Hydrogenated Vegetable Oil Market Size, Share, Trends, & Industry Analysis Report By Grade (Unfractionated, Fractionated, and Others), By End Use, By Region

Description

List of Tables

The global hydrogenated vegetable oil market is expected to reach USD 68.49 billion by 2034, according to a new study by Polaris Market Research. The report "Hydrogenated Vegetable Oil Market Size, Share, Trends, & Industry Analysis Report By Grade (Unfractionated, Fractionated, and Others), By End Use, By Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The hydrogenated vegetable oil industry centers around the production and use of vegetable oils that have been chemically modified through a process called hydrogenation. This process adds hydrogen atoms to the oil's molecular structure, transforming liquid oils into semi-solid or solid fats. This alteration enhances their stability, increases their shelf life, and modifies their textural properties, making them suitable for a wide range of applications in various industries.

The overall hydrogenated vegetable oil market continues to experience increased demand, largely driven by its extensive end-use applications and evolving industry trends. Key market dynamics include persistent demand from the food and beverage sector, where these oils are valued for enhancing product consistency and extending freshness. Furthermore, the growing global movement toward renewable energy solutions is significantly boosting the use of hydrogenated vegetable oil as a renewable fuel. These factors collectively influence the ongoing development and expansion of the industry.

Report Highlights:

By grade, the unfractionated segment held the largest share of approximately 45% in 2024 due to its extensive use in various food and personal care applications.

By end use, the food & beverage segment is the primary consumer of hydrogenated vegetable oil, consistently holding the largest share of more than 50% in 2024.

The Asia Pacific hydrogenated vegetable oil market held a dominant position globally in 2024, accounting for more than 35% of the market share. The regional market expansion is driven by the region's rapidly expanding food processing industry, coupled with increasing population and urbanization trends that fuel demand for convenience and packaged food products.

A few key players in the industry include Archer Daniels Midland Company (ADM), Cargill, Bunge Loders Croklaan (Bunge Limited), Wilmar International, Louis Dreyfus Company, IOI Group, AAK, Musim Mas, Oleo-Fats Incorporated, Fuji Oil Holdings, and Mitsui & Co.

Polaris Market Research has segmented the hydrogenated vegetable oil market report on the basis of grade, end use, and region:

By Grade Outlook (Revenue - USD Billion, 2020-2034)

Unfractionated

Fractionated

Others

By End Use Outlook (Revenue - USD Billion, 2020-2034)

Food & Beverage

Personal Care and Cosmetics

Industrial

Others

By Regional Outlook (Revenue - USD Billion, 2020-2034)

North America

Canada

Europe

Germany

France

Italy

Spain

Netherlands

Russia

Rest of Europe

Asia Pacific

China

Japan

India

Malaysia

South Korea

Indonesia

Australia

Vietnam

Rest of Asia Pacific

Middle East & Africa

Saudi Arabia

UAE

Israel

South Africa

Rest of Middle East & Africa

Latin America

Mexico

Brazil

Argentina

Rest of Latin America

Product Code: PM5787

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Hydrogenated Vegetable Oil Market Insights

4.1. Hydrogenated Vegetable Oil Market - Market Snapshot
4.2. Hydrogenated Vegetable Oil Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Expanding Demand from the Food and Beverage Industry
  - 4.2.1.2. Growing Adoption as a Sustainable Biofuel
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. Health Concerns and Regulatory Pressure
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Hydrogenated Vegetable Oil Market Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Hydrogenated Vegetable Oil Market, by Grade

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
5.3. Unfractionated
- 5.3.1. Global Hydrogenated Vegetable Oil Market, by Unfractionated, by Region, 2020-2034 (USD Billion)
5.4. Fractionated
- 5.4.1. Global Hydrogenated Vegetable Oil Market, by Fractionated, by Region, 2020-2034 (USD Billion)
5.5. Others
- 5.5.1. Global Hydrogenated Vegetable Oil Market, by Others, by Region, 2020-2034 (USD Billion)

6. Global Hydrogenated Vegetable Oil Market, by End Use

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
6.3. Food & Beverage
- 6.3.1. Global Hydrogenated Vegetable Oil Market, by Food & Beverage, by Region, 2020-2034 (USD Billion)
6.4. Personal Care and Cosmetics
- 6.4.1. Global Hydrogenated Vegetable Oil Market, by Personal Care and Cosmetics, by Region, 2020-2034 (USD Billion)
6.5. Industrial
- 6.5.1. Global Hydrogenated Vegetable Oil Market, by Industrial, by Region, 2020-2034 (USD Billion)
6.6. Others
- 6.6.1. Global Hydrogenated Vegetable Oil Market, by Others, by Region, 2020-2034 (USD Billion)

7. Global Hydrogenated Vegetable Oil Market, by Geography

7.1. Key Findings
7.2. Introduction
- 7.2.1. Hydrogenated Vegetable Oil Market Assessment, By Geography, 2020-2034 (USD Billion)
7.3. Hydrogenated Vegetable Oil Market - North America
- 7.3.1. North America: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
- 7.3.2. North America: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.3.3. Hydrogenated Vegetable Oil Market - U.S.
  - 7.3.3.1. U.S.: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.3.3.2. U.S.: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.3.4. Hydrogenated Vegetable Oil Market - Canada
  - 7.3.4.1. Canada: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.3.4.2. Canada: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
7.4. Hydrogenated Vegetable Oil Market - Europe
- 7.4.1. Europe: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
- 7.4.2. Europe: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.4.3. Hydrogenated Vegetable Oil Market - UK
  - 7.4.3.1. UK: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.4.3.2. UK: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.4.4. Hydrogenated Vegetable Oil Market - France
  - 7.4.4.1. France: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.4.4.2. France: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.4.5. Hydrogenated Vegetable Oil Market - Germany
  - 7.4.5.1. Germany: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.4.5.2. Germany: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.4.6. Hydrogenated Vegetable Oil Market - Italy
  - 7.4.6.1. Italy: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.4.6.2. Italy: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.4.7. Hydrogenated Vegetable Oil Market - Spain
  - 7.4.7.1. Spain: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.4.7.2. Spain: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.4.8. Hydrogenated Vegetable Oil Market - Netherlands
  - 7.4.8.1. Netherlands: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.4.8.2. Netherlands: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.4.9. Hydrogenated Vegetable Oil Market - Russia
  - 7.4.9.1. Russia: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.4.9.2. Russia: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.4.10. Hydrogenated Vegetable Oil Market - Rest of Europe
  - 7.4.10.1. Rest of Europe: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.4.10.2. Rest of Europe: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
7.5. Hydrogenated Vegetable Oil Market - Asia Pacific
- 7.5.1. Asia Pacific: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
- 7.5.2. Asia Pacific: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.5.3. Hydrogenated Vegetable Oil Market - China
  - 7.5.3.1. China: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.5.3.2. China: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.5.4. Hydrogenated Vegetable Oil Market - India
  - 7.5.4.1. India: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.5.4.2. India: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.5.5. Hydrogenated Vegetable Oil Market - Malaysia
  - 7.5.5.1. Malaysia: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.5.5.2. Malaysia: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.5.6. Hydrogenated Vegetable Oil Market - Japan
  - 7.5.6.1. Japan: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.5.6.2. Japan: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.5.7. Hydrogenated Vegetable Oil Market - Indonesia
  - 7.5.7.1. Indonesia: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.5.7.2. Indonesia: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.5.8. Hydrogenated Vegetable Oil Market - South Korea
  - 7.5.8.1. South Korea: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.5.8.2. South Korea: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.5.9. Hydrogenated Vegetable Oil Market - Australia
  - 7.5.9.1. Australia: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.5.9.2. Australia: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.5.10. Hydrogenated Vegetable Oil Market - Rest of Asia Pacific
  - 7.5.10.1. Rest of Asia Pacific: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.5.10.2. Rest of Asia Pacific: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
7.6. Hydrogenated Vegetable Oil Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
- 7.6.2. Middle East & Africa: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.6.3. Hydrogenated Vegetable Oil Market - Saudi Arabia
  - 7.6.3.1. Saudi Arabia: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.6.3.2. Saudi Arabia: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.6.4. Hydrogenated Vegetable Oil Market - UAE
  - 7.6.4.1. UAE: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.6.4.2. UAE: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.6.5. Hydrogenated Vegetable Oil Market - Israel
  - 7.6.5.1. Israel: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.6.5.2. Israel: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.6.6. Hydrogenated Vegetable Oil Market - South Africa
  - 7.6.6.1. South Africa: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.6.6.2. South Africa: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.6.7. Hydrogenated Vegetable Oil Market - Rest of Middle East & Africa
  - 7.6.7.1. Rest of Middle East & Africa: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.6.7.2. Rest of Middle East & Africa: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
7.7. Hydrogenated Vegetable Oil Market - Latin America
- 7.7.1. Latin America: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
- 7.7.2. Latin America: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.7.3. Hydrogenated Vegetable Oil Market - Mexico
  - 7.7.3.1. Mexico: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.7.3.2. Mexico: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.7.4. Hydrogenated Vegetable Oil Market - Brazil
  - 7.7.4.1. Brazil: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.7.4.2. Brazil: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.7.5. Hydrogenated Vegetable Oil Market - Argentina
  - 7.7.5.1. Argentina: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.7.5.2. Argentina: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)
- 7.7.6. Hydrogenated Vegetable Oil Market - Rest of Latin America
  - 7.7.6.1. Rest of Latin America: Hydrogenated Vegetable Oil Market, by Grade, 2020-2034 (USD Billion)
  - 7.7.6.2. Rest of Latin America: Hydrogenated Vegetable Oil Market, by End Use, 2020-2034 (USD Billion)

8. Competitive Landscape

8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

9.1. AAK
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
9.2. Archer Daniels Midland Company (ADM)
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
9.3. Bunge Loders Croklaan (Bunge Limited)
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
9.4. Cargill
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
9.5. Fuji Oil Holdings
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
9.6. IOI Group
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
9.7. Louis Dreyfus Company
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
9.8. Mitsui & Co.
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
9.9. Musim Mas
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
9.10. Oleo-Fats Incorporated
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
9.11. Wilmar International
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development