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Cooking Oil Market Overview
Cooking Oil Market size is estimated to reach $198.3 billion by 2026, growing at a CAGR of 5.1% during the forecast period 2021-2026. Cooking Oils are fats derived from plants and animals that are used in frying, flavoring, baking, and other cooking applications. Cooking oils, such as palm oil, rapeseed oil, sunflower oil, soybean oil, avocado oil, and others provide various health benefits and are extensively used in various food applications. Unsaturated and healthier oil products are increasingly being adopted across the world owing to the growing health consciousness among the customers. The rise in the adoption of avocado oil for its nutritional health benefits, growing demand for palm oil for edible purposes in emerging countries, such as India and China, increase in the demand for rapeseed oil in snack foods for its affordability and versatility, and the rise in the healthier product launches of soybean oil by the key players in developed nations are the factors that are set to drive the growth of the Cooking Oil Market for the period 2021-2026.
Report Coverage
The report: “Cooking Oil Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Cooking Oil Market.
By Product Type: Palm Oil, Rapeseed Oil, Sunflower Oil, Soybean Oil, Avocado Oil, and Others.
By Application: Bakery and Confectionery, Snack Foods, Margarine, Fillings, and Spreads, and Others.
By Distribution Channel: Online Channels, Supermarkets/Hypermarkets, Convenience Stores, and Others.
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World (Middle East and Africa).
Key Takeaways
- Geographically, Asia-Pacific Cooking Oil Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the adoption of rapeseed oil in snack foods for its affordability and versatility.
- The increase in the adoption of avocado oil to provide richness to baked products is driving the Bakery and Confectionery segment. However, the rise in the side effects associated with the overconsumption of cooking oils is one of the major factors that is said to reduce the growth of the Cooking Oil Market.
- Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Cooking Oil Market report.
Cooking Oil Market Size, By Product Type, 2020-2026 (USD Million)
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Cooking Oil Market Segment Analysis-By Product Type
The Cooking Oil Market based on the Product Type can be further segmented into Palm Oil, Rapeseed Oil, Sunflower Oil, Soybean Oil, Avocado Oil, and Others. The Palm Oil segment held the largest share in 2020 and is also estimated to be the fastest-growing segment with a CAGR of 6.2% over the period 2021-2026. This growth is owing to the factors such as the increase in the demand for palm oil for edible purposes in emerging countries, such as India and China, and the growing consumer awareness about the positive health benefits of palm oil. The rise in the investment by the key players to develop high-quality palm oil is driving the growth of the Cooking Oil Market. The Soybean Oil segment held the second-largest share in 2020 owing to the factors such as the growing adoption of soybean oil in various bakery applications and the rise in the healthier product launches of soybean oil by the key players in developed nations.
Cooking Oil Market Segment Analysis-By Application
The Cooking Oil Market based on the Application can be further segmented into Bakery and Confectionery, Snack Foods, Margarine, Fillings, and Spreads, and Others. The Bakery and Confectionery segment held the largest share in 2020 owing to the factors such as the increase in the adoption of palm oil in bakery and confectionery products and the rise in the investment by the key players to develop high-quality cooking oils for bakery and confectionery products. The growing adoption of avocado oil to provide richness to baked products is driving the growth of the Cooking Oil Market. The Snack Foods segment is estimated to be the fastest-growing segment with a CAGR of 5.8% over the period 2021-2026. This growth is owing to the factors such as the rise in the adoption of convenience foods among young customers and the growing demand for rapeseed oil in snack foods for its affordability and versatility.
Cooking Oil Market Segment Analysis-By Geography
The Cooking Oil Market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of World. Asia-Pacific segment held the largest share with 28% of the overall market in 2020. The growth in this segment is owing to the factors such as the growing demand for palm oil for edible purposes in emerging countries, such as India and China, and an increase in the adoption of rapeseed oil in snack foods for its affordability and versatility. The rise in the demand for avocado oil in various bakery applications is driving the growth of the Cooking Oil Market. North America segment is estimated to be the fastest-growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as the rise in the healthier product launches of soybean oil by the key players in developed nations and the growing investment by the key players to develop quality and healthy cooking oils.
Cooking Oil Market Drivers
Increase in the Adoption of Avocado Oil.
The rise in awareness about the nutritional health benefits of avocado oil and changing customer preferences towards oil that contain low cholesterol and fat has propelled the demand for avocado oil in various cooking applications. Avocado oil also plays an important role in maintaining cholesterol levels, improving heart health, and enhancing wound healing, which is one of the major factors driving the growth of the Cooking Oil Market.
The Rise in the Favorable Policies on the Usage of Vegetable Oil.
There has been an increase in the number of supportive policies implemented by the authorities of several nations to enhance the production and consumption of vegetable oils. The key players are also extensively focusing on launching healthier vegetable oils for cooking applications owing to the growing favorable policies, which is further propelling the growth of the Cooking Oil Market.
Cooking Oil Market Challenges
Side Effects Associated with the Overconsumption of Cooking Oils.
The key players in the market are collaborating with other players to carry out various research and development activities for launching high-quality cooking oils in various food applications. However, the rise in the side effects associated with the overconsumption of cooking oils is one of the major factors that is estimated to reduce the growth of the Cooking Oil Market.
Cooking Oil Market Competitive Landscape:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Cooking Oil Market. Key companies of this market are Cargill, Archer Daniels Midland Company, Conagra Brands, Wilmar International Limited, Bunge Limited, Kuala Lumpur Kepong Berhad, Fuji Oil Holding Inc, Olam International, Musim Mas Group, and Ajinomoto Co. Inc among others.
Expansions/Partnerships:
- In May 2020, Cargill has entered into a partnership with Archer Daniels Midland Company to provide soybean oil for its customers in Egypt and to take advantage of the increasing demand for edible oils in the country.
- In February 2020, Bunge Limited has launched innovative oils to help in replicating the texture and cooking experience of meat and to meet the demand of consumers for plant-based meat alternatives for nutritional and sustainable reasons.
- In October 2019, Musim Mas Group has expanded its production facilities by launching an R&D and Innovation facility in Singapore to enhance its focus on developing new solutions for palm oil functional blends and specialty fats for addressing different needs across the food industry.
Relevant Links:
Report Code: FBR 76579
Report Code: FBR 38090
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1. Cooking Oil Market - Overview
1.1 Definitions and Scope
2. Cooking Oil Market - Executive Summary
2.1 Market Revenue and Key Trends by Company
2.2 Key trends by Product Type
2.3 Key trends by Application
2.4 Key trends by Geography
3. Cooking Oil Market – Comparative Analysis
3.1 Product Benchmarking – Key Companies
3.2 Financial Analysis – Key Companies
3.3 Market Value Split by Key Companies
3.4 Patent Analysis – Key Companies
3.5 Pricing Analysis
4. Cooking Oil Market - Startup Companies Scenario Premium
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Cooking Oil Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Cooking Oil Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters five force model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Cooking Oil Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Cooking Oil Market – By Product Type(Market Size –$Million/$Billion)
8.1 Palm Oil
8.2 Rapeseed Oil
8.3 Sunflower Oil
8.4 Soybean Oil
8.5 Avocado Oil
8.6 Others
9. Cooking Oil Market – By Application(Market Size –$Million/$Billion)
9.1 Bakery and Confectionery
9.2 Snack Foods
9.3 Margarine, Fillings, and Spreads
9.4 Others
10. Cooking Oil Market – By Distribution Channel(Market Size –$Million/$Billion)
10.1 Online Channels
10.2 Supermarkets/Hypermarkets
10.3 Convenience Stores
10.4 Others
11. Cooking Oil Market - By Geography(Market Size –$Million/$Billion)
11.1 North America
11.1.1 U.S.
11.1.2 Mexico
11.1.3 Canada
11.2 Europe
11.2.1 U.K.
11.2.2 France
11.2.3 Germany
11.2.4 Italy
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Asia Pacific
11.3.1 China
11.3.2 India
11.3.3 Japan
11.3.4 South Korea
11.3.5 Australia & New Zealand
11.3.6 Rest of Asia Pacific
11.4 South America
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Rest of South America
11.5 Rest of the World
11.5.1 Middle East
11.5.2 Africa
12. Cooking Oil Market - Entropy
13. Cooking Oil Market – Industry/Segment Competition Landscape Premium
13.1 Market Share Analysis
13.1.1 Global Market Share – Key Companies
13.1.2 Market Share by Region – Key companies
13.1.3 Market Share by Countries – Key Companies
13.1.4 Competition Matrix
13.1.5 Best Practices for Companies
14. Cooking Oil Market – Key Company List by Country Premium Premium
15. Cooking Oil Market Company Analysis
15.1 Company 1
15.2 Company 2
15.3 Company 3
15.4 Company 4
15.5 Company 5
15.6 Company 6
15.7 Company 7
15.8 Company 8
15.9 Company 9
15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global MARKET SEGMENTATION Market 2019-2024 ($M)1.1 By Type Market 2019-2024 ($M) - Global Industry Research
1.1.1 Palm Oil Market 2019-2024 ($M)
1.1.2 Soybean Oil Market 2019-2024 ($M)
1.1.3 Rapeseed Oil Market 2019-2024 ($M)
1.1.4 Sunflower Oil Market 2019-2024 ($M)
1.2 By Distribution Channel Market 2019-2024 ($M) - Global Industry Research
1.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
1.2.2 Online Channels Market 2019-2024 ($M)
1.2.3 Convenient Stores Market 2019-2024 ($M)
2.Global COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
2.1 Most Active Companies Market 2019-2024 ($M) - Global Industry Research
2.2 Most Adopted Strategies Market 2019-2024 ($M) - Global Industry Research
3.Global MARKET SEGMENTATION Market 2019-2024 (Volume/Units)
3.1 By Type Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 Palm Oil Market 2019-2024 (Volume/Units)
3.1.2 Soybean Oil Market 2019-2024 (Volume/Units)
3.1.3 Rapeseed Oil Market 2019-2024 (Volume/Units)
3.1.4 Sunflower Oil Market 2019-2024 (Volume/Units)
3.2 By Distribution Channel Market 2019-2024 (Volume/Units) - Global Industry Research
3.2.1 Supermarkets/Hypermarkets Market 2019-2024 (Volume/Units)
3.2.2 Online Channels Market 2019-2024 (Volume/Units)
3.2.3 Convenient Stores Market 2019-2024 (Volume/Units)
4.Global COMPETITIVE LANDSCAPE Market 2019-2024 (Volume/Units)
4.1 Most Active Companies Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Most Adopted Strategies Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America MARKET SEGMENTATION Market 2019-2024 ($M)
5.1 By Type Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Palm Oil Market 2019-2024 ($M)
5.1.2 Soybean Oil Market 2019-2024 ($M)
5.1.3 Rapeseed Oil Market 2019-2024 ($M)
5.1.4 Sunflower Oil Market 2019-2024 ($M)
5.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
5.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
5.2.2 Online Channels Market 2019-2024 ($M)
5.2.3 Convenient Stores Market 2019-2024 ($M)
6.North America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
6.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
6.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
7.South America MARKET SEGMENTATION Market 2019-2024 ($M)
7.1 By Type Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Palm Oil Market 2019-2024 ($M)
7.1.2 Soybean Oil Market 2019-2024 ($M)
7.1.3 Rapeseed Oil Market 2019-2024 ($M)
7.1.4 Sunflower Oil Market 2019-2024 ($M)
7.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
7.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
7.2.2 Online Channels Market 2019-2024 ($M)
7.2.3 Convenient Stores Market 2019-2024 ($M)
8.South America COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
8.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
8.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
9.Europe MARKET SEGMENTATION Market 2019-2024 ($M)
9.1 By Type Market 2019-2024 ($M) - Regional Industry Research
9.1.1 Palm Oil Market 2019-2024 ($M)
9.1.2 Soybean Oil Market 2019-2024 ($M)
9.1.3 Rapeseed Oil Market 2019-2024 ($M)
9.1.4 Sunflower Oil Market 2019-2024 ($M)
9.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
9.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
9.2.2 Online Channels Market 2019-2024 ($M)
9.2.3 Convenient Stores Market 2019-2024 ($M)
10.Europe COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
10.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
10.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
11.APAC MARKET SEGMENTATION Market 2019-2024 ($M)
11.1 By Type Market 2019-2024 ($M) - Regional Industry Research
11.1.1 Palm Oil Market 2019-2024 ($M)
11.1.2 Soybean Oil Market 2019-2024 ($M)
11.1.3 Rapeseed Oil Market 2019-2024 ($M)
11.1.4 Sunflower Oil Market 2019-2024 ($M)
11.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
11.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
11.2.2 Online Channels Market 2019-2024 ($M)
11.2.3 Convenient Stores Market 2019-2024 ($M)
12.APAC COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
12.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
12.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
13.MENA MARKET SEGMENTATION Market 2019-2024 ($M)
13.1 By Type Market 2019-2024 ($M) - Regional Industry Research
13.1.1 Palm Oil Market 2019-2024 ($M)
13.1.2 Soybean Oil Market 2019-2024 ($M)
13.1.3 Rapeseed Oil Market 2019-2024 ($M)
13.1.4 Sunflower Oil Market 2019-2024 ($M)
13.2 By Distribution Channel Market 2019-2024 ($M) - Regional Industry Research
13.2.1 Supermarkets/Hypermarkets Market 2019-2024 ($M)
13.2.2 Online Channels Market 2019-2024 ($M)
13.2.3 Convenient Stores Market 2019-2024 ($M)
14.MENA COMPETITIVE LANDSCAPE Market 2019-2024 ($M)
14.1 Most Active Companies Market 2019-2024 ($M) - Regional Industry Research
14.2 Most Adopted Strategies Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Cooking Oil Market Revenue, 2019-2024 ($M)2.Canada Cooking Oil Market Revenue, 2019-2024 ($M)
3.Mexico Cooking Oil Market Revenue, 2019-2024 ($M)
4.Brazil Cooking Oil Market Revenue, 2019-2024 ($M)
5.Argentina Cooking Oil Market Revenue, 2019-2024 ($M)
6.Peru Cooking Oil Market Revenue, 2019-2024 ($M)
7.Colombia Cooking Oil Market Revenue, 2019-2024 ($M)
8.Chile Cooking Oil Market Revenue, 2019-2024 ($M)
9.Rest of South America Cooking Oil Market Revenue, 2019-2024 ($M)
10.UK Cooking Oil Market Revenue, 2019-2024 ($M)
11.Germany Cooking Oil Market Revenue, 2019-2024 ($M)
12.France Cooking Oil Market Revenue, 2019-2024 ($M)
13.Italy Cooking Oil Market Revenue, 2019-2024 ($M)
14.Spain Cooking Oil Market Revenue, 2019-2024 ($M)
15.Rest of Europe Cooking Oil Market Revenue, 2019-2024 ($M)
16.China Cooking Oil Market Revenue, 2019-2024 ($M)
17.India Cooking Oil Market Revenue, 2019-2024 ($M)
18.Japan Cooking Oil Market Revenue, 2019-2024 ($M)
19.South Korea Cooking Oil Market Revenue, 2019-2024 ($M)
20.South Africa Cooking Oil Market Revenue, 2019-2024 ($M)
21.North America Cooking Oil By Application
22.South America Cooking Oil By Application
23.Europe Cooking Oil By Application
24.APAC Cooking Oil By Application
25.MENA Cooking Oil By Application