South America Vegetable Oil Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers South America Vegetable Oil Manufacturers and the Market is segmented by Product Type (Palm Oil, Soybean Oil, Rapeseed Oil, Sunflower Oil, Olive Oil, and Other Product Types), Application (Food, Feed, and Industrial), and Geography (Brazil, Argentina, and Rest of South America). The market size in volume terms in tons for all the abovementioned segments.

South America Vegetable Oil Market Size

South America Vegetable Oil Market Summary
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South America Vegetable Oil Market Analysis

The South America Vegetable Oil Market is expected to register a CAGR of 3.81% during the forecast period.

  • South American countries, such as Brazil and Argentina, are the major exporters of peanut oil. Brazil and Venezuela are the leading vegetable oil-producing countries in South America. Amplifying demand for healthy edible oils obtained from natural sources is propelling the growth of the vegetable oils market. The growing processed food industry of the region, coupled with the growth of the food service industry, is further expected to aid the market growth of vegetable oils in South America.
  • Moreover, the growing consumer emphasis on health and wellness in the region further boosts the demand for olive oil. Olive oil is not only used as a dressing but also as a cooking aid, making it a preferred choice among health-conscious individuals. The rising demand is met by imported olive oil in the region. According to the United States Department of Agriculture (USDA) Foreign Agricultural Service, Brazil imported 120,000 metric tons of olive oil in 2021, majorly from Portugal, Spain, Argentina, and other global countries.
  • Similarly, as the population in South America continues to grow, so does the demand for edible oils. Vegetable oils, which are used for cooking and frying as well as being a component of many processed foods, are a significant source of calories and fat in the diet of South America. Vegetable oils are generally considered healthier than animal fats, as they are lower in saturated fat and higher in unsaturated fat. This has led to a growing awareness of the health benefits of vegetable oils among consumers, increasing demand. Moreover, vegetable oils are utilized in creating biofuels, which are becoming increasingly popular as a more environmentally friendly substitute for fossil fuels. This has helped to create an additional market for vegetable oils, driving further growth in the industry.
  • South America has a favorable climate for growing oilseed crops such as soybeans and sunflowers, which are the primary sources of vegetable oils in the region. This has led to high yields and lower production costs, making South American vegetable oils more competitive in the global market, thus supporting the market's growth. Sunflower and soybean are the major oils consumed and produced in Argentina. According to a USDA report, in 2020-2021, Argentina produced 2,900 and 48,000 thousand metric tons of sunflower and soybean, respectively.

South America Vegetable Oil Industry Overview

The South American vegetable oil market is competitive. The most active companies in the South American vegetable oils market are Bunge Limited, Cargill Incorporated, Sime Darby Plantation Berhad, Wilmar International Limited, and Agropalma, among others. The active companies in the market have adopted product innovation as the strategy due to changing consumer preferences in the region.

The major focus of the companies is to offer products with a wider application range aiding all feed, food and beverage, and industrial sectors, thereby catering to consumers' preferences efficiently. Moreover, the companies have adopted continuous expansion as their strategy to achieve a competitive advantage in the market and expand their geographical presence and customer base.

South America Vegetable Oil Market Leaders

  1. Sime Darby Plantation Berhad

  2. Cargill, Incorporated

  3. Bunge Limited

  4. Agropalma

  5. Wilmar International Limited

  6. *Disclaimer: Major Players sorted in no particular order
South America Vegetable Oil Market Concentration
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South America Vegetable Oil Market News

  • October 2022: BrasilBiofuels announced its plans to build Brazil's first sustainability aviation fuel facility in Manaus using technology developed by Denmark's Topsoe Haldor. The company claimed that they would use palm oil which they will grow in Brazil, as feedstock for the biorefinery to meet the growing demand for renewable fuels, including SAF.
  • April 2022: Brazilian fuel distributor Vibra Energia SA leveraged its existing partnership with Brasil BioFuels (BBF) to venture into the production and sale of palm oil-based jet fuel. This strategic decision reflects Vibra Energia's commitment to expanding its involvement in sustainable energy solutions and further accelerating the transition towards greener alternatives in the aviation industry.
  • July 2021: Agropalma announced a partnership with Ciranda. In partnership with Ciranda, Agropalma expanded its production of organic palm oil to meet growing demand. The companies announced that they would supply the organic food sector with the highest quality palm oils and shortening.

South America Vegetable Oil Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
    • 4.1.1 Rising Demand for Processed Foods
    • 4.1.2 Strategic Initiatives by Companies Uplifting Market Growth
  • 4.2 Market Restraints
    • 4.2.1 Availability of Substitute Products
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Palm Oil
    • 5.1.2 Soybean Oil
    • 5.1.3 Rapeseed Oil
    • 5.1.4 Sunflower Oil
    • 5.1.5 Olive Oil
    • 5.1.6 Other Types
  • 5.2 Application
    • 5.2.1 Food
    • 5.2.2 Feed
    • 5.2.3 Industrial
  • 5.3 Geography
    • 5.3.1 Brazil
    • 5.3.2 Argentina
    • 5.3.3 Rest of South America

6. COMPETITIVE LANDSCAPE

  • 6.1 Strategies Adopted by Leading Players
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles
    • 6.3.1 Cargill, Incorporated
    • 6.3.2 Archer Daniels Midland (ADM) Company
    • 6.3.3 Bunge Limited
    • 6.3.4 AAK AB (formerly AarhusKarlshamn)
    • 6.3.5 Sime Darby Plantation Berhad
    • 6.3.6 Aceitera General Deheza
    • 6.3.7 Louis Dreyfus Company
    • 6.3.8 Wilmar International Limited
    • 6.3.9 Olam International
    • 6.3.10 Agropalma
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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South America Vegetable Oil Industry Segmentation

Vegetable oils, also known as vegetable fats, are oils that are derived from seeds or other fruit portions of the plant.

The South American 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 application, the market is segmented into food, feed, and industrial. Based on geography, the market is segmented into Brazil, Argentina, and the Rest of South America.

The market sizing has been done in volume terms in tons for all the abovementioned segments.

Type Palm Oil
Soybean Oil
Rapeseed Oil
Sunflower Oil
Olive Oil
Other Types
Application Food
Feed
Industrial
Geography Brazil
Argentina
Rest of South America
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South America Vegetable Oil Market Research FAQs

What is the current South America Vegetable Oil Market size?

The South America Vegetable Oil Market is projected to register a CAGR of 3.81% during the forecast period (2025-2030)

Who are the key players in South America Vegetable Oil Market?

Sime Darby Plantation Berhad, Cargill, Incorporated, Bunge Limited, Agropalma and Wilmar International Limited are the major companies operating in the South America Vegetable Oil Market.

What years does this South America Vegetable Oil Market cover?

The report covers the South America Vegetable Oil Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South America Vegetable Oil Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

South America Vegetable Oil Industry Report

Statistics for the 2025 South America Vegetable Oil market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. South America Vegetable Oil analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

South America Vegetable Oil Market Report Snapshots

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South America Vegetable Oil Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)