The global soybean oil market has been steadily growing, with the market size reaching 60.45 million metric tons (MMT) in 2023. The market is projected to continue its growth trajectory, with a compound annual growth rate (CAGR) of 1.4% between 2024 and 2032, reaching a volume of 68.51 MMT by 2032. This growth is driven by various factors such as increasing demand for healthy cooking oils,...
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