Soybean Oil Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Soybean Oil Consumption By Country and it is Segmented by Application (Food, Animal Feed, and Industrial) and Geography.

Soybean Oil Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Soybean Oil Market Size

Soybean Oil Market Overview
Study Period 2019 - 2030
Market Size (2025) USD 103.27 Billion
Market Size (2030) USD 172.76 Billion
CAGR (2025 - 2030) 10.84 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration High

Major Players

Soybean Oil Market Key Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Soybean Oil Market with other markets in Food & Beverage Industry

Beverages

Food

Food Ingredients and Food Additives

Food Supplements

Soybean Oil Market Analysis

The Soybean Oil Market size is estimated at USD 103.27 billion in 2025, and is expected to reach USD 172.76 billion by 2030, at a CAGR of 10.84% during the forecast period (2025-2030).

  • The growing awareness among consumers regarding the advantages of soybean oil, in comparison to other vegetable edible oils, has driven its demand significantly.
  • China, the United States, Brazil, and India are the major countries in the world that consume soybean oil.
  • Low cost, easy availability, and the eco-friendly nature of soybean oil have further facilitated its use in various sectors, such as food, industrial, and feed. Soybean oil is also used in various food and industrial applications, such as for production of caulks and mastics, which are useful as adhesives or sealants.

Soybean Oil Industry Overview

The global soybean oil market is consolidated, with the major players holding a prominent share in the market. The versatility of soybean oil is expected to emerge as an opportunity, and thereby, attract many manufacturers in the food products sector across the world. The major players in the market are Cargill Inc., Bungee Limited, ADM, and Associated British Foods PLC.

Soybean Oil Market Leaders

  1. ADM

  2. Associated British Foods plc

  3. Bungee Limited

  4. Cargill, Incorporated.

  5. *Disclaimer: Major Players sorted in no particular order
ADM, Associated British Foods plc, Bungee Limited, Cargill, Incorporated.
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Soybean Oil Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

  • 3.1 Market Overview

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Application
    • 5.1.1 Food
    • 5.1.1.1 Spreads
    • 5.1.1.2 Bakery and Confectionery
    • 5.1.1.3 Other Applications
    • 5.1.2 Animal Feed
    • 5.1.3 Industrial
  • 5.2 Geography
    • 5.2.1 North America
    • 5.2.1.1 United States
    • 5.2.1.2 Canada
    • 5.2.1.3 Mexico
    • 5.2.1.4 Rest of North America
    • 5.2.2 Europe
    • 5.2.2.1 United Kingdom
    • 5.2.2.2 Germany
    • 5.2.2.3 France
    • 5.2.2.4 Italy
    • 5.2.2.5 Spain
    • 5.2.2.6 Russia
    • 5.2.2.7 Rest of Europe
    • 5.2.3 Asia-Pacific
    • 5.2.3.1 China
    • 5.2.3.2 Japan
    • 5.2.3.3 India
    • 5.2.3.4 Australia
    • 5.2.3.5 Rest of Asia-Pacific
    • 5.2.4 South America
    • 5.2.4.1 Brazil
    • 5.2.4.2 Argentina
    • 5.2.4.3 Rest of South America
    • 5.2.5 Middle-East & Africa
    • 5.2.5.1 South Africa
    • 5.2.5.2 Saudi Arabia
    • 5.2.5.3 Rest of Middle-East & Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Most Active Companies
  • 6.2 Most Adopted Strategies
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles
    • 6.4.1 Archer Daniels Midland Company
    • 6.4.2 Associated British Foods PLC
    • 6.4.3 Bungee Limited
    • 6.4.4 Cargill Incorporated
    • 6.4.5 Corteva
    • 6.4.6 Olam International
    • 6.4.7 Wilmar International Ltd
    • 6.4.8 Granol
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Soybean Oil Industry Segmentation

The global soybean oil market is segmented by application into the food, animal feed, and industrial sectors. Food applications are further sub-segmented into spreads, bakery, confectionery, and other applications. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, and Middle-East & Africa.

By Application Food Spreads
Bakery and Confectionery
Other Applications
Animal Feed
Industrial
Geography North America United States
Canada
Mexico
Rest of North America
Europe United Kingdom
Germany
France
Italy
Spain
Russia
Rest of Europe
Asia-Pacific China
Japan
India
Australia
Rest of Asia-Pacific
South America Brazil
Argentina
Rest of South America
Middle-East & Africa South Africa
Saudi Arabia
Rest of Middle-East & Africa
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Soybean Oil Market Research FAQs

How big is the Soybean Oil Market?

The Soybean Oil Market size is expected to reach USD 103.27 billion in 2025 and grow at a CAGR of 10.84% to reach USD 172.76 billion by 2030.

What is the current Soybean Oil Market size?

In 2025, the Soybean Oil Market size is expected to reach USD 103.27 billion.

Who are the key players in Soybean Oil Market?

ADM, Associated British Foods plc, Bungee Limited and Cargill, Incorporated. are the major companies operating in the Soybean Oil Market.

Which is the fastest growing region in Soybean Oil Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Soybean Oil Market?

In 2025, the North America accounts for the largest market share in Soybean Oil Market.

What years does this Soybean Oil Market cover, and what was the market size in 2024?

In 2024, the Soybean Oil Market size was estimated at USD 92.08 billion. The report covers the Soybean Oil Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Soybean Oil Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Soybean Oil Industry Report

The global soybean oil market is witnessing remarkable growth, fueled by its widespread use in the food industry for cooking, frying, and baking, alongside applications in margarine, mayonnaise, salad dressings, and snack foods. This surge is attributed to the increasing health consciousness among consumers, driving demand for healthier, sustainable food options and boosting soybean oil's popularity in the cosmetic industry due to its moisturizing properties. Additionally, its use in biodiesel production underscores its versatility and eco-friendly appeal. The market's expansion is further supported by the rising number of restaurants, cafes, hotels, and fast-food chains, coupled with its growing use in skincare products. Soybean oil producers are actively working to meet this escalating demand, propelled by the oil's broad applications and the shift towards plant-based oils among health-conscious consumers. According to Mordor Intelligence™ Industry Reports, the soybean oil market is poised for further growth, with detailed statistics on market share, size, revenue growth rate, and a forecast outlook available in a free report PDF download, offering a comprehensive analysis of the market's potential.