The Global Hydrogenated Oil Market was valued at USD 2.45 Billion in 2022 and is projected to reach USD 3.35 Billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period (2023–2029). This growth is fueled by rising demand in the food processing sector for stable fats, expanding applications in cosmetics and pharmaceuticals, and a shift toward sustainable sourcing practices amid health-conscious consumer trends.

As industries prioritize functionality, stability, and sustainability in lipid-based products, the spotlight turns to leading suppliers driving innovation in healthier formulations and eco-friendly processes. In this blog, we profile the Top 10 Companies in the Hydrogenated Oil Market—a blend of chemical giants, specialty fat producers, and innovators redefining applications in food, chemicals, and beyond.

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🔟 1. New Japan Chemical Co., Ltd.

Headquarters: Kyoto, Japan
Key Offering: Hydrogenated Vegetable Oils, Specialty Fats for Food and Cosmetics

New Japan Chemical is a pioneer in high-purity hydrogenated oils from vegetable sources like palm and soybean, enhancing texture and stability in baked goods, confectionery, and personal care products for global manufacturers.

Innovation Initiatives:

• Development of fully hydrogenated oils with zero trans fats for clean-label products
• Partnerships with food giants to optimize formulations for longer shelf life
• Investment in enzymatic hydrogenation to reduce energy consumption and environmental impact

Download FREE Sample Report: Hydrogenated Oil Market – View in Detailed Research Report

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9️⃣ 2. Hallstar

Headquarters: Chicago, Illinois, USA
Key Offering: Hydrogenated Castor Oil, Specialty Hydrogenated Lipids for Personal Care

Hallstar provides tailored hydrogenated oils for cosmetics and industrials, with hydrogenated castor oil key in lipsticks, creams, and lubricants, offering customized viscosity for diverse formulations across North America and Europe.

Innovation Initiatives:

• Launch of eco-friendly hydrogenated derivatives for sustainable cosmetics
• Collaborations with beauty brands to develop trans-fat-free emollients
• Certification programs for traceable, responsibly sourced raw materials

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8️⃣ 3. AAK AB

Headquarters: Malmö, Sweden
Key Offering: Hydrogenated Vegetable Fats, Cocoa Butter Equivalents

AAK AB leads in vegetable oils and fats, specializing in hydrogenated products for chocolate and bakery, supplying palm and shea-based oils with ideal melt profiles from facilities in Europe and Asia.

Innovation Initiatives:

• Expansion of RSPO-certified hydrogenated fats for ethical supply chains
• R&D in interesterified alternatives to traditional hydrogenation
• Global partnerships to tailor products for regional dietary preferences

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7️⃣ 4. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Hydrogenated Oils for Industrial and Nutritional Applications

BASF offers hydrogenated oils through its nutrition division, focusing on stable fatty acids from soybean and rapeseed for pharmaceuticals and functional foods, with a network in over 80 countries.

Innovation Initiatives:

• Advanced catalytic hydrogenation for high-purity, trans-free oils
• Integration of biotech for sustainable oil modification
• Collaborations with health organizations for fortified product development

Download FREE Sample Report: Hydrogenated Oil Market – View in Detailed Research Report

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6️⃣ 5. Frank B. Ross Co.

Headquarters: Hauppauge, New York, USA
Key Offering: Custom Hydrogenated Vegetable Oils, Industrial Lubricants

Frank B. Ross excels in custom hydrogenation, transforming oils into semi-solid forms for food, chemical, and plastics industries, using advanced reactors for precise control and serving diverse clients.

Innovation Initiatives:

• Custom partial hydrogenation for specific viscosity requirements
• Exploration of green chemistry in oil processing
• Supply chain optimizations for reduced waste and emissions

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5️⃣ 6. Evonik Industries AG

Headquarters: Essen, Germany
Key Offering: Hydrogenated Oils for Personal Care and Nutrition

Evonik provides hydrogenated oils as emollients in its TEGO® line for skincare and nutrition, combining hydrogenation with modifications for multifunctional ingredients distributed worldwide.

Innovation Initiatives:

• Biotech-enhanced hydrogenation for novel lipid structures
• Sustainable sourcing from certified agricultural partners
• R&D centers dedicated to low-impact processing technologies

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4️⃣ 7. Symrise AG

Headquarters: Holzminden, Germany
Key Offering: Hydrogenated Fats for Flavors and Fragrances

Symrise uses hydrogenated oils as bases for stable delivery in food and perfumery, ensuring long-lasting profiles with production across Europe, Asia, and the Americas.

Innovation Initiatives:

• Encapsulated hydrogenated oils for controlled release in foods
• Deforestation-free commitments across all oil sources
• Collaborative projects for natural flavor enhancers

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3️⃣ 8. Wilmar International Limited

Headquarters: Singapore
Key Offering: Hydrogenated Palm Oils, Edible Fats

Wilmar dominates agribusiness with hydrogenated palm oils for food like margarines and shortenings, as a top trader ensuring reliable supply from integrated operations.

Innovation Initiatives:

• RSPO-certified hydrogenated palm fractions for global brands
• Advanced refining to minimize impurities
• Expansion into non-food applications like biofuels

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2️⃣ 9. Cargill, Incorporated

Headquarters: Minnetonka, Minnesota, USA
Key Offering: Hydrogenated Soybean Oils, Functional Fats

Cargill produces hydrogenated oils for baking and frying using its soybean network, serving multinationals with high-temperature stability and innovations in crystallization.

Innovation Initiatives:

• High-stability hydrogenated oils for clean-label claims
• Regenerative farming partnerships for raw materials
• Digital tools for supply chain transparency

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1️⃣ 10. IOI Group Berhad

Headquarters: Johor Bahru, Malaysia
Key Offering: Hydrogenated Palm Kernel Oils, Specialty Fats

IOI Group produces hydrogenated oils from palm sources for confectionery and bakery, providing snap and creaminess with efficient facilities and vertical integration.

Innovation Initiatives:

• Sustainable hydrogenated fats compliant with global health standards
• Research into zero-trans alternatives using palm fractions
• Blockchain for traceability from farm to finished product

Read Full Report: Hydrogenated Oil Market – View in Detailed Research Report

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🌍 Outlook: The Future of Hydrogenated Oil Is Sustainable and Health-Focused

The hydrogenated oil market is evolving, balancing traditional stability with demands for healthier, eco-friendly options, investing in fully hydrogenated alternatives and sustainable sourcing.

📈 Key Trends Shaping the Market:

• Rapid adoption of trans-fat-free oils in response to health regulations
• Sustainable sourcing with certifications covering most palm oil by 2025
• Digitalization for supply chain traceability and efficiency
• Alliances between processors and brands for co-innovation

Read Full Report: Hydrogenated Oil Market – View in Detailed Research Report

The companies listed above are not only stabilizing global products—they’re spearheading the healthier, greener evolution of the hydrogenated oil industry.