North America Soybean Oil Market Size, Share, In-Depth Analysis, Opportunity Report by 2033

IMARC Group has recently released a new research study titled “North America Soybean Oil Market Report by End-Use (Food, Industrial, Feed), and Country 2025-2033”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

Market Overview

The North America soybean oil market size reached USD 9.0 Billion in 2024 and is projected to grow to USD 12.2 Billion by 2033. The market is expected to exhibit a CAGR of 3.1% during the forecast period from 2025 to 2033. Soybean oil, extracted from soybean seeds, is rich in proteins, vitamins, plant sterols, and fatty acids, promoting health benefits such as lowering cholesterol and improving immunity. North America Soybean Oil Market is driven by demand from both food and industrial applications.

Study Assumption Years

●     Base Year: 2024

●     Historical Years: 2019-2024

●     Forecast Period: 2025-2033

North America Soybean Oil Market Key Takeaways

●     Current Market Size: USD 9.0 Billion in 2024

●     CAGR: 3.1%

●     Forecast Period: 2025-2033

●     Soybean oil is used extensively in food products such as sauces, dressings, margarine, shortening, mayonnaise, potato chips, non-dairy creamers, and whipped toppings.

●     It aids in combating health issues including obesity, high cholesterol, and cardiovascular diseases, fueling demand due to rising health consciousness.

●     Beyond food, soybean oil is utilized in manufacturing animal feed, resins, caulks, mastics, plastics, biodiesel, and insecticides.

●     It serves as a sustainable alternative to petrochemicals across various industries.

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North America Soybean Oil Market Growth Factors

The North America soybean oil market growth is primarily driven by strong demand from the food industry, as soybean oil is extensively used across a wide range of applications including sauces, dressings, margarine, shortening, mayonnaise, potato chips, non-dairy creamers, and ice cream toppings, underscoring its critical role in food processing and consumption.

In addition to food uses, the nutritive value of soybean oil is increasing its value in the marketplace. Soybean oil contains proteins, vitamins, plant sterols and essential fatty acids. Soybean oil is known to prevent osteoporosis, maintain and improve functions of the eye and skin, and the body's immune system. It also reduces risks for brain disorders and lowers cholesterol levels. This health benefit has led to increased consumer knowledge and market development.

Soybean oil is also employed in the manufacture of animal feed, resins, caulks, mastics, plastics, biodiesel and insecticides. It is increasingly used in industrial applications as a renewable replacement for petrochemicals, in addition to its primary food application, providing a diversified stream of long-term demand for the product.

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North America Soybean Oil Market Segmentation

Breakup by End-Use

●     Food

●     Soybean oil is widely used in food processing, contributing essential nutrients and health benefits to products.

●     Industrial

●     Used in manufacturing animal feed, resins, caulks, mastics, plastics, biodiesel, and insecticides, soybean oil represents a sustainable industrial substitute.

●     Feed

●     Utilized in animal feed production, supporting the livestock industry.

Breakup by Country

●     United States

●     Key market in North America with significant consumption across food and industrial sectors.

●     Canada

●     Market with growing demand influenced by health consciousness and sustainable industrial applications.

●     Mexico

●     Emerging market contributing to regional growth through food and feed applications.

Regional Insights

The United States dominates the North America soybean oil market, reflecting significant demand in both food and industrial applications. The regional market size stood at USD 9.0 Billion in 2024 with a forecast CAGR of 3.1% from 2025 to 2033, leading the growth trajectory. This dominance arises from the country's extensive food processing industry and increasing adoption of soybean oil in sustainable industrial uses.

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Competitive Landscape

The market research report covers a comprehensive competitive landscape analysis including market structure, key player positioning, winning strategies, competitive dashboards, and company evaluation quadrants. Detailed profiles of all major companies have been provided.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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