Product Code: ETC13354304 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Refined Soybean Oil Market was valued at USD 25 Billion in 2024 and is expected to reach USD 36.13 Billion by 2031, growing at a compound annual growth rate of 4.26% during the forecast period (2025-2031).
The Global Refined Soybean Oil Market is experiencing steady growth driven by increasing consumer awareness regarding the health benefits of soybean oil, such as its high unsaturated fat content and Vitamin E content. The market is also influenced by the growing demand for vegetable oils in the food industry, especially in emerging economies. Key players in the market are focusing on product innovation, such as introducing non-GMO and organic variants, to cater to the evolving consumer preferences. The market is highly competitive, with major players investing in expanding their production capacities and distribution networks to meet the rising demand. Additionally, the market is witnessing a shift towards sustainable practices and transparent supply chains to meet the growing consumer demand for ethically sourced and environmentally friendly products.
The Global Refined Soybean Oil Market is witnessing a growing demand due to the increasing awareness about the health benefits of soybean oil, such as its high levels of unsaturated fats and omega-3 fatty acids. The market is also benefiting from the rising adoption of soybean oil in various food products, including snacks, baked goods, and ready-to-eat meals, driven by the growing consumer preference for healthier options. Additionally, the expanding application of refined soybean oil in the cosmetics and personal care industry is creating new opportunities for market growth. With the increasing focus on sustainable sourcing and production practices, there is a trend towards the use of non-GMO and organic soybean oil, presenting manufacturers with the opportunity to cater to the evolving consumer preferences and enhance their market presence.
In the Global Refined Soybean Oil Market, challenges arise due to factors such as fluctuating prices of raw soybeans, geopolitical tensions affecting trade, increasing competition from alternative vegetable oils, and changing consumer preferences towards healthier cooking oils. Additionally, regulatory changes and sustainability concerns related to soybean cultivation and processing also pose challenges for market players. Ensuring a consistent and high-quality supply chain, managing production costs amid price volatility, and differentiating products in a crowded market are key challenges faced by participants in the global refined soybean oil industry. Adapting to evolving market dynamics, maintaining competitive pricing strategies, and innovating to meet consumer demands for sustainable and healthy products are crucial for companies to navigate the challenges and succeed in this competitive market.
The global refined soybean oil market is primarily driven by the increasing demand for healthier cooking oils due to rising health consciousness among consumers. Refined soybean oil is considered a healthier option compared to other cooking oils due to its lower saturated fat content and high levels of unsaturated fats such as omega-3 and omega-6 fatty acids. Additionally, the growing awareness about the benefits of soybean oil in reducing cholesterol levels and preventing heart diseases is driving its consumption. The versatility of refined soybean oil in various culinary applications, its affordability, and the expanding food industry are also significant factors contributing to the market growth. Furthermore, the increasing adoption of soybean oil in the food processing sector and the rising trend of plant-based diets are further boosting the demand for refined soybean oil globally.
Government policies related to the Global Refined Soybean Oil Market primarily focus on trade regulations, agricultural subsidies, and food safety standards. Countries often implement import/export tariffs to protect domestic industries or ensure food security. Additionally, agricultural subsidies may impact soybean oil production and pricing, influencing global market dynamics. Governments also set food safety standards to regulate the quality and labeling of refined soybean oil products, ensuring consumer protection. These policies can have significant implications for market participants, influencing supply chains, pricing, and competition within the global refined soybean oil market. Compliance with these regulations is essential for market players to navigate the complex landscape of international trade and regulatory requirements.
The Global Refined Soybean Oil Market is expected to witness steady growth in the coming years due to increasing consumer awareness about the health benefits of soybean oil, its versatile applications in various industries, and the expanding food industry worldwide. The rising demand for healthy cooking oils, especially in emerging economies, coupled with the growing popularity of plant-based diets, is driving the market growth. Additionally, the increasing focus on sustainable and environmentally friendly sourcing practices in the food industry is likely to further boost the demand for refined soybean oil. However, fluctuating soybean prices, regulatory challenges, and competition from alternative oils may pose challenges to market growth. Overall, technological advancements, product innovations, and strategic collaborations are expected to shape the future of the Global Refined Soybean Oil Market.
In the Global Refined Soybean Oil Market, Asia holds the largest market share due to the high consumption of soybean oil in countries like China and India for cooking purposes. North America follows closely behind with a strong demand for soybean oil in the food processing industry. In Europe, the market is driven by increasing awareness about the health benefits of soybean oil and its use in various food products. The Middle East and Africa region is witnessing growth in the refined soybean oil market due to the expanding food and beverage sector. Latin America is a key player in soybean oil production, with countries like Brazil and Argentina leading the way in supplying refined soybean oil to global markets.
Global Refined Soybean Oil Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Refined Soybean Oil Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Refined Soybean Oil Market Revenues & Volume, 2021 & 2031F |
3.3 Global Refined Soybean Oil Market - Industry Life Cycle |
3.4 Global Refined Soybean Oil Market - Porter's Five Forces |
3.5 Global Refined Soybean Oil Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Refined Soybean Oil Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Refined Soybean Oil Market Revenues & Volume Share, By Processing Method, 2021 & 2031F |
3.8 Global Refined Soybean Oil Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Global Refined Soybean Oil Market Revenues & Volume Share, By End User, 2021 & 2031F |
3.10 Global Refined Soybean Oil Market Revenues & Volume Share, By Packaging Type, 2021 & 2031F |
4 Global Refined Soybean Oil Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Refined Soybean Oil Market Trends |
6 Global Refined Soybean Oil Market, 2021 - 2031 |
6.1 Global Refined Soybean Oil Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Refined Soybean Oil Market, Revenues & Volume, By Expeller-Pressed, 2021 - 2031 |
6.1.3 Global Refined Soybean Oil Market, Revenues & Volume, By Solvent-Extracted, 2021 - 2031 |
6.1.4 Global Refined Soybean Oil Market, Revenues & Volume, By Cold-Pressed, 2021 - 2031 |
6.1.5 Global Refined Soybean Oil Market, Revenues & Volume, By Hydrogenated Soybean Oil, 2021 - 2031 |
6.1.6 Global Refined Soybean Oil Market, Revenues & Volume, By Organic Refined Oil, 2021 - 2031 |
6.2 Global Refined Soybean Oil Market, Revenues & Volume, By Processing Method, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Refined Soybean Oil Market, Revenues & Volume, By Mechanical Press, 2021 - 2031 |
6.2.3 Global Refined Soybean Oil Market, Revenues & Volume, By Chemical Solvent, 2021 - 2031 |
6.2.4 Global Refined Soybean Oil Market, Revenues & Volume, By No Heat, 2021 - 2031 |
6.2.5 Global Refined Soybean Oil Market, Revenues & Volume, By Hydrogenation, 2021 - 2031 |
6.2.6 Global Refined Soybean Oil Market, Revenues & Volume, By Natural Processing, 2021 - 2031 |
6.3 Global Refined Soybean Oil Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Refined Soybean Oil Market, Revenues & Volume, By Cooking, 2021 - 2031 |
6.3.3 Global Refined Soybean Oil Market, Revenues & Volume, By Biodiesel, 2021 - 2031 |
6.3.4 Global Refined Soybean Oil Market, Revenues & Volume, By Pharmaceuticals, 2021 - 2031 |
6.3.5 Global Refined Soybean Oil Market, Revenues & Volume, By Industrial Use, 2021 - 2031 |
6.3.6 Global Refined Soybean Oil Market, Revenues & Volume, By Cosmetics, 2021 - 2031 |
6.4 Global Refined Soybean Oil Market, Revenues & Volume, By End User, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Refined Soybean Oil Market, Revenues & Volume, By Food & Beverage, 2021 - 2031 |
6.4.3 Global Refined Soybean Oil Market, Revenues & Volume, By Energy Industry, 2021 - 2031 |
6.4.4 Global Refined Soybean Oil Market, Revenues & Volume, By Healthcare, 2021 - 2031 |
6.4.5 Global Refined Soybean Oil Market, Revenues & Volume, By Chemical Industry, 2021 - 2031 |
6.4.6 Global Refined Soybean Oil Market, Revenues & Volume, By Cosmetics, 2021 - 2031 |
6.5 Global Refined Soybean Oil Market, Revenues & Volume, By Packaging Type, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Refined Soybean Oil Market, Revenues & Volume, By Bottles, 2021 - 2031 |
6.5.3 Global Refined Soybean Oil Market, Revenues & Volume, By Drums, 2021 - 2031 |
6.5.4 Global Refined Soybean Oil Market, Revenues & Volume, By Sachets, 2021 - 2031 |
6.5.5 Global Refined Soybean Oil Market, Revenues & Volume, By Bulk Drums, 2021 - 2031 |
6.5.6 Global Refined Soybean Oil Market, Revenues & Volume, By Tins, 2021 - 2031 |
7 North America Refined Soybean Oil Market, Overview & Analysis |
7.1 North America Refined Soybean Oil Market Revenues & Volume, 2021 - 2031 |
7.2 North America Refined Soybean Oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Refined Soybean Oil Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Refined Soybean Oil Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Refined Soybean Oil Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Refined Soybean Oil Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Refined Soybean Oil Market, Revenues & Volume, By Processing Method, 2021 - 2031 |
7.5 North America Refined Soybean Oil Market, Revenues & Volume, By Application, 2021 - 2031 |
7.6 North America Refined Soybean Oil Market, Revenues & Volume, By End User, 2021 - 2031 |
7.7 North America Refined Soybean Oil Market, Revenues & Volume, By Packaging Type, 2021 - 2031 |
8 Latin America (LATAM) Refined Soybean Oil Market, Overview & Analysis |
8.1 Latin America (LATAM) Refined Soybean Oil Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Refined Soybean Oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Refined Soybean Oil Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Refined Soybean Oil Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Refined Soybean Oil Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Refined Soybean Oil Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Refined Soybean Oil Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Refined Soybean Oil Market, Revenues & Volume, By Processing Method, 2021 - 2031 |
8.5 Latin America (LATAM) Refined Soybean Oil Market, Revenues & Volume, By Application, 2021 - 2031 |
8.6 Latin America (LATAM) Refined Soybean Oil Market, Revenues & Volume, By End User, 2021 - 2031 |
8.7 Latin America (LATAM) Refined Soybean Oil Market, Revenues & Volume, By Packaging Type, 2021 - 2031 |
9 Asia Refined Soybean Oil Market, Overview & Analysis |
9.1 Asia Refined Soybean Oil Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Refined Soybean Oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Refined Soybean Oil Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Refined Soybean Oil Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Refined Soybean Oil Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Refined Soybean Oil Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Refined Soybean Oil Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Refined Soybean Oil Market, Revenues & Volume, By Processing Method, 2021 - 2031 |
9.5 Asia Refined Soybean Oil Market, Revenues & Volume, By Application, 2021 - 2031 |
9.6 Asia Refined Soybean Oil Market, Revenues & Volume, By End User, 2021 - 2031 |
9.7 Asia Refined Soybean Oil Market, Revenues & Volume, By Packaging Type, 2021 - 2031 |
10 Africa Refined Soybean Oil Market, Overview & Analysis |
10.1 Africa Refined Soybean Oil Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Refined Soybean Oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Refined Soybean Oil Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Refined Soybean Oil Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Refined Soybean Oil Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Refined Soybean Oil Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Refined Soybean Oil Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Refined Soybean Oil Market, Revenues & Volume, By Processing Method, 2021 - 2031 |
10.5 Africa Refined Soybean Oil Market, Revenues & Volume, By Application, 2021 - 2031 |
10.6 Africa Refined Soybean Oil Market, Revenues & Volume, By End User, 2021 - 2031 |
10.7 Africa Refined Soybean Oil Market, Revenues & Volume, By Packaging Type, 2021 - 2031 |
11 Europe Refined Soybean Oil Market, Overview & Analysis |
11.1 Europe Refined Soybean Oil Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Refined Soybean Oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Refined Soybean Oil Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Refined Soybean Oil Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Refined Soybean Oil Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Refined Soybean Oil Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Refined Soybean Oil Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Refined Soybean Oil Market, Revenues & Volume, By Processing Method, 2021 - 2031 |
11.5 Europe Refined Soybean Oil Market, Revenues & Volume, By Application, 2021 - 2031 |
11.6 Europe Refined Soybean Oil Market, Revenues & Volume, By End User, 2021 - 2031 |
11.7 Europe Refined Soybean Oil Market, Revenues & Volume, By Packaging Type, 2021 - 2031 |
12 Middle East Refined Soybean Oil Market, Overview & Analysis |
12.1 Middle East Refined Soybean Oil Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Refined Soybean Oil Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Refined Soybean Oil Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Refined Soybean Oil Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Refined Soybean Oil Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Refined Soybean Oil Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Refined Soybean Oil Market, Revenues & Volume, By Processing Method, 2021 - 2031 |
12.5 Middle East Refined Soybean Oil Market, Revenues & Volume, By Application, 2021 - 2031 |
12.6 Middle East Refined Soybean Oil Market, Revenues & Volume, By End User, 2021 - 2031 |
12.7 Middle East Refined Soybean Oil Market, Revenues & Volume, By Packaging Type, 2021 - 2031 |
13 Global Refined Soybean Oil Market Key Performance Indicators |
14 Global Refined Soybean Oil Market - Export/Import By Countries Assessment |
15 Global Refined Soybean Oil Market - Opportunity Assessment |
15.1 Global Refined Soybean Oil Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Refined Soybean Oil Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Refined Soybean Oil Market Opportunity Assessment, By Processing Method, 2021 & 2031F |
15.4 Global Refined Soybean Oil Market Opportunity Assessment, By Application, 2021 & 2031F |
15.5 Global Refined Soybean Oil Market Opportunity Assessment, By End User, 2021 & 2031F |
15.6 Global Refined Soybean Oil Market Opportunity Assessment, By Packaging Type, 2021 & 2031F |
16 Global Refined Soybean Oil Market - Competitive Landscape |
16.1 Global Refined Soybean Oil Market Revenue Share, By Companies, 2024 |
16.2 Global Refined Soybean Oil Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |