Top 10 Largest Edible Oil Refineries in the World

Edible oils are a things which are safe to consume. We use it on a daily basis. For example, olive oil, sunflower oil, corn oil, or palm oil are mostly used while making foods, or frying. These edible oils adds flavour, texture, and nutritional value to our meals

The demand for edible oil is continuously increasing. Hence the edible oil industry is growing rapidly year by year.

The top edible oil refinery plant manufacturers use healthier and more environmentally friendly products. This is because today's people are much more health conscious with what they consume. And by addressing their needs these companies are leaving footprints in the edible oil market.

As per research, the global edible oil market is set to grow at a CAGR of 7.2% in the years between 2021 and 2027. Majority of these drives are due to trends set by urban culture and people are becoming more ‘health’ conscious.

Edible oil refineries refine oils from plants and animal sources, as well as from microbes and make the oil safe for consumption. These refineries are not only used for cooking oil but are also required in industries such as baking and personal products manufacturing.

In this article, we will look at 10 of the largest edible oil refineries in the world. But first let's learn about some global stats of edible oil.

• As per fortune business insights, the edible oil market is expected to reach $281.72 billion by 2028, growing at 4.67% from 2021 to 2028 .
• The edible oil market is expected to grow by 6.4% per year between 2024 and 2029. By 2029, the market is expected to sell about 29.22 billion kilograms of edible oils.
• The market has seen a rise in recent years. Revenue will increase from $117.10 billion in 2022 to $126 billion in 2024. By 2028, revenues are expected to reach $171.80 billion.
• According to IMARC Group, vegetable oil is expected to grow to $401.6 billion by 2032, with a 4.5% growth rate. It was worth $268.2 billion in 2023.

As per research, India and China are leading in the edible oil market. India currently holds the second largest consumption of edible oils and its consumption is expected to remain stable.

Hence, the markets are booming and technology is making production better for nature. So, the edible oil industry has a bright future ahead!

Top 10 Largest Edible Oil Refineries in the World

Wilmar International Ltd

Wilmar International Ltd. is an international agribusiness company and now among the largest edible oil refineries. They have a manufacturing facility of over 1000 and have their presence into 50+ countries with a strong distribution channel. This company operates in every aspect of agriculture; from growing oil palms, processing edible oil, crushing oil seeds for consumer products.

Its main edible oil products are palm oil, soybean, and sunflower oil refining. Wilmar makes sure that their edible oil is sourced from sustainable sources and the whole process of refining the oil is environmental friendly. This has made wilmar a top leader in the global edible oils market

Cargill Incorporated

Cargill Incorporated is a global leader in the edible oil industry, with operations in over 70 countries. They run a large network for processing and refining, which shows their strong position in the market

Year 2021: Cargill invested $35M for expansion of refinery in Nellore of India in order to expand the capacity of refinery. The food chain industry, agricultural business, and manufacturing of bio fuels are some of the areas where the company has its business. They are dedicated to being sustainable and innovative which helps them to produce high-quality edible oil products while minimising their impact on the planet.

Bunge Ltd

Bunge is one of the most significant agribusiness player in trading and processing oilseeds like soybeans into vegetable oil. They operate in over 40 countries. They work on new food ideas. Bunge's edible oil are count as one of the best all over the world because of their high-quality products, which they supplies to food manufacturers all over the world.

They are dedicated to being sustainable and innovative in food production. In India, for example, Bunge brought back Hudson Canola oil in 2020. This oil is enriched with Vitamin E and omega-3 to meet the rising demand for healthier oils.

Archer Daniels Midland Company (ADM)

The Archer Daniels Midland Company (ADM) is one of the leading food and beverage companies in the world. They count as one of the largest edible oil producers. Their production includes soybean oil, canola oil, sunflower oil, and so more others.

Their business run in more than 200 countries. They also own 62 research and development centres. ADM handles the entire value chain in agriculture, from the production of vegetable oils and protein meals to biodiesel.

In 2021, ADM increased the edible oil production by 50℅ by teaminup with Edible Oils Ltd. They work very hard to provide high standards for edible oils. Also, they take care about sustainability, health, and well-being, making sure they provide clean and nutritious products.

Olam International

Olam International run food and agribusiness worldwide. Their edible oil refining process is high-quality and sustainable. They supply their products to many markets worldwide.

Olam aims at being sustainable, sourcing materials ethically, and innovating. It focuses on improving farmers' lives, hence protection of the environment. Its technological use has allowed them to produce oil with efficiency and has made it a big name in the global edible oil market.

Fuji Oil Co., Ltd.

Fuji Oil Co., Ltd. process oils and fats for many food products like snacks and sweets.

They never compromise with food safety, quality, and technological innovation. In 2021, they opened their first research centre in Europe to expand their products and lead new developments in the global oil market.

They use USSS (Ultrasonic Scrubbing Solvent Separation) manufacturing method for soybeans. This method is well-known for its efficiency in oil refining processes.

Conagra Brands Inc.

Conagra is a big name in the packaged food industry. They are renowned because of their strong presence in the edible oil market. They are dedicated to sourcing ingredients responsibly, making sure their raw materials for edible oils are sustainably obtained. They are particularly known for managing deforestation risks associated with palm oil. This has earned them high marks in sustainability rankings for 2020.

They use modern technologies and methods in the production of edible oils to enhance efficiency and product quality.

CJ CheilJedang

CJ CheilJedang always put their efforts on innovation and consumer-oriented management. They refine and process edible oils like soybean, canola, and palm oil. They make sure to meet high global standards. Hence, they use advanced Green BIOtechnology to keep their operations eco-friendly. Their skill in refining and dedication to sustainability have made them a key player in the edible oil market.

Associated British Foods

Associated British Foods (ABF) is an international company and focuses on sustainability in its sourcing practices. They make sure that their raw products comes from certified and responsible sources.

They are committed to stopping deforestation from its soy and palm oil supply chains by 2025. This shows their strong focus on sustainability.

They have a vast distribution network to supply their products to retail and industrial customers worldwide. So, with a broad distribution network and a strong range of brands, ABF is a top player in the edible oil industry.

Marico

Marico Limited is a prominent multinational consumer goods company from India dealing with multiple segments such as edible oils, beauty and wellness products, health foods etc. They have seven factories in India and operate in more than 25 countries across Asia and Africa.

To refining high-quality edible oils, they have advanced refining facilities that are energy efficient, waste reducing, and environmentally friendly during the refining processes.

Owing to their honesty and dedication towards sustainability, the company has gained popularity for customer satisfaction through innovation.

Conclusion

The above-mentioned refineries around the world are at the forefront of supplying healthier fortified cooking oils. As consumer preferences are changing towards healthier and eco-friendly options, these oil refineries contribute immensely to improving the quality and availability of cooking oils. Their innovations and sustainability measures will support nutritional goals around the world and thus guarantee a better tomorrow.

If you are planning to enter in this growing industry, then you must choose the right edible oil plant manufacturer for top-quality production and sustainable practices. NandT Engitech provide best-quality manufacturing solutions for high-grade sustainable oil manufacturing. Our team of skilled plant designers, technicians and plant executives are dedicated to streamline your manufacturing operations with reliable industrial plants and machinery.