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Soybean Oil Market Outlook 2022 - 2026

Daily Updated Industry Statistics and Top Emerging Trends about the Soybean Oil Industry

Global Soybean Oil Trends in 2022

Soybean Oil is part of Edible Oil. You may also be interested in Olive Oil, Sunflower Oil and Cottonseed Oil.

Global demand for soybean oil is expected to reach 24.1 million metric tons by 2026, a 0.7% annual growth rate since 2021, when it was 23.2 million metric tons. Since 2017, demand has increased by 0.9% annually. In 2021, the US was the largest consumer of soybean oil with 4.6 million metric tons, followed by China, India and Brazil. Belarus saw a 10.1% increase year-on-year, while Latvia saw a 100% decrease since 2017. Global production of soybean oil is estimated to reach 69.3 million metric tons by 2026, a 2% annual growth rate since 2021, when it was 61.7 million metric tons. Since 1966, production has grown 3.6% each year. In 2021, China was the chief producer of soybean oil with 18.7 million metric tons, followed by the US, Brazil and Argentina. The Dominican Republic experienced a 39.3% increase year-on-year, while Croatia saw a 61.4% decrease since 1966.

Top 10 countries

In 2022 major markets in the Soybean Oil Industry were:

Soybean Oil Market Data and Forecasts

How much the Soybean Oil industry is expected to grow to 2026?

Forecast: Soybean Oil Market Size Volume in the World
Forecast: Soybean Oil Production in the World
Forecast: Soybean Oil Market Size Volume in Estonia
Forecast: Soybean Oil Market Size Volume in European Union (27)
Forecast: Soybean Oil Market Size Volume in Romania
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What are the world's biggest Soybean Oil markets?

Global Soybean Oil Market Size Volume by Country
Global Soybean Oil Production by Country
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Global Soybean Oil Statistics

Global Soybean Oil Industry Database