The Canada soybean oil market attained 330.00 TMT in 2024. The market for soybean oil is being driven by growing health-conscious consumers and profitability as feedstock for biodiesel.

Forecast: Soybean Oil Market Size Volume in Canada 2023 - 2027 Discover more data with ReportLinker!

For the fourth year in a row, Canada recorded growth in overseas shipments of crude soybean oil, which increased by 4.8% to 32K tons in 2023.

Forecast: Soybean Oil Market Size Volume Per Capita in Canada 2022 - 2026 Discover more data with ReportLinker!

The Canadian refined soybean oil market soared to $824M in 2024, jumping by 442% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Soybean Oil Price in Canada - 2023. Find the latest marketing data on the IndexBox platform.

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Soybean Derivatives Market Size 2025-2029

The soybean derivatives market size is forecast to increase by USD 134.5 billion, at a CAGR of 7.2% between 2024 and 2029.

The market is experiencing significant growth due to the rising demand from lactose-intolerant and vegan consumers for alternative sources of protein. These consumers are increasingly turning to soybean derivatives, such as soy protein isolates and textured vegetable protein, as substitutes for dairy and meat products. Additionally, the animal feed industry is a major consumer of soybean derivatives, with soybean meal being a primary source of protein for livestock. However, the market faces challenges from the presence of soybean substitutes, such as pea and sunflower protein, which offer similar nutritional benefits. These substitutes are gaining popularity due to their lower environmental impact and potential for higher yields. Soybean derivatives, such as soy milk and tofu, are popular alternatives to dairy products and meat, respectively
Furthermore, the volatility of soybean prices and trade policies, such as tariffs and quotas, can significantly impact the market's dynamics. Companies in the market must navigate these challenges by focusing on product innovation, sustainability, and supply chain efficiency to remain competitive. Additionally, the use of soybeans in animal feed is another growth factor. For instance, developing new applications for soybean derivatives in the food and beverage industry, improving production processes to reduce waste and increase yields, and exploring new markets and partnerships can help companies capitalize on market opportunities and mitigate risks.

What will be the Size of the Soybean Derivatives Market during the forecast period?

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The market encompasses a wide range of applications and products, from soybean yield optimization and hull applications to soy meal composition and protein concentrates. Soybean cultivation practices continue to evolve, with a focus on disease management and sustainability practices. In the realm of product development, soybean ingredient innovation is driving the creation of new grades of soy lecithin and protein isolates. In the food industry, soy derivatives are used as functional ingredients in various applications, including baked goods, beverages, and processed food.
Soybean pest resistance and environmental footprint are also critical factors influencing market dynamics. As the demand for sustainable and high-performing soybean derivatives continues to grow, so too will the innovation and collaboration within the industry. Industry collaborations and regulatory compliance are shaping the soybean industry landscape, with a growing emphasis on traceability systems and GMO labeling. Additionally, the market is expanding in sectors such as biodiesel due to the renewable nature of soy oil and its potential to reduce greenhouse gas emissions.

How is this Soybean Derivatives Industry segmented?

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

Type

  Soy oil
  Soy milk
  Soy protein
  Others


Distribution Channel

  Offline
  Online


Application

  Food and beverage
  Animal feed
  Others


Geography

  North America

    US
    Canada
    Mexico


  APAC

    China
    India
    Indonesia
    Japan


  South America

    Argentina
    Brazil
    Colombia


  Rest of World (ROW)

By Type Insights

The soy oil segment is estimated to witness significant growth during the forecast period. Soybean oil, derived from soybean processing, is a popular choice for health-conscious consumers due to its nutritional benefits. Rich in unsaturated fats, essential fatty acids, and vitamin E, soybean oil is a preferred cooking oil for various applications, including frying, sautéing, baking, and salad dressings. The environmental sustainability of soybean cultivation and the versatility of soybean derivatives have contributed to their increasing use in various industries. Soybean-based ingredients, such as soybean flakes, grits, and meal, have gained popularity in the animal feed industry due to their high nutritional value and protein content. Soybean meal is a valuable byproduct of soybean oil refining and is a primary source of protein for livestock. It is used as an emulsifier and stabilizer in various industries, including food, pharmaceuticals, and cosmetics.

Soybean sustainability is a critical concern for consumers and manufacturers alike, leading to an increased focus on sustainable sourcing and production practice

The global soybean oil market, valued at $93.17 billion in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) of 10.84% from 2025 to 2033. This expansion is fueled by several key factors. The increasing demand for soybean oil in the food and beverage industry, particularly in applications like spreads, bakery products, and confectionery, is a major contributor. The growing global population and rising disposable incomes in developing economies are further boosting consumption. Simultaneously, the expanding animal feed sector, relying heavily on soybean meal and oil as key components, significantly contributes to market growth. Furthermore, industrial applications of soybean oil, including biodiesel production and use in various manufacturing processes, are experiencing a notable uptick, adding to the market's overall expansion. Competition among major players like Archer Daniels Midland Company, Cargill Incorporated, and Wilmar International Ltd. is expected to remain intense, driving innovation and efficiency gains within the industry. Geographical distribution reveals a diverse market landscape. North America, encompassing the United States, Canada, and Mexico, is expected to maintain a substantial market share due to established agricultural practices and high domestic consumption. However, the Asia-Pacific region, particularly China and India, is projected to demonstrate the fastest growth rate, driven by increasing populations and changing dietary habits. Europe and South America will also contribute significantly, with growth influenced by regional economic conditions and consumption patterns. The forecast period (2025-2033) anticipates a continued upward trajectory, with the market size exceeding $250 billion by 2033, based on the projected CAGR. Factors like fluctuating commodity prices and potential disruptions to global supply chains could influence the market trajectory, but overall, the outlook for soybean oil remains positive. Notable trends are: Growing Usage of Soybean Oil in Biodiesel.

In 2023, approx. 218K tons of refined soybean oil and its fractions were imported into Canada; rising by 110% against the year before.

Exports of Crude Soybean Oil peaked at 72K tons in 2015, but failed to regain momentum from 2016 to 2024. In value terms, exports fell to $20M in 2024.

The US soybean farming industry is navigating significant changes in the current period, with soybean prices determining the initial rise and recent decline in industry performance. These prices have been influenced by several key factors, including the growing demand for biofuels and mixed consumer perceptions regarding soy products. The demand for soybean oil in biofuel production surged due to supportive policies like the Renewable Fuel Standard and rising crude oil prices, creating a lucrative market for soybean producers. However, subsequent drops in fertilizer and crude oil prices, paired with record-high soybean production, have sharply dropped soybean prices, bringing revenue and profit down with them as farmers struggle to balance costs with lower incomes. Industry has shrunk a compound annual growth rate (CAGR) of 2.6%, with a decrease of 8.7% in 2025, reaching an estimated $44.2 billion. US soybean exports are facing mounting challenges due to competitive pressures abroad and quickly evolving trade policy. Brazil’s increased production and improved export infrastructure have strengthened its position as a major supplier, particularly to China, which is reducing its reliance on US soybeans. This shift threatens US exports and compels American farmers to reassess their strategies, focusing on market diversification and emphasizing quality and sustainability to remain competitive. Rising geopolitical tensions and newly imposed tariffs, such as those affecting key markets like the EU, Canada and China, have further complicated trade, impacting US farmers' access and pricing power in these vital markets. Through the end of 2025, soybean prices are initially projected to decline due to increased production and growing global supplies. However, as climate change impacts crop yields through extreme weather and pest challenges and supplies become limited prices will be pushed upward alongside rising global demand. Subsidies will continue to play a vital role in supporting farmer incomes amids these fluctuations, providing some stability to an otherwise highly volatile industry. However, the industry faces significant uncertainty due to the ongoing USDA funding freeze is creating significant uncertainty, particularly where government support and subsidies are concerned. This freeze is affecting a wide range of agricultural programs including conservation efforts, market development, research and technical assistance. Over the next five years, the industry is expected to grow at a CAGR of 1.3%, with revenues reaching $47.1 billion by the end of 2030.

The pace of growth in the export of Refined Soybean Oil was the most pronounced in July 2023 with a significant 46% increase compared to the previous month. In terms of value, the exports of Refined Soybean Oil recorded a noteworthy expansion, reaching $13M in September 2023.

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Edible Oil Market Size 2025-2029

The edible oil market size is forecast to increase by USD 18.37 billion, at a CAGR of 3.4% between 2024 and 2029.

The market is driven by the surging demand for trans-fat-free oils due to growing health consciousness among consumers. This trend is fueled by increasing awareness regarding the harmful effects of trans fats on human health. Furthermore, advancements in agriculture technology have enabled the production of high-quality, healthy oils, providing opportunities for market growth. However, the market faces distribution challenges that hinder its expansion. The complex supply chain and logistical issues in transporting edible oils from production sites to consumers in various regions create hurdles for market participants.
Companies must navigate these challenges by implementing robust logistics strategies and collaborating with reliable partners to ensure the timely and efficient delivery of their products. By addressing these challenges and catering to the evolving consumer preferences, market players can capitalize on the growing demand for healthier edible oil options and strengthen their market position. Consumer preferences for healthier alternatives, such as olive oil, are driving demand for alternative oils

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

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The market continues to evolve, shaped by dynamic market forces and shifting consumer preferences. Unsaturated fats, such as monounsaturated and polyunsaturated fatty acids, have gained prominence in food processing due to their health benefits. Cold-pressed oils, like olive and avocado, with their desirable nutritional profiles and high omega-3 and omega-6 fatty acid content, have gained popularity in various sectors. The fatty acid profile of oils, including rapeseed, sunflower, safflower, and canola, influences their applications in food processing and dietary guidelines. Smoke point and peroxide value are crucial factors in determining the suitability of oils for cooking applications. Linseed oil, with its high polyunsaturated fat content and low smoke point, is often used in non-cooking applications.

Price volatility, driven by factors like supply chain disruptions and government regulations, impacts the market. Organic and unrefined oils, with their perceived health benefits and higher production costs, command premium prices. Oxidation stability and moisture content are essential considerations for maintaining the quality and shelf life of edible oils. Sustainability concerns, particularly in the palm oil sector, have led to increased scrutiny and regulations. Corn oil, peanut oil, and other vegetable oils are used extensively in salad dressings and food manufacturing. Labeling requirements and consumer preferences for trans-fat-free and low-saturated fat options continue to shape the market landscape. The market is a complex web of interconnected factors, from production methods like solvent extraction and expeller-pressed oil to consumer preferences and government regulations.

The ongoing unfolding of market activities and evolving patterns underscores the importance of staying informed and adaptable in this ever-changing industry.

How is this Edible Oil Industry segmented?

The edible 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.

End-user

  Retail
  Food service
  Food processor


Packaging

  Pouches
  Bottles
  Jars
  Cans


Type

  Palm oil
  Soybean oil
  Sunflower oil
  Mustard oil
  Others


Geography

  North America

    US
    Canada


  Europe

    Germany
    Russia
    UK


  APAC

    China
    India
    Indonesia
    Japan


  South America

    Brazil


  Rest of World (ROW)

By End-user Insights

The Retail segment is estimated to witness significant growth during the forecast period. The market encompasses various types of oils, including unsaturated ones like rapeseed, sunflower, safflower, olive, and avocado, which provide healthier alternatives to saturated fats. The futures market plays a significant role in price determination, influencing the supply chain. Trans fats, however, are a concern due to their adverse health effects, leading to increased focus on omega-6 and omega-3 fatty acids. Cholesterol content is a critical consideration, with olive, canola, and flaxseed oils offering heart-healthy benefits. Food processing techniques, such as cold-pressing, expeller-pressing, and solvent extraction, impact the oil's nutritional value, smoke point, and oxidation stability. Consumer preferences prioritize mon

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Camelina Oil Market Size 2024-2028

The camelina oil market size is forecast to increase by USD 247.2 million, at a CAGR of 6.14% between 2023 and 2028.

The market is experiencing significant growth, driven by the rising awareness of its health benefits. This functional oil, rich in omega-3 fatty acids, is increasingly gaining popularity among consumers seeking healthier alternatives. Furthermore, the increasing demand for biofuels is bolstering the market, as camelina oil is a promising feedstock for biodiesel production. However, the market faces challenges, including the presence of popular alternative oils such as flaxseed and soybean oil. These competitors have well-established markets and significant production capacities, making it difficult for new entrants to penetrate the market.
Companies looking to capitalize on the opportunities in the market must focus on differentiating their offerings, leveraging the unique health benefits and sustainable production processes associated with camelina oil. Effective marketing strategies and strategic partnerships can help these companies navigate the competitive landscape and capture market share.

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

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Camelina oil, derived from the seeds of the Camelina sativa plant, continues to garner attention in various sectors due to its unique properties and evolving market dynamics. This versatile oil is renowned for its high antioxidant properties and oxidative stability, making it an attractive option for use in cosmetics as a skincare ingredient. Additionally, its rich fatty acid profile, including omega-6 and omega-3 fatty acids, positions it as a valuable addition to the nutritional supplement industry. In the industrial sector, camelina oil's potential as a sustainable fuel source is being explored. The oil's high erucic acid content makes it an ideal candidate for biodiesel production.

Furthermore, its use as a plasticizer production feedstock and lubricant base oil adds to its market appeal. The agricultural residue generated during camelina seed crushing can also be utilized effectively. Camelina meal, a byproduct of the oil extraction process, is a valuable source of protein for use in animal feed. Moreover, the residual plant material can be employed as a bioplastic feedstock, contributing to the circular economy. Quality control is a critical aspect of the market. Cold-pressed camelina oil, which is extracted using expeller pressing, is gaining popularity due to its superior taste and nutritional benefits. Seed crushing and refining techniques, filtration, and yield optimization are essential processes that ensure the production of high-quality camelina oil.

The market is continually unfolding, with new applications and production methods emerging. The ongoing research and development in this sector underscore the dynamic nature of the market. From cosmetics to biofuels, camelina oil's versatility and potential make it an exciting and evolving area of interest.

How is this Camelina Oil Industry segmented?

The camelina oil industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Biofuels
  Cosmetics
  Food


Distribution Channel

  B2B
  B2C (Retail, Online)


Form

  Refined Camelina Oil
  Crude Camelina Oil


Source

  Conventional
  Organic


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    KSA
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Application Insights

The biofuels segment is estimated to witness significant growth during the forecast period.

Camelina oil, derived from the Camelina sativa plant, has gained significant attention due to its versatile applications and sustainable production. With a protein-rich meal as a byproduct, camelina oil offers advantages in both the biofuel and nutrition industries. The oil's fatty acid profile, rich in omega-3 and omega-6 fatty acids, makes it an ideal sustainable fuel source and a valuable ingredient in cosmetics, haircare, and skincare products. The stability of camelina oil, attributed to its antioxidant properties and oxidative stability, is essential for its use in various industries. Solvent extraction and mechanical processes like cold-pressed and expeller pressing are used for camelina oil extraction, ensuring quality control and maintaining the oil's desirable viscosity.

In the biofuel sector, camelina oil

Soybeans fell to 977.62 USd/Bu on July 29, 2025, down 1.13% from the previous day. Over the past month, Soybeans's price has fallen 4.55%, and is down 4.63% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Soybeans - values, historical data, forecasts and news - updated on July of 2025.