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 is propelled by the booming food industry, which has significantly increased the demand for soybean oil. It is a vital ingredient in numerous processed foods such as sauces, dressings, margarine, shortening, mayonnaise, potato chips, non-dairy creamers, and whipped toppings. This extensive usage underscores its key role in the food sector's expansion.

Besides its culinary applications, soybean oil's nutritive benefits have amplified its market presence. It contains essential nutrients like proteins, vitamins, plant sterols, and fatty acids, which contribute to health improvements including prevention of osteoporosis, enhancement of eye and skin health, immunity boosting, reduction of cognitive disorder risks, and cholesterol lowering. This health impact has elevated consumer awareness and preference, fostering market growth.

Moreover, soybean oil's relevance extends to non-food sectors. It is employed in manufacturing various products such as animal feed, resins, caulks, mastics, plastics, biodiesel, and insecticides. Its role as a sustainable substitute for petrochemicals in diverse industries further enhances demand. This diversification into industrial uses complements its food applications, broadening the market base and sustaining long-term growth.

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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