Latin America Cooking Oil Market Size & Outlook, 2023-2030

The cooking oil market in Latin America is expected to reach a projected revenue of US$ 13,550.3 million by 2030. A compound annual growth rate of 4.1% is expected of Latin America cooking oil market from 2024 to 2030.
Revenue, 2023 (US$M)
$10,232.8
Forecast, 2030 (US$M)
$13,550.3
CAGR, 2024 - 2030
4.1%
Report Coverage
Latin America

Latin America cooking oil market, 2018-2030 (US$M)

Latin
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Latin America cooking oil market highlights

  • The Latin America cooking oil market generated a revenue of USD 10,232.8 million in 2023.
  • The market is expected to grow at a CAGR of 4.1% 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.


Latin America data book summary

Market revenue in 2023USD 10,232.8 million
Market revenue in 2030USD 13,550.3 million
Growth rate4.1% (CAGR from 2023 to 2030)
Largest segmentSoybean oil
Fastest growing segmentSoybean Oil
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSoybean Oil
Key market players worldwideArcher 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, Latin America region accounted for 6.0% 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
Sunflower Oil
Palm Oil
Olive Oil
Coconut Oil
Others
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

Latin America cooking oil market

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