In 2023, China leads the global soybean oil food consumption at 21.46 million metric tons, followed by India at 5.6 million, and Brazil at 3.58 million. Smaller markets like Malaysia and Saudi Arabia consume less than 0.1 million each. The year-on-year trends reflect stable consumption without significant variation, indicating a consistent demand across these key markets.
Future trends to watch include potential increases in consumption from emerging economies as dietary preferences shift and the global focus on plant-based diets intensifies. Policy changes regarding renewable energy and food security may also impact soybean oil demand on the international stage.
Top countries in Soybean Oil for Food Consumption, Forecast 2021-2030 by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | |
|---|---|---|---|---|
| 1 | 1 China | 21,460 | 2030 | View data |
| 2 | 2 India | 5,600 | 2030 | View data |
| 3 | 3 Brazil | 3,580 | 2030 | View data |
| 4 | 4 Mexico | 1,460 | 2030 | View data |
| 5 | 5 Bangladesh | 1,380 | 2030 | View data |
| 6 | 6 Egypt | 887.3 | 2030 | View data |
| 7 | 7 Iran | 762.9 | 2030 | View data |
| 8 | 8 Pakistan | 680.95 | 2030 | View data |
| 9 | 9 Argentina | 541 | 2030 | View data |
| 10 | 10 South Korea | 534.11 | 2030 | View data |
