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Australia Vegetable Oils Market Size, Share, Trends, Growth: By Type: Soybean Oil, Palm Oil, Olive Oil, Sunflower Oil, Others; By Application: Food, Feed, Industrial; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Australia Vegetable Oils Market Outlook
The Australia vegetable oils market size reached USD 645.0 million in 2023. The market is expected to grow at a CAGR of 4.7% between 2024 and 2032, reaching USD 980.2 million by 2032.
Key Takeaways:
- In 2024, Australia's livestock count reaches 26 million as per the latest stats from the Australian Bureau of Statistics.
- Each year, Australia consumes more than 600,000 tons of oils, mainly in food, according to the Australia Oilseeds Federation.
- The USDA predicts Canola output at 3.9 million metric tons in 2021/22, influencing the Australia vegetable oils market.
In the Australia vegetable oils market growth, food applications often prefer these oils as a healthier substitute for animal fats in cooking as these oils are rich in unsaturated fats, known for their heart-healthy properties
In the food industry, vegetable oils are favoured for their heart-healthy properties due to their unsaturated fats. They contain crucial omega-3 and omega-6 fatty acids, promoting overall health. These oils, such as sunflower and palm, are extensively used in various foods, extending their shelf life, meeting dietary preferences, appealing to health-conscious consumers, and reflecting global culinary trends.
Similarly, the AOOA's "Get Drizzling" campaign, initiated in October 2023, highlighted the health benefits and culinary versatility of all grades of olive oil, showing early success. The campaign encouraged Australians, including those with a penchant for ice cream, to adopt olive oil in their cooking routines.
In the feed industry, vegetable oils play a crucial role as nutritional supplements for livestock. They offer essential fatty acids and energy necessary for livestock growth. These oils enhance feed formulations, providing a dense energy source, improving feed efficiency, supporting livestock health, aligning with sustainability practices, and acting as alternative protein sources for aquaculture.
Market Segmentation
Australia Vegetable Oils Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Soybean Oil
- Palm Oil
- Olive Oil
- Sunflower Oil
- Others
Market Breakup by Application
- Food
- Feed
- Industrial
Market Breakup by Region
- New South Wales
- Victoria
- Queensland
- Australian Capital Territory
- Western Australia
- Others
The Australia vegetable oils market key players are Archer-Daniels-Midland Company, Bunge Global SA, Cargill Inc., Louis Dreyfus Company B.V. and Wilmar International Limited among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Vegetable Oils Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Vegetable Oils Historical Market (2018-2023)
8.3 Asia Pacific Vegetable Oils Market Forecast (2024-2032)
9 Australia Vegetable Oils Market Overview
9.1 Key Industry Highlights
9.2 Australia Vegetable Oils Historical Market (2018-2023)
9.3 Australia Vegetable Oils Market Forecast (2024-2032)
10 Australia Vegetable Oils Market by Type
10.1 Soybean Oil
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Palm Oil
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Olive Oil
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Sunflower Oil
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Australia Vegetable Oils Market by Application
11.1 Food
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Feed
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Industrial
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Australia Vegetable Oils Market by Region
12.1 New South Wales
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Victoria
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Queensland
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Australian Capital Territory
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Western Australia
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Value Chain Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Archer-Daniels-Midland Company
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Bunge Global SA
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Cargill Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Louis Dreyfus Company B.V.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Wilmar International Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Vegetable Oils Market: Key Industry Highlights, 2018 and 2032
2. Australia Vegetable Oils Market: Key Industry Highlights, 2018 and 2032
3. Australia Vegetable Oils Historical Market: Breakup by Type (USD Million), 2018-2023
4. Australia Vegetable Oils Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Australia Vegetable Oils Historical Market: Breakup by Application (USD Million), 2018-2023
6. Australia Vegetable Oils Market Forecast: Breakup by Application (USD Million), 2024-2032
7. Australia Vegetable Oils Historical Market: Breakup by Region (USD Million), 2018-2023
8. Australia Vegetable Oils Market Forecast: Breakup by Region (USD Million), 2024-2032
9. Australia Vegetable Oils Market Structure
Key Questions Answered in the Report
The market was valued at USD 645.0 million in 2023.
The market is projected to grow at a CAGR of 4.7% between 2024 and 2032.
The revenue generated from the market is expected to reach USD 980.2 million in 2032.
The vegetable oils market is categorised according to type, which includes soybean oil, palm oil, olive oil, sunflower oil, and others.
The key players are Archer-Daniels-Midland Company, Bunge Global SA, Cargill Inc., Louis Dreyfus Company B.V. and Wilmar International Limited among others.
Based on the application, the market is divided into food, feed and industrial.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
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