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    Cooking Oils Fats Market

    ID: 6604
    139 Pages
    Research Team
    07/2019

    Cooking Oils and Fats Market Research Report By Type (Oils and Fats), By Source (Plants and Animals), By Application (Bakery & Confectionery, Convenience Foods, Sauces Spreads & Dressings and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.

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    Market Summary

    Global Cooking Oils and Fats Market Overview

    Cooking Oils and Fats Market Size was valued at USD 76.2 billion in 2022. The Cooking Oils and Fats market is projected to grow from USD 79.6 Billion in 2023 to USD 103.6 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.5% during the forecast period (2023 - 2030). Some of the market drivers expected to drive the market growth such as increasing demand for vegetable oil in energy and cosmetic industry and increased awareness of healthier substitutes.

    Cooking Oils and Fats Market Overview

    Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

    Cooking Oils and Fats Market Trends

      • Growing awareness of health benefits and risks is Driving Market Growth

    Growing awareness of health benefits and risks associated with different types of cooking oils and fats is one of the key drivers of demand for cooking oils and fats. Consumers are becoming more health-conscious and are paying attention to the type of oil or fat they use in their cooking. Consumers are aware that different types of oils and fats have different nutritional properties, and this awareness is driving demand for healthier options. For example, olive oil is perceived to be a healthier option compared to other oils like vegetable oil or palm oil, due to its high levels of monounsaturated and polyunsaturated fatty acids, and its potential ability to reduce the risk of heart disease. Thus driving the market CAGR.

    On the other hand, consumers are also aware of the risks associated with certain types of oils and fats. For example, trans fats, which are commonly found in partially hydrogenated oils, have been linked to an increased risk of heart disease, and have been banned in many countries. Consumers are now actively seeking out products that do not contain trans fats and other harmful oils. In response to this growing demand for healthier options, many cooking oil and fat manufacturers are introducing new products that are perceived to be healthier, such as oils with lower saturated fat content or with added omega-3 fatty acids. Moreover, according to a survey conducted by the International Food Information Council Foundation, 49% of respondents said that they had changed their cooking oil consumption habits to be more healthful, driven by growing awareness of the health benefits and risks associated with different types of oils. Such aspect is projected to be a major market driver for Cooking Oils and Fats market revenue.

    Cooking Oils and Fats Market Segment Insights

    Cooking Oils and Fats Type Insights

    The Cooking Oils and Fats market segmentation, based on Type, includes Oils and Fats. The Oils segment holds the largest market share. This is because oils are the most widely used cooking medium in the world and are used in a variety of cuisines, from traditional to modern. Oils are also used extensively in the production of processed foods, such as snacks and baked goods.

    In recent years, there has been a growing demand for healthier oil options, such as olive oil, avocado oil, and coconut oil. These oils are perceived to have health benefits and are often marketed as a healthier alternative to traditional vegetable oils. For example, olive oil is high in monounsaturated fats, which have been linked to a reduced risk of heart disease.

    FIGURE 1: COOKING OILS AND FATS MARKET, BY TYPES, 2022 & 2030 (USD BILLION)COOKING OILS AND FATS MARKET, BY TYPES, 2022 & 2030

    Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

    Cooking Oils and Fats Source Insights

    The Cooking Oils and Fats market segmentation, based on Source, includes Plants, and Animals. The Plants segment holds the largest market share. This is because plant-based oils are more commonly used in cooking and are preferred by consumers due to their health benefits and versatility in cooking.

    Plant-based oils are derived from various sources such as soybeans, sunflowers, corn, canola, and palm fruit. These oils are rich in unsaturated fatty acids, including monounsaturated and polyunsaturated fats, which are considered healthier options than saturated fats found in animal-based oils.

    Cooking Oils and Fats Application Insights

    The Cooking Oils and Fats market data has been bifurcated by Application into Bakery & Confectionery, Convenience Foods, Sauces Spreads & Dressings and Others. The Convenience Foods segment holds the largest market share. Convenience foods, which include products such as frozen dinners, snack foods, and ready-to-eat meals, are a major driver of demand for cooking oils and fats. Convenience foods require cooking oils and fats for a variety of purposes, including frying, baking, and sautéing. Cooking oils and fats are also used as ingredients in convenience foods such as snacks, spreads, and dressings.

    The "Bakery & Confectionery" segment is also a significant contributor to the demand for cooking oils and fats. Baked goods such as cakes, pastries, and breads require oils and fats for their texture and flavor. Cooking oils and fats are also used in the production of confectionery products such as chocolates and candies.

    Cooking Oils and Fats Regional Insights

    By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World.

    Asia-Pacific is home to some of the world's largest consumers of cooking oils and fats, including China, India, and Indonesia. These countries have a rich culinary tradition that relies heavily on oils and fats in cooking, making them major consumers of these products. Additionally, the rising disposable incomes in these countries have led to an increase in demand for higher-quality oils and fats, which are often imported from other regions.  In addition to the large and growing consumer base, the Asia-Pacific region is also home to several major manufacturers of cooking oils and fats. These companies benefit from the region's large population, which provides a ready market for their products, as well as the lower labor and production costs in the region, which is driving Asia-Pacific Cooking Oils and Fats market.

    Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure 2: COOKING OILS AND FATS MARKET SHARE BY REGION 2022 (%)

    COOKING OILS AND FATS MARKET SHARE BY REGION 2022Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

    Europe's Cooking Oils and Fats market accounts for the second-largest market share. Europe has a large and growing population, which provides a ready market for cooking oils and fats. Additionally, the region's changing demographics, such as aging populations and increasing urbanization, are driving changes in consumer habits and preferences, leading to an increased demand for convenience foods and healthier options. Further, the UK Cooking Oils and Fats market held the largest market share, and the Germany Cooking Oils and Fats market was the fastest growing market in the European region.  

    The North America Cooking Oils and Fats Market is still a significant market for cooking oils and fats. The region's market size and growth rate are moderate compared to the Asia-Pacific region, which has a larger population and faster economic growth. Nonetheless, there are several factors that contribute to the demand for cooking oils and fats in North America. Moreover, USw Cooking Oils and Fats market held the largest market share, and the Canada Cooking Oils and Fats market was the fastest growing market in the Asia-Pacific region.

    Cooking Oils and Fats Key Market Players & Competitive Insights

    The major market players pursuing a variety of market developments that are focusing on developing new products, expanding their geographic reach, and enhancing their production capabilities to meet the growing demand for Cooking Oils and Fats industry. Additionally, they are also investing in research and development to develop healthier and more sustainable products that meet changing consumer preferences. Overall, the Cooking Oils and Fats market is highly competitive, with players competing on factors such as price, quality, and innovation.

    The Cooking Oils and Fats market major player such as Bunge Limited (US), Associated British Foods PLC (UK), Conagra Brands Inc. (the US), Archer Daniels Midland Company (US), United Plantations Berhad (Malaysia), IFFCO (UAE), AAK AB (Sweden), Cargill Incorporated (US), James Richardson & Sons Limited (Canada), Wilmar International Ltd (Singapore), and Others.

    Bunge Limited is a leading agribusiness and food company based in the United States. Bunge's operations span across five continents and include activities such as sourcing, processing, and distributing grains, oilseeds, and other agricultural products. In addition to its core commodities business, Bunge is also a major player in the Cooking Oils and Fats market. The company offers a wide range of cooking oils and fats, including vegetable oils, specialty oils, and animal fats. Some of its key brands include Delicia, Sanharo, and Salada. Bunge's cooking oils and fats are used in a variety of applications, including baking, frying, and salad dressings.

    Associated British Foods PLC (ABF) is a diversified food, ingredients, and retail company based in the United Kingdom. Within the Ingredients segment, ABF is a major player in the Cooking Oils and Fats market. The company offers a range of cooking oils and fats under its various brands, including Mazola, Flora, and Crisp 'n Dry. Its products include vegetable oils, margarines, and shortenings that are used in a variety of applications, including baking, frying, and food processing.

    Key Companies in the Cooking Oils and Fats market includes

      • Bunge Limited (US)
      • Associated British Foods PLC (UK)
      • Conagra Brands Inc. (the US)
      • Archer Daniels Midland Company (US)
      • United Plantations Berhad (Malaysia)
      • IFFCO (UAE)
      • AAK AB (Sweden)
      • Cargill Incorporated (US)
      • James Richardson & Sons Limited (Canada)
      • Wilmar International Ltd (Singapore)
      • Others

    Cooking Oils and Fats Industry Developments

    May 2021: ADM built a soybean crushing facility in North Dakota, United States, with an estimated investment of USD 350 million. By 2023, the plant is anticipated to be finished and operating. Crushing soybeans, refining oil, and processing of soy-related products are all functions of the plant.

    November 2021: To increase the capacity of the plant that produces vegetable oil in Malaysia, Cargill invested about USD 35 million. Due to the facility's dry palm fractionation capability, specialty fats for spreads, coatings, and chocolate can be produced.

    Cooking Oils and Fats Market Segmentation

    Cooking Oils and Fats Type Outlook

      • Oils
      • Fats

    Cooking Oils and Fats Source Outlook

      • Plants
      • Animals

    Cooking Oils and Fats Application Outlook

      • Bakery & Confectionery
      • Convenience Foods
      • Sauces Spreads & Dressings
      • Others

    Cooking Oils and Fats Regional Outlook

      • North America
        • US
        • Canada
      • Europe
        • Germany
        • France
        • UK
        • Italy
        • Spain
        • Rest of Europe
      • Asia-Pacific
        • China
        • Japan
        • India
        • Australia
        • South Korea
        • Australia
        • Rest of Asia-Pacific
      • Rest of the World
        • Middle East
        • Africa
        • Latin America

    Market Size & Forecast

    Report Attribute/Metric Details
    Market Size 2022 USD 76.2 billion
    Market Size 2023 USD 79.6 billion
    Market Size 2030 USD 103.6 billion
    Compound Annual Growth Rate (CAGR) 4.5% (2023-2030)
    Base Year 2022
    Market Forecast Period 2023-2030
    Historical Data 2018 - 2021
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, Source, Application and Region
    Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
    Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Bunge Limited (US), Associated British Foods PLC (UK), Conagra Brands Inc. (the US), Archer Daniels Midland Company (US), United Plantations Berhad (Malaysia), IFFCO (UAE), AAK AB (Sweden), Cargill Incorporated (US), James Richardson & Sons Limited (Canada), Wilmar International Ltd (Singapore), and Others.
    Key Market Opportunities Growing QSR worldwide
    Key Market Dynamics Increasing Demand for Vegetable Oil in Energy and Cosmetic Industry

    Major Players

    Cooking Oils and Fats Market Segmentation

    Global Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

    • Oils

    • Fats

    Global Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

    • Plants

    • Animals

    Global Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

    • Bakery & Confectionery

    • Convenience Foods

    • Sauces Spreads & Dressings

    • Other

    Global Cooking Oils and Fats Regional Outlook (USD Billion, 2019-2030)

    • North America Outlook (USD Billion, 2019-2030)

      • North America Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils

        • Fats

      • North America Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants

        • Animals

      • North America Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery

        • Convenience Foods

        • Sauces Spreads & Dressings

        • Others

      • US Outlook (USD Billion, 2019-2030)

      • US Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils

        • Fats

      • US Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants

        • Animals

      • US Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery

        • Convenience Foods

        • Sauces Spreads & Dressings

        • Others

      • Canada Outlook (USD Billion, 2019-2030)

      • Canada Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils

        • Fats

      • Canada Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants

        • Animals

      • Canada Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery

        • Convenience Foods

        • Sauces Spreads & Dressings

        • Others

    • Europe Outlook (USD Billion, 2019-2030)

      • Europe Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils

        • Fats

      • Europe Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants

        • Animals

      • Europe Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery

        • Convenience Foods

        • Sauces Spreads & Dressings

        • Others

      • Germany Outlook (USD Billion, 2019-2030)

      • Germany Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils

        • Fats

      • Germany Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants

        • Animals

      • Germany Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery

        • Convenience Foods

        • Sauces Spreads & Dressings

        • Others

      • France Outlook (USD Billion, 2019-2030)

      • France Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils

        • Fats

      • France Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants

        • Animals

      • France Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery

        • Convenience Foods

        • Sauces Spreads & Dressings

        • Others

      • UK Outlook (USD Billion, 2019-2030)

      • UK Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils

        • Fats

      • UK Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants

        • Animals

      • UK Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery

        • Convenience Foods

        • Sauces Spreads & Dressings

        • Others

      • Italy Outlook (USD Billion, 2019-2030)

      • Italy Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils

        • Fats

      • Italy Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants

        • Animals

      • Italy Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery

        • Convenience Foods

        • Sauces Spreads & Dressings

        • Others

      • Rest of Europe Outlook (USD Billion, 2019-2030)

      • Rest of Europe Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils

        • Fats

      • Rest of Europe Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants

        • Animals

      • Rest of Europe Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery

        • Convenience Foods

        • Sauces Spreads & Dressings

        • Others

    • Asia-Pacific Outlook (USD Billion, 2019-2030)

      • Asia-Pacific Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils

        • Fats

      • Asia-Pacific Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants

        • Animals

      • Asia-Pacific Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery

        • Convenience Foods

        • Sauces Spreads & Dressings

        • Others

      • China Outlook (USD Billion, 2019-2030)

      • China Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils

        • Fats

      • China Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants

        • Animals

      • China Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery

        • Convenience Foods

        • Sauces Spreads & Dressings

        • Others

      • India Outlook (USD Billion, 2019-2030)

      • India Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils

        • Fats

      • India Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants

        • Animals

      • India Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery

        • Convenience Foods

        • Sauces Spreads & Dressings

        • Others

      • Japan Outlook (USD Billion, 2019-2030)

      • Japan Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils

        • Fats

      • Japan Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants

        • Animals

      • Japan Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery

        • Convenience Foods

        • Sauces Spreads & Dressings

        • Others

      • South Korea Outlook (USD Billion, 2019-2030)

      • South Korea Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils

        • Fats

      • South Korea Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants

        • Animals

      • South Korea Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery

        • Convenience Foods

        • Sauces Spreads & Dressings

        • Others

      • Australia Outlook (USD Billion, 2019-2030)

      • Australia Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils

        • Fats

      • Australia Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants

        • Animals

      • Australia Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery

        • Convenience Foods

        • Sauces Spreads & Dressings

        • Others

      • Rest of Asia-Pacific Outlook (USD Billion, 2019-2030)

      • Rest of Asia-Pacific Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils

        • Fats

      • Rest of Asia-Pacific Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants

        • Animals

      • Rest of Asia-Pacific Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery

        • Convenience Foods

        • Sauces Spreads & Dressings

        • Others

    • Rest of the World Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils

        • Fats

      • Rest of the World Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants

        • Animals

      • Rest of the World Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery

        • Convenience Foods

        • Sauces Spreads & Dressings

        • Others

      • Middle East & Africa Outlook (USD Billion, 2019-2030)

      • Middle East & Africa Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils

        • Fats

      • Middle East & Africa Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants

        • Animals

      • Middle East & Africa Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery

        • Convenience Foods

        • Sauces Spreads & Dressings

        • Others

      • South America Outlook (USD Billion, 2019-2030)

      • South America Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils

        • Fats

      • South America Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants

        • Animals

      • South America Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery

        • Convenience Foods

        • Sauces Spreads & Dressings

        • Others

    Market Trends

    Global Cooking Oils and Fats Market Overview

    Cooking Oils and Fats Market Size was valued at USD 76.2 billion in 2022. The Cooking Oils and Fats market is projected to grow from USD 79.6 Billion in 2023 to USD 103.6 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.5% during the forecast period (2023 - 2030). Some of the market drivers expected to drive the market growth such as increasing demand for vegetable oil in energy and cosmetic industry and increased awareness of healthier substitutes.

    Cooking Oils and Fats Market Overview

    Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

    Cooking Oils and Fats Market Trends

      • Growing awareness of health benefits and risks is Driving Market Growth

    Growing awareness of health benefits and risks associated with different types of cooking oils and fats is one of the key drivers of demand for cooking oils and fats. Consumers are becoming more health-conscious and are paying attention to the type of oil or fat they use in their cooking. Consumers are aware that different types of oils and fats have different nutritional properties, and this awareness is driving demand for healthier options. For example, olive oil is...

    Market Segment Insights

    Smartphone Sensors Smartphone Type Insights

    The Smartphone Sensors market segmentation, based on smartphone type, includes standard smartphone, rugged smartphone, smartwatches, and other wearable. The standard smartphone segment dominated the market, accounting for the maximum market revenue. A smartphone is a mobile phone with a built-in computer and advanced features, such as web browsing and operating system, which are not associated with its counterpart. The rising mobile internet use, rising disposable income in developing countries, and high ownership of premium design smartphones are a few factors that are anticipated to grow smartphone sales. Smartphones are helped by a mobile operating system that offers advanced computing facilities. A smartphone can also work as a digital media player for uploading photos, videos, and music through a single interface.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Cooking Oils Fats Market

    Smartphone Sensors Manufacturer Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Application Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Regional Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035
    Get detailed insights about Smartphone Sensors Market

    Smartphone Sensors Price Insights

    The Smartphone Sensors market segmentation, based on price, includes USD 300 to USD 500, USD 100 to USD 300, above USD 500, and under USD 100. The USD 300 to USD 500 segment dominated the market revenue in the projected period. Most smartphones sold in medium-end devices have a sensor within this range. For instance: Nubia launched a new flagship Android device powered by the latest Snapdragon 8Gen 2CPU. The OEM has also specified that this gadget, which peculiarly seems to go by the name Z50 even though its processor was the z40 Pro, will compete with the Xiaomi 13 and iQOO11 series with cutting-edge LPDDR5X RAM and storage with the most recent UFS 4.0 spec.

    Get more detailed insights about Cooking Oils Fats Market

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Smartphone Sensors market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and growing market climate, the Smartphone Sensors industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Smartphone Sensors industry to benefit clients and increase the market sector. In recent years, the Smartphone Sensors industry has offered manufacturers some of the most significant advantages. Major players in the Smartphone Sensors market, including MS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.

    Samsung is dedicated to abiding by local laws and regulations and enforcing a strict code of conduct for all employees. Samsung adheres to a straightforward business tent: to usage its technology and expertise to develop top-notch goods and services that make a more cultured world. Samsung provides a high importance on its people and technologies to do this. For Instance: In January 2023, Samsung Electronics launched its new MICRO LED, Neo QLED, and Samsung OLED product lines, along with lifestyle products and accessories, before CES® 2023.

    Apple Inc. is a multinational American technology business with its main office in Cupertino, California. According to revenue, Apple will be the top technological business in the world in 2022, with US $ 394.3 billion in sales. According to market capitalization, Apple is the largest corporation in the world as of March 2023. For Instance: In September 2022, the iPhone 14 and iPhone 14 Plus, which come in two sizes, 6.1 and 6.7 inches and include a smart design, camera upgrades, and game-changing new safety measures, were introduced by Apple. The iPhone 14 and iPhone 14 Plus have a powerful camera system that incorporates the primary and front TrueDepth cameras, the Ultra Wide camera for uncommon perspectives, and the photonic engine, an enhanced picture pipeline.

    Key Companies in the Smartphone Sensors market include

    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)

    Industry Developments

    • September 2022: Comcast and Samsung Electronics announced their partnership to create 5G Radio Access Network (RAN) technologies to enhance 5G connection for Xfinity Mobile and Comcast Business Mobile users in Comcast service zones. Samsung will provide 5G RAN technology, and Comcast will deploy Citizens Broadband Radio Service (CBRS) and 600 MHz spectrum to provide 5G access to consumer and business users in the US.
    • October 2022: Huawei announced the release of the newest antenna solutions, including the Maxwell platform and the X2 antenna series, for the subsequent 5G antenna innovation stage. The new technologies speed up 5G deployment by improving antenna and setup capabilities.

    Market Segmentation

    Smartphone Type Outlook

    • Standard Smartphone
    • Rugged Smartphone
    • Smartwatches
    • Other Wearable

    Price Outlook

    • USD 300 to USD 500
    • USD 100 to USD 300
    • Above USD 500
    • Under USD 100

    Manufacturer Outlook

    • Apple Inc.
    • Samsung Electronics
    • Huawei Technology
    • Xiaomi Inc.
    • Oppo
    • Sony Corporation
    • HMD Global

    Application Outlook

    • High-Level
    • Mid-Level
    • Low-Level

    Manufacturer Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Italy
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Report Scope

    Report Attribute/Metric Details
    Market Size 2022 USD 76.2 billion
    Market Size 2023 USD 79.6 billion
    Market Size 2030 USD 103.6 billion
    Compound Annual Growth Rate (CAGR) 4.5% (2023-2030)
    Base Year 2022
    Market Forecast Period 2023-2030
    Historical Data 2018 - 2021
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, Source, Application and Region
    Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
    Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Bunge Limited (US), Associated British Foods PLC (UK), Conagra Brands Inc. (the US), Archer Daniels Midland Company (US), United Plantations Berhad (Malaysia), IFFCO (UAE), AAK AB (Sweden), Cargill Incorporated (US), James Richardson & Sons Limited (Canada), Wilmar International Ltd (Singapore), and Others.
    Key Market Opportunities Growing QSR worldwide
    Key Market Dynamics Increasing Demand for Vegetable Oil in Energy and Cosmetic Industry

    Market Highlights

    Author

    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    This is a great article! Really helped me understand the topic better.

    Posted on July 23, 2025, 10:15 AM
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    FAQs

    1. Introduction
      1. Definition 15
      2. Research Objective 15
      3. Assumptions &
        1. Assumptions 15
        2. Limitations 15
    2. Research
      1. Research Process 17
      2. Primary Research 18
      3. Secondary
      4. Market Size Estimation 20
      5. Forecast Model 20
      6. Introduction 21
      7. Drivers 22
        1. Increasing
        2. Increasing Demand for
        3. Growth
      8. Restraints 23
        1. Stringent Food Safety Regulations 23
      9. Opportunity 23
        1. Investments in R&D for Innovations 23
      10. Challenge 24
        1. Fluctuating Raw Material
    3. Market Factor Analysis
      1. Supply Chain Analysis 25
        1. Threat of New Entrants 27
        2. Bargaining Power of Buyers 28
        3. Intensity of Rivalry 28
    4. Cooking Oils
      1. Introduction 29
      2. Oils 30
        1. Soybean Oil 32
        2. Sunflower Oil 33
        3. Rapeseed
        4. Olive Oil 35
        5. Others 35
      3. Fats 36
        1. Margarine 37
        2. Lard & Tallow 38
        3. Others
    5. Cooking Oils & Fats Market, by Source
      1. Introduction 39
      2. Plant 40
      3. Animals 41
    6. Cooking Oils & Fats Market, by Application
      1. Introduction 42
        1. Bakery & Confectionery 43
        2. Convenience
      2. Sauces, Spreads, & Dressings 45
    7. Global Cooking Oils
      1. Introduction 46
      2. North America 47
        1. US 50
        2. Canada 53
        3. Mexico 55
      3. Europe 58
        1. UK 61
        2. Germany 64
        3. France 66
        4. Italy 69
        5. Spain 71
        6. Rest of Europe 74
      4. Asia-Pacific 77
        1. China 81
        2. Japan 83
        3. India 86
        4. Australia & New
      5. Rest of the World (RoW) 94
        1. Middle East 97
        2. Africa 100
        3. South America 102
    8. Competitive Landscape
      1. Company
        1. Introduction 105
    9. Company Profiles
      1. Bunge Limited 108
        1. Company Overview 108
        2. Financial
        3. Products Offered 109
        4. Key Developments 109
        5. SWOT Analysis 110
        6. Key Strategies 110
      2. Associated British
        1. Company Overview 111
        2. Financial Overview 111
        3. Products Offered 112
        4. Key Developments 112
        5. SWOT
        6. Key Strategies 113
      3. Conagra Brands, Inc. 114
        1. Company Overview 114
        2. Financial Overview 114
        3. Products
        4. Key Developments 115
        5. SWOT Analysis 116
      4. Archer Daniels Midland Company 117
        1. Company
        2. Financial Overview 117
        3. Products Offered 118
        4. Key Developments 119
        5. SWOT Analysis 120
        6. Key Strategies
      5. United Plantations Berhad 121
        1. Company Overview 121
        2. Financial Overview 121
        3. Products Offered 122
        4. Key
        5. SWOT Analysis 122
        6. Key Strategies 123
      6. IFFCO 124
        1. Company Overview 124
        2. Financial Overview
        3. Products Offered 124
        4. Key Developments 124
        5. Key Strategies 125
      7. AAK AB 126
        1. Financial Overview 126
        2. Products Offerings
        3. Key Developments 128
        4. SWOT Analysis 129
        5. Key
      8. Cargill, Incorporated 130
        1. Company Overview
        2. Financial Overview 130
        3. Products Offered 131
        4. SWOT Analysis 132
        5. Key Strategies 132
      9. James Richardson & Sons, Limited 133
        1. Company Overview 133
        2. Financial Overview 133
        3. Products Offered 133
        4. Key
        5. SWOT Analysis 134
        6. Key Strategies 134
      10. Wilmar International Ltd 135
        1. Company Overview 135
        2. Products Offered 136
        3. Key Developments
        4. SWOT Analysis 137
        5. Key Strategies 137
    10. Appendix
      1. References 138
      2. Related Reports 138
    11. List of Tables
    12. MARKET SYNOPSIS 14
    13. GLOBAL COOKING OILS & FATS MARKET FOR PALM OIL, BY REGION, 2023–2030
    14. GLOBAL COOKING OILS & FATS MARKET FOR BAKERY & CONFECTIONERY, BY REGION,
    15. NORTH AMERICA: COOKING OILS & FATS MARKET, BY TYPE, 2023–2030 (USD
    16. NORTH AMERICA: COOKING OILS & FATS MARKET, BY SOURCE, 2023–2030 (USD
    17. US: COOKING OILS & FATS MARKET, BY SOURCE, 2023–2030 (USD MILLION)
    18. CANADA: COOKING OILS & FATS MARKET, BY SOURCE, 2023–2030 (USD MILLION)
    19. MEXICO: COOKING OILS & FATS MARKET, BY SOURCE, 2023–2030 (USD MILLION)
    20. UK: COOKING OILS & FATS MARKET, BY SOURCE, 2023–2030 (USD MILLION)
    21. ASIA-PACIFIC: COOKING OILS & FATS MARKET, FOR FATS, BY TYPE, 2023–2030
    22. JAPAN: COOKING OILS & FATS MARKET, BY TYPE, 2023–2030 (USD MILLION)
    23. INDIA: COOKING OILS & FATS MARKET, BY TYPE, 2023–2030 (USD MILLION)
    24. AUSTRALIA & NEW ZEALAND: COOKING OILS & FATS MARKET, BY TYPE, 2023–2030
    25. REST OF ASIA-PACIFIC: COOKING OILS & FATS MARKET, FOR FATS, BY TYPE, 2023–2030
    26. COMPETITIVE LANDSCAPE: GLOBAL COOKING OILS & FATS MARKET, BY STRATEGY, 2013–2021
    27. List of Figures
    28. MARKET DYNAMICS: ANALYSIS OF THE GLOBAL COOKING OILS & FATS MARKET 21
    29. SUPPLY CHAIN: COOKING OILS 25
    30. PORTER''S FIVE FORCES ANALYSIS OF THE GLOBAL COOKING OILS & FATS MARKET 27
    31. NORTH AMERICA: COOKING OILS & FATS MARKET SHARE, BY COUNTRY, 2021 (%) 47

    Cooking Oils and Fats Market Segmentation

    Global Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

    • Oils
    • Fats

    Global Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

    • Plants
    • Animals

    Global Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

    • Bakery & Confectionery
    • Convenience Foods
    • Sauces Spreads & Dressings
    • Other

    Global Cooking Oils and Fats Regional Outlook (USD Billion, 2019-2030)

    • North America Outlook (USD Billion, 2019-2030)

      • North America Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils
        • Fats

      • North America Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants
        • Animals

      • North America Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery
        • Convenience Foods
        • Sauces Spreads & Dressings
        • Others

      • US Outlook (USD Billion, 2019-2030)

      • US Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils
        • Fats

      • US Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants
        • Animals

      • US Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery
        • Convenience Foods
        • Sauces Spreads & Dressings
        • Others

      • Canada Outlook (USD Billion, 2019-2030)

      • Canada Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils
        • Fats

      • Canada Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants
        • Animals

      • Canada Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery
        • Convenience Foods
        • Sauces Spreads & Dressings
        • Others

    • Europe Outlook (USD Billion, 2019-2030)

      • Europe Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils
        • Fats

      • Europe Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants
        • Animals

      • Europe Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery
        • Convenience Foods
        • Sauces Spreads & Dressings
        • Others

      • Germany Outlook (USD Billion, 2019-2030)

      • Germany Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils
        • Fats

      • Germany Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants
        • Animals

      • Germany Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery
        • Convenience Foods
        • Sauces Spreads & Dressings
        • Others

      • France Outlook (USD Billion, 2019-2030)

      • France Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils
        • Fats

      • France Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants
        • Animals

      • France Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery
        • Convenience Foods
        • Sauces Spreads & Dressings
        • Others

      • UK Outlook (USD Billion, 2019-2030)

      • UK Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils
        • Fats

      • UK Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants
        • Animals

      • UK Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery
        • Convenience Foods
        • Sauces Spreads & Dressings
        • Others

      • Italy Outlook (USD Billion, 2019-2030)

      • Italy Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils
        • Fats

      • Italy Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants
        • Animals

      • Italy Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery
        • Convenience Foods
        • Sauces Spreads & Dressings
        • Others

      • Rest of Europe Outlook (USD Billion, 2019-2030)

      • Rest of Europe Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils
        • Fats

      • Rest of Europe Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants
        • Animals

      • Rest of Europe Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery
        • Convenience Foods
        • Sauces Spreads & Dressings
        • Others

    • Asia-Pacific Outlook (USD Billion, 2019-2030)

      • Asia-Pacific Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils
        • Fats

      • Asia-Pacific Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants
        • Animals

      • Asia-Pacific Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery
        • Convenience Foods
        • Sauces Spreads & Dressings
        • Others

      • China Outlook (USD Billion, 2019-2030)

      • China Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils
        • Fats

      • China Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants
        • Animals

      • China Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery
        • Convenience Foods
        • Sauces Spreads & Dressings
        • Others

      • India Outlook (USD Billion, 2019-2030)

      • India Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils
        • Fats

      • India Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants
        • Animals

      • India Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery
        • Convenience Foods
        • Sauces Spreads & Dressings
        • Others

      • Japan Outlook (USD Billion, 2019-2030)

      • Japan Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils
        • Fats

      • Japan Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants
        • Animals

      • Japan Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery
        • Convenience Foods
        • Sauces Spreads & Dressings
        • Others

      • South Korea Outlook (USD Billion, 2019-2030)

      • South Korea Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils
        • Fats

      • South Korea Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants
        • Animals

      • South Korea Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery
        • Convenience Foods
        • Sauces Spreads & Dressings
        • Others

      • Australia Outlook (USD Billion, 2019-2030)

      • Australia Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils
        • Fats

      • Australia Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants
        • Animals

      • Australia Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery
        • Convenience Foods
        • Sauces Spreads & Dressings
        • Others

      • Rest of Asia-Pacific Outlook (USD Billion, 2019-2030)

      • Rest of Asia-Pacific Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils
        • Fats

      • Rest of Asia-Pacific Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants
        • Animals

      • Rest of Asia-Pacific Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery
        • Convenience Foods
        • Sauces Spreads & Dressings
        • Others
    • Rest of the World Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)
        • Oils
        • Fats

      • Rest of the World Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants
        • Animals

      • Rest of the World Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery
        • Convenience Foods
        • Sauces Spreads & Dressings
        • Others

      • Middle East & Africa Outlook (USD Billion, 2019-2030)

      • Middle East & Africa Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils
        • Fats

      • Middle East & Africa Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants
        • Animals

      • Middle East & Africa Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery
        • Convenience Foods
        • Sauces Spreads & Dressings
        • Others

      • South America Outlook (USD Billion, 2019-2030)

      • South America Cooking Oils and Fats, By Type Outlook (USD Billion, 2019-2030)

        • Oils
        • Fats

      • South America Cooking Oils and Fats, By Source (USD Billion, 2019-2030)

        • Plants
        • Animals

      • South America Cooking Oils and Fats, By Application (USD Billion, 2019-2030)

        • Bakery & Confectionery
        • Convenience Foods
        • Sauces Spreads & Dressings
        • Others
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