The Soybean Oil Market Report is Segmented by Nature (Conventional and Organic), Application (Food, Animal Feed, Industrial, and Others), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Liters).

The global Soybean Oil market stood at approximately 65 million tonnes in 2024 and is anticipated to grow at a CAGR of 4.21% during the forecast period until 2035.

The global soybean oil market size was valued at 62.29 Million Tons in 2024. Looking forward, IMARC Group estimates the market to reach 72.3 Million Tons by 2033, exhibiting a CAGR of 1.7% during 2025-2033. China currently dominates the market, holding a significant market share of over 32.0% in 2024. The increasing preference for plant-based and trans-fat-free oils, rising health consciousness and awareness among the masses and growing product utilization in various industrial applications are strengthening soybean oil market share in the global edible oil industry.

IMARC Group provides an analysis of the key trends in each segment of the global soybean oil market report, along with forecasts at the global, and regional level from 2025-2033. Our report has categorized the market based on end-use.

View monthly updates and historical trends for Soybean Oil Price (Any Origin). Source: World Bank. Track economic data with YCharts analytics.

The global soybean oil market reached a volume of 61.30 MMT in 2024. The market is expected to grow further at a CAGR of 1.40% between 2025 and 2034 to reach a volume of 70.44 MMT by 2034.

Discover why the demand for soybean oil in the United States is expected to rise over the next decade, leading to projected market volume of 14M tons and value of $17.6B by 2035.

This statistic shows the forecasted soybean oil market size worldwide in 2017, with forecasted figures for 2018 to 2023. In 2017, the market volume of soybean oil worldwide amounted to about ** million tons worldwide, and is forecasted to reach about ** million tons by 2023.

Global soybean oil market analysis for 2024-2035: consumption to reach 68M tons, market value to hit $86.5B, with key insights on production, trade flows, and price trends.

Discover the booming soybean oil market! This in-depth analysis reveals a $50 billion market in 2025, projected to grow at a 5% CAGR through 2033, driven by food processing, biofuels, and rising global demand. Explore market trends, regional insights, and key players in this comprehensive report.

Global Soybean Oil Market size was valued at $53.42 B in 2023, and is projected to reach $USD 78.23 B by 2032, at a CAGR of 4.45% from 2023 to 2032.

Discover the booming soybean oil market! Explore its $93.17 billion (2025) valuation, 10.84% CAGR, key drivers, trends, and major players like Cargill & ADM. Get insights into regional market shares and future growth projections in this comprehensive analysis. Key drivers for this market are: Growing Health and Fitness Consciousness Among Japanese, Increasing Demand for Meat Analogues. Potential restraints include: Higher Production Costs and Limited Capacities. Notable trends are: Growing Usage of Soybean Oil in Biodiesel.

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.

The global Non-GM soy oil market is experiencing robust growth, driven by increasing consumer preference for naturally produced food products and growing awareness of the potential health benefits associated with non-GMO consumption. This preference is particularly strong in developed nations with higher disposable incomes and a greater focus on health and wellness. While precise market sizing data is not fully provided, based on industry analyses and typical growth rates for similar agricultural products, we can reasonably estimate the 2025 market size to be approximately $15 billion USD. Considering a projected Compound Annual Growth Rate (CAGR) of 5% over the forecast period (2025-2033), the market is expected to reach a value exceeding $23 billion by 2033. Key drivers include rising demand from the food and beverage industry, particularly for applications like cooking oil, margarine, and salad dressings. The increasing popularity of vegan and vegetarian diets further fuels demand. However, fluctuating soy prices and the competition from other vegetable oils present significant restraints to market growth. Market segmentation reveals a strong presence across various grades, with Grade One and Grade Two commanding a significant share of the market due to their superior quality and suitability for diverse applications. Geographically, North America and South America, key soy producing regions, hold substantial market shares, while Asia-Pacific is projected to exhibit significant growth potential due to rising consumption and population. The competitive landscape is characterized by the presence of both large multinational corporations and regional players. Major players such as ADM, Bunge, Cargill, and Wilmar International dominate the global supply chain, leveraging their established distribution networks and processing capabilities. However, regional companies continue to play a vital role, especially in catering to local market demands. Future growth will likely be influenced by technological advancements in soy oil production, innovative product development, and increasing regulatory scrutiny regarding GMO labeling and food safety standards. The market's expansion is expected to be fueled by a persistent focus on consumer health, coupled with sustainable and ethical sourcing practices within the supply chain. The ongoing exploration of novel applications of Non-GM soy oil in various industries, including cosmetics and biofuels, offers further potential for long-term growth.

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

Organic Soybean Oil Market Outlook

The global market size for organic soybean oil was valued at USD 2.3 billion in 2023 and is expected to reach approximately USD 4.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.5% during the forecast period. The impressive growth of this market is driven by increasing consumer awareness about the health benefits of organic products, a growing trend towards sustainable and environmentally friendly farming practices, and rising demand in various applications, including food and beverages, personal care, and pharmaceuticals.

One of the primary growth factors in the organic soybean oil market is the rising health consciousness among consumers globally. Organic soybean oil is perceived as a healthier alternative to conventional oils because it is free from synthetic pesticides and genetically modified organisms (GMOs). This perception is further bolstered by numerous scientific studies highlighting the potential health benefits of organic products, such as higher nutritional content and lower levels of harmful residues. Additionally, the increasing prevalence of chronic diseases such as heart disease and diabetes has led to a shift towards healthier dietary choices, further propelling the demand for organic soybean oil.

Another significant driver is the growing trend towards sustainability and environmentally friendly farming practices. Consumers are becoming increasingly aware of the environmental impact of their purchasing decisions and are more inclined to choose products that are produced using sustainable methods. Organic farming practices, which avoid the use of synthetic chemicals and promote biodiversity, are seen as a more sustainable option compared to conventional methods. This trend is not only influencing individual consumer choices but is also being adopted by food manufacturers and retailers who are seeking to meet the demand for sustainable products and reduce their environmental footprint.

The expanding applications of organic soybean oil in various industries also contribute to its market growth. In the food and beverages sector, organic soybean oil is widely used as a cooking oil and an ingredient in processed foods due to its nutritional benefits and desirable cooking properties. The personal care industry is leveraging organic soybean oil for its moisturizing and anti-inflammatory properties, making it a popular ingredient in skincare and haircare products. Additionally, the pharmaceutical industry utilizes organic soybean oil in the formulation of various medicinal and therapeutic products, given its potential health benefits. The industrial applications of organic soybean oil, such as in biodiesel production, further expand its market opportunities.

The increasing demand for Non-GMO Soy Oil is a testament to the growing consumer preference for products that are perceived as healthier and more natural. Non-GMO Soy Oil is derived from soybeans that have not been genetically modified, aligning with the broader trend towards transparency and sustainability in food production. This oil is particularly appealing to health-conscious consumers who are wary of the potential long-term effects of genetically modified organisms. As awareness of these issues grows, the market for Non-GMO Soy Oil is expected to expand, offering new opportunities for producers and retailers who can meet this demand with high-quality, certified products.

The regional outlook for the organic soybean oil market reveals significant growth potential in various parts of the world. North America, particularly the United States, is a leading market due to high consumer awareness and demand for organic products. Europe also exhibits strong growth, driven by stringent regulations favoring organic farming and a well-established organic food market. The Asia Pacific region is expected to witness the fastest growth, supported by increasing disposable incomes, a rising middle class, and growing awareness of health and sustainability. Latin America and the Middle East & Africa present emerging opportunities, although their market sizes remain smaller compared to other regions.

Product Type Analysis

The organic soybean oil market is segmented by product type into Cold-Pressed, Expeller-Pressed, and Solvent-Extracted. Each of these methods of extraction offers distinct benefits and caters to different consumer preferences and applications. Cold-pressed organic soybean oil is highly valued for its purity and the

Soybean Oil Market was valued at USD 52.59 billion in 2024 and is expected to grow to USD 64.58 billion by 2030 with a CAGR of 3.53%

The global Non-GMO soy oil market exhibits robust growth, driven by increasing consumer demand for health-conscious food products and a rising preference for natural and organically-produced ingredients. The market's expansion is further fueled by the growing awareness of the potential health risks associated with genetically modified organisms (GMOs), leading consumers to actively seek out non-GMO alternatives. Major players like Cargill, ADM, and Bunge are significant contributors to the market's volume, leveraging their established supply chains and processing capabilities to meet the escalating demand. The market's segmentation likely includes different types of non-GMO soy oil (e.g., refined, unrefined), catering to diverse applications in food processing, culinary uses, and industrial settings. While precise market size figures are unavailable from the provided text, industry reports suggest a substantial market value, likely exceeding several billion dollars globally, considering the widespread use of soy oil in various industries. Assuming a moderate CAGR of 5% based on typical growth in the edible oil sector, a market size exceeding $5 billion in 2025 could be reasonably projected, with continual expansion over the forecast period. Sustained growth in the Non-GMO soy oil market is anticipated throughout the forecast period (2025-2033). This optimistic outlook stems from ongoing consumer preference shifts towards healthier and more ethically-sourced food products. The market, however, may face challenges from fluctuations in soybean prices, potential supply chain disruptions, and the ongoing competition from other vegetable oils. Stringent regulations surrounding non-GMO labeling and certification could also impact market dynamics. Nevertheless, the increasing focus on transparency and ethical sourcing within the food industry is expected to propel the market's growth trajectory, particularly in developed regions like North America and Europe, where health consciousness is more prominent. Emerging markets in Asia and Latin America also offer considerable growth potential, fueled by rising disposable incomes and increased awareness of health and wellness.

Soybean Oil Market Outlook

According to our latest research, the Global Soybean Oil market size was valued at $54.7 billion in 2024 and is projected to reach $78.2 billion by 2033, expanding at a CAGR of 4.1% during 2024–2033. The significant growth of the global soybean oil market is primarily driven by the rising demand for plant-based edible oils, which are increasingly favored for their health benefits, versatility in food processing, and applications across diverse industries. As consumers worldwide become more health-conscious and governments promote sustainable agricultural practices, soybean oil is gaining prominence as a preferred choice, further fueled by its widespread use in food manufacturing, animal feed, and the rapidly expanding biodiesel sector.

Regional Outlook

The Asia Pacific region commands the largest share of the global soybean oil market, accounting for over 42% of total market value in 2024. This dominance is underpinned by the region's massive population base, particularly in China and India, where soybean oil is a staple in both household and industrial food preparation. The maturity of the edible oil market in these countries, coupled with robust domestic soybean processing industries and supportive government policies, has resulted in a steady supply chain and competitive pricing. Additionally, the presence of major food processing companies and a growing middle-class population with increasing disposable income have further propelled the demand for refined soybean oil in the region. Technological advancements in oil extraction and refining processes have also contributed to the high market share by ensuring consistent product quality and safety standards.

In contrast, Latin America is emerging as the fastest-growing region in the soybean oil market, with an impressive CAGR of 5.6% projected through 2033. Brazil and Argentina, as leading soybean producers and exporters, are investing heavily in expanding their crushing capacities and modernizing processing facilities. The region's growth is propelled by rising domestic consumption, a burgeoning biodiesel industry, and increasing export opportunities to Asia and Europe. Government incentives for biofuel production and strategic partnerships with global food manufacturers are further accelerating market expansion. Additionally, Latin America's proximity to key soybean cultivation areas ensures a stable raw material supply, reducing logistical costs and enhancing competitiveness in both local and international markets.

Meanwhile, emerging economies in Africa and parts of Southeast Asia are experiencing gradual adoption of soybean oil, although challenges persist. Limited processing infrastructure, fluctuating import duties, and inconsistent government policies have somewhat restrained market penetration. Nevertheless, rising urbanization, changing dietary patterns, and efforts to reduce reliance on palm oil are creating new opportunities for market entry. Localized demand is being supported by small-scale crushers and packaged oil producers catering to urban and peri-urban consumers. Policy reforms aimed at improving agricultural productivity and food security may further unlock the potential of these markets, albeit at a more measured pace compared to established regions.

Report Scope

The Soybean Oil Market size was valued at USD 93.17 Million in 2023 and is projected to reach USD 191.49 Million by 2032, exhibiting a CAGR of 10.84 % during the forecasts periods. Key drivers for this market are: Growing Health and Fitness Consciousness Among Japanese, Increasing Demand for Meat Analogues. Potential restraints include: Higher Production Costs and Limited Capacities. Notable trends are: Growing Usage of Soybean Oil in Biodiesel.

US Soy Oil Futures, also known as Soybean Oil Futures, are financial contracts that represent an agreement to buy or sell a standardized quantity of soybean oil at a predetermined price and future delivery date on a commodities exchange. These futures contracts are traded on the Chicago Mercantile Exchange (CME), which is one of the largest futures exchanges in the world. Learn more about the key factors influencing the price of US Soy Oil Futures and how traders and investors can utilize these contracts to