The Soybean 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 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.

Global Soybean Oil market size is expected to reach $84.71 billion by 2029 at 6.4%, segmented as by organic soybean oil, cold-pressed organic soybean oil, expeller-pressed organic soybean oil, refined organic soybean oil

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.

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.

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.

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%

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

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

Learn about the projected growth of the soybean oil market in Asia over the next decade, driven by increasing demand for refined oil and its fractions. Market volume is expected to reach 4M tons by 2035, with a value of $5.8B in nominal prices.

Learn about the projected growth of the soybean oil market in the United States, with consumption expected to increase over the next decade. Market performance is forecasted to expand at a CAGR of +1.7% in volume terms, reaching 14M tons by 2035, and +1.8% in value terms, reaching $18.4B by the same year.

The global soybean oil market is experiencing robust growth, projected to reach a value of $93.17 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 10.84% from 2025 to 2033. This expansion is driven by several key factors. Increasing global demand for vegetable oils, fueled by rising populations and changing dietary habits, particularly in developing economies, is a significant driver. The versatility of soybean oil, used extensively in food processing, biodiesel production, and various industrial applications, further fuels market growth. Furthermore, technological advancements in soybean cultivation and oil extraction are enhancing efficiency and yield, contributing to increased supply. However, the market faces challenges such as fluctuations in soybean prices due to weather patterns and geopolitical events. Price volatility can impact profitability for producers and consumers alike. Additionally, growing concerns regarding the environmental impact of soybean cultivation and the potential health implications of excessive saturated fat consumption pose restraints to market growth. Major players like Corteva, Cargill, Bunge, ADM, Wilmar International, Olam International, Associated British Foods, Louis Dreyfus Company, and Sime Darby Plantation are actively shaping the market landscape through strategic partnerships, investments in research and development, and expansion into new geographical markets. Competition among these established players is intense, fostering innovation and driving down prices to benefit consumers. The forecast period of 2025-2033 anticipates continued growth, with the market size exceeding $93.17 billion in 2025. This growth will be influenced by factors like the increasing adoption of sustainable farming practices, a rise in demand for healthier food products (leading to innovation in soybean oil processing for enhanced nutritional profiles), and government initiatives promoting biofuel production from renewable sources. Despite potential challenges, the long-term outlook for the soybean oil market remains positive, presenting significant opportunities for existing players and new entrants alike. The focus on sustainability and product diversification within the industry will play a crucial role in determining future market leadership. 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.

The global soybean oil market is a significant sector experiencing robust growth, driven by increasing demand from diverse applications and a rising global population. The market size in 2025 is estimated at $50 billion, exhibiting a Compound Annual Growth Rate (CAGR) of 5% from 2025 to 2033. This growth is fueled primarily by the expanding food processing and biofuel industries. The surge in demand for soybean oil as a key ingredient in various food products, including cooking oil, margarine, and mayonnaise, contributes significantly to market expansion. Furthermore, the growing use of soybean oil as a feedstock for biodiesel production is another major driver, particularly in regions with supportive government policies promoting renewable energy. Segment-wise, the GM soybean oil segment holds a larger market share due to its higher yield and cost-effectiveness compared to its non-GM counterpart, although consumer preference for non-GM options is growing steadily. Geographically, North America and Asia-Pacific are the largest markets, with China and the United States being key consumers and producers. Despite the promising growth trajectory, the market faces certain challenges. Fluctuations in soybean prices, influenced by weather patterns and global agricultural policies, pose a significant risk to market stability. Moreover, increasing health consciousness among consumers is leading to a shift towards healthier alternatives such as olive oil and coconut oil, creating competitive pressure. However, innovations in soybean oil production, including the development of healthier varieties with improved nutritional profiles, are expected to mitigate this threat. Key players like Cargill, ADM, Bunge, and Wilmar International are continuously investing in research and development to enhance their product offerings and expand their market reach. The expanding middle class in developing economies, coupled with rising disposable incomes, is expected to further drive market expansion in the coming years. Overall, despite some restraining factors, the long-term outlook for the soybean oil market remains positive, fueled by consistent demand from established and emerging markets.

Soybean oil prices in , August, 2025 For that commodity indicator, we provide data from January 1960 to August 2025. The average value during that period was 611.59 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

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

Soybeans fell to 1,017 USd/Bu on October 3, 2025, down 0.66% from the previous day. Over the past month, Soybeans's price has risen 0.49%, but it is still 2.00% lower than a year ago, 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 October of 2025.

This statistic depicts the average annual prices for soybean oil from 2014 through 2026*. In 2024, the average price for soybean oil stood at 1,022 nominal U.S. dollars per metric ton.

Learn about the forecasted decline in demand for refined soybean oil worldwide and its impact on the market volume and value from 2024 to 2030.

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.

Epoxidized Soybean Oil Market size is growing with a CAGR of 4.4% in the prediction period and it crosses USD 1.69 Bn by 2032 from USD 1.25 Bn in 2025.