Oils Global Market Report 2026

Oils are fatty liquids obtained from plants, animals, or synthetic substances, commonly employed in frying, baking, and food preparation. While their primary purpose is to extend the shelf life of products, oils also function as natural flavoring ingredients.

The main types of oils include palm oil, soybean oil, canola oil, sunflower oil, and others. Palm oil, a vegetable oil derived from the fruit of oil palm plants, is widely used in various food products such as cakes, chocolates, biscuits, margarine, and fried fats. Oils exist in both liquid and solid forms and originate from diverse sources such as fruits, vegetables, herbs, spices, and flowers. They undergo refinement through various extraction methods such as distillation, carbon dioxide extraction, and cold press extraction. Oils find applications in various industries, including the food industry, biofuels, and others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are impacting the oils market by increasing costs of imported oilseeds, crude edible oils, refining equipment, and packaging materials used across food and biofuel applications. Food processing industries in North America and Europe are most affected due to dependence on imported raw materials, while Asia-Pacific faces pricing volatility in palm and soybean oil trade. These tariffs are increasing retail prices and squeezing processor margins. However, they are also encouraging domestic oilseed cultivation, regional refining capacity expansion, and diversification of sourcing strategies.

The oils market research report is one of a series of new reports from The Business Research Company that provides oils market statistics, including oils industry global market size, regional shares, competitors with a oils market share, detailed oils market segments, market trends and opportunities, and any further data you may need to thrive in the oils industry. This oils market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The oils market size has grown steadily in recent years. It will grow from $86.41 billion in 2025 to $90.2 billion in 2026 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to expansion of global edible oil consumption, increasing use of oils in food processing, growth of large-scale oil refining operations, rising demand for longer shelf-life food products, availability of diverse oilseed crops.

The oils market size is expected to see strong growth in the next few years. It will grow to $110.31 billion in 2030 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to increasing consumer focus on healthy diets, rising demand for plant-based and specialty oils, expansion of biofuel production using edible oils, growing adoption of sustainable oil extraction methods, increasing regulatory scrutiny on food-grade oils. Major trends in the forecast period include increasing demand for health-oriented cooking oils, rising adoption of cold-pressed and natural oils, growing focus on extended shelf-life solutions, expansion of clean-label oil products, enhanced quality control in oil processing.

The increasing demand for food is expected to propel the growth of the oils market going forward. Food refers to substances primarily composed of proteins, carbohydrates, fats, and other nutrients that provide energy and support growth, development, and essential bodily functions. Edible oils such as olive oil, canola oil, and sunflower oil-known for their high content of monounsaturated fats-are widely used in food preparation. These oils help reduce the risk of heart and cardiovascular diseases while supporting healthy cholesterol levels. For instance, 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 increasing from 12.8% in 2022. Therefore, the rising demand for food is driving the growth of the oils market.

Major companies operating in the oils market are focusing on developing innovative solutions such as certified sustainable hard palm kernel oil (HPKO) to meet growing demand for clean-label, low-trans-fat, vegan-friendly, and responsibly sourced edible oils. Certified sustainable HPKO is a specialty palm-kernel-derived fat that offers high oxidative stability and a neutral sensory profile, making it suitable for confectionery and frozen food applications. For example, in February 2023, KTC Edibles Ltd., a UK-based independent manufacturer and distributor of edible oils, launched certified sustainable hard palm kernel oil (KPKO). This 100% vegetable-based oil is vegan-friendly, low in trans fats, and free from additives, allergens, and genetically modified components. Its neutral flavor and odor make it ideal for use in ice cream and confectionery products, blending seamlessly with both dairy-based and plant-based formulations. The launch expanded KTC's premium edible oils and fats portfolio, which also includes products such as the UK's first Halal-certified beef dripping and premium Italian lard.

In April 2023, Groupe Berkem, an Italy-based chemical company, made a strategic move by acquiring Biopress for an undisclosed amount. This acquisition serves to expand Berkem's portfolio in the 'Health, Beauty, and Nutrition' sector, with a particular focus on the cosmetics and nutraceutical markets. Biopress, a France-based producer, specializes in 100% natural vegetable oils and proteins, aligning with Berkem's commitment to offering products with the virtues of oils and the advantages provided by plant proteins.

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

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.

The countries covered in the oils market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada

The oils market consists of sales of clove oil, kerosene, olive oil, coconut oil, petroleum oils, paraffin, and basil oil Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Oils Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses oils market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for oils ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The oils market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered: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
• Companies Mentioned: 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
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Italy; Spain; Canada
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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