Edible Oils Market

The edible oils market is estimated at USD 250.78 billion in 2024 and is projected to reach USD 306.92 billion by 2029, at a CAGR of 4.1% from 2024 to 2029. The edible oil market is expected to grow steadily mainly due to an increasing demand from the growing population and also from the food processing industry. The demand for healthy edible oils is expected to drive the overall edible oils market. Since most people look for healthier fats in their diet, this would strengthen the demand for oils rich in unsaturated fats, including olive oil, sunflower oil, and canola oil. With the increased awareness of disorders related to trans fats, such as cholesterol buildup and cardiovascular diseases, consumers are avoiding the traditional oils high in saturated fats. Demand for plant-based and non-GMO oils is also growing, the result of a trend that continues to witness demand for products representing personal ethics and dietary habits. In this respect, manufacturers' innovations have been encouraged to forge new product formulations in line with the diverse needs of different demographics of consumers. The trend is expected to grow strength and, thus will pick up traction across geographies since health-conscious diets are on an upward trend in the respective marketplaces.

This shift in dietary preferences and increasing awareness about the right nutrition steer well straight into the growth of the market for edible oil, which goads more companies to invest further in quality improvement and introduce products that meet the epitome of expectations in the minds of consumers.

To know about the assumptions considered for the study download the pdf brochure

ADM (US)

Archer Daniels Midland Company (ADM), established in 1902 and headquartered in Chicago, Illinois, is a prominent player in the global food processing and commodities trading sector. ADM operates an expansive network of over 271 plants and 450 crop procurement facilities worldwide. Known for its expertise in processing cereal grains and oilseeds, ADM supplies a wide array of products catering to the food, beverage, nutraceutical, industrial, and animal feed markets, reinforcing its position as an industry leader with deep-rooted capabilities in sourcing, processing, and distribution.

Within its Ag Services and Oilseeds segment, ADM’s edible oils business is a cornerstone, encompassing all stages of oilseed processing—from sourcing and crushing to refining oils like soybean, canola, sunflower, and cottonseed oils. This segment supplies vital ingredients for diverse markets, including food, feed, and industrial sectors. ADM’s vertically integrated model streamlines supply chain efficiency, delivering consistent quality from crop origination through to final product delivery. In addition, ADM leverages innovation and R&D to offer a broad, tailored portfolio of edible and specialty oils that cater to evolving consumer preferences in terms of taste, health, and functionality.

The company operates through 46 innovation centers, 271 processing plants, 450 crop procurement facilities, and 200 bulk storage facilities in nearly 200 countries across regions. ADM operates through numerous subsidiaries, such as Ab Mauri (UK), ABF Ingredients (UK), ABITEC Corporation (US), Ohly (Germany), Golden Peanut Company LLC (US), ADM Milling (US), ADM Do Brasil Ltda. (Brazil), Wild Flavors, Inc. (US), and ADM Hamburg Ag (Germany).

Bunge (US)

Bunge Limited is a global leader in agribusiness and food, with integrated operations from farmer to consumer. Through its 50% ownership in BP Bunge Bioenergia, a joint venture founded with BP p.l.c ("BP"), by combining its Brazilian sugar and bioenergy activities with BP's Brazilian biofuels business, the company produces sugar and ethanol in Brazil. The company runs its business through four reportable segments: agribusiness, refined and specialty oils, milling, and sugar and bioenergy. The remainder of the business is categorized as corporates and others as it does not fall under a reportable segment.

The reportable categories are further divided into core operations and non-core operations. The company’s core operations comprise the agribusiness, refined and specialty oils, and milling divisions. With merchandising and distribution offices worldwide, the company’s Agribusiness operations and assets are situated in North and South America, Europe, and Asia-Pacific.

The company's refined and specialty oils segment includes companies that sell vegetable oils and fats, such as cooking oils, shortenings, and specialty ingredients. Most segments and assets are in North and South America, Europe, and Asia Pacific.

The company has a presence in almost 40 countries in the Asia Pacific, African, Middle Eastern, European, Caribbean, Central American, North American, and South American regions. Its subsidiaries, such as Bunge North America, Bunge South America, Bunge Asia Pacific, and Bunge Europe, are engaged in oilseed processing, edible oils refining & packaging, shortenings, and corn dry milling.

United Plantations Berhad (Malaysia)

The UP group was founded in 1906 in Malaysia. United Plantations Berhad is engaged in the cultivation and processing of palm oil, coconut, and other plantation crops. The company's primary businesses include plantations, refineries, Bernam bakery, and research &development. The company’s subsidiaries are engaged in several downstream activities, such as processing palm oil and the manufacturing and packing/distributing of end products in the form of cooking oils, edible oils, specialty fats, and soap products. It offers a wide range of fats and oils under the brand, Unitata.

United Plantations operates through two palm oil refineries in Malaysia and focuses on producing certified sustainable products of superior quality with a high level of traceability and transparency throughout the supply chain. The two palm oil refineries are Unitata Berhad and UniFuji. These refineries enable the company to cater to the global demand for certified, sustainable palm oil. The operations of these refineries are based on Global Food Safety Initiative (GFSI) standards and are mainly powered by renewable energy produced from biomass waste. The company products have HALAL, HACCP, RSPO Sustainable palm oil, and other certifications.

United Plantations Berhad offers its products in Malaysia, Indonesia, Europe, the US, and internationally. The company’s subsidiaries are Unitata, Bernam Agencies, Butterworth Bulking Installation, Bernam Advisory Services, Berta Services, PT Surya Sawit Sejati, PT Sawit Seberang, United International Enterprises (M), Kapal Bernam, Bernam Bakery, and Scanlook.

Related Reports:

Edible Oils Market by Type (Palm Oil, Soybean Oil, Sunflower Oil, Olive Oil, Rapeseed Oil), Packaging Type, Packaging Technology, Extraction Technology, Grade, Application, End Use, Distribution Channel and Region - Global Forecast to 2029

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets Inc.
1615 South Congress Ave.
Suite 103,
Delray Beach, FL 33445
USA : 1-888-600-6441
[email protected]