Asia Pacific Cooking Oil Market

Asia Pacific Cooking Oil Market Size (2024 to 2029)

Asia Pacific Cooking Oil Market size is estimated to reach USD 42.23 billion by 2029 from USD 34.53 billion by 2029, with a growing CAGR of 4.11%.

MARKET OVERVIEW

Cooking oil is a fat that is obtained from animal, plant, and synthetic sources which are used for cooking. It is also used for flavoring purposes without using heat by spreading over foods such as salad dressings and bread dips. Cooking Oil comes in many forms from plant sources such as palm oil, olive oil, canola oil, soybean oil, peanut oil and other vegetable oils and animal-based examples are butter and lard. The guidelines are that 10% or less of calories obtained daily shall be from saturated fat and 20-35% of obtained calories daily shall come from monounsaturated and polyunsaturated fats. Oils such as coconut oil, palm oil, and palm kernel oil are high in saturated fat, which upon high usage is associated with cardiovascular diseases and high LDL concentration in the blood. Trans fats are known not to promote good health and consumption is associated with coronary heart disease.The Asia Pacific Cooking Oil market is driven by factors like a rising preference for convenience foods, rising awareness about biofuel, rising consumption of vegetable oils, rising population, and diversification of products among others. However, the market is constrained by factors like the high price involved in the process of extraction of oil from seeds and adverse climatic conditions in some regions.

This research report on the market has been segmented and sub-segmented into the following categories.

Asia Pacific Cooking Oil Market By Extraction Method

• solvent extraction
• mechanical extraction
• hydrogenation
• sparging

Asia Pacific Cooking Oil Market By Application

• food
• diesel
• industrial sub-segments

Asia Pacific Cooking Oil Market By Type

• palm kernel oil
• palm oil
• canola oil
• soybean oil
• sunflower oil
• minor vegetable oil

Asia Pacific Cooking Oil Market By Country

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of Asia-Pacific

Asia Pacific region has the largest market for cooking oil in the world and is also the fastest growing region in the world. Factors such as the rising preference of customers for convenience foods and the growing population are expected to propel the market growth in the region.

KEY MARKET PLAYERS

Ach Food Companies Inc., Archer Daniels Midland Company, Beidahuang Group, Bunge Alimentos SA, Bunge Asia Pacific Inc., Carapelli Firenze S.P.A, Cargill Agricola S.A., Cargill Investment (China) co. ltd, Chinatex Corporation are some of the notable companies in the Asia Pacific Cooking Oil market.