Australia Edible Oil Market

Australia Edible Oil Market Overview:

The Australia edible oil market size reached USD 5.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 7.2 Billion by 2033, exhibiting a growth rate (CAGR) of 4.1% during 2025-2033. The market is driven by increasing health-consciousness, leading to higher demand for healthier oils like olive and canola. The rise of plant-based diets fuels interest in alternative oils, while sustainability concerns push for ethically sourced, and eco-friendly options which is supporting the Australia edible oil market growth.

Australia Edible Oil Market Trends:

Growing Demand for Healthier Edible Oils

Australian consumer preference is moving towards healthier edible oils as awareness about nutrition and wellness increases. Edible oils that are rich in unsaturated fats, including olive, avocado, and canola oil, are experiencing growing demand due to their perceived health benefits. This trend is complemented by nutritional guidelines recommending lowering the intake of saturated fats. Also, enriched edible oils containing Omega-3 and plant sterols are picking pace as consumers look for functional foods. Clean-label trends have influenced manufacturers to focus on purity and natural processing. This has encouraged retailers to increase organic and cold-pressed oil offerings targeting health-aware consumers looking for sourcing and production transparency further supporting the Australia edible oil market outlook.

Rising Popularity of Plant-Based and Alternative Oils

The increasing adoption of plant-based diets is driving the Australia edible oil market share. As of 2024, about 5% of Australians follow a vegan diet, a 2% rise from the previous year, while 21% identify as 'meat reducers,' reflecting a shift toward plant-based choices. This trend fuels interest in oils derived from nuts, seeds, and algae, offering sustainable options for health-conscious consumers. Coconut, flaxseed, and hemp seed oils are becoming increasingly popular for their nutritional value and adaptability in cooking and body care. The development in food technology also favors algae-based oils, which are high in essential fatty acids and have lesser environmental footprints. Consumers are increasingly concerned with the source of ethically obtained, minimally processed products, forcing brands to develop and create greener edible oil substitutes.

Sustainability and Ethical Sourcing Initiatives

Sustainability issues are redefining the Australian edible oil industry as consumers and regulatory agencies prioritize ethical sourcing and environmental stewardship. Consumer demand for palm oil substitutes and sustainably certified products is on the increase, prompting companies to ensure responsible supply chain operations. Certifications like Roundtable on Sustainable Palm Oil (RSPO) and organic certification drive purchasing behavior, as consumers favor transparent and environmentally friendly brands. Moreover, local sourcing is also picking up pace as consumers favor locally made oils to minimize carbon footprints. In response, brands are enhancing traceability, adopting eco-friendly packaging, and investing in regenerative farming practices to create a more sustainable supply chain.

Australia Edible Oil Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on product type, nature, distribution channel, and end use.

Product Type Insights:

• Palm Oil
• Soybean Oil
• Sunflower Oil
• Olive Oil
• Corn Oil
• Rapeseeds Oil
• Others

The report has provided a detailed breakup and analysis of the market based on the product type. This includes palm oil, soybean oil, sunflower oil, olive oil, corn oil, rapeseeds oil, and others.

Nature Insights:

• Organic
• Conventional

A detailed breakup and analysis of the market based on the nature have also been provided in the report. This includes organic, and conventional.

Distribution Channel Insights:

• Business to Business
• Business to Consumer

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes business to business, and business to consumer.

End Use Insights:

• Industrial
• Food Service
• Retail

A detailed breakup and analysis of the market based on the end use have also been provided in the report. This includes industrial, food service, and retail.

Regional Insights:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

The report has also provided a comprehensive analysis of all the major regional markets, which include Australia Capital Territory & New South Wales, Victoria & Tasmania, Queensland, Northern Territory & Southern Australia, and Western Australia.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Australia Edible Oil Market News:

• In March 2024, Australian Oilseed Investments (AOI) and EDOC Acquisitions Corporation merged in a US$190M deal to form Australian Oilseeds Holdings (AOH), creating an oilseed giant in the Asia-Pacific region. The merger will expand AOI's crushing capacity to 160,000 tonnes, positioning AOH as the largest cold-pressed oil and meal producer. AOI’s director Gary Seaton will lead AOH as CEO and chair, focusing on non-GMO, chemical-free feed ingredients for the food supply chain.
• In February 2024, Cargill launched the SustainConnect programme in Australia to meet the growing demand for sustainable canola. The initiative supports local farmers by offering financial incentives for adopting sustainable practices, such as nutrient management and reduced tillage, to enhance soil health and reduce emissions. Partnering with Regrow, Cargill will measure and verify carbon outcomes using advanced data and remote sensing to drive sustainability in agriculture.

Australia Edible Oil Market Report Coverage:

Key Questions Answered in This Report:

• How has the Australia edible oil market performed so far and how will it perform in the coming years?
• What is the breakup of the Australia edible oil market on the basis of product type?
• What is the breakup of the Australia edible oil market on the basis of nature?
• What is the breakup of the Australia edible oil market on the basis of distribution channel?
• What is the breakup of the Australia edible oil market on the basis of end use?
• What is the breakup of the Australia edible oil market on the basis of region?
• What are the various stages in the value chain of the Australia edible oil market? 
• What are the key driving factors and challenges in the Australia edible oil market?
• What is the structure of the Australia edible oil market and who are the key players?
• What is the degree of competition in the Australia edible oil market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Australia edible oil market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Australia edible oil market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Australia edible oil industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.