The global soybean oil market size reached 60.0 Million Tons in 2022. Looking forward, the publisher expects the market to reach 67.6 Million Tons by 2028, exhibiting a CAGR of 2.01% during 2022-2028.
Soybean oil refers to a clear yellow vegetable oil which is extracted from the seeds of soybean. It is a rich source of essential nutrients like vitamins, proteins, fatty acids and plant sterols. As a result, soybean oil helps in improving immunity, preventing osteoporosis, managing heart health, boosting skin and eye health, lowering cholesterol levels, and reducing the threat of cognitive disorders. Over the years, 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.
2. What is the expected growth rate of the global soybean oil market during 2023-2028?
3. What are the key factors driving the global soybean oil market?
4. What has been the impact of COVID-19 on the global soybean oil market?
5. What is the breakup of the global soybean oil market based on the end-use?
6. What are the key regions in the global soybean oil market?
7. Who are the key companies/players in the global soybean oil market?
Soybean oil refers to a clear yellow vegetable oil which is extracted from the seeds of soybean. It is a rich source of essential nutrients like vitamins, proteins, fatty acids and plant sterols. As a result, soybean oil helps in improving immunity, preventing osteoporosis, managing heart health, boosting skin and eye health, lowering cholesterol levels, and reducing the threat of cognitive disorders. Over the years, 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.
Global Soybean Oil Industry Drivers:
- One of the major factors driving the demand for soybean oil worldwide is its affordable price. Soybean oil is relatively less expensive than most other edible oils such as olive oil, canola oil, coconut oil, and groundnut oil. As a result, it is immensely popular in price sensitive markets, particularly in the developing regions
- Nowadays, consumers who suffer from health-conditions like obesity, high cholesterol and cardiovascular diseases are incorporating soybean oil in their food. Increasing health-consciousness has created a shift from ready-to-eat (RTE) products to home cooked items which is further catalyzing the growth of the soybean oil market
- Apart from its health benefits, soybean oil has various functional properties on account of which it is employed in several food and non-food applications. In the food industry, soybean oil is used in the preparation of sauces, dressings, margarine, shortening, mayonnaise, potato chips, non-dairy creamers and whipped toppings. On the other hand, in the non-food industry, soybean oil is utilized for manufacturing resins, caulks, mastics, plastics, biodiesel, insecticides and animal feed
- Soybean oil is produced in countries ranging from China to the United States. As a result of its wide availability, coupled with its relatively low price, soybean oil represents a sustainable replacement for petrochemicals and known carcinogens in various industrial applications
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global soybean oil market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on end-use.Breakup by End-Use:
- Food
- Feed
- Industrial
Regional Insights:
- China
- United States
- Brazil
- Europe
- Argentina
- India
- Others
Competitive Landscape:
The competitive structure of the soybean oil market has also been analyzed and has been found to be concentrated in nature. Some of the largest players operating in the market include:
- Archer Daniels Midland Company
- Bunge Limited
- Cargill, Incorporated
- Louis Dreyfus Company B.V
- Wilmar International Limited
Key Questions Answered in This Report
1. What was the size of the global soybean oil market in 2022?2. What is the expected growth rate of the global soybean oil market during 2023-2028?
3. What are the key factors driving the global soybean oil market?
4. What has been the impact of COVID-19 on the global soybean oil market?
5. What is the breakup of the global soybean oil market based on the end-use?
6. What are the key regions in the global soybean oil market?
7. Who are the key companies/players in the global soybean oil market?
Table of Contents
1 Preface3 Executive Summary13 Loans and Financial Assistance
2 Scope and Methodology
4 Introduction
5 Global Soybean Industry
6 Global Edible Oil Industry
7 Global Soybean Oil Industry
8 Market Performance by End-Use
9 Market Performance of Key Regions
10 Competitive Landscape
11 Soybean Oil Processing
12 Project Details, Requirements and Costs Involved
14 Project Economics
15 Key Player Profiles
List of Figures
List of Tables
Companies Mentioned
- Archer Daniels Midland Company
- Bunge Limited
- Cargill Incorporated
- Louis Dreyfus Company B.V.
- Wilmar International Limited
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 127 |
Published | March 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value in 2022 | 60 Million Tons |
Forecasted Market Value by 2028 | 67.6 Million Tons |
Compound Annual Growth Rate | 2.0% |
Regions Covered | Global |
No. of Companies Mentioned | 5 |