Cooking Oil Market Growth, Size, Trends, Revenue, Price, Scope, Challenges and Future Competition

Cooking Oil Market Size- By Type, By Distribution Channel, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Cooking Oil Market Size- By Type, By Distribution Channel, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033

Published: Dec 2022 Report ID: FOOD2227 Pages: 1 - 230 Formats*:     
Category : Food & Beverages
Cooking Oil Market Introduction and Overview 

According to SPER Market Research, the Global Cooking Oil Market is estimated to reach USD 328.54 billion by 2033 with a CAGR of 5.92%.

The report includes an in-depth analysis of the Global Cooking Oil Market, including market size and trends, product mix, distribution channels, and supplier analysis. Cooking oil is a man-made fat that is utilized in cooking, baking, food preparation, and enhancing the flavor of dishes. It consists of different combinations of fatty acids and is derived from various sources such as palm, canola, sunflower, soybean, and avocado. These oils offer numerous health advantages and are extensively employed in the food industry. The market growth is primarily fueled by the growing demand for organic and healthier options with unsaturated fats. 

  • NMEOOP: In August 2021, the Indian government has introduced a new initiative called the National Edible Oil Mission Oil Palm (NMEOOP) to boost palm oil production and enhance agricultural income. By promoting domestic palm oil cultivation, the plan aims to reduce the country's dependence on imports and provide farmers with opportunities to capitalize on the lucrative market.
  • November 2021: Cargill completed the acquisition of an edible oil refinery situated in Nellore, Andhra Pradesh. By investing in the acquisition and upgrading of the facility, Cargill aims to substantially increase its production capacity and market presence in the southern region of India. This strategic move will enhance Cargill's existing supply chain and enable the company to meet the rising customer demand for edible oil products in the area.
 Cooking Oil Market
Market Opportunities and Challenges
For market participants, the global cooking oil market offers both opportunities and difficulties. The rising consumer preference for healthier cooking oils is one of the major potential. The demand for cooking oils with advantages such reduced cholesterol level, heart-healthy characteristics, and high nutritional value is rising as people become more health-conscious. Such items have the potential to help businesses gain a sizable market share. The rising disposable incomes and rising living standards of consumers in emerging economies represent another possibility. As customers' purchasing power increases, they are more inclined to spend money on high-end cooking oil goods, such as organic and specialty oils. As a result of this trend, businesses may now provide a wider range of customer demands.

The market for cooking oil, however, also confronts difficulties. The problem of adulteration and fake goods is one of the main obstacles. The tampering of cooking oils with less expensive substitutes endangers consumer health and erodes their faith in the marketplace. To address this issue, tougher rules and quality control procedures must be put in place to guarantee the integrity and purity of cooking oils. The rising level of market competitiveness presents another difficulty. Due to the large number of competitors providing a variety of cooking oil options, businesses must stand out through product innovation, quality, and efficient marketing techniques. To stand out in the fiercely competitive industry, developing brand loyalty and creating a solid distribution network are essential. 

 Cooking Oil Market



Market Competitive Landscape
Key players dominate the market due to their strategic decisions, market share dominance, and strong product portfolios. Cargill Inc., Bunge Limited, and Archer Daniels Midland Company are among the leading players in the industry. To accommodate the rising demand from diverse industries, these businesses are investing in new oilseed crushing plants. To meet the expanding demands of various nations and areas, they place a high priority on R&D and product innovation. As an example, Fuji Oil Holdings recently announced the establishment of its fourth R&D center, which will be located in Europe. This move reflects their commitment to globalize their R&D structure and foster innovation in the oil and fat industry and other business segments. 

Scope of the Report:
 Report Metric Details
 Market size available for years 2019-2033
 Base year considered 2022
 Forecast period 2023-2033
 Segments coveredBy Type, By Distribution Channel, By End User
 Regions coveredAsia-Pacific, Europe, Middle East and Africa, North America, Latin America, Others
 Companies CoveredArcher Daniels Midland Company, Bunge Limited., Cargill, George Weston Foods Limited, Kaneka Corporation, Louis Dreyfus Company, Nutiva, Olam International Limited, SIFCA SA, Sime Darby Plantation, others
COVID-19 Impact on Global Cooking Oil Market
The COVID-19 pandemic had a moderate impact on the cooking oil market, leading to slow growth. The market suffered from disruptions in distribution networks due to complete lockdown conditions, making it challenging for edible oil refiners to sell their products. Additionally, the closure of restaurants, hotels, and roadside food establishments resulted in decreased demand for cooking oil globally. Despite these challenges, several companies have implemented strategic plans to aid in the recovery process and support society during this chaotic situation.

Key Target Audience:
  • Consumers
  • Food and Beverage Industry Professionals
  • Food Manufacturers
  • Health-conscious Consumers
  • Restaurants and Food Service Industry
  • Retailers and Grocers
  • Wholesale Distributors
  • Others
Our in-depth analysis of the Cooking Oil Market includes the following segments:
By Type :
  • Olive Oil
  • Palm Oil
  • Peanut Oil
  • Rapeseed Oil
  • Soybean Oil
  • Sunflower Oil
  • By Distribution Channel :
  • Business to Business
  • Hypermarket/Supermarket
  • Online Sale Channel
  • Retail Stores
  • By End User :
  • Food Processing
  • Food Services
  • Residential
  • Key Topics Covered in the Report:
    • Global Cooking Oil Market Size (FY’2023-FY’2033)
    • Overview of Global Cooking Oil Market
    • Segmentation of Global Cooking Oil Market By Type (Olive Oil, Palm Oil, Peanut Oil, Rapeseed Oil, Soybean Oil, Sunflower Oil, Others)
    • Segmentation of Global Cooking Oil Market By Distribution Channel (Business to Business, Hypermarket/Supermarket, Online Sale Channel, Retail Stores)
    • Segmentation of Global Cooking Oil Market By End User (Food Processing, Food Services, Residential, Others)
    • Statistical Snap of Global Cooking Oil Market
    • Expansion Analysis of Global Cooking Oil Market
    • Problems and Obstacles in Global Cooking Oil Market
    • Competitive Landscape in the Global Cooking Oil Market
    • Impact of COVID-19 and Demonetization on Global Cooking Oil Market
    • Details on Current Investment in Global Cooking Oil Market
    • Competitive Analysis of Global Cooking Oil Market
    • Prominent Market Players in the Global Cooking Oil Market
    • SWOT Analysis of Global Cooking Oil Market
    • Global Cooking Oil Market Future Outlook and Projections (FY’2023-FY’2033)
    • Recommendations from Analyst
    1. Introduction
    1.1. Scope of the report
    1.2. Market segment analysis

    2. Research Methodology
    2.1. Research data source
    2.1.1. Secondary Data
    2.1.2. Primary Data
    2.1.3. SPER’s internal database
    2.1.4. Premium insight from KOL’s
    2.2. Market size estimation
    2.2.1. Top-down and Bottom-up approach
    2.3. Data triangulation

    3. Executive Summary

    4. Market Dynamics
    4.1. Driver, Restraint, Opportunity and Challenges analysis
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunities
    4.1.4. Challenges
    4.2. COVID-19 Impacts of the Global Cooking Oil Market

    5. Market variable and outlook
    5.1. SWOT Analysis
    5.1.1. Strengths
    5.1.2. Weaknesses
    5.1.3. Opportunities
    5.1.4. Threats
    5.2. PESTEL Analysis
    5.2.1. Political Landscape
    5.2.2. Economic Landscape
    5.2.3. Social Landscape
    5.2.4. Technological Landscape
    5.2.5. Environmental Landscape
    5.2.6. Legal Landscape
    5.3. PORTER’s Five Forces 
    5.3.1. Bargaining power of suppliers
    5.3.2. Bargaining power of buyers
    5.3.3. Threat of Substitute
    5.3.4. Threat of new entrant
    5.3.5. Competitive rivalry
    5.4. Heat Map Analysis

    6. Competitive Landscape
    6.1. Global Cooking Oil Market Manufacturing Base Distribution, Sales Area, Product Type 
    6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Cooking Oil Market

    7. Global Cooking Oil Market, By Type (USD Million)
    7.1. Global Cooking Oil Market Value Share and Forecast, By Type, 2023-2033 
    7.2. Olive Oil
    7.3. Palm Oil
    7.4. Peanut Oil
    7.5. Rapeseed Oil
    7.6. Soybean Oil
    7.7. Sunflower Oil
    7.8. Others

    8. Global Cooking Oil Market, By Distribution Channel (USD Million)
    8.1. Global Cooking Oil Market Value Share and Forecast, By Distribution Channel, 2023-2033
    8.2. Business to Business
    8.3. Hypermarket/Supermarket
    8.4. Online Sale Channel
    8.5. Retail Stores

    9. Global Cooking Oil Market, By End User (USD Million)
    9.1. Global Cooking Oil Market Value Share and Forecast, By End User, 2023-2033
    9.2. Food Processing
    9.3. Food Services
    9.4. Residential
    9.5. Others

    10. Global Cooking Oil Market Forecast, 2019-2033 (USD Million)
    10.1. Global Cooking Oil Market Size and Market Share

    11. Global Cooking Oil Market, By Type, 2019-2033 (USD Million)
    11.1. Global Cooking Oil Market Size and Market Share By Type (2019-2026)
    11.2. Global Cooking Oil Market Size and Market Share By Type (2027-2033)

    12. Global Cooking Oil Market, By Distribution Channel, 2019-2033 (USD Million)
    12.1. Global Cooking Oil Market Size and Market Share By Distribution Channel (2019-2026)
    12.2. Global Cooking Oil Market Size and Market Share By Distribution Channel (2027-2033)

    13. Global Cooking Oil Market, By End User, 2019-2033 (USD Million)
    13.1. Global Cooking Oil Market Size and Market Share By End User (2019-2026)
    13.2. Global Cooking Oil Market Size and Market Share By End User (2027-2033)

    14. Global Cooking Oil Market, By Region, 2019-2033 (USD Million)
    14.1. Global Cooking Oil Market Size and Market Share By Region (2019-2026)
    14.2. Global Cooking Oil Market Size and Market Share By Region (2027-2033)
    14.3. Asia-Pacific
    14.3.1. Australia
    14.3.2. China
    14.3.3. India
    14.3.4. Japan
    14.3.5. South Korea
    14.3.6. Rest of Asia-Pacific
    14.4. Europe
    14.4.1. France
    14.4.2. Germany
    14.4.3. Italy
    14.4.4. Spain
    14.4.5. United Kingdom
    14.4.6. Rest of Europe
    14.5. Middle East and Africa
    14.5.1. Kingdom of Saudi Arabia 
    14.5.2. United Arab Emirates
    14.5.3. Rest of Middle East & Africa
    14.6. North America
    14.6.1. Canada
    14.6.2. Mexico
    14.6.3. United States
    14.7. Latin America
    14.7.1. Argentina
    14.7.2. Brazil
    14.7.3. Rest of Latin America

    15. Company Profile
    15.1. Archer Daniels Midland Company
    15.1.1. Company details
    15.1.2. Financial outlook
    15.1.3. Product summary 
    15.1.4. Recent developments
    15.2. Bunge Limited
    15.2.1. Company details
    15.2.2. Financial outlook
    15.2.3. Product summary 
    15.2.4. Recent developments
    15.3. Cargill
    15.3.1. Company details
    15.3.2. Financial outlook
    15.3.3. Product summary 
    15.3.4. Recent developments
    15.4. George Weston Foods Limited
    15.4.1. Company details
    15.4.2. Financial outlook
    15.4.3. Product summary 
    15.4.4. Recent developments
    15.5. Kaneka Corporation
    15.5.1. Company details
    15.5.2. Financial outlook
    15.5.3. Product summary 
    15.5.4. Recent developments
    15.6. Louis Dreyfus Company
    15.6.1. Company details
    15.6.2. Financial outlook
    15.6.3. Product summary 
    15.6.4. Recent developments
    15.7. Nutiva
    15.7.1. Company details
    15.7.2. Financial outlook
    15.7.3. Product summary 
    15.7.4. Recent developments
    15.8. Olam International Limited
    15.8.1. Company details
    15.8.2. Financial outlook
    15.8.3. Product summary 
    15.8.4. Recent developments
    15.9. SIFCA SA
    15.9.1. Company details
    15.9.2. Financial outlook
    15.9.3. Product summary 
    15.9.4. Recent developments
    15.10. Sime Darby Plantation
    15.10.1. Company details
    15.10.2. Financial outlook
    15.10.3. Product summary 
    15.10.4. Recent developments
    15.11. Others

    16. List of Abbreviations

    17. Reference Links

    18. Conclusion

    19. Research Scope

    SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

    The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings.  The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

    SPER-Methodology-1

    SPER-Methodology-2

    SPER-Methodology-3


    Frequently Asked Questions About This Report
    The Cooking Oil Market is projected to reach USD 328.54 billion by 2033, growing at a CAGR of 5.92% during the forecast period.
    The Cooking Oil Market grew in market size from 2023. The Market is expected to reach USD 328.54 billion by 2033, at a CAGR of 5.92% during the forecast period.
    The Cooking Oil Market CAGR of 5.92% during the forecast period.
    You can get the sample pages by clicking the link - Click Here
    The Cooking Oil Market size is USD 328.54 billion from 2023 to 2033.
    The Cooking Oil Market segment is Covered By Type, By Distribution Channel, By End User
    The North America region is anticipated to have the highest market share in the Cooking Oil Market.
    The key players in the market include Companies Covered Archer Daniels Midland Company, Bunge Limited., Cargill, George Weston Foods Limited, Kaneka Corporation, Louis Dreyfus Company, Nutiva, Olam International Limited, SIFCA SA, Sime Darby Plantation, others
    The discrepancy between cooking oil output and incoming demand is expected to be a growth-restricting factor for the industry.
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