South Korea Edible Oils and Fats Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Oil and Fats), By Application (Food & Beverages, Chocolate & Confectionery, Animal Feed, Pharmaceuticals, and Others), and South Korea Edible Oils and Fats Market Insights, Industry Trend, Forecasts To 2035

South Korea Edible Oils and Fats Market Insights Forecasts to 2035

• The South Korea Edible Oils and Fats Market Size was Estimated at USD 15445.7 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 7.19% from 2025 to 2035
• The South Korea Edible Oils and Fats Market Size is Expected to Reach USD 33150.7 Million by 2035

According to a research report published by Spherical Insights & Consulting, The South Korea Edible Oils and Fats Market Size is anticipated to reach USD 33150.7 Million by 2035, growing at a CAGR of 7.19% from 2025 to 2035. The market is driven by increasing health awareness and demand for plant-based, minimally processed cooking oils. Growth in the foodservice sector and changing dietary habits also fuel higher consumption of edible oils and fats.

Market Overview

South Korea's edible oils and fats market is growing steadily because of consumers' rising awareness of health and nutrition, as well as the diversity of foods. Mainstream is characterized by edible oils like soybean, palm, and canola and is widely used in home-cooked meals, foodservice, and packaged meals. Sesame and perilla are also firm culturally and are consumed regularly in Korean cuisine. The sector is fueled by increasing demand for healthier, cold-pressed, and vegetable oils such as olive and avocado oil, the impact of health trends. Food processing industries have expanded, while consumption of fried foods and convenience foods is increasing. Imports are high since local oilseed production is low. Nevertheless, world price volatility and increased food safety demands have a negative impact on the industry. Overall, premium oil product innovation, cleaner labels, and functional health benefits will be the front runners of future market growth in South Korea.

Report Coverage

This research report categorizes the market for the South Korea edible oils and fats 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 oils and fats 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 oils and fats market.

Driving Factors

South Korea's edible oils and fats market is driven by growing consumer health awareness and the enhanced penetration of vegetable foods. Consumers are tending to move towards healthier alternative oils like olive, avocado, and perilla oils that are thought to provide functional health benefits. Growth in foodservice, particularly quick-service restaurants and ready-to-eat foods, also propels demand. In addition, the rise of Western and fusion cuisine and the home-cooking revolution contribute to increased oil consumption in the country.

Restraining Factors

The South Korean edible oils and fats market faces restraints due to over-dependence on imports, making the market vulnerable to price fluctuation at the global level and supply chain disruptions. Regulated rules for food safety and labeling also complicate operations. The trend of growing health concerns against saturated and trans fats also leads to consumers reducing consumption of some traditional oils, impacting overall market forces.

Market Segmentation

The South Korea Edible Oils and Fats Market share is classified into product type and application.

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

The South Korea edible oils and fats market is segmented by product type into oil and fats. Among these, the oil segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is attributed to strong demand for domestic cooking, foodservice, and food processing applications. Oils such as soybean, canola, olive, and sesame are used extensively because of their health advantage, versatility, and application across all cuisines.

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

The South Korea edible oils and fats market is segmented by application into food & beverages, chocolate & confectionery, animal feed, pharmaceuticals, and others. Among these, the food and beverages segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period. This is because edible oils and fats are an important ingredient in flavoring, frying, baking, and cooking. Healthy cooking trends and convenience foods are on the rise, emphasizing the expansion of this industry.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea edible oils and fats 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

• Cargill Inc.
• Bunge Limited
• Archer Daniels Midland
• POSCO Holdings Inc.
• CHS Korea, LLC
• Jinyuone Co., Ltd.
• Dong Suh Oil and Fats Co., Ltd.
• CJ CheilJedang Corp.
• 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 oils and fats market based on the below-mentioned segments:

South Korea Edible Oils and Fats Market, By Product Type

• Oil
• Fats

South Korea Edible Oils and Fats Market, By Application

• Food & Beverages
• Chocolate & Confectionery
• Animal feed
• Pharmaceuticals
• Others