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Global Soybean Oil Market, Size, Forecast 2022-2027, Industry Trends, Growth, Insight, Impact of COVID-19, Opportunity Company Analysis

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    Report

  • 230 Pages
  • February 2022
  • Region: Global
  • Renub Research
  • ID: 5546186
Global Soybean Oil Market is expected to reach US$ 80.48 Billion in 2027. In tandem with soybean oil's relatively low price, Soybean large-scale availability offers an endurable substitution for petrochemicals and comprehended carcinogens in several industrial use cases. In the food industry, soybean oil is consumed in preparing dressings, whipped toppings, sauces, and non-dairy creamers.

On the flip side, in the non-food sector, soybean oil is used for making caulks, resins, animal feed, and biodiesel. In addition, various soybean oil markets now have demonstrated that edible oil has multiple functional properties; as such, it is used in numerous food and non-food applications. According to the publisher, Worldwide Soybean Industry is anticipated to grow with a CAGR of 4.4% during 2021-2027.

COVID-19 Impact on the Global Soybean Oil Industry:


The global soybean oil market has exhibited moderate growth, even though the demand for biofuel had reduced due to the COVID-19 pandemic. Further, the soybean oil market indicates steady growth, despite the COVID-19 pandemic cut demand for biofuel. The competitive price of soybean oil against the cost for sunflower and palm oil and the potential increase in demand for biofuels and increasingly robust environmental standards signal real prospects for further developing the soybean oil market during the forecasted period.

Global Soybean Oil Market Size was US$ 62.16 Billion in 2021


Consumers have been suffering from health-related issues such as high cholesterol, obesity, and cardiovascular diseases (CVD), including soybean oil in their diet regime, in recent years. Rising health consciousness has exploited consumers to shift from ready-to-eat (RTE) items to homemade products, further bolstering the demand for soybean oil. Soybean oil is relatively cheaper than other edible oils, including canola oil, olive oil, groundnut oil, and coconut oil. Further, soybean oil is commonplace in price-sensitive markets, especially in developing regions.

Worldwide Soybean Oil Consumption and Production Trends:


Soybean oil is amongst the most popular vegetable oil globally, with China driving the top consuming and producing countries. Remarkably, China is the major soybean oil-consuming country, with its main end-use application being for food use. Moreover, the growing population and soybean acreage resulting from the government-led initiatives is further expected to increase soybean oil production in China. Similarly, in the United States, soybean production allows for a moderate rise in domestic consumption. Additionally, the growth of the United States soybean oil industry is likely to slow over the forecasted period, as it is expected to face stronger foreign competition, and the farmers in the region are shifting their acreage into feed grains.

Global Soybean Oil Export Analysis:


In our report, we have analyzed the export market of Argentina, Brazil, the United States, the European Union, Paraguay, Russia, and Bolivia. Globally, the soybean oil export market for Argentina, Brazil, European Union, Russia, and Bolivia is expected to witness a consecutive increase during the forecasted period. The increased soybean supply and tightened supply in the other vegetable oils, mainly the rapeseed oil market, are the major factors driving the export market for the countries, mentioned above.

Competitive Landscape of Global Soybean Oil Market:


The global soybean oil market is converged, with the significant players holding a substantial share in the market. The versatility of soybean oil is anticipated to emerge as an opportunity to attract many manufacturers in the food products industry across the world. In our report, the global soybean oil market consists of several primary and regional players engaged in the soybean oil industry. The major players in the market covered in our report are Kerry Group and Fuji oil company, Archer Daniels Midland, Cargill Foods, CHS Inc, Adam Group, SunOpta Inc., Pulmuone Co. Ltd, House Foods Group Inc., and Bunge Limited.

This new report titled “Soybean Oil Market & Volume, Global Forecast By Consumption (China, United States, Brazil, India, European Union, Argentina, Bangladesh, Mexico, Others), Production (China, United States, Brazil, Argentina, European Union, India, Mexico and Others), Import (India, China, Algeria, Bangladesh, Morocco, Peru, European Union, South Korea, Columbia, Others), Export (Argentina, Brazil, United States, European Union, Paraguay, Russia, Bolivia, Others), Company Analysis (Kerry Group and Fuji oil company, Archer Daniels Midland, Cargill Foods, CHS Inc, Adam Group, SunOpta Inc., Pulmuone Co. Ltd, House Foods Group Inc., and Bunge Limited)” provides a complete analysis of Worldwide Soybean Industry.

Countries - Market we have covered the market with 9 viewpoints:


  • China
  • United State
  • Brazil
  • India
  • European Union
  • Argentina
  • Banglades
  • Mexico
  • Other

Production - Market we have covered the market with 8 viewpoints:


  • China
  • United States
  • Brazil
  • Argentina
  • European Union
  • India
  • Mexico
  • Others

Import - Market we have covered the market with 10 viewpoints:


  • India
  • China
  • Algeria
  • Bangladesh
  • Morocco
  • Peru
  • European Union
  • South Korea
  • Columbia
  • Others

Export - Market we have covered the market with 8 viewpoints:


  • Argentina
  • Brazil
  • United States
  • European Union
  • Paraguay
  • Russia
  • Bolivia
  • Others

Company Insights:


  • Business overview
  • Recent Development
  • Sales Analysis

Key Players Analysis:


  • Kerry Group
  • Fuji oil company
  • Archer Daniels Midland
  • Cargill Foods
  • CHS Inc
  • Adam Group
  • SunOpta Inc.
  • Pulmuone Co. Ltd
  • House Foods Group Inc.
  • Bunge Limited
Frequently Asked Questions about the Global Soybean Oil Market

What is the estimated value of the Global Soybean Oil Market?

The Global Soybean Oil Market was estimated to be valued at $62.16 Billion in 2021.

What is the growth rate of the Global Soybean Oil Market?

The growth rate of the Global Soybean Oil Market is 2.9%, with an estimated value of $80.48 Billion by 2030.

What is the forecasted size of the Global Soybean Oil Market?

The Global Soybean Oil Market is estimated to be worth $80.48 Billion by 2030.

Who are the key companies in the Global Soybean Oil Market?

Key companies in the Global Soybean Oil Market include Kerry Group, Fuji oil company, Archer Daniels Midland, Cargill Foods, CHS Inc, Adam Group, SunOpta Inc., Pulmuone Co. Ltd and Bunge Limited.

Table of Contents

1. Introduction2. Research & Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenge
5. Global Soybean Oil Market
6. Market Share - Global Soya Bean Analysis
6.1 Market Share by Countries
6.2 Production Share by Countries
6.3 Import Share by Countries
6.4 Export Share by Countries
7. Countries - Global Soybean Oil Market
7.1 China
7.2 United States
7.3 Brazil
7.4 India
7.5 European Union
7.6 Argentina
7.7 Bangladesh
7.8 Mexico
7.9 Others
8. Production - Global Soybean Oil Market
8.1 China
8.2 United States
8.3 Brazil
8.4 Argentina
8.5 European Union
8.6 India
8.7 Mexico
8.8 Others
9. Import - Global Soybean Oil Market
9.1 India
9.2 China
9.3 Algeria
9.4 Bangladesh
9.5 Morocco
9.6 Peru
9.7 European Union
9.8 South Korea
9.9 Columbia
9.10 Others
10. Export - Global Soybean Oil Market
10.1 Argentina
10.2 Brazil
10.3 United States
10.4 European Union
10.5 Paraguay
10.6 Russia
10.7 Bolivia
10.8 Others
11. Porters Five Forces
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12. Key Players Analysis
12.1 Kerry Group
12.1.1 Business overview
12.1.2 Recent Development
12.1.3 Sales Analysis
12.2 Fuji oil company
12.2.1 Business overview
12.2.2 Recent Development
12.2.3 Sales Analysis
12.3 Archer Daniels Midland
12.3.1 Business overview
12.3.2 Recent Development
12.3.3 Sales Analysis
12.4 Cargill Foods
12.4.1 Business overview
12.4.2 Recent Development
12.4.3 Sales Analysis
12.5 CHS Inc
12.5.1 Business overview
12.5.2 Recent Development
12.5.3 Sales Analysis
12.6 Adam Group
12.6.1 Business overview
12.6.2 Recent Development
12.6.3 Sales Analysis
12.7 SunOpta Inc.
12.7.1 Business overview
12.7.2 Recent Development
12.7.3 Sales Analysis
12.8 Pulmuone Co. Ltd
12.8.1 Business overview
12.8.2 Recent Development
12.8.3 Sales Analysis
12.9 House Foods Group Inc.
12.9.1 Business overview
12.9.2 Recent Development
12.9.3 Sales Analysis
12.10 Bunge Limited
12.10.1 Business overview
12.10.2 Recent Development
12.10.3 Sales Analysis
List of Figures
Figure 01: Global - Soybean Oil Market (Billion US$), 2016 - 2021
Figure 02: Global - Forecast for Soybean Oil Market (Billion US$), 2022 - 2027
Figure 03: China - Soybean Oil Market (Billion US$), 2016 - 2021
Figure 04: China - Forecast for Soybean Oil Market (Billion US$), 2022 - 2027
Figure 05: United States - Soybean Oil Market (Billion US$), 2016 - 2021
Figure 06: United States - Forecast for Soybean Oil Market (Billion US$), 2022 - 2027
Figure 07: Brazil - Soybean Oil Market (Billion US$), 2016 - 2021
Figure 08: Brazil - Forecast for Soybean Oil Market (Billion US$), 2022 - 2027
Figure 09: India - Soybean Oil Market (Billion US$), 2016 - 2021
Figure 10: India - Forecast for Soybean Oil Market (Billion US$), 2022 - 2027
Figure 11: European Union - Soybean Oil Market (Billion US$), 2016 - 2021
Figure 12: European Union - Forecast for Soybean Oil Market (Billion US$), 2022 - 2027
Figure 13: Argentina - Soybean Oil Market (Billion US$), 2016 - 2021
Figure 14: Argentina - Forecast for Soybean Oil Market (Billion US$), 2022 - 2027
Figure 15: Bangladesh - Soybean Oil Market (Billion US$), 2016 - 2021
Figure 16: Bangladesh - Forecast for Soybean Oil Market (Billion US$), 2022 - 2027
Figure 17: Mexico - Soybean Oil Market (Billion US$), 2016 - 2021
Figure 18: Mexico - Forecast for Soybean Oil Market (Billion US$), 2022 - 2027
Figure 19: Others - Soybean Oil Market (Billion US$), 2016 - 2021
Figure 20: Others - Forecast for Soybean Oil Market (Billion US$), 2022 - 2027
Figure 21: China - Soybean Oil Production Volume (Thousand Metric Tons), 2016 - 2021
Figure 22: China - Forecast for Soybean Oil Production Volume (Thousand Metric Tons), 2022 - 2027
Figure 23: United States - Soybean Oil Production Volume (Thousand Metric Tons), 2016 - 2021
Figure 24: United States - Forecast for Soybean Oil Production Volume (Thousand Metric Tons), 2022 - 2027
Figure 25: Brazil - Soybean Oil Production Volume (Thousand Metric Tons), 2016 - 2021
Figure 26: Brazil - Forecast for Soybean Oil Production Volume (Thousand Metric Tons), 2022 - 2027
Figure 27: Argentina - Soybean Oil Production Volume (Thousand Metric Tons), 2016 - 2021
Figure 28: Argentina - Forecast for Soybean Oil Production Volume (Thousand Metric Tons), 2022 - 2027
Figure 29: European Union - Soybean Oil Production Volume (Thousand Metric Tons), 2016 - 2021
Figure 30: European Union - Forecast for Soybean Oil Production Volume (Thousand Metric Tons), 2022 - 2027
Figure 31: India - Soybean Oil Production Volume (Thousand Metric Tons), 2016 - 2021
Figure 32: India - Forecast for Soybean Oil Production Volume (Thousand Metric Tons), 2022 - 2027
Figure 33: Mexico - Soybean Oil Production Volume (Thousand Metric Tons), 2016 - 2021
Figure 34: Mexico - Forecast for Soybean Oil Production Volume (Thousand Metric Tons), 2022 - 2027
Figure 35: Others - Soybean Oil Production Volume (Thousand Metric Tons), 2016 - 2021
Figure 36: Others - Forecast for Soybean Oil Production Volume (Thousand Metric Tons), 2022 - 2027
Figure 37: India - Soybean Oil Import Volume (Thousand Metric Tons), 2016 - 2021
Figure 38: India - Forecast for Soybean Oil Import Volume (Thousand Metric Tons), 2022 - 2027
Figure 39: China - Soybean Oil Import Volume (Thousand Metric Tons), 2016 - 2021
Figure 40: China - Forecast for Soybean Oil Import Volume (Thousand Metric Tons), 2022 - 2027
Figure 41: Algeria - Soybean Oil Import Volume (Thousand Metric Tons), 2016 - 2021
Figure 42: Algeria - Forecast for Soybean Oil Import Volume (Thousand Metric Tons), 2022 - 2027
Figure 43: Bangladesh - Soybean Oil Import Volume (Thousand Metric Tons), 2016 - 2021
Figure 44: Bangladesh - Forecast for Soybean Oil Import Volume (Thousand Metric Tons), 2022 - 2027
Figure 45: Morocco - Soybean Oil Import Volume (Thousand Metric Tons), 2016 - 2021
Figure 46: Morocco - Forecast for Soybean Oil Import Volume (Thousand Metric Tons), 2022 - 2027
Figure 47: Peru - Soybean Oil Import Volume (Thousand Metric Tons), 2016 - 2021
Figure 48: Peru - Forecast for Soybean Oil Import Volume (Thousand Metric Tons), 2022 - 2027
Figure 49: European Union - Soybean Oil Import Volume (Thousand Metric Tons), 2016 - 2021
Figure 50: European Union - Forecast for Soybean Oil Import Volume (Thousand Metric Tons), 2022 - 2027
Figure 51: South Korea - Soybean Oil Import Volume (Thousand Metric Tons), 2016 - 2021
Figure 52: South Korea - Forecast for Soybean Oil Import Volume (Thousand Metric Tons), 2022 - 2027
Figure 53: Columbia - Soybean Oil Import Volume (Thousand Metric Tons), 2016 - 2021
Figure 54: Columbia - Forecast for Soybean Oil Import Volume (Thousand Metric Tons), 2022 - 2027
Figure 55: Others - Soybean Oil Import Volume (Thousand Metric Tons), 2016 - 2021
Figure 56: Others - Forecast for Soybean Oil Import Volume (Thousand Metric Tons), 2022 - 2027
Figure 57: Argentina - Soybean Oil Export Volume (Thousand Metric Tons), 2016 - 2021
Figure 58: Argentina - Forecast for Soybean Oil Export Volume (Thousand Metric Tons), 2022 - 2027
Figure 59: Brazil - Soybean Oil Export Volume (Thousand Metric Tons), 2016 - 2021
Figure 60: Brazil - Forecast for Soybean Oil Export Volume (Thousand Metric Tons), 2022 - 2027
Figure 61: United States - Soybean Oil Export Volume (Thousand Metric Tons), 2016 - 2021
Figure 62: United States - Forecast for Soybean Oil Export Volume (Thousand Metric Tons), 2022 - 2027
Figure 63: European Union - Soybean Oil Export Volume (Thousand Metric Tons), 2016 - 2021
Figure 64: European Union - Forecast for Soybean Oil Export Volume (Thousand Metric Tons), 2022 - 2027
Figure 65: Paraguay - Soybean Oil Export Volume (Thousand Metric Tons), 2016 - 2021
Figure 66: Paraguay - Forecast for Soybean Oil Export Volume (Thousand Metric Tons), 2022 - 2027
Figure 67: Russia - Soybean Oil Export Volume (Thousand Metric Tons), 2016 - 2021
Figure 68: Russia - Forecast for Soybean Oil Export Volume (Thousand Metric Tons), 2022 - 2027
Figure 69: Bolivia - Soybean Oil Export Volume (Thousand Metric Tons), 2016 - 2021
Figure 70: Bolivia - Forecast for Soybean Oil Export Volume (Thousand Metric Tons), 2022 - 2027
Figure 71: Others - Soybean Oil Export Volume (Thousand Metric Tons), 2016 - 2021
Figure 72: Others - Forecast for Soybean Oil Export Volume (Thousand Metric Tons), 2022 - 2027
Figure 73: Kerry Group - Global Revenue (Million US$), 2017 - 2021
Figure 74: Kerry Group - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 75: Fuji oil company - Global Revenue (Million US$), 2017 - 2021
Figure 76: Fuji oil company - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 77: Archer Daniels Midland - Global Revenue (Million US$), 2017 - 2021
Figure 78: Archer Daniels Midland - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 79: Cargill Foods - Global Revenue (Million US$), 2017 - 2021
Figure 80: Cargill Foods - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 81: CHS Inc - Global Revenue (Million US$), 2017 - 2021
Figure 82: CHS Inc - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 83: Adam Group - Global Revenue (Million US$), 2017 - 2021
Figure 84: Adam Group - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 85: SunOpta Inc. - Global Revenue (Million US$), 2017 - 2021
Figure 86: SunOpta Inc. - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 87: Pulmuone Co. Ltd - Global Revenue (Million US$), 2017 - 2021
Figure 88: Pulmuone Co. Ltd - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 89: House Foods Group Inc. - Global Revenue (Million US$), 2017 - 2021
Figure 90: House Foods Group Inc. - Forecast for Global Revenue (Million US$), 2022 - 2027
Figure 91: Bunge Limited - Global Revenue (Million US$), 2017 - 2021
Figure 92: Bunge Limited - Forecast for Global Revenue (Million US$), 2022 - 2027
List of Tables
Table 01: Global - Soybean Oil Market Share by Countries (Percent), 2016 - 2021
Table 02: Global - Forecast for Soybean Oil Market Share by Countries (Percent), 2022 - 2027
Table 03: Global - Soybean Oil Production Share by Countries (Percent), 2016 - 2021
Table 04: Global - Forecast for Soybean Oil Production Share by Countries (Percent), 2022 - 2027
Table 05: Global - Soybean Oil Import Share by Countries (Percent), 2016 - 2021
Table 06: Global - Forecast for Soybean Oil Import Share by Countries (Percent), 2022 - 2027
Table 07: Global - Soybean Oil Export Share by Countries (Percent), 2016 - 2021
Table 08: Global - Forecast for Soybean Oil Export Share by Countries (Percent), 2022 - 2027

Companies Mentioned

  • Kerry Group
  • Fuji oil company
  • Archer Daniels Midland
  • Cargill Foods
  • CHS Inc
  • Adam Group
  • SunOpta Inc.
  • Pulmuone Co. Ltd
  • House Foods Group Inc.
  • Bunge Limited

Methodology

In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.

Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.

Primary Research

The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develop the analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth, and forecast

The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:

  • Chief executives and VPs of leading corporations specific to the industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
  • Key opinion leaders (KOLs)

Secondary Research

The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, webcasts, and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
 

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