Cooking Oil Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Description

The global cooking oil market is poised for promising growth in the short term, driven by multiple factors that are reshaping the industry. This report provides valuable insights into the anticipated growth trajectory of the market over the next few years.

Rising Demand for Processed Foods and Sustainable Production

The consumption of processed foods is a pivotal driver of the cooking oil market's accelerated growth. A preference for packaged foods has led to increased adoption of various cooking oils in small food chains, restaurants, and households. This trend has given a significant boost to the market. Additionally, the global demand for vegetable oils is on the rise due to increased sales of processed food products.

Manufacturers are also focusing on refining procedures and improving cooking oil quality to achieve sustainability. Advanced refining methods utilizing new technology are being employed to extend the shelf life of cooking oils while maintaining quality and clean label status. Addressing land use issues in cooking oil production is also influencing the market's growth.

Palm Oil Sales as a Major Contributor to Value Growth

Palm oil consumption has been steadily increasing and is expected to continue its upward trend. Major exporters include Malaysia and Indonesia, while key importers are countries such as India, China, the Netherlands, Italy, Pakistan, Egypt, Kenya, the United States, Russia, Germany, and Belgium. The sales of palm oil are mainly due to its competitive pricing compared to other types of cooking oils. This robust import-export scenario is projected to significantly contribute to the overall revenue growth of the cooking oil market.

Asia Pacific: A Lucrative Region for Cooking Oil Market

Asia Pacific is poised to hold a substantial value share in the cooking oil market. Dietary shifts, improved living standards, and increased consumption of processed foods are driving demand in the region. Growing awareness of the benefits of vegetable oil consumption is also boosting sales in emerging economies like India and China. The vegetable oil markets in India and China are experiencing remarkable growth, creating potential opportunities for the cooking oil market.

The region's consumption of fish oil is also expected to rise, driven by the aquaculture sector's progress in countries like Indonesia, Vietnam, India, and China. Health-conscious consumers are also turning to fish oil as a nutritional supplement. Olive oil and its variants are gaining traction due to their nutritional advantages, leading to additional imports despite high regional production.

Competitive Landscape and Growth Strategies

Key players in the cooking oil market are adopting growth strategies such as new product launches, acquisitions, mergers, and collaborations to gain a competitive edge. For instance, Bunge India launched Hudson Canola Oil high in Omega 3, mono-unsaturated fatty acids, and antioxidants. IFFCO's acquisition of 3F Fuji Foods India aims to strengthen its market position. Cargill's acquisition of an edible oil refinery and plans for a new palm oil production facility in Indonesia showcase its expansion efforts.

Major players in the market include: Cargill Inc., Bunge Limited, IFFCO Group, Wilmar International Ltd., Archer Daniels Midland Company, Fuji Oil Company Ltd., Olam International Limited, and Ottogi Co. Ltd.

With rising demand for processed foods, sustainable production practices, and increasing consumption of palm oil and other vegetable oils, the cooking oil market is set to experience significant growth. The Asia Pacific region, in particular, holds substantial potential due to dietary changes, increased awareness, and shifting consumption patterns. The industry's key players are actively pursuing strategic initiatives to capture growth opportunities and enhance their market positions.

1. Executive Summary

1.1. Global Cooking Oil Market Snapshot
1.2. Key Market Trends
1.3. Future Projections
1.4. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
  - 2.2.1.1. Driver A
  - 2.2.1.2. Driver B
  - 2.2.1.3. Driver C
- 2.2.2. Restraints
  - 2.2.2.1. Restraint 1
  - 2.2.2.2. Restraint 2
- 2.2.3. Market Opportunities Matrix
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
- 2.5.1. Pre-Covid and Post-Covid Scenario
- 2.5.2. Supply Impact
- 2.5.3. Demand Impact
2.6. Government Regulations
2.7. Technology Landscape
2.8. Used Cooking Oil (UCO) Market Outlook
2.9. Economic Analysis
2.10. PESTLE

3. Production Output and Trade Statistics, 2018-2022

3.1. Regional Production Statistics
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. Middle East & Africa
3.2. Trade Statistics

4. Price Trends Analysis and Future Projects, 2018 - 2030

4.1. Key Highlights
4.2. Prominent Factors Affecting Prices
4.3. By Product
4.4. By Region

5. Global Cooking Oil Market Outlook, 2018 - 2030

5.1. Global Cooking Oil Market Outlook, by Product, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 5.1.1. Key Highlights
  - 5.1.1.1. Palm Oil
  - 5.1.1.2. Soybean Oil
  - 5.1.1.3. Sunflower Oil
  - 5.1.1.4. Peanut Oil
  - 5.1.1.5. Olive Oil
  - 5.1.1.6. Corn (Maize) Oil
  - 5.1.1.7. Rapeseed (Canola) Oil
  - 5.1.1.8. Misc.
5.2. Global Cooking Oil Market Outlook, by Distribution Channel, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 5.2.1. Key Highlights
  - 5.2.1.1. B2B
  - 5.2.1.2. B2C
5.3. Global Cooking Oil Market Outlook, by End-user Type, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 5.3.1. Key Highlights
  - 5.3.1.1. Domestic
  - 5.3.1.2. Foodservice
  - 5.3.1.3. Food Processing
- 5.3.2. BPS/Market Attractiveness Analysis
5.4. Global Cooking Oil Market Outlook, by Region, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 5.4.1. Key Highlights
  - 5.4.1.1. North America
  - 5.4.1.2. Europe
  - 5.4.1.3. Asia Pacific
  - 5.4.1.4. Latin America
  - 5.4.1.5. Middle East & Africa
- 5.4.2. BPS/Market Attractiveness Analysis

6. North America Cooking Oil Market Outlook, 2018 - 2030

6.1. North America Cooking Oil Market Outlook, by Product, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 6.1.1. Key Highlights
  - 6.1.1.1. Palm Oil
  - 6.1.1.2. Soybean Oil
  - 6.1.1.3. Sunflower Oil
  - 6.1.1.4. Peanut Oil
  - 6.1.1.5. Olive Oil
  - 6.1.1.6. Corn (Maize) Oil
  - 6.1.1.7. Rapeseed (Canola) Oil
  - 6.1.1.8. Misc.
6.2. North America Cooking Oil Market Outlook, by Distribution Channel, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 6.2.1. Key Highlights
  - 6.2.1.1. B2B
  - 6.2.1.2. B2C
6.3. North America Cooking Oil Market Outlook, by End-user Type, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 6.3.1. Key Highlights
  - 6.3.1.1. Domestic
  - 6.3.1.2. Foodservice
  - 6.3.1.3. Food Processing
6.4. North America Cooking Oil Market Outlook, by Country, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 6.4.1. Key Highlights
  - 6.4.1.1. U.S.
  - 6.4.1.2. Canada
- 6.4.2. BPS/Market Attractiveness Analysis

7. Europe Cooking Oil Market Outlook, 2018 - 2030

7.1. Europe Cooking Oil Market Outlook, by Product, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 7.1.1. Key Highlights
  - 7.1.1.1. Palm Oil
  - 7.1.1.2. Soybean Oil
  - 7.1.1.3. Sunflower Oil
  - 7.1.1.4. Peanut Oil
  - 7.1.1.5. Olive Oil
  - 7.1.1.6. Corn (Maize) Oil
  - 7.1.1.7. Rapeseed (Canola) Oil
  - 7.1.1.8. Misc.
7.2. Europe Cooking Oil Market Outlook, by Distribution Channel, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 7.2.1. Key Highlights
  - 7.2.1.1. B2B
  - 7.2.1.2. B2C
7.3. Europe Cooking Oil Market Outlook, by End-user Type, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 7.3.1. Key Highlights
  - 7.3.1.1. Domestic
  - 7.3.1.2. Foodservice
  - 7.3.1.3. Food Processing
7.4. Europe Cooking Oil Market Outlook, by Country, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 7.4.1. Key Highlights
  - 7.4.1.1. Germany
  - 7.4.1.2. France
  - 7.4.1.3. U.K.
  - 7.4.1.4. Italy
  - 7.4.1.5. Spain
  - 7.4.1.6. Russia
  - 7.4.1.7. Rest of Europe
- 7.4.2. BPS/Market Attractiveness Analysis

8. Asia Pacific Cooking Oil Market Outlook, 2018 - 2030

8.1. Asia Pacific Cooking Oil Market Outlook, by Product, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 8.1.1. Key Highlights
  - 8.1.1.1. Palm Oil
  - 8.1.1.2. Soybean Oil
  - 8.1.1.3. Sunflower Oil
  - 8.1.1.4. Peanut Oil
  - 8.1.1.5. Olive Oil
  - 8.1.1.6. Corn (Maize) Oil
  - 8.1.1.7. Rapeseed (Canola) Oil
  - 8.1.1.8. Misc.
8.2. Asia Pacific Cooking Oil Market Outlook, by Distribution Channel, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 8.2.1. Key Highlights
  - 8.2.1.1. B2B
  - 8.2.1.2. B2C
8.3. Asia Pacific Cooking Oil Market Outlook, by End-user Type, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 8.3.1. Key Highlights
  - 8.3.1.1. Domestic
  - 8.3.1.2. Foodservice
  - 8.3.1.3. Food Processing
8.4. Asia Pacific Cooking Oil Market Outlook, by Country, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 8.4.1. Key Highlights
  - 8.4.1.1. China
  - 8.4.1.2. Japan
  - 8.4.1.3. South Korea
  - 8.4.1.4. India
  - 8.4.1.5. Southeast Asia
  - 8.4.1.6. Rest of Asia Pacific
- 8.4.2. BPS/Market Attractiveness Analysis

9. Latin America Cooking Oil Market Outlook, 2018 - 2030

9.1. Latin America Cooking Oil Market Outlook, by Product, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 9.1.1. Key Highlights
  - 9.1.1.1. Palm Oil
  - 9.1.1.2. Soybean Oil
  - 9.1.1.3. Sunflower Oil
  - 9.1.1.4. Peanut Oil
  - 9.1.1.5. Olive Oil
  - 9.1.1.6. Corn (Maize) Oil
  - 9.1.1.7. Rapeseed (Canola) Oil
  - 9.1.1.8. Misc.
9.2. Latin America Cooking Oil Market Outlook, by Distribution Channel, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 9.2.1. Key Highlights
  - 9.2.1.1. B2B
  - 9.2.1.2. B2C
9.3. Latin America Cooking Oil Market Outlook, by End-user Type, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 9.3.1. Key Highlights
  - 9.3.1.1. Domestic
  - 9.3.1.2. Foodservice
  - 9.3.1.3. Food Processing
9.4. Latin America Cooking Oil Market Outlook, by Country, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 9.4.1. Key Highlights
  - 9.4.1.1. Brazil
  - 9.4.1.2. Mexico
  - 9.4.1.3. Rest of Latin America
- 9.4.2. BPS/Market Attractiveness Analysis

10. Middle East & Africa Cooking Oil Market Outlook, 2018 - 2030

10.1. Middle East & Africa Cooking Oil Market Outlook, by Product, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 10.1.1. Key Highlights
  - 10.1.1.1. Palm Oil
  - 10.1.1.2. Soybean Oil
  - 10.1.1.3. Sunflower Oil
  - 10.1.1.4. Peanut Oil
  - 10.1.1.5. Olive Oil
  - 10.1.1.6. Corn (Maize) Oil
  - 10.1.1.7. Rapeseed (Canola) Oil
  - 10.1.1.8. Misc.
10.2. Middle East & Africa Cooking Oil Market Outlook, by Distribution Channel, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 10.2.1. Key Highlights
  - 10.2.1.1. B2B
  - 10.2.1.2. B2C
10.3. Middle East & Africa Cooking Oil Market Outlook, by End-user Type, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 10.3.1. Key Highlights
  - 10.3.1.1. Domestic
  - 10.3.1.2. Foodservice
  - 10.3.1.3. Food Processing
10.4. Middle East & Africa Cooking Oil Market Outlook, by Country, Volume (Mn Ltr.) and Value (US$ Mn), 2018 - 2030
- 10.4.1. Key Highlights
  - 10.4.1.1. GCC
  - 10.4.1.2. South Africa
  - 10.4.1.3. Rest of Middle East & Africa
- 10.4.2. BPS/Market Attractiveness Analysis

11. Competitive Landscape

11.1. Company Market Share Analysis, 2022
11.2. Competitive Dashboard
11.3. Company Profiles
- 11.3.1. ConAgra Brands Inc.
  - 11.3.1.1. Company Overview
  - 11.3.1.2. Product Portfolio
  - 11.3.1.3. Financial Overview
  - 11.3.1.4. Business Strategies and Development
- 11.3.2. Cargill Inc.
- 11.3.3. Archer Daniels Midland Company
- 11.3.4. Deoleo SA
- 11.3.5. Adani Wilmar
- 11.3.6. Bunge Limited
- 11.3.7. COFCO
- 11.3.8. Borges International Group
- 11.3.9. Kaneka Corporation
- 11.3.10. Fuji Oil Co. Ltd.
- 11.3.11. Sovena Group
- 11.3.12. Shandong Luhua Group
- 11.3.13. Musim Mas Group

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations