Get the latest insights on price movement and trend analysis of Crude Soybean Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Get the latest insights on price movement and trend analysis of Refined Soybean Oil in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Soybean oil prices in , June, 2025 For that commodity indicator, we provide data from January 1960 to June 2025. The average value during that period was 609.89 USD per metric ton with a minimum of 157 USD per metric ton in August 1968 and a maximum of 1962.88 USD per metric ton in May 2022. | TheGlobalEconomy.com

After two years of decline, the Nigerien crude soybean oil market increased by 14% to $50M in 2024. In general, the total consumption indicated a measured expansion from 2012 to 2024: its value increased at an average annual rate of +4.0% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -17.4% against 2019 indices.

Soybeans fell to 962.50 USd/Bu on July 31, 2025, down 0.54% from the previous day. Over the past month, Soybeans's price has fallen 6.07%, and is down 5.83% 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.

United States - Producer Price Index by Commodity: Chemicals and Allied Products: Crude Soybean Oil, Degummed, Made from Soybeans Crushed in the Same Establishment was 152.31400 Index Dec 2007=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Chemicals and Allied Products: Crude Soybean Oil, Degummed, Made from Soybeans Crushed in the Same Establishment reached a record high of 152.79200 in March of 2025 and a record low of 69.20000 in August of 2018. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Chemicals and Allied Products: Crude Soybean Oil, Degummed, Made from Soybeans Crushed in the Same Establishment - last updated from the United States Federal Reserve on July of 2025.

In 2024, the Indian crude soybean oil market decreased by -3.1% to $5.1B, falling for the second consecutive year after three years of growth. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2024: its value increased at an average annual rate of +2.4% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

The EU crude soybean oil market rose slightly to $2.7B in 2024, picking up by 3.2% against the previous year. The total consumption indicated a measured expansion from 2012 to 2024: its value increased at an average annual rate of +4.3% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +85.3% against 2015 indices.

Crude Soybean Oil Market Outlook

The global crude soybean oil market size was estimated at USD 45 billion in 2023 and is projected to reach USD 68 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2032. The market growth is primarily driven by the rising demand for plant-based oils in various applications, including food, biodiesel, and animal feed, coupled with the increasing awareness regarding the health benefits of soybean oil.

One of the primary growth factors for the crude soybean oil market is the burgeoning food industry. Soybean oil is extensively used in cooking, baking, and as an ingredient in numerous food products. Its high smoke point and neutral flavor make it a versatile choice for both domestic and commercial culinary purposes. Additionally, the oil's health benefits, such as being rich in polyunsaturated fats, have led to its increased adoption by health-conscious consumers, thereby driving market growth.

Another pivotal growth factor is the expanding biodiesel industry, which has significantly contributed to the crude soybean oil market. Soybean oil is a critical raw material for biodiesel production due to its high oil content and availability. With global efforts to reduce carbon emissions and promote sustainable energy sources, the biodiesel sector is expected to witness substantial growth, thereby boosting the demand for crude soybean oil. Government policies and subsidies supporting biodiesel production further propel this market segment.

Refined Soybean Oil plays a significant role in the global oil market, offering a more processed alternative to crude soybean oil. This refined version undergoes additional processing to remove impurities and enhance its quality, making it suitable for a wider range of culinary and industrial applications. The refining process often involves steps such as degumming, neutralizing, bleaching, and deodorizing, which help in improving the oil's color, flavor, and shelf life. As a result, refined soybean oil is highly favored in the food industry for its versatility and health benefits, including its high content of unsaturated fats and absence of trans fats. Its widespread use in cooking, frying, and salad dressings underscores its importance in both domestic and commercial kitchens.

The animal feed industry also plays a significant role in the growth of the crude soybean oil market. Soybean oil is used as an energy source in animal feeds, contributing to the overall nutritional profile of the feed. As the global livestock industry continues to expand, driven by population growth and rising meat consumption, the demand for nutrient-rich animal feed, including crude soybean oil, is anticipated to grow. This trend is particularly prominent in emerging economies where meat consumption is on the rise.

Regional outlook for the crude soybean oil market indicates robust growth in Asia Pacific, North America, and Latin America. Asia Pacific, led by China and India, is expected to be the fastest-growing region due to the increasing population, rising disposable incomes, and growing awareness of health and nutrition. North America, driven by the United States, also shows significant potential due to the expanding biodiesel sector and the presence of major soybean oil producers. Latin America, with Brazil and Argentina as key players, will continue to be a major supplier of crude soybean oil due to favorable climatic conditions and extensive agricultural land.

Extraction Method Analysis

The extraction method is a crucial segment in the crude soybean oil market, primarily categorized into mechanical extraction and solvent extraction. Mechanical extraction, also known as expeller pressing, involves physically pressing the soybeans to extract the oil. This method is widely favored in small to medium-scale operations due to its simplicity and lower initial investment. Mechanical extraction produces oil that retains more of the soybean's natural flavors and nutrients, making it appealing for certain culinary uses. However, its lower yield compared to solvent extraction can be a limiting factor for large-scale industrial applications.

On the other hand, solvent extraction is the most commonly used method in large-scale soybean oil production due to its higher efficiency and oil yield. This method involves using a solvent, usually hexane, to dissolve the oil from the soybean flakes. The mixture is then subjected to heat

In 2024, the MENA's crude soybean oil market decreased by -7.7% to $2.9B, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of +1.8% from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $3.8B. From 2023 to 2024, the growth of the market remained at a somewhat lower figure.

United States - Producer Price Index by Industry: Oilseed Processing: Crude Soybean Oil, Degummed (DISCONTINUED) was 184.40000 Index May 1988=100 in December of 2017, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: Oilseed Processing: Crude Soybean Oil, Degummed (DISCONTINUED) reached a record high of 293.00000 in September of 2012 and a record low of 50.50000 in February of 2001. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: Oilseed Processing: Crude Soybean Oil, Degummed (DISCONTINUED) - last updated from the United States Federal Reserve on July of 2025.

The global market size of Soy Oil and Palm Oil is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024.
Global Soy Oil and Palm Oil Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Soy Oil and Palm Oil industry. The key insights of the report:
1.The report provides key statistics on the market status of the Soy Oil and Palm Oil manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report estimates 2019-2024 market development trends of Soy Oil and Palm Oil industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report makes some important proposals for a new project of Soy Oil and Palm Oil Industry before evaluating its feasibility.
There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment.
For competitor segment, the report includes global key players of Soy Oil and Palm Oil as well as some small players.
The information for each competitor includes:
* Company Profile
* Main Business Information
* SWOT Analysis
* Sales, Revenue, Price and Gross Margin
* Market Share

For product type segment, this report listed main product type of Soy Oil and Palm Oil market
* Product Type I
* Product Type II
* Product Type III

For end use/application segment, this report focuses on the status and outlook for key applications. End users sre also listed.
* Application I
* Application II
* Application III

For geography segment, regional supply, application-wise and type-wise demand, major players, price is presented from 2013 to 2023. This report covers following regions:
* North America
* South America
* Asia & Pacific
* Europe
* MEA (Middle East and Africa)
The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.

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* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
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Graph and download economic data for Producer Price Index by Commodity: Chemicals and Allied Products: Crude Soybean Oil, Degummed, Made from Soybeans Crushed in the Same Establishment (WPU064101311) from Dec 2007 to Jun 2025 about chemicals, oil, commodities, PPI, inflation, price index, indexes, price, and USA.

The Europe crude soybean oil market expanded markedly to $3.5B in 2024, rising by 6.8% against the previous year. The total consumption indicated measured growth from 2012 to 2024: its value increased at an average annual rate of +4.6% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption decreased by -6.8% against 2022 indices.

Soybean Oil Market Outlook

As per our latest research, the global soybean oil market size reached USD 58.7 billion in 2024, and it is projected to grow at a CAGR of 4.3% during the forecast period, reaching approximately USD 84.1 billion by 2033. The robust growth of this market is primarily driven by increasing demand for plant-based oils in food processing, expanding applications in industrial sectors, and a rising preference for healthier edible oil alternatives. The market has shown consistent expansion over the past few years, with a strong outlook for the future as consumer awareness regarding health and nutrition continues to rise globally.

One of the critical growth factors for the soybean oil market is the growing health consciousness among consumers, which has led to a significant shift towards plant-based and trans-fat-free cooking oils. Soybean oil, being rich in polyunsaturated fats and omega-3 fatty acids, is widely regarded as a healthier alternative to traditional animal fats and partially hydrogenated oils. This shift is further amplified by the increasing prevalence of lifestyle diseases such as obesity, cardiovascular ailments, and diabetes, prompting both households and commercial food processors to opt for healthier oil options. Additionally, food manufacturers are increasingly incorporating soybean oil into processed foods, snacks, and ready-to-eat meals, further fueling the market’s expansion.

Another major driver is the versatile application of soybean oil beyond the food industry. The oil is extensively used in the production of biodiesel, lubricants, plastics, and various industrial products due to its favorable chemical properties and cost-effectiveness. Governments in several countries are promoting the use of bio-based fuels and products, which is stimulating demand for soybean oil in the industrial sector. The growing focus on sustainability and reducing carbon footprints has also encouraged industries to adopt soybean oil as a renewable resource, thus creating additional growth avenues for the market.

Furthermore, the global supply chain for soybean oil has become increasingly efficient, supported by advancements in extraction and refining technologies. Major producing countries such as the United States, Brazil, and Argentina have invested heavily in modernizing their agricultural and processing infrastructure, ensuring a steady supply of high-quality soybean oil to meet global demand. Trade liberalization, favorable government policies, and the expansion of distribution networks have also contributed to the market’s upward trajectory. These factors collectively enhance the availability and affordability of soybean oil, making it accessible to a broader consumer base worldwide.

From a regional perspective, Asia Pacific dominates the soybean oil market, accounting for the largest share in terms of both production and consumption. The region’s growth is underpinned by rapidly expanding populations, rising disposable incomes, and changing dietary patterns favoring vegetable oils. China and India, in particular, are key markets driving demand, supported by large-scale food processing industries and a burgeoning middle class. North America and Latin America also contribute significantly, with the United States and Brazil being major producers and exporters. Meanwhile, Europe and the Middle East & Africa are witnessing steady growth, driven by increasing health awareness and the adoption of soybean oil in various industrial applications.

Product Type Analysis

The soybean oil market is segmented by product type into Refined Soybean Oil, Crude Soybean Oil, and Others, each catering to distinct end-user requirements and applications. Refined soybean oil holds the largest market share, owing to its widespread use in culinary applications and food processing. The refining process removes impurities, odor, and color, resulting in a product that is not only visually appealing but also has a neutral taste, making it suitable for a variety of cooking and baking purposes. The growing demand for packaged and processed foods has further propelled the consumption of refined soybean oil, as food manufacturers prefer oils with longer shelf life and consistent quality for their products.

Crude soybean oil, on the other hand, is primarily used as an intermediate product in industrial applications or further processed to produce refined oil. It retains more of the natural flavors an

Refined Soybean Oil Market Outlook

The global refined soybean oil market size was valued at approximately $60 billion in 2023 and is projected to reach nearly $85 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.0% during the forecast period. One of the major growth factors driving this market is the increasing awareness of the health benefits associated with soybean oil, such as its high content of polyunsaturated fats and omega-3 fatty acids.

One of the primary growth factors for the refined soybean oil market is the rising consumer inclination towards healthier cooking oils. As more people become aware of the negative health impacts of saturated fats found in alternatives like palm and coconut oil, the demand for soybean oil has surged. Furthermore, the increasing prevalence of lifestyle-related diseases such as obesity, diabetes, and cardiovascular conditions has compelled consumers to make healthier dietary choices, thereby boosting the market for refined soybean oil.

Another critical driver is the expanding food industry, particularly in emerging economies. Refined soybean oil is a staple in cooking and food preparation across various cuisines and food processing units, and its demand is directly proportional to the growth of the food industry. As urbanization continues to rise and disposable incomes increase, there is a higher consumption of processed and packaged foods, which in turn, fuels the demand for refined soybean oil.

Additionally, the biodiesel sector has emerged as a significant market driver. Soybean oil is increasingly being used as a feedstock for biodiesel production due to its high energy content and relatively low cost. This has been further bolstered by government policies and initiatives aimed at promoting renewable energy sources to reduce carbon footprints. The escalating demand for biodiesel in both developed and developing nations has opened up new avenues for the soybean oil market.

In addition to soybean oil, the market for Refined Cottonseed Oil is also witnessing a notable surge. Known for its light taste and high smoke point, refined cottonseed oil is gaining traction among consumers seeking healthier cooking oil alternatives. It is particularly popular in the food industry for frying and baking due to its ability to maintain stability at high temperatures. As consumers continue to prioritize health and wellness, the demand for oils that offer a balance of flavor and nutrition, like refined cottonseed oil, is expected to rise. The oil's versatility and affordability further enhance its appeal, making it a staple in many households and commercial kitchens.

Regionally, the Asia Pacific holds a substantial share of the refined soybean oil market, driven by large populations and growing economies like China and India. The increasing disposable income, rapid urbanization, and changing dietary patterns in these countries contribute to a higher demand for refined soybean oil. North America and Europe also represent significant markets, mainly due to the well-established food processing industries and heightened awareness of health and wellness trends among consumers.

Application Analysis

The application of refined soybean oil in the food industry is one of its largest segments, accounting for a substantial share of the market. The oil is widely used in cooking, frying, baking, and as an ingredient in salad dressings and margarine. Its neutral taste and high smoke point make it a versatile choice for various culinary applications. Moreover, the food industry's growth, particularly in emerging economies, means the demand for refined soybean oil is expected to rise significantly. As consumers become more health-conscious, the preference for oils with lower saturated fat content continues to steer the market towards soybean oil.

The biodiesel segment is another crucial application area for refined soybean oil. With the global shift towards renewable energy sources, soybean oil's role as a biodiesel feedstock has gained prominence. Governments worldwide are implementing policies to encourage the use of biodiesel, which is more environmentally friendly compared to traditional fossil fuels. This has resulted in increased investments in biodiesel production facilities, thereby boosting the demand for refined soybean oil. Countries like the United States and Brazil, which are significant producers of soybean oil, have seen substantial growth in the

The global crude degummed soybean oil market is experiencing robust growth, driven by increasing demand for soybean oil in various food and industrial applications. The market's expansion is fueled by several factors, including the rising global population, increasing disposable incomes in developing economies, and a shift towards healthier dietary habits that incorporate more vegetable oils. The burgeoning food processing industry, particularly in the production of edible oils, margarine, and bakery products, significantly contributes to the market's growth. Furthermore, the use of soybean oil in biodiesel production is another important driver, although fluctuating biodiesel mandates and fuel prices can create some volatility. Significant growth is expected in regions with large soybean production and processing capacities, such as North and South America and parts of Asia. While competition among established players like Cargill and ADM is intense, the market also presents opportunities for smaller regional producers who can cater to specific niche demands or focus on sustainable and ethically sourced soybean oil. The increasing focus on sustainable agriculture practices and the demand for traceable and transparent supply chains are shaping the market landscape, putting pressure on producers to adopt environmentally friendly processes and improve transparency throughout their operations. Despite the positive outlook, challenges remain for the crude degummed soybean oil market. Fluctuations in soybean prices, influenced by weather patterns and global trade policies, create uncertainty for producers and consumers alike. Moreover, the growing popularity of alternative vegetable oils and the rise of plant-based alternatives could pose challenges to market growth. However, the ongoing innovation in soybean oil processing and refining techniques, leading to improved quality and functionality, is expected to offset these challenges to some degree. The market is segmented by region (North America, Europe, Asia-Pacific, South America, and others), application (food, biodiesel, and industrial), and processing method. Future growth will likely be shaped by consumer preferences for healthier and more sustainable products, technological advancements in soybean processing, and the overall economic climate. A projected CAGR (assuming a reasonable estimate of 10% based on industry trends) indicates significant expansion over the forecast period.

Palm Oil fell to 4,251 MYR/T on August 1, 2025, down 0.61% from the previous day. Over the past month, Palm Oil's price has risen 4.63%, and is up 8.53% compared to the same time last year, 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 August of 2025.

The global refined soybean oil market is experiencing robust growth, driven by increasing demand from the food industry and biofuel sectors. The market size in 2025 is estimated at $50 billion, projecting a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth is fueled by several factors, including the rising global population, increasing disposable incomes in developing economies, and a growing preference for healthier cooking oils. The semi-refined segment currently holds a larger market share due to cost-effectiveness, but the full-refined segment is expected to witness faster growth owing to its superior quality and increasing consumer preference for refined oils. Geographically, Asia-Pacific, particularly China and India, dominates the market due to high consumption rates and substantial production capacity. However, North America and Europe also represent significant market segments with substantial demand for refined soybean oil in food processing and biofuel applications. Several key trends are shaping the market. The increasing focus on sustainable and ethical sourcing is pushing companies to adopt responsible agricultural practices. Furthermore, technological advancements in oil extraction and refining are enhancing efficiency and improving product quality. Despite these positive factors, the market faces challenges, such as price volatility in soybean prices and growing competition from other vegetable oils. The market also needs to address potential environmental concerns related to soybean cultivation and its impact on deforestation. Major players in the market are strategically investing in research and development, exploring new applications for soybean oil, and expanding their geographical presence to maintain a competitive edge. The market's future hinges on addressing sustainability concerns while catering to evolving consumer preferences for healthier and more ethically sourced products.