Cooking Oil Market Size, Share, and Growth Analysis, By Type (Soybean Oil, Sunflower Oil), By Packaging (Bottles, Pouches), By End-Use, By Processing Type, By Distribution Channel, By Region - Industry Forecast 2025-2032

Cooking Oil Market size was valued at USD 218.36 billion in 2023 and is poised to grow from USD 231.02 billion in 2024 to USD 362.7 billion by 2032, growing at a CAGR of 5.8% during the forecast period (2025-2032).

The global cooking oil market is witnessing a significant shift towards healthier options, driven by rising consumer awareness of health and wellness. Low-cholesterol oils such as olive, vegetable, palm, and avocado oils are in high demand, reflecting trends in healthy eating and plant-based diets. The surge in disposable incomes, especially in developing nations, is also steering consumers towards premium and specialty oils, fueled by urbanization and changing dietary preferences. Additionally, consumers are increasingly favoring organic and non-GMO options, notably sunflower, coconut, and olive oils. Recent market developments include the relaunch of Louis Dreyfus Company's Vibhor brand in North India and Cargill India's introduction of Gemini Pureit in South India, with both companies focusing on quality and health benefits to meet consumer needs.

Top-down and bottom-up approaches were used to estimate and validate the size of the Cooking Oil market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Cooking Oil Market Segments Analysis

Global Cooking Oil Market is segmented by Type, Packaging, End-Use, Processing Type, Distribution Channel and region. Based on Type, the market is segmented into Soybean Oil, Sunflower Oil, Palm Oil, Canola (Rapeseed) Oil, Olive Oil, Corn Oil, Peanut Oil, Coconut Oil and Avocado Oil. Based on Packaging, the market is segmented into Bottles, Pouches, Cans and Jars. Based on End-Use, the market is segmented into Residential and Commercial. Based on Processing Type, the market is segmented into Refined and Unrefined. Based on Distribution Channel, the market is segmented into Supermarkets/Hypermarkets, Online Retail Stores, Convenience Stores and Specialty Stores. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Cooking Oil Market

The global cooking oil market is witnessing significant growth driven by a heightened focus on sustainable sourcing practices and certifications. Consumers are increasingly seeking cooking oils that offer transparency regarding their origin, production methods, and environmental impacts. This growing demand for clarity has led to a preference for products that are clearly labeled, providing comprehensive information about the source of the oil and the processes involved in its production. As awareness of environmental issues continues to rise, shoppers are inclined towards products that align with their values, favoring those that demonstrate a commitment to sustainability and responsible sourcing practices.

Restraints in the Cooking Oil Market

The cooking oil market faces significant restraints, primarily due to the ongoing issue of counterfeiting, which hinders its growth. Concerns regarding the nutritional quality of edible oils have persisted for years, with the adulteration of high-quality, premium oils with cheaper alternatives becoming alarmingly common. This practice not only threatens public health but also undermines consumer trust in established brands. A notable incident occurred in March 2021, when Indian authorities confiscated eight 15-liter containers of counterfeit Fortune soybean oil, a product of Wilmar International Ltd, highlighting the pervasive problem of fraudulent oil products in the market.

Market Trends of the Cooking Oil Market

The cooking oil market is witnessing a dynamic shift driven by rising health and wellness awareness among consumers. As individuals increasingly prioritize their dietary choices, there is a marked transition from saturated oils to healthier alternatives. Oils rich in nutrients, such as antioxidants and monounsaturated fats-including olive, avocado, and coconut oils-are gaining traction. The appeal of these oils lies in their touted health benefits, such as the presence of omega-3 fatty acids, which not only enhance flavor but also contribute to overall well-being. This trend is reshaping consumer preferences and positioning the cooking oil market for sustained growth in the health-conscious segment.