In 2023, the non-food use of soybean oil in the US stood at approximately 1.71 million metric tons. With the forecasted data from 2024 to 2028 showing a steady increase, the growth trend is significant. The year-on-year variations indicate a consistent upward trajectory, with each year seeing a growth of around 3.5%. The compound annual growth rate (CAGR) for the period 2024-2028 is projected at approximately 3.2%.

Future trends to watch for include:

The impact of biofuel policies on soybean oil demand.
Technological advancements in waste oil recycling that might affect consumption rates.
Potential shifts in the market due to economic factors or agricultural policy changes.