Global Soybean Oil Market Projected to Grow at 7.1% CAGR, Reaching $87.63 Billion by 2029

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What Will the Soybean Oil Industry Market Size Be by 2025?
The size of the soybean oil market has seen robust growth in the past few years. The market is projected to expand from $62 billion in 2024 to $66.61 billion in 2025, boasting a Compound Annual Growth Rate (CAGR) of 7.4%. The historical growth can be linked to factors such as agricultural industrialization, the need for animal feed, the food processing sector, biotechnology advancements, genetic engineering, worldwide trade, market liberalization, and biofuel regulations and policies.

What's the Long-Term Growth Forecast for the Soybean Oil Market Size Through 2029?
The market size of soybean oil is predicted to observe substantial expansion in the coming years, escalating to $87.63 billion in 2029 with a compound annual growth rate (CAGR) of 7.1%. Several factors can be associated with this anticipated growth in the forecast period; these include population surge and urbanization, escalating demand for protein, changes in dietary habits, climate changes, and related weather risks, in addition to health and nutritional considerations. Noteworthy trends during the forecast period encompass a rising necessity for protein, the broadening of biofuel production, an augmented livestock industry, changes in global commerce dynamics and emerging markets along with dietary transformations.

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What Are the Key Growth Drivers Fueling the Soybean Oil Market Expansion?
The surge in consumer preference for wholesome food alternatives is presumed to drive the soybean oil market's expansion in the future. Here, wholesome food denotes food rich in vital vitamins, minerals, and other beneficial nutrients. The shift towards these nutritious food options can be attributed to the enhanced health consciousness, lifestyle modifications, and environmental and societal apprehensions. Soybean oil plays a crucial role in this shift due to its comparatively lower saturated fat composition and high levels of omega-3 and omega-6 fatty acids, which contribute to improved cardiac health and overall wellness. For example, a digital survey conducted by the International Food Information Council, an American non-profit entity, in May 2022 involved 1,005 Americans between the ages of 18 and 80. The survey's findings revealed that around 52% of respondents adhered to a specific nutrition regime or eating habit, showing a rise from the last year. Hence, this rising preference for healthier food options is contributing significantly to the growth of the soybean oil market.

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What Are the Key Trends Driving Soybean Oil Market Growth?
Key players in the soybean oil market are turning towards strategic partnerships as a tactic to remain competitive. These partnerships enable companies to utilize one another's strengths and resources effectively to gain mutual advantages. For example, in July 2023, a notable advancement was made in SOYLEIC soybean cultivation following a licensing agreement between the Missouri Soybean Merchandising Council (MSMC), which oversees the investment of Missouri soy checkoff, and Seedway LLC, a seed company in the US. This development seeks to make non-GMO high oleic soybean oil more commonly accessible across America. The uptick in demand for high-quality oils prompts the need for this expansion, which will increase soybean production in New York and Ohio. Consequently, the supply and accessibility of heart-healthy, high-oleic soybean oil will be enhanced.

How Is the Soybean Oil Market Segmented?
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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Which Companies Are Leading the Charge in Soybean Oil Market Innovation?
Major companies operating in the soybean oil market report are Cargill Incorporated; Archer Daniels Midland Company; Wilmar International Limited; bun*ge 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.

Which Regions Are Leading the Global Soybean Oil Market in Revenue?
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.

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