With a focus on actionable insights and strategic value, The Business Research Company’s 2026 market reports include market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights.
Oils Market Size Forecast Points To $110.31 Billion In Revenue By 2030
The oils market has experienced consistent expansion over the last few years. Projections indicate it will grow from $86.41 billion in 2025 to $90.2 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 4.4%. Historically, this expansion can be attributed to factors such as the rising global consumption of edible oils, their increased application in food processing, the development of large-scale oil refining operations, the growing demand for food products with extended shelf-life, and the availability of diverse oilseed crops.
The oils market is anticipated to experience robust expansion over the next few years, with its size projected to reach $110.31 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.2%. This expected growth is driven by several factors, including consumers’ increasing focus on healthy diets, a rising demand for plant-based and specialty oils, the expansion of biofuel production utilizing edible oils, a growing adoption of sustainable oil extraction methods, and increasing regulatory oversight for food-grade oils. Major trends identified for this period include a heightened demand for health-oriented cooking oils, a rise in the adoption of cold-pressed and natural oils, an emphasis on solutions for extended shelf-life, the expansion of clean-label oil products, and improved quality control measures in oil processing.
Get A Free Oils Market Sample Covering Drivers, Trends And Key Players:
Oils Market Driver Analysis: Key Factor Supporting Revenue Growth
The rising demand for food is anticipated to stimulate the growth of the oils market moving forward. Food refers to a substance primarily composed of protein, carbohydrates, fat, and other nutrients, utilized by the human body to generate energy, support development, and facilitate other crucial processes. Oils such as olive oil, canola oil, and sunflower oil, known for their monounsaturated fats, are incorporated into food preparation, which helps lower the risk of heart and cardiovascular disorders and enhances healthy cholesterol levels. For example, in October 2023, according to the United States Department of Agriculture (USDA), a US-based government agency, food spending accounted for 12.9% of the average U.S. household’s total expenditures in 2023, slightly higher than the 12.8% observed in 2022. Therefore, the increased demand for food is a key factor driving the expansion of the oils market.
Oils Market Segmentation Framework: Major Segments At A Glance
The oils market covered in this report is segmented –
1) By Oil Type: Palm Oil, Soybean Oil, Canola Oil, Sunflower Oil, Other Oil Types
2) By Form: Liquid, Solid
3) By Source: Oilseeds, Fruit-Based Oils, Nut-Based Oils
4) By Method Of Extraction: Cold-Pressed Oils, Expeller-Pressed Oils, Solvent-Extracted Oils, Refined Oils
5) By Application: Food Industry, Biofuels, Other Applications
Subsegments:
1) By Palm Oil: Crude Palm Oil, Refined Palm Oil
2) By Soybean Oil: Crude Soybean Oil, Refined Soybean Oil
3) By Canola Oil: Refined Canola Oil, Cold-Pressed Canola Oil
4) By Sunflower Oil: Refined Sunflower Oil, Cold-Pressed Sunflower Oil
5) By Other Oil Types: Olive Oil, Coconut Oil, Corn Oil, Grapeseed Oil, Peanut Oil
Latest Oils Market Developments And Emerging Trends
Leading companies operating within the oils market are prioritizing the creation of innovative solutions, such as certified sustainable hard palm kernel oil (HPKO), to fulfill the growing consumer demand for clean-label, low-trans-fat, vegan-friendly, and responsibly sourced edible oils. Certified sustainable HPKO is a specialized fat extracted from palm kernels, featuring high oxidative stability and a neutral sensory profile, making it appropriate for confectionery and frozen applications. For example, in February 2023, KTC Edibles Ltd., a UK-based independent producer and supplier of edible oils, introduced certified sustainable hard palm kernel oil (KPKO), which is a 100% vegetable oil, acceptable for vegans, and low in trans fats. HPKO is ideally suited for use in ice cream and confectionery products. KTC HPKO boasts a neutral flavor and odor, which allows it to blend effectively with both dairy-based and vegan products, as it contains no additives, allergens, or genetically modified ingredients. This Certified Sustainable Segregated HPKO has now been incorporated into the company’s expanding portfolio of premium edible oils and fats. It complements other items in the KTC product line, including the UK’s first and only Halal beef dripping and a newly launched premium Italian lard.
Which Companies Are Shaping The Oils Market?
Major companies operating in the oils market are Archer Daniels Midland Company, Bunge Limited, Wilmar International Limited, Cargill Inc, Louis Dreyfus Company, Olam Group Limited, Associated British Foods PLC, Unilever PLC, Sime Darby Plantation Berhad, IOI Corporation Berhad, United Plantations Berhad, Golden Agri-Resources Ltd, Mewah International Inc, Richardson International Limited, Adani Wilmar Limited, COFCO International Limited, Musim Mas Group, EID Parry Limited, Patanjali Foods Limited, Marico Limited, AAK AB, Borges International Group
Dive Deeper Into The Oils Market With The Full Report:
Oils Market Regional Distribution: Where Is Revenue Concentrated?
Asia-Pacific was the largest region in the oils market in 2025. It is expected to be the fastest-growing region in the oils market report during the forecast period. The regions covered in the oils market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Reach Out To Our Team:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas: +1 310-496-7795
Asia: +44 7882 955267 & +91 8897263534
Europe: +44 7882 955267
Email us at: marketing@tbrc.info
Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
