Market overview
The global edible oils and fats market is worth USD 312 bn in 2026 and is forecast to reach USD 462 bn by 2036, growing at a 4.0% CAGR. China is the largest country market and Palm oil is the largest by oil type segment.
| Scope | Vegetable oils (palm, soybean, rapeseed, sunflower, olive and others) and animal and speciality fats sold for cooking and food manufacturing. |
|---|---|
| Industry | Food and Beverage |
| Value 2025 | USD 300 bn |
| Value 2026 | USD 312 bn |
| Value 2036 | USD 462 bn |
| CAGR 2026-2036 | 4.0% |
| Volume 2026 | 256,158 thousand tonnes |
| Volume 2036 | 326,723 thousand tonnes |
| Average price 2026 | USD 1,218 per tonne |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Edible Oils and Fats market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 312 bn |
| 2027 | USD 324 bn |
| 2028 | USD 337 bn |
| 2029 | USD 351 bn |
| 2030 | USD 365 bn |
| 2031 | USD 380 bn |
| 2032 | USD 395 bn |
| 2033 | USD 411 bn |
| 2034 | USD 427 bn |
| 2035 | USD 444 bn |
| 2036 | USD 462 bn |
Edible Oils and Fats market segmentation
By oil type
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Palm oil | 32.0% | 30.6% | USD 99.8 bn | 3.5% |
| Soybean oil | 22.0% | 21.6% | USD 68.6 bn | 3.8% |
| Rapeseed and canola oil | 11.0% | 10.5% | USD 34.3 bn | 3.5% |
| Sunflower oil | 9.0% | 9.0% | USD 28.1 bn | 4.0% |
| Olive oil | 3.0% | 2.9% | USD 9.4 bn | 3.5% |
| Other oils and animal fats | 23.0% | 25.4% | USD 71.8 bn | 5.0% |
By end use
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Household cooking | 34.0% | 32.1% | USD 106 bn | 3.4% |
| Food manufacturing | 38.0% | 38.4% | USD 119 bn | 4.1% |
| Foodservice | 20.0% | 20.8% | USD 62.4 bn | 4.4% |
| Speciality fats and shortenings | 8.0% | 8.7% | USD 25.0 bn | 4.9% |
By processing
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Refined, bleached and deodorised | 72.0% | 68.0% | USD 225 bn | 3.4% |
| Cold-pressed and virgin | 14.0% | 16.0% | USD 43.7 bn | 5.4% |
| Blended and speciality | 14.0% | 16.0% | USD 43.7 bn | 5.4% |
By packaging
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Bulk | 46.0% | 43.0% | USD 144 bn | 3.3% |
| Retail bottles and pouches | 38.0% | 39.0% | USD 119 bn | 4.3% |
| Tins and cans | 16.0% | 18.0% | USD 49.9 bn | 5.2% |
By sales route
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Direct industrial contracts | 36.0% | 34.0% | USD 112 bn | 3.4% |
| Traders and wholesalers | 28.0% | 28.0% | USD 87.4 bn | 4.0% |
| Retail | 36.0% | 38.0% | USD 112 bn | 4.6% |
Top 25 countries for edible oils and fats by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 66.5% of 2026 revenue and the 25 countries below together hold 92.9%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | China | USD 56.2 bn | 18.0% | USD 76.7 bn | 3.2% |
| 2 | India | USD 43.7 bn | 14.0% | USD 72.0 bn | 5.1% |
| 3 | United States | USD 31.2 bn | 10.0% | USD 42.5 bn | 3.1% |
| 4 | Indonesia | USD 21.8 bn | 7.0% | USD 32.8 bn | 4.2% |
| 5 | Brazil | USD 14.0 bn | 4.5% | USD 19.9 bn | 3.5% |
| 6 | Pakistan | USD 9.4 bn | 3.0% | USD 14.8 bn | 4.7% |
| 7 | Egypt | USD 7.8 bn | 2.5% | USD 12.5 bn | 4.8% |
| 8 | Russia | USD 7.8 bn | 2.5% | USD 10.6 bn | 3.1% |
| 9 | Nigeria | USD 7.8 bn | 2.5% | USD 13.4 bn | 5.6% |
| 10 | Germany | USD 7.8 bn | 2.5% | USD 9.7 bn | 2.2% |
| 11 | Mexico | USD 7.6 bn | 2.4% | USD 11.2 bn | 4.0% |
| 12 | Japan | USD 7.6 bn | 2.4% | USD 11.2 bn | 4.0% |
| 13 | Turkey | USD 7.6 bn | 2.4% | USD 11.2 bn | 4.0% |
| 14 | Bangladesh | USD 7.6 bn | 2.4% | USD 12.6 bn | 5.2% |
| 15 | Vietnam | USD 7.6 bn | 2.4% | USD 12.6 bn | 5.2% |
| 16 | Philippines | USD 6.9 bn | 2.2% | USD 10.2 bn | 4.0% |
| 17 | France | USD 6.2 bn | 2.0% | USD 9.2 bn | 4.0% |
| 18 | United Kingdom | USD 5.6 bn | 1.8% | USD 8.3 bn | 4.1% |
| 19 | Italy | USD 5.0 bn | 1.6% | USD 7.4 bn | 4.0% |
| 20 | Saudi Arabia | USD 4.5 bn | 1.4% | USD 6.7 bn | 4.0% |
| 21 | Iran | USD 4.1 bn | 1.3% | USD 6.0 bn | 4.0% |
| 22 | South Africa | USD 3.7 bn | 1.2% | USD 5.4 bn | 4.0% |
| 23 | Thailand | USD 3.3 bn | 1.1% | USD 4.8 bn | 4.0% |
| 24 | Malaysia | USD 3.0 bn | 0.9% | USD 4.4 bn | 4.0% |
| 25 | Spain | USD 2.7 bn | 0.8% | USD 3.9 bn | 4.0% |
| Rest of world | USD 22.1 bn | 7.1% | USD 31.9 bn | 3.8% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- Wilmar International
- Cargill
- Archer-Daniels-Midland
- Bunge
- Louis Dreyfus Company
- AAK
- COFCO International
- Olam Agri
Group 2: Regional and specialist players
- Sime Darby Plantation
- Golden Agri-Resources
- AWL Agri Business
- IOI Corporation
- Fuji Oil Holdings
- Kuala Lumpur Kepong
- Musim Mas
- Patanjali Foods
- Deoleo
- Kernel Holding
Group 3: Emerging and niche players
- Savola Group
- Marico
- Mewah International
- Shandong Luhua Group
- Borges Agricultural & Industrial Edible Oils
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the edible oils and fats market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 4.0% is calculated from the resulting values.
The market is divided by oil type, by end use, by processing, by packaging, by sales route. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the edible oils and fats market?
The global edible oils and fats market is estimated at USD 300 bn in 2025 and USD 312 bn in 2026.
How fast will the edible oils and fats market grow?
It is forecast to reach USD 462 bn by 2036, a compound annual growth rate of 4.0% from 2026, an increase of USD 150 bn.
Which country is the largest market for edible oils and fats?
China is the largest market by revenue at USD 56.2 bn in 2026, 18.0% of the global total. The three largest countries together hold 42.0%.
Which country is growing fastest?
Among the ten largest markets, Nigeria is growing fastest at 5.6% a year from 2026 to 2036.
Which edible oils and fats segment is largest?
In the by oil type split, Palm oil is the largest segment with 32.0% of 2026 revenue.
Who are the leading edible oils and fats companies?
Global leaders include Wilmar International, Cargill, Archer-Daniels-Midland, Bunge.
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