In 2023, Indonesia led global vegetable oil consumption per capita at 23.66 kg, followed by Mexico and Argentina at 22.75 kg and 20.35 kg, respectively. South Korea and the Philippines registered lower consumption levels, with 13.88 kg and 13.59 kg respectively. From 2019 to 2023, consumption showed moderate annual increases across these countries, reflecting broader dietary and economic trends. The Compound Annual Growth Rate (CAGR) over the last five years has been steady, suggesting ongoing demand influenced by culinary practices and population growth.
Future trends to watch include:
- Economic recovery and its impact on disposable income.
- Shift towards healthier and environmentally friendly oils.
- Influence of global trade policies and agricultural innovation.
- Emerging dietary trends impacting consumption patterns.
Top countries in Vegetable Oils Consumption Per Capita, Forecast 2019-2028 by Country
| # | 5 Countries | Kilograms Per Capita | Last Year | |
|---|---|---|---|---|
| 1 | 1 Indonesia | 23.66 | 2028 | View data |
| 2 | 2 Mexico | 22.75 | 2028 | View data |
| 3 | 3 Argentina | 20.35 | 2028 | View data |
| 4 | 4 South Korea | 13.88 | 2028 | View data |
| 5 | 5 Philippines | 13.59 | 2028 | View data |
