Global Plant-based Oils Market was valued at USD 2.4 Billion in 2022 and is projected to reach USD 4.0 Billion by 2030, growing at a CAGR of 6.7% from 2024 to 2030.
The plant-based oils market is experiencing significant growth, driven by increasing consumer demand for healthier and sustainable alternatives. In 2022, the global market was valued at approximately USD 48.47 billion and is projected to reach over USD 90 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.50% during this period.
Several factors contribute to this upward trend:
Health Consciousness: Consumers are increasingly aware of the health benefits associated with plant-based oils, such as improved heart health and lower cholesterol levels.
Environmental Sustainability: Plant-based oils are considered more environmentally friendly compared to animal-based fats, aligning with the global shift towards sustainable consumption.
Diverse Applications: These oils are utilized in various industries, including food and beverages, cosmetics, pharmaceuticals, and biofuels, enhancing their market appeal.
In my personal experience, incorporating plant-based oils like olive and sunflower oil into daily cooking has not only enhanced the flavor of meals but also contributed to a healthier lifestyle. The versatility of these oils makes them a staple in my kitchen.
Market segmentation reveals that palm oil, soybean oil, and sunflower oil are among the most consumed plant-based oils globally. The food industry remains the largest application segment, utilizing these oils in products ranging from baked goods to margarine. Additionally, the biofuel industry is emerging as a significant consumer, with plant-based oils being used in biodiesel production.
Geographically, the Asia-Pacific region dominates the market due to high consumption in countries like India and China. Notably, India's edible oil consumption is set to grow by 2%-3% in the 2024-2025 marketing year, driven by rising population and prosperity, despite recent import duty hikes.
Challenges persist, including fluctuating raw material prices and environmental concerns related to large-scale palm oil production. However, ongoing research and development efforts aim to identify sustainable sourcing methods and alternative oil sources to mitigate these issues.
Get an In-Depth Research Analysis of the Global Plant-based Oils Market Size And Forecast [2025-2032]
ACH Food Companies
Inc.
AG Processing Inc A Cooperative
Archer Daniels Midland Company
Bunge Limited
Cargill Incorporated
Darby Plantation Berhad
FUJI OIL ASIA PTE. LTD.
Golden Agri-Resources
Kuala Lumpur Kepong Berhad
Astra Agro Lestari
Riceland Foods
Olam Group
Viterra
Westmill Foods
Wilmar International
Shell
Corteva
Savola
United Plantations Berhad
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Plant-based Oils Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Plant-based Oils Market
Food and Beverages
Animal Feed
Biofuel
Industrial
Others
Based on Types the Market is categorized into Below types that held the largest Plant-based Oils market share In 2023.
Sunflower Oil
Palm Oil
Cottonseed Oil
Soybean Oil
Rapeseed Oil
Coconut Oil
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Plant-based Oils Market Research Analysis
1. Introduction of the Global Plant-based Oils Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Plant-based Oils Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Plant-based Oils Market, By Type
6. Global Plant-based Oils Market, By Application
7. Global Plant-based Oils Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Plant-based Oils Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/