Soybean Oil Market Size, Share & Global Industry Trend Report 2033

IMARC Group, a leading market research company, has recently released a report titled "Soybean Oil Market Size, Share, Trends and Forecast by End-Use and Region, 2025-2033". The study provides a detailed analysis of the industry, including the global soybean oil market share, trends, size, and industry growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

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.

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Global Soybean Oil Market Trends:

The increasing utilization of soybean oil in the production of bioplastics and other eco-friendly materials, supported by advancements in bioengineering and chemical processing, is catalyzing the market growth.

Moreover, the rising product application in the cosmetics and personal care sector, due to its moisturizing properties and rich nutrient profile, is bolstering the market growth.

Additionally, the growing fortified and functional food sector that utilizes soybean oil as it is enriched with vitamins and other nutrients to cater to health-conscious consumers is positively impacting the market growth.

Factors Affecting the Growth of the Soybean Oil Industry:

· Growing Demand for Biofuels:

The rising demand for biofuels, such as biodiesel, as countries strive to reduce their carbon footprint and adhere to international agreements is one of the major factors boosting the market growth. In line with this, the increasing utilization of soybean oil as a key feedstock in biodiesel production due to its high oil content and relatively easy extraction process is acting as a growth-inducing factor.

Moreover, the imposition of various government policies and incentives that promote the use of biodiesel is enhancing the market growth. These policies mandate a specific volume of renewable fuel to replace or reduce the quantity of petroleum-based transportation fuel, heating oil, or jet fuel, thereby boosting the market growth.

· Rising Awareness of Health and Nutritional Benefits:

The increasing awareness of the health and nutritional benefits of soyabean oil is positively impacting the market growth. It is rich in polyunsaturated fats, particularly omega-3 and omega-6 fatty acids, which are essential for heart health. It is also a good source of vitamin E, an antioxidant that helps protect cells from damage.

Moreover, the rising incidence of lifestyle-related diseases, such as cardiovascular diseases and diabetes, prompting consumers to seek healthier cooking oils, is boosting the market growth. Soybean oil's balanced fatty acid profile and its role in reducing bad cholesterol levels while increasing good cholesterol levels make it a preferred choice among health-conscious consumers.

· Rapid Agricultural Advancements and Production Efficiency:

The rising advancements in agricultural practices and improvements in soybean cultivation techniques are positively influencing the market growth. In line with this, the introduction of enhanced seed varieties, genetically modified organisms (GMOs), and better pest and disease management strategies leading to higher soybean yields and better-quality oil is fueling the market growth.

Moreover, rapid technological innovations in farming equipment and practices, such as precision farming and integrated pest management, that increase production efficiency are enhancing the market growth. These advancements help farmers achieve higher output with reduced environmental impact, making soybean farming more sustainable and profitable.

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Soybean Oil Market Report Segmentation:

By End-Use:

· Food

· Feed

· Industrial

Food accounted for the largest market share as soybean oil is a versatile and widely used ingredient in cooking, baking, and processed food products.

Regional Insights:

· China

· United States

· Brazil

· Europe

· Argentina

· India

· Others

China's dominance in the soybean oil market is attributed to its vast population, rapid urbanization, and significant demand in cooking oils and industrial applications.

Competitive Landscape with Key Players:

The competitive landscape of the soybean oil market size has been studied in the report with the detailed profiles of the key players operating in the market.

Some of These Key Players Include:

· Archer Daniels Midland Company

· Bunge Limited

· Cargill, Incorporated

· Louis Dreyfus Company B.V.

· Wilmar International Limited

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Key Highlights of the Report:

· Market Performance (2019-2024)

· Market Outlook (2025-2033)

· Market Trends

· Market Drivers and Success Factors

· Impact of COVID-19

· Value Chain Analysis

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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This release was published on openPR.