Well, everyone seems to be willing to offer their jack-hat opinion, but no one seems to actually be able to answer your question.
I wrote an exhaustive post, but since this is my first time I've been so outraged at stupidity that I actually joined MacRumors to answer a question I had about my own Macbook, and I didn't realized it would time me out.
So here's the skinny. There is certainly a demand for 32 GB of DDR3 1600 RAM, at least in 4 memory module kits. Probably for that 4K video footage that no one would edit on a Mac, nor the 3D-HD footage that no one would edit on a Mac. So absurd.
The only limitation is the i7-3520M processor. It can address up to 32GB of RAM. So, hypothetically, you could install two 16 GB DDR3 1600 Ram Modules, and it should run fine (
http://ark.intel.com/products/64893). The chipset is the HM77 Mobile Express chipset. Here's it's exhaustive data sheet, just incase Intel would decide to develop a mobile processor able to address 32GB and not do the same for the chipset (
http://www.intel.com/content/www/us/en/chipsets/7-series-chipset-pch-datasheet.html).
There are no limitations in Yosemite OS X. Mac Pros are selling with 64GB of RAM for a pretty penny. There might be a limitation in the EFI BIOS, but why would Apple go to the trouble? The 16GB are already twice the spec limits of 8GB Apple says this MacBook can handle, and we have proof that it works. Apple already "suggests" you to upgrade to a new MacBook above 8GB by manufacture specs. Even Crucial tells me (I have the same MacBook Pro) that my limitation is 8GB, despite evidence that 16GB has been tried and works. Apple would set the EFI BIOS limit at 8GB.
The 4 module kits are selling for around $250 or a little higher. Designed for the Mac mini and iMacs(?) with 4 SO-DIMM slots. So that should give you an idea of the competition in the market and how manufactures would price the hypothetical 16GB memory modules.
Hope that's more helpful that "WHY WOULD YOU NEED THAT MUCH. YOU'RE PRETTY LITTLE HEAD ONLY NEEDS TO BROWSE THE INTERNET. DURRR."