The United States Soybean Oil Market is anticipated to grow strongly, rising from US$ 27.06 billion in 2024 to US$ 59.85 billion during 2033. This growth is anticipated at a Compound Annual Growth Rate (CAGR) of 9.22% over the forecast period of 2025 to 2033. Some of the major drivers of this growth are increasing demand for edible oils for cooking, rising application in food processing, and a surging trend towards healthier options.
Outside of cooking purposes, soybean oil is widely used in processed foods, salad dressings, margarine, and spreads as an effective fat source that adds taste and texture. This popularity is also supported by its nutritional value since it has healthy unsaturated fats and omega-3 fatty acids that will attract consumers who care about health.
Aside from its uses in foods, soybean oil is also used in different industrial commodities, such as biodiesel, lubricants, and plastic, to the advantage of increasing demand. The market for soybean oil in the United States is influenced by changing consumer diets towards plant-based and healthy ways, making it a staple in kitchens at home and food processing.
United States Soybean Oil Market Outlook
Soybean oil is a plant oil that comes from soybeans, a very versatile and highly cultivated crop in the United States. It is the most used cooking oil in America because of its neutral flavor, light consistency, and high smoke point, which makes it very suitable for frying, baking, and sautéing.Outside of cooking purposes, soybean oil is widely used in processed foods, salad dressings, margarine, and spreads as an effective fat source that adds taste and texture. This popularity is also supported by its nutritional value since it has healthy unsaturated fats and omega-3 fatty acids that will attract consumers who care about health.
Aside from its uses in foods, soybean oil is also used in different industrial commodities, such as biodiesel, lubricants, and plastic, to the advantage of increasing demand. The market for soybean oil in the United States is influenced by changing consumer diets towards plant-based and healthy ways, making it a staple in kitchens at home and food processing.
Growth Drivers in the United States Soybean Oil Market
Increased Demand for Plant-Based and Healthy Oils
Increasing trend towards healthier and vegetarian diets in the U.S. is a key driver of soybean oil consumption. Soybean oil is also widely perceived as a healthier substitute for animal fats owing to its low saturated fat levels and omega-3 fatty acid content. Healthy shoppers favor it for frying, baking, and cooking, and thus it finds itself on everybody's kitchen shelves. In addition, soybean oil is used frequently in plant food products, keeping pace with the fast growth of the vegan and vegetarian market. Its nutritional value and adaptability across uses make it a desirable option, driving total demand higher. December 2022 - Bunge intended to spend $550 million on a new plant for soy protein concentrate (SPC) and textured soy protein concentrate (TSPC) in Morristown, Indiana. This new facility is intended to be able to accommodate increased demand for plant-based ingredients and will produce 70 jobs.Growth in Processed Food and Foodservice Sectors
The American processed food industry is growing steadily, and soybean oil is an important ingredient in snacks, ready-to-eat foods, sauces, and baked goods. Quick-service restaurants and foodservice operators also use a great deal of soybean oil for frying and food preparation. As more consumers eat out or take out, demand for cost-effective and dependable cooking oil rises. Soybean oil's generally low price and extensive availability make it the first choice of food companies and restaurants, further propelling market growth in the United States. October 2023 - Louis Dreyfus Company (LDC) today announced the construction of a soybean processing facility in Upper Sandusky (OH), US, with in-house crushing, vegetable oil refining and lecithin manufacturing and packaging facilities.Increasing Industrial and Biofuel Uses
Outside of food, soybean oil has discovered considerable use in industrial uses, most notably in the creation of biodiesel. As the U.S. government encourages adoption of renewable energy, soybean oil is increasingly being used to produce sustainable fuels. This increased diversification of usage stabilizes demand in the market and benefits local soybean producers. Soybean oil is also used by non-food markets such as cosmetics and personal care for its emollient nature. Soya oil's use in both the food and industrial markets expanding the range of applications assures sustained growth prospects for the market. In January 2025, the United Soybean Board (USB), U.S. Soybean Export Council (USSEC), and American Soybean Association (ASA) collectively revised their national 2030 sustainability objectives together. This strategic investment will cut land use footprint by 10%, soil loss by 25%, energy consumption by 10%, and greenhouse gas emissions by 10% in U.S. soybean production, enabling a more sustainable soybean oil supply chain.Challenges in United States Soybean Oil Market
Competing with Alternative Edible Oils
Soybean oil is increasingly competing with other edible oils like canola, sunflower, avocado, and olive oil. These oils are promoted as premium, heart-healthy, or clean-label, targeting consumers looking for alternatives. Olive oil, specifically, has robust brand identification as a healthy cooking oil, while canola oil directly competes with soybean oil based on comparable pricing and adaptability. Such ferocious competition may hold soybean oil back from growth unless brands highlight its nutritional benefits, price competitiveness, and usability.Price Volatility and Supply Chain Challenges
Price fluctuations in soybean oil are significantly subject to variations in soybean crop production, climatic conditions, and international trade policies. Tariffs, export controls, or supply chain disruptions can have profound effects on prices, causing uncertainty for producers and consumers. Unstable feedstock prices also test those producers that use soybean oil. Supply-side problems do more than affect affordability; they also inhibit food and industrial users' long-term planning strategies. Resolving these issues is key to ensuring stability in the U.S. soybean oil market.United States Conventional Soybean Oil Market
Conventional soybean oil is still the leading segment owing to its affordability and widespread use in households as well as by the foodservice industry. It is widely stocked in supermarkets, wholesale clubs, and restaurants and is a favorite for frying and cooking. Food processors use conventional soybean oil extensively in snacks, margarine, and processed food owing to cost factors. Although organic options are gaining popularity, traditional soybean oil still commands a bigger percentage of the U.S. market. Its scalability and robust domestic production base guarantee stable supply, and it is thus a pillar of the edible oil business.United States Organic Soybean Oil Market
Organic soybean oil is picking up steam as consumers look more and more for natural, clean-label, and pesticide-free foodstuffs. Organic soybean oil is attracting health-aware consumers and environmentalists alike. It is widely employed in upscale foods, specialty baking, and natural beauty care products. Although more expensive than traditional products, increased demand in niche products and natural food stores is driving its growth. With organic product credentials acting as a major marketing point, this category will continue to grow steadily while consumer sensitivity to sustainability keeps growing.United States Cooking & Frying Soybean Oil Market
Soybean oil is a popular cooking and frying oil in U.S. kitchens and restaurants because of its neutral taste, high smoke point, and economy. Its versatility makes it suitable for use in sautéing, deep-frying, and cooking a large variety of foods. Quick-service restaurants, especially, count on soybean oil to fry because of its high heat stability and affordability. Consumers prefer it at the household level as a household oil for daily cooking. This steady demand renders cooking and frying uses one of the most significant consumers of soybean oil in the U.S.United States Bakery Products Soybean Oil Market
Soybean oil is a key ingredient in the bakery sector owing to its functionality. It adds texture, retains moisture, and provides longer shelf life to bread, cakes, pastries, and cookies. Bakers like soybean oil because of its capacity to add a soft crumb and pleasant mouthfeel without giving a bold taste. Its lower cost than other oils also enhances its popular usage in commercial baking facilities. As the demand for packaged bakery items keeps rising in the U.S., soybean oil usage in this industry will only grow proportionally.United States Margarine & Shortening Soybean Oil Market
Soybean oil is a major raw material for the manufacture of margarine and shortening, both commonly used in domestic as well as industrial food processing. Soybean oil is used by manufacturers of margarine due to its neutral flavor and low cost, while shortening from soybean oil finds suitability in baking and frying purposes. The segment is supported by the demand for cheap butter alternatives by consumers and industrial-scale applications. With increasing demand for plant-based and vegan replacements, soybean oil-based margarine products are gaining greater acceptability, leading to increased demand in this application.California Soybean Oil Market
California is a prominent market for soybean oil based on its huge population and diversified food culture. The state's restaurant and foodservice sector depends largely on soybean oil for frying and cooking purposes. Health-conscious shoppers also create demand for organic soybean oil, particularly in high-end grocery chains and natural food stores. California's food culture and technologically advanced food industry constantly test plant-based and functional foods that incorporate soybean oil as a primary ingredient. Therefore, it is a dynamic and high-growth segment of the U.S. soybean oil market.New York Soybean Oil Market
New York soybean oil market is influenced by its large urban customer base, multicultural gastronomy, and active foodservice industry. Restaurants, fast-food chains, and bakeries rely heavily on soybean oil for frying, sautéing, and baking uses. Market demand for premium and organic oils also increases in urban areas, especially in natural food shops and higher-end retail stores. Moreover, New York's robust processed food sector generates constant demand for soybean oil in packaged foods. The state's varied consumer base guarantees balanced demand for both conventional and organic soybean oil.Washington Soybean Oil Market
Washington is a steadily emerging soybean oil market based on its focus on sustainability and health-oriented consumer behaviors. Non-GMO and organic soybean oil products are increasingly popular in the state, consistent with customer demand for natural and environmentally friendly products. The state's foodservice segment, such as coffeehouses, restaurants, and bakeries, also predominantly uses soybean oil for daily frying and baking. Furthermore, Washington state's biofuel sector is a contributor of soybean oil demand, consistent with its position as a primary feedstock for biodiesel production. These factors combined make Washington a key niche market in the U.S. soybean oil sector.Market Segmentation
Type
- Organic
- Conventional
Application
- Cooking & Frying
- Margarine & Shortening
- Salad Dressings & Mayonnaise
- Bakery Products
- Non-Food Applications
Top 10 States
- California
- Texas
- New York
- Florida
- Illinois
- Pennsylvania
- Ohio
- Georgia
- Washington
- New Jersey
- Rest of United States
All companies have been covered with 5 Viewpoints
- Overviews
- Key Person
- Recent Developments
- SWOT Analysis
- Revenue Analysis
Key Players Analysis
- Archer Daniels Midland Company
- Wilmar International Limited
- AAK AB
- Bunge Global SA
- Cargill, Incorporated
- DuPont
- Unilever PLC
- Associated British Foods
Table of Contents
1. Introduction3. Executive Summary10. Value Chain Analysis
2. Research & Methodology
4. Market Dynamics
5. United States Soybean Oil Market
6. Market Share Analysis
7. Type
8. Application
9. Top States
11. Porter's Five Forces Analysis
12. SWOT Analysis
13. Pricing Benchmark Analysis
14. Key Players Analysis
Companies Mentioned
- Archer Daniels Midland Company
- Wilmar International Limited
- AAK AB
- Bunge Global SA
- Cargill, Incorporated
- DuPont
- Unilever PLC
- Associated British Foods
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | August 2025 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 27.06 Billion |
| Forecasted Market Value ( USD | $ 59.85 Billion |
| Compound Annual Growth Rate | 9.2% |
| Regions Covered | United States |
| No. of Companies Mentioned | 8 |
