- Soybean oil, extracted from soybeans, is a versatile cooking oil prized for its neutral flavor and high smoke point. It is widely used in food processing, frying, and salad dressings, and it's also a common ingredient in margarine and shortening. Nutritionally, it is rich in polyunsaturated fats and vitamin E, making it a popular choice for health-conscious consumers
- The market growth is primarily driven by increasing demand for plant-based and sustainable cooking oils, rapid expansion of the food processing sector, and a global shift toward healthier dietary habits that favor oils low in saturated fat
- Asia-Pacific dominated the soybean oil market with a share of 47.02% in 2024, due to high population density, rising disposable incomes, and a growing preference for affordable vegetable oils in daily cooking
- North America is expected to be the fastest growing region in the soybean oil market during the forecast period due to strong demand for vegetable oils in processed foods, plant-based products, and commercial kitchens
- Conventional soybean oil segment dominated the market with a market share of 86.2% in 2024, due to its long-standing use in both domestic and industrial applications. Its affordability, high availability, and refined taste make it the preferred choice for food processing companies, fast-food chains, and households alike. In developing countries, where price sensitivity remains high, conventional soybean oil continues to meet large-scale demand. Its consistent quality, neutral flavor, and stability under heat further position it as a versatile oil for frying, baking, and sautéin
