Base Year
Historical Year
Forecast Year
Value in AUD million
2024-2032
Australia Cooking Oil Market Outlook
*this image is indicative*
The Australia cooking oil market expansion is being driven by the expansion of supermarkets and hypermarkets as they are conveniently located and accessible while offering a wide range of products to cater to the diverse needs of consumers.
Cooking oils enrich the taste of dishes as they offer unique flavours and aromas while enhancing their nutritional profile. These oils cater to the dietary preferences of individuals as they provide diverse options to individuals with specific nutritional requirements. Cooking oils such as avocado oil and olive oil contain antioxidants that may help to reduce the risk of chronic diseases like diabetes, heart disease and others. Supermarkets and hypermarkets offer a wide range of product profiles of cooking oil from different brands and types allowing individuals to purchase cooking oils along with their regular grocery shopping in one place saving their time and effort.
| Australia Cooking Oil Market Summary | Description | Value |
| Base Year | AUD Billion | 2023 |
| Historical period | AUD Billion | 2018-2023 |
| Forecast Period | AUD Billion | 2024-2032 |
| Market Size 2023 | AUD Billion | 6.3 |
| Market Size 2032 | AUD Billion | 9.6 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.8% |
| CAGR 2024-2032 - Market by Region | New South Wales | 5.5% |
| CAGR 2024-2032 - Market by Region | Victoria | 5.1% |
| CAGR 2024-2032 - Market by Type | Olive Oil | 5.5% |
| CAGR 2024-2032 - Market by Distribution Channel | Supermarkets and Hypermarkets | 5.3% |
| Market Share by Region | Western Australia | 9.4% |
The increasing awareness of sustainable and naturally sourced products has led companies and manufacturers to produce 100% naturally crushed and naturally purified high-stability cooking oil thus driving the Australia cooking oil market growth. Companies like Oil2U provide natural and sustainable sourced oil products, their canola oil is made from 100% non-GMO canola seeds and is free of any artificial preservatives or additives.
Australia Cooking Oil Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
Market Breakup by Application
Market Breakup by Distribution Channel
Market Breakup by Region
Cooking oil serves as a base ingredient in various food products like margarine, fillings, and spreads due to its ability to provide texture, flavour, and consistency. It also acts as a medium for blending with other ingredients to achieve desired taste profiles and functionalities.
| CAGR 2024-2032 - Market by | Region |
| New South Wales | 5.5% |
| Victoria | 5.1% |
| Queensland | 5.0% |
| Western Australia | 4.6% |
| Australian Capital Territory | 4.3% |
| Others | 3.8% |
The growth of the cooking oil market is fuelled by increasing preference for supermarkets and hypermarkets and the simultaneous increase in sustainably and naturally sourced oils.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!
The market is projected to grow at a CAGR of 4.70% between 2024 and 2032.
Based on the type, the cooking oil market is bifurcated palm oil, soy oil, sunflower oil, peanut oil, olive oil, rapeseed oil, and others.
Key players in the industry are Plenty Foods Pty Ltd., Cobram Estate Olives Limited, Koala Gold, Grampians Olive Co., and Alba Edible Oils among others.
Based on application, the cooking oil market is divided into bakery and confectionery, snack foods, salads, margarine, fillings and spreads, and others.
The different distribution channels in the cooking oil market include supermarkets and hypermarkets, convenience stores, online channels, and others.
The market is broken down into New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| 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:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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