Global Organic Edible Oil Market Overview
Organic Edible Oil Market Size was estimated at 30.06 (USD Billion) in 2022. Organic Edible Oil Industry is expected to grow from 32.6(USD Billion) in 2023 to 67.75 (USD Billion) by 2032. The Organic Edible Oil Market CAGR (growth rate) is expected to be around 8.46% during the forecast period (2024- 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Organic Edible Oil Market Trends Highlighted
The Organic Edible Oil Market is experiencing a surge in demand driven by the growing health consciousness among consumers and the increasing adoption of organic lifestyles. Consumers are seeking natural, unprocessed, and sustainable alternatives to conventional edible oils, fueling the popularity of organic edible oils. The market is further bolstered by the growing demand for premium and gourmet products, as well as the expansion of the organic food industry.Opportunities for growth lie in the exploration of new sources of organic edible oils and the development of innovative extraction techniques. The use of alternative crops, such as sunflower, pumpkin, and avocado, presents opportunities to diversify the market and cater to specific consumer preferences. Additionally, advancements in technology and sustainable practices are expected to drive innovation in the organic edible oil industry.Recent market trends include the increasing preference for cold-pressed and unrefined organic edible oils, which are perceived as retaining more nutrients and flavors. The growing popularity of plant-based diets and veganism is also driving demand for organic edible oils as healthy and ethical alternatives to animal-derived fats. The market is also witnessing a shift towards e-commerce platforms for the distribution of organic edible oils, providing convenience and accessibility to consumers.
Organic Edible Oil Market Drivers
Growing Health Consciousness
One of the market drivers that affect the market of edible oils is consumers’ greater awareness of the health benefits connected to organic edible oils. Organic oils are considered to be much healthier than already mentioned traditional oils due to their properties. For example, when it comes to edible oils since organic oils are free of any pesticides or harmful chemicals, people find them healthier. Another important feature of organic edible oils is that they are good for environmental issues.Nowadays consumers are more concerned with the state of the environment, and they are very conscious about the need to preserve it. One of the ways to do so is to use organic oil. The organic foods, including the oils, are grown using the more environmentally friendly and sustainable methods. The landscape and wildlife did not suffer and are naturally sustained due to such agriculture. This type of oil also prevents soil erosion and water conservation.There is a growing awareness about the need to provide our descendants with the needed condition to use for their foods and a growing part of the population is more prepared to choose organic foods over all others. If earlier on organic edible oil production was only a part of the total oil industry, now it is becoming a significant factor influencing the industry. Based on this, we can see that one of the most important market drivers in the Organic Edible Oil Market Industry is the customers. With time, since they are becoming more aware of healthy foods and more concerned about the state of the environment, we can observe the growth of the market.
Rising Disposable Income
With the economy continuously growing, it is apparent that the disposable income of consumers in developing countries is increasing. Receipt of such disposable income is evident that there will be changes in the consumer spending pattern. Consumers will spend more on high-quantity food products. Organic edible oils are seen as premium products; hence, they are one of the food products benefiting from the increased disposable income of consumers living in developing countries.Secondly, the ever-growing middle class in developing countries is boosting the demand for organic edible oils. The middle class is keen on either protecting their health or the environment. They spend more on organic foods. The demand is also apparent that the middle class in developing countries is driving the demand for organic edible oil.
Government Support
Many of the world's governments are showing extra support to the organic food industry. They give industries many advantages, such as paying subsidies, doing tax deductions, and helping in advertising. Thanks to these, the production of organic oils is getting cheaper, hence less expensive for people. At the same time, the government of many countries makes the rules of production and packages of the product. With that help, we can show that the product is 100% what we need766791.
Organic Edible Oil Market Segment Insights
Organic Edible Oil Market Type Insights
Type The organic edible oil market has been segmented, according to type, into virgin organic oils, extra virgin organic oils, refined organic oils, and blended organic oils. The virgin organic oil segment is expected to dominate the market share of 2023, as it is nutritious and flavorsome. The extra virgin organic oils segment is expected to expand at a notable growth rate of 4.65% during the review period due to its increasing demand as the food flavor in the food and beverage industry. The refined organic oils segment is expected to retain a prominent share of the organic edible oil market, which includes a variety of oils that have a relatively longer shelf life.The blended organic oils segment is expected to grow at a moderate growth rate of 4.08% accounting for the lowest price and higher demand over other types. Industry/ Innovation/ Related News The key players in the organic edible oil market are focusing on expanding their geographical presence and are investing in research and development to introduce new products and enhance their product portfolio. For instance, in 2020, a leader in plant-based specialty oils and fats, AAK AB extended its presence in the European market. Moreover, the major players are focusing on new product launches to expand their customer base and strengthen their footprints across the world.Top players in the organic edible oil market are identified as Cargill, Inc., Archer Daniels Midland Company, Bunge Limited, Wilmar International Limited, and AAK AB among others. The rise in demand for organic foods has provided significant opportunities for manufacturers to penetrate the new market and deploy the resources to increase the production of organic products. The growing demand for healthy and hygienic food products is one key factor likely to act as a driver for the market.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Organic Edible Oil Market Source Insights
Th Organic Edible Oil Market is divided by source. The source segment is classified as Vegetable Oils, which include Soybean, Sunflower, Palm, Olive, Canola, and Seed Oils, which are as follows Sesame, Flaxseed, Pumpkin Seed, and Nut Oils that is, Almond, Walnut, Peanut. Vegetable Oils revenue was dominating in the organic edible oil market in 2018, and this is expected to pave the way for the dominance of the source in this market till 2028. Vegetable Oils have a variety of applications, and they include cooking, salad dressing and also other food products.Seed Oils are gaining importance in the health segment due to the presence of Omega 3 fats in cereals and are used as cooking oil, salad dressing and food supplements. Nut Oils are also gaining popularity. They are used for fragrance and along with other oils in salad dressings, cooking oils and body oils. The demand for organic edible oils focuses on their health benefits and the increase in awareness of health benefits and willing to pay the price for organic foods and their free availability of pesticides and genetically modified food substances. The market also increases due to the increase in supply owing to organic farming experienced by companies that do organic farming and make their products available to customers in the market.
Organic Edible Oil Market Packaging Format Insights
The Organic Edible Oil Market is segmented into various packaging formats, including bottles, jars, pouches, and cans. Among these, bottles hold a significant market share due to their convenience, durability, and ability to preserve the quality of the oil. Bottles are transparent, allowing consumers to easily view the product and its color, and they come in different sizes to meet diverse consumer needs. Jars are another popular packaging format, particularly for premium and specialty organic edible oils. They offer a more luxurious and sophisticated look and can be resealed, making them ideal for storing and preserving the oil's freshness.Pouches, on the other hand, are flexible and lightweight, making them easy to transport and store. They are often used for bulk packaging of organic edible oils and are a cost-effective option for manufacturers. Cans are also used for packaging organic edible oils, providing excellent protection against light and oxygen, which helps maintain the oil's quality and freshness. Segmentation insights and data on market size, growth rate, and trends for each packaging format are crucial for industry stakeholders to make informed decisions and capitalize on growth opportunities in the Organic Edible Oil Market.
Organic Edible Oil Market Application Insights
The Organic Edible Oil Market is segmented into various applications, including cooking, baking, salad dressings, sauces and dips, and personal care products. Among these, cooking accounts for the largest share of the market, owing to the increasing adoption of organic cooking practices by consumers. The demand for organic edible oils in cooking is being driven by the growing awareness of the health benefits associated with organic foods, as well as the perceived superior taste and flavor of organic oils. The baking segment is also witnessing significant growth, supported by the rising popularity of home baking and the increasing demand for organic baked goods.Organic edible oils are preferred in baking due to their ability to enhance the taste, texture, and shelf life of baked products. Salad dressings, sauces, and dips are another important application segment for organic edible oils. The growing demand for healthy and flavorful condiments is driving the growth of this segment. Organic edible oils are increasingly used in salad dressings, sauces and dips due to their perceived health benefits and ability to enhance the taste of these products. The personal care segment is expected to witness steady growth in the coming years, driven by the increasing demand for organic personal care products.Organic edible oils are used in various personal care applications, such as moisturizers, soaps, and cosmetics, due to their nourishing and emollient properties.
Organic Edible Oil Market Certification Insights
The Organic Edible Oil Market is segmented based on certification, which includes USDA Organic, EU Organic, JAS Organic, and Bio Suisse. Among these certifications, USDA Organic held the largest market share in 2023, and it is projected to continue its dominance throughout the forecast period. This is attributed to the high demand for USDA Organic-certified organic edible oil in North America, particularly in the United States. EU Organic certification is also gaining popularity, especially in Europe, due to its strict standards and regulations.JAS Organic certification is widely recognized in Japan and is expected to witness significant growth in the Asia-Pacific region. Bio Suisse certification, which is specific to Switzerland, is known for its high-quality standards and is expected to contribute to the growth of the organic edible oil market in Europe. The increasing consumer awareness about the health benefits of organic products and the growing demand for sustainable and eco-friendly food products are driving the growth of the organic edible oil market.
Organic Edible Oil Market Regional Insights
The Organic Edible Oil Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America is expected to hold the largest market share in 2023, accounting for around 35%. Europe is expected to follow North America, with a market share of around 28%. APAC is expected to be the fastest-growing region, with a CAGR of around 10% during the forecast period. The growth in APAC is attributed to the increasing demand for organic food products in countries such as China and India. South America and MEA are expected to have a moderate growth rate during the forecast period.The growth of the Organic Edible Oil Market is driven by the increasing demand for organic food products. Consumers are becoming more aware of the health benefits of organic food products and are willing to pay a premium for them. Organic edible oils are perceived as being healthier and more sustainable than conventional edible oils. This has led to an increase in the demand for organic edible oils in both developed and developing countries. The Organic Edible Oil Market is highly competitive. There are a number of large, multinational companies that dominate the market.These companies have a wide range of products and distribution channels. They also have the resources to invest in research and development. However, there are also a number of small and medium-sized companies that compete in the market. These companies often focus on specific niche markets or products.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Organic Edible Oil Market Key Players And Competitive Insights
Major participants operating in the Organic Edible Oil Market are constantly trying to gain a competitive edge through growth measures such as product innovation, merger, and acquisition. Leading Organic Edible Oil Market participants have invested significant amounts of money in research and development to conform to the changing consumer preference and demand for organic edible oil. The growing trend of leading a healthy life and consumption of organic and natural food products is responsible for the development of the Organic Edible Oil Market.Cargill is a major competitor in the organic edible oil segment. The company has a presence and offers a range of organic edible oils like soybean oil, canola oil, and sunflower oil.
The company has an effective sustainability approach that has resulted in a number of accomplishments. The company also takes part in strategic partnerships and acquisitions to increase its product range along with its market presence. Archer Daniels Midland is another major competitor of organic edible oil in the market. The company has a presence and the company is the market leader in the agriculture business. Archer Daniels Midland markets a wide range of organic edible oils, and it has a strong presence in North America, South America, and Europe regions. The company is expanding its operation in the Asia-Pacific region. The company has been investing in research and development to create innovative organic edible oil products to adapt to the evolving trend demand. The company also has a strong sustainability approach and various goals have been set in terms of reducing the environmental impact.
Key Companies in the Organic Edible Oil Market Include
- CHS Inc.
- Viterra
- ADM
- Mitsubishi Corporation
- Bunge
- Kerry Group
- IOI Corporation
- Archer Daniels Midland
- Raisio
- Lantmannen
- Louis Dreyfus Company
- Cargill
- AAK
- Wilmar International
- Nissin Foods Holdings
Organic Edible Oil Market Industry Developments
The organic edible oil market is projected to reach USD 67.75 billion by 2032, exhibiting a CAGR of 8.46% during the forecast period (2024-2032). The rising health consciousness and preference for natural and organic products among consumers are major factors driving market growth. Growing demand for organic edible oils in food and beverage, cosmetics, and personal care industries is further propelling the market forward. Key industry players are investing in research and development to innovate new products and expand their market share. Strategic partnerships and acquisitions are also prevalent in the market as companies seek to consolidate their position. Recent news developments include the launch of new organic edible oil products by major brands, collaborations between industry players to enhance supply chain efficiency, and government initiatives to promote organic farming practices.
Organic Edible Oil Market Segmentation Insights
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Organic Edible Oil Market Type Outlook
- Virgin Organic Oils
- Extra Virgin Organic Oils
- Refined Organic Oils
- Blended Organic Oils
-
Organic Edible Oil Market Source Outlook
- Vegetable Oils (Soybean, Sunflower, Palm, Olive, Canola)
- Seed Oils (Sesame, Flaxseed, Pumpkin Seed)
- Nut Oils (Almond, Walnut, Peanut)
-
Organic Edible Oil Market Packaging Format Outlook
- Bottles
- Jars
- Pouches
- Cans
-
Organic Edible Oil Market Application Outlook
- Cooking
- Baking
- Salad Dressings
- Sauces and Dips
- Personal Care Products
-
Organic Edible Oil Market Certification Outlook
- USDA Organic
- EU Organic
- JAS Organic
- Bio Suisse
-
Organic Edible Oil Market Regional Outlook
- North America
- Europe
- South America
- Asia-Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
30.06(USD Billion) |
| Market Size 2023 |
32.6(USD Billion) |
| Market Size 2032 |
67.75(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
8.46% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
CHS Inc., Viterra, ADM, Mitsubishi Corporation, Bunge, Kerry Group, IOI Corporation, Archer Daniels Midland, Raisio, Lantmannen, Louis Dreyfus Company, Cargill, AAK, Wilmar International, Nissin Foods Holdings |
| Segments Covered |
Type, Source, Packaging Format, Application, Certification, Regional |
| Key Market Opportunities |
1 Rising Health Consciousness2 Increasing Demand in Emerging Markets3 Growing Vegan and Flexitarian Population4 Technological Innovations5 Government Support for Organic Farming |
| Key Market Dynamics |
1 Rising health awareness and demand for healthy and sustainable food products2 Increasing disposable income and changing consumer lifestyles3 Government regulations and support for organic farming practices4 Technological advancements and innovation in organic oil production5 Growing penetration of organic edible oils in retail and online channels |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Organic Edible Oil Market reached a valuation of 32.6 billion USD in 2023, showcasing a promising growth trajectory.
The market is expected to expand at a steady CAGR of 8.46%, indicating a substantial increase in market size over the forecast period of 2024-2032.
North America is projected to lead the market, driven by growing health consciousness, rising disposable incomes, and increasing demand for organic products in countries like China and India.
Organic Edible Oils are widely used in cooking, baking, and salad dressings. They are also gaining popularity in the food processing industry due to their perceived health benefits.
Key players in the market include Archer Daniels Midland Company, Bunge Limited, Cargill, Incorporated, and Wilmar International Limited, among others.
The market's growth is attributed to rising consumer awareness about the health benefits of organic products, increasing disposable incomes, and the growing popularity of plant-based diets.
The market may face challenges related to fluctuations in raw material prices, supply chain disruptions, and competition from conventional edible oils.
Opportunities for growth lie in expanding into emerging markets, developing new product offerings, and increasing the availability of organic edible oils through various distribution channels.
Businesses can capitalize on growth opportunities by investing in research and development, expanding their product portfolios, and forming strategic partnerships to increase market reach.
Future trends include the increasing adoption of sustainable farming practices, the development of new technologies for oil extraction, and the growing demand for organic edible oils in the food service industry.
