Press release
Key Influencer in the Soybean Oil Market 2025: Growing Demand For Healthier Food Options Driving Soybean Oil Market Growth Driver
Soybean Oil Market
The surge in the preference for healthier food alternatives is anticipated to drive the expansion of the soybean oil industry. Healthier food pertains to nutrient-rich items that deliver vital vitamins, minerals, and other positive nutrients. This shift towards healthier food is driven by the rise in health consciousness, evolving lifestyles, and societal and environmental worries. Soybean oil plays a crucial role in this shift due to its low saturated fat content and rich quantities of omega-3 and omega-6 fatty acids, which support improved cardiac health and overall wellbeing. As an illustration, an online survey carried out by the International Food Information Council, a US-based non-profit entity, showed that about 52% of the 1,005 American participants aged 18 to 80 in May 2022, adhered to a certain diet or eating pattern, indicating a rise from the prior year. Thus, the increasing preference for healthier food alternatives is fueling the expansion of the soybean oil industry.
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What growth opportunities are expected to drive the soybean oil market's CAGR through 2034?
Recent years have seen significant growth in the soybean oil market size. Its estimated value is anticipated to escalate from $62 billion in 2024 to $66.61 billion in 2025, thanks to a compound annual growth rate (CAGR) of 7.4%. The previous growth can be linked to factors such as the industrial evolution of agriculture, the demand for animal feed, advancements in biotechnology and genetic engineering, the food processing industry, worldwide trade and market deregulation, as well as biofuel regulations and policies.
The scale of the soybean oil market is projected to significantly expand in the coming years, culminating in a worth of $87.63 billion by 2029. This corresponds to a Compound Annual Growth Rate (CAGR) of 7.1%. The projected growth within this period can be linked to several factors such as increased population and urban growth, a higher demand for protein, alterations in dietary habits, the impact of climate change and weather-related risks, and health and nutritional concerns. Expected trends during this forecast period encompass a growing demand for protein, an increase in biofuel production, an expansion in the livestock industry, changes in global trade dynamics and the rise of emerging markets, along with modifications in dietary trends.
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What are the emerging trends shaping the future of the soybean oil market?
Key players in the soybean oil industry are employing a strategic partnership model to maintain competitiveness. This model involves companies taking advantage of each other's strengths and resources to achieve reciprocal benefits and success. An illustration of this is the significant agreement in July 2023 between the Missouri Soybean Merchandising Council (MSMC), a US organization in charge of overseeing the investment of Missouri soy production, and US seed firm Seedway LLC. The partnership marked a significant step towards the expansion of SOYLEIC soybean farming and the wider availability of non-GMO, high oleic soybean oil across the United States. This expansion will cater to the increasing demand for high-quality oils by expanding soybean cultivation in New York and Ohio, thereby enhancing supply and access to heart-friendly, high-oleic soybean oil.
Which growth-oriented segments of the soybean oil market are leading the industry's development?
The soybean oil market covered in this report is segmented -
1) By Product Type: Organic Soybean Oil, Conventional Soybean Oil
2) By Ingredients: Omega-3 Fats, Vitamin E, Low Saturated Fats, Polyunsaturated Fats
3) By Distribution Channel: Super market Or Hyper market, Convenience Stores, Wholesaler Or Distributor, Neighborhood Stores
4) By Application: Margarine, Frozen Foods, Salad Dressings, Shortenings, Baked Food, Cosmetics And Personal Care Products, Animal Agriculture, Other Applications
5) By End User: Commercial, Household
Subsegments:
1) By Organic Soybean Oil: Cold-Pressed Organic Soybean Oil, Expeller-Pressed Organic Soybean Oil, Refined Organic Soybean Oil
2) By Conventional Soybean Oil: Refined Soybean Oil, Unrefined Soybean Oil, High-Oleic Soybean Oil
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North America was the largest region in the soybean oil market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the soybean oil market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the soybean oil market?
Major companies operating in the soybean oil market report are Cargill Incorporated; Archer Daniels Midland Company; Wilmar International Limited; Bunge Limited; Unilever plc; Louis Dreyfus Company; Cenex Harvest States Cooperative; Associated British Foods; DuPont de Nemours Inc; Ajinomoto Co. Inc.; DSM Integrated; Kerry Group plc; Ruchi Soya Industries Limited; Hain Celestial Group; Blue Diamond Growers; Vitasoy International Holdings Limited; SunOpta Inc.; Ag Processing Inc.; Parrish and Heimbecker Limited; Nisshin OilliO Group Ltd; Pulmuone Foods; Bulk Apothecary; House Foods America's; Tofurky; Devansoy Inc.
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What Is Covered In The Soybean Oil Global Market Report?
•Market Size Forecast: Examine the soybean oil market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the soybean oil market for a structured understanding.
•Key Players Overview: Analyze major players in the soybean oil market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the soybean oil market.
•Segment Contributions: Evaluate how different segments drive overall growth in the soybean oil market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the soybean oil market.
•Industry Challenges: Identify potential risks and obstacles affecting the soybean oil market.
•Competitive Landscape: Review strategic developments in the soybean oil market, including expansions, agreements, and new product launches.
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