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Cooking Oil Market: By Product Type, By Source, By Distribution Channel and Geography
Cooking Oil Market: By Product Type, By Source, By Distribution Channel and Geography
Cooking Oil Market size was valued at US$ X billion in 2023 and is poised to grow at a CAGR of 5.4% from 2024-2030. Cooking Oil Market is the animal, plant, or synthetic fat used in the baking, frying, and other types of cooking. These are made up of saturated, monosaturated, and polysaturated fatty acids. Polysaturated and monosaturated fats lower the cholesterol level in body, while saturated fats increase cholesterol levels. Cooking oil is also used as flavoring purpose, food preparation, salad dressings, and bread dips among others. Most commonly used cooking oils are soybean oil, palm oil, canola oil, vegetable oil, corn oil, and peanut oil among others. Palm oil is one of the world's most widely used cooking oils. China, India, Indonesia, and the European Union are the top consumers of palm oil.
India, China, and the European Union do not produce crude palm oil, so they rely totally on imports to meet their needs. Palm oil is in high demand from a variety of end-user sectors around the world since it costs 20% less than most cooking oils. It's also extremely adaptable. Palm oil output has increased dramatically in recent years, with Malaysia and Indonesia meeting nearly all of the demand. In most developed regions, there is a growth in demand for biofuel. As a result, demand for palm oil is increasing. The widespread use of palm oil in numerous parts of the food industry is another major demand driver. The market has benefited from non-GMO cooking oil demand, as it has increased the share of sunflower oil, coconut oil, and olive oil, as well as leading segments of the market analysed, such as palm oil, canola oil, and soybean oil.
Study Period
2024-2030Base Year
2023CAGR
5.4%Largest Market
North AmericaFastest Growing Market
Europe
Increase in the cooking oils consumption in food services and household sector is a key factor driving the market. Moreover, rise in population, increase in the production of oilseeds such as sunflower, ground nut, and palm seeds, change in food habits, rise in per capita income, and increase in the R&D for innovation of newer products, and increase in the preference for processed foods are anticipated to upsurge the revenue of the market. However, change in food trends due to rise in health awareness, stringent regulations for the manufacturing of cooking oil, and high cost of these products may restrain the growth of the market over the forecast years.
Geographically the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America cooking oil market is rising due to increase in the demand for processed feed, technological advancements in cooking oil processing in the region. Europe cooking oil market is growing at a significant CAGR owing to increase in the production of cholesterol-free and low calorie cooking oils, change in the food habits, and rise in disposable income are expected to promote the growth of market in the region. Asia Pacific cooking oil market is poised to grow at significant rate due to increase in the population majorly in China and India, rise in the production of oilseed crops, and increase in the number cooking oil processing industries in the Asia-Pacific region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market CAGR |
5.4% |
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By Product Type |
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By Source |
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By Distribution Channel |
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The cooking oil market size was valued at US$ x million in 2023.
The cooking oil market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Europe is the fastest-growing for cooking oil market
| 1. Executive Summary |
| 2. Global Cooking Oil Market Introduction |
| 2.1.Global Cooking Oil Market - Taxonomy |
| 2.2.Global Cooking Oil Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Source |
| 2.2.3.Distribution Channel |
| 2.2.4.Region |
| 3. Global Cooking Oil Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Cooking Oil Market Analysis, 2019-2023 and Forecast 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Cooking Oil Market By Product Type, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 5.1. Vegetable and Seed Oils |
| 5.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Spreadable Oils and Fats |
| 5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Tendon Allografts |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Cooking Oil Market By Source, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 6.1. Animal |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Plant |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Cooking Oil Market By Distribution Channel, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 7.1. Super markets & Hyper Markets |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Online Stores |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Departmental Stores |
| 7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Others |
| 7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8. Global Cooking Oil Market By Region, 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Cooking Oil Market 2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 9.1. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Vegetable and Seed Oils |
| 9.1.2.Spreadable Oils and Fats |
| 9.1.3.Tendon Allografts |
| 9.2. Source Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Animal |
| 9.2.2.Plant |
| 9.3. Distribution Channel Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Super markets & Hyper Markets |
| 9.3.2.Online Stores |
| 9.3.3.Departmental Stores |
| 9.3.4.Others |
| 9.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10. Europe Cooking Oil Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Vegetable and Seed Oils |
| 10.1.2.Spreadable Oils and Fats |
| 10.1.3.Tendon Allografts |
| 10.2. Source Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Animal |
| 10.2.2.Plant |
| 10.3. Distribution Channel Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Super markets & Hyper Markets |
| 10.3.2.Online Stores |
| 10.3.3.Departmental Stores |
| 10.3.4.Others |
| 10.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) Cooking Oil Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Vegetable and Seed Oils |
| 11.1.2.Spreadable Oils and Fats |
| 11.1.3.Tendon Allografts |
| 11.2. Source Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Animal |
| 11.2.2.Plant |
| 11.3. Distribution Channel Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Super markets & Hyper Markets |
| 11.3.2.Online Stores |
| 11.3.3.Departmental Stores |
| 11.3.4.Others |
| 11.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) Cooking Oil Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Vegetable and Seed Oils |
| 12.1.2.Spreadable Oils and Fats |
| 12.1.3.Tendon Allografts |
| 12.2. Source Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Animal |
| 12.2.2.Plant |
| 12.3. Distribution Channel Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Super markets & Hyper Markets |
| 12.3.2.Online Stores |
| 12.3.3.Departmental Stores |
| 12.3.4.Others |
| 12.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America Cooking Oil Market ,2019-2023 and Forecast 2024-2030 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Vegetable and Seed Oils |
| 13.1.2.Spreadable Oils and Fats |
| 13.1.3.Tendon Allografts |
| 13.2. Source Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Animal |
| 13.2.2.Plant |
| 13.3. Distribution Channel Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Super markets & Hyper Markets |
| 13.3.2.Online Stores |
| 13.3.3.Departmental Stores |
| 13.3.4.Others |
| 13.4. Country Analysis 2019-2023 and Forecast 2024-2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Cargill Inc. (U.S.) |
| 14.2.2.Unilever PLC (Netherlands) |
| 14.2.3.Savola Group (Saudi Arabia) |
| 14.2.4.Archer Daniels Midland (U.S.) |
| 14.2.5.Wilmar International Limited (Singapore) |
| 14.2.6.Associated British Foods plc (U.K) |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
Key Market Players
Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of experience in the field of market research. Sravani is adept at creating competitive evaluations, precise market estimations, and market projections, emphasizing the food and beverage and information and communication technology (ICT) industries. Her areas of competence are identifying important players, projecting market trends, and assessing the potential for industry growth. She applies a strong analytical approach to provide precise market estimates and thorough industry analysis, empowering organizations to make data-driven decisions. Sravani's estimating and forecasting abilities are essential for businesses to take advantage of new opportunities and effectively manage dynamic market environments.