Plant-Based Fats Market: By Type (Saturated, Unsaturated, and Trans), Products Type (Soybean, Canola, Palm Oil, Palm Kernel, Groundnut, Sunflower, Coconut), Application (Food, Industrial, and Others), and Geography (North America, Europe, Asia Pacific, Latin America, and MEA) and Forecast to 2029

Purchase Option

$ 3000
$ 4400
$ 6600
$ 8900

Plant-based Fats market was valued at USD 60.3 billion in 2022 and expected to grow USD 92.6 billion growing at an 18.3% CAGR from 2023 to 2029. Plant based fats are vegetable product contains monosaturated and unsaturated fat such vegetables are avocado, nuts, chia seeds, soybean, canola, palm oil and others. Vegetable fats are used for manufacturing of different edible oils like palm oil, olive oil, sunflower oil and others, edible oils market increasing as increase in the food industry. The manufacturing of edible oils increased in the past years due to increase in food industry lifestyle which leads to high demand of plant-based fat oil in the market. Demand for rich and healthy edible oil and fats, changing in lifestyle and consumption habitat, increasing health awareness among the people are the major factor drive the market. The daily consumptions of plant based fats from different plant and increase in the demand of edible oils in the market creates different opportunity to the key players to expand their business in the area. Higher prices for the raw material of plant-based fats leads to increase prices in manufacturing of edible oils creates new challenges in the plant-based fat market. Geographically, Europe and Middle East region held the major market share in 2022 and is expected to dominate the Plant based fat market in the forecasted years.

Recent Market Developments:

In February 2022. Givaudan has launched primelock+Tm, a patent-pending, vegan- friendly integrated solutions that mimic animal fat cells, enabling food companies to take plant-based development and consumer satisfaction into new level.

Plant-based Fats Market Summary

Study Period

2023– 2029

Base Year




Largest Market

Asia Pacific

Fastest Growing Market

North America
Plant-based Fats Market Dynamics

The increasing demand of vegetable fat and edible oil across the world is the major market driver in the Plant-based Fats Market during the forecast period. Increase in the demand for rich quality edible oil in the market leads to increased demand, vegetable oils and fats eradicates the animal-based oil which contains saturated fats results various health problems like high cholesterol, high blood pressure, replacing saturated fat with monosaturated and polysaturated alternatives improves health and reduces chronic diseases like cardiovascular diseases and obesity these factors drive plant-based fat market.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Plant-based Fats Market Segmentation

By Type
  • Saturated
  • Unsaturated
  • Trans
By Product Type
  • Soybean
  • Canola
  • Palm Oil
  • Palm Kernel
  • Groundnut
  • Sunflower
  • Coconut
By Application
  • Food
  • Industrial
  • Others
  • Food
  • Industrial
  • Others
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA


Frequently Asked Questions

The Plant-based Fats market size was USD 60.3 billion in 2022 and expected to grow USD 92.6 billion growing at an 18.3% CAGR from 2023 to 2029.

The Plant-based Fats product are; Soybean, Canola, Palm Oil, Palm Kernel, Groundnut, Sunflower, Coconut, and others

The leading players in the Plant-based Fats Market are; Archer Daniels Midland Company, Unilever PLC, Kite Hill, Cubiq Foods, Carapelli Firenze S.P.A., Richardson Oilseed Ltd., J-Oil Mills Inc., CHS Inc., United Plantation Berhad and among others.

  • Archer Daniels Midland Company
  • Unilever PLC
  • Kite Hill
  • Cubiq Foods
  • Carapelli Firenze S.P.A.
  • Richardson Oilseed Ltd.
  • J-Oil Mills Inc.
  • CHS Inc.
  • United Plantation Berhad
  • among others.