Fats & Oils Market - Trends Forecast Till 2028

Fats and Oils Market is Segmented by Type (Fats (Butter, Tallow, Lard, and Specialty Fats), and Oils (Soybean Oil, Rapeseed Oil, Palm Oil, Coconut Oil, Olive Oil, Cotton Seed Oil, Sunflower Seed Oil, and Others)), by Applications (Food, Industrial, and Animal Feed), and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: December, 2021

Base Year Estimate: 2020

Report ID: D-FB-FOM-791


Number of Pages: 350

Domain: Food & Beverages

Fats & Oils Market – Trends Forecast Till 2028

The global fats and oils market is projected to grow, witnessing a CAGR of 6.42% during the forecast period, 2021-2028.

Fats and oils are being used extensively in food applications such as confectioners in the production of candies, and for polishing of confectionery products. Also, refined olive oil and coconut oil are increasingly being used for various bakery applications as it is bland in taste, thereby, allowing food to maintain its original flavour. Additionally, it does not exhibit any pungency, unlike mustard oil.

The rising awareness to use healthier alternatives such vegetable-derived oils among the consumers, increasing health concerns about traditional fats, and increased consumption of processed and baked food items are some of the factors that have supported long-term expansion for Fats & Oils Market.

The supply and demand for fats & oils in the global market has shifted due to the coronavirus crisis, with an increasing uncertainty related to prices. Palm oil, which is the largest type of oil produced globally, faced the impact as demand dropped across the world, trade was disrupted, and production got hampered in Indonesia and Malaysia, according to the top vegetable oils producers, such as Wilmar International and Mehwah Group, which operate in the region.

Fats & Oils Market Research Report

The Asia Pacific region is projected to be the fastest-growing market for fats & oils. The region is home to two important palm and palm kernel oil-producing countries namely Malaysia, and Indonesia: and two major fats & oils consuming countries namely China, and India. This is one of the significant factor which ensures that Asia pacific region is the largest as well as the fastest-growing market in fats & oils.

Fats & Oils Market is segmented into type, application and region.

On the basis of Type

  • fats
  • oils

On the basis of Application  

  • food
  • animal feed
  • Industrial

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Fats & Oils Market Primary Respondent


Key Players

  • Cargill Inc.
  • Sime Darby Plantation
  • Bunge Limited
  • AAK
  • Olam International Limited
  • ADM
  • Wilmar oil

Recent Developments

  • In June 2021, Cargill laid out plans to build a new USD 200 million palm oil refinery in Indonesia to accelerate its efforts to develop a sustainable palm supply chain and provide verified deforestation-free products to customers.
  • In May 2021, ADM planned to build its first-ever dedicated soybean crushing and refinery in the US to meet the fast-growing demand from food, feed, industrial and biofuel customers, including producers of renewable diesel.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Fats & Oils Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope


Report Feature


Growth Rate

CAGR of 6.42% during the forecasting period, 2021-2028

Historical Data


Forecast Years


Base Year


Units Considered

Revenue in USD billion and CAGR from 2021 to 2028

Report Segmentation

Type, application and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Cargill Inc., Sime Darby Plantation, Bunge Limited, AAK, Olam International Limited, ADM, and Wilmar oil.

Available Customization

In addition to the market data for Fats & Oils Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.

Please complete the form below:

This website is secure and your personal details are safe. Privacy Policy

Please complete the form below:

This website is secure and your personal details are safe. Privacy Policy

Please complete the form below:

This website is secure and your personal details are safe. Privacy Policy

Choose License Type
Global: 50+ Countries

Note: Report data and information will be by Country.

Regional Report

Note: Report data and information will be by Country.

Country Specific Report

Bundle Reports

50% Discount on all additional reports  

Special Pricing

Avail customised purchase options to meet your specific research requirements.

Custom Tailored Services

Delvens. offers transformed research reports where syndicated reports are not sufficient to provide solutions to your business.

Subscription Model

Get latest and trending updates throughout the year on the reports you buy.