PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1781249
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1781249
Global High Oleic Soybean Market to Reach US$884.0 Million by 2030
The global market for High Oleic Soybean estimated at US$480.0 Million in the year 2024, is expected to reach US$884.0 Million by 2030, growing at a CAGR of 10.7% over the analysis period 2024-2030. Food Grade, one of the segments analyzed in the report, is expected to record a 9.1% CAGR and reach US$521.1 Million by the end of the analysis period. Growth in the Industrial Grade segment is estimated at 13.3% CAGR over the analysis period.
The U.S. Market is Estimated at US$130.8 Million While China is Forecast to Grow at 14.3% CAGR
The High Oleic Soybean market in the U.S. is estimated at US$130.8 Million in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$179.7 Million by the year 2030 trailing a CAGR of 14.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.9% and 9.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.4% CAGR.
High oleic soybean is rapidly transforming the agricultural and food industries by offering a healthier and more stable alternative to traditional soybean oil. Engineered to contain significantly higher levels of monounsaturated fats while reducing polyunsaturated fats, high oleic soybean oil is being widely adopted by food manufacturers and foodservice operators due to its superior oxidative stability and longer shelf life. This advancement addresses the growing global demand for trans-fat-free cooking oils, following stringent regulations imposed by food safety authorities. Unlike conventional soybean oil, high oleic varieties do not require hydrogenation, eliminating the formation of harmful trans fats that have been linked to cardiovascular diseases. Moreover, the improved heat stability of high oleic soybean oil makes it an ideal choice for deep-frying and high-temperature cooking applications, further expanding its market potential. The agricultural sector is also benefiting from the increasing adoption of high oleic soybean varieties, as they offer enhanced agronomic traits such as resistance to diseases and environmental stress. The rising consumer shift toward healthier food options is fueling the growth of this segment, positioning high oleic soybean as a game-changer in the global oilseed market.
Beyond its growing popularity in the food industry, high oleic soybean oil is finding increasing applications in non-food sectors, particularly in the industrial and bio-based products market. Due to its high oxidative stability and lower reactivity, high oleic soybean oil is being utilized in the production of lubricants, adhesives, plastics, and coatings as a sustainable alternative to petroleum-based products. This shift aligns with the rising demand for bio-based and environmentally friendly materials, driven by stricter environmental regulations and corporate sustainability initiatives. The automotive and manufacturing industries are particularly benefiting from the use of high oleic soybean-based lubricants, which offer enhanced performance under extreme temperatures while reducing carbon footprints. Additionally, high oleic soybean oil is gaining traction in the cosmetics and personal care sectors, where it serves as an emollient in skincare products and hair care formulations due to its moisturizing and anti-oxidative properties. The versatility of high oleic soybean oil is positioning it as a preferred choice across various industrial sectors, further solidifying its market expansion beyond traditional food applications.
Advancements in genetic engineering and crop breeding techniques are playing a crucial role in the development of high oleic soybean varieties with superior characteristics. Modern biotechnological approaches, including gene editing tools like CRISPR and traditional selective breeding, are being used to enhance the oil profile of soybeans while maintaining yield potential. This has resulted in the commercialization of high oleic soybean strains that not only deliver healthier oil but also offer better disease resistance and adaptability to changing climatic conditions. Precision agriculture technologies, such as satellite imaging and AI-powered farm analytics, are further optimizing the production of high oleic soybeans by enabling real-time monitoring of crop health and soil conditions. Additionally, sustainable farming practices, including regenerative agriculture and reduced pesticide use, are being adopted by growers to meet the increasing consumer demand for non-GMO and organic soybean oil. The integration of digital supply chain solutions is also streamlining the distribution and traceability of high oleic soybean oil, ensuring compliance with food safety and sustainability standards. These technological advancements are accelerating the large-scale adoption of high oleic soybean, making it a highly attractive option for both farmers and food manufacturers.
The growth in the high oleic soybean market is driven by several factors, including the increasing demand for healthier cooking oils, stringent food labeling regulations, and rising consumer awareness of trans-fat-related health risks. The food industry's shift away from partially hydrogenated oils has significantly boosted the demand for high oleic soybean oil, particularly in the snack, bakery, and fast-food sectors. Additionally, growing investments in soybean research and breeding programs are ensuring a steady supply of high-yield, disease-resistant high oleic soybean varieties, making them more attractive to farmers. The expansion of bio-based industrial applications, particularly in the production of biodegradable plastics, lubricants, and coatings, is further propelling market growth. Favorable government policies promoting sustainable and non-GMO oil sources are also supporting the adoption of high oleic soybean in key agricultural economies such as the United States, Brazil, and Argentina. The increasing penetration of high oleic soybean oil in emerging markets, driven by changing dietary habits and urbanization, is creating new growth opportunities for producers and processors. Additionally, strategic partnerships between food manufacturers, agricultural cooperatives, and biotech firms are driving innovation and ensuring a stable supply chain. With these drivers in play, the high oleic soybean market is poised for robust expansion in the coming years, meeting the dual demands of health-conscious consumers and sustainable industrial practices.
SCOPE OF STUDY:
The report analyzes the High Oleic Soybean market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Grade (Food Grade, Industrial Grade); Distribution Channel (Direct Distribution Channel, Retail Distribution Channel, Online Distribution Channel); Application (Cooking Oils Application, Processed Foods Application, Salad Dressings & Sauces Application, Biofuels Application, Other Applications)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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