About edible-oil
Edible oils comprise one of the three major classes of foods, carbohydrates, fats, and protein. Edible oils can be obtained from terrestrial or aquatic animals, from the seeds or leaves of varied plants, from the pulp, or the nut/stone of many fruits.Edible oils are used in many products not only to make food palatable but also to make them functional.
The global edible oil market size was valued at USD 97.32 billion, recorded in the last financial year. The steady rise in Population has seen a Steady Increase in the Demand of the Edible Oil Industry at a CAGR of about 11%-15% for the past decade and is forecasted to increase at a steady pace of CAGR 5% – 7% in the next 5 years.
Almost 35 % of the Estimated $ 120 Billion Edible Oil Industry is Retailed to Households across, globally with the balance being consumed by the Food Processing and Foodservice Industry. The Recent Past has seen a Drastic Increase in the consumption of Palm Oil, which is one of the Cheapest Edible Oils and is commonly used as a feedstock for biofuel production.
Due to the Increased Demand for Palm Oil, Plantations of Palm have been done in almost all countries to provide Raw Material for Local companies. Despite Local Productions, Countries of Large Populations depend heavily on Palm Oil and Other Edible Oils Imports to meet the requirements.
The Largest Importer of Edible Oil in the World is India from Indonesia and Malaysia and is also the world’s Third Largest consumer. India also produces 9 types of Oilseeds making it the world’s 4th Largest OilSeed Producing Country following the USA, China, and Brazil.
The Indian Edible Oil Industry & Market has been rising Steadily and has a telling impact on the World Scenario. India accounts for 10-12% of the Total Oil Consumption, about 8% of the Seed Production, and close to 15% of Oil Imports due to the mismatch in the Raw material Production and Oil Extraction Industries in the country.
The rising number of hotels and restaurants from countries including China and India on account of supportive government policies are projected to boost the utility of edible oils. Also, shifting preference of middle-class income groups of countries including Saudi Arabia and UAE, to opt for dine-out during weekends is expected to open new market avenues in the foodservice sector over the next eight years.
Global Market Value of Edible Oil
The global edible oil market is valued at approximately USD 250 billion in 2025, projected to reach USD 310 billion by 2030 with a 4.2% CAGR. Key market dynamics include:
Market Share by Oil Type:
- Palm Oil: 36% (Indonesia & Malaysia dominate 85% of exports)
- Soybean Oil: 28% (Argentina & Brazil lead production)
- Rapeseed Oil: 15%
- Sunflower Oil: 9% (Ukraine & Russia major exporters)
- Top Importing & Exporting Countries:
India: World’s largest importer consuming 25 million tons annually, importing 14-15 million tons
Asia-Pacific: Drives 45% of global consumption led by China, India, Indonesia
Major exporters: Indonesia, Malaysia (palm oil), Argentina, Brazil (soybean oil), Ukraine (sunflower oil)
