UNITED STATES EDIBLE OIL MARKET 2023-2028

Consumer Goods & Services | Food & Beverages

UNITED STATES EDIBLE OIL MARKET 2023-2028

Market by Type and Distribution Channel | Forecast 2023-2028

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Triton Market Research estimates that the market for edible oil in the United States is set to advance at a CAGR of 3.64% and 1.68% in value and volume, individually, throughout the forecast period 2023-2028. The market is expected to generate $XX million in terms of revenue and XX million liters in terms of volume by 2028.

Cooking oil, or edible oil, is a type of fat derived from plants, animals, or microorganisms. It comprises triglycerides, namely, three fatty acids and one glycerol unit. At room temperature, edible oils are considered safe for consumption. Edible oils such as olive oil, palm oil, soybean oil, canola oil, and sunflower oil are majorly used to flavor foods.

Edible oils deliver essential nutrients to the body, such as vitamins A and D. They also act as a heat transfer medium at high temperatures like frying. They are widely used to enhance the flavor of spreads and salad dressings. The Food and Drug Administration (FDA) oversees the manufacturing, packaging, and distribution of edible oils in the US.

The shifts in agricultural practices are a key driving factor of yield evolutions. For instance, the advancements in the agricultural sector have led to higher oilseeds yields, leading to increased oil production. Also, the demand for food services increased post-pandemic, fueling demand for edible oil. The cooking skills and eating habits developed during the pandemic, with hybrid schedules soaring in edible oils demand. Along with this, the rising disposable incomes also offer lucrative opportunities for the studied market.

However, the pandemic-related interruptions and the strong demand from China and India have dramatically increased cooking oil prices worldwide. Also, the effects of climate change have led to long-term supply pressures due to near-annual wildfires in California. With spick in prices of labor and transportation, the cost of edible oils is expected to increase over the forecast period, hampering the market’s development.

Triton Market Research’s report provides in-depth insight into the United States edible oil market, along with segmentation analysis. The detailed analysis of the market includes PESTLE analysis and value chain analysis. The segmentation analysis of the United States edible oil market includes market by type and distribution channel. 

The market participants in the edible oil market include ConAgra Brands Inc, Bertolli USA Inc, B&G Foods North America Inc, ACH Food Cos Inc, and Salov North America Corp. 

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Table of Content

1. UNITED STATES EDIBLE OIL MARKET - SUMMARY

1.1. MARKET SIZE & FORECASTS

1.2. MARKET DRIVING ASPECTS

1.3. MARKET RESTRAINING ASPECTS

1.4. KEY PLAYERS

2. UNITED STATES EDIBLE OIL MARKET OUTLOOK

2.1. MARKET DEFINITION

2.2. MARKET SHARE ANALYSIS

2.3. BRAND SHARE ANALYSIS

2.4. PESTLE ANALYSIS

2.5. VALUE CHAIN ANALYSIS

2.6. IMPACT OF COVID-19 ON THE UNITED STATES EDIBLE OIL MARKET

3. UNITED STATES EDIBLE OIL MARKET – BY TYPE (IN $ MILLION & IN MILLION LITERS)

3.1. OLIVE OIL

3.2. CORN OIL

3.3. PALM OIL

3.4. RAPESEED OIL

3.5. SOY OIL

3.6. OTHER EDIBLE OILS

4. UNITED STATES EDIBLE OIL MARKET – BY DISTRIBUTION CHANNEL (IN $ MILLION)

4.1. RETAIL CHANNEL

4.2. E-COMMERCE

5. COMPETITIVE LANDSCAPE

5.1. CONAGRA BRANDS INC

5.2. BERTOLLI USA INC

5.3. B&G FOODS NORTH AMERICA INC

5.4. ACH FOOD COS INC

5.5. SALOV NORTH AMERICA CORP

6. RESEARCH METHODOLOGY & SCOPE

6.1. RESEARCH SCOPE & DELIVERABLES

6.2. SOURCES OF DATA

6.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: UNITED STATES EDIBLE OIL MARKET 2023-2028 (IN $ MILLION)

TABLE 2: UNITED STATES EDIBLE OIL MARKET 2023-2028 (IN MILLION LITERS)

TABLE 3: UNITED STATES – COUNTRY SNAPSHOT

TABLE 4: UNITED STATES EDIBLE OIL MARKET, BY TYPE, 2023-2028 (IN $ MILLION)

TABLE 5: UNITED STATES EDIBLE OIL MARKET, BY TYPE, 2023-2028 (IN MILLION LITERS)

TABLE 6: UNITED STATES EDIBLE OIL MARKET, BY DISTRIBUTION CHANNEL, 2023-2028 (IN $ MILLION)

List of Figures

FIGURE 1: UNITED STATES EDIBLE OIL MARKET, MARKET SHARE ANALYSIS, 2020 & 2021 (IN %)

FIGURE 2: UNITED STATES EDIBLE OIL MARKET, BRAND SHARE ANALYSIS, 2020 & 2021 (IN %)

FIGURE 3: VALUE CHAIN ANALYSIS

FIGURE 4: UNITED STATES EDIBLE OIL MARKET, BY TYPE, 2022 & 2028 (IN %)

FIGURE 5: UNITED STATES EDIBLE OIL MARKET, BY OLIVE OIL, 2023-2028 (IN $ MILLION)

FIGURE 6: UNITED STATES EDIBLE OIL MARKET, BY CORN OIL, 2023-2028 (IN $ MILLION)

FIGURE 7: UNITED STATES EDIBLE OIL MARKET, BY PALM OIL, 2023-2028 (IN $ MILLION)

FIGURE 8: UNITED STATES EDIBLE OIL MARKET, BY RAPESEED OIL, 2023-2028 (IN $ MILLION)

FIGURE 9: UNITED STATES EDIBLE OIL MARKET, BY SOY OIL, 2023-2028 (IN $ MILLION)

FIGURE 10: UNITED STATES EDIBLE OIL MARKET, BY OTHER EDIBLE OILS, 2023-2028 (IN $ MILLION)

FIGURE 11: UNITED STATES EDIBLE OIL MARKET, BY DISTRIBUTION CHANNEL, 2022 & 2028 (IN %)

FIGURE 12: UNITED STATES EDIBLE OIL MARKET, BY RETAIL CHANNEL, 2023-2028 (IN $ MILLION)

FIGURE 13: UNITED STATES EDIBLE OIL MARKET, BY E-COMMERCE, 2023-2028 (IN $ MILLION)

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