Australia Edible Oils Market to Grow with a CAGR of 4.92% through 2030F

The Australia edible oils market is growing due to increasing consumer demand for healthier cooking options, rising awareness about the benefits of plant-based oils, and the growing trend towards organic and sustainable products.

According to TechSci Research report, “Australia Edible Oils Market – By Region, Competition Forecast & Opportunities, 2020-2030F”, the Australia Edible Oils Market was valued at USD 4.41 Billion in 2024 and is expected to reach USD 5.86 Billion by 2030 with a CAGR of 4.92% during the forecast period. The Australia edible oils market has witnessed steady growth in recent years, driven by evolving consumer preferences, increasing health consciousness, and a growing demand for high-quality and sustainable products. As one of the largest importers and consumers of edible oils in the Asia-Pacific region, Australia plays a significant role in shaping global edible oil trends. The market's growth is attributed to several key factors, including shifting dietary habits, the rise of plant-based diets, and an increasing focus on healthier alternatives. Furthermore, the demand for premium and niche oils, such as olive, avocado, and coconut oils, is gaining momentum, signaling a shift toward a more health-conscious consumer base. This market is also driven by advancements in the food processing industry, which supports the innovation of new and improved edible oils that cater to evolving consumer needs.

In recent years, consumer awareness surrounding health and wellness has accelerated, significantly influencing purchasing behavior in the edible oils market. Many Australians are moving away from traditional oils like palm oil and sunflower oil, which are often perceived as less healthy due to their high saturated fat content. Instead, there is a noticeable shift toward oils that are perceived as healthier, such as olive oil, avocado oil, and canola oil. These oils are considered to offer a range of health benefits, including improved cardiovascular health, better cholesterol levels, and enhanced skin health. This growing demand for healthier cooking oils has led to a surge in the availability and popularity of these products in supermarkets, health food stores, and online platforms across Australia.

The rise of plant-based and vegan diets is another key factor driving the growth of the Australia edible oils market. With the increasing adoption of plant-based foods and lifestyles, consumers are becoming more conscious of the oils they use in their daily diets. Plant-based oils like olive, canola, and sunflower are being increasingly used for cooking, dressing, and baking as they are considered more suitable for plant-based diets compared to animal-derived fats such as lard or butter. This shift is not only motivated by health considerations but also by ethical and environmental concerns. As consumers become more concerned about the impact of their food choices on the environment and animal welfare, plant-based oils are emerging as the preferred alternative for many.

Sustainability has become a major focus in the edible oils industry, with both producers and consumers paying more attention to the environmental impact of their choices. Palm oil, for instance, has been heavily criticized for its links to deforestation, habitat destruction, and environmental degradation. As a result, many Australians are turning away from palm oil in favor of more sustainable options. The demand for certified sustainable oils is on the rise, with consumers actively seeking products that carry certification labels such as the Roundtable on Sustainable Palm Oil (RSPO) or Fair Trade certifications. This trend is prompting manufacturers and retailers to align their sourcing practices with sustainability standards to meet consumer expectations. As sustainability becomes a key consideration in the edible oils market, companies are investing in more eco-friendly production methods, packaging, and supply chain transparency.

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The Australia Edible Oils Market is segmented into type, nature, distribution channel and region.

Based on nature, organic segment is the fastest-growing in the Australia edible oils market, driven by increasing consumer demand for healthier and more sustainable products. As awareness of the health benefits of organic oils rises, Australians are increasingly opting for oils like organic olive, coconut, and canola. These oils are perceived as free from pesticides, chemicals, and synthetic fertilizers, offering a cleaner and healthier alternative. Additionally, the growing trend of environmentally conscious consumption has led consumers to seek products with organic certifications, further accelerating the growth of the organic edible oils segment in Australia’s competitive market.

Based on region, Western Australia is the fastest-growing region in the Australia edible oils market, driven by a growing demand for high-quality oils and an increasing focus on sustainable agricultural practices. The region’s expansive farming sector, particularly its production of canola and other oilseeds, contributes significantly to the local supply of edible oils. Additionally, Western Australia’s focus on organic farming and eco-friendly practices aligns with the rising consumer preference for healthier and more sustainable products. The increasing number of health-conscious consumers and the availability of locally produced oils have positioned Western Australia as a key driver of market growth in the country.

Major companies operating in Australia Edible Oils Market are:

• Alba Edible Oils
• Plenty Foods PTY LTD
• Sherman Foods
• Corval Group
• Goodman Fielder Pty Limited
• Monini S.p.A.
• Cootamundra Oilseed Pty Ltd.
• Cargill, Incorporated
• Cobram Estate, LLC
• DEOLEO, S.A.

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“The Australia Edible Oils Market is experiencing significant growth, driven by changing consumer preferences, increasing health awareness, and a growing demand for sustainable, plant-based options. As Australians continue to prioritize healthier lifestyles and ethical food choices, the market is poised to benefit from the rise of premium oils, local production, and innovative product offerings. While challenges such as price volatility and sustainability concerns persist, the ongoing focus on health, sustainability, and innovation will likely propel the market forward in the coming years. The future of the Australian edible oils market holds great potential as it adapts to evolving consumer needs and global market trends.” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Australia Edible Oils Market By Type (Canola Oil, Vegetable Oil, Olive Oil, Nuts Oil, Others), By Nature (Organic, Conventional), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online, Others), By Region, Competition, Forecast & Opportunities, 2020-2030F”, has evaluated the future growth potential of Australia Edible Oils Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Australia Edible Oils Market.

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