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Edible oils or cooking oils are those oils that are suitable for human consumption. They are basically plant or animal liquid fats that play a key role in the food industry. These edible oils are used worldwide for cooking processes, such as frying, baking, and other food preparations. They are also rich sources of unsaturated fats, vitamins (especially vitamin E, and other essential nutrients. Edible oils continue to be a core part of the global agri-food trade scenario due to increasing demand from food processing, hospitality, and biofuel sectors. Thus, in the trade market, edible oils buyers are actively looking for reliable exporters to meet this demand.
Key Factors: We all know that edible oils are majorly used in the food industry. But do you know that their extensive use as a biofuel is a major reason behind its spike in demand? Also, the ever-increasing population, accelerating urbanization, and higher incomes that allow people to consume more processed foods and oils fairly add to this rising demand. Apart from these, the increasing consumption of refined and processed foods in today's age is yet another significant contributor.
War's Impact: Geopolitical events largely impact and shape the market demand for commodities. Both Russia and Ukraine account for around 80% of global sunflower oil exports. However, their ongoing conflict has hit this section and the loss of shipments from these regions has created supply chain disruptions. Because of this, countries that were major consumers of sunflower oil have switched to other oils like palm oil and soybean oil, adding to the demand for these alternatives.
Export Restrictions: Indonesia (one of the world's largest palm oil producers) banned palm oil exports to address domestic supply issues. Though the ban was lifted later, it created supply shortages as the country accounts for 60% of global supply. This also increased palm oil prices significantly. In addition, some trade policies (like import duties and trade agreements) also influence the demand and price of edible oils in the international market.
As an exporter, it is important for you to know the most in-demand vegetable oils and other related used oil categories that offer opportunities for you to expand your global reach.
Many edible oil importers also source other related products due to overlapping demand. These interconnected product categories include:
Knowing key market insights gives you an edge in the global trade platform. It allows you to make well-informed decisions to grow your export business. The revenue in the edible oils market reached $133.48 billion in 2025. And the good news is that it is expected to grow annually at a CAGR of 6.23% (2025-2030). This data shows a clear picture of growth opportunities for agri-traders, manufacturers, and exporters. Another important thing to note is that on global comparison, India generated the most revenue with $37 billion in 2025 (Source: Statista). This growing edible oil export from India offers great potential for Indian suppliers.
In addition to these insights, you should also know where the opportunity actually lies. Here are the top edible oils importing countries.
Top Edible Oils Importing Countries (2023-2024):
Source: Volza
Edible Oil Hsn Codes:
To get the latest price updates on edible oils or connect with fellow agri-traders, visit our Communities section.
Whether you are looking for used cooking oil buyers near me or globally, here are the proven methods to follow:
1. How to find profitable edible oil buyers globally?
Here are the best ways to find edible oil buyers globally:
2. Who are the leading edible oil buyers globally?
India, the United States, and Mexico are the leading edible oil buyers globally.
3. What is the most demanded edible oil?
Some of the most demanded edible oils include palm oil, soybean oil, sunflower oil, coconut oil, sesame oil, olive oil, and rapeseed oil.
4. What is the HSN code for edible oil?
HSN codes vary based on edible oil types. Here are the HSN codes for the most in demand edible oils:
5. Who is the largest consumer of edible oils in the world?
India is the largest consumer of edible oils in the world.
6. What is the edible oil price today?
There are many factors that influence the price of edible oils, such as oil type, season, geopolitical events, and overall global trends. However, here are the average price for some popular edible oil types in the Indian market:
7. Which edible oil is expensive?
Olive Oil, particularly extra virgin variants, is the most expensive edible oil.
Click here to know more about edible oil related Q&A.
