North America Cooking Oils And Fats Market Report

North America Cooking Oils and Fats Market Size

The North America cooking oils and fats market size was valued at USD 24.25 billion in 2024, and the market size is expected to reach USD 35.21 billion by 2033 from USD 25.28 billion in 2025. The market's promising CAGR for the predicted period is 4.23%.

MARKET OVERVIEW

Cooking oils and fats are made up of saturated, poly-saturated, and mono-saturated fatty acids. Saturated fats increase the body cholesterol levels, while mono-saturated and poly-saturated fats tend to lower cholesterol level in the body. The growing demand for cooking oils and fats in developing countries such as India, Indonesia and Argentina is the primary factor that is driving the demand for the market. The rise in the disposable income of consumers and the growing busy lifestyle of the consumer is a secondary reason driving the demand for processed foods and ready to drink beverages worldwide. This factor, in turn is driving the demand the market worldwide. Additionally, rising use of high-quality edible oils related to the moderate consumption of oils and fats is also another key factor that is driving the demand for the market. Inordinate consumption of fats and oils pose as a significant threat to the market. Processed foods like French Fries, Pizzas, and Doughnuts have a large number of trans-fats that is not healthy if consumed regularly. The consumption of trans-fats increases the LDL in the body. Additionally, consumption of trans-fats raise the incidences of numerous heart diseases, type 2 diabetes and cancer. Furthermore, the high price of raw materials makes the entry of a new player in the market extremely difficult.

MARKET SEGMENTATION

This research report on the North America Cooking Oils and Fats market has been segmented and sub-segmented into the following categories.

North America Cooking Oils and Fats Market By form

• liquid
• solid

The liquid segment dominated the market in 2018, and is projected to be the fastest-growing segment as oils are largely consumed for cooking purposes and in biodiesel, where liquid form is preferred over solid. The crystalline form of the fat has a considerable effect on the melting point and the performance of the fat in different applications in which it is used.

North America Cooking Oils and Fats Market By source

• vegetable
• animal

North America Cooking Oils and Fats Market By application

• Bakery & Confectionary
• Processed

Processed Food is further sub-segmented into Snacks & Savoury, R.T.E Foods/Convenience Foods, Sauces, Spreads, and Dressings, and others (Incl. Meat Products).

North America Cooking Oils and Fats Market By Type

• oil
• fat

Oil is further sub-segmented into palm oil, soybean oil, sunflower oil, rapeseed oil, olive oil, and other oils. Fats are further sub-segmented into Butter & Margarine, Lard, Tallow, and others. By vegetable oil type, the market is projected to be dominated by the palm oil category, followed by soybean oil and rapeseed oil. Palm oil has emerged as the most commonly utilized vegetable oil for edible purposes, especially in China, which is one of the biggest consumers of vegetable oils. The demand for palm oil is rising, owing to rise in industrial applications like biodiesel and oleo chemicals. By fat type, the butter & margarine segment commanded the largest market share in 2018. The demand for butter is greater in contrast to that for margarine, owing to the growth in preference for natural products like butter. Factors like change in customer habits and price difference between butter & margarine also fuel the demand for butter.

North America Cooking Oils and Fats Market By Country

• U.S
• Canada
• Mexico
• Rest of North America

The cooking oil and fat market in North America is propelled by technologically advanced processes utilized in manufacturing by market players, high per capita income, and rise in fast food consumption among the population. Public health agencies have made considerable efforts to promote the consumption of low-calorie, cholesterol-free cooking oils. Well-educated, higher-earning consumers use these products to reduce the effects of aging This is has increased the demand for foods that are healthy, natural, and nutritious, which in turn is expected to drive the cooking oil and fat market in North America during the forecast period.

KEY MARKET PLAYERS

Unilever PLC, Cargill, Inc., International Foodstuff Company Limited, United Plantations Berhad, Wilmar International Limited, Archer Daniels Midland Company, Associated British Foods plc, Bunge Limited, CHS Inc., ConAgra Foods Inc are some of the notable companies in the North America Cooking Oils and Fats market.