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In 2025/26, vegetable oil production was forecast to reach some million metric tons worldwide. This was an increase from *million metric tons in the previous year and under *** million metric tons in the beginning of the 2000s.

Vegetable oil production

Vegetable oils are fats that have been extracted from plants. The extraction of oils from plants has been a common practice in several cultures since early times. Recently, excavators found evidence of olive oil production in Israel and dated it back 8,000 years ago. Vegetable oil is used for cooking, as pet food additives, as fuel, and as an ingredient for soaps, candles, perfumes, and other personal care products. 

Over the last several years, the global production of vegetable oils has experienced constant growth. 
Palm oil was the leading vegetable oil category in terms of production volume and consumption. In 2021/2022, worldwide palm oil production yielded roughly **** million metric tons. According to FAOSTAT, Asia accounted for around ** percent of the global production of palm oil in 2013. Indonesia and Malaysia were the top palm oil producers that year, followed by Thailand, Nigeria and Colombia. As of 2021, Sime Darby Bhd and IOI were tied as the number top palm oil companies in the world, based on a market capitalization of *** billion U.S. dollars.