EDIBLE OILS MARKET ANALYSIS

Regional Analysis

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North America has been dominating the global edible oils market for the past few decades with estimated 35.7% share in 2024. The large population, rising disposable incomes, and growing fast food culture have boosted demand for edible oils, especially soybean and canola oil. The U.S.  is the single largest consumer market, accounting for over 40% of global soybean oil consumption. It is also the leader in canola oil production and trade. Strong agriculture and food processing industries have enabled North American companies to achieve scale and integration across the supply chain for edible oils. Leading producers and traders based in the region have established global footprint to tap high-growth overseas markets.

Asia Pacific has emerged as the fastest growing regional market for edible oils in recent years. Rapid population expansion, rising affluence, and changing dietary preferences are driving extraordinarily high volumes. Indonesia has one of the largest palm oil industries in the world. It is the top producer as well as exporter, meeting over 50% of global palm oil demand. India is also a dominant player and relies heavily on imports. The South Asian giant imports over 15 million tons of edible oils annually, more than any other country. Major cooking oils popular in Asia Pacific include soybean, palm, and canola oils. Developing nations in Southeast Asia are showing immense promise due to growth in food production and processing sectors.