Market Overview:

In 2019, the cooking oil market size is estimated at US $ 63,328 million, growing at a CAGR of 1.01% over the forecast period 2020-2025. Cooking oils are nutritious and healthy foods made from saturated, polyunsaturated, and monounsaturated fatty acids. Cooking oils like olive oil, coconut oil, palm oil, butter, and avocado oil provide several health benefits. The growing health awareness and the increasing number of hotels and restaurants, fast food restaurants and quick service restaurants are key factors driving the growth of the market. Additionally, increased new flavor innovations and increased use of healthy ingredients during the 2020-2025 forecast period further boosted the overall market demand for cooking oil Market

Market Drivers and Restraints:
The global increasing level of awareness about the side effects of obesity, such as heart disease and diabetes, and the increasing demand for high-quality edible oils in the food industry are some of the factors driving the growth of the oil and fat market. groceries. Additionally, market growth is also expected to increase as flavor innovations and the use of healthy ingredients increase.The increasing number of hotels and restaurants, fast food restaurants and quick service restaurants are some of the factors driving the growth of the market. Additionally, rising consumer disposable incomes and consumers' busy lifestyles are further contributing to the growth of the cooking oil market.The adverse effects of trans fats due to excessive consumption of fats and oils and strict food safety regulations are challenging the growth of the market. Additionally, high raw material costs further slow down market growth during the forecast period.
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Report is segmented as:
Cooking Oil Market-By Extraction method :
● solvent extraction
● mechanical extraction
● Hydrogenation
● sparging.

Cooking Oil Market-By application :

● Food
● Diesel
● Industrial sub-segments.

Cooking Oil Market-basis of type :

● palm kernel oil
● palm oil
● canola oil
● soybean oil
● sunflower oil
● minor vegetable oil.

Geographical Segmentation:
North America dominated the market share in 2019. This is mainly due to the rise of advanced manufacturing procedures in the oil industry and increased consumption of fast food by consumers.Developing Countries such as China,Japan,South Korea, India are helping to increase the Cooking oil Market. According to the US Department of Agriculture, cooking oil has become the most widely consumed product in the United States, with the US consuming approximately 10.66 million tons of cooking oil in 2019.
However, Asia Pacific is projected to grow faster during the 2020-2025 forecast period.

Impact of COVID-19 on Cooking Oil Market:
The global cooking oil market has been partially affected by the aftermath of the new coronavirus infection (COVID-19). The COVID-19 pandemic has led to widespread closures and restrictions around the world. Additionally, the cooking oil foodservice sector was significantly affected by the shutdown as the HORECA industry was not operating during the shutdown, significantly reducing the demand for edible oil in the foodservice sector during the shutdown.