High Oleic Oil Market

High Oleic Oil Market Outlook (2024 to 2034)

The global high oleic oil market is poised for tremendous growth at a CAGR of 6.6% until 2034. The market is estimated to be valued at US$ 9,786.2 million in 2024. Experts predict a steady increase in the economy. By 2034, the market is expected to expand and reach a size of US$ 18,564.2 million owing to the rising product demand in the food and beverage industry. Due to the multiple benefits and adaptability in various culinary applications, the industry is rapidly migrating toward high oleic oil.

High oleic oil offers excellent oxidation resistance, extending the shelf life of fresh-baked items and packaged meals. Functionality testing shows it produces baked products with improved oxidative stability, similar to partially hydrogenated oils. Its neutral taste profile allows authentic flavors to shine.

Key Market Growth Drivers

• The growing demand for cooking oils with higher oleic acid content due to their stability, longer shelf life, and lower oxidation risk makes them a more nutritious alternative to saturated and trans fats. These oils also contain more monounsaturated fats, which benefit heart health.
• The food and beverage sector widely uses high oleic oil for frying, baking, making salad dressings, and making margarine because of its stable and desired nutritional qualities.
• Owing to its enhanced drug stability and compatibility with active pharmaceutical components, the pharmaceutical industry is using high oleic oil as an excipient in therapeutic formulations.
• The goal of ongoing research and development is to enhance oilseed varieties to yield oils with more excellent oleic acid content, boosting their market potential and improving their functioning.

Several reasons point to a significant rise in the market. These include increased research and development activities, the growth of the bio-based chemical industry, the incidence of chronic diseases, and the growing need for oleo chemicals. The high-oleic oil market is likely to increase steadily in the future as people become more aware of its benefits.

Report Attributes	Details
Estimated Market Value (2024E)	US$ 9,786.2 million
Forecasted Market Value (2034F)	US$ 18,564.2 million
Global Market Growth Rate (2024 to 2034)	6.6% CAGR
Conventional Segment Growth Rate (2024 to 2034)	6.9%
Sunflower Segment Growth Rate (2024 to 2034)	6.3%
North America Market Share (2024)	24.5%
East Asia Market Share (2024)	22.6%
Key Companies Profiled	James Richardson & Sons, Limited Macjerry Sunflower Company Aston Food and Food Ingredients Oilseed International, Ltd. Gustav Heess Oleochemische Erzeugnisse GmbH Borges Agricultural & Industrial Oils, S.A.U. Marbacher Ölmühle GmbH Cargill, Incorporated Archer Daniels Midland Company Bunge Limited PPB Berhad Group Adams Group Inc. Colorado Mills Jivo Wellness Pvt. Ltd. CHS Inc.

What is Driving the Global Surge in Demand for High Oleic Oil?

“Demand for Culinary Advancements Boosting Market for High Oleic Oil”

The food production industry utilizes high oleic oil because of its exceptional performance and application qualities. Making potato and corn chips and other par-fried snacks is in vogue. Additionally, you may use this oil to prepare vegetarian meals, marinades, salads, and spray coatings for cereals, crackers, dried fruits, and bakery goods.

One of its main advantages is the high smoke point of high oleic oil-much greater than that of other oils. Because of its exceptional quality, it is perfect for high-heat uses like deep-frying, stir-frying, sautéing, and other related culinary techniques. Additionally, the oil has an excellent fry life due to its high oil acid concentration, stabilizing it and reducing its susceptibility to oxidation.

The demand for high oleic oil is anticipated to be driven by the food manufacturing sector, which caters to health-conscious customers. It is a highly preferred option for people searching for healthier substitutes for conventional cooking oils because of its distinct qualities and health advantages.

“Cosmetic Production Skyrockets Owing to Oleic Acid-rich Products”

The health and beauty industry, especially cosmetics and personal care, drives the growth of the high oleic oil market. High oleic oil helps lessen wrinkles, acne, and pimples because it contains omega-3 and omega-6 fatty acids. It also helps prevent cardiovascular diseases. Owing to its elevated vitamin composition, it is widely used as a vital component in cosmetics.

Vitamin E-fortified high oleic oil benefits skin and hair, enabling specific targeting in the personal care and cosmetics sectors. Because of its anti-aging properties and extensive usage in cosmetics and unique hygiene products, oleic oil is experiencing a surge in demand in the market. It addresses fine lines, acne, wrinkles, and blemishes. Rising output and shifting customer tastes are expected to drive the high oleic oil market growth.

What are the Challenges Encountered by High Oleic Oil Manufacturers?

“High Expenditure of High Oleic Oils Along Renders the Utilization in Various Industries”

The high oleic oil market faces challenges due to higher consumer preference for conventional oil than high oleic alternatives, making it difficult for farmers to switch to high oleic crops, resulting in yield loss. Farmers are willing to pay premiums for high oleic seeds despite the benefits.

High oleic seeds pose a challenge for farmers due to high price volatility, resulting in market uncertainty and potential losses. Access to these seeds may also be a concern, as breeders dislike holding a surplus due to price fluctuations.

High oleic oils, grown primarily on contract, pose a challenge as their supply is unpredictable, posing significant obstacles for manufacturers seeking reliable and consistent high-oleic oil supply.

These factors hinder market growth and the market's ability to reach its true potential. The industry must address these challenges to ensure that high oleic oilseed and oil demand can reach its true market potential.

Country-wise Insights

The market for high oleic oil in North America is expected to increase at a CAGR of 7.2% through 2034. This growth is driven by the increasing demand for healthy cooking oils in significant countries such as the United States and Canada. High-stability oils in the United States are anticipated to have a market share of 66.1% in 2024. Similarly, the East Asian premium cooking oils market is predicted to grow at an impressive CAGR of 8.0% by 2034. China is expected to lead the East Asian oleic acid-rich oils industry with a massive 71.9% market share in 2024.

Which Factors Position China as a Thriving Market for High Oleic Oil?

“Nutritional Edible Oil Production and China's Plant-Based Dieting Initiatives”

Attribute	Details
Market Value (2024)	US$ 1,591.4 million
CAGR (2024 to 2034)	7.7%

The East Asian high oleic oil market is anticipated to reach US$ 2,214 million in 2024, with a revenue share of 22.6% and a CAGR of 8.0% through 2034. By 2024, the Chinese high-oleic oil market is expected to generate US$ 1,591.4 million in sales, accounting for 71.9% of the country's total GDP. The Chinese market is anticipated to develop at a CAGR of 7.7% through 2034.

The market for high-oleic oil has enormous development potential in China. The demand for high oleic oils is rising due to several causes, such as changing dietary preferences, fast urbanization, population growth, and increasing knowledge of health benefits.

China is a crucial market in the East Asian region, with consumers inclined toward healthier cooking oils and a preference for premium and functional food products. The middle-class population is expanding rapidly, disposable income is increasing, and modern retail infrastructure is developing, all of which provide significant market growth opportunities in China.

Why is the United States Dominating the Global High Oleic Oil Market?

“The United States Industry Provides Fertile Ground for Sales of High Oleic Oil”

Attribute	Details
Market Value (2024)	US$ 1,582.1 million
CAGR (2024 to 2034)	6.9%

It is projected that the North American high oleic oil market is estimated to reach US$ 2,392.7 million in 2024, with a 24.5% revenue share and a CAGR of 7.2% through 2034. The high-oleic oil industry in the United States is predicted to produce US$ 1,582.1 million in 2024, with 66.1% of the nation's GDP. The United States industry is expected to grow at a CAGR of 6.9% through 2034 for high-oleic oil.

The increased demand for healthier food alternatives brought about by consumers' rising knowledge of the health advantages of high-oleic oils contributes to the growth of the high-oleic oil market in North America.

The United States, being a major consumer and producer of high oleic oils, is primarily driven by the demand from the food-service and processed food sectors. Key players, advanced production technologies, and a well-established distribution network characterize the market.

The nation prioritizes sustainable sourcing and organic production methods, with market players diversifying and innovations to cater to specific dietary preferences, leading to the development of a diverse range of high-oleic oil products.

Category-wise Insights

The conventional category is expected to hold a 76.33% market share in 2024 due to its nature. Simultaneously, the organic segment would secure 23.67% of the market, significantly enhancing the industry's resource diversity and stability.

Based on type, the sunflower sector will retain a considerable share of 33.55% in the high oleic oil market in 2024. The sunflower category is predicted to have a 32.67% market share by 2034 and increase at a CAGR of 6.3%.

Why is the Demand for Organic High Oleic Oil Surging in the Market?

“Rising Need for High Oleic Sunflower Oil in Various Applications”

Attribute	Details
Market Share (2024)	33.55%

Sunflower seed, achene-generated, has an oil-rich kernel and a shell of lignin and cellulose. It is a highly sought-after oil, surpassing other vegetable oils like soybean, cottonseed, and rapeseed in some countries. Sunflower oil is valued globally due to its high linoleic acid and vitamin E content, making it a popular choice for home and retail use.

Sunflower oil is used for frying, margarine formulations, emulsions, and sauce preparation. Its high solids and distinct melting profiles can be obtained by fractionating high stearic-high oleic sunflower oils, which can be used in various culinary compositions like coatings, fillings, spreads, etc.

Competitive Landscape in the High Oleic Oil Market

The competitive high oleic oil market is driven by expansion, strategic alliances, and innovation. Businesses invest in significant research and development to improve their goods and sustain robust distribution channels. In order to satisfy customer expectations and boost supply chain effectiveness, they broaden their product offers. Creating distribution networks and marketing investments are two marketing tactics for expanding a market. In the ever-changing competitive landscape, competitive pricing, efficient marketing, and sustainability are essential. Its never-ending search for innovation and growth shows the industry's unwavering dedication to satisfying customer requirements.

Recent Developments in the High Oleic Oil Market

• In October 2023, scientists at Skoltech, Pustovoit All-Russian Research Institute of Oil Crops, OilGene, and other institutions discovered new markers that will accelerate sunflower breeding and improve the production of high-oleic oil.
• In June 2023, Junagadh Agricultural University (JAU) and ICRISAT teamed up to develop GG 39 (ICGV 16697), a Spanish bunch groundnut variety ideal for rainy season agriculture in Gujarat, India.

Segmentation of the High Oleic Oil Market

• By Nature:

  • Organic
  • Conventional

• By Type:

  • Canola
  • Sunflower
  • Soybean
  • Palm
  • Others

• By Region:

  • North America
  • Europe
  • Latin America
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa