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Global Fats & Oils Market Size Study by Type (Vegetable Oils, Fats), Source (Vegetables, Animals), State (Liquid, Solid), Application (Food, Industrial), Price Sensitivity, and Regional Forecasts 2024-2034

Publisher Factview Research
Published Jun 27, 2025
Length 285 Pages
SKU # FAVR20179432

Description

The Global Fats & Oils Market is valued at approximately USD 275.42 billion in 2024 and is projected to grow at a compound annual growth rate (CAGR) of 4.0% over the forecast period 2024-2034. Fats and oils, pivotal to human consumption and industrial applications, serve as essential nutritional components and functional ingredients. Their versatility spans culinary applications, biodiesel production, and industrial processes. Increasing consumer demand for plant-based and sustainably sourced oils, coupled with a rising global population, is driving market growth. Additionally, the surge in health-conscious lifestyles is boosting the popularity of premium oils such as olive and avocado oils.

The fats and oils industry is undergoing a transformation driven by advancements in extraction technologies and the adoption of sustainable practices. This transformation addresses both environmental concerns and consumer preferences for ethical sourcing. Innovations in hybrid oilseed cultivation and enzymatic oil extraction are improving yields while minimizing waste. The growing demand for biodiesel is creating new revenue streams for fats and oils producers, leveraging waste oils and non-edible fats for sustainable energy solutions. Furthermore, evolving dietary trends, including keto and vegan diets, are amplifying the demand for niche oil types. However, challenges such as price volatility in raw materials and stringent regulatory standards persist, necessitating strategic adaptability within the market.

Globally, the market exhibits varied regional trends. In 2024, Asia Pacific held the largest market share, primarily driven by its vast population base, expanding food processing industries, and the dominance of palm and soybean oil production in countries such as Indonesia and Malaysia. North America, characterized by high consumption of vegetable oils and growing demand for biodiesel, contributes significantly to market revenues. Meanwhile, Europe stands as a hub for premium oils, underpinned by its emphasis on organic and high-quality products. Latin America is an emerging player, with its robust agricultural base and increasing investments in oilseed production.

Major market players included in this report are:
  • Wilmar International Limited
  • Archer Daniels Midland Company
  • Bunge Limited
  • Cargill, Incorporated
  • AAK AB
  • Fuji Oil Co., Ltd.
  • Koninklijke DSM N.V.
  • Associated British Foods plc
  • Olam International
  • Louis Dreyfus Company
  • Marico Limited
  • Unilever PLC
  • IOI Group Berhad
  • BASF SE
  • The Procter & Gamble Company
The detailed segments and sub-segments of the market are explained below:

By Type:
  • Vegetable Oils
  • Fats
By Source:
  • Vegetables
  • Animals
By State:
  • Liquid
  • Solid
By Application:
  • Food
  • Industrial
By Price Sensitivity:
  • Premium Products
  • Economical Products
By Region:

North America
  • U.S.
  • Canada
Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of Asia Pacific
Latin America
  • Brazil
  • Mexico
Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa
Years considered for the study are as follows:

Historical year – 2022

Base year – 2024

Forecast period – 2024 to 2034

Key Takeaways:
  • Comprehensive market estimates and forecasts for 10 years from 2022 to 2032.
  • Regional and country-level analysis for each market segment.
  • Insights into competitive dynamics, including profiles of major players.
  • Detailed segmentation and sub-segmentation for nuanced understanding.
  • Strategic recommendations for stakeholders and market entrants.
  • Analysis of demand-side and supply-side drivers shaping the market.

Table of Contents

285 Pages
Chapter 1. Global Fats & Oils Market Executive Summary
1.1. Global Fats & Oils Market Size & Forecast (2024-2034)
1.2. Regional Summary
1.3. Segmental Summary
1.3.1. By Type
1.3.2. By Source
1.3.3. By State
1.3.4. By Application
1.3.5. By Price Sensitivity
1.4. Key Trends
1.5. Recession Impact
1.6. Investment Analysis
1.7. Investment Rationale
1.8. Analyst Recommendation & Conclusion
Chapter 2. Global Fats & Oils Market Definition and Research Assumptions
2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
2.3.1. Inclusion & Exclusion
2.3.2. Limitations
2.3.3. Supply Side Analysis
2.3.3.1. Availability
2.3.3.2. Infrastructure
2.3.3.3. Regulatory Environment
2.3.3.4. Market Competition
2.3.3.5. Economic Viability (Consumer’s Perspective)
2.3.4. Demand Side Analysis
2.3.4.1. Regulatory Frameworks
2.3.4.2. Technological Advancements
2.3.4.3. Environmental Considerations
2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates
Chapter 3. Global Fats & Oils Market Dynamics
3.1. Market Drivers
3.1.1. Increasing Consumer Demand for Plant-based and Sustainably Sourced Oils
3.1.2. Rising Global Population Driving Food Demand
3.1.3. Growing Health-conscious Lifestyles Boosting Premium Oils Demand
3.2. Market Challenges
3.2.1. Price Volatility in Raw Materials
3.2.2. Stringent Regulatory Standards
3.3. Market Opportunities
3.3.1. Advancements in Extraction Technologies
3.3.2. Adoption of Sustainable Practices and Ethical Sourcing
3.3.3. Growing Demand for Biodiesel and Alternative Energy Sources
Chapter 4. Global Fats & Oils Market Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model
4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.2.5. Environmental
4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Fats & Oils Market Size & Forecasts by Type 2024-2034
5.1. Segment Dashboard
5.2. Global Fats & Oils Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
5.2.1. Vegetable Oils
5.2.2. Fats
Chapter 6. Global Fats & Oils Market Size & Forecasts by Source 2024-2034
6.1. Segment Dashboard
6.2. Global Fats & Oils Market: Source Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
6.2.1. Vegetables
6.2.2. Animals
Chapter 7. Global Fats & Oils Market Size & Forecasts by State 2024-2034
7.1. Segment Dashboard
7.2. Global Fats & Oils Market: State Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
7.2.1. Liquid
7.2.2. Solid
Chapter 8. Global Fats & Oils Market Size & Forecasts by Application 2024-2034
8.1. Segment Dashboard
8.2. Global Fats & Oils Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
8.2.1. Food
8.2.2. Industrial
Chapter 9. Global Fats & Oils Market Size & Forecasts by Price Sensitivity 2024-2034
9.1. Segment Dashboard
9.2. Global Fats & Oils Market: Price Sensitivity Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
9.2.1. Premium Products
9.2.2. Economical Products
Chapter 10. Global Fats & Oils Market Size & Forecasts by Region 2024-2034
10.1. North America Fats & Oils Market
10.1.1. U.S. Fats & Oils Market
10.1.1.1. Type Breakdown Size & Forecasts, 2024-2034
10.1.1.2. Source Breakdown Size & Forecasts, 2024-2034
10.1.1.3. State Breakdown Size & Forecasts, 2024-2034
10.1.1.4. Application Breakdown Size & Forecasts, 2024-2034
10.1.1.5. Price Sensitivity Breakdown Size & Forecasts, 2024-2034
10.1.2. Canada Fats & Oils Market
10.1.2.1. Type Breakdown Size & Forecasts, 2024-2034
10.1.2.2. Source Breakdown Size & Forecasts, 2024-2034
10.1.2.3. State Breakdown Size & Forecasts, 2024-2034
10.1.2.4. Application Breakdown Size & Forecasts, 2024-2034
10.1.2.5. Price Sensitivity Breakdown Size & Forecasts, 2024-2034
10.2. Europe Fats & Oils Market
10.2.1. UK Fats & Oils Market
10.2.2. Germany Fats & Oils Market
10.2.3. France Fats & Oils Market
10.2.4. Spain Fats & Oils Market
10.2.5. Italy Fats & Oils Market
10.2.6. Rest of Europe Fats & Oils Market
10.3. Asia-Pacific Fats & Oils Market
10.3.1. China Fats & Oils Market
10.3.2. India Fats & Oils Market
10.3.3. Japan Fats & Oils Market
10.3.4. Australia Fats & Oils Market
10.3.5. South Korea Fats & Oils Market
10.3.6. Rest of Asia Pacific Fats & Oils Market
10.4. Latin America Fats & Oils Market
10.4.1. Brazil Fats & Oils Market
10.4.2. Mexico Fats & Oils Market
10.4.3. Rest of Latin America Fats & Oils Market
10.5. Middle East & Africa Fats & Oils Market
10.5.1. Saudi Arabia Fats & Oils Market
10.5.2. South Africa Fats & Oils Market
10.5.3. Rest of Middle East & Africa Fats & Oils Market
Chapter 11. Competitive Intelligence
11.1. Key Company SWOT Analysis
11.1.1. Wilmar International Limited
11.1.2. Archer Daniels Midland Company
11.1.3. Bunge Limited
11.2. Top Market Strategies
11.3. Company Profiles
11.3.1. Wilmar International Limited
11.3.1.1. Key Information
11.3.1.2. Overview
11.3.1.3. Financial (Subject to Data Availability)
11.3.1.4. Product Summary
11.3.1.5. Market Strategies
11.3.2. Cargill, Incorporated
11.3.3. AAK AB
11.3.4. Fuji Oil Co., Ltd.
11.3.5. Koninklijke DSM N.V.
11.3.6. Associated British Foods plc
11.3.7. Olam International
11.3.8. Louis Dreyfus Company
11.3.9. Marico Limited
11.3.10. Unilever PLC
11.3.11. IOI Group Berhad
11.3.12. BASF SE
11.3.13. The Procter & Gamble Company
11.3.14. Bunge Limited
11.3.15. Archer Daniels Midland Company
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
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