U.S. Edible Oil And Fats Market Size & Outlook, 2022-2030
U.S. edible oil and fats market, 2017-2030 (US$M)
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U.S. edible oil and fats market highlights
- The U.S. edible oil and fats market generated a revenue of USD 77,342.7 million in 2022 and is expected to reach USD 137,848.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 7.5% from 2023 to 2030.
- In terms of segment, edible oil was the largest revenue generating product in 2022.
- Edible Oil is the most lucrative product segment registering the fastest growth during the forecast period.
Edible oil and fats market data book summary
| Market revenue in 2022 | USD 77,342.7 million |
| Market revenue in 2030 | USD 137,848.9 million |
| Growth rate | 7.5% (CAGR from 2022 to 2030) |
| Largest segment | Edible oil |
| Fastest growing segment | Edible Oil |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Edible Oil, Edible Fats |
| Key market players worldwide | Archer-Daniels Midland Co, Cargill, Bunge Global SA, Nisshin Oillio Group Ltd, Kaneka Corp, Associated British Foods PLC, Grain Processing Corporation, Adani Wilmar, Borges, Apetit Group |
Other key industry trends
- In terms of revenue, U.S. accounted for 16.7% of the global edible oil and fats market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. edible oil and fats market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 31,136.2 million by 2030.
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Edible Oil And Fats Market Scope
Edible Oil And Fats Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. edible oil and fats market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to edible oil and fats market will help companies and investors design strategic landscapes.
Edible oil was the largest segment with a revenue share of 75.38% in 2022. Horizon Databook has segmented the U.S. edible oil and fats market based on edible oil, edible fats covering the revenue growth of each sub-segment from 2017 to 2030.
The intake of edible fats and oils in the U.S. has changed significantly over the last 10 years and this can be attributed to several factors, such as dietary recommendations, public understanding of the nutritional and health benefits of different fats and oils, and legislations requiring the labeling of trans and saturated fats in foods.
Every five years, the U.S. government releases dietary recommendations, in response to which, the food industry has developed low-fat foods and switched from saturated fat to hydrogenated oils.
There is an increasing demand for edible oil & fats from food processing and food service industries due to a rise in the popularity of fast food and growing consumer preference for convenience foods.
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Target buyers of U.S. edible oil and fats market databook
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Our clientele includes a mix of edible oil and fats market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the U.S. edible oil and fats market , including forecasts for subscribers. This country databook contains high-level insights into U.S. edible oil and fats market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. edible oil and fats market size, by product, 2017-2030 (US$M)
U.S. Edible Oil And Fats Market Outlook Share, 2022 & 2030 (US$M)
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