Canada Soybean Oil Market Report and Forecast 2025-2034

The Canada soybean oil market attained 330.00 TMT in 2024. The market for soybean oil is being driven by growing health-conscious consumers and profitability as feedstock for biodiesel.

Growth in Biodiesel Sector to Boost the Soybean Oil Industry Growth in Canada

Soybean oil has been proven to be a major feedstock for the production of biodiesel; this greatly increased the adoption of the crop by many farmers, thereby boosting the industry growth. The many advantages of using soybean oil while producing biodiesel include greater acreage, major production levels and competitive prices, among others, produce increased profits and contribute to being a major feedstock to biodiesel, thus bolstering the market growth. With different varieties grown, the soybean crops adapt and can be grown on wide spread basis. Such attributes accredit to the rapid growth of feedstock for biodiesel and fostering the overall market growth of the soybean oil market in Canada.

Soybean Oil: Market Segmentation

Soybean oil, a vegetable oil, is extracted from the seeds of soybean. It is generally obtained by miscella evaporation. Soybean oil holds a significant share in edible fats and oil consumption and also has several industrial uses. The high availability and versatility of soybean oil makes it more viable in various industries and will continue to grow throughout the forecast period. It offers many nutritional properties, such as better energy concentration, rich in omega-3 and omega-6 essential fatty acids, among others. It is also cheaper compared to its counterparts in the market.

Market Breakup by End Use

• Food
• Feed
• Industrial

Market Breakup by Distribution Channel

• Direct
• Supermarket and Hypermarket
• Convenience Store and Local Retail
• Online
• Others

Market Breakup by Region

• Northern Canada
• British Columbia
• Alberta
• The Prairies
• Central Canada
• Atlantic Canada

Nutritional Benefits of Soybean Oil Fostering the Growth of Canada Soybean Oil Industry

Growing numbers of health-conscious customers has increasing market demand for soybean oil for domestic purposes. Consumption of soybean oil is beneficial for the heart, bones and as well as skin, therefore increasing the popularity of soybean oil and boosting the growth rate of the market. It is rich in omega-3 and omega-6 essential fatty acids which is highly significant for the protection of heart against heart diseases. Its iodine levels and vitamin-K levels maintain bone strength. All these attributes promote better health. Further, its relatively lower prices is boosting the market growth of the soybean oil industry.

Key Industry Players in the Canada Soybean Oil Market

The report gives a detailed analysis of the following key players in the Canada soybean oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Centra Foods
• Bunge Limited
• Cargill, Incorporated
• Archer Daniels Midland Company
• Viterra Inc.
• Others

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.