The global cooking oils and fats market is experiencing steady growth due to rising consumer demand for diverse culinary options, health-focused diets, and the expansion of food processing industries. Estimated at over $260 billion in 2024, the market is projected to continue growing at a moderate pace, driven by population growth, urbanization, and evolving eating habits.

Key product categories include vegetable oils such as palm, soybean, sunflower, canola, and olive oil, along with animal fats like butter, ghee, and lard. Among these, plant-based oils dominate due to their versatility, longer shelf life, and perceived health benefits.

Health trends are significantly shaping the market. Consumers are increasingly seeking oils low in trans fats and high in omega-3, antioxidants, and unsaturated fats. This has boosted demand for olive, rice bran, and canola oils in particular.

Asia-Pacific leads global consumption, especially due to high demand in India, China, and Southeast Asia. Meanwhile, North America and Europe are witnessing a rise in premium and organic oil preferences.

Sustainability and clean-label trends are also influencing product innovation. As consumers grow more ingredient-conscious, brands focusing on quality, traceability, and eco-friendly sourcing are gaining traction in this dynamic market.