Global Specialty Fats & Oils Market Size & Outlook
The specialty fats & oils industry worldwide is expected to reach a projected revenue of US$ 23,780.0 million by 2030. A compound annual growth rate of 7.7% is expected of the worldwide specialty fats & oils industry from 2024 to 2030.
Revenue, 2023 (US$M)
$14,116.7
Forecast, 2030 (US$M)
$23,780.0
CAGR, 2024 - 2030
7.7%
Report Coverage
Worldwide
Global specialty fats & oils market, 2018-2030 (US$M)
Global specialty fats & oils market highlights
- The global specialty fats & oils market generated a revenue of USD 14,116.7 million in 2023 and is expected to reach USD 23,780.0 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.7% by 2030.
- In terms of segment, specialty oils accounted for a revenue of USD 14,116.7 million in 2023.
- Specialty Oils is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 14,116.7 million |
| Market revenue in 2030 | USD 23,780.0 million |
| Growth rate | 7.7% (CAGR from 2023 to 2030) |
| Largest segment | Specialty oils |
| Fastest growing segment | Specialty Oils |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Specialty Oils |
Other key industry trends
- In terms of revenue, the North America accounted for 23.9% of the global specialty fats & oils market in 2023.
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Specialty Fats & Oils Market Scope
Specialty fats & oils market segmentation & scope
Distribution Channel
Confectionery
Dairy
Countries
U.S.
Canada
Mexico
UK
France
Germany
Denmark
Italy
Norway
Sweden
Spain
India
China
Japan
Thailand
South Korea
Australia
Brazil
Argentina
Saudi Arabia
South Africa
UAE
Kuwait
Specialty Fats & Oils Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global specialty fats & oils market size, by regions, 2018-2030 (US$M)
Related regional statistics
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