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Fats and Oils Market Size, Share and Trends Forecast 2025-2033

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Rohit Pujari
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Fats and Oils Market

IMARC Group’s report titled “Fats and Oils Market Report by Type (Oil Type, Fat Type), Application (Food Applications, Industrial Applications), Source (Vegetable, Animal), Sales Channel (Direct Sales, Supermarkets and Hypermarkets, Retail Stores, Online Stores, and Others), and Region 2025-2033”, The global fats and oils market size reached USD 241.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 336.3 Billion by 2033, exhibiting a growth rate (CAGR) of 3.38% during 2025-2033.

Factors Affecting the Growth of the Fats and Oils Industry:

  • Growing Demand for Healthier Fats:

Consumers are choosing healthier fats as they become more aware of the health risks linked to trans fats and saturated fats, such as heart disease. Oils like olive, avocado, and flaxseed are becoming popular because they have good fats and health benefits. People are also looking for oils rich in omega-3 and omega-6 fatty acids, which support heart health and reduce inflammation. Food companies are removing unhealthy fats from their products and using healthier options to meet this demand. Functional foods, which are packed with extra nutrients, are boosting the interest in healthy oils. By 2024, this focus on better fats will continue to influence buying choices and encourage new product ideas in the fats and oils market.

  • Focus on Sustainability and Ethical Practices:

Sustainability is now a key factor in the fats and oils market. Consumers want products that are ethically sourced and eco-friendly. For example, palm oil production is linked to deforestation, so companies are working to adopt sustainable practices and earn certifications like RSPO to prove they care about the environment. Alternatives like algae, hemp, and other plant-based oils are also becoming popular for their lower environmental impact. Clean-label products, which clearly show where ingredients come from, are in high demand. By 2024, sustainability will play an even bigger role in shaping how fats and oils are made and sold, helping brands build trust and loyalty.

  • Technological Innovations in Oil Production:

New technology is improving how fats and oils are made. Advanced methods like cold-pressing, supercritical extraction, and enzymatic processing are creating high-quality oils that keep their nutrients and flavors. These innovations are helping companies produce oils for specific needs, like frying or health-focused diets. As more people switch to plant-based diets, the demand for oils that replace animal fats is growing. Technology like automation and artificial intelligence is also making oil production faster and more consistent. These advancements are opening up new opportunities in the market, pushing manufacturers to focus on quality and innovation to attract health-conscious consumers.

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Leading Companies Operating in the Fats and Oils Industry:

Fats and Oils

  • Ajinomoto Co. Inc.

  • Archer-Daniels-Midland Company

  • Associated British Foods plc

  • Bunge Limited

  • Cargill Incorporated

  • Conagra Brands Inc.

  • Fuji Oil Holding Inc.

  • Unilever

  • United Plantations Berhad

  • Wilmar International Limited

Fats and Oils Market Report Segmentation:

By Type:

  • Oil Type

    • Palm Oil

    • Soybean Oil

    • Rapeseed Oil

    • Sunflower Oil

    • Olive Oil

    • Others

  • Fat Type

    • Butter

    • Shortenings and Margarine

    • Lard

    • Tallow

    • Others

By Application:

  • Food Applications

  • Industrial Applications

By Source:

Fats and Oils Market

  • Vegetable

  • Animal

By Sales Channel:

  • Direct Sales

  • Supermarkets and Hypermarkets

  • Retail Stores

  • Online Stores

  • Others

Regional Insights:

  • North America (United States, Canada)

  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

  • Latin America (Brazil, Mexico, Others)

  • Middle East and Africa

Global Fats and Oils Market Trends:

The fats and oils market is changing to meet new consumer preferences. Plant-based oils are more popular as people choose vegan and health-conscious lifestyles. By 2024, oils like avocado, walnut, and hemp seed will be in high demand for their health benefits. Clean-label products with simple, natural ingredients are gaining attention, and more consumers are exploring global flavors in their cooking. Sustainability is also a big focus, with companies promoting eco-friendly and ethically sourced oils. These trends are driving innovation, pushing businesses to create products that match consumer needs while staying competitive in a fast-changing market.

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

Contact Us:

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email:
Tel No:(D) +91 120 433 0800
United States: +1–631–791–1145

Fats and Oils Market Size