Soy Oil And Palm Oil Market size is growing with a CAGR 6.29% in the prediction period and it crosses USD 1,89,991.3 Mn in 2032 from USD 1,23,961.5 Mn in 2025.

Palm Oil rose to 4,134 MYR/T on December 2, 2025, up 1.00% from the previous day. Over the past month, Palm Oil's price has risen 0.46%, but it is still 18.56% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palm Oil - values, historical data, forecasts and news - updated on December of 2025.

Global Soy Oil & Palm Oil Market is segmented by Application (Food Processing_ Cooking_ Biodiesel Production_ Cosmetics_ Industrial Applications), Type (Refined Soy Oil_ Crude Soy Oil_ Palm Kernel Oil_ Crude Palm Oil_ RBD Palm Oil), and Geography (North America_ LATAM_ West Europe_Central & Eastern Europe_ Northern Europe_ Southern Europe_ East Asia_ Southeast Asia_ South Asia_ Central Asia_ Oceania_ MEA)

The global soy oil and palm oil market is expected to grow at a CAGR of 3.7% from 2025-2033, reaching a value of million by 2033. The growth of the market is attributed to the increasing demand for vegetable oils for food, feed, and industrial applications. Palm oil is the most widely consumed vegetable oil worldwide, accounting for about 35% of global vegetable oil consumption. Soy oil is the second most consumed vegetable oil, with a global consumption of about 25%. The demand for vegetable oils is expected to continue to grow in the coming years, driven by population growth and rising incomes. Key drivers of the soy oil and palm oil market include the growing demand for food, feed, and industrial applications; the increasing use of vegetable oils as a substitute for animal fats; and the rising awareness of the health benefits of vegetable oils. The market is also being driven by the increasing demand for biofuels, as vegetable oils can be used to produce biodiesel. The key trends in the soy oil and palm oil market include the development of new and innovative products, such as high-oleic palm oil and sustainable palm oil; the increasing use of vegetable oils in food and beverage products; and the emergence of new markets for vegetable oils, such as the biofuels market.

According to Cognitive Market Research, the global Soy Oil & Palm Oil market size was USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The biofuel category is the fastest growing segment of the Soy Oil & Palm Oil industry

Market Dynamics of Soy Oil & Palm Oil Market

Key Drivers for Soy Oil & Palm Oil Market

Growing Demand for Plant-Based Oils in Food Industry to Boost Market Growth

The increasing consumer preference for plant-based oils has been a significant driver for the soy oil and palm oil market. With a growing awareness of health benefits, consumers are opting for oils like soy and palm, which are rich in essential fatty acids and have a balanced nutrient profile. Palm oil, in particular, is widely used in processed foods, snacks, and cooking oils due to its versatility and cost-effectiveness. The rising trend towards plant-based diets, driven by concerns about animal welfare and environmental impact, further bolsters the demand for these oils. Additionally, as urbanization and income levels rise, there is a shift toward packaged foods, further increasing the demand for soy and palm oil in food processing. This growing preference in the food industry is expected to sustain the market’s growth trajectory, especially in developing economies. For instance, Corteva, Inc. (NYSE: CTVA) cements its position as a global leader in the rapidly expanding Biologicals market with today's announcement that it has closed the acquisitions of Symborg, an expert in microbiological technologies based in Murcia, Spain, and Stoller, one of the largest independent companies in the Biologicals industry, based in Houston, Texas, US

Increasing Use of Soy Oil and Palm Oil in Biofuels to Drive Market Growth

Governments worldwide are increasingly investing in biofuels as part of their energy transition plans to reduce reliance on fossil fuels and decrease carbon emissions. Both soy oil and palm oil are used in biodiesel production due to their high oil content and efficient conversion into biofuels. The adoption of biofuels is being driven by favourable regulations and incentives aimed at promoting sustainable energy. In regions like Europe and North America, biofuels are seen as a cleaner alternative to traditional diesel fuels. As countries pursue greener, more sustainable energy solutions, the demand for these oils in the biofuel sector is set to rise, creating a significant growth opportunity for soy and palm oil markets.

Restraint Factor for the Soy Oil & Palm Oil Market

Environmental and Sustainability Concerns will Limit Market Growth

The production of soy oil and palm oil faces significant scrutiny due to their environmental impact, particularly in terms of deforestation and habitat destruction. In palm oil production, large-scale deforestation in regions like Southeast Asia has led to the loss of biodiversity and contributed to climate change. Similarly, the cultivation of soybeans, particularly in South America, often results in deforestation of the Amazon rainforest. These practices have prompted global calls for more sustainable farming practices and increased pressure from environmental organizations and governments. As consumers become more environmentally conscious, demand for certified sustainable products, like certified sustainable palm oil (CSPO) or responsibly sourced soy oil, is increasing.

Impact of Covid-19 on the Soy Oil & Palm Oil Market

The COVID-19 pand...

The global soy oil and palm oil market is experiencing robust growth, driven by increasing demand from the food and beverage, biofuel, and personal care industries. While precise market sizing requires detailed proprietary data, a reasonable estimate based on industry reports and publicly available information suggests a 2025 market value of approximately $150 billion, with a Compound Annual Growth Rate (CAGR) of around 4-5% projected through 2033. This growth is fueled by several key factors: rising global populations and changing dietary habits increasing consumption of processed foods; the expanding biofuel sector's reliance on vegetable oils for sustainable energy production; and the consistent demand for soy and palm oil in various personal care products. Major players like Cargill, Wilmar International, and Bunge are strategically positioning themselves to capitalize on these trends through investments in sustainable sourcing practices and innovative product development. However, the market faces considerable challenges. Environmental concerns surrounding deforestation linked to palm oil production exert significant pressure on the industry, leading to increased scrutiny and stricter regulations. Fluctuations in commodity prices, coupled with geopolitical instability and potential crop yield disruptions due to climate change, introduce significant uncertainties. Furthermore, the growing popularity of alternative oils and fats, such as sunflower and canola oil, presents a competitive landscape and necessitates continuous innovation and adaptation by existing market players. Segment-wise, the food and beverage sector currently dominates, but growth in biofuels is expected to significantly contribute to overall market expansion in the coming years. Geographic growth will be influenced by population density, income levels and regional dietary preferences, with Asia and Africa projected as regions with above-average growth potential.

Explore the surprising market shift as soyoil prices overtake palm oil due to unprecedented price surges, influenced by global export dynamics and production cycles.

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Sustainable Palm Oil Market Size 2025-2029

The sustainable palm oil market size is forecast to increase by USD 2.54 billion, at a CAGR of 4.7% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing demand for trans-fat-free products among health-conscious consumers. This trend is leading to a rise in the adoption of sustainable palm oil as a viable alternative to its traditional counterpart. Furthermore, advancements in sustainable cultivation methods are making palm oil production more environmentally friendly, addressing concerns over deforestation and carbon emissions. However, the market faces challenges, including the rising availability of substitutes such as soybean and sunflower oils.
Sustainable palm oil's growing popularity presents a significant market potential for businesses committed to producing and supplying eco-friendly products, while navigating the challenges posed by substitutes and evolving consumer preferences. However, the market faces challenges, including the rising availability of substitutes for sustainable palm oil, such as soybean and sunflower oils. Companies seeking to capitalize on this market's opportunities must stay abreast of these trends and address the challenges effectively through innovation, strategic partnerships, and sustainable business practices.

What will be the Size of the Sustainable Palm Oil Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market continues to evolve, shaped by dynamic market forces and shifting industry trends. The complex interplay of carbon emissions, processing technologies, and palm oil derivatives drives innovation in areas such as carbon offsets and renewable energy targets. Palm kernel shells and fiber waste are increasingly being repurposed for biodiesel production and biogas generation, reducing the environmental footprint of palm oil production. Sustainability certifications, such as those focusing on sustainable agricultural practices and peatland protection, are gaining traction. Animal feed and food applications remain significant sectors, with a growing emphasis on traceability systems and supply chain transparency. Palm kernel oil, fresh fruit bunches, and crude palm oil are integral components of this evolving landscape.

Land use change, disease control, and pest management are ongoing concerns, with a focus on sustainable sourcing and brand image. The food industry's increasing demand for sustainable palm oil drives the adoption of segregated palm oil and renewable energy in palm oil mills. Storage facilities and transportation logistics are optimized to minimize water usage and waste. Sustainable agriculture, social impact assessments, and community engagement are essential elements of the circular economy. Renewable energy, biogas generation, and wastewater treatment are integrated into palm oil mill operations to minimize carbon emissions and reduce the environmental footprint. The market's continuous dynamism underscores the importance of ongoing monitoring systems for labor practices, biodiversity conservation, and deforestation monitoring.

How is this Sustainable Palm Oil Industry segmented?

The sustainable palm oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Edible oil
  Surfactants
  Biofuels
  Others


Distribution Channel

  Offline
  Online


End-user

  Household
  Commercial
  Industrial


Geography

  North America

    US


  Europe

    France
    Germany
    UK


  APAC

    China
    India
    Indonesia
    Malaysia
    Pakistan


  Rest of World (ROW)

By Type Insights

The edible oil segment is estimated to witness significant growth during the forecast period. Sustainable palm oil production is gaining momentum in the edible oil market due to rising consumer awareness and preference for environmentally responsible and ethically sourced ingredients. This shift is driven by the increasing recognition of the environmental and social issues linked to traditional palm oil production methods. The focus on sustainable practices encompasses various aspects, such as the use of advanced processing technologies, carbon emissions reduction, fair wages for laborers, and effective fiber waste management. Water usage is minimized through recycling processes, while biodiesel production from palm kernel shells contributes to renewable energy targets. Harvesting methods prioritize supply chain transparency and disease control, ensuring the health of oil palm trees and the protection of biodiversity.

Sustainable agricultural practices, including pest manage

Discover the latest trends and insights into the booming global edible oil market, projected to reach [estimated 2033 market size in USD or other relevant currency] by 2033. Explore market size, CAGR, key players (Wilmar, Bunge, ADM, etc.), regional breakdowns, and future growth opportunities in this comprehensive analysis.

Discover the booming edible vegetable oil market! This comprehensive analysis reveals a $165 billion market projected to grow at a 5.6% CAGR through 2033, driven by health trends and global demand. Learn about key players, regional trends, and market segmentation.

Global Soy Oil And Palm Oil market size 2025 was XX Million. Soy Oil And Palm Oil Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The global vegetable oil market is poised for significant growth, projected to reach an estimated market size of approximately $150,000 million by 2025, with a robust Compound Annual Growth Rate (CAGR) of around 4.5% through 2033. This expansion is primarily driven by the escalating global demand for healthier and plant-based food products, coupled with the increasing per capita consumption of edible oils across both developed and developing economies. Key applications, including supermarkets and departmental stores, are experiencing substantial growth, reflecting evolving consumer purchasing habits and wider product availability. Furthermore, the versatile nature of vegetable oils, encompassing varieties like palm oil, soybean oil, and coconut oil, caters to a diverse range of culinary and industrial uses, from food processing and manufacturing to biofuels and cosmetics, further fueling market expansion. The rising awareness surrounding the health benefits associated with certain vegetable oils, such as their role in reducing cholesterol and providing essential nutrients, is also a significant catalyst for increased adoption. Despite the optimistic outlook, the market faces certain restraints, including fluctuating raw material prices and supply chain disruptions, which can impact profitability and market stability. Intense competition among major players and the emergence of alternative oils and fats also present challenges. Nevertheless, the trend towards sustainable sourcing and production practices is gaining traction, offering opportunities for companies that prioritize environmental responsibility. Geographically, the Asia Pacific region is expected to lead market growth due to its large population, increasing disposable incomes, and burgeoning food processing industry. North America and Europe are also anticipated to exhibit steady growth, driven by health-conscious consumers and the expanding use of vegetable oils in various industrial applications. The market segmentation by type reveals palm oil and soybean oil as dominant segments, yet a growing interest in specialty oils like coconut and canola oils is also evident, indicating a diversification in consumer preferences. This report offers an in-depth analysis of the global vegetable oil market, providing a detailed understanding of its dynamics from 2019 to 2033, with a specific focus on the base year 2025 and the forecast period from 2025 to 2033. The study will meticulously examine historical trends (2019-2024) and project future market trajectories, offering valuable insights for stakeholders.

The Soy Oil and Palm Oil market represents a critical segment of the global edible oil industry, valued for its versatile applications across numerous sectors, including food production, cosmetics, and biofuels. As the demand for plant-based oils continues to rise, soy oil, derived from soybeans, and palm oil, extra

Explore the differences between palm oil and soybean oil, including their production, composition, and sustainability impact. Understand how these two common vegetable oils are used in the food industry and the environmental concerns associated with their production.

Discover the booming vegetable oil market! Explore a comprehensive analysis of market size ($250 billion in 2025), CAGR, key drivers (health trends, food processing), restraints (price volatility, sustainability concerns), leading companies, and regional insights. Forecast to 2033.

Discover the booming edible oil market! Explore market size, growth projections (2025-2033), key players (Cargill, ADM, Wilmar), and regional trends. Learn about drivers, restraints, and future opportunities in this comprehensive analysis.

APAC Vegetable Oils Market size was valued at USD 45.60 Billion in 2023 and is projected to reach USD 72.98 Billion by 2031, growing at a CAGR of 6.2% from 2024 to 2031.

Vegetable oils are natural oils extracted from seeds, nuts, fruits, or other parts of plants. They are composed primarily of triglycerides - molecules consisting of three fatty acids attached to a glycerol backbone. These oils can be obtained through various extraction methods, including cold pressing, solvent extraction, or expeller pressing. Common sources include soybeans, palm fruit, rapeseeds (canola), sunflower seeds, coconuts, olives, and corn.

Vegetable oils are utilized in various industries, including food, biofuel production, lubricants, cosmetics, pharmaceuticals, and manufacturing processes. They are versatile components in both food and non-food sectors, contributing to sustainable product development and serving as cooking mediums, ingredients in processed foods, and bases for margarine and dressings.

The global fats and oils market is a substantial and dynamic sector, exhibiting consistent growth driven by several key factors. Rising global populations and increasing disposable incomes in developing economies fuel a surge in demand for processed foods and edible oils, significantly boosting market size. Furthermore, the expanding food processing and manufacturing industries, particularly in Asia-Pacific and other emerging regions, create significant demand for various types of fats and oils as crucial ingredients. The shift towards convenient and ready-to-eat meals further amplifies this trend, contributing to market expansion. Technological advancements in oil extraction and processing techniques enhance efficiency and product quality, adding to market growth. However, fluctuations in crude oil prices, the increasing preference for healthier alternatives like olive oil and avocado oil, and concerns about the environmental impact of palm oil production pose challenges to sustained market growth. Given the significant industry players such as Associated British Foods, Archer Daniels Midland, and Cargill, the market is characterized by both intense competition and strategic collaborations aimed at optimizing supply chains and meeting evolving consumer preferences. We estimate the market size in 2025 to be around $250 billion, based on industry reports and growth projections. A conservative CAGR of 4% is projected for the forecast period, driven by these complex market forces. The market segmentation includes various types of fats and oils, catering to diverse consumer needs and industrial applications. This variety offers opportunities for specialized product development and tailored marketing strategies. The regional distribution of market share reflects global consumption patterns and production capacities, with significant contributions from North America, Europe, and Asia-Pacific. While the provided data lacks specific values, geographical distribution follows established patterns, with Asia-Pacific demonstrating the most robust growth due to rapid economic development and increasing consumption. Key companies actively engage in mergers, acquisitions, and strategic partnerships to expand their market share and diversify their product portfolios, reflecting the intense competitive landscape. The historical period (2019-2024) likely witnessed moderate growth, establishing a solid foundation for the projected expansion during the forecast period (2025-2033).

The global edible oils market is poised for substantial growth, projected to reach an estimated market size of approximately $200 billion by 2025, with a robust Compound Annual Growth Rate (CAGR) of around 6.5% during the forecast period of 2025-2033. This expansion is driven by a confluence of factors, including the increasing global population, a rising demand for convenience foods, and a growing awareness of the health benefits associated with certain edible oils. The "Food" application segment is expected to remain the dominant force, fueled by its essential role in culinary practices worldwide. Beyond food, industrial applications, particularly in the biofuel sector, are also contributing significantly to market expansion. Innovations in oil extraction and processing technologies are further enhancing efficiency and product quality, supporting this upward trajectory. Key market trends shaping the edible oils landscape include a pronounced shift towards healthier oil options, such as olive oil and sunflower oil, driven by consumer demand for reduced saturated fats and increased intake of unsaturated fats. The "Personal Care" segment is also witnessing burgeoning demand for specific oils known for their moisturizing and therapeutic properties, further diversifying the market. However, the market faces certain restraints, including volatility in raw material prices, particularly for palm oil and soybean oil, due to weather patterns and geopolitical factors. Stringent regulatory frameworks concerning food safety and labeling in different regions can also present challenges. Despite these hurdles, the overarching demand for versatile and health-conscious edible oils, coupled with advancements in agricultural and processing techniques, ensures a dynamic and growing market for the foreseeable future, with key players like Cargill, Archer Daniels Midland, and Wilmar International leading the charge. This report provides a detailed analysis of the global oil market, encompassing its production, applications, key players, and future outlook. We delve into the intricacies of various oil types and their significance across diverse industries, while also examining the impact of market dynamics, regulatory landscapes, and emerging innovations.