Global Soybean Oil Market Size and Forecast 2025–2033. AI-Generated.
Introduction
The global soybean oil market is entering a powerful growth phase, driven by changing dietary preferences, expanding industrial applications, and the accelerating shift toward renewable energy sources. According to Renub Research, the Soybean Oil Market is expected to reach US$ 229.06 billion by 2033, up from US$ 89.91 billion in 2024, growing at a strong CAGR of 10.95% from 2025 to 2033. This impressive trajectory reflects not only the rising demand for plant-based oils but also soybean oil’s expanding role in biodiesel production, food processing, and non-food industrial uses.