Cooking Oil Market Size, Share, and Forecast Outlook
According to a research report by Mordor Intelligence, the global cooking oil market size is projected to grow from USD 308.74 billion in 2026 to USD 378.54 billion by 2031, registering a CAGR of 4.16% during the forecast period. The steady cooking oil market growth reflects evolving dietary habits, urbanization, rising disposable incomes, and technological advancements in oil extraction and refining processes.
The cooking oil market forecast indicates sustained demand across retail, food processing, and foodservice segments as consumers increasingly prioritize healthier and functionally enriched oils.
Key Trends Shaping the Cooking Oil Market
Rising Demand for Healthy and Functional Oils
Health-conscious consumers are driving a shift toward oils rich in omega-3 fatty acids, antioxidants, and vitamin E. Regulatory updates, including the FDA’s revised definition of “healthy,” now allow certain oils such as olive oil to carry qualified health claims.
Premium oils, including olive oil, avocado oil, and cold-pressed variants, are gaining stronger cooking oil market share, especially in North America and Europe. Functional oils supporting cardiovascular health and weight management are further strengthening the cooking oil market growth.
Growth in Organic and Non-GMO Oils
Organic and non-GMO certified oils are witnessing expanding demand within the cooking oil market. Soybeans dominate the organic oilseed segment, reflecting production realignment toward premium positioning.
Europe and North America remain major markets where consumers actively seek traceable, sustainably sourced oils. Industry leaders such as Archer Daniels Midland (ADM) and Cargill Incorporated are expanding production capacity to meet rising demand for certified organic products.
Expansion of the Foodservice Sector
The recovery of the global foodservice industry is significantly boosting the cooking oil market size. Hotels, restaurants, and quick-service chains are increasing oil consumption for frying and food preparation.
Foodservice operators are experimenting with diversified oil blends, including beef tallow and high-oleic variants, to enhance frying stability and flavor profiles. Additionally, converting used cooking oil into renewable diesel supports circular economy initiatives, reinforcing sustainability within the cooking oil industry.
Stay informed with localized insights, including Japan-specific analysis: https://www.mordorintelligence.com/ja/industry-reports/cooking-oil-market?utm_source=abnewswire
Cooking Oil Market Segmentation
By Product Type
- Palm Oil
- Soybean Oil
- Rapeseed/Canola Oil
- Sunflower Oil
- Peanut Oil
- Coconut Oil
- Olive Oil
- Corn Oil
- Others
Palm and soybean oils maintain dominant cooking oil market share due to affordability and large-scale production, while olive and coconut oils lead premium and functional segments.
By Processing Type
- Refined
- Unrefined
Refined oils dominate the cooking oil market size due to their longer shelf life and neutral flavor. However, unrefined and cold-pressed oils are growing rapidly among health-focused consumers.
By End User
- Food Processing
- Foodservice/HoReCa
- Retail
Retail distribution includes:
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retail
- Others
Online retail is gradually expanding the cooking oil market growth, supported by direct-to-consumer brands and subscription models.
By Geography
North America – Strong demand for premium, organic, and non-GMO oils.Europe – Growth driven by regulatory oversight and clean-label demand.Asia-Pacific – Largest volume consumption region due to population size and dietary dependence on edible oils.South America – Major oilseed production hub.Middle East and Africa – Growing foodservice and retail demand.
Competitive Landscape in the Cooking Oil Industry
The cooking oil market is moderately consolidated, with key players including:
- Archer Daniels Midland (ADM)
- Cargill Incorporated
- Bunge Global SA
- Wilmar International Ltd
- Louis Dreyfus Company
These companies leverage vertical integration, global sourcing networks, and refining capacity to maintain strong cooking oil market share. Strategic initiatives include sustainability certifications, expansion into renewable fuel feedstocks, and innovation in cold-pressed and organic variants.
Conclusion
The global cooking oil market is expected to continue steady expansion through 2031, supported by increasing demand for healthier, functional, and sustainably sourced oils. Growth across retail and foodservice channels, along with innovation in extraction technologies and renewable fuel applications, reinforces a stable long-term outlook.
As the cooking oil market forecast evolves, companies aligning product portfolios with health trends, clean-label certifications, and sustainability initiatives are well-positioned to strengthen their cooking oil market size and share, creating resilient growth opportunities for manufacturers, retailers, and investors alike.
Industry Related Reports:
Asia-Pacific Vegetable Oil Market Size - The Asia-Pacific vegetable oil market is estimated at USD 216.41 billion in 2026, up from USD 203.91 billion in 2025, and is projected to reach USD 291.35 billion by 2031, growing at a CAGR of 6.13%. The growth is driven by rising demand for edible oils, increasing population, and expanding food processing industries across the region.
Bangladesh Mustard Oil Market Share - The Bangladesh mustard oil market is projected to reach USD 478.98 million in 2026, up from USD 463.01 million in 2025, and is expected to grow to USD 567.45 million by 2031 at a CAGR of 3.45%. Growth is supported by the traditional use of mustard oil in cooking and increasing consumer preference for natural and healthy cooking oils.
Coconut Oil Market Trends - The coconut oil market is estimated at USD 7.75 billion in 2026 and is expected to reach USD 11.05 billion by 2031, reflecting a 7.36% CAGR. The surge is fueled by heightened demand for clean-label fats in packaged foods, expanding pharmaceutical applications, and premium personal-care products leveraging lauric acid’s antimicrobial properties.
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