South Korea Edible Oil Co-product and By-Product Market Size, Share, and COVID-19 Impact Analysis, By Source (Soybean, Palm, Sunflower, and Rapeseed), Application (Food Industry, Cosmetics Industry, Biofuels, and Animal Feed), and South Korea Edible Oil Co-product and By-Product Market Insights, Industry Trend, Forecasts to 2035

South Korea Edible Oil Co-product and By-Product Market Insights Forecasts to 2035

• The South Korea Edible Oil Co-product and By-Product Market Size is Expected to Grow at a CAGR of around 5.3% from 2025 to 2035
• The South Korea Edible Oil Co-product and By-Product Market Size is Expected to Hold a Significant Share by 2035

According to a Research Report Published by Spherical Insights & Consulting, The South Korea Edible Oil Co-product and By-Product Market Size is anticipated to Grow at a CAGR of 5.3% from 2025 to 2035. The market is driven by increasing edible oil consumption, expansion in animal feed and biodiesel demand, and the growing focus on sustainable by-product utilization in industrial and cosmetic applications. Used cooking oil and oilseed press cakes from soybean, palm, sunflower, and rapeseed sources are major contributors to market value.

Market Overview

South Korea Edible Oil Co-Product and By-Product Market Size is exhibiting strong growth due to heightened import volumes of edible oils and subsequent increase in their derivative by-products. These comprise oilseed meals, press cakes, and used cooking oil that is produced during the oil extraction and post-consumer processes. Soybean, rapeseed, and sunflower press cakes are utilized on a large scale for animal feed and organic manures, while spent cooking oil is utilized on a large scale as biofuel and industrial lubricants. More awareness about sustainability, recycling, and government initiatives in blending biofuel are stimulating demand for oil by-products in every industry. Though based on imported raw material dependence, technology development and diversification of the industry are destined to develop long-term market stability.

Report Coverage

This research report categorizes the market for the South Korea edible oil co-product and by-product market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea edible oil co-product and by-product market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea edible oil co-product and by-product market.

Driving Factors

South Korea edible oil by-product and co-product market is led by surging edible oil demand and rising processing of soybean, palm, sunflower, and rapeseed oilseeds. The processes yield high-value co-products including oilseed meals and used cooking oil, which are in greater demand in various animal feed, biofuel, and cosmetics markets. Government promotion of biodiesel blending, sustainability targets, and recycling activities are also fostering market growth. Apart from that, the expanding food and personal care markets are utilizing these by-products for economic, eco-friendly ends.

Restraining Factors

It is also challenged by reliance on foreign edible oils and oilseeds, which exposes it to price volatility on the global stage. Additionally, spent oil recycling into industrial or fuel-grade product of uniform quality involves costly infrastructure and quality control measures. Environmental limitations to food and fuel-grade recirculation, and logistical inefficiencies in by-product gathering and storage, also affect investment and scalability.

Market Segmentation

The South Korea Edible Oil Co-product and By-Product Market share is classified into source and application.

• The soybean segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea edible oil co-product and by-product market is segmented by source into soybean, palm, sunflower, and rapeseed. Among these, the soybean segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. Production of soybean oil produces value-added by-products like soybean meal and used oil, which are widely used by the livestock sector and biofuels.

• The animal feed segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea Edible Oil Co-product and By-Product Market is segmented by application into food industry, cosmetics industry, biofuels, and animal feed. Among these, the animal feed segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is attributed to extensive application of oilseed meals and cakes as low-cost protein substitutes. The biofuel sector is also expanding at high speeds as a result of the increased application of waste cooking oil in the production of biodiesel under national sustainability goals.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea edible oil co-product and by-product market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Wilmar International
• Cargill
• Liangyou Group
• Lu-Hua
• Jiusan Group
• Hopefull Grain & Oil Group
• Xiamen Zhongsheng
• SanXing Group
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea edible oil co-product and by-product market based on the below-mentioned segments:

South Korea Edible Oil Co-product and By-Product Market, By Source

• Soybean
• Palm
• Sunflower
• Rapeseed

South Korea Edible Oil Co-product and By-Product Market, By Application

• Food Industry
• Cosmetics Industry
• Biofuels