The global edible oils market is valued at USD 250.78 billion in 2024 and is projected to reach USD 306.92 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.1% during the forecast period. This steady growth is primarily driven by rising demand from a growing global population and expanding applications in the food processing industry.
Health-conscious consumers are playing a significant role in shaping market trends, with a strong shift toward healthier edible oils. As more people seek fats that support better health, there is a growing preference for oils rich in unsaturated fats—such as olive oil, sunflower oil, and canola oil. Increasing awareness of the health risks associated with trans fats and saturated fats, including cholesterol buildup and cardiovascular diseases, is pushing consumers away from traditional oil varieties.
In addition, there is a notable rise in demand for plant-based and non-GMO oils, reflecting evolving consumer values around nutrition, sustainability, and personal ethics. This shift is encouraging manufacturers to innovate, offering new formulations tailored to a diverse and health-aware consumer base. As this health-driven trend gains momentum, it is expected to expand across global markets, further fueling growth in the edible oils industry.
Top 10 Companies in the Edible Oils Market
- ADM (US)
- Bunge (US)
- Associated British Foods plc (UK)
- Wilmar International Ltd (Singapore)
- United Plantations Berhad (Malaysia)
- Sime Darby Berhad (Malaysia)
- BORGES AGRICULTURAL & INDUSTRIAL EDIBLE OILS, S.A.U. (Spain)
- Cargill Incorporated (US)
- GrainCorp (Australia)
- Hebany (UAE)
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ADM (US): Archer Daniels Midland Company (ADM) is a leading global player in the edible oils market, operating extensive oilseed crushing facilities that process soybeans, canola, sunflower, and palm oils. ADM’s integrated supply chain—from sourcing raw oilseeds to refining and packaging edible oils—positions it as a critical supplier to food manufacturers and retailers worldwide. The company continues to innovate in sustainable oil production and is investing in bio-based alternatives, reflecting rising consumer demand for healthier and environmentally friendly oils.
Bunge (US): Bunge Limited is a major agribusiness and food company with a significant footprint in edible oils production. It processes various oilseeds, including soybeans, sunflower seeds, and canola, into refined edible oils and specialty fats. Bunge’s global supply chain network allows it to efficiently source raw materials and distribute finished products across multiple continents. The company focuses on sustainability initiatives such as responsible sourcing of palm oil and enhancing traceability to meet global regulatory and consumer expectations.
Associated British Foods plc (UK): Associated British Foods (ABF) operates in the edible oils sector primarily through its subsidiary, AB Agri, which supplies oilseed-based ingredients for food and feed applications. While ABF is more diversified, its involvement in edible oils leverages expertise in oilseed processing and refining to provide oils used in food manufacturing. The company is positioned to capitalize on growing consumer trends favoring non-GMO and sustainably sourced edible oils, especially in European markets.
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Wilmar International Ltd (Singapore): Wilmar International is one of Asia’s largest agribusiness groups and a dominant force in the global edible oils market. Wilmar is a leading processor and refiner of palm oil, soybean oil, and other vegetable oils, with a strong presence in Southeast Asia, China, and India. The company’s integrated operations span plantations, crushing, refining, and distribution. Wilmar is committed to sustainable palm oil production, adhering to the Roundtable on Sustainable Palm Oil (RSPO) standards, and is actively expanding into specialty oils and value-added products.
United Plantations Berhad (Malaysia): United Plantations Berhad is a prominent Malaysian company specializing in palm oil plantations and processing. The company produces crude palm oil (CPO) and refines it into various edible oil products for both domestic and export markets. United Plantations is recognized for its commitment to sustainable plantation management practices, including RSPO certification, and for promoting environmentally responsible production methods in the edible oils sector.
Sime Darby Berhad (Malaysia): Sime Darby Berhad is a leading Malaysian conglomerate with significant investments in palm oil plantations and edible oils processing. The company’s integrated operations include cultivation, harvesting, milling, and refining, enabling it to supply high-quality palm oil-based edible oils globally. Sime Darby emphasizes sustainability, aiming to reduce carbon emissions and enhance biodiversity while maintaining productivity, positioning itself as a key player in the global edible oils market.
BORGES AGRICULTURAL & INDUSTRIAL EDIBLE OILS, S.A.U. (Spain): Borges Agricultural & Industrial Edible Oils is a major Spanish producer specializing in olive oil, sunflower oil, and other vegetable oils. The company combines traditional Mediterranean oil production expertise with modern refining technologies to serve both retail and industrial customers across Europe and beyond. Borges emphasizes premium quality and Mediterranean diet benefits, leveraging Spain’s reputation as a leading olive oil producer.
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Cargill Incorporated (US): Cargill is a global powerhouse in the edible oils market, operating extensive oilseed crushing, refining, and distribution facilities worldwide. It processes soybeans, canola, palm oil, and sunflower oil to produce a wide range of edible oils, fats, and specialty ingredients for foodservice, food manufacturing, and retail sectors. Cargill is also a leader in sustainability, working to improve traceability and reduce environmental impact in oilseed supply chains.
GrainCorp (Australia): GrainCorp is a major Australian agribusiness involved in grain handling and processing, including oilseed crushing and edible oil production. The company processes canola and other oilseeds into refined edible oils for the domestic market and export. GrainCorp is strategically positioned to supply the Asia-Pacific region with high-quality edible oils, supporting growing demand for plant-based oils and sustainable sourcing.
Hebany (UAE): Hebany is a UAE-based company involved in the edible oils industry, focusing on the refining and distribution of vegetable oils such as palm oil and sunflower oil across the Middle East and North Africa (MENA) region. Hebany caters to the growing regional demand for cooking oils and industrial edible fats, leveraging its strategic location for import and export operations. The company is expanding its product portfolio to meet rising consumer preferences for healthier and premium edible oil options.