Top 10 Companies in Hydrotreated Vegetable Oil Market: Statistics Report Till 2035

Description

According to a research report published by Spherical Insights & Consulting, The Global Hydrotreated Vegetable Oil Market Size is projected to Grow from USD 34.75 Billion in 2024 to USD 75.65 Billion by 2035, at a CAGR of 7.33% during the forecast period 2025–2035. Its extensive use in processed foods like baked goods and snacks is driving up demand in the market. The use of hydrogenated vegetable oil as a sustainable biofuel is growing as a result of the global push for renewable energy sources. The is due to the growing demand for sustainable alternatives to fossil fuels and renewable energy sources, the global market for hydrogenated vegetable oil is expanding rapidly. Stricter environmental laws, government programs supporting biofuels, and the transportation industry's transition to low-emission fuels are all contributing factors to this growth.

 

Introduction

Producing and utilising vegetable oils that have undergone a process known as hydrogenation is known as Hydrogenated Vegetable Oil. By adding hydrogen atoms to the oil's unsaturated fatty acids, this process increases the oil's stability and solidity at room temperature. These oils are widely used in many different industries and have an impact on the texture, shelf life, and functional qualities of many products. HVO fuel is created by chemically altering HVO with a hydroprocessing catalyst that removes oxygen from the oil. The end product is a petroleum diesel-like substance that burns cleaner, emits no sulfur, has a high energy density, and can be burned in diesel engines without requiring any additional equipment modifications. Additionally, a shift in the fuels used in heavy-duty shipping and aviation is credited with the market's increased growth. The market prospects for HVO are improving due to advanced hydrogenation technologies and increased construction investment in renewable diesel power facilities. The growing interest from the automotive industry is another significant growth driver.  Among its benefits are lower greenhouse gas emissions, increased engine efficiency, and integration with the current fuel structure.

 

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Hydrotreated Vegetable Oil Market Size & Statistics

• The Market Size for Hydrotreated Vegetable Oil Was Estimated to be worth USD 34.75 Billion in 2024.
• The Market Size is Going to Expand at a CAGR of 7.33% between 2025 and 2035.
• The Global Hydrotreated Vegetable Oil Market Size is anticipated to reach USD 75.65 Billion by 2035.
• Asia Pacific is expected to generate the highest demand during the forecast period in The Hydrotreated Vegetable Oil Market.
• Europe is projected to grow the fastest during the forecast period in The Hydrotreated Vegetable Oil Market.

 

 

Regional growth and demand                                   

Europe is anticipated to grow at the fastest CAGR over the forecast period in the hydrotreated vegetable oil market. The market for hydrogenated vegetable oil in Europe is expanding rapidly owing to the Renewable Energy Directive (RED II), rigid EU decarbonization regulations, and rising biofuel use. The infrastructure for hydrogenated vegetable oil is being actively expanded by important nations like the UK, France, and Germany. Europe is firmly positioned as a global leader in the hydrogenated vegetable oil market thanks to its proactive approach to climate goals and strategic investments in renewable energy infrastructure.  It is anticipated that continued government assistance and technical developments will hasten its adoption in the industrial, energy, and transportation sectors.

 

Asia Pacific is estimated to grow at the highest share during the forecast period in the hydrotreated vegetable oil market. The regional thriving food processing sector, rising demand for renewable energy sources, and the plentiful supply of feedstocks like soybean and palm oils are all responsible for this.  Both domestic demands and export prospects are driving a boom in the production and consumption of nations like China, India, and ASEAN members. With governments enacting laws to lower carbon emissions and encourage the use of biofuels, the region's dedication to sustainable practices and renewable energy further drives the market.

 

Top 10 trends in the Hydrotreated Vegetable Oil Market

• Explosive Market Growth
• Transportation Sector Dominance
• Europe Leads, North America Accelerates
• Refinery Conversions Surge
• Feedstock Diversification
• Technology Advancements
• Carbon Intensity Tracking
• Blending Flexibility
• Strategic Partnerships and M&A
• Policy-Driven Demand

 

1. Transportation Sector Dominance

Because of its lower lifecycle emissions and drop-in compatibility with diesel engines, HVO is being used more and more in the road freight, aviation, and marine industries.

 

2. Refinery Conversions Surge

Oil majors and independents are converting traditional refineries into renewable diesel plants, boosting HVO output capacity globally.

 

3. Feedstock Diversification

In addition to vegetable oils, manufacturers are using animal fats, algae, and used cooking oil (UCO) to lower feedstock costs and raise sustainability indicators.

 

4. Technology Advancements

Co-processing and hydrotreating catalyst innovations are increasing yield, lowering hydrogen consumption, and making it possible to integrate with fossil fuel refining infrastructure.

 

5. Blending Flexibility

Fleet operators and fuel distributors find HVO appealing because of its chemical resemblance to fossil diesel, which permits high blend ratios or complete substitution.

 

Empower your strategic planning:

Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the hydrotreated vegetable oil market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.

Top 10 Companies Leading the Hydrotreated Vegetable Oil Market

1. AAK
2. Archer Daniels Midland Company (ADM)
3. Bunge Loders Croklaan (Bunge Limited)
4. Cargill
5. Fuji Oil Holdings
6. IOI Group
7. Louis Dreyfus Company
8. Mitsui & Co.
9. Musim Mas
10. Wilmar International

 

1. AAK

Headquarters: Malmö, Sweden

In order to enhance the texture, stability, and nutritional profiles of bakery creams, margarine, confectionery coatings, and cosmetics, AAK provides customised fat systems. The company specialises in creating hydrogenated vegetable oils, which are widely used as stable fat systems in a variety of applications due to their high oxidative stability and controlled crystallisation. AAK prioritises sustainability and innovation, developing non-hydrogenated substitutes and adhering to changing trans-fat regulations to meet the demands of environmentally conscious and health-conscious consumers. They are a major player in the hydrogenated vegetable oil market thanks to their extensive global reach and robust R&D capabilities.

2. Archer Daniels Midland Company (ADM)

Headquarters: Chicago, USA

From palm, soybean, sunflower, rapeseed, and other sources are the products list of ADM manufactures a variety of hydrogenated vegetable oils that are sold as speciality flakes. These oils offer stable fat systems that enhance texture, shelf life, and heat resistance, making them widely used in food and feed applications such as bakeries, confections, and personal care items. With a focus on non-GMO raw materials, sustainable sourcing, and regulatory compliance, ADM provides creative, tailored formulations that are intended to satisfy a wide range of global client demands. The company's vertically integrated supply chain and robust research and development capabilities enable it to consistently deliver high-quality hydrogenated oils.

3. Bunge Loders Croklaan (Bunge Limited)

Headquarters: Noord-Holland, Netherlands

A well-known supplier in the hydrogenated vegetable oil industry, Bunge Loders Croklaan is a division of Bunge Limited and focuses on speciality and commodity vegetable oils and fats made from palm, palm kernel, coconut, shea, sunflower, and rapeseed. To satisfy the various needs of the food, feed, and technical markets, the company provides a wide range of products, such as fully hydrogenated and fractionated oils that have undergone bleaching, deodorisation, and interesterification processes. As evidenced by its sustainable shea supply chain certified by the International Sustainability Carbon Certification (ISCC), Bunge Loders Croklaan places a strong emphasis on sustainability, traceability, and innovation.

4. Cargill

Headquarters: Minnesota, USA

The company prioritises sustainability, food safety, and reducing trans fats. It regularly makes investments in facility improvements and reformulates oils to reduce industrially produced trans fats (iTFAs), and it complies with WHO best practices and changing health regulations. Cargill continues to be a major supplier, satisfying the global demand for reliable and superior hydrogenated vegetable oils thanks to its vast global supply chain, sophisticated refining and packaging facilities, and continuous innovation.

5. Fuji Oil Holdings

Headquarters: Osaka, Japan

Serving food manufacturers in the confectionery, bakery, snack, and processed food industries, Fuji Oil Holdings is a world leader in speciality oils and fats, including hydrogenated vegetable oil. High-purity hydrogenated vegetable oils, including hydrogenated soybean, palm, and coconut oils, are produced by the company and are utilised in margarine, fillings, coatings, spreads, frozen desserts, and industrial baking because of their exceptional stability, shelf life, and textural performance. In order to meet trends like lower trans fat, better oxidative stability, and customised fat blends for processing requirements and taste, Fuji Oil continuously innovates fat systems using cutting-edge technologies like enzymatic inter-esterification and fractionation.

 

Are you ready to discover more about the hydrotreated vegetable oil market?

The report provides an in-depth analysis of the leading companies operating in the global hydrotreated vegetable oil market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:

Company Profiles

1. Blue Yonder

• Business Overview
• Company Snapshot
• Products Overview
• Company Market Share Analysis
• Company Coverage Portfolio
• Financial Analysis
• Recent Developments
• Merger and Acquisitions
• SWOT Analysis

 

1. AAK
2. Archer Daniels Midland Company (ADM)
3. Bunge Loders Croklaan (Bunge Limited)
4. Cargill
5. Fuji Oil Holdings
6. IOI Group
7. Louis Dreyfus Company
8. Mitsui & Co.
9. Musim Mas
10. Wilmar International
11. Others.

 

Conclusion

The Worldwide Hydrotreated Vegetable Oil (HVO) Market Size is anticipated to experience strong growth, with its value predicted to increase from USD 34.75 billion in 2024 to USD 75.65 billion by 2035, attaining a notable CAGR of 7.33%. This increase is primarily fueled by the combined need from the food sector for consistent fat systems and, more importantly, the transportation industry's movement towards sustainable biofuels such as renewable diesel, hastened by tougher global decarbonization regulations and government backing. Major trends involve the transformation of conventional refineries, diversification of raw materials (such as Used Cooking Oil and animal fats), and innovative hydrotreating technologies. Although Asia-Pacific is expected to see the highest demand thanks to its robust food processing sector and ample feedstock, Europe is anticipated to experience the fastest growth, driven by ambitious climate objectives and regulations such as the Renewable Energy Directive (RED II). Major agricultural commodity and speciality fat companies, such as AAK, Archer Daniels Midland (ADM), Bunge, and Cargill, dominate the market by utilising their integrated supply chains to satisfy both food and fuel needs.

 

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