Global High Oleic Oil Market Report and Forecast 2024-2032

Global High Oleic Oil Market Outlook

The global high oleic oil market size was USD 5,998.6 million in 2023. The market is projected to grow at a CAGR of 6.5% between 2024 and 2032 to reach USD 6,763.8 million by 2032.

Key Takeaways

• High oleic oils are recognised by the U.S. Food and Drug Administration for their beneficial support of cardiovascular health.

• The rising trend of clean and natural products is increasing the adoption of high oleic oils.

• There is a growing inclination towards sunflower oil with a high oleic acid content, in the range between 70%-75% to 90%.

High-oleic oil is characterised by exceptional oxidative stability, longer shelf life, and the ability to withstand higher temperatures ideal for frying applications.

High oleic vegetable oils have a high percentage of monounsaturated fats and add no trans fats to products. The high quality of monosaturated fats lowers LDL cholesterol reducing the risk of heart disease, attacks, and strokes, proving to be an ideal replacement for trans fatty acids. The high oleic oil market growth is supported by diverse applications of the product in various end use sectors.

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Key Trends and Developments

Rising demand for healthier oils; presence of regulations limiting the use of fatty acids; rising preference for non-GMO HO oils; and the rising adoption as an alternative to other forms are the key factors impacting the high oleic oil market growth

Apr 14, 2023

Australian-owned Plenty Foods announced the launch of a super high oleic safflower oil with superior cooking qualities and health credentials.

May 2, 2022

Scoular, an international agribusiness, introduced SOYLEIC® soybeans to its diversified solutions for supply chains to expand its portfolio and serve end users. SOYLEIC® soybeans are non-GMO high oleic soybean trait designed in partnership with several organisations and researchers.

Growing demand for healthier oils

The demand for better quality and healthier oils is increasing the consumption of HO oils as they are rich in oleic acids and low in saturated fats that help in maintaining cardiovascular health. Their desirable fatty acid composition provides higher oxidative and thermal stability and a healthier nutritional profile.

Regulations limiting the intake of trans fatty acids

The drastic consequences of trans fats, such as cardiovascular diseases, have necessitated governments across the globe to develop and implement policies and regulations aimed at limiting the presence and consumption of trans fatty acids in foods to improve the health of their citizens.

Consumption of non-GMO HO oils is rising

As people are becoming conscious of the food they consume, they desire environmentally sustainable and healthy foods. This is increasing the consumption of high oleic non-GMO sunflower, soybean, and safflower oils.

HO sunflower oil is an affordable alternative to extra virgin olive oil

High oleic sunflower oil is nutritionally rich and an affordable alternative to extra virgin olive oil. HO sunflower oil is around 3 times cheaper than extra virgin olive oil.

Global High Oleic Oil Market Trends

Around 44% of the US population consider high oleic acid as a healthy way to reduce heart diseases. As per the FDA, daily consumption of around 1 and a half tablespoons of high oleic acid oils, when substituted for fats and oils higher in saturated fat, may minimise the risk of heart diseases. The growing risk of heart disease is likely to propel consumers to shift to healthier food options.

The use of high oleic soybean oil is witnessing a surge in the industrial sector. The market is witnessing a growing trend of high oleic soybean oil being used as an alternative to petroleum in motor oil, tires, asphalt and other products.

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Market Segmentation

“Global High Oleic Oil Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Oil Type

• Sunflower Oil

• Canola/Rapeseed Oil

• Soybean Oil

• Safflower Oil

• Others

Market Breakup by Source

• Non-GM/Conventional

• GM

• Organic Certified

Market Breakup by Application

• Food Processing

• Biofuel

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Based on oil type, sunflower oil dominates the high oleic oil market share

High oleic sunflower oil has at least 80% oleic acid against the 20% present in traditional sunflower oil. It has a neutral taste and good stability, meaning it has a lower rate of oxidation, making a great alternative for frying or for application in packaged products.

The growing demand for omega-3 fatty acids is prompting breeders to produce a new omega-3-rich high oleic canola oil that comprises docosahexaenoic acid (DHA). DHA is shown to be important for brain development and function.

There are super high oleic safflower oils produced which are a renewable and biodegradable substitute to petroleum-based raw materials and find application in bio-lubricants, biochemical, and bioplastics sectors.

The food processing sector is a significant contributor to the global high oleic oil market revenue

The consumption of high oleic oil lowers LDL cholesterol without reducing HDL cholesterol levels, thereby resulting in reduced risks of cardiovascular diseases and strokes. Thus, the heightened health consciousness among the global population is catering to a growing demand for food that includes high oleic oil in the ingredients.

The increasing production of biodiesel using high oleic oil, such as soy and canola, is due to the escalating eco-consciousness and the growing use of biodiesel as an alternative, non-toxic and biodegradable fuel that can also be blended with petroleum. Government policies, rising transport fuel demand, and spiking crude oil costs are factors influencing the demand for biodiesel.

Competitive Landscape

The companies in the high oleic oil market are focusing on offering high-quality products that offer superior performance in food applications.

Archer Daniels Midland Company

Headquartered in the US, it is one of the largest nutrition companies offering both human and animal nutrition products. It offers a wide range of solutions and services for livestock, aquaculture, and pets.

Cargill, Incorporated

Cargill, Incorporated is a global food company based in the United States. It is engaged in agriculture, finance, and industrial products business globally.

Marbacher Ölmühle GmbH

Established in 1899, Marbacher Ölmühle GmbH is primarily engaged in manufacturing and refining of high-quality vegetable oils.

Adams Group

Headquartered in the US, Adams Group conducts its business through companies such as Adams Grain, Adams Vegetable Oils Inc, Adams Trucking and Adams Seed.

Colorado Mills LLC

Colorado Mills, based in the US, offers sunflower products such as heart-healthy oil and use the byproducts in its feed and grain.

Manufacturers are upgrading their product portfolios and incorporating the latest capabilities to innovate their offerings and meet the evolving demands of consumers.

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Global High Oleic Oil Market Analysis by Region

Countries such as Germany and France are amongst the key producers of sunflower seeds and the demand for high oleic sunflower oil from hybrid sunflower seeds is rising in the European market.

Rapeseed oil is commonly used as a feedstock for biodiesel production in EU as it mixes well even at a lower temperature when compared to other feedstocks and is a more suitable fuel for colder regions.

To meet the demand for high oleic oils, Asia Pacific highly depends on oil imported from Argentina, North America, and regions in the European Union, among others.  High oleic soy oil is preferred for industrial use, to substitute partially hydrogenated vegetable oils and to produce processed foods such as snacks. Moreover, manufacturers in the region have developed organic high-quality sunflower oleic oil that lowers bad cholesterol level.

In North America, the demand for high oleic variety of canola has seen a robust demand in Canada. With the rising mandate for biodiesel, the demand for palm oil has been diverted in its application from leading oil producers such as Malaysia and Indonesia.

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