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).

The Bangladeshi refined soybean oil market totaled $262M in 2024, leveling off at the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $331M. From 2017 to 2024, the growth of the market remained at a somewhat lower figure.

Soybean oil prices in , July, 2025 For that commodity indicator, we provide data from January 1960 to July 2025. The average value during that period was 610.79 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

Why did the Soybean Oil Price Change in July 2025? In Q2 2025, North America’s soybean oil market showed a consistent upward trend with an average quarter-over-quarter price increase of approximately 3.87%, and the soybean oil spot price reaching USD 1,115 per unit in June.

In 2024, the Libyan refined soybean oil market decreased by -3.5% to $20M, falling for the second consecutive year after three years of growth. Over the period under review, consumption showed a relatively flat trend pattern. Refined soybean oil consumption peaked at $24M in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

The global refined soybean oil market is experiencing robust growth, driven by increasing health consciousness, rising demand for vegetable oils in food processing, and expanding biofuel production. The market, estimated at $XX billion in 2025, is projected to maintain a healthy Compound Annual Growth Rate (CAGR) of XX% from 2025 to 2033, reaching an estimated $YY billion by the end of the forecast period. This growth is fueled by several factors including the increasing adoption of soybean oil in various food applications due to its versatility and relatively lower cost compared to other vegetable oils. Furthermore, the rising popularity of plant-based diets and the growing awareness of the health benefits of soybean oil, such as its rich content of polyunsaturated fatty acids, are significantly boosting demand. However, fluctuations in soybean prices and potential competition from other vegetable oils represent key restraints to market expansion. The market is segmented by various factors including application (food processing, biofuels, etc.), geographical region, and distribution channel. Key players in this competitive landscape include AGP, Gupta Solvent, Sony Traders, CIT Foods, MWC Group, Gustav Heess, Century Oils, Aliya Trading SL, Shree Uday Oil Group, Gujarat Ambuja Exports Limited (GAEL), Kohinoor Feeds and Fats, and ASFARA GLOBAL, each vying for market share through innovation, strategic partnerships, and expansion into new markets. The regional distribution of the refined soybean oil market demonstrates significant variations, with North America and Asia-Pacific likely accounting for the largest shares due to high soybean production and consumption levels. Europe and South America also represent significant markets, albeit with varying growth trajectories. Future growth will depend on factors such as global economic conditions, government policies promoting biofuel production, and technological advancements in soybean oil processing and refining. Companies are focusing on improving the sustainability of their production processes and offering value-added products to meet evolving consumer preferences. This includes exploring options such as organic and non-GMO soybean oil to cater to the growing demand for healthier and more ethically sourced food products. Competition is expected to intensify in the coming years as existing players expand their operations and new entrants seek to establish a footprint within this lucrative market.

Soybeans fell to 1,027.42 USd/Bu on September 2, 2025, down 0.73% from the previous day. Over the past month, Soybeans's price has risen 6.03%, and is up 3.10% 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 September of 2025.

In 2024, the Israeli refined soybean oil market decreased by -21.3% to $26M, falling for the second year in a row after three years of growth. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $36M in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

In 2024, Market Research Intellect valued the Refined Soybean Oil Market Report at USD 25.5 billion, with expectations to reach USD 35.8 billion by 2033 at a CAGR of 4.9%.Understand drivers of market demand, strategic innovations, and the role of top competitors.

United States - Producer Price Index by Commodity: Chemicals and Allied Products: Crude Soybean Oil, Degummed, Made from Soybeans Crushed in the Same Establishment was 162.13800 Index Dec 2007=100 in July 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 162.13800 in July 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 September of 2025.

The global refined soybean oil market is experiencing robust growth, driven by increasing demand from the food industry, particularly in emerging economies with rising populations and changing dietary habits. The market, estimated at $50 billion in 2025, is projected to witness a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033, reaching approximately $70 billion by 2033. This expansion is fueled by the versatility of soybean oil in various food applications, from cooking oils to processed foods, as well as its growing use in biofuel production, aligning with the global push for renewable energy sources. Key segments contributing to this growth include the food industry and biofuels, with full refined soybean oil commanding a larger market share due to its superior quality and extended shelf life compared to semi-refined options. Major players like Archer Daniels Midland, Cargill, and Wilmar International dominate the market landscape, leveraging their extensive processing capabilities and global distribution networks. However, challenges remain, including fluctuations in soybean prices, increasing competition from other vegetable oils, and concerns regarding potential health impacts associated with high levels of saturated fats. Regional growth varies, with Asia-Pacific, particularly China and India, expected to be major contributors to the overall market expansion due to increasing consumption and strong economic growth within those regions. The market's continued growth hinges on several factors. Sustainable sourcing practices and improved transparency within the supply chain are becoming increasingly crucial for consumer trust and regulatory compliance. Technological advancements in soybean oil processing and refinement are further enhancing the product's quality and functionality. The growing demand for healthier food options is driving innovation, with the emergence of products that are low in saturated fats and high in essential fatty acids. Furthermore, government initiatives promoting biofuel adoption and supporting sustainable agriculture are also expected to boost the refined soybean oil market's expansion in the coming years. However, potential challenges such as climate change impacting soybean yields and escalating freight costs could influence the market trajectory, requiring proactive strategies from industry players to mitigate these risks.

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

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

The Paraguayan refined soybean oil market totaled $14M in 2024, approximately mirroring the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $16M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

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

The North American refined soybean oil market soared to $1.5B in 2024, rising by 48% against the previous year. The total consumption indicated a pronounced increase from 2012 to 2024: its value increased at an average annual rate of +4.7% 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 +109.5% against 2019 indices.

Global Non GMO Soybean Oil market size 2025 was XX Million. Non GMO Soybean Oil Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The global refined soybean oil market size is projected to reach USD XX million by 2029, witnessing a CAGR of XX% during the forecast period. Increasing urbanization, changing dietary habits, and rising health consciousness are primarily driving the market growth. The growing demand for healthy and convenient food products is further augmenting the market demand. The market for refined soybean oil is segmented based on application and type. The major applications include food and non-food industries, with food being the dominant segment due to the extensive use of soybean oil in cooking and food processing. In terms of type, the market is divided into edible and non-edible grades, with the edible grade being more widely used in the food industry. Key players in the market include Archer Daniels Midland Company, Bunge Limited, Cargill Incorporated, and Wilmar International Limited. These companies are focusing on strategic collaborations and product innovations to gain a competitive edge in the market.