Asia Pacific Cooking Oil Market Size & Outlook, 2023-2030
The cooking oil market in Asia Pacific is expected to reach a projected revenue of US$ 65,695.9 million by 2030. A compound annual growth rate of 6.5% is expected of Asia Pacific cooking oil market from 2024 to 2030.
Revenue, 2023 (US$M)
$42,296.8
Forecast, 2030 (US$M)
$65,695.9
CAGR, 2024 - 2030
6.5%
Report Coverage
Asia Pacific
Asia Pacific cooking oil market, 2018-2030 (US$M)
Asia Pacific cooking oil market highlights
- The Asia Pacific cooking oil market generated a revenue of USD 42,296.8 million in 2023.
- The market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, soybean oil was the largest revenue generating type in 2023.
- Soybean Oil is the most lucrative type segment registering the fastest growth during the forecast period.
Asia Pacific data book summary
| Market revenue in 2023 | USD 42,296.8 million |
| Market revenue in 2030 | USD 65,695.9 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Soybean oil |
| Fastest growing segment | Soybean Oil |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Soybean Oil |
| Key market players worldwide | Archer Daniels Midland Company, Cargill, Bunge Global SA, Wilmar International Ltd, Olam Group Ltd, Marico, Sime Darby Plantation, Fuji Oil Co Ltd, George Weston Ltd, Nutiva |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.6% of the global cooking oil market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 65,695.9 million by 2030.
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Cooking Oil Market Scope
Cooking oil market segmentation & scope
Packaging
Bottles
Pouches
Cans
Jars
End Use
Residential
Commercial
Processing Type
Refined
UnRefined
DC
Food Processing
Food Service
Retail
Supermarkets & Hypermarkets
Convenience Stores
Online
Others
Countries
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Japan
China
India
Australia
South Korea
Brazil
South Africa
Cooking Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific cooking oil market
Related regional statistics
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