Press release
Soybean Oil Market Forecast to Reach USD 77.02 Billion by 2032 at a 4% CAGR - Global Soybean Oils Market Growth to 2032
Soybean Oil Market
► Get a sample of the report:https://www.maximizemarketresearch.com/request-sample/125638/
♦ Key Highlights
Market size: USD 56.27 billion in 2024 and forecast to reach USD 77.02 billion by 2032 at a CAGR of 4%.
Leading type: Refined soybean oil holds the largest share (around 70% of total consumption in 2024).
Largest/fastest-growing region: Asia Pacific region dominates and is expected to continue leading market growth.
Key drivers/trends: Growing consumer health awareness (seeking oils low in saturated fat), rising demand for plant-based oils, expanding biodiesel usage and sustainability pressures.
Top companies: Bunge Limited; Cargill, Incorporated; Wilmar International Limited; Ruchi Soya Industries Limited.
♦ Market Outlook
The global soybean oils market shows robust prospects, anchored by consumer trends and regulatory shifts. In 2024 the market value stood at USD 56.27 billion, and projections to 2032 estimate USD 77.02 billion at a compound annual growth rate (CAGR) of approximately 4%. Key segments by type include Refined Soybean Oil, Crude Soybean Oil, and High-Oleic Soybean Oil; the refined variant held about 70% share in 2024 due to its wide utility in food processing and cooking applications. Drivers include increasing health-consciousness favouring oils high in unsaturated fats, and the growing adoption of soybean oil for biodiesel feedstock under renewable energy policies. However, restraints exist: raw material supply volatility (weather, crop yield) and regulatory pressures or market competition from other vegetable oils may dampen growth.
► Get access to the full description of the report @https://www.maximizemarketresearch.com/market-report/soybean-oils-market/125638/
♦ Regional Insights
The Asia Pacific region emerges as the dominant region for the soybean oils market, supported by large consumer bases in countries like China, India, Japan, Indonesia and South Korea. Growth in this region is driven by a combination of rising cooking-oil demand in food processing, increasing plant-based oil consumption, and supportive biodiesel mandates in certain countries. North America is also a significant region, particularly due to its use of soybean oil as a biodiesel feedstock and favourable farming/processing infrastructure. Meanwhile, supply chain disruptions, raw material shortages and policy changes in any region can influence regional growth trajectories.
♦ Key Players & Competitive Landscape
Major industry participants in the soybean oils market include Bunge Limited, Cargill, Incorporated, Wilmar International Limited and Ruchi Soya Industries Limited. These players are engaging in strategic initiatives such as capacity expansion, sustainable sourcing, product innovation (e.g., high-oleic variants) and expansion into biodiesel feedstock applications to capture growth opportunities in the soybean oils market.
♦ Quote
"Given the steady shift in consumer diets toward plant-based and heart-healthy oils, coupled with increasing biodiesel mandates around the world, the soybean oils market presents a compelling growth avenue," said Jane Doe, Senior Analyst at Maximize Market Research. "Stakeholders who address both food-grade and renewable-feedstock demand are well positioned to benefit from the forecasted USD 77 billion market by 2032."
◉ Get Market Research Latest Trends
♦ Global Insoluble Sulfur Market https://www.maximizemarketresearch.com/market-report/global-insoluble-sulfur-market/99386/
♦ Global Sodium Hydroxide (Caustic Soda) Market https://www.maximizemarketresearch.com/market-report/global-sodium-hydroxide-caustic-soda-market/24510/
♦ Global Commodity Plastics Market https://www.maximizemarketresearch.com/market-report/commodity-plastics-market/2201/
♦ Global High Performance Liquid Chromatography (HPLC) Packing Materials Market https://www.maximizemarketresearch.com/market-report/global-high-performance-liquid-chromatography-hplc-packing-materials-market/79847/
♦ Latin America Phenolic Resin Market https://www.maximizemarketresearch.com/market-report/latin-america-phenolic-resin-market/54654/
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Bangalore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Soybean Oil Market Forecast to Reach USD 77.02 Billion by 2032 at a 4% CAGR - Global Soybean Oils Market Growth to 2032 here
News-ID: 4241927 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Small Interfering RNA (siRNA) Therapeutics Market Poised for Strong Growth, Expe …
Precision gene silencing, expanded therapeutic indications, and delivery innovations set to redefine RNAi-based medicine by 2026
The global Small Interfering RNA (siRNA) Therapeutics Market is entering a transformative phase, driven by rapid scientific progress, regulatory momentum, and growing clinical validation of RNA interference (RNAi) technologies. According to industry analysis, the market is expected to expand at a robust compound annual growth rate (CAGR) of 17.5% from 2024 to 2030, reaching a…
Smart Rings Market Size to Reach USD 39.74 Million by 2032, Growing at 17.64% CA …
Smart Rings Market size was valued at USD 10.83 Million in 2024 and the total Smart Rings revenue is expected to grow at a CAGR of 17.64% from 2025 to 2032, reaching nearly USD 39.74 Million.
The smart ring market is undergoing a rapid transformation from a niche wearable segment into a mainstream health-tech category, significantly bolstered by the entry of major technology giants like Samsung alongside established pioneers such as…
Industrial Automation Market Assessment: Strategic Insights and Competitive Land …
Industrial Automation Market size was valued at USD 184.43 Billion in 2025 and the total Industrial Automation revenue is expected to grow at a CAGR of 8.5% from 2025 to 2032, reaching nearly USD 326.48 Billion by 2032.
The industrial automation market is currently pivoting from traditional mechanization to a highly sophisticated era of "cognitive manufacturing," driven by the global imperative to minimize downtime and optimize resource allocation. As industries face…
Coffee Machine Market Worth $10.72 Billion by 2032: Industry Trends & Analysis
Coffee Machine Market size was valued at USD 6.52 Billion in 2025 and the total Coffee Machine revenue is expected to grow at a CAGR of 7.35% from 2025 to 2032, reaching nearly USD 10.72 Billion by 2032.
The global coffee machine market is experiencing a robust expansion, fundamentally driven by the "third wave" coffee movement which has elevated consumer expectations from simple caffeine consumption to an appreciation of artisanal quality…
More Releases for Soybean
Key Trends Reshaping the Soybean Market: Innovations In Soybean Seed Varieties F …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Soybean Market Size Growth Forecast: What to Expect by 2025?
The steady increase in the size of the soybean market has been noted in recent years. It is projected to experience a growth from $160.29 billion in 2024 to $166.7 billion in 2025, indicating a compound annual growth rate…
Key Soybean Market Trend for 2025-2034: Innovations In Soybean Seed Varieties Fo …
What Is the Future Outlook for the Soybean Market's Size and Growth Rate?
The market size for soybeans has experienced robust expansion in the past few years. A growth from $160.29 billion in 2024 to $169.68 billion in 2025 at a compounded annual growth rate (CAGR) of 5.9% is predicted. The expansion during the historical timeframe can be linked to an increase in demand globally, biofuel manufacturing, beneficial weather patterns, international…
Soybean Derivatives Market Report 2024 - Soybean Derivatives Market Size, Trends …
"The Business Research Company recently released a comprehensive report on the Global Soybean Derivatives Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, The soybean derivatives market size…
Safeguarding Soybean Crops: Evolution of Effective Soybean Herbicides | Bayer, C …
Soybean Herbicide Market 2023 Forecast: Unveiling Opportunities and Growth
Soybean Herbicide market report presents an overview of the market on the basis of key parameters such as market size, revenue, sales analysis and key drivers. The market size of global Soybean Herbicide market is anticipated to grow at large scale over the forecast period (2023-2029). The main purpose of the study report is to give users an extensive viewpoint of the…
Soybean Industry Report Analysis By opportunities
Stratistics MRC's Soybean Market report provides readers with an understanding of market details, overview, drivers and segmentation with types.
The soybean is one of the most important food plants of the world and seems to be growing in importance. It is an annual crop, fairly easy to grow, that produces more protein and oil per unit of land than almost any other crop. It is a versatile food plant that, used…
Soybean Industry Report Analysis By opportunities
Stratistics MRC's Soybean Market report provides readers with an understanding of market details, overview, drivers and segmentation with types.
The soybean is one of the most important food plants of the world and seems to be growing in importance. It is an annual crop, fairly easy to grow, that produces more protein and oil per unit of land than almost any other crop. It is a versatile food plant that, used…
