Soybean Oil – 739 Million Metric Tons
Soybean oil is very important because it is used to make green diesel, a different kind of fuel. It comes from soybean plants, which are mostly grown in China, the US, Brazil, and Argentina. Soybean oil is not just for cooking; it’s also used to make biodiesel, paints, and inks.
Origin | Extracted from soybeans, which are legumes |
Appearance | Liquid at room temperature, pale yellow color |
Odor | Mild soybean scent |
Composition | Primarily composed of unsaturated fats (polyunsaturated and monounsaturated fats) |
Nutritional Value | High in calories (about 120 calories per tablespoon), contains omega-6 fatty acids |
Uses | Cooking, frying, baking, salad dressings, margarine production |
Smoke Point | Around 450°F (232°C), suitable for high-temperature cooking |
Shelf Life | Relatively long shelf life when stored properly |
Health Benefits | Contains essential fatty acids, may improve heart health, lower cholesterol levels, and reduce inflammation |
Concerns | High omega-6 content, excessive consumption may contribute to inflammation if not balanced with omega-3 intake |
Sustainability | Depends on farming practices, concerns exist regarding deforestation and monoculture farming for soybeans |
Varieties | Regular soybean oil, refined soybean oil, organic soybean oil, non-GMO soybean oil, etc. |
List of Most Consumed Edible Oils In The World
Top 10 Consumed Edible Oils In The World: Palm oil and Soybean oil are the most consumed edible oils in the world. In 2023; the global palm oil market was valued at around 55.8 billion USD 2023. This value is expected to reach around $80.7 billion by 2032. On the other hand, the Olive Oil market was valued at around USD 14.58 billion in 2023 and it is expected to grow with a CAGR of 3.6% in the next 5 years.
As per the IndexBox, the average soybean oil price will be 0.54 per USD pound in 2024 which has decreased than last year. In 2023, the global soybean oil market size was 60.45 MMT.
In this article, we are going to discuss the Top 10 Consumed Edible Oils In The World and we will try to give an overview of all edible oils in detail.
Table of Content
- Top 10 Most Consumed Edible Oils In The World
- Coconut Oil – 2.61 Million Metric Tons
- Olive Oil – 3.37 Million Metric Tons
- Corn Oil – 3.38 Million Metric Tons
- Cottonseed Oil – 5.513 Million Metric Tons
- Peanut Oil (Groundnut Oil) – 6.512 Million Metric Tons
- Palm Kernel Oil – 8.013 Million Metric Tons
- Sunflower Seed Oil – 20.83 Million Metric Tons
- Rapeseed Oil (Canola) – 28.15 Million Metric Tons
- Soybean Oil – 75.39 Million Metric Tons
- Palm Oil – 75.98 Million Metric Tons