The Global Plant-based Oils Market was valued at USD 241.5 Billion in 2023 and is projected to reach USD 324.8 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 6.1% during the forecast period (2023–2028). This robust growth is propelled by increasing consumer demand for healthy cooking oils, the expansion of the biofuel industry, and the widespread application of plant-based oils in food processing, animal feed, and industrial sectors.

As the global economy shifts toward sustainable and renewable resources, the plant-based oils industry stands at the forefront of this transformation. The market is characterized by a dynamic mix of agribusiness giants, specialized processors, and sustainability-focused innovators. In this blog, we profile the Top 10 Companies in the Plant-based Oils Industry—key players who are not only meeting current demand but are also shaping the future of this essential global market through innovation and strategic expansion.

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🔟 1. Bunge Limited

Headquarters: St. Louis, Missouri, USA
Key Offering: Soybean Oil, Canola Oil, Sunflower Oil, Palm Oil

Bunge Limited is a global leader in oilseed processing and a leading producer and supplier of plant-based oils. The company operates an extensive network of crushing, refining, and bottling facilities worldwide, serving the food, feed, and fuel industries. Bunge’s integrated supply chain ensures a consistent and reliable flow of high-quality oils to its diverse customer base.

Sustainability and Innovation Initiatives:

• Commitment to a deforestation-free supply chain by 2025

• Investment in regenerative agriculture practices

• Development of high-oleic and low-saturate oilseed varieties

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9️⃣ 2. Cargill Incorporated

Headquarters: Wayzata, Minnesota, USA
Key Offering: Canola Oil, Palm Oil, Soybean Oil, Specialty Oils

Cargill is one of the world’s largest privately held corporations and a dominant force in the agricultural sector. Its plant-based oils division is a cornerstone of its business, providing ingredients to food manufacturers, foodservice providers, and retailers globally. Cargill is renowned for its focus on food safety, traceability, and customer-centric innovation.

Sustainability and Innovation Initiatives:

• Ambition to sustainably source key commodities, including palm oil and soy

• Development of Clear Valley® canola oil and other specialty low-saturate oils

• Partnerships to advance sustainable agriculture and farmer livelihoods

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8️⃣ 3. Archer Daniels Midland Company (ADM)

Headquarters: Chicago, Illinois, USA
Key Offering: Soybean Oil, Canola Oil, Sunflower Oil, Biodiesel

ADM is a premier global agricultural processor and food ingredient provider. Its extensive oilseeds processing capabilities make it a key supplier of plant-based oils for food, feed, and industrial applications. ADM’s strength lies in its global footprint and its ability to create value-added products tailored to specific customer needs.

Sustainability and Innovation Initiatives:

• Strategic focus on expanding production capacity for high-demand oils like canola and sunflower

• Leadership in the production of biofuels, including biodiesel from plant-based oils

• Commitment to sustainable sourcing and reducing environmental footprint

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7️⃣ 4. Wilmar International Limited

Headquarters: Singapore
Key Offering: Palm Oil, Lauric Oils, Soybean Oil, Consumer Pack Oils

Wilmar International is one of Asia’s leading agribusiness groups and the world’s largest processor and merchandiser of palm and lauric oils. With a massive integrated business model that stretches from plantations to branded consumer products, Wilmar has a formidable presence in the global oils and fats market.

Sustainability and Innovation Initiatives:

• No Deforestation, No Peat, No Exploitation (NDPE) policy implementation across its supply chain

• Investment in refining and fractionation technology for value-added products

• Expansion of its branded consumer pack portfolio in emerging markets

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6️⃣ 5. Louis Dreyfus Company (LDC)

Headquarters: Rotterdam, Netherlands
Key Offering: Soybean Oil, Rapeseed Oil, Sunflower Oil

Louis Dreyfus Company is a leading merchant and processor of agricultural goods. Its oils division plays a critical role in the global supply chain, connecting oilseed origins with consumption centers worldwide. LDC is known for its logistics expertise and risk management capabilities in volatile commodity markets.

Sustainability and Innovation Initiatives:

• Commitment to traceability and transparency in its supply chains

• Focus on digitalization to enhance supply chain efficiency and sustainability

• Active participation in industry initiatives for sustainable soy and palm oil

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5️⃣ 6. Astra Agro Lestari Tbk

Headquarters: Jakarta, Indonesia
Key Offering: Crude Palm Oil (CPO), Palm Kernel Oil

Astra Agro Lestari is one of Indonesia’s largest palm oil plantation companies. It is a pure-play producer focused on the upstream segment of the palm oil value chain, cultivating oil palm and producing crude palm oil and palm kernel oil for the domestic and international markets.

Sustainability and Innovation Initiatives:

• Implementation of Indonesian Sustainable Palm Oil (ISPO) certification across its estates

• Investment in yield improvement and best agricultural practices

• Commitment to community development and social responsibility programs

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4️⃣ 7. Olam Group

Headquarters: Singapore
Key Offering: Palm Oil, Cocoa Butter, Cottonseed Oil, Specialty Oils

Olam Group is a leading food and agri-business supplying food, ingredients, feed, and fiber to over 20,000 customers worldwide. Its plant-based oils business is a significant part of its portfolio, leveraging its global sourcing network to provide a wide range of edible oils and oil-based ingredients.

Sustainability and Innovation Initiatives:

• At the Heart of Health & Sustainability strategy, focusing on nutritious and sustainable products

• Olam Livelihood Charter to improve the welfare of farmers in its supply chain

• Development of sustainable and traceable sourcing models for key commodities

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3️⃣ 8. Golden Agri-Resources (GAR)

Headquarters: Singapore
Key Offering: Palm Oil, Palm Kernel Oil

Golden Agri-Resources is the world’s second-largest palm oil plantation company by planted area. As a subsidiary of the Sinar Mas Group, GAR is fully integrated across the palm oil value chain, from cultivation and milling to refining, branding, and distribution.

Sustainability and Innovation Initiatives:

• Pioneer of the Forest Conservation Policy, a comprehensive No Deforestation commitment

• Extensive smallholder support programs to promote sustainable practices

• Investment in R&D for high-yield, disease-resistant oil palm seeds

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2️⃣ 9. Associated British Foods plc (ABF) – through its subsidiary ACH Food Companies

Headquarters: London, United Kingdom (ACH: Cordova, Tennessee, USA)
Key Offering: Mazola® Corn Oil, Oleico® Sunflower Oil, Heritage Seed Oils

ACH Food Companies, a part of ABF’s grocery division, is a major player in the North American edible oils market. The company markets a strong portfolio of branded and private-label cooking oils and shortenings, with a focus on health and wellness through products like high-oleic oils.

Sustainability and Innovation Initiatives:

• Focus on product innovation to meet consumer demand for heart-healthy oils

• Sustainable sourcing policies for key raw materials

• Strong investment in consumer marketing and brand building

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1️⃣ 10. Viterra

Headquarters: Rotterdam, Netherlands
Key Offering: Canola Oil, Soybean Oil, Sunflower Oil

Viterra is a major global agricultural network, connecting producers to consumers with a focus on sustainable food, feed, and ingredient solutions. Its oilseed processing operations are a core component of its business, providing a vital link in the global supply of plant-based oils for food and industrial uses.

Sustainability and Innovation Initiatives:

• Commitment to responsible sourcing and supply chain transparency

• Strategic investments in logistics and processing infrastructure in key regions

• Focus on building long-term partnerships with farmers and customers

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🌍 Outlook: The Future of Plant-based Oils Is Sustainable and Diversified

The plant-based oils market is experiencing a significant transformation, moving beyond traditional culinary uses to become a critical input for biofuels, bioplastics, and specialized nutrition. While palm and soybean oils continue to dominate volume, consumer preferences, regulatory pressures, and technological advancements are driving a shift toward diversification and sustainability.

📈 Key Trends Shaping the Market:

• Rise of Biofuels: Increasing global mandates for biodiesel and renewable diesel are creating massive new demand streams for plant-based oils, particularly soybean, canola, and used cooking oil.

• Health and Wellness Focus: Consumer demand is shifting towards oils perceived as healthier, such as olive oil, avocado oil, and high-oleic varieties of sunflower and canola oil, due to their favorable fatty acid profiles.

• Sustainability Imperative: Intensifying scrutiny on deforestation, particularly linked to palm and soy, is forcing companies to invest heavily in certified sustainable supply chains and traceability technologies.

• Supply Chain Resilience: Geopolitical tensions and climate-related disruptions are prompting companies to diversify their sourcing regions and invest in more robust and flexible logistics networks.

The companies profiled above are central to navigating these complex dynamics. They are not just supplying a commodity; they are actively investing in the research, infrastructure, and sustainable practices needed to ensure the long-term viability and growth of the global plant-based oils industry. The future will be shaped by their ability to balance growing demand with the urgent need for environmental stewardship and social responsibility.

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Plant-based Oils Market – View in Detailed Research Report