According to the latest report by IMARC Group, the global soybean oil market size reached 49.7 Million Tons in 2018. Soybean oil is a rich source of essential nutrients including proteins, plant sterols, vitamins and fatty acids. It has a relatively lower price as compared to the other edible oils available in the market. Soybean oil has become a preferred choice for cooking in households and restaurants due to its neutral taste, high smoke point and negligible saturated fat content. Nowadays, researchers are developing soybeans with an increased level of stearidonic acid (SDA) omega-3s with the help of biotechnology, which is having a positive impact on the market for soybean oil.