In the 2023/2024 crop year, soybeans were the leading type of oilseed in the world. That year, just over 398 million metric tons of soybeans were forecast to be produced 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.
Worldwide oilseed production in 2023/2024, by type (in million metric tons)*
Characteristic
Production in million metric tons
Soybeans
398.21
Rapeseed
87.44
Sunflowerseed
55.08
Peanuts
50.46
Cottonseed
41.46
Palm kernel
20.71
Copra
6.05
Created with Highcharts 7.2.2Production in million metric tons398.21398.2187.4487.4455.0855.0850.4650.4641.4641.4620.7120.716.056.05SoybeansRapeseedSunflowerseedPeanutsCottonseedPalm kernelCopra
0100200300400500
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US Department of Agriculture, & USDA Foreign Agricultural Service. (February 13, 2024). Worldwide oilseed production in 2023/2024, by type (in million metric tons)* [Graph]. In Statista. Retrieved January 20, 2025, from https://www.statista.com/statistics/267271/worldwide-oilseed-production-since-2008/
US Department of Agriculture, und USDA Foreign Agricultural Service. "Worldwide oilseed production in 2023/2024, by type (in million metric tons)*." Chart. February 13, 2024. Statista. Accessed January 20, 2025. https://www.statista.com/statistics/267271/worldwide-oilseed-production-since-2008/
US Department of Agriculture, USDA Foreign Agricultural Service. (2024). Worldwide oilseed production in 2023/2024, by type (in million metric tons)*. Statista. Statista Inc.. Accessed: January 20, 2025. https://www.statista.com/statistics/267271/worldwide-oilseed-production-since-2008/
US Department of Agriculture, and USDA Foreign Agricultural Service. "Worldwide Oilseed Production in 2023/2024, by Type (in Million Metric Tons)*." Statista, Statista Inc., 13 Feb 2024, https://www.statista.com/statistics/267271/worldwide-oilseed-production-since-2008/
US Department of Agriculture & USDA Foreign Agricultural Service, Worldwide oilseed production in 2023/2024, by type (in million metric tons)* Statista, https://www.statista.com/statistics/267271/worldwide-oilseed-production-since-2008/ (last visited January 20, 2025)
Worldwide oilseed production in 2023/2024, by type (in million metric tons)* [Graph], US Department of Agriculture, & USDA Foreign Agricultural Service, February 13, 2024. [Online]. Available: https://www.statista.com/statistics/267271/worldwide-oilseed-production-since-2008/
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