Industry Statistics and Trends
Market size and recent performance (2015-2030)
Industry revenue has grown at a CAGR of 4.9 % over the past five years, to reach an estimated $4.2bn in 2025.
Trends and Insights
Olive oil has soared in popularity
- Over the past five years, extra virgin and virgin olive oil have played a significant role in driving unrefined cooking oil’s growth in revenue share.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2025-2030)
Market size is projected to grow over the next five years.
Trends and Insights
Supermarkets are shifting to private-label ranges, which will decrease manufacturers' profit margins
- Industry manufacturers will face increasing pressure from supermarkets' private-label brands over the coming years. Major supermarkets like Woolworths and Coles will expand their range of private-label products to capitalise on shifting consumer demand for premium and healthier products like avocado oil or nut oils. Coles, for instance, has already expanded its range to include more premium products like extra virgin olive oil and sesame oil.
Biggest companies in the Cooking Oil and Margarine Manufacturing in Australia
| Company | Market Share (%)
2026 | Revenue ($m)
2026 |
|---|---|---|
GrainCorp | 937.3 | |
Cargill | 447.7 | |
Riverina Oils | 243.8 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Refined cooking oil, Margarine and other products and Unrefined cooking oil . Refined cooking oil is the largest segment of the Cooking Oil and Margarine Manufacturing in Australia.
Trends and Insights
Refined cooking oil remains a staple among consumers
- This segment includes cooking oils that have been processed by refining crude plant oils. Key products in this segment include canola, sunflower and soybean oil.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Industry companies manufacture a range of refined and unrefined cooking oils, such as olive, avocado, coconut and canola oils. Companies also produce margarine, lard and several other products using vegetable and animal oils and fats.
What's included in this industry?
Products and services covered in the Cooking Oil and Margarine Manufacturing industry in Australia include Refined cooking oil, Unrefined cooking oil and Margarine.Companies
Companies covered in the Cooking Oil and Margarine Manufacturing industry in Australia include GrainCorp, Cargill and Riverina Oils.Purchase this report to view all 5 major companies in this industry.
Related Terms
Related terms covered in the Cooking Oil and Margarine Manufacturing industry in Australia include hydrogenation, cold pressing and biofuel.Industry Code
ANZSIC 1150 - Cooking Oil and Margarine Manufacturing in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Growing health consciousness has caused olive oil’s popularity to surge. With a higher pricepoint, this trend has supported industry revenue over the past five years.
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2015-2024) and forecast (2025-2030)
- Employees, including historical (2015-2024) and forecast (2025-2030)
- Businesses, including historical (2015-2024) and forecast (2025-2030)
- Profit, including historical (2015-2025)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Margarine is falling out of favour and alternatives are taking its place. Margarine was once perceived as a healthy alternative, yet is now considered processed and generic. ...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2025
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2025
- Major market segmentation in 2025
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Proximity to supply is a key factor influencing manufacturers’ location. Oilseed growers are limited to specific areas around Australia based on climate, which affects the lo...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2025
Tables
- Number and share of establishments in each region in 2025
- Number and share of revenue each region accounts for in 2025
- Number and share of wages each region accounts for in 2025
- Number and share of employees in each region in 2025
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Lofty start-up costs and elevated capital intensity mean barriers to entry remain moderate. Potential entrants face significant start-up costs to purchase the required machin...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2020-2025
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
GrainCorp is planning to manufacture sustainable aviation fuel from canola oil. This venture would support market diversification for the firm.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2021 through 2025
- Major companies in the industry, including market share, revenue, profit and profit margin in 2025
- Overview of GrainCorp's performance by revenue, market share and profit margin from 2019 through 2025
- Overview of Cargill's performance by revenue, market share and profit margin from 2019 through 2025
- Overview of Riverina Oils's performance by revenue, market share and profit margin from 2019 through 2025
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for GrainCorp, and factors influencing its performance in the industry
- Description and key data for Cargill, and factors influencing its performance in the industry
- Description and key data for Riverina Oils, and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Demand from supermarkets and grocery stores is on the rise. As consumer preferences shift, manufacturers that produce healthier products will be best placed to capitalise on ...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2015-2030)
- Assistance historical data and forecast (2015-2030)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profitability remains under pressure amid an increasingly competitive landscape. Mounting imports and private-label expansion have driven many manufacturers to lower prices t...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2015-2030)
- Revenue per Employee (2015-2030)
- Revenue per Enterprise (2015-2030)
- Employees per Establishment (2015-2030)
- Employees per Enterprise (2015-2030)
- Average Wage (2015-2030)
- Wages/Revenue (2015-2030)
- Establishments per Enterprise (2015-2030)
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Cooking Oil and Margarine Manufacturing industry in Australia in 2025?
The market size of the Cooking Oil and Margarine Manufacturing industry in Australia is $4.2bn in 2025.
How many businesses are there in the Cooking Oil and Margarine Manufacturing industry in Australia in 2025?
There are 117 businesses in the Cooking Oil and Margarine Manufacturing industry in Australia, which has declined at a CAGR of 4.6 % between 2020 and 2025.
How may import tariffs affect the Cooking Oil and Margarine Manufacturing industry in Australia?
The Cooking Oil and Margarine Manufacturing industry in Australia is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Cooking Oil and Margarine Manufacturing industry in Australia?
The Cooking Oil and Margarine Manufacturing industry in Australia is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Cooking Oil and Margarine Manufacturing industry in Australia grown or declined over the past 5 years?
The market size of the Cooking Oil and Margarine Manufacturing industry in Australia has been growing at a CAGR of 4.9 % between 2020 and 2025.
What is the forecast growth of the Cooking Oil and Margarine Manufacturing industry in Australia over the next 5 years?
Over the next five years, the Cooking Oil and Margarine Manufacturing industry in Australia is expected to grow.
What are the biggest companies in the Cooking Oil and Margarine Manufacturing industry in Australia?
The biggest companies operating in the Cooking Oil and Margarine Manufacturing industry in Australia are GrainCorp, Cargill and Riverina Oils
What does the Cooking Oil and Margarine Manufacturing industry in Australia include?
Refined cooking oil and Unrefined cooking oil are part of the Cooking Oil and Margarine Manufacturing industry in Australia.
Which companies have the highest market share in the Cooking Oil and Margarine Manufacturing industry in Australia?
The company holding the most market share in the Cooking Oil and Margarine Manufacturing industry in Australia is GrainCorp.
How competitive is the Cooking Oil and Margarine Manufacturing industry in Australia?
The level of competition is high and steady in the Cooking Oil and Margarine Manufacturing industry in Australia.
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
