The forecast for soybean oil domestic food consumption in South Korea indicates a steady increase from 508.0 thousand metric tons in 2024 to 540.0 thousand metric tons by 2028. This represents an approximate average annual growth rate (CAGR) of 1.52% over the five-year period. The year-on-year variations show consistent growth of about 1.6% each year.
Given that these are forecasted values, it will be important to monitor key factors influencing this trend. These include changes in dietary preferences, import-export policies affecting the availability of soybean oil, and potential advancements in alternative oils or substitutes. Observing these elements will provide crucial insights into future consumption patterns.
