Cooking Oils Market - Statistics & Insights

The Cooking Oils Market globally is valued at USD 220.7 billion in 2024, propelled by rising consumption in households, foodservice outlets, and the processed food industry. Asia-Pacific dominates the global cooking oils market, holding the largest share due to high consumption in countries like China, India, and Indonesia, supported by growing population, rising disposable incomes, and increasing demand for both refined and specialty oils. Europe holds a significant portion of the market, driven by health-conscious consumers, demand for olive and specialty oils, and well-established food processing industries. North America is witnessing steady growth, fueled by innovations in healthy and plant-based oils, increasing adoption of non-GMO and organic products, and rising consumer awareness about heart-healthy diets.