Soy Oil & Palm Oil Market Report 2025 (Global Edition)

Global Soy Oil & Palm Oil Market Report 2025 Market Size Split by Type Outlook: (Refined Soy Oil, Crude Soy Oil, Refined Palm Oil, Crude Palm Oil, Palm Kernel Oil), by Application Outlook: (Food & Bev...

Soy Oil & Palm Oil Market Report Description

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Soy Oil & Palm Oil Market Insights Video

Competitive Landscape of the Soy Oil & Palm Oil Market

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)

• Archer Daniels Midland Company
• Associated British Foods
• plc
• Bunge
• Cargill
• Inc.
• Louis Dreyfus Company
• Wilmar International Limited
• DuPont
• Unilever plc
• AMAGGI Group
• SunOpta
• Inc.
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Soy Oil & Palm Oil Market

Which Region Dominates the Soy Oil & Palm Oil Market in 2024?

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.

Which Region is Expanding at the Fastest CAGR?

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

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Soy Oil & Palm Oil Market Analysis

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 US had a major share in the Soy Oil & Palm Oil market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period due to the growing health consciousness and preference for healthier oils.
• The Canadian soy Oil & Palm Oil market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period due to the rising applications in biofuels and sustainable energy solutions.
• The Mexico Soy Oil & Palm Oil market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD XX million in 2024.

Europe Soy Oil & Palm Oil Market Analysis

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.

• The United Kingdom Soy Oil & Palm Oil market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. In the UK, Soy Oil & Palm Oil sales witness an upswing due to the rising demand for sustainable and eco-friendly products.
• The France Soy Oil & Palm Oil market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the German Soy Oil & Palm Oil market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period. In Germany, Soy Oil & Palm Oil surged due to the growth in the processed food and biofuel industries.
• The Italy Soy Oil & Palm Oil market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD XX million in 2024.
• The Russian soy Oil & Palm Oil market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD XX million in 2024.
• The Spain Soy Oil & Palm Oil market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD XX million in 2024
• The Luxembourg Soy Oil & Palm Oil market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD XX million in 2024.
• The Portugal Soy Oil & Palm Oil market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD XX million in 2024.
• The Greece Soy Oil & Palm Oil market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Europe's Soy Oil & Palm Oil market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD XX million in 2024.

Asia Pacific Soy Oil & Palm Oil Market Analysis

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 China Soy Oil & Palm Oil market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. Soy Oil & Palm Oil surged in China due to the expanding agricultural production and export capabilities.
• The Japan Soy Oil & Palm Oil market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD XX million in 2024.
• The India Soy Oil & Palm Oil market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period due to the growing health consciousness and preference for vegetable oils .
• The South Korean Soy Oil & Palm Oil market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD XX million in 2024.
• The Australian Soy Oil & Palm Oil market is projected to witness growth at a CAGR of 10.7% during the forecast period, with a market size of USD XX million in 2024.
• The South East Asia Soy Oil & Palm Oil market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Soy Oil & Palm Oil market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD XX million in 2024.

South America Soy Oil & Palm Oil Market Analysis

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 Brazil Soy Oil & Palm Oil market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Soy Oil & Palm Oils flourished in Brazil due to the expansion of biodiesel production.
• Argentina's Soy Oil & Palm Oil market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period due to the growing health consciousness and consumer preference for plant-based oils .
• Colombia Soy Oil & Palm Oil market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD XX million in 2024.
• Peru Soy Oil & Palm Oil market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD XX million in 2024.
• Chile Soy Oil & Palm Oil market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Latin America's Soy Oil & Palm Oil market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD XX million in 2024.

Middle East Soy Oil & Palm Oil Market Analysis

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..

• The GCC Countries Soy Oil & Palm Oil market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD XX million in 2024. Soy Oil & Palm Oil sales flourish due to the increasing food processing and culinary applications.
• The Egypt Soy Oil & Palm Oil market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 0.99 million in 2024.
• The South African soy Oil & Palm Oil market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD XX million in 2024. Soy Oil & Palm Oil sales flourished in South Africa due to the expansion of the food service and retail industry.
• The Turkey Soy Oil & Palm Oil market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD XX million in 2024.
• The Nigeria Soy Oil & Palm Oil market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of the MEA Soy Oil & Palm Oil market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD XX million in 2024.

Soy Oil & Palm Oil Market Analysis

How are Segments Performing in the Global Soy Oil & Palm Oil Market?

Soy Oil & Palm Oil Market Type Segment Analysis

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.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Soy Oil & Palm Oil Industry. Request a Free Sample PDF!

Soy Oil & Palm Oil Market Application Segment Analysis

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.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Soy Oil & Palm Oil Distribution Channel Outlook: Segment Analysis

Soy Oil & Palm Oil Market Distribution Channel Segment Analysis

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.

• Direct Sales
• Retail (Supermarkets
• Convenience Stores)
• Online Sales

Soy Oil & Palm Oil End-User Outlook: Segment Analysis

Soy Oil & Palm Oil Market End-User Segment Analysis

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.

• Household
• Commercial
• Industrial

Author's Detail

Sneha Singh

Research Analyst at Cognitive Market Research

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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.

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