The organic edible oil market is likely to capture a valuation of USD 3.14 billion in 2023 and is predicted to reach USD 7.43 billion by 2033. The market is registering a CAGR of 9% during the forecast period.
The market is driven by several factors, including:
Rising Demand for Organic Food Among Consumers Upsurge the Market Size
The increasing awareness among consumers about the benefits of consuming organic food products is raising the adoption of organic edible oil. Organic edible oils are free from harmful chemicals and pesticides and produced using natural and sustainable methods. It is a natural, healthier, sustainable, and environment-friendly option.
Consumers prefer edible olive oil to cook food due to its essential properties and low cholesterol benefits. However, the organic food industry has recently experienced moderate growth as consumers are more conscious about environmental impact. The key companies are focusing on growing the production of organic edible oil from organic farming and production methods.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 9% |
| Market Valuation (2023) | USD 3.14 billion |
| Market Valuation (2033) | USD 7.43 billion |
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The market has been experiencing steady growth between 2018 and 2022. Consumers are more health-conscious and aware of the environmental impact of food production. The increasing demand for organic and non-GMO products, growing health awareness, and the benefits of consuming organic food fuel market growth.
According to Future Market Insights, the market was valued at USD 2.04 billion in 2018 and is expected to reach USD 7.43 billion by 2033. The report also stated that the Asia Pacific region is expected to witness significant growth in the market.
Based on type, the soya oil segment is popularly growing in the global market by registering a significant share by 2033. Soybean oil is commonly used as a cooking oil by consumers due to its Omega-6 fatty acid and vitamin K, which helps regulate bone metabolism. The rising production of organic soy is increasing the availability of soybean oil in abundance, rapidly growing the segment size.
The rising consumer preferences and low pricing greatly increase the demand for soybean oil. Several key companies produce organic oil for cooking purposes for various end-use industries, including the food industry. During the forecast period, these manufacturers are increasing their product portfolio in the Asia Pacific region.
Based on distribution channels, supermarkets/hypermarkets are leading the global market by capturing a maximum portion of revenue. The supermarkets/hypermarkets provide a one-stop-shop setting due to the convenience of purchasing organic edible oils with other groceries. A wide range of products is available in supermarkets/hypermarkets on which consumers can choose as per their preferences.
The key manufacturing companies sell their brand products through supermarkets/hypermarkets, specialty stores, etc. Online retail stores also capture better revenue in the global market by selling cooking oils and other products. Consumers easily buy products through an e-commerce website with better price options and free home delivery services.
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Indian market is rapidly growing due to rising health awareness and consuming organic products. India is one of the significant consumers and producers in the global market to provide a variety of organic oils. This diverse range of oils includes mustard, coconut, sunflower, groundnut, soybean, and sesame.
The demand for organic edible oil is increasing due to rising concerns about health, environmental sustainability, and the negative impact of conventional farming practices. Organic farming is becoming popular as it uses natural and sustainable methods to produce crops, resulting in healthier and more nutrient-rich foods. Organic edible oil is also free from harmful chemicals and preservatives commonly used in conventional farming.
The leading players in the Indian organic edible oil market are Conscious Food, Pure & Sure, 24 Mantra Organic, Organic India, and Kisan. These companies offer a range of organic oils such as coconut, groundnut, mustard, vegetable, and cooking oils.
The government of India is promoting organic farming through various schemes and initiatives which increase the availability and affordability of organic products. The market continues to shine in the coming years by growing environmental awareness.
The United States is one of the significant global markets that secured a relevant share during the forecast period. Consumers are more concerned about their health and are anticipated to increase the adoption of organic edible oil to maintain a better lifestyle. Several key manufacturing companies in the United States organic edible oil market offer a huge quantity of organic oils, including olive, coconut, sesame, and others. These oils are widely used in cooking, baking, salad dressing, and other culinary applications.
Consumers are focused on their health as a last thing due to bust schedules, bad eating habits, and changing lifestyles. The key manufacturing companies are using strategic methodologies to increase the production of organic edible oil in the country. These companies offer organic cooking oils as on availability, flavor, taste, and other factors in the country. Overall, the country is expected to continue growing as more consumers seek out healthier food options.
The United Kingdom organic edible oil market is highly competitive by present key players in the country and internationally. The rising consumers' demand for cooking oil and their willingness to pay premium prices for products free from harmful chemicals. The growing food industry in the country is rapidly fueling the market size. The rising demand for vegan, plant-based diets and organic products is advancing the market growth in the United Kingdom.
According to a report by the Soil Association, the United Kingdom organic food and drink market grew by 12.6% in 2019. Due to the growing trends toward organic and sustainable food, consumers have become more aware of the importance of healthy and sustainable diets. The rising benefits of organic edible oil compared to other conventional oils are surging the United Kingdom market size.
Key players adopted various marketing methodologies to promote organic edible oil products to reach their target audience. Here are a few of the key players and their marketing strategies:
Other Prominent Players in the Market are:
Recent Developments in the Organic Edible Oil Market are:
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| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | United States, United Kingdom, Japan, China, India, Germany |
| Key Segments Covered | Type, Distribution Channels, Region |
| Key Companies Profiled | Cargill Incorporated; Bunge Limited; Archer Daniels Midland Company; Adams Group Inc; Wilmar International Limited; Conagra Brands Inc; Hain Celestial Group Inc; Spectrum Organics; Ventura Foods LLC; NOW Foods; Nutiva; Dr. Bronner’s; Chosen Foods LLC; La Tourangelle Inc |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is estimated to achieve USD 7.43 billion by 2033.
The market is forecast to exhibit a CAGR of 9% through 2033.
Supermarkets/hypermarkets are dominating the global market.
The market to reach USD 3.14 billion by end of 2023.
The soy oil category, according to type, is rapidly expanding in the global market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Palm Oil 5.2. Soybean Oil 5.3. Rapeseed Oil 5.4. Sunflower Oil 5.5. Olive Oil 5.6. Coconut Oil 5.7. Other Oil Types 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Distribution Channel 6.1. Supermarket/Hypermarket 6.2. Specialty Stores 6.3. Convenient Stores 6.4. Online Retail Stores 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. Cargill Inc. 15.2. Nutiva 15.3. Catania Spagna 15.4. EFKO Group 15.5. Aryan International 15.6. Adams Group 15.7. Daabon Organic 15.8. NOW Foods 15.9. B&G Foods, Inc. 15.10. Viva Naturals 16. Assumptions & Acronyms Used 17. Research Methodology
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Organic Edible Oil Market
