Soybean Oil Market Report 2026

Soybean Oil Market Overview

• Soybean Oil market size has reached to $66.11 billion in 2025 • Expected to grow to $88.86 billion in 2030 at a compound annual growth rate (CAGR) of 5.9% • Growth Driver: Growing Demand For Healthier Food Options Driving Soybean Oil Market Growth • Market Trend: Strategic Partnerships Drive Growth In The Soybean Oil Market • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Soybean Oil Market?

Soybean oil is a vegetable oil extracted from soybeans, a species of legume native to East Asia, used in cooking and food processing due to its neutral flavor and versatility. Soybean oil is rich in polyunsaturated fats, including omega-3 and omega-6 fatty acids, making it beneficial for heart health when consumed in moderation. The main types of products in soybean oil are organic soybean oil and conventional soybean oil. Organic soybean oil is a type of oil extracted from soybeans that are grown using organic farming practices. Which includes various ingredient types such as omega-3 fatty acids, vitamin E, low-saturated fats, and polyunsaturated fats, distributed by various channels including supermarkets, hypermarkets, convenience stores, wholesalers, distributors, and neighborhood stores. It includes various applications, including margarine, frozen foods, salad dressings, shortenings, baked food, cosmetics and personal care products, animal agriculture, and others, and end users are commercial and household.

What Is The Soybean Oil Market Growth Forecast?

The soybean oil market size is expected to see strong growth in the next few years. It will grow to $88.86 billion in 2030 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to growing demand for healthier cooking oils, increasing preference for plant-based fats, expansion of organic food consumption, rising use in bio-based personal care products, growing demand from emerging food markets. Major trends in the forecast period include increasing demand for organic and non-gmo soybean oil, rising use of high-oleic soybean oil variants, expansion of soybean oil in food processing applications, growing adoption in personal care formulations, enhanced focus on traceability and quality standards.

Global Soybean Oil Market Segmentation

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: Supermarket Or Hypermarket, 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

What Is The Driver Of The Soybean Oil Market?

The growing demand for healthier food options is expected to propel the growth of the soybean oil market going forward. Healthier food refers to nutrient-dense food items that provide essential vitamins, minerals, and other beneficial nutrients. The demand for healthier food is due to increasing health awareness, changing lifestyles, and social and environmental concerns. Soybean oil is integral to healthier food choices owing to its reduced saturated fat content and abundant omega-3 and omega-6 fatty acids promote better heart health and overall wellness. For instance, in May 2023, according to the International Food Information Council (IFIC), a US-based nonprofit organization focused on food and health research, its annual Food and Health Survey found that 52% of American adults reported following a specific eating pattern or diet in 2023, with the share among boomers rising to 41% up from 29% in 2022, and the most common eating patterns reported were high protein at 18%, mindful eating at 17%, calorie counting at 12%, clean eating at 12%, and intermittent fasting at 12%. Therefore, the growing demand for healthier food options is driving the growth of the soybean oil industry.

What Is The Driver Of The Soybean Oil Market?

The growing demand for healthier food options is expected to propel the growth of the soybean oil market going forward. Healthier food refers to nutrient-dense food items that provide essential vitamins, minerals, and other beneficial nutrients. The demand for healthier food is due to increasing health awareness, changing lifestyles, and social and environmental concerns. Soybean oil is integral to healthier food choices owing to its reduced saturated fat content and abundant omega-3 and omega-6 fatty acids promote better heart health and overall wellness. For instance, in May 2023, according to the International Food Information Council (IFIC), a US-based nonprofit organization focused on food and health research, its annual Food and Health Survey found that 52% of American adults reported following a specific eating pattern or diet in 2023, with the share among boomers rising to 41% up from 29% in 2022, and the most common eating patterns reported were high protein at 18%, mindful eating at 17%, calorie counting at 12%, clean eating at 12%, and intermittent fasting at 12%. Therefore, the growing demand for healthier food options is driving the growth of the soybean oil industry.

Global Soybean Oil Market Trends and Insights

Major companies operating in the soybean oil market are focusing on a strategic partnership approach to be competitive in the market. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in July 2023, the Missouri Soybean Merchandising Council (MSMC), a US-based organization that directs the investment of Missouri soy checkoff, and Seedway LLC, a US-based seed company, made a new licensing agreement to mark a significant advancement for SOYLEIC soybean cultivation, making non-GMO high oleic soybean oil more readily available throughout the United States. This expansion will address the growing need for superior-quality oils in response to rising demand by expanding soybean production in New York and Ohio to boost the supply and accessibility of heart-healthy, high-oleic soybean oil.

What Are Latest Mergers And Acquisitions In The Soybean Oil Market?

In March 2024, Bunge Global SA, a US–based agribusiness company, partnered with Chevron Corporation to build a new oilseed-processing plant aimed at expanding the production of vegetable oils for renewable fuel feedstocks. With this collaboration, Bunge Global SA and Chevron Corporation aim to integrate Bunge’s oilseed-processing capacity with Chevron’s fuels business to improve processing efficiency and capacity, streamline the supply of renewable-oil feedstocks, and deliver a more sustainable, scalable supply of vegetable oils and protein meals for feed and fuel markets. Chevron Corporation is a US–based energy company specializing in petroleum exploration and production and in developing and marketing renewable transportation fuels.

Regional Outlook

North America was the largest region in the soybean oil market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada

What Defines the Soybean Oil Market?

The soybean oil market consists of sales of soybean cooking oil, biodiesel, soybean oil blends, and crude soybean oil. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Soybean Oil Market Report 2026?

The soybean oil market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the soybean oil industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.