The forecast for soybean oil non-food uses in Canada remains steady at 5.0 thousand metric tons annually from 2024 to 2028. This stability indicates no projected growth or decline in the soybean oil non-food sector, with the 2023 levels also recorded at 5.0 thousand metric tons. As no variation is observed from year to year, the compound annual growth rate (CAGR) over this period is zero.

Future trends to watch for include:

Emerging biofuel technologies, which could increase demand for sustainable oil sources.
Regulatory changes in Canada's environmental policies that could affect non-food oil uses.
Potential shifts in consumer preferences towards eco-friendly products that may tap into soybean oil's versatility beyond food applications.