World - Soybean Oil - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

World - Soybean Oil - Market Analysis, Forecast, Size, Trends and Insights

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Soybean Oil Producers

Soybean oil is one of the most commonly used cooking oils worldwide. It is derived from soybeans through a process of extraction and refining. Soybean oil producers play a vital role in the production and distribution of this versatile oil.

There are numerous soybean oil producers across the globe, with the top producers being the United States, Brazil, Argentina, China, and India. These countries have a favorable climate and a significant amount of arable land, making them well-suited for soybean cultivation.

The United States is the largest producer of soybean oil, accounting for a substantial portion of global production. The country benefits from a large agricultural sector and advanced farming techniques. Brazil and Argentina are also major producers due to their vast expanses of land and favorable agricultural conditions.

China and India are major players in the soybean oil industry due to their large populations and high demand for cooking oils. Both countries have a significant domestic market for soybean oil, and they also export to other countries.

Soybean oil producers typically operate in a vertically integrated manner. This means that they are involved in every stage of the production process, from cultivating soybeans to refining and packaging the oil. Producers often have their own farmlands where they grow soybeans, ensuring a steady supply of raw materials.

The production process of soybean oil involves several steps. It begins with the cultivation of soybeans, which are planted, grown, and harvested. The harvested soybeans are then cleaned and conditioned to remove any impurities. Next, the beans are dehulled and cracked to separate the hulls from the cotyledon, the part of the soybean used to produce oil.

The cotyledon is then further processed through mechanical or solvent extraction methods. Mechanical extraction involves pressing the soybean flakes to extract the oil, while solvent extraction uses a chemical solvent to separate the oil from the soybean meal. The extracted oil is then refined, which involves processes such as degumming, neutralization, bleaching, and deodorization to remove impurities and improve the quality of the oil.

Soybean oil producers also ensure that the oil meets industry standards and regulations regarding quality, safety, and labeling. This involves conducting quality control tests and inspections throughout the production process. Producers often have their own laboratories and quality control teams to monitor and ensure the consistent quality of their soybean oil.

Once the oil is refined and meets the necessary standards, it is packaged and distributed to various markets. Soybean oil is a versatile product used in a wide range of applications, including cooking, frying, baking, and salad dressings. It is also used in the food processing industry for products such as margarine, mayonnaise, and snack foods.

Overall, soybean oil producers play a crucial role in the production and distribution of soybean oil. They contribute to meeting the global demand for cooking oils and ensure a steady supply of high-quality oil to consumers around the world.

This report provides an in-depth analysis of the global soybean oil market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • FCL 237 - Oil of Soybeans

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam
  12. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023
Store
Blog
Event
Soybean Oil Prices to Gain 4% in 2022 Due to Boosting Demand for Biofuels
Jan 11, 2022
Eye 1299

In 2022, soybean oil prices are forecast to rise by nearly 4% to $1,425 per ton, driven by boosting demand for biofuels. In 2021, the average annual soybean oil price skyrocketed, rising 65% y-o-y to $1,385 per ton. India remains the world’s largest soybean oil importer, while Argentina holds the position of the leading global supplier. 

The Global Soybean Oil Market Continues to Grow Despite Languishing Demand for Biodiesel During the Pandemic
Apr 12, 2021
Eye 1031

The soybean oil market indicates steady growth, despite the COVID-19 pandemic cut demand for biofuel. The competitive price of soybean oil, against the price for sunflower and palm oil, combined with the potential growth in demand for biofuels and increasingly robust environmental standards, signal tangible prospects for the further development of the soybean oil market. 

Which Country Consumes the Most Soya-bean Oil in the World?
Feb 9, 2018
Eye 2191

Global soybean oil consumption amounted to X thousand tons in 2015, picking up by +X% against the previous year level.

Which Country Exports the Most Soya-bean Oil in the World?
Feb 1, 2018
Eye 3597

Global soybean oil exports amounted to X thousand tons in 2015, picking up by +X% against the previous year level.

Which Country Imports the Most Soya-bean Oil in the World?
Jan 25, 2018
Eye 3586

Global soybean oil imports amounted to X thousand tons in 2015, jumping by +X% against the previous year level.

Which Country Produces the Most Soybean Oil in the World?
Nov 21, 2017
Eye 4157

In 2015, the countries with the highest levels of production were China (X thousand tons), the United States (X thousand tons), Brazil (X thousand tons), together accounting for X% of total output.

Soybean Oil Market - Argentina is the Largest Global Soya-Bean Oil Exporter despite 15% Drop in 2014
Oct 1, 2015
Eye 2601

Argentina leads the way in the global soya-bean oil trade. In 2014, Argentina exported X thousand tons of soya-bean oil totaling X million USD, X% under the previous year. Its primary trading partner was India, where it supplied X% of its t

World's Best Import Markets for Crude Soybean Oil
Mar 7, 2024
Eye 157

Explore the top import markets for crude soybean oil in 2023, including key statistics and import values. Learn about the leading countries driving the global soybean oil market.

Free Data: Soya-Bean Oil - World