Hydrogenated Vegetable Oil Market Size Worth USD 68.49 Billion by 2034 | CAGR: 7.0%

The global hydrogenated vegetable oil market is expected to reach USD 68.49 billion by 2034, according to a new study by Polaris Market Research. The report “Hydrogenated Vegetable Oil Market Size, Share, Trends, & Industry Analysis Report By Grade (Unfractionated, Fractionated, and Others), By End Use, By Region – Market Forecast, 2025–2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The hydrogenated vegetable oil industry centers around the production and use of vegetable oils that have been chemically modified through a process called hydrogenation. This process adds hydrogen atoms to the oil's molecular structure, transforming liquid oils into semi-solid or solid fats. This alteration enhances their stability, increases their shelf life, and modifies their textural properties, making them suitable for a wide range of applications in various industries.

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The overall hydrogenated vegetable oil market continues to experience increased demand, largely driven by its extensive end-use applications and evolving industry trends. Key market dynamics include persistent demand from the food and beverage sector, where these oils are valued for enhancing product consistency and extending freshness. Furthermore, the growing global movement toward renewable energy solutions is significantly boosting the use of hydrogenated vegetable oil as a renewable fuel. These factors collectively influence the ongoing development and expansion of the industry.

Report Highlights:

• By grade, the unfractionated segment held the largest share of approximately 45% in 2024 due to its extensive use in various food and personal care applications.
• By end use, the food & beverage segment is the primary consumer of hydrogenated vegetable oil, consistently holding the largest share of more than 50% in 2024.
• The Asia Pacific hydrogenated vegetable oil market held a dominant position globally in 2024, accounting for more than 35% of the market share. The regional market expansion is driven by the region's rapidly expanding food processing industry, coupled with increasing population and urbanization trends that fuel demand for convenience and packaged food products.
• A few key players in the industry include Archer Daniels Midland Company (ADM), Cargill, Bunge Loders Croklaan (Bunge Limited), Wilmar International, Louis Dreyfus Company, IOI Group, AAK, Musim Mas, Oleo-Fats Incorporated, Fuji Oil Holdings, and Mitsui & Co.

Polaris Market Research has segmented the hydrogenated vegetable oil market report on the basis of grade, end use, and region:

By Grade Outlook (Revenue – USD Billion, 2020–2034)

• Unfractionated
• Fractionated
• Others

By End Use Outlook (Revenue – USD Billion, 2020–2034)

• Food & Beverage
• Personal Care and Cosmetics
• Industrial
• Others

By Regional Outlook (Revenue – USD Billion, 2020–2034)

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Vietnam
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America