What Role Do Cold-Pressed Oils Play in Shaping the Edible Oils Market?

Edible Oils Market is expected to grow at a CAGR of 7.37%, is reported by Maximize Market Research

Edible Oils Market is forecasted to reach USD 228.42 Bn by 2032. Rising health consciousness and increasing fast-food consumption globally are driving the market’s upward trajectory.

Market to Hit USD 228.42 Bn by 2032

Edible Oils Market was USD 129.32 Bn in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 7.37% from 2025 to 2032, reaching USD 228.42 Bn by 2032. Edible Oils Market is expanding rapidly due to consumers’ growing desire for healthy oils high in unsaturated fats. Due to the growing Mediterranean dietary patterns in the region, the demand for olive and sunflower oils increased dramatically in Europe, with imports of olive oil surpassing 2.2 million tons in 2023. The market is being shaped by leading firms. For example, the American food company Cargill introduced “Gemini Pureit” sunflower oil in Karnataka.

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Market Segmentation

By Type: In 2023, palm oil dominated the Edible Oils Market with a 45% share, mostly because of its affordability and adaptability. Consumption is dominated by nations such as India, Malaysia, and Indonesia; India alone consumes more than 9 million metric tons per year.

By Packaging Type: Pouches minimal carbon impact and ease of use made them 60% of the packaging Edible Oils Market in 2023. Particularly in India and Southeast Asia, pouches have become more and more popular among urban households due to their portability and space-saving capabilities.

Market Regional Analysis

Europe, holds a prominent share in olive and sunflower oil markets, with Spain and Italy being the leading producers. Health-driven consumption patterns have contributed to over 2.5% annual growth in the region’s edible oil segment. European Union regulations also ensure high safety and quality standards for oil production and processing.

North America, the region is expanding significantly as a result of the growing use of edible oils, especially avocado and soybean oils, in cosmetic and wellness applications. With exports estimated to be worth over USD 6 billion in 2023, the US makes a significant contribution to the production of soybean oil worldwide.

Asia- Pacific, India consumes more than 22 million tons of edible oils a year, making it the world’s largest importer and third-largest consumer. It is anticipated that increased discretionary incomes and government programs such as the National Mission on Edible Oils – Oil Palm (NMEO-OP) in 2021 would boost domestic output and lessen reliance on imports.

Market Competitive Landscape

Wilmar International Ltd (Singapore) – Revenue: USD 73 billion (2023). In March 2023, they announced a USD 400 million investment to develop sustainable palm oil supply chains across Indonesia and Malaysia.

Cargill, Inc. (USA) – Revenue: USD 177 billion (2023). Their new oil refinery upgrades in India aim to improve local processing capabilities and reduce dependence on imports.

Archer Daniels Midland Company (USA) – Revenue: USD 102 billion (2023). In Q4 2023, ADM partnered with Qingdao Vland Biotech to improve edible oil nutritional profiles using enzyme technologies.

Louis Dreyfus Company (Brazil) – Revenue: USD 59 billion (2023). In December 2023, the company initiated a bio-oil pilot project targeting energy conversion from used edible oils.

Edible Oils Market Latest Recent Trend and Development

• The integration of cold-pressed and organic oils in retail channels is accelerating.
• AI-powered oil quality monitoring systems are being developed to reduce rancidity risks.
• In 2024, consumer preference is shifting towards oils with functional health claims like Omega-3 rich blends.
• Strategic joint ventures between refiners and agri-tech firms are redefining sourcing practices.

Conclusion

• Increasing demand from fast food, cosmetics, and pharmaceutical sectors continues to push market expansion.
• Government initiatives like India’s NMEO-OP and sustainable sourcing efforts are supporting long-term industry growth.
• Packaging evolution (e.g., pouches with enhanced barrier tech) is improving shelf life and consumer convenience.
• R&D focus and strategic acquisitions are driving competitive advantage and market consolidation.

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