Fats and Oils Market Size, Key Companies, Company Market Share, Production Volume, Consumption Trends, Pricing Analysis, Export & Import Dynamics, Competitive Positioning, and Demand Forecast

Revenue, 2026

USD 294.11 Bn

Forecast Year, 2035

USD 436.85 Bn

CAGR, 2026 - 2035

4.50%

Report Coverage

Global

What is the Fats and Oils Market Size and Forecast 2026 to 2035

The global fats and oils market size is calculated at USD 281.18 billion in 2025 and is predicted to increase from USD 294.11 billion in 2026 to approximately USD 436.85 billion by 2035, expanding at a CAGR of 4.50% from 2026 to 2035.

Fats and Oils Market Key Takeaways

• Europe led the global market with the highest market share of 47.14% in 2025.
• By type, the palm oil segment has held the largest market share in 2025.
• By source, the food segment captured the biggest revenue share in 2025.
• By form, the liquid segment registered the maximum market share in 2025.

AI in the Market

AI is changing the game in the fats and oils industry by making the whole process more efficient, thereby leading to better quality and innovative products. One of the major areas of AI influence is extraction and refining, as AI has taken control of these processes. Moreover, the technology enhances predictive maintenance and conducts quality control through advanced sensors at the same time. This is done perfectly, and even the issue of shelf-life estimation, food safety, and transparency in the supply chain is all taken care of by AI. More so, AI market analytics predict consumer trends, thus making it possible to have an agile inventory strategy while helping in the development of healthier oil alternatives. In short, AI is the main factor that is making production easier and bringing in new ideas in the fats and oils industry.

Fats and Oils Market Growth Factors

Fats and oils are basic or blended glyceryl esters of different natural acids, which have a place with the unsaturated fat series; they are gotten from plant or creature sources. Essential wellsprings of fats and oils incorporate plant sources, like soybean, palm, rapeseed, olive oil, and sunflower oil; creature sources incorporate spread and margarine, fat. The fats and oils market has been filling consistently in created nations and arising nations, like the US, Brazil, China, India, and Indonesia. Among vegetable oils, palm oil stayed the most well-known with around 30% of the piece of the pie. Fats track down significant applications in pet food, creature feed, and other modern purposes, for example, biodiesel and oleochemicals. Oils of plant beginning have been transcendently utilized for food-based applications. The fats and oils market, by structure, is assessed to be overwhelmed by the fluid portion in 2024.

The development of this market is credited to the expanded mindfulness about better substitutes to trans-fat, interest for a more nutritious and adjusted diet among customers, and supportable food and energy frameworks. The huge utilization base in Asia Pacific, i.e., powerful handled food sources and modern applications for fats and oils, makes it the quickest developing district during the conjecture time frame. Asia pacific fats and oils market is significantly determined by China and India, attributable to the change in utilization designs and the high imports of vegetable oils and fats.

Significant purchasers of fats and oils, which including families, inns, eateries, bistro, were incredibly impacted by COVID-19. During the lockdowns, the utilization design moved from requesting to self-cooking. The lockdowns likewise affected the families as the corporate store was disturbed and the general stores were shut. From the stockpile side, oilseed ranches, oilseed smashers, and different partners were impacted because of the exchange obstructions across the globe. Significant oil-delivering nations, like Malaysia, Indonesia, the US, and Brazil, confronted disturbance in the store network as the products declined radically and homegrown dispersion was antagonistically impacted.

The organic market for fats and oils in the worldwide market has moved due to the Covid emergency, with a rising vulnerability connected with costs. Palm oil, which is the biggest kind of oil created universally, confronted the effect as request dropped across the world, exchange was upset, and creation got hampered in Indonesia and Malaysia, as per the top vegetable oils makers, for example, Wilmar International and Mehwah Group, which work in the area. Endeavors were being made in numerous nations to keep up with strength on the lookout. As per the Indonesian Palm Oil Producers Association (GAPKI), products to China plunged by 57% in January 2019-2020. State run administrations from nations like India, China, and the US made exceptions for the area to proceed with their organizations with insignificant limit in the midst of the lockdowns. As the creation proceeded, these organizations could relieve the impressive effect by the progression of tasks.

Fats and oils track down applications in spread, cooking oil, salad, creature feed, unsaturated fats, biodiesel, paints, individual consideration items, lubes, and ointments. The rising populace, combined with changes in ways of life, prompting an expansion in utilization of eatable oils and handled food varieties, is driving the expansion in the utilization of fats and oils. Organizations fabricating eatable oil or cooking oil are situating their items as sound oils to acquire portion of the overall industry as the clients are zeroing in on devouring good food. The rising interest for greases is supposed to help the worldwide development of the oils and fats market. The interest for great oils is developing as customers are selecting better choices to keep up with the taste while improving the healthy benefit. To fulfill this need, makers are making do on handling advancements and furthermore improving their item portfolios. ADM (U.S.), alongside Novozymes (Denmark), fostered an innovation that changed the fats and oils industry. This innovation helped the organization in assembling top notch consumable oils by using compounds in the creating system.

Biodiesel is an option in contrast to diesel fuel from petroleum derivative energy sources. It enjoys an upper hand over diesel fuel as it doesn't run out and keeps on filling in the fields. Rapeseeds, soybeans, the product of oil palms, and, surprisingly, old palatable fats are great for biodiesel creation. It is a non-poisonous, biodegradable, and inexhaustible fuel created from a scope of sustainable unrefined components, like new or squander vegetable oils, creature fats, and oilseed plants. Natural similarity of land use, an unquestionable saving of nursery discharges, and concurrence with food creation are the principal guidelines of supportability kept up with in biodiesel creation. Thus, biodiesel and palatable vegetable oils are created with less hurtful effect on the climate. Additionally, the increasing expenses of diesel fuel and constant climatic changes because of the outflow of ozone depleting substances drive the market for the creation and use of biodiesel.

Inferable from the expanded wellbeing cognizance among shoppers, trans-fats are step by step supplanted by a lot better substitute, specifically unsaturated fluid vegetable oils, like olive, canola, corn, or soy oils. The worldwide market has been seeing the pattern of embodiment. A few key producers are presently planning on embodying milk fat and vegetable oils in a grid containing whey proteins and combinations of caseins and whey proteins. These fat-rich powders track down applications in different food plans as well as in dietary enhancements and drug items. In the worldwide fats and oils market, premium oil types, for example, olive and sunflower, witness more exorbitant costs attributable to their unrefined components costing, predominant name cases, and worth added healthful profiles. Western business sectors of Europe and North America stay the objective for such premium classes of oils and fats, subsequently seeing similarly more exorbitant costs than the worldwide normal. Subsequently, the element is driving the market an incentive for fats and oils in the worldwide business sectors.

• The consumers' growing health consciousness has led to an increase in the demand for healthier substitutes for trans fats and oils rich in nutrients.
• The higher usage of processed and ready-to-eat foods is pushing up the consumption of fats and oils in the production of food.
• The development of the biodiesel industry is creating a demand for vegetable oils and animal fats as eco-friendly sources of energy.
• The gains in processing and refining technologies are making the product quality, shelf life, and nutritional content improvements that are in favor of market growth.
• The cosmetics, pharmaceuticals, and animal feeds industries, among others, are increasing applications of fats and oils worldwide, thus enlarging the market space.

Trade Analysis of the Fats and Oils Market

• The world received 10,725 shipments of vegetable oils between June 2024 and May 2025.
• The volume of vegetable oils imported during that period experienced a 149% increase when compared to the previous twelve-month period.
• The month of May 2025 recorded 1,195 shipments, which represented a 178.6% increase compared to the previous year.
• The United States imported 4,880 shipments, while Chile received 3,384 shipments, and Brazil imported 1,462 shipments.
• India received a total of 124 Fat shipments between April 2024 and March 2025.
• India experienced a 118% increase in fat imports during the past twelve months.
• The United States leads global fat imports with 20500 shipments, followed by Poland with 16114 shipments and China with 14279 shipments.

Fats and Oils Market Outlook

• Industry Growth Overview: The global fats and oils market experiences continuous growth because processed foods and plant-based cooking oils operate as its main growth drivers.
• Sustainability Trends: Organizations now give main focus to RSPO palm oil, traceable sourcing, regenerative agriculture, and waste oil biofuels.
• Global Expansion: Companies establish their operational bases in Asia-Pacific and Africa through their investments in local refining and capacity development.
• Major investors: Archer Daniels Midland, Bunge, Cargill, Wilmar International, Fuji Oil, and IOI Corporation serve as the major investment drivers.
• Startup Ecosystem: The startup ecosystem develops sustainable industrial oil alternatives through precision fermentation and lab-created fats.

Market Scope

Segments Insights

Type Insights

What factors have driven the market growth for fats and oils?

The medical advantages, simple accessibility, and cost-adequacy are a portion of the variables that have driven the market for fats and oils. Inside vegetable oils, the palm oil portion has ruled the market, as it is effectively accessible and is moderately more steady than different oils.

Source Insights

What factors are responsible for the increasing demand for vegetable-derived oils in the food industry?

Vegetable oils from sunflower, rapeseed, soybean, palm, cottonseed, and coconut are profoundly utilized in food applications which have driven the market for vegetable-obtained oils. The characteristics related with vegetable oils like low-fat, low-cholesterol, and low-calories content are enrolling development in the fragment. Likewise, the assortment of purpose of vegetable oils in food as well as different ventures, for example, pleo-compound businesses, creature feed, and energy and biomass industry has additionally determined the market for vegetable oils.

Form Insights

Which segment of the fats and oils market is projected to dominate?

The liquid segment of fats and oils is guage to rule the market. In any case, the actual qualities of fats and oils relies on a ton of elements, for example, level of unsaturation, the length of the parent carbon chain, the isomeric types of the unsaturated fats, sub-atomic design, and handling factors, yet it is accepted that the fluid oils are more unsaturated and are consequently more liked by the shoppers.

Regional Insights

Europe Fats and Oils Market Size and Growth 2026 to 2035

The Europe fats and oils market size is exhibited at USD 134.97 billion in 2025 and is projected to be worth around USD 212.48 billion by 2035, growing at a CAGR of 4.64% from 2026 to 2035.

Europe dominated the fats and oils market by holding the largest share in 2025, driven by its well-established food processing industry, strong demand for high-quality edible oils, and widespread use of fats in bakery, confectionery, and processed foods. The region's focus on health-conscious and sustainable products, including the growing preference for plant-based and organic oils, has further strengthened market growth. Additionally, advanced refining technologies, strict quality regulations, and the presence of major players such as Unilever, Cargill, and Bunge have supported consistent innovation and supply reliability across the continent.

Germany Fats and Oils Market Trends

Germany is a major contributor to the European fats and oils market, driven by its strong food processing industry and high consumption of edible oils in bakery, confectionery, and packaged foods. The country's focus on sustainable sourcing, renewable bio-based products, and advanced refining technologies has further boosted its market influence. Additionally, Germany's strategic trade position within the EU and presence of leading global and regional manufacturers make it a key hub for fats and oils production and distribution across Europe.

What Makes North America the Fastest-Growing Region in the Fats and Oils Market?

North America is expected to grow at the fastest rate due to rising consumer demand for processed and convenience foods, as well as the increasing use of specialty oils in the foodservice and bakery sectors. The growing awareness of health and nutrition has driven a shift toward plant-based, non-GMO, and trans-fat-free oils, fueling innovation among manufacturers. Additionally, technological advancements in oil extraction and refining, coupled with the expansion of biofuel production, are strengthening market growth. The presence of major industry players and strong supply chain networks in the U.S. and Canada further enhances North America's rapid market expansion.

U.S. Fats and Oils Market Trends

The U.S. is the major leader in the North American fats and oils market, driven by its large-scale food processing industry and high consumption of edible oils across bakery, snacks, and packaged food segments. The country's focus on innovation, including specialty oils, plant-based alternatives, and healthier formulations, has further strengthened its market position. Additionally, the U.S. benefits from advanced refining technologies, robust supply chains, and the presence of leading global manufacturers, making it the dominant player in the region.

How Big is the Success for Asia Pacific in the Fats and Oils Market?

Asia-Pacific is seeing remarkable success in the fats and oils market, driven by rising consumption of processed foods and bakery products, as well as biodiesel production. Expanding urbanization, robust agricultural output, and supportive government policies for edible oil refining further strengthen the region's market position, while innovation in healthier oil formulations accelerates long-term market growth.

China Fats and Oils Market Trends

China leads the market in Asia-Pacific, driven by its massive food processing and restaurant industries. The country's growing population, coupled with increasing demand for convenience and packaged foods, fuels the consumption of edible oils. Moreover, government initiatives promoting soybean and palm oil processing, along with a shift toward healthier oil alternatives, further expand China's market presence and strengthen its production capabilities.

Japan Fats and Oils Market Trends

Japan's fats and oils market is expanding as consumers increasingly prefer high-quality, functional, and low-trans-fat products. The country's advanced food technology sector encourages innovation in plant-based and omega-enriched oils. Growing health awareness and government nutrition guidelines are guiding consumers toward premium edible oils, while the strong bakery and confectionery industries support steady domestic demand and innovation.

India Fats and Oils Market Trends

India's fats and oils market flourishes due to its large population, diverse culinary tastes, and increasing consumption of processed and ready-to-eat foods. Rising disposable incomes, quick urbanization, and reliance on palm and soybean oil imports strengthen the market. Moreover, government backing for domestic oilseed farming and expanding refining infrastructure boosts India's position as a key regional player.

How Crucial is the Role of Latin America in the Fats and Oils Market?

Latin America offers significant opportunities for market growth due to rising demand for processed and convenience foods, as well as expanding food service and bakery sectors. The region's robust agricultural industry supports the production of palm, soybean, and sunflower oil. Additionally, rising health consciousness and investments in sustainable oil-processing technologies further drive market expansion. Brazil leads the Latin America fats and oils market due to its vast soybean and palm oil production, strong export capacity, advanced processing facilities, and growing demand from the food and biofuel industries.

Brazil Fats and Oils Market Trends

Brazil's market is growing as consumer preferences shift towards healthier and more sustainable options, including plant-based, organic, and cold-pressed oils, reflecting increased health consciousness and environmental awareness. There's rising demand for specialty and functional oils such as olive, avocado, and omega-rich oils, while traditional fats continue to be significant in food processing and culinary applications.

What Potentiates the Growth of the Middle East and Africa Fats and Oils Market?

The market in the Middle East and Africa is driven by increasing urbanization, rising disposable incomes, expanding food processing industries, and a growing consumer preference for healthier oils. Investments in refining infrastructure and import substitution strategies are also boosting regional market growth. The UAE holds a leading position in the Middle East and Africa fats and oils market, supported by its expanding foodservice and hospitality sectors. The rising demand for high-quality edible oils, especially for bakery, confectionery, and ready-to-eat foods, sustains market growth. Additionally, increasing health awareness and government initiatives promoting food innovation further strengthen the country's dominance.

Fats and Oils Market Value Chain Analysis

• Raw Material Procurement: This step is all about getting the oilseeds, crops, or fats from animals while ensuring that the quality and the way of farming are both good and eco-friendly.
  Key Players: Cargill, Wilmar International, Archer Daniels Midland (ADM)
• Processing and Preservation: This step transforms the raw materials into oils that are refined through extraction, refining, and stabilization, thus gaining flavor and prolonging shelf life.
  Key players: Cargill, Wilmar International, Bunge
• Quality Testing and Certification: t performs chemical and sensory tests to ensure that the product is safe, nutritious, and up-to-date with the market standards before it goes on sale.
  Key Players: SGS SA, Bureau Veritas, Intertek Group, Eurofins Scientific
• Packaging and Branding: It comes up with packaging that is strong, informative, and friendly to the environment, thus keeping the product fresh and at the same time strengthening the brand's recognition.
  Key Players: Fuji Oil, Bunge, AAK AB, Berry Global
• Cold Chain Logistics and Storage: This stage operates systems that control the temperature and thus maintain the quality of the product during its transportation and storage.
  Key Players: Americold Logistics, Lineage Logistics, Nichirei Corporation
• Distribution to Retail and HoReCa: This step plans and organizes the delivery of the product to retail outlets, wholesalers, and the food industry so that the product will always be available when needed.
  Key Players: Cargill, Wilmar International, Bunge, and Unilever

Company Profiles

Associated British Foods

• HQ: London, United Kingdom
• Founded: 1935
• Ownership: Wittington Investments Ltd.
• Business Overview: Associated British Foods (ABF) is a British multinational food processing company that provides safe, nutritious, and affordable food.
• Products: The company's heart-healthy Mazola cooking oils are cholesterol-free, 100% pure oil with no additives.
• Geographic Presence: Corporate offices of ABF are located in 56 countries across the Americas, Europe, Africa, and Asia-Pacific.
• Revenue: As of September 2025, the company generated revenue of £19.5 billion, with an operating profit of £1,483 million.
• Key Strategies: The company aims to drive sustainable, long-term growth, cash generation, and strong returns across its portfolio of food and retail businesses.

Archer-Daniels-Midland

• HQ: Illinois, United States
• Founded: 1902
• Ownership: Public
• Business Overview: The Archer-Daniels-Midland (ADM) Company is an American multinational food processing company that serves multiple industries, ranging from beverages to biofuels, home care to home insulation, and probiotics to pet treats.
• Products: ADM offers a wide range of industrial oils, edible oils, and modified & tailored oils.
• Geographic Presence: ADM has a presence in 6 continents, with 13 innovation centers, 22 processing plants, and 27 procurement centers across the globe.
• Revenue: ADM reported net earnings of $1.1 billion in full-year 2025.
• Key Strategies: ADM focuses on optimizing the global origination, crush, & refining network, expanding differentiated food, feed, and health ingredients, and maintaining productivity and capital discipline throughout the cycle.

Bunge Limited

• HQ: Missouri, United States
• Founded: 1818
• Ownership: Public (NYSE: BG)
• Business Overview: Bunge Global SA is a global leader in agribusiness, food, and ingredients, and plays a role in its crop infrastructure to help fuel renewable energy.
• Products: The company offers plant-based specialty oils and fats, including soft seed and tropical oils, for food manufacturers, bakeries, retail, and food service operators.
• Geographic Presence: Bunge Global is located across various regions, such as North America, South America, Asia, EMEA, and Oceania.
• Revenue: Soybean processing and refining reported the highest net sales of $36,313 million in 2025, followed by net sales of softseed processing and refining of $11,252 million.
• Key Strategies: Bunge Global advances a compelling pipeline of key projects to provide solutions that meet customers' needs, and leverage global scale and infrastructure to execute its strategy.

Wilmar International Ltd.

• HQ: Singapore
• Founded: 1991
• Ownership: Public (SGX: F34)
• Business Overview: Wilmar International is Asia's leading agribusiness group that deals with oil palm cultivation, oilseed crushing, edible oils refining, flour and rice milling, and sugar milling & refining.
• Products: Wilmar's oil portfolio includes oils of canola, coconut, cottonseed, margarine, mustard, olive, peanut, and rice bran, along with blended oils.
• Geographic Presence: Wilmar's footprint spans over 1,000 manufacturing plants and an extensive distribution network covering China, India, and 50 other countries.
• Revenue: The company generated revenue of $38,559.8 million in the first half of 2026, compared to $32.891.9 million during the same period in 2025.
• Recent Development: In June 2026, Wilmar International formed a joint venture with Tropical General Investments Group to combine companies' upstream agriculture, oil palm plantations, edible oils, edible nuts, rice, culinary, food manufacturing, and nationwide distribution activities.
• Key Strategies: The company aims to build a vertically integrated business model encompassing the entire value chain of the agricultural commodity business.

Unilever plc

• HQ: London, United Kingdom
• Founded: 1929
• Ownership: Public
• Business Overview: Unilever plc is a British multinational company that caters to various industries, including beauty & wellbeing, personal care, home care, and foods.
• Products: Unilever uses oils and fats in the production of various food products. It also establishes a robust supply chain for oils and fats.
• Geographic Presence: Unilever's corporate sites are present in more than 50 countries, as well as delivers its products in over 190 countries.
• Revenue: The company generated revenue of €50.5 billion in 2025, with 59% from emerging markets.
• Key Strategies: Unilever's strategy leads to its transformation in three key ways, including desire at scale, play to win, and fit for the AI age.

Fats and Oils Market Companies

• Associated British Foods PLC (UK): Produces and supplies a wide range of edible oils, fats, and bakery ingredients, serving both consumer and industrial food sectors.
• Archer Daniels Midland Company (ADM) (US): Operates large-scale processing and trading of vegetable oils and oilseeds, supplying global food and industrial markets.
• Bunge Limited (US): Manufactures, processes, and distributes oils and fats, focusing on both edible and specialty oils for food and bio-based industries.
• Wilmar International Limited (Singapore): A leading integrated agribusiness group, producing, refining, and distributing oils and fats worldwide.
• United Plantations Berhad (Malaysia): Engages in palm oil cultivation, refining, and supply, contributing significantly to edible and industrial oil production.
• Unilever PLC (UK): Utilizes oils and fats as key ingredients in its consumer food and personal care products, influencing global demand patterns.
• Ajinomoto Co., Inc. (Japan): Produces specialty oils and fats for food applications, including culinary oils and processed food ingredients.
• Mewah International Inc. (Singapore): Supplies refined oils and fats to food manufacturers and distributors globally, with a strong focus on sustainable sourcing.

Recent Developments

• In July 2025, ÄIO, an Estonian biotechnology firm, received €1 million in funding from the government-supported RUP program to advance sustainable, non-animal fats and oils for cosmetics and industrial uses. (Source: https://en.ain.ua)
• In May 2025, the US Seed Oil Free Alliance created a product finder webpage for locating Seed Oil Free Certified products, restaurants, and wholesalers. (Source: https://www.ofimagazine.com)
• In June 2021, Cargill spread out plans to fabricate another USD 200 million palm petroleum treatment facility in Indonesia to speed up its endeavors to foster a reasonable palm store network and give checked sans deforestation items to clients.
• In May 2021, ADM wanted to fabricate its very first committed soybean squashing and processing plant in the US to fulfill the quickly developing need from food, feed, modern and biofuel clients, including makers of sustainable diesel.
• In December 2018, Richardson International procured Wesson Oil brand of Conagra Food Inc. which is a notorious eatable oil brand in the US. The item offering incorporates vegetable oils, canola oils, corn, and mixed oils which would assist Richardson with laying out serious areas of strength for an in the North American market.

Segments Covered in the Report

By Type

• Vegetable Oils
• Palm Oil
• Soybean Oil
• Sunflower Oil
• Rapeseed Oil
• Olive Oil
• Other Oils
• Fats
• Butter & Margarine
• Lard
• Tallow & Grease
• Other Fats

By Application

• Food
• Bakery & Confectionary
• Bakery
• Confectionery
• Processed Food
• Snacks & Savory
• R.T.E foods/Convenience foods
• Sauces, spreads, and dressings
• Other foods (incl. meat products)
• Industrial
• Biodiesel
• Other Industrial
• Oleochemicals
• Animal feed

By Form

• Liquid
• Solid

By Source

• Vegetables
• Animals

By Region

• North America
• Latin America
• Europe
• Asia-pacific
• Middle and East Africa