Key Market Indicators
**U.S. Edible Oils Consumption Projected to Climb by 2028** The consumption of edible oils in the United States is expected to rise to approximately 6.7 million metric tons by 2028, up from 6.6 million metric tons in 2023. This represents an average annual growth rate of 0.2%. Since 2019, the demand for edible oils has seen a modest annual increase of 0.3%. **Production on the Rise** In parallel, the production of edible oils in the U.S. is forecasted to reach around 15.8 million metric tons by 2028, growing from 15.2 million metric tons in 2023. This marks an annual compound growth rate of 0.7%. Since 2019, the supply of edible oils has consistently risen by 0.7% each year. These figures highlight steady growth in both consumption and production of edible oils in the United States, reflecting ongoing trends in the industry.
