The global salad oil market is anticipated to garner a revenue of about USD 348 billion by 2032, up from USD 177 billion in 2022, advancing at a CAGR of 6.9% during the forecast period (2022 to 2032).
The demand for salad oil is gaining momentum due to a shift in consumer behaviour and eating habits from the same number of dishes towards exploring new food varieties and experiencing a wide range of flavours.
The growing number of health-conscious consumers who enjoy salads with their meals has encouraged hotels and restaurants to serve salads by making them look more appealing and taste delicious, resulting in soaring sales of salad oil in the hotel industry.
| Report Attribute | Details |
|---|---|
| Salad Oil Market Value (2022) | USD 177 Billion |
| Salad Oil Market Anticipated Forecast Value (2032) | USD 348 Billion |
| Salad Oil Market Projected Growth Rate (2022 to 2032) | 6.9% |
Salad oil is a light-tasting vegetable oil used for salad dressing and to impart a specific flavour and consistency to the salad, due to which many from around the world are opting for the same thereby surging the demand for salad oil.
Salad oil is extracted mainly by cold pressing method from vegetable sources such as nuts, seeds, and fruits., which are considered to be a nutrient reserve. Hence, people, worldwide, who are switching to healthy diets spike the sales of salad oil.
Salad oil is considered to be the best oil for salad dressing as the most common sources include peanut, corn, soybean, sunflower, canola, olive, etc., which cater to the health of many.
The demand for salad oil is on the rise as salad oil is used in the food processing industry mainly, in the preparation of salad dressing, bakery mixes, mayonnaise, and also for pizza crust.
In households, hotels, and restaurants, salad oil is used for salad dressing preparation as well as preparing cold dishes, such as bread dips and drizzling over food, providing impetus to the overall sales of salad oil.
The rising demand for salad oil can also be attributed to the fact that customers who have been dealing with various lifestyle-related issues such as diabetes, obesity, etc. since a young age are paying heed to where the food ingredients come from, and the quality of the ingredients used.
Consumers have demanded transparency as a result of increased chemical use in manufacturing and increased awareness of the health risks associated with tainted foods thereby surging the sales of salad oil as they are choosing the food with more nutritive value.
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The demand for salad oil is mainly driven by the increasing consumption of processed food products such as mayonnaise, salad dressings, etc.
Mayonnaise and salad dressing products first originated in the European region and are consumed on a large scale in European countries, in turn, spurring the sales of salad oil as well.
And the demand for salad oil as well as sales of salad oil is greatly pushed forward by the growing adoption of European food culture worldwide, such as the consumption of salad and introduction, such as antipasto.
Salad oil from vegetable sources is healthy due to the high content of monounsaturated fats and polyphenols, encouraging many to go for it thereby soaring the sales of salad oil.
The rising sales of salad oil are also on account of the fact that salad oil is low in saturated fat content and is trans-fat free that are unhealthy.
The Benefits associated with salad oil in connection with weight loss, inflammation reduction, and risk of heart disease reduction further augment the demand for salad oil around the world.
The demand for salad oil is likely to go up as polyphenols have antioxidant properties, and have been discussed to reduce the risk of diabetes, cardiovascular problems, and neurodegenerative diseases.
The rise in the health consciousness around the globe is increasing the opportunity for healthy products, including salad oil and the same is expected to greatly aid the global sales of salad oil.
The salad oil market share is likely to expand as manufacturers of salad oil are providing organic, non-GMO, Kosher, Halal, and SQF-certified products.
And considering the current consumer perception and demand for such products, manufacturers offering salad oil with these claims have increased the overall demand for salad oil.
Currently, the global salad oil market share is dominated by the North American and European regions due to the regular consumption of salad and salad dressing products such as salad oil.
In the Asia Pacific and the Middle East and African region, due to the changing food culture and eating habits, demand for salad oil is on the surge.
The increasing middle-class population and middle-class population income are creating a conducive environment for the overall sales of salad oil since the purchasing power of the customer is increasing in these regions.
Some of the key players in the salad oil market include Trio Agencies, Melrose Plc, Bio Planete F.J. Moog SAS, Salad Oils International Corporation, Cargill Inc., PYCO Industries, Avatar Corporation, COFCO Corporation, Sovena Group, Stratas Foods,
A few other key players are Maeva Group International, Archer Daniels Midland Company, California Rice Oil Company, AG Processing Inc., and Columbus Vegetable Oils.
Manufacturers are innovating new products to have improvised properties to consolidate their market position by expanding their salad oil market share.
One such recent development in the salad oil market is the blend of vegetable oil and omega-3 derived from marine sources that have increased health benefits.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 6.9% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2014 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Nature, Source, Distribution Channel, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
| Key Companies Profiled | Trio Agencies; Melrose Plc; Bio Planete F.J. Moog SAS; Salad Oils International Corporation; Cargill Inc.; PYCO Industries; Avatar Corporation; COFCO Corporation; Sovena Group; Stratas Foods; Maeva Group International; Archer Daniels Midland Company; California Rice Oil Company; AG Processing Inc.; Columbus Vegetable Oils |
| Customization | Available Upon Request |
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The global salad oil market is projected to move ahead with a CAGR of 6.9% during the forecast period (2022 to 2032).
The salad oil market share is mainly driven by the increasing consumption of processed food products such as mayonnaise, salad dressings, etc.
Some of the key players in the global salad oil market are Trio Agencies, Melrose Plc, Bio Planete F.J. Moog SAS, Salad Oils International Corporation, and Cargill Inc.
| Estimated Market Size (2024E) | USD 5,891 million |
|---|---|
| Projected Market Value (2034F) | USD 8,189 million |
| Value-based CAGR (2024 to 2034) | 6.8% |
| Market Size - 2023 | USD 1.356 billion |
|---|---|
| Market Size - 2033 | USD 3.9 billion |
| Market CAGR (2023 to 2033) | 11% |
| Market Size Value in 2023 | USD 826.6 million |
|---|---|
| Market Forecast Value in 2033 | USD 1,271.5 million |
| Global Growth Rate (2023 to 2033) | 4.40% CAGR |
| Market Size Value in 2022 | USD 712.1 Million |
|---|---|
| Market Forecast Value in 2032 | USD 1,160.0 Million |
| CAGR (2022 to 2032) | 5.0% |
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Salad Oil Market
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