Global Fats & Oils Market Size Study by Type (Vegetable Oils, Fats), Source (Vegetables, Animals), State (Liquid, Solid), Application (Food, Industrial), Price Sensitivity, and Regional Forecasts 2022-2032

Description

The Global Fats & Oils Market is valued at approximately USD 262.36 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 3.60% over the forecast period 2024-2032. Fats and oils, pivotal to human consumption and industrial applications, serve as essential nutritional components and functional ingredients. Their versatility spans culinary applications, biodiesel production, and industrial processes. Increasing consumer demand for plant-based and sustainably sourced oils, coupled with a rising global population, is driving market growth. Additionally, the surge in health-conscious lifestyles is boosting the popularity of premium oils such as olive and avocado oils.

The fats and oils industry is undergoing a transformation driven by advancements in extraction technologies and the adoption of sustainable practices. This transformation addresses both environmental concerns and consumer preferences for ethical sourcing. Innovations in hybrid oilseed cultivation and enzymatic oil extraction are improving yields while minimizing waste. The growing demand for biodiesel is creating new revenue streams for fats and oils producers, leveraging waste oils and non-edible fats for sustainable energy solutions. Furthermore, evolving dietary trends, including keto and vegan diets, are amplifying the demand for niche oil types. However, challenges such as price volatility in raw materials and stringent regulatory standards persist, necessitating strategic adaptability within the market.

Globally, the market exhibits varied regional trends. In 2023, Asia Pacific held the largest market share, primarily driven by its vast population base, expanding food processing industries, and the dominance of palm and soybean oil production in countries such as Indonesia and Malaysia. North America, characterized by high consumption of vegetable oils and growing demand for biodiesel, contributes significantly to market revenues. Meanwhile, Europe stands as a hub for premium oils, underpinned by its emphasis on organic and high-quality products. Latin America is an emerging player, with its robust agricultural base and increasing investments in oilseed production.

Major market players included in this report are:

Wilmar International Limited
Archer Daniels Midland Company
Bunge Limited
Cargill, Incorporated
AAK AB
Fuji Oil Co., Ltd.
Koninklijke DSM N.V.
Associated British Foods plc
Olam International
Louis Dreyfus Company
Marico Limited
Unilever PLC
IOI Group Berhad
BASF SE
The Procter & Gamble Company

The detailed segments and sub-segments of the market are explained below:

By Type:

Vegetable Oils
Fats

By Source:

Vegetables
Animals

By State:

Liquid
Solid

By Application:

Food
Industrial

By Price Sensitivity:

Premium Products
Economical Products

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Comprehensive market estimates and forecasts for 10 years from 2022 to 2032.
Regional and country-level analysis for each market segment.
Insights into competitive dynamics, including profiles of major players.
Detailed segmentation and sub-segmentation for nuanced understanding.
Strategic recommendations for stakeholders and market entrants.
Analysis of demand-side and supply-side drivers shaping the market.

Chapter 1. Global Fats & Oils Market Executive Summary

1.1. Global Fats & Oils Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Source
- 1.3.3. By State
- 1.3.4. By Application
- 1.3.5. By Price Sensitivity
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Fats & Oils Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Fats & Oils Market Dynamics

3.1. Market Drivers
- 3.1.1. Increasing Consumer Demand for Plant-based and Sustainably Sourced Oils
- 3.1.2. Rising Global Population Driving Food Demand
- 3.1.3. Growing Health-conscious Lifestyles Boosting Premium Oils Demand
3.2. Market Challenges
- 3.2.1. Price Volatility in Raw Materials
- 3.2.2. Stringent Regulatory Standards
3.3. Market Opportunities
- 3.3.1. Advancements in Extraction Technologies
- 3.3.2. Adoption of Sustainable Practices and Ethical Sourcing
- 3.3.3. Growing Demand for Biodiesel and Alternative Energy Sources

Chapter 4. Global Fats & Oils Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Fats & Oils Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Fats & Oils Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 5.2.1. Vegetable Oils
- 5.2.2. Fats

Chapter 6. Global Fats & Oils Market Size & Forecasts by Source 2022-2032

6.1. Segment Dashboard
6.2. Global Fats & Oils Market: Source Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 6.2.1. Vegetables
- 6.2.2. Animals

Chapter 7. Global Fats & Oils Market Size & Forecasts by State 2022-2032

7.1. Segment Dashboard
7.2. Global Fats & Oils Market: State Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 7.2.1. Liquid
- 7.2.2. Solid

Chapter 8. Global Fats & Oils Market Size & Forecasts by Application 2022-2032

8.1. Segment Dashboard
8.2. Global Fats & Oils Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 8.2.1. Food
- 8.2.2. Industrial

Chapter 9. Global Fats & Oils Market Size & Forecasts by Price Sensitivity 2022-2032

9.1. Segment Dashboard
9.2. Global Fats & Oils Market: Price Sensitivity Revenue Trend Analysis, 2022 & 2032 (USD Million/Billion)
- 9.2.1. Premium Products
- 9.2.2. Economical Products

Chapter 10. Global Fats & Oils Market Size & Forecasts by Region 2022-2032

10.1. North America Fats & Oils Market
- 10.1.1. U.S. Fats & Oils Market
  - 10.1.1.1. Type Breakdown Size & Forecasts, 2022-2032
  - 10.1.1.2. Source Breakdown Size & Forecasts, 2022-2032
  - 10.1.1.3. State Breakdown Size & Forecasts, 2022-2032
  - 10.1.1.4. Application Breakdown Size & Forecasts, 2022-2032
  - 10.1.1.5. Price Sensitivity Breakdown Size & Forecasts, 2022-2032
- 10.1.2. Canada Fats & Oils Market
  - 10.1.2.1. Type Breakdown Size & Forecasts, 2022-2032
  - 10.1.2.2. Source Breakdown Size & Forecasts, 2022-2032
  - 10.1.2.3. State Breakdown Size & Forecasts, 2022-2032
  - 10.1.2.4. Application Breakdown Size & Forecasts, 2022-2032
  - 10.1.2.5. Price Sensitivity Breakdown Size & Forecasts, 2022-2032
10.2. Europe Fats & Oils Market
- 10.2.1. UK Fats & Oils Market
- 10.2.2. Germany Fats & Oils Market
- 10.2.3. France Fats & Oils Market
- 10.2.4. Spain Fats & Oils Market
- 10.2.5. Italy Fats & Oils Market
- 10.2.6. Rest of Europe Fats & Oils Market
10.3. Asia-Pacific Fats & Oils Market
- 10.3.1. China Fats & Oils Market
- 10.3.2. India Fats & Oils Market
- 10.3.3. Japan Fats & Oils Market
- 10.3.4. Australia Fats & Oils Market
- 10.3.5. South Korea Fats & Oils Market
- 10.3.6. Rest of Asia Pacific Fats & Oils Market
10.4. Latin America Fats & Oils Market
- 10.4.1. Brazil Fats & Oils Market
- 10.4.2. Mexico Fats & Oils Market
- 10.4.3. Rest of Latin America Fats & Oils Market
10.5. Middle East & Africa Fats & Oils Market
- 10.5.1. Saudi Arabia Fats & Oils Market
- 10.5.2. South Africa Fats & Oils Market
- 10.5.3. Rest of Middle East & Africa Fats & Oils Market

Chapter 11. Competitive Intelligence

11.1. Key Company SWOT Analysis
- 11.1.1. Wilmar International Limited
- 11.1.2. Archer Daniels Midland Company
- 11.1.3. Bunge Limited
11.2. Top Market Strategies
11.3. Company Profiles
- 11.3.1. Wilmar International Limited
  - 11.3.1.1. Key Information
  - 11.3.1.2. Overview
  - 11.3.1.3. Financial (Subject to Data Availability)
  - 11.3.1.4. Product Summary
  - 11.3.1.5. Market Strategies
- 11.3.2. Cargill, Incorporated
- 11.3.3. AAK AB
- 11.3.4. Fuji Oil Co., Ltd.
- 11.3.5. Koninklijke DSM N.V.
- 11.3.6. Associated British Foods plc
- 11.3.7. Olam International
- 11.3.8. Louis Dreyfus Company
- 11.3.9. Marico Limited
- 11.3.10. Unilever PLC
- 11.3.11. IOI Group Berhad
- 11.3.12. BASF SE
- 11.3.13. The Procter & Gamble Company
- 11.3.14. Bunge Limited
- 11.3.15. Archer Daniels Midland Company

Chapter 12. Research Process

12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
12.2. Research Attributes