South Korea Specialty Fats & Oils Market Size & Outlook
The specialty fats & oils market in South Korea is expected to reach a projected revenue of US$ 657.8 million by 2030. A compound annual growth rate of 8.9% is expected of South Korea specialty fats & oils market from 2025 to 2030.
Revenue, 2024 (US$M)
$387.7
Forecast, 2030 (US$M)
$657.8
CAGR, 2025 - 2030
8.9%
Report Coverage
South Korea
Related Markets
South Korea specialty fats & oils market highlights
- The South Korea specialty fats & oils market generated a revenue of USD 387.7 million in 2024 and is expected to reach USD 657.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.9% from 2025 to 2030.
- In terms of segment, specialty oils was the largest revenue generating type in 2024.
- Specialty Fats is the most lucrative type segment registering the fastest growth during the forecast period.
Specialty fats & oils market data book summary
| Market revenue in 2024 | USD 387.7 million |
| Market revenue in 2030 | USD 657.8 million |
| Growth rate | 8.9% (CAGR from 2025 to 2030) |
| Largest segment | Specialty oils |
| Fastest growing segment | Specialty Fats |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Specialty Oils, Specialty Fats |
| Key market players worldwide | Wilmar International Ltd, Golden Agri-Resources Ltd, Kuala Lumpur Kepong Bhd, Sime Darby Plantation, Cargill, IOI Corp Bhd, Bunge Global SA, Liberty Oil Mills, Henry Lamotte Oils GmbH, Savola Group |
Other key industry trends
- In terms of revenue, South Korea accounted for 2.5% of the global specialty fats & oils market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China specialty fats & oils market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,076.1 million by 2030.
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Specialty Fats & Oils Market Scope
Specialty fats & oils market segmentation & scope
Specialty Fats & Oils Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Savola Group | View profile | 10001+ | Jeddah, Makkah, Saudi Arabia, Asia | https://www.savola.com |
| Henry Lamotte Oils GmbH | View profile | 101-250 | Brêmes, Nord-Pas-de-Calais, France, Europe | http://www.lamotte-oils.de/ |
| Liberty Oil Mills | View profile | 101-250 | Mumbai, Maharashtra, India, Asia | https://www.libertyoilmills.com |
| Sime Darby Plantation | View profile | 11-50 | Petaling Jaya, Selangor, Malaysia, Asia | http://www.simedarbyplantation.com |
| Golden Agri-Resources Ltd | View profile | 100800 | C/o IQ EQ Corporate Services (Mauritius) Ltd, 33 Edith Cavell Street, Port Louis, Mauritius, 11324 | https://www.goldenagri.com.sg |
| IOI Corp Bhd | View profile | 28010 | Level 29,IOI City Tower 2, Lebuh IRC, IOI Resort City, Wilayah Persekutuan, Putrajaya, SGR, Malaysia, 62502 | https://www.ioigroup.com |
| Kuala Lumpur Kepong Bhd | View profile | 63864 | No. 1, Jalan S.P. Seenivasagam, Wisma Taiko, Ipoh, PRK, Malaysia, 30000 | https://www.klk.com.my |
| Bunge Global SA | View profile | 23000 | 1391 Timberlake Manor Parkway, Chesterfield, MO, United States, 63017 | https://www.bunge.com |
| Cargill | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | http://www.cargill.com |
| Wilmar International Ltd | View profile | 100000 | 28 Biopolis Road, Wilmar International, Singapore, Singapore, 138568 | https://www.wilmar-international.com |
South Korea specialty fats & oils market size, by type, 2018-2030 (US$M)
South Korea Specialty Fats & Oils Market Outlook Share, 2024 & 2030 (US$M)
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