The domestic industrial consumption of soybean oil in Thailand is forecasted to grow steadily from 51.0 thousand metric tons in 2024 and 2025 to 53.0 thousand metric tons by 2027 and 2028. This indicates a year-on-year growth rate of approximately 1.96% in 2026 and 1.92% in 2027, stabilizing in 2028. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is approximately 1.92%.
Future trends to watch for include the impact of technological advancements in the food industry, sustainable sourcing initiatives, and changing consumer preferences towards health-conscious products. Monitoring fluctuations in soybean supply and global market dynamics will also be crucial for trend analysis and strategic planning.
