Oils Market Report 2026

Oils Market Overview

• Oils market size has reached to $86.41 billion in 2025 • Expected to grow to $110.31 billion in 2030 at a compound annual growth rate (CAGR) of 5.2% • Growth Driver: Rising Food Demand Fuels Oils Market Growth • Market Trend: Innovative Product Offerings Reshaping The Oils Market • Asia-Pacific was the largest region and fastest growing region.

What Is Covered Under Oils Market?

Oils are fatty liquids extracted from plants, animals, or synthetic substances used in frying, baking, and food preparation. The primary purpose of these oils is to extend the shelf life of the product but also serve as a natural flavoring ingredient. The main types of oils are palm oil, soybean oil, canola oil, sunflower oil, and others. Palm oil is a type of vegetable oil that can be consumed and is derived from the fruit of oil palm plants. It is used to make meals like cake, chocolate, biscuits, margarine, and fried fat, among others. Oils come in liquid and solid forms, and they use different sources such as fruits and vegetables, herbs and spices, and flowers. Oils are also refined using various extraction methods, such as distillation, carbon dioxide extraction, and cold press extraction, and are used for applications including the food industry, biofuels, and others.

What Is The Oils Market Growth Forecast?

The oils market size is expected to see strong growth in the next few years. It will grow to $110.31 billion in 2030 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to increasing consumer focus on healthy diets, rising demand for plant-based and specialty oils, expansion of biofuel production using edible oils, growing adoption of sustainable oil extraction methods, increasing regulatory scrutiny on food-grade oils. Major trends in the forecast period include increasing demand for health-oriented cooking oils, rising adoption of cold-pressed and natural oils, growing focus on extended shelf-life solutions, expansion of clean-label oil products, enhanced quality control in oil processing.

Global Oils Market Segmentation

1) By Oil Type: Palm Oil, Soybean Oil, Canola Oil, Sunflower Oil, Other Oil Types 2) By Form: Liquid, Solid 3) By Source: Oilseeds, Fruit-Based Oils, Nut-Based Oils 4) By Method Of Extraction: Cold-Pressed Oils, Expeller-Pressed Oils, Solvent-Extracted Oils, Refined Oils 5) By Application: Food Industry, Biofuels, Other Applications Subsegments: 1) By Palm Oil: Crude Palm Oil, Refined Palm Oil 2) By Soybean Oil: Crude Soybean Oil, Refined Soybean Oil 3) By Canola Oil: Refined Canola Oil, Cold-Pressed Canola Oil 4) By Sunflower Oil: Refined Sunflower Oil, Cold-Pressed Sunflower Oil 5) By Other Oil Types: Olive Oil, Coconut Oil, Corn Oil, Grapeseed Oil, Peanut Oil

What Is The Driver Of The Oils Market?

The increased demand for food is expected to propel the growth of the oils market going forward. Food refers to a substance mostly made up of protein, carbohydrates, fat, and other nutrients that is used by a human’s body to provide energy and support development and other important processes. Oils such as olive oil, canola oil, and sunflower oil, which are known for monounsaturated fats, are used in the food preparation of food, which decreases the risk of heart and cardiovascular disorders and raises healthy cholesterol levels. For instance, in October 2023, according to the United States Department of Agriculture (USDA), a US-based government agency, food spending represented 12.9% of the average U.S. household’s total expenditures in 2023, slightly up from 12.8% in 2022. Therefore, the increased demand for food is driving the growth of the oils industry.

What Is The Driver Of The Oils Market?

The increased demand for food is expected to propel the growth of the oils market going forward. Food refers to a substance mostly made up of protein, carbohydrates, fat, and other nutrients that is used by a human’s body to provide energy and support development and other important processes. Oils such as olive oil, canola oil, and sunflower oil, which are known for monounsaturated fats, are used in the food preparation of food, which decreases the risk of heart and cardiovascular disorders and raises healthy cholesterol levels. For instance, in October 2023, according to the United States Department of Agriculture (USDA), a US-based government agency, food spending represented 12.9% of the average U.S. household’s total expenditures in 2023, slightly up from 12.8% in 2022. Therefore, the increased demand for food is driving the growth of the oils industry.

Global Oils Market Trends and Insights

Major companies operating in the oils market are focusing on developing innovative solutions, such as certified sustainable hard palm kernel oil (HPKO), to meet the rising demand for clean-label, low-trans-fat, vegan-friendly, and responsibly sourced edible oils. Certified sustainable HPKO is a specialty palm-kernel–derived fat offering high oxidative stability and a neutral sensory profile suitable for confectionery and frozen applications. For instance, in February 2023, KTC Edibles Ltd., a UK-based independent manufacturer and distributor of edible oils, launched certified sustainable hard palm kernel oil (KPKO), a 100% vegetable oil acceptable for vegans and low in trans fats. The use of HPKO in ice cream and confectionery goods is ideal. KTC HPKO has a neutral flavor and odor that blends nicely with both dairy-based and vegan goods because it is free of additives, allergies, and genetically modified components. The company's increasing line of premium edible oils and fats now includes Certified Sustainable Segregated HPKO. It joins a number of other items in the KTC line, including the UK's first and only Halal beef dripping and a recently introduced premium Italian lard.

What Are Latest Mergers And Acquisitions In The Oils Market?

In April 2023, Groupe Berkem, an Italy-based chemical company, acquired Biopress for an undisclosed amount. With this acquisition, Berkem is expanding its portfolio in the 'Health, Beauty, and Nutrition' field of expertise, particularly in the cosmetics and nutraceutical markets, thanks to the virtues of its oils and the advantages offered by plant proteins. Biopress is a France-based producer of 100% natural vegetable oils and proteins.

Regional Outlook

Asia-Pacific was the largest region in the oils market in 2025. It is expected to be the fastest-growing region in the oils market report during the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada

What Defines the Oils Market?

The oils market consists of sales of clove oil, kerosene, olive oil, coconut oil, petroleum oils, paraffin, and basil oil. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Oils Market Report 2026?

The oils market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the oils industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.