The North America Vegetable Oils Market will grow to 41.51 million tons by 2033 from 28.32 million tons in 2024. The driving factors are growing health awareness, growing demand for plant-based goods by consumers, and the growth of the food and beverage sector. Between 2025 and 2033, the market will witness a compound annual growth rate (CAGR) of 4.34%, which is reflective of a strong upward trend in the industry.
Besides their kitchen applications, vegetable oils are used in many processed foods, salad dressings, and marinades, which explains their popularity. With the emergence of health-conscious consumers, they have also gained popularity since most vegetable oils contain unsaturated fats and healthy fatty acids.
In addition, vegetable oils are employed in the manufacture of biodiesel, cosmetics, and industrial purposes, which reflect their versatility. As more people become concerned about sustainability, consumers have increasingly been turning to oils that come from organic or non-GMO sources, enhancing eco-friendly processes. In general, vegetable oils are an integral part of daily cooking and different industries in North America.
North America Vegetable Oils Market Outlook
Vegetable oils are plant fats that are extracted from seeds, nuts, and fruits. Some of the common vegetable oils are soybean, canola, sunflower, and olive oil. Vegetable oils are widely used in North America because of their versatility and health benefits. They are used for cooking, baking, and frying and offer a healthier option compared to animal fats.Besides their kitchen applications, vegetable oils are used in many processed foods, salad dressings, and marinades, which explains their popularity. With the emergence of health-conscious consumers, they have also gained popularity since most vegetable oils contain unsaturated fats and healthy fatty acids.
In addition, vegetable oils are employed in the manufacture of biodiesel, cosmetics, and industrial purposes, which reflect their versatility. As more people become concerned about sustainability, consumers have increasingly been turning to oils that come from organic or non-GMO sources, enhancing eco-friendly processes. In general, vegetable oils are an integral part of daily cooking and different industries in North America.
Growth Drivers in the North America Vegetable Oils Market
Increasing Health Consciousness and Diet Changes
The shifting consumer demand for healthier, plant-based, and heart-healthy diets is fueling vegetable oil consumption in North America. Oils like canola, sunflower, and soybean are generally accepted as being healthier than animal fats. Increased awareness of the advantages of unsaturated fatty acids and omega-3 levels is stimulating demand, especially in urban markets that value clean-label and natural foods. Based on the Good Food Institute, plant-based food retail sales in North America grew by 27%, up to USD 7 billion in 2023. In the marketplace, plant-based products such as meat and dairy products are heavily dependent on vegetable oils for processing. Embracing plant-based products grew by 45% between 2019 and 2023 as consumers increasingly yearn for healthy and sustainable food alternatives.Growing Food Processing and Packaged Food Market
Vegetable oils are significant for baking, frying, and production of processed food. Since the market for ready-to-eat food, snacks, and bakery items is growing further in the U.S., Canada, and Mexico, the consumption of vegetable oils is also augmenting. Food companies rely on economic and constant oils for mass production, which makes the market grow. In October 2024, Cargill increased oilseed processing capacities in North America by investing in an additional plant to address increasing vegetable oils demand. The new plant will increase the efficiency and sustainability of the extraction and refining process of oil.Expansion of Biodiesel Production
Vegetable oils are also used in the production of biodiesel. Policies favoring the use of renewable energy, combined with a rising trend in the demand for sustainable fuels in the United States and Canada, are driving the consumption of canola and soybean oils in the energy industry. In May 2025, the global energy and commodities price reporting agency Argus added biodiesel to its Argus Open Markets (AOM) real-time electronic price discovery platform in New York Harbor. A trade was opened on the first day of business, April 30, as the first published transaction for AOM in the United States. The platform has seen market activity each and every day since then.North America Vegetable Oils Market Challenges
Unstable Raw Material Prices
Vegetable oil production is reliant on crops such as soybeans, sunflower, and canola, which are extremely susceptible to weather conditions, trade barriers, and global supply chain shifts. Volatility in prices impacts producers and raises operational uncertainty, making it hard for manufacturers to sustain constant product pricing.Increased Competition from Alternative Oils and Fats
The market competes with animal fats and specialty oils such as avocado or coconut oil, which are sought by health-oriented and value buyers. The trend towards local and organic also has the potential to shift attention away from standard mass-produced vegetable oils, constraining possible market expansion.North America Palm Vegetable Oils Market
The palm oil market in North America is favored by its extensive application in processed foods, bakery products, and personal care products. Palm oil, though being imported, continues to be in demand because of its cost-effectiveness and adaptability. Nevertheless, sustainability factors and deforestation have made the demand for certified sustainable palm oil increase in the region.North America Sunflower Vegetable Oils Market
Sunflower oil is becoming increasingly popular in North America because of its mild flavor, high smoke point, and perceived health value. It finds widespread application in cooking, snack food preparation, and salad dressings. Demand is driven by an increase in the use of non-GMO and high-oleic sunflower oils, which are highly sought after by the health-conscious and premium food buyers.North America Food Vegetable Oils Market
Food uses control the North American market for vegetable oils, such as frying, baking, and salad dressing. Growth in processed and convenience foods positively influences this segment. Oils such as soybean, canola, and sunflower find extensive use in packaged foods, with health trends stimulating growth in cold-pressed and minimally refined oils.North America Feed Vegetable Oils Market
The feed segment employs vegetable oils as energy-rich ingredients for poultry and livestock feed. Soybean and canola oils enhance feed efficiency and ensure animal health. Increasing meat and dairy demand in North America fuels this segment, with producers increasingly using vegetable oils to satisfy nutritional and energy demands.Canada Vegetable Oils Market
Canada's canola and soybean oil production is the backbone of its vegetable oils market, serving both domestic needs and export markets. The market is also accelerated by health-aware consumers and the biodiesel movement. Its penchant for low-saturated-fat oils is in tune with global clean-label dietary tendencies, boosting demand in the retail and foodservice channels. The industry is investing more than USD 2 billion in new processing plants, according to the Canola Council of Canada. The investment is anticipated to increase domestic crushing capacity by another 5.7 million tons annually by 2025, which is a 50% rise.Mexico Vegetable Oils Market
Mexico's market for vegetable oils is booming as there is a high demand for cooking oils applied to traditional foods and fried foods. Palm and soybean oils are especially in demand because of their cost-effectiveness and accessibility. Increasing urbanization, growing packaged food, and the growth of the middle class are all contributing to this increased demand. Imports also have an important role to play in maintaining a continuous supply to satisfy domestic consumption requirements.United States Vegetable Oils Market
United States dominates the North American vegetable oils market, primarily because of its large food processing industry and biodiesel output. Soybean oil is the most consumed oil, followed by canola and corn oils. The market trends are being driven by increased demand for healthier, non-GMO, and organic oils. The renewable fuel industry is also playing a major role in driving consumption upwards. In July 2024, Olam International acquired a leading vegetable oil producer in the U.S., furthering its footprint in the North American region. The acquisition allows Olam to broaden its line of healthy, sustainably produced vegetable oils for food and industrial applications.Market Segmentation
Type
- Palm Oil
- Soybean Oil
- Rapeseed Oil
- Sunflower Oil
- Olive Oil
- Other
Application
- Food
- Feed
- Industrial
Country
- Canada
- Mexico
- United States
- Rest of North America
All companies have been covered with 5 Viewpoints
- Overviews
- Key Person
- Recent Developments
- SWOT Analysis
- Revenue Analysis
Key Players Analysis
- Cargill, Incorporated
- Fuji Oil Holding Inc.
- Archer Daniels Midland Company
- AGYDSA
- Ragasa - Derechos Reservados
- Bunge Limited
- Olam International Limited
- Wilmar International Limited
Table of Contents
1. Introduction3. Executive Summary10. Value Chain Analysis
2. Research & Methodology
4. Market Dynamics
5. North America Vegetable Oils Market
6. Market Share Analysis
7. Type
8. Application
9. Country
11. Porter's Five Forces Analysis
12. SWOT Analysis
13. Pricing Benchmark Analysis
14. Key Players Analysis
Companies Mentioned
- Cargill, Incorporated
- Fuji Oil Holding Inc.
- Archer Daniels Midland Company
- AGYDSA
- Ragasa - Derechos Reservados
- Bunge Limited
- Olam International Limited
- Wilmar International Limited
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | August 2025 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value in 2024 | 28.32 Million Tons |
| Forecasted Market Value by 2033 | 41.51 Million Tons |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | North America |
| No. of Companies Mentioned | 8 |
