Soybean Oil – 739 Million Metric Tons

Soybean oil is very important because it is used to make green diesel, a different kind of fuel. It comes from soybean plants, which are mostly grown in China, the US, Brazil, and Argentina. Soybean oil is not just for cooking; it’s also used to make biodiesel, paints, and inks.

Origin Extracted from soybeans, which are legumes
Appearance Liquid at room temperature, pale yellow color
Odor Mild soybean scent
Composition Primarily composed of unsaturated fats (polyunsaturated and monounsaturated fats)
Nutritional Value High in calories (about 120 calories per tablespoon), contains omega-6 fatty acids
Uses Cooking, frying, baking, salad dressings, margarine production
Smoke Point Around 450°F (232°C), suitable for high-temperature cooking
Shelf Life Relatively long shelf life when stored properly
Health Benefits Contains essential fatty acids, may improve heart health, lower cholesterol levels, and reduce inflammation
Concerns High omega-6 content, excessive consumption may contribute to inflammation if not balanced with omega-3 intake
Sustainability Depends on farming practices, concerns exist regarding deforestation and monoculture farming for soybeans
Varieties Regular soybean oil, refined soybean oil, organic soybean oil, non-GMO soybean oil, etc.

List of Most Consumed Edible Oils In The World

Top 10 Consumed Edible Oils In The World: Palm oil and Soybean oil are the most consumed edible oils in the world. In 2023; the global palm oil market was valued at around 55.8 billion USD 2023. This value is expected to reach around $80.7 billion by 2032. On the other hand, the Olive Oil market was valued at around USD 14.58 billion in 2023 and it is expected to grow with a CAGR of 3.6% in the next 5 years.

As per the IndexBox, the average soybean oil price will be 0.54 per USD pound in 2024 which has decreased than last year. In 2023, the global soybean oil market size was 60.45 MMT.

In this article, we are going to discuss the Top 10 Consumed Edible Oils In The World and we will try to give an overview of all edible oils in detail.

Table of Content

  • Top 10 Most Consumed Edible Oils In The World
  • Coconut Oil – 2.61 Million Metric Tons
  • Olive Oil – 3.37 Million Metric Tons
  • Corn Oil – 3.38 Million Metric Tons
  • Cottonseed Oil – 5.513 Million Metric Tons
  • Peanut Oil (Groundnut Oil) – 6.512 Million Metric Tons
  • Palm Kernel Oil – 8.013 Million Metric Tons
  • Sunflower Seed Oil – 20.83 Million Metric Tons
  • Rapeseed Oil (Canola) – 28.15 Million Metric Tons
  • Soybean Oil – 75.39 Million Metric Tons
  • Palm Oil – 75.98 Million Metric Tons

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Top 10 Most Consumed Edible Oils In The World

Cooking oils made from plants are used in cooking and food. Some of these oils are also used as fuel instead of gasoline. Palm oil is the most common and widely consumed cooking oil used all around the world. The main countries that use a lot of palm oil are China, India, Indonesia, and the European Union. Here is the List of Consumed Edible Oils In The World as mentioned below....

Coconut Oil – 2.61 Million Metric Tons

Coconut oil is made from mature coconuts in countries like the Philippines, Indonesia, and India. The main countries that sell coconut oil are the Philippines, Indonesia, Malaysia, and Thailand. India does not sell a lot of coconut oil abroad because people there use most of it at home. Coconut oil is not good for cooking at high temperatures like deep frying because it starts to smoke at a medium temperature. People use coconut oil in skincare and haircare products because it keeps skin and hair moisturized....

Olive Oil – 3.37 Million Metric Tons

Olive oil is made from green olives and is a big part of diets in places like Spain, Italy, and Greece. People there really like it and make a lot of it. Olive oil is also really important for their economies, affecting how they grow crops and sell things....

Corn Oil – 3.38 Million Metric Tons

Corn oil comes from the center part of corn and is a specialty of the United States. Since the US grows a lot of corn, it is the main place where corn oil comes from. China, Brazil, and South Africa also make a lot of corn oil. It is not just for cooking – it’s also used in margarine, soaps, and even some fuels....

Cottonseed Oil – 5.513 Million Metric Tons

Every year, about 5.513 million metric tons of cottonseed oil are used worldwide. China, India, and Pakistan produce the most cottonseed oil because they grow a lot of cotton plants. This oil does not have much flavor and is often used in making processed foods and for frying. Besides cooking, it is also used to make cosmetics and soap....

Peanut Oil (Groundnut Oil) – 6.512 Million Metric Tons

Every year, people use a lot of peanut oil IS about 6.512 million metric tons. China, India, and Nigeria really like peanut oil. They use it a lot for frying because it tastes really good. Since it is so popular in cooking, there is always a need for it, especially in Asian dishes. Plus, it is great for cooking methods that need oils to handle high heat without burning....

Palm Kernel Oil – 8.013 Million Metric Tons

Palm kernel oil is a significant part of the worldwide market for cooking oils, valued at $47.74 billion. It is made from the seed inside the fruit of the oil palm tree, and Indonesia and Malaysia are major producers. This oil is commonly used in sweets, baked goods, and also in products like lotion and soap, not just for cooking....

Sunflower Seed Oil – 20.83 Million Metric Tons

Sunflower oil is the 4th most used cooking oil globally because it is light. It’s made from sunflower seeds and is great for frying. Russia and Ukraine have big sunflower farms, so they make the most oil. Argentina, Turkey, and Hungary also make a lot. Sunflower oil has lots of vitamin E, so it’s seen as a healthy choice....

Rapeseed Oil (Canola) – 28.15 Million Metric Tons

Canola oil is a widely known cooking oil, but it is not the most used one. Canada is the top grower of canola, followed by China, India, and France. Canola oil is liked by health-conscious people because it is low in bad fat and good for your heart....

Soybean Oil – 75.39 Million Metric Tons

Soybean oil is very important because it is used to make green diesel, a different kind of fuel. It comes from soybean plants, which are mostly grown in China, the US, Brazil, and Argentina. Soybean oil is not just for cooking; it’s also used to make biodiesel, paints, and inks....

Palm Oil – 75.98 Million Metric Tons

Palm oil is the most used cooking oil, known for its red color and being partly solid at room temperature. Indonesia and Malaysia are big in palm oil because they’ve made a lot of their farming and money plans based on it....

FAQs – Top 10 Most Consumed Edible Oils In The World

What is the most used edible oil in the world?...