1

U.S. Soybean Oil Market Set to Reach $59.85 Billion by 2033

 2 days ago
source link: https://www.renub.com/us-soybean-oil-market-p.php
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
neoserver,ios ssh client

The United States Soybean Oil Market is projected to grow from $27.06 billion in 2024 to $59.85 billion by 2033, registering a CAGR of 9.22%. Rising demand for edible oils, processed foods, and healthier alternatives is driving this growth, alongside increasing industrial uses such as biodiesel and cosmetics.

Market Overview Soybean oil, derived from highly cultivated soybeans, is the most widely used cooking oil in the U.S. thanks to its neutral flavor, light consistency, and high smoke point. Beyond cooking, it is a key ingredient in snacks, bakery items, salad dressings, margarine, and spreads, while also serving as a base for biodiesel, lubricants, and cosmetics. The shift toward plant-based and healthier diets has further reinforced soybean oil’s popularity.

Growth Drivers

Health & Plant-Based Trends: Consumers prefer soybean oil for its low saturated fats and omega-3 content. Increasing vegan and vegetarian consumption drives consistent demand.

Processed Food & Foodservice Expansion: Soybean oil is widely used in quick-service restaurants, packaged foods, and ready-to-eat meals. Companies like Louis Dreyfus Company are expanding processing capacities to meet demand.

Industrial & Biofuel Applications: Rising use in biodiesel production and non-food industries like cosmetics stabilizes market growth and diversifies applications. Sustainability initiatives by USSEC and ASA further strengthen supply chains.

Challenges

Competition: Soybean oil faces strong competition from canola, sunflower, avocado, and olive oils.

Price & Supply Volatility: Crop yields, weather conditions, and trade policies can cause price fluctuations, impacting both producers and consumers.

Market Segments

Type: Conventional (leading), Organic (growing niche)

Applications: Cooking & frying, margarine & shortening, bakery products, salad dressings, and non-food applications

Regional Insights

California: High population and diverse food culture create strong demand in restaurants, foodservice, and organic retail.

New York: Urban and multicultural population drives demand for both conventional and organic oils.

Washington: Sustainability-focused consumer base supports organic and non-GMO soybean oil; biodiesel production further fuels demand.

Key Players Archer Daniels Midland Company, Wilmar International, AAK AB, Bunge Global SA, Cargill, DuPont, Unilever, Associated British Foods

With diverse applications, plant-based trends, and industrial demand, the U.S. soybean oil market is poised for sustained growth through 2033.


report

Recommend

About Joyk


Aggregate valuable and interesting links.
Joyk means Joy of geeK