Soybean Oil Market to Hit 60.08 Billion by 2028
The global soybean oil market size was USD 46.72 billion in 2020. The market is projected to grow from USD 48.16 billion in 2021 to USD 60.08 billion by 2028, exhibiting a CAGR of 3.21% during the forecast period of 2021-2028.
This information is published by Fortune Business Insights, in its report, titled, “Soybean Oil Market, 2021-2028.”
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.
Tags: soybean oil, soybean
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