Overview of the Market
The market for hydrogenated vegetable oil was estimated to be worth USD 34.28 billion in 2023 and is projected to increase at a compound annual growth rate (CAGR) of 6.72% over the course of the forecast period, reaching USD 61.19 billion in 2032.

The market for hydrogenated vegetable oil is primarily defined by the demand for processed meals and health consciousness. Soybean and palm oils are the most often utilized raw materials for hydrogenation. Because it is stable and reasonably priced, palm oil is the most widely used. Due in significant part to rising consumption of bread and confectionery goods, the food industry continues to lead in the adoption of these end products.
The growing population, market expansion brought on by urbanization, and shifts in food consumption habits are some of the main factors influencing the market. The market for ready-to-cook and ready-to-eat meals has grown as a result of the population’s busy lifestyles and rising spending power.

Perspectives on Market Segments

  • The market for hydrogenated vegetable oil is further divided into cottonseed oil, rapeseed/canola oil, sunflower oil, palm oil, and soybean oil, according to the source.
  • The market is divided into three segments according on the type: interesterified oils, fully hydrogenated oils, and partially hydrogenated oils (PHOS).
  • The market for hydrogenated vegetable oil is separated into three segments based on their functions: thickening agent, texturizer, and stabilizer.
  • The market is divided into many segments based on the end user, including food and beverage, pharmaceutical, cosmetics and personal care, and residential/retail.
  • The market is divided into direct and indirect segments based on the distribution channel.


Regional Perspectives
North America, South America, Asia Pacific, Europe, and MEA make up the several regions that make up the market for hydrogenated vegetable oil. With a compound annual growth rate (CAGR) of 6.08% from 2024 to 2032, the North America area is projected to reach a valuation of USD 22.24 billion by 2032, up from USD 13.14 billion in 2023.

The market’s growth dynamics across various geographic regions may be better understood thanks to the market’s regional segmentation for hydrogenated vegetable oil. In 2023, North America accounted for a sizeable portion of the market, primarily due to rising demand from the food processing sector. Another important market is Europe, where strict laws encourage the use of hydrogenated vegetable oils in a variety of applications. Because of the growing population and increased demand for processed foods, the APAC region is expected to have significant growth throughout the forecast period. Manufacturers of hydrogenated vegetable oil may find growing prospects in emerging markets in South America and the Middle East and Africa.

Key Players
IOI Group, Godrej Industries, Cargill, Louis Dreyfus Company, Musim Mas Holdings, Bunge, Olam International, Sime Darby Plantation, AAK, PT Smart Tbk, Golden Agri Resources, Wilmar International, and Archer Daniels Midland Company are some of the major players in the hydrogenated vegetable oil market.