US Edible Oils and Fats Market

The US edible oils and fats market size was valued at US$ 9,525.60 million in 2022 and is projected to reach US$ 13,114.97 million by 2030; it is expected to register a CAGR of 4.1% from 2023 to 2030.

Market Introduction

Edible oils are common vegetable oils including soybean oil, sunflower oil, and others. At room temperature, oils are liquid, while fats are partially solid. Edible oils are mainly sourced from soybean, coconut, rapeseed, palm, sunflower, and cottonseed. Oils and fats improve taste of the food and provide good texture to the final product. Edible oils are commonly used in industrial food manufacturing and home cooking worldwide and are the primary source of unsaturated fats and vitamin E in human diets. The growing importance of edible oils and fats as a key source of several nutrients, including vitamin E, selenium, phytosterols, and magnesium, in the food & beverages industry is expected to remain a favorable factor in the coming years. These factors are expected to drive the market in the US during the forecast period.

The edible oils and fats sector is witnessing promising growth across the US, attributed to their increasing adoption by food manufacturing and processing industries. According to the United States Department of Agriculture (USDA), soy oil is the second largest consumed vegetable oil. It is extensively utilized for frying, cooking, shortening, and margarine. Moreover, the confectionery industry significantly utilizes butter as a primary ingredient followed by margarine. The high-quality edible oils and fats are used for various food & beverages applications such as in bakery & confectionery, dairy & frozen desserts, beverages, snacks, and RTE & RTC meals. Refined oils and fats are a rich source of lipids. Thus, their consumption is increasing due to increasing application and growing population in the country.

The food & beverages industry in the US is continuously growing owing to emerging trends such as sustainability, preference for convenience and ready-to-eat products, and rising adoption of organic and plant-based products. The industry is witnessing substantial motion with innovation in processes, products, and services to cater to rapidly changing consumer preferences. According to the United States Census Bureau, there were 39,646 food and beverage manufacturing plants in the US in 2020. Of which California, Texas, and New York had 6,116, 2,625, and 2,600 respectively. Thus, the demand for edible oils and fats is increasing with the growing food & beverages industry in the country, positively influencing the market growth.

Key Market Segments

Based on type, the US edible oils and fats market is segmented into oils and fats. In 2022, the oils segment is expected to register the highest CAGR during the forecast period. Vegetable oils can be derived from seeds, cereal grains, nuts, and fruits. The most consumed oils are olive, sunflower, palm, canola, coconut, safflower, corn, peanut, cottonseed, palm kernel, and soybean. The segment growth is majorly attributed to increasing demand from food and beverages, and animal nutrition application.

Based on the application, the US edible oils and fats market is divided into food and beverages, pharmaceuticals and nutraceuticals, and animal nutrition. The food and beverages segment hold a significant share in the market. The demand for edible oils and fats, such as shortenings, is gradually increasing in bakery and confectionery segment as they lubricate the structure of bakery products and shorten or tender flour proteins. Fats and oils in the mixture hold many air cells incorporated during creaming, making the products smooth and creamy. Fats act as enriching agents, add calorie value to baked foods, and develop flakiness in products. The rising demand for baked products, including cakes, breads, cookies, and biscuits, significantly drives edible oils and fats utilization.

Major Sources and Companies Listed

A few major primary and secondary sources referred to while preparing the US edible oils and fats market report are company websites, annual reports, financial reports, national government documents, and statistical databases. Bunge Ltd, Archer-Daniels-Midland Co, Fuji Oil Co Ltd, Kao Corp, AAK AB, J-Oil Mills Inc, Cargill Inc, Olam Group Ltd, ConnOils LLC, and Louis Dreyfus Co BV are the major companies listed in the report. These companies face competition on the basis of a wide product portfolio. Moreover, companies are adopting various development strategies to enhance their market share.

Reasons to Buy Report

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US Edible Oils and Fats Market – by Type

• Oils
  • Soybean Oil
  • Sunflower Oil
  • Palm Oil
  • Canola Oil/Rapeseed Oil
  • Others
• Fats
  • Butter
  • Margarine
  • Palm Oil Based Shortening
  • Vegetable Oil Based Shortening
  • Others

US Edible Oils and Fats Market – by Application

• Food and Beverages
  • Bakery and Confectionery
  • Dairy and Frozen Desserts
  • RTE and RTC Meals
  • Snacks
  • Others
• Animal Nutrition
• Pharmaceuticals and Nutraceuticals

US Edible Oils and Fats Strategic Insights

Strategic insights for the US Edible Oils and Fats provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

US Edible Oils and Fats Report Scope

US Edible Oils and Fats Regional Insights

The geographic scope of the US Edible Oils and Fats refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.