Global Vegetable Oil Market Size & Outlook, 2023-2030

The vegetable oil industry worldwide is expected to reach a projected revenue of US$ 436.1 million by 2030. A compound annual growth rate of 4.6% is expected of the worldwide vegetable oil industry from 2024 to 2030.
Revenue, 2023 (US$M)
$319.0
Forecast, 2030 (US$M)
$436.1
CAGR, 2024 - 2030
4.6%
Report Coverage
Worldwide

Global vegetable oil market, 2018-2030 (US$M)

Global vegetable oil market highlights

  • The global vegetable oil market generated a revenue of USD 319.0 million in 2023 and is expected to reach USD 436.1 million by 2030.
  • The market is expected to grow at a CAGR (2024 - 2030) of 4.6% by 2030.
  • In terms of segment, palm oil accounted for a revenue of USD 319.0 million in 2023.
  • Palm Oil 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 2023USD 319.0 million
Market revenue in 2030USD 436.1 million
Growth rate4.6% (CAGR from 2023 to 2030)
Largest segmentPalm oil
Fastest growing segmentPalm Oil
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationPalm Oil

Other key industry trends

  • In terms of revenue, the North America accounted for 10.7% of the global vegetable oil market in 2023.

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Vegetable Oil Market Scope

Vegetable oil market segmentation & scope
Palm Oil
Soybean Oil
Rapeseed Oil
Sunflower Oil
Others
Application
Food
Feed
Industrial
Distribution Channel
B2B
B2C
Countries
U.S.
Canada
UK
Germany
France
Italy
Spain
Japan
China
India
Australia
South Korea
Brazil
South Africa
Saudi Arabia

Vegetable Oil Market Companies

Name Profile # Employees HQ Website

Global vegetable oil 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 vegetable oil market will help companies and investors design strategic landscapes.


Palm oil was the largest segment with a revenue share of 100% in 2023. Horizon Databook has segmented the Global vegetable oil market based on palm oil covering the revenue growth of each sub-segment from 2018 to 2030.


  • Global Vegetable Oil Type Outlook (Revenue, USD Million, 2018-2030)
    • Palm Oil
    • Soybean Oil
    • Rapeseed Oil
    • Sunflower Oil
    • Others
  • Global Vegetable Oil Application Outlook (Revenue, USD Million, 2018-2030)
    • Food
    • Feed
    • Industrial
  • Global Vegetable Oil Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
    • B2B
    • B2C

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Target buyers of Global vegetable oil market databook

  • Our clientele includes a mix of vegetable oil market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • 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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Horizon Databook provides a detailed overview of global-level data and insights on the Global vegetable oil market , including forecasts for subscribers. This global databook contains high-level insights into Global vegetable oil market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Global vegetable oil market size, by regions, 2018-2030 (US$M)

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