Latest News- Edible Oil Market: Retail is expected to lead the End-user segment during 2025-2029

The Edible Oil Market is being driven by Increasing demand for trans-fat-free oils

The Edible Oil Market is expected to grow at a CAGR of 3.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 18370.2 million. In the edible oil market, advancements in agricultural technology are significantly influencing the industry's landscape. Farmers are embracing innovative techniques, such as precision agriculture, automation, and biotechnology, to optimize crop yields and resources. Precision agriculture leverages data analytics and satellite imagery to monitor crop health and soil conditions, allowing for more efficient application of inputs and ultimately, increased production of oilseed crops like soybeans, palm oil, and canola. Furthermore, the adoption of genetically modified (GM) crops has transformed oilseed production by enhancing resistance to pests, diseases, and environmental stresses, resulting in higher yields and a reduction in chemical pesticide usage, promoting sustainable farming practices. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Retail
  • Food service
  • Food processor
• Packaging
  • Pouches
  • Bottles
  • Jars
  • Cans
• Type
  • Palm oil
  • Soybean oil
  • Sunflower oil
  • Mustard oil
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
  • Europe
    • Germany
    • UK
  • North America
    • Canada
    • US
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Increasing demand for trans-fat-free oils
• Benefits of organic edible oils
• Increasing adoption of olive oil

However, the market also witnesses some limitations, which are as follows:

• Distribution challenges
• Certification challenges faced by producers
• Rise in price of edible oil because of import taxes

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Market Scope in Edible Oil Market Research Report

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Research Analysis Overview

The Edible Oil Market encompasses the production of oils from oilseed crops through oil extraction and milling, with growing focus on biofuel production via genetic modification and hybrid oilseeds. Crop yields, land use, water usage, and greenhouse gas emissions are key considerations for sustainable agriculture practices. Renewable energy, biodegradable packaging, and certification standards promote eco-friendly production. Fair trade practices, quality control, and food labeling regulations ensure consumer trust. Nutritional labeling, dietary trends, and consumer perception influence purchasing decisions. Retail distribution, brand loyalty, product innovation, and new product development shape market competition. Brand positioning is crucial for success in this dynamic industry.

Market Research Overview

The edible oil market encompasses key players engaged in the production and packaging of soybean oil, palm oil, canola oil, sunflower oil, olive oil, rapeseed oil, and coconut oil. In the context of the global packaged foods and meats industry, Technavio estimates market size based on the consolidated revenue of these entities. This market segment excludes manufacturers of food processing equipment and producers of packaged alcoholic and non-alcoholic beverages, including mineral waters. The growth of the global packaged foods and meats market is propelled by the health benefits associated with the consumption of minimally processed foods. These benefits include the presence of essential nutrients such as potassium, dietary fiber, folate (folic acid), vitamin A, and vitamin C in minimally processed foods like vegetables.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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Website: www.technavio.com/