"Market Intelligence that Adds Flavour to Your Success"

North America Fats & Oils Market Size, Share and Industry Analysis By Source (Vegetable (Soybean Oil, Canola Oil, Corn Oil, Palm Oil, Coconut Oil, Palm Kernel Oil, Olive Oil, Cottonseed Oil, Sunflower Oil, Peanut Oil, Safflower Oil, Sesame Oil, Linseed Oil, and Castor Oil), Animal (Lard, Tallow, Fish Oil, Butter)), By Application (Food & Non-Food Use), and Regional Forecast 2019-2032

Last Updated: July 08, 2024 | Format: PDF | Report ID: FBI100873



Play Audio Listen to Audio Version

North America fats & oils market was valued at 25.92 million tonnes (MT) in 2018 and is projected to reach 50.04 million tonnes (MT) by the end of 2032 at a CAGR of 4.89% during the forecast period based on our analysis in the existing report.

Amplifying demand for convenience and processed food products in North America is leading to an increase in demand for fats and oils among food processors and manufacturers. Fats and oils are rich sources of the body's required fatty acids, such as omega-3 and omega-6.

Increasing awareness regarding the ill effects of consuming saturated and unrefined fat is propelling the adoption of natural vegetable oil in the region. Furthermore, rising awareness regarding the significance of consumption of an appropriate amount of oils & fats to get energy and maintaining the cholesterol level of the body is expected to further escalate the market growth.

Product launch and expansion of product portfolio are the key strategies adopted by the North America fats & oils companies wherein they are actively investing in the production of healthy edible oil, high-quality edible oil and offering them to customers at affordable market prices.

The future of fats & oils market in North America is projected to be growing at promising rates. The increasing adoption of unique oil and fat processing techniques by key market players, along with the adoption of strong marketing strategies by them is predicted to boost the North America fats & oils market revenue during the forecast period.

Request a Free sample to learn more about this report.

"Vegetable Oil Has Accounted for the Largest Market Share and is Projected to Witness High CAGR"

Vegetable oils, such as soybean oil, canola oil, olive oil, and others are widely used by the food industry to produce various processed food products, attributed by higher health benefits associated with them as compared to animal fats. High adoption of vegetable oil by households in order to aid heart health, digestive health, and others is further anticipated to boost the segment’s growth. which will in, turn to accelerate North America fats & oils market growth. Furthermore, the high demand for plant-based and organic products is projected to drive the North America fats and oils market.

Among vegetable oils, the soybean oil segment is expected to dominate the market during the forecast years and hold a market share of approximately 50%. Abundant availability, a wide range of applications, and price advantage are the few factors that support the soybean oil segment to dominate the vegetable oils.

The demand for canola oil and corn oil is expected to witness decent growth trends during the foreseeable years, due to the presence of important micronutrients such as omega-3 and omega-6 fatty acids in them. The corn oil segment is anticipated to grow at the fastest pace, exhibiting a CAGR of 6.06% during the forecast period.

To know how our report can help streamline your business, Speak to Analyst

On the basis of application, the market has been classified into food and non-food uses. In 2018, food applications accounted for the highest market share of 68.9% in the North American market. The significance of fats & oils in improving the overall texture and flavor of various food products, coupled with their higher demand from the growing food service and food processing industry of North America, along with growing demand from households is expected to bring promising growth opportunities for the market during the forecast period. The application of fats & oils in food applications is expected to exhibit a CAGR of 3.27% during the forecast years.

"U.S. is the Largest Market for Fats & Oils and is Projected to Grow at the Highest CAGR"

The U.S. is the largest market for fats & oils, accounted for approximately 80% of the volumetric share in the North American fats & oils market. The North America market in the U.S. is expanding considerably, due to the growing consumption of healthy oil such as olive oil, canola oil, and rapeseed oil in the U.S. High production and export of widely consumable vegetable oil such as soybean oil in the U.S. is further boosting the market growth of the country.

U.S. Fats & Oils Market, 2018

To get more information on the regional analysis of this market, Request a Free sample

The North America fats & oils market in Canada is anticipated to grow moderately during the forecast years, attributed to the increasing adoption of unsaturated fats, and oils such as canola & rapeseed by food processing and foodservice industries. Increasing innovation by market players and rising healthcare expenditure of people based in the U.S. and Canada are significant reasons that are expected to propel the growth of the market during the forthcoming years.

Report Coverage

Fats and oils are important ingredients used in the preparation of various food products. Fats and oils have the ability to impart special characteristics and features within the food products, such as sensory and physicochemical features. They are also responsible for enhancing the appearance, texture, and flavor of the food when used in an appropriate amount.

The demand for fats & oils in North America is projected to grow considerably during the forecast years, owing to increasing demand for confectionery, packaged, and convenient food products across the region. Growing health concern among individuals and concerns regarding the fulfillment of regular dietary good fat requirements is promoting the market growth. However, adverse health effects due to the consumption of saturated and trans fat are likely to suppress the growth of the market.

The report provides qualitative and quantitative insights on the North American fats & oils industry and a detailed analysis of the market size & growth rate (in terms of Volume) for all possible segments in the market. North America fats & oils market is segmented by source, application, and country. On the basis of source, the North America market is categorized into vegetable oil and animal oil. On the basis of application, the market is categorized into food and non-food uses. Geographically, the market is segmented into three major countries, which are U.S., Canada, and Mexico.

An Infographic Representation of North America fats & oils Market

To get information on various segments, share your queries with us

Along with this, the report provides an elaborative analysis, market dynamics and competitive landscape. Various key insights provided in the report are the overview of related markets, recent industry developments such as mergers & acquisitions, new product innovations and launches, the regulatory scenario in key countries, and key industry trends.




By Source

  • Vegetable

    • Soybean Oil

    • Canola Oil

    • Corn Oil

    • Palm Oil

    • Coconut Oil

    • Palm Kernel Oil

    • Olive Oil

    • Cottonseed Oil

    • Sunflower Oil

    • Peanut Oil

    • Safflower Oil

    • Sesame Oil

    • Linseed Oil

    • Castor Oil

  • Animal

    • Lard

    • Tallow

    • Fish Oil

    • Butter

By Application

  • Food

  • Non-food Use

By Geography

  • North America (U.S., Canada, and Mexico)

Key companies covered in the report

  • Archer Daniels Midland Company

  • Cargill, Incorporated

  • Bunge Limited

  • Ag Processing, Inc.

  • Riceland Foods

  • Incobrasa Industries

  • Perdue Agribusiness

  • Louis Dreyfus Company

  • Viterra Inc.

  • Associated British Foods Plc (ABF)

  • Other Key Market Players


  • In February 2019, Calyxt, Inc. launched ‘Calyno high oleic soybean oil’ in the US market. The product claims to contain 80% oleic acid and zero grams of trans fat (per servings) and can be used for frying purpose, salad dressings, and others.

  • In March 2019, Bunge Loders Croklaan launched a non-GMO project verified Whole Harvest ColdChurn Culinary Crème. The product claims to add a buttery texture and taste to food products.

Frequently Asked Questions

Fortune Business Insights says that market was valued at 25.92 million tonnes in 2018 and is projected to reach 36.60 million tonnes by 2026.

In 2018, the Market was valued at USD 25.92 million tonnes (volume).

The Market is projected to grow at a CAGR of 4.49% during the forecast period (2019-2026).

Fats and oils extracted from the vegetable/plant sources is the leading segment and is projected to hold the largest share in North America over the coming years.

The amplifying demand for processed and convenience foods across the region is driving the growth of the market.

Archer Daniels Midland Company, Cargill, Bunge North America, Ag Processing, Inc., and Riceland Foods are the key active players in this market.

The U.S. is the largest market for fats and oils and is projected to grow at a highest CAGR during the forecast period (2019-2026).

The rising awareness regarding the ill-effects of consuming unrefined and saturated fats is majorly boosting the adoption and acceptance of plant sourced vegetable fats & oils in North America.

Food application has accounted for the highest market share in the utility of fats and oil in North America region.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • 2019-2032
    (In Process)
  • 2023
    (In Process)

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Food & Beverages Clients

Health Canada

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.