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Soybeans are the leading type of oilseed produced globally. In the marketing year 2025/26, the production volume of soybeans was projected to reach 228.5 million metric tons. Rapeseed followed, with 95.02 million metric tons.

Vegetable oil production

Though soybeans are the most produced type of oilseed, the world’s leading vegetable oil is palm oil. In 2024/2025, about 81 million metric tons of palm oil were produced worldwide. In comparison, the production volume of soybean oil amounted to around 71 million metric tons in that year. Indonesia and Malaysia export the two largest volumes of palm oil of any country worldwide.

Consumption of vegetable oils in the United States

In the United States, soybean oil is the most consumed type of edible oil by volume. Canola oil came in second place, followed by palm oil. While soybean oil has been very popular in the United States for many years, palm oil was not widely consumed until after 2007. To put this in perspective, in 2000 only 175 thousand metric tons of palm oil were consumed in the United States. Seven years later, this figure had increased to nearly one million metric tons.