How Big is the Vegetable Oil Market | Industry Trends & Growth Insights 2025

How Big is the Vegetable Oil Market?

According to 6Wresearch internal database and industry insights, the Global Vegetable Oil Market was valued at USD 265 Billion in 2024 and is expected to reach USD 345.2 Billion by 2031, growing at a compound annual growth rate of 6.79% during the forecast period (2025-2031).

The increasing demand for cooking oils, biofuels, and growing food industry requirements and advancements in sustainable oil extraction technologies and rising awareness of healthier oil alternatives are all the main factors driven by the market.

Key Growth Drivers of the Vegetable Oil Market

• Increasing consumer demand for plant-based oils
• The rising preference for healthy cooking oils such as olive and sunflower oils
• Growing adoption of vegetable oils for biofuel production
• The awareness regarding health benefits of certain oils, such as high-oleic oils
• Shifting consumer preferences towards sustainable and eco-friendly production processes

Vegetable Oil Market Trends

The Vegetable Oil Market is is witnessing for major growth with notable trends such as consumers continue to seek healthier, plant-based alternatives to traditional animal fats. Oils such as olive, sunflower, and canola are experiencing strong demand due to their perceived health benefits, including lower saturated fat content.

Vegetable oils like palm and soybean remain very important in both the food and biofuel industries. The people become more aware of how their choices affect the environment and their health, the popularity of organic and non-GMO oils is also on the rise. Cold-pressed and minimally processed oils are also becoming more popular because they keep their nutrients and natural flavors.

Emerging Developments in the Vegetable Oil Market

The Vegetable Oil Market is evolving with innovations in oil extraction technologies, such as supercritical CO2 extraction, which offer more efficient and environmentally friendly methods. There is also a growing interest in making oil from non-traditional sources like algae and seeds from plants like hemp and chia, which are becoming more popular since they are extremely beneficial for your health.

As more people want biofuels, more vegetable oils are being used to make them, which is helping the market grow even more. In addition, fortified and functional oils that are high in vitamins and other good nutrients are becoming more popular in the food industry.

List of Leading Companies in the Vegetable Oil Market

Some of the leading companies include:

• Cargill, Inc.
• Archer Daniels Midland Company (ADM)
• Bunge Limited
• Olam International
• Wilmar International
• CHS Inc.
• Louis Dreyfus Company

Frequently Asked Questions About the Market Study (FAQs):