Asia Pacific Vegetable Oil Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Edible Vegetable Oil Market Size in Asia and is segmented by Type (Palm Oil, Soybean Oil, Rapeseed Oil, Sunflower Oil, Olive Oil, and Other Types), by Application (Food, Feed, and Industrial), and by Geography.

APAC Vegetable Oils Market Size

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Asia Pacific Vegetable Oil Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.19 %
Market Concentration Low

Major Players

Asia Pacific Vegetable Oil Market

*Disclaimer: Major Players sorted in no particular order


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APAC Vegetable Oils Market Analysis

Asia Pacific Vegetable Oil Market is projected to grow at a CAGR of 6.19% during the forecast period 2020-2025.

  • Asia-Pacific registers the highest growth, across the world, due to huge demand from the food and other industrial sectors, attributed by the increasing number of health-conscious consumers, rising population, and changing living standards, coupled with the presence of major palm oil-producing nations in the region.
  • The food industry held a major market share with the growing popularity of vegan diets. In addition, a number of oils are used as food supplements (or "nutraceuticals"), for their nutrient content or purported medicinal effect.

APAC Vegetable Oils Market Trends

This section covers the major market trends shaping the APAC Vegetable Oil Market according to our research experts:

Growing Consumption of Sunflower Oil

Sunflower oil is light in taste and appearance and supplies more vitamin E than any other vegetable oil. Thus, the adaptability of sunflower oil is attributed to its increasing demand among consumers for household cooking purposes. Therefore, sunflower oil has a high demand in developing countries as it is healthy and cheaper than most of its counterparts. The growing sunflower oil consumption is offsetting declines for palm, cottonseed, and rapeseed oil, globally. Moreover, sunflower oil is highly witnessed in the personal care segment. Giant players of the market studied are incorporating sunflower oil in their clean-label and sustainable products.

asia pacific vegetable oil market

China Holds the Largest Market Share

The rising affluence of China's middle-class population is permitting consumers to purchase higher-priced, packaged vegetable oils. Moreover, the ban on the sale of loose oils in some Chinese cities has further stimulated the demand for packaged oils. In Asia-Pacific, China holds the largest share of vegetable oil consumption, as well as production. Though the production volume is high, consumption exceeds production, resulting in higher import volumes when compared to export volumes. China is an import-oriented country. Wilmar International Ltd (Yihai Kerry), Cofco Corporation, and Xiwang Food are some of the major edible vegetable oil companies operating in the Chinese market.

asia pacific vegetable oil market

APAC Vegetable Oils Industry Overview

The major players of the market have a broad geographical presence and an extensive product portfolio to cater to numerous consumer demands. This factor assists the company to maintain a strong foothold in the market. Some of the major players are Wilmar International Limited, Nisshin Oillio Group Ltd, Xiwang Foodstuffs Co., Ltd, GrainCorp Limited, Fuji Oil Holding Inc., COFCO among others.

APAC Vegetable Oils Market Leaders

  1. Wilmar International Limited

  2. Fuji Oil Holding Inc.

  3. COFCO

  4. GrainCorp Limited

  5. Nisshin Oillio Group Ltd

*Disclaimer: Major Players sorted in no particular order

Asia Pacific Vegetable Oil Market.png
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APAC Vegetable Oils Market Report - Table of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry


    1. 5.1 By Type

      1. 5.1.1 Palm Oil

      2. 5.1.2 Soybean Oil

      3. 5.1.3 Rapeseed Oil

      4. 5.1.4 Sunflower Oil

      5. 5.1.5 Olive Oil

      6. 5.1.6 Other Types

    2. 5.2 By Application

      1. 5.2.1 Food

      2. 5.2.2 Feed

      3. 5.2.3 Industrial

    3. 5.3 By Geography

      1. 5.3.1 China

      2. 5.3.2 Japan

      3. 5.3.3 India

      4. 5.3.4 Australia

      5. 5.3.5 Rest of Asia-Pacific


    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 COFCO

      2. 6.4.2 Fuji Oil Holding Inc.

      3. 6.4.3 GrainCorp Limited

      4. 6.4.4 Xiwang Foodstuffs Co., Ltd

      5. 6.4.5 Nisshin Oillio Group Ltd

      6. 6.4.6 Ajinomoto Co. Inc

      7. 6.4.7 SVMA

      8. 6.4.8 Wilmar International Limited

      9. 6.4.9 K. S. Oils Limited

    5. *List Not Exhaustive

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APAC Vegetable Oils Industry Segmentation

Asia Pacific vegetable oil market is segmented by type, application, and geography. Based on type, the market is segmented into palm oil, soybean oil, rapeseed oil, sunflower oil, olive oil, and other types. Based on the application, the market studied is segmented into food, feed, and industrial. Based on geography, the regional analysis of the vegetable oil market is also being included in the report.

By Type
Palm Oil
Soybean Oil
Rapeseed Oil
Sunflower Oil
Olive Oil
Other Types
By Application
By Geography
Rest of Asia-Pacific
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APAC Vegetable Oils Market Research FAQs

The Asia Pacific Vegetable Oil Market is projected to register a CAGR of 6.19% during the forecast period (2024-2029)

Wilmar International Limited, Fuji Oil Holding Inc., COFCO, GrainCorp Limited and Nisshin Oillio Group Ltd are the major companies operating in the Asia Pacific Vegetable Oil Market.

The report covers the Asia Pacific Vegetable Oil Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia Pacific Vegetable Oil Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

APAC Vegetable Oils Industry Report

Statistics for the 2024 APAC Vegetable Oils market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. APAC Vegetable Oils analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Asia Pacific Vegetable Oil Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)