Forecast: Soybean Oil Non-food Uses in Japan

In 2023, the use of soybean oil for non-food purposes in Japan stood at a certain level, providing a baseline for the following years. The forecast indicates a steady demand in 2024 and 2025, with usage at 6.0 thousand metric tons each year. In 2026, an increase to 7.0 thousand metric tons is expected, with this level maintained through 2028. This shows a year-on-year growth of 16.67% from 2025 to 2026. Over the forecast period, the compound annual growth rate (CAGR) reflects a consistent upward trajectory.

Future trends to watch for include:

  • The development of new technologies and industrial processes that may increase or decrease demand for non-food uses of soybean oil.
  • Sustainability and environmental policies that could affect production and usage patterns.
  • Economic factors influencing the cost and availability of soybean oil.

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