Cooking Oil Market: By Product Type (Vegetable and Seed Oils, Spreadable Oils and Fats, Cooking Fats, Olive Oil, Others), By Source (Animal and Plant), By Distribution Channel (Super Markets & Hyper Markets, Online Stores, Departmental Stores, and Others) and Geography    

Cooking Oil Market size was valued at USD X billion in 2022 and is expected to grow at a CAGR of 5.4% from 2023-2029. 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.