Tag: Soybean Oil Market

Market Overview: The global soybean oil market size was USD 51.23 billion in 2023 and is projected to grow from USD 52.86 billion in 2024 to USD 68.42 billion by 2032, exhibiting a CAGR of 3.28% during the forecast period. Asia Pacific dominated the Soybean Oil Market with a market share of 46.52% in 2023. This information is published by Fortune Business Insights, in its report, titled, “Soybean Oil Market, 2024-2032.” Our researchers found that the increasing use of soybean oil by food manufacturers and restaurants for making baked and fried foods, as well as for selling in bottles as cooking oil, is boosting the market. In the worldwide market for goods, soybean oil is unique because of its many uses, health benefits, and value. This oil, made from soybeans, has caught the atte...

Market Overview: The global soybean oil market size was USD 51.23 billion in 2023 and is projected to grow from USD 52.86 billion in 2024 to USD 68.42 billion by 2032, exhibiting a CAGR of 3.28% during the forecast period. This information is published by Fortune Business Insights, in its report, titled, “Soybean Oil Market, 2024-2032.” According to our researchers, the rising utilization of soybean oil by food processors and foodservice outlets for baked as well as fried food products or to trade as cooking oil in packed bottles drives the market growth. In the realm of the global commodities market, one product stands out for its versatility, health benefits, and economic significance - Soybean Oil. Derived from the humble soybean, this oil has captured the attention of consu...