Cooking Oil Market Size to Reach US$ 250,896.4 million by 2030 - PowerPoint PPT Presentation

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Cooking Oil Market Size to Reach US$ 250,896.4 million by 2030


As per the Market Statsville Group (MSG), the global cooking oil market size is expected to grow from USD 154,961.2 million in 2021 to USD 250,896.4 million by 2030, gowing at a CAGR of 5.5% during the forecast period (2022-2030). – PowerPoint PPT presentation

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Title: Cooking Oil Market Size to Reach US$ 250,896.4 million by 2030

Market Research Report
Global Cooking Oil Market Report Opportunities,
and Forecast By 2030
Global Industry Analysis, Forecast and Trends,
Slalsville Consulling Píivale
Limiled www.maí
sales_at_maí 1 (646) 663-5829
Global Cooking Oil Market
2020 Statsville Consulting Private Limited
Market Statsville Group (MSG) A part of
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Cooking Oil Market 2022 Industry Size, Regions,
Emerging Trends, Growth Insights, Opportunities,
and Forecast By 2030
Cooking Oil Market by Product Type (Palm oil, Soy
oil, Sunflower oil, Peanut oil, Olive oil, and
Rapeseed oil), by End-Users (Residential, Food
services, and Food processor), by Distribution
Channel, by Region Global Share and Forecast
to 2030 Description As per the Market Statsville
Group (MSG), the global cooking oil market size
is expected to grow from USD 154,961.2 million
in 2021 to USD 250,896.4 million by 2030, gowing
at a CAGR of 5.5 during the forecast period
(2022-2030). Cooking oils are naturally liquid at
room temperature however, some oils that
contain saturated fat, such as coconut oil, and
palm kernel oil, remains solid even in slightly
low temperature. The common edible oils are
mostly vegetable oils, including but not limited
to sesame oil, peanut oil, olive oil, palm oil,
rapeseed oil, corn oil, camellia oil, canola
oil, sunflower seed oil, linseed oil (soma oil),
grape seed oil, soybean oil, walnut oil, peony
seed oil, and other vegetable oils.
Recent years have seen consumer inclination
toward organic, natural, and GMO-free products.
Thus, demand for organic edible oil has gained
huge popularity, particularly in the last four
years. Leading players upgrade their product
offerings with organic and Non-GMO certified
cooking oils to cater to this new opportunity.
For instance, Nutiva unveiled organic liquid
coconut oils were USDA Certified Organic and
Non-GMO Project Verified liquid hexane-free oil
made without chemicals or filler oil. On similar
lines to cater burgeoning demand for Non-GMO
oils, Whole Harvest, a subsidiary of Bunge North
America, has expanded its facilities to cater to
the demand for Non-GMO soybean and canola oils
for food service operators in the US and Canada.
Therefore, demand for organic and non-GMO
certified oils is likely to gain huge traction in
the years to come. However, the cooking oil
industry faces multiple challenges, including but
not limited to counterfeiting, adulteration, and
deception. Adulteration of cooking oil results in
a myriad of diseases, including but not limited
to gall bladder cancer, glaucoma, dropsy, and
loss of eyesight. Request Sample Copy of this
Report https//
sample/cooking-oil-market Global Cooking Oil
Market Definition Cooking oil is mainly extracted
from oilseeds used for frying, baking, and other
types of cooking. Cooking oil is also known as
edible oil or vegetable oil. Cooking oil is also
used to prepare flavorings and foods that do not
require heat, such as bread dips and salad.
COVID-19 Impact on the Global Cooking Oil
Market COVID-19 left a high impact on the cooking
oil industry the major challenge faced by the
key players was the shortage of labor supply as
people were restricted to stay at home.
Furthermore, the production, processing, and
supply of cooking oil required a work force to
compete with the rising demand from the
residential segment. Moreover, there was a drop
in demand from the side of bulk cooking oil
buyers such as cafes, restaurants, and hotels.
Moreover, many food processing industries were
also shut down due to the labor shortage,
leading to a fall in demand for cooking oil. In
addition, many distribution channels were closed
in the first phase of the pandemic, which
increased the online supply of food and
beverages in most developed and developing
countries to fulfill the daily requirement of
cooking oil. Global Cooking Oil Market
Dynamics Drivers Increasing demand for organic
cooking oil to provide growth impetus Globally,
consumers are adopting chemical-free or organic
products due to the awareness regarding the
advantages of chemical-free products. Organic
cooking oils are also attracting the consumers
attention as they are manufactured in an
extraordinary range by animals, plants, and other
organisms through ordinary metabolic procedures.
They also benefit from maintaining the stability
of the aroma and original flavor in the food.
Additionally, the growing wakefulness regarding
the health benefits of organic products is
driving the market for edible organic oil, as the
oil is known well for heart health and is
efficient in boosting the energy level among its
Restraints Counterfeiting of cooking oil
fetching the restraints of the market
Counterfeiting is a crime that involves the
manufacturing or distribution of goods under
someone else's name without their permission.
This practice is common in the global cooking oil
market. In addition, outright theft and
adulteration is causing havoc in the global
cooking oil market. In North America, the major
oil scam is of olive oil. There is an olive oil
shortage owing to the climatic combination and
running Xylella fastidiosa and bacterium
pandemic in the olive-producing regions. In
addition, the all-over olive production is down
in the Mediterranean region such as Morocco,
Turkey, Greece, and Tunisia, which has only
intensified the problem. Furthermore, in the
U.S., the manufacturers have been mixing their
olive oil produced with cheaper oils like the
low-quality sunflower oil and canola oil to meet
the demand and decrease the cost of
production. Scope of the Global Cooking Oil
Market The study categorizes the cooking oil
market based on product type, end-users, and
distribution channels at the regional and global
levels. Direct Purchase Report
il- market?opt2950
  • By Product Type Outlook (Sales/Revenue, USD
    Million, 2017-2030)
  • Palm oil
  • Soy oil
  • Sunflower oil
  • Peanut oil
  • Olive oil
  • Rapeseed oil
  • Others
  • By End-Users Outlook (Sales/Revenue, USD
  • Million, 2017-2030)
  • Residential
  • Food services
  • Food processor
  • By Distribution Channel
  • Outlook (Sales/Revenue, USD Million, 2017-
  • 2030)
  • Supermarket/Hypermarket
  • Independent retail stores
  • Business to Business

  • By Region Outlook (Sales/Revenue, USD Million,
  • North America
  • US
  • Canada
  • Mexico
  • Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
  • Asia Pacific
  • China

  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia New Zealand
  • Rest of Asia Pacific
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
  • The Middle East Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA
  • The plam tree segment is projected to account for
    the largest market share, by product type

By product type, the global market is segregated
into palm oil, soy oil, sunflower oil, peanut
oil, olive oil, rapeseed oil, and other cooking
oils. The palm oil segment was the highest
contributor to the market, with a market share
of 29.5 in 2021. Palm oil is a vegetable oil
extracted from the fruit of palm tree. It is
extracted by either crushing the kernel in the
middle of the fruit or squeezing the ample
fruit. The majority of the palm oil trees are
grown in Malaysia and Indonesia, which are the
most diverse tropical forests in the world. Palm
oil is a rich source of carotenes, antioxidants,
and Vitamin E. It is a good ingredient for
cancer patients and those who have the problem of
Alzheimer's, arthritis, and atherosclerosis,
which is a driving factor of palm cooking oil
consumption. Furthermore, increasing population
and declining arable land around the developed
regions are encouraging the plantation and growth
of crude palm oil in order to meet the regional
need for consumption. In addition, palm oil is
highly demanded as it remains semi-solid at room
temperature and it, is unaffected by oxidation
and provides the products a longer shelf-life.
Moreover, the oil remains stable at high
temperatures and is known for providing good
texture and crunch to the fried food, also, it is
colorless and odorless, so it doesnt change the
smell and appearance of the food products.
Asia Pacific accounts for the highest CAGR during
the forecast period Based on the regions, the
global cooking oil market has been segmented
across North America, Asia-Pacific, Europe,
South America, and the Middle East Africa. The
Asia Pacific is the fastest- growing region,
followed by North America. Asia Pacific is
growing at a CAGR of 5.9 during the forecast
period. The Asia-Pacific cooking oil market is
analyzed across China, Japan, India, ASEAN,
Australia, and the rest of Asia-Pacific.
Asia-Pacific has been considered as the dominant
region in the global cooking oil market. In
addition, China, the 2nd largest developed
country with a GDP of 14.7 trillion, followed by
the U.S., has the highest population of 1.4
billion people globally. One of the growth
factors of the cooking oil market in the North
American region is the high consumption of fast
food and processed food, which have raised the
demand for cooking oil. Moreover, U.S. food
culture is known for deep frying people in this
country highly prefer consuming deep-fried food
such as snacks, beef, chicken wings, corn dog,
deep-fried pickles, and deep-fried twinkies,
which has increased the demand for cooking oil in
the U.S. Request For Report Description
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