The global cooking oils and fats industry continues to play a vital role in the food ecosystem, serving households, foodservice operators, and food processing companies worldwide. Cooking oils and fats are fundamental ingredients used for frying, baking, food preservation, and flavor enhancement. As food consumption continues to increase globally, the demand for these essential products remains stable and steadily expanding.The Cooking Oils And Fats Market was valued at USD 210.8 Billion in 2024 and is projected to grow from USD 215.2 Billion in 2025 to USD 265 Billion by 2035. This growth reflects a compound annual growth rate (CAGR) of approximately 2.1% during the forecast period. The market expansion is largely supported by growing populations, increased urbanization, and the expanding food processing industry across both developed and emerging economies.
GLOBAL SUPPLY CHAIN & MARKET DISRUPTION ALERT
Escalating geopolitical tensions in the Middle East, particularly around the Strait of Hormuz and the Red Sea, are creating significant disruptions across global energy, chemicals, and logistics markets. Critical shipping corridors are under pressure, with major oil, LNG, petrochemical, and raw material flows at risk, triggering supply chain delays, freight cost surges, insurance withdrawals, and heightened price volatility. These disruptions are increasing operational risks and cost uncertainties for industries dependent on global trade routes and energy-linked feedstocks.
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