A method for the rapid analysis of the fatty acid components present in a fat and/or oil-containing material is provided wherein the levels and types of fatty acids present in a sample are determined using Fourier Transform Near Infrared (FT-NIR) spectroscopy. The FT-NIR technique is developed by preparing a calibration matrix based on FT-NIR and Gas Chromatography (GC) analysis of known standards, and subsequently using the calibration matrix to analyze the FT-NIR spectral data obtained from a sample to be tested.