The rising demand for edible oils and fats is driven by several interconnected factors that span both culinary and industrial applications. One primary driver is the global population growth and the corresponding increase in food consumption, particularly in emerging economies. As more people enter the middle class and adopt Westernized diets, there is a higher demand for processed and convenience foods that often rely on edible oils and fats as key ingredients. This trend is further exacerbated by urbanization, which leads to a shift away from traditional cooking practices towards more convenient and time-saving options, such as pre-packaged and ready-to-eat meals that contain edible oils and fats.

Moreover, the growing awareness of health and nutrition is influencing the demand for specific types of edible oils and fats. Consumers are increasingly seeking out oils and fats that are perceived as healthier alternatives to traditional options like palm oil or hydrogenated fats. This has led to a surge in demand for oils high in monounsaturated and polyunsaturated fats, such as olive oil, avocado oil, and canola oil, which are touted for their beneficial effects on heart health. Additionally, there is a growing interest in specialty oils and fats, such as coconut oil and ghee, which are promoted for their unique flavors and potential health benefits in various culinary traditions.

Furthermore, the industrial sector plays a significant role in driving the demand for edible oils and fats. These ingredients are not only used in food production but also in various non-food applications such as cosmetics, pharmaceuticals, and biofuels. As industries continue to expand and diversify, so does the demand for edible oils and fats as raw materials for manufacturing processes. This multifaceted demand across different sectors contributes to the overall growth and rising prominence of the edible oils and fats market on a global scale.