North America Fats And Oils Market

North America Fats and Oils Market Size (2024 to 2032)

North America Fats and Oils Market size was worth USD 77.09 billion in 2024 and estimated to be growing at a CAGR of 4.17%, to reach USD 106.91 billion by 2032.

Fats and oils are organic substances which form an essential part of the human diet in addition to having various industrial applications. The usual form of fats and oils are in solid and liquid state respectively. Fats and oils are considered as high energy food substances which provide to the likes of 9 calories per gram of fat. The energy density is also higher compared to proteins and carbohydrates.

Additionally, fats and oils have lubricating, emulsifying and whipping properties as well as a high caloric value. A special category of edible fats called dietary fats are important in supporting cell growth and protection of body organs. Their other functions include developing hormones and regulate vitamins in the body. They also find applications in industrial manufacture of edible products due to their smooth, creamy and rich texture and their milky and creamy appearance.

Market Drivers 

The major driver of the North America fats and oils market is the large number of industries in the region who find applications for fats and oils. The confectionary and bakery industry in North America is the highest grosser of fats and oils market. They are also demanded in large quantities for use in oleochemical industries and for the production of biodiesel. The increasing demand for vegetable oil in the region also fuels the growth of the market. Other factors include rising population and rising demand for processed food.

Market Restraints

Inspite of the drivers, the challenges regarding their manufacture and the increasing health concerns among consumers are restraints for the market growth.

Segmental Analysis

North America Fats and Oils Market By Product Type

• Palm
• Sunflower
• Olive
• Soybean
• Rapeseed
• others

North America Fats and Oils Market By Application

• Food
• Industrial
• Personal Care
• Animal Feed
• Pharmaceutical

North America Fats and Oils Market By Animal Fats 

• Butter
• Ghee
• Lard
• Suet

North America Fats and Oils Market By Form

• Solid
• Liquid

North America Fats and Oils Market By Source

• Plants
• Animals

North America Fats and Oils Market By Region 

• US
• Canada
• Mexico
• Rest of North America

The North American market has the second highest market revenue worldwide with it commanding almost a third of the total market share in 2018. The highly developed nature of the market is also evident from the low CAGR for the region since the scope for growth is minimal. The USA fats and oils market is the major player in the region.

Key Players in the Market

Major Key Players in the North America Fats And Oils Market are Cargill, Archer Daniels Midland Company, Bunge Limited, International Foodstuff Company Holdings Limited, Wilmar International, Associated British Foods, Ajinomoto, ConAgra Foods, Unilever PLC, and United Plantations Berhad