Australia Edible Oil Market Projected to Reach USD 7.2 Billion by 2033

The latest report by IMARC Group, titled Australia Edible Oil Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025–2033, offers a comprehensive analysis of the Australian edible oil market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. 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.

Base Year: 2024

Forecast Years: 2025–2033

Historical Years: 2019–2024

Market Size in 2024: USD 5.0 Billion

Market Forecast in 2033: USD 7.2 Billion

Market Growth Rate 2025–2033: 4.1%

Australia Edible Oil Market Overview

The Australian edible oil market is experiencing growth, driven by rising health awareness and a shift toward plant-based cooking. Consumers are showing a growing preference for oils rich in heart-healthy fats, such as olive and canola oil. The increasing adoption of vegan diets and sustainability-focused consumption is also shaping purchasing decisions. In response, manufacturers are promoting cold-pressed and organic options, aligning with clean-label trends and the demand for minimally processed foods.

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Australia Edible Oil Market Trends and Market Drivers

The Australian edible oil market is evolving as producers embrace eco-friendly extraction technologies and sustainable sourcing practices. Innovations in packaging and branding—such as the use of recyclable materials and health-conscious labeling—are boosting consumer engagement. Government dietary guidelines and public health campaigns promoting the consumption of unsaturated fats are also driving market growth. Furthermore, the rise of e-commerce is strengthening distribution channels, particularly for premium and organic edible oil products.

Australia Edible Oil Market Segmentation:

1. By Product Type:

·        Olive Oil

·        Canola Oil

·        Sunflower Oil

·        Palm Oil

·        Soybean Oil

·        Others

2. By Nature:

·        Organic

·        Conventional

3. By Distribution Channel:

·        Supermarkets and Hypermarkets

·        Online Retail

·        Convenience Stores

·        Others

4. By End Use:

·        Household

·        Food Processing

·        Food Service

·        Others

5. By Region:

·        New South Wales

·        Victoria

·        Queensland

·        South Australia

·        Western Australia

·        Tasmania

·        Northern Territory

·        Australian Capital Territory

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Australia Edible Oil Market News:

May 2024: Conga Foods introduced a new healthy oil blend brand “Ohlio” to cater to premium consumers.

February 2024: Cargill launched the SustainConnect initiative to promote sustainable canola farming practices in Australia.

Key Highlights of the Report:

1. Market Performance (2019–2024)
2. Market Outlook (2025–2033)
3. COVID-19 Impact on the Market
4. Porter’s Five Forces Analysis
5. Strategic Recommendations
6. Historical, Current and Future Market Trends
7. Market Drivers and Success Factors
8. SWOT Analysis
9. Structure of the Market
10. Value Chain Analysis
11. Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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