As per the Market Statsville Group (MSG), the global cooking oil market size is expected to grow from USD 154,961.2 million in 2021 to USD 250,896.4 million by 2030, gowing at a CAGR of 5.5% during the forecast period (2022-2030). Cooking oils are naturally liquid at room temperature; however, some oils that contain saturated fat, such as coconut oil, and palm kernel oil, remains solid even in slightly low temperature. The common edible oils are mostly vegetable oils, including but not limited to sesame oil, peanut oil, olive oil, palm oil, rapeseed oil, corn oil, camellia oil, canola oil, sunflower seed oil, linseed oil (soma oil), grape seed oil, soybean oil, walnut oil, peony seed oil, and other vegetable oils.

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Recent years have seen consumer inclination toward organic, natural, and GMO-free products. Thus, demand for organic edible oil has gained huge popularity, particularly in the last four years. Leading players upgrade their product offerings with organic and Non-GMO certified cooking oils to cater to this new opportunity. For instance, Nutiva unveiled organic liquid coconut oils were USDA Certified Organic and Non-GMO Project Verified liquid hexane-free oil made without chemicals or filler oil. On similar lines to cater burgeoning demand for Non-GMO oils, Whole Harvest, a subsidiary of Bunge North America, has expanded its facilities to cater to the demand for Non-GMO soybean and canola oils for food service operators in the US and Canada. Therefore, demand for organic and non-GMO certified oils is likely to gain huge traction in the years to come.

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