Global Soy Oil & Palm Oil
Market Report
2025
The global Soy Oil & Palm Oil market size will be USD XX million in 2024. Growing demand for edible oils in emerging markets is expected to boost sales to USD XX million by 2031, with a Compound Annual Growth Rate (CAGR) of 7.00% from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Soy Oil & Palm Oil market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 7% |
North America Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 5.2% |
United States Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 5% |
Canada Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 6% |
Mexico Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 5.7% |
Europe Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 5.5% |
United Kingdom Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 6.3% |
France Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 4.7% |
Germany Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 5.7% |
Italy Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 4.9% |
Russia Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 4.5% |
Spain Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 4.6% |
Rest of Europe Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 4.2% |
Asia Pacific Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 9% |
China Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 8.5% |
Japan Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 7.5% |
India Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 10.8% |
South Korea Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 8.1% |
Australia Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 8.7% |
Rest of APAC Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 8.8% |
South America Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 6.4% |
Brazil Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 7% |
Argentina Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 7.3% |
Colombia Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 6.2% |
Peru Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 6.6% |
Chile Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 6.7% |
Rest of South America Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 5.5% |
Middle East Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 6.7% |
Egypt Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 7% |
Turkey Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 6.2% |
Rest of Middle East Soy Oil & Palm Oil Market Sales Revenue | 121212 | 121212 | 121212 | 5.7% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
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List of Competitors |
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Soy Oil & Palm Oil Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The soy oil and palm oil market is a key segment of the global edible oil industry, driven by their widespread use in food, industrial, and biofuel applications. Soy oil, extracted from soybeans, is rich in polyunsaturated fats and commonly used in cooking, frying, and food manufacturing. Palm oil, derived from the fruit of the oil palm tree, is widely utilized in food products, cosmetics, and biofuels due to its high yield and cost-effectiveness. Asia, particularly Indonesia and Malaysia, dominate palm oil production, while the U.S. and Brazil are key producers of soybeans. The market is influenced by factors such as changing consumer preferences for healthier oils, sustainability concerns regarding palm oil production, and fluctuating global commodity prices. Environmental issues, including deforestation and land use changes linked to oil palm plantations, are significant challenges. Despite these concerns, both oils remain integral to global food industries, with growing demand driven by population expansion and urbanization.
In March 2023, ADM announced the launch of the Knwble Grwn brand to provide consumers with wholesome, plant-based food ingredients that are sustainably sourced. Knwble Grwn products are produced by small or underrepresented farmers using regenerative agricultural practices that help to protect the environment. The new brand complements ADM's other sustainability initiatives. (Source: https://www.adm.com/en-us/news/knwble-grwn-launch/#:~:text=Knwble%20Grwn%20launch-,ADM%20launches%20Knwble%20Grwn%E2%84%A2%2C%20a%20direct%2Dto%2Dconsumer,derived%20from%20sustainably%20sourced%20crops&text=CHICAGO%20%E2%80%93%20March%207%2C%202023%20%E2%80%93,ingredients%20that%20are%20sustainably%20sourced.)
The increasing consumer preference for plant-based oils has been a significant driver for the soy oil and palm oil market. With a growing awareness of health benefits, consumers are opting for oils like soy and palm, which are rich in essential fatty acids and have a balanced nutrient profile. Palm oil, in particular, is widely used in processed foods, snacks, and cooking oils due to its versatility and cost-effectiveness. The rising trend towards plant-based diets, driven by concerns about animal welfare and environmental impact, further bolsters the demand for these oils. Additionally, as urbanization and income levels rise, there is a shift toward packaged foods, further increasing the demand for soy and palm oil in food processing. This growing preference in the food industry is expected to sustain the market’s growth trajectory, especially in developing economies. For instance, Corteva, Inc. (NYSE: CTVA) cements its position as a global leader in the rapidly expanding Biologicals market with today's announcement that it has closed the acquisitions of Symborg, an expert in microbiological technologies based in Murcia, Spain, and Stoller, one of the largest independent companies in the Biologicals industry, based in Houston, Texas, US
Governments worldwide are increasingly investing in biofuels as part of their energy transition plans to reduce reliance on fossil fuels and decrease carbon emissions. Both soy oil and palm oil are used in biodiesel production due to their high oil content and efficient conversion into biofuels. The adoption of biofuels is being driven by favourable regulations and incentives aimed at promoting sustainable energy. In regions like Europe and North America, biofuels are seen as a cleaner alternative to traditional diesel fuels. As countries pursue greener, more sustainable energy solutions, the demand for these oils in the biofuel sector is set to rise, creating a significant growth opportunity for soy and palm oil markets.
The production of soy oil and palm oil faces significant scrutiny due to their environmental impact, particularly in terms of deforestation and habitat destruction. In palm oil production, large-scale deforestation in regions like Southeast Asia has led to the loss of biodiversity and contributed to climate change. Similarly, the cultivation of soybeans, particularly in South America, often results in deforestation of the Amazon rainforest. These practices have prompted global calls for more sustainable farming practices and increased pressure from environmental organizations and governments. As consumers become more environmentally conscious, demand for certified sustainable products, like certified sustainable palm oil (CSPO) or responsibly sourced soy oil, is increasing.
The COVID-19 pandemic had a significant impact on the soy oil and palm oil markets, disrupting global supply chains and production processes. Initially, lockdowns and labour shortages in key producing countries like Indonesia, Malaysia, and Brazil led to reduced production and processing capacities. Transportation disruptions and port congestion also delayed shipments, affecting global availability. Demand shifts occurred as the food service industry, a major consumer, experienced a downturn while retail demand for cooking oils surged. Additionally, supply chain challenges and rising labour costs led to higher prices for both oils. The pandemic also prompted concerns about sustainability and environmental practices, with increased scrutiny on palm oil's impact.
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The soy oil and palm oil markets are highly competitive, with key players focusing on expanding their market share through strategic acquisitions, partnerships, and sustainable sourcing initiatives. The market is also influenced by the presence of regional producers in major palm oil-producing countries like Indonesia and Malaysia. Sustainability efforts, such as certification schemes for palm oil and innovations in production processes, play a crucial role in differentiating companies and maintaining a competitive edge in the market.
Top Companies Market Share in Soy Oil & Palm Oil Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America currently dominates the Soy Oil & Palm Oils market, and the region is expected to have significant growth during the projected period. This is due to its large-scale production, particularly in the US, which is a leading exporter.
Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR) due to rising population, urbanization, and increasing disposable incomes.
The current report Scope analyzes Soy Oil & Palm Oil Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Soy Oil & Palm Oil market size was estimated at USD XX Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
According to Cognitive Market Research, the global Soy Oil & Palm Oil market size was estimated at USD XX Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
According to Cognitive Market Research, the global Soy Oil & Palm Oil market size was estimated at USD XX Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
According to Cognitive Market Research, the global Soy Oil & Palm Oil market size was estimated at USD XX Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
According to Cognitive Market Research, the global Soy Oil & Palm Oil market size was estimated at USD XX Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031..
Global Soy Oil & Palm Oil Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Soy Oil & Palm Oil Industry growth. Soy Oil & Palm Oil market has been segmented with the help of its Type Outlook:, Application Outlook: Distribution Channel Outlook:, and others. Soy Oil & Palm Oil market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Soy Oil & Palm Oil Market?
According to Cognitive Market Research, refined palm oil is likely to dominate the Soy Oil & Palm Oil Market over the forecast period due to its high yield, cost-effectiveness, and versatility across various industries, including food, cosmetics, and biofuels. Its longer shelf life, stable properties, and suitability for high-temperature cooking make it a preferred choice globally, particularly in developing regions.
refined soy oil is the fastest-growing segment in the Soy Oil & Palm Oil Market due to its versatility, neutral flavour, and health benefits, making it ideal for cooking, frying, and food processing. Increased consumer demand for healthier oils and clean-label products further drives its growth.
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According to Cognitive Market Research, the food & beverages segment holds the largest share of the market as both oils are key ingredients in cooking, frying, and processed food products. Their versatility, cost-effectiveness, and long shelf life make them essential for manufacturers, driving significant demand in the global food production sector.
In the Soy Oil & Palm Oil Market, the biofuel sector has been expanding at a rapid pace due to increasing global demand for renewable energy sources. Both oils are used to produce biodiesel, a cleaner alternative to fossil fuels. Government mandates, sustainability goals, and technological advancements are driving this growth.
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According to Cognitive Market Research, the retail (supermarkets, convenience stores) segment holds the largest market share by offering a wide range of packaged oils to consumers. These outlets provide easy access to affordable and diverse options, driving substantial demand for cooking oils in households, making them crucial distribution points for both products.
In the Soy Oil & Palm Oil market, the rapidly growing sector is the online sales category due to increasing consumer preference for convenience and direct-to-door delivery. E-commerce platforms offer a wide range of products, including sustainable and speciality oils, catering to changing consumer demands while also providing competitive pricing and promotions.
According to Cognitive Market Research, the household segment dominates the market by being the largest consumer segment, utilizing these oils for everyday cooking and food preparation. Their widespread use in kitchens globally, driven by affordability and versatility, accounts for a significant share of demand, particularly in emerging markets and developed regions.
Commercial is projected to be the fastest-growing segment in the Soy Oil & Palm Oil market due to increased demand from food manufacturers, restaurants, and catering services. The rising need for affordable, high-quality oils for frying, cooking, and food processing, coupled with expanding global populations, drives this growth.
Research Analyst at Cognitive Market Research
I am a well-organized, conscientious, and professional Research Analyst with two three years of experience. In my current role, I conduct in-depth secondary research, data mining, competitive analysis, DRO's, PR, and Collateral writing. Whilst I enjoy working as part of a team, researching information, analyzing data, and producing results that help my organization to achieve its commercial and financial objectives.
As a Research Analyst with over 3+ years of experience in market research and consumer insights, I specialize in delivering actionable, data-driven solutions across diverse industries, including Consumer Goods, Food & Beverage, and other domains as well. My expertise spans both primary and secondary research, allowing me to effectively analyze trends, assess market opportunities, and guide strategic decisions for clients.
I’ve successfully managed client queries, presales, and post-sales engagements, ensuring seamless communication and delivering high-quality insights that drive business growth. With a strong track record of working with both established brands and startups, I help organizations optimize strategies, enhance customer experiences, and unlock new growth opportunities.
Always eager to stay ahead of industry trends, I thrive in collaborative environments where research meets innovation. My focus is on turning complex data into clear, actionable insights that create real-world impact.
Conclusion
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type Outlook: | Refined Soy Oil, Crude Soy Oil, Refined Palm Oil, Crude Palm Oil, Palm Kernel Oil |
Application Outlook: | Food & Beverage, Biofuel, Personal Care & Cosmetics, Pharmaceuticals, Animal Feed |
Distribution Channel Outlook: | Direct Sales, Retail (Supermarkets, Convenience Stores), Online Sales |
End-User Outlook: | Household, Commercial, Industrial |
List of Competitors | Archer Daniels Midland Company, Associated British Foods, plc, Bunge, Cargill, Inc., Louis Dreyfus Company, Wilmar International Limited, DuPont, Unilever plc, AMAGGI Group, SunOpta, Inc. |
This chapter will help you gain GLOBAL Market Analysis of Soy Oil & Palm Oil. Further deep in this chapter, you will be able to review Global Soy Oil & Palm Oil Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Soy Oil & Palm Oil. Further deep in this chapter, you will be able to review North America Soy Oil & Palm Oil Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Soy Oil & Palm Oil. Further deep in this chapter, you will be able to review Europe Soy Oil & Palm Oil Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Soy Oil & Palm Oil. Further deep in this chapter, you will be able to review Asia Pacific Soy Oil & Palm Oil Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Soy Oil & Palm Oil. Further deep in this chapter, you will be able to review South America Soy Oil & Palm Oil Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Soy Oil & Palm Oil. Further deep in this chapter, you will be able to review Middle East Soy Oil & Palm Oil Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Soy Oil & Palm Oil. Further deep in this chapter, you will be able to review Middle East Soy Oil & Palm Oil Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Soy Oil & Palm Oil. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Outlook: Analysis 2019 -2031, will provide market size split by Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Outlook: Analysis 2021 - 2033
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Chapter 11 Market Split by Application Outlook: Analysis 2021 - 2033
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Chapter 12 Market Split by Distribution Channel Outlook: Analysis 2021 - 2033
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Chapter 13 Market Split by End-User Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Soy Oil & Palm Oil market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 15 Research Methodology and Sources
Why Refined Soy Oil have a significant impact on Soy Oil & Palm Oil market? |
What are the key factors affecting the Refined Soy Oil and Crude Soy Oil of Soy Oil & Palm Oil Market? |
What is the CAGR/Growth Rate of Food & Beverage during the forecast period? |
By type, which segment accounted for largest share of the global Soy Oil & Palm Oil Market? |
Which region is expected to dominate the global Soy Oil & Palm Oil Market within the forecast period? |