Global Fortified Edible Oil Market Size By Product (Soy Oil, Palm Oil, Rice Bran Oil), By Micronutrient (Vitamin A, Vitamin D, Vitamin E), By Geographic Scope And Forecast

Fortified Edible Oil Market Size And Forecast

Fortified Edible Oil Market size was valued at USD 12.32 Billion in 2024 and is projected to reach USD 17.34 Billion by 2031, growing at a CAGR of 4.37% from 2024 to 2031. Growing health awareness & regulatory initiatives, the widespread use of cooking oil, and mandatory fortification of edible oils by FSSAI are expected to drive the market over the predicted years. The Global Fortified Edible Oil Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Fortified Edible Oil Market Definition

Edible oil fortification refers to the process of deliberately increasing the content of essential micronutrients to improve nutritional quality and to provide a public health benefit with minimal risk to health. This is done by adding Vitamins and minerals. All kinds of edible oils can be fortified soybean, cottonseed, palm olein, groundnut, mustard, etc. According to FSSAI, at an individual level fortified edible oil can help a person meet 25-30% of the recommended dietary intake for vitamins A and D. Based on the product, fortified edible oils are classified into Soy Oil, Palm Oil, Rice Bran Oil, Sunflower Oil, Canola Oil, Olive Oil, and Other. Various micronutrients in the edible oils include Vitamin A, Vitamin D, Vitamin E, and Others.

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Global Fortified Edible Oil Market Overview

Growing health awareness and regulatory initiatives are anticipated to drive the growth of the market. Oil fortification is expected to achieve maximum penetration due to the widespread use of cooking oil. The edible oil industry is committed to fortification, top brands are setting an example. Players in partnership with the government and FSSAI are creating a new market by stimulating innovation. FSSAI has made fortification of edible oils a compulsory mandate across some nations which include Bolivia, Morocco, Mozambique, Nigeria, India, and Tanzania. This is foreseen to boost growth during the forecast timespan.

Global Fortified Edible Oil Market: Segmentation Analysis

The Global Fortified Edible Oil Market is segmented on the basis of Product, Micronutrient, And Geography.

Fortified Edible Oil Market, By Product

• Soy Oil
• Palm Oil
• Rice Bran Oil
• Sunflower Oil
• Canola Oil
• Olive Oil
• Other

Based on Product, The market is bifurcated into Soy Oil, Palm Oil, Rice Bran Oil, Sunflower Oil, Canola Oil, Olive Oil, and Other. The Palm Oil segment is expected to hold the largest market share. The factors can be attributed to its usage in preventing diseases like cancer, brain disease, vitamin A deficiency, and aging. It is also used to treat high blood pressure, high cholesterol, malaria, cyanide poisoning, and dementia.

Fortified Edible Oil Market, By Micronutrient

• Vitamin A
• Vitamin D
• Vitamin E
• Others

Based on Micronutrient, The market is bifurcated into Vitamin A, Vitamin D, Vitamin E, and Others. Vitamin A micronutrient is predicted to hold the most significant CAGR in the forecasted period due to rising deficiencies of vitamin A and the increasing awareness about various disorders associated with it.

Fortified Edible Oil Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world
• On the basis of Regional Analysis, The Global Fortified Edible Oil Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share in the market will be dominated by the Asia Pacific owing to the higher consumption of edible oils in this region.

Key Players

• The "Global Fortified Edible Oil Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are
• Adani Wilmar, Archer Daniels Midland Company, Bunge Limited, Conagra Brands, Inc., BASF SE, Cargill Incorporated, Nestle S.A., Ruchi Soya Industries Limited, Liberty Oil Mills, Lam Soon Group, Borges International Group.
• The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In Dec 2021, Cargill becomes the first worldwide supplier to commit its whole edible oils portfolio to the World Health Organization's best practice on industrially generated trans-fatty acids (iTFAs), and the company is working to eliminate iTFAs by the end of 2023.
• In Sept 2020, The Food Safety and Standards Authority of India (FSSAI) is contemplating making it necessary for edible oil makers to fortify cooking oil with vitamins A and D, which aid immunity.
• In Dec 2018, Richardson International and Conagra Brands have reached an agreement to divest the Wesson(R) Oil brand.
• In May 2018, In a board meeting, Ruchi Soya Industries declared that the company's name will be changed. Ruchi Soya Industries Limited will be renamed Patanjali Foods, according to the board.
• In August 2021, Corbion has announced the acquisition of Granolife, a developer of functional mixes for the Mexican baking and fortification sectors situated in Queretaro, Mexico. At its production facilities and application and development centre, Granolife employs about 60 people.