United States Soybean Oil Market Size Worth 16.0 Million Tons by 2033| CAGR 2.5%

Manya kaur
Dec 27, 2024
4 min read

Soybean Oil Market - United States

Market Statistics

Market Size in 2024: 12.6 Million Tons

Market Forecast in 2033: 16.0 Million Tons

Market Growth Rate: 2.5% (2025-2033)

According to the latest report by IMARC Group, the U.S. soybean oil market size reached 12.6 Million Tons in 2024. Looking forward, IMARC Group expects the market to reach 16.0 Million Tons by 2033, exhibiting a growth rate (CAGR) of 2.5% during 2025-2033. The market is experiencing steady growth, driven by increasing demand in food, biofuel, and industrial applications. Advancements in production efficiency and a strong domestic supply chain are fueling market expansion. With a robust outlook, the sector continues to capitalize on evolving consumer preferences and sustainability trends.

United States Soybean Oil Industry Trends and Drivers:

United States Soybean Oil Market Report: Key Insights into End Uses and Regional Growth (2025-2033)

Overview

The U.S. soybean oil market is experiencing robust growth due to shifting consumer preferences toward healthier and more sustainable food options.

Market size reached 12.6 million tons in 2024 and is projected to grow steadily.

Key growth drivers include the rising adoption of plant-based diets, increased awareness of health benefits, and demand for organic products.

Key Market Trends and Dynamics

1. Food Sector

Staple Ingredient: Widely used in processed foods, snacks, and cooking oils for its affordability and versatility.

Health-Conscious Shift: Growing demand for non-GMO and organic soybean oil as consumers seek healthier alternatives.

Cooking Applications: Popular for frying due to its high smoke point, catering to both home kitchens and commercial establishments.

2. Animal Feed Sector

Nutritional Value: Essential source of energy and fatty acids for livestock diets.

Growing Demand: Expansion of animal agriculture and global consumption of meat, dairy, and eggs driving soybean oil usage in feed.

Performance Enhancement: Incorporated into feed to improve livestock growth rates and nutritional quality.

3. Industrial Applications

Biodiesel Production: A key feedstock for bio-based energy products, supported by government renewable energy initiatives.

Sustainable Alternatives: Used in eco-friendly products like lubricants, paints, and chemicals, aligning with environmental regulations.

Expanding Use Cases: Rising adoption of soybean oil for industrial applications due to its renewable and sustainable properties.

Regional Insights

Midwest Dominance:

Largest producer of soybeans, ensuring ample supply for domestic and international markets.

Regional growth driven by the area's pivotal role in soybean cultivation.

National Growth:

Broad consumer awareness and shifting preferences fueling demand across all states.

Global Export Potential:

Increasing international demand for plant-based oils positions U.S. producers to capitalize on global market trends.

E-Commerce Expansion

Accessibility: Online platforms provide a broader selection of soybean oil products at competitive prices.

Convenience: Growth of online retail enhances market reach and consumer convenience.

Future Role: E-commerce expected to be a significant distribution channel for the soybean oil market.

Future Outlook

Sustained Growth: The U.S. soybean oil market is poised for steady expansion across food, feed, and industrial sectors.

Health and Sustainability: Rising consumer demand for healthier and eco-friendly options driving innovation.

Industrial Evolution: Increased adoption in biodiesel and renewable energy sectors.

Market Adaptability: Soybean oil continues to align with trends in plant-based diets and sustainable practices.

Key Growth Drivers

Health-Conscious Consumer Trends: Preference for organic, non-GMO, and plant-based oils.

Vegan and Vegetarian Diets: Versatility of soybean oil in plant-based products.

Sustainability: Growing demand for eco-friendly industrial products like biodiesel.

E-Commerce: Online retail platforms broadening market accessibility.

Conclusion:The U.S. soybean oil market is well-positioned for sustained growth due to its adaptability and alignment with health-conscious, sustainable, and plant-based trends. With expanding applications across food, animal feed, and industrial sectors, the market is set to play a vital role in shaping future consumer and industrial practices.

Download sample copy of the Report: https://www.imarcgroup.com/united-states-soybean-oil-market/requestsample

United States Soybean Oil Industry Segmentation:

The report has segmented the market into the following categories:

End Use Insights:

Food
Feed
Industrial
Regional Insights:
Northeast
Midwest
South
West

Competitive Landscape:The competitive landscape of the industry has also been examined along with the profiles of the key players.

Request for customization: https://www.imarcgroup.com/request?type=report&id=11070&flag=F

Key highlights of the Report:

Market Performance (2018-2023)
Market Outlook (2024-2032)
COVID-19 Impact on the Market
Porter’s Five Forces Analysis
Strategic Recommendations
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Structure of the Market
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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