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Revenue in the Edible Oils market amounts to US$1.99bn in 2024. The market is expected to grow annually by 5.09% (CAGR 2024-2029).
In global comparison, most revenue is generated India (US$35bn in 2024).
In relation to total population figures, per person revenues of US$16.25 are generated in 2024.
In the Edible Oils market, volume is expected to amount to 482.60m kg by 2029. The Edible Oils market is expected to show a volume growth of 5.4% in 2025.0.
The average volume per person in the Edible Oils market is expected to amount to 3.18kg in 2024.

Definition:

The Edible Oils market covers any type of oil that is extracted from plants and nuts and is used for cooking and food preparation.

Additional Information:

The market comprises revenue and average revenue per capita, volume and average volume per capita, price per unit (unit refers to kilogram), sales channels. The market encompasses retail sales through both online and offline sales channels to private end customers (B2C). The market only covers at-home consumption; out-of-home consumption is not included.

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Olive oil
Sunflower oil
Other edible oils (e.g. palm, soybean, coconut oil, canola oil, rapeseed oil, sesame oil, soybean oil)
Cooking oil blends

Butter
Margarine
Animal fats (e.g. lard)
Out-of-home consumption

The Edible Oils Market in Japan has been experiencing a negligible decline, influenced by factors such as shifting dietary preferences, increased health consciousness, and a growing focus on sustainability in food production practices.

Customer preferences: Consumers in Japan are increasingly prioritizing health and well-being, influencing their choices in edible oils. There's a notable shift towards oils perceived as healthier, such as olive, avocado, and canola oils, reflecting a growing interest in Mediterranean and plant-based diets. Additionally, younger generations are more inclined to seek organic and sustainably sourced options, driven by environmental concerns. This trend is further accentuated by urbanization and the rising influence of social media, which promotes awareness of nutrition and cooking practices that align with a modern, health-conscious lifestyle.

Trends in the market: In Japan, the Edible Oils Market is experiencing a significant trend towards healthier oil options, with consumers increasingly favoring oils such as olive, avocado, and canola, which align with Mediterranean and plant-based diets. This shift is largely driven by a heightened awareness of health and nutrition, particularly among younger generations who prioritize organic and sustainably sourced products. Urbanization and social media influence are further amplifying these trends, creating opportunities for industry stakeholders to innovate and cater to the demand for health-conscious, environmentally friendly oil choices, ultimately reshaping the competitive landscape.

Local special circumstances: In Japan, the Edible Oils Market is uniquely shaped by cultural preferences and culinary traditions that emphasize the use of traditional oils like sesame and rapeseed, alongside the emerging demand for healthier alternatives. The country’s rich history of rice cultivation influences dietary habits, promoting a shift towards oils that complement staple dishes. Additionally, stringent food safety regulations and certifications foster consumer trust in organic and sustainably sourced products. This combination of cultural heritage and regulatory frameworks drives innovation and shapes the competitive dynamics in the market.

Underlying macroeconomic factors: The Edible Oils Market in Japan is significantly influenced by macroeconomic factors such as consumer spending patterns, import tariffs, and the overall economic climate. As Japan navigates economic challenges, including an aging population and slow growth rates, discretionary spending on premium edible oils reflects consumers' shifting preferences toward health-conscious options. Additionally, fluctuations in global oil prices and currency exchange rates impact import costs and retail pricing strategies. Fiscal policies promoting agricultural sustainability and organic farming further encourage market growth, while rising awareness of health benefits drives innovation and diversification within the edible oils sector.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the total consumer spending on food, which comprises all private household spending on food that is meant for at-home consumption (out-of-home consumption is not accounted for).

Modeling approach:

Market sizes are determined through a top-down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending, and consumer price index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Food market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.