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Global Soybean Oil Market Report and Forecast 2024-2032

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    Report

  • 190 Pages
  • November 2023
  • Region: Global
  • Expert Market Research
  • ID: 5921434
Description Jump to:
According to the report, the global soybean oil market is projected to grow at a CAGR of 1.4% between 2024 and 2032. Aided by the mounting demand for healthier edible oils and its widening industrial applications, the market is expected to grow significantly by 2032.

Soybean oil is primarily extracted from the seeds of the soybean plant and stands as one of the most consumed edible oils globally. Being a rich source of essential fatty acids, vitamins, and phytosterols, soybean oil serves as a cornerstone for a balanced diet, promoting heart health and enhancing the body’s immune system. Beyond its health benefits, soybean oil exhibits remarkable emollient, antioxidant, and anti-inflammatory properties, securing its spot in several industrial verticals, notably in the production of paints, plastics, and biofuels.

A pivotal factor augmenting the global soybean oil market outlook is the evolving consumer inclination towards healthier dietary fats. As the adverse effects of saturated fats become more evident, a global shift towards oils with a better unsaturated fatty acid profile, like soybean oil, is palpable. This health-driven transition is buoyed by rising awareness campaigns and the endorsements of nutritionists and health experts, which celebrate the cardiovascular and metabolic benefits of soybean oil.

The health and wellness trend, gaining momentum worldwide, has further accentuated soybean oil’s stature, especially among fitness aficionados and health-conscious individuals. Recognized for its potential in reducing LDL cholesterol and its role in enhancing skin health, soybean oil has become a dietary staple for many aiming for holistic wellness.

Parallelly, the diversifying applications of soybean oil across various industries are reinforcing the global soybean oil market growth. In the realm of pharmaceuticals, soybean oil finds usage as a base for ointments and soft gelatine capsules. The cosmetics sector, on the other hand, leverages its hydrating and antioxidant properties to formulate moisturizers, sunscreens, and other skincare products. Its attributes of biodegradability and renewability position soybean oil as a preferred raw material in the production of eco-friendly biofuels and bioplastics.

Moreover, the booming vegan and vegetarian trends have accentuated the demand for plant-derived products, leading to a surge in the consumption of soybean oil as an alternative to animal fats. This shift has further amplified the soybean oil market demand.

Market Segmentation

The market can be divided based on end use and region.

Market Breakup by End Use

  • Food
  • Feed
  • Industrial
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global soybean oil market. Some of the major players explored in the report are as follows:
  • Archer Daniels Midland Company (ADM)
  • Bunge Limited
  • Cargill, Inc.
  • Wilmar International Ltd.
  • AG Processing Inc. (AGP)
  • Olam Agri Holdings Pte Ltd.
  • Louis Dreyfus Company B.V.
  • CHS Inc.
  • Aceitera General Deheza
  • IB Group
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Soybean Market Overview
8.1 Key Industry Highlights
8.2 Global Soybean Historical Market (2018-2023)
8.3 Global Soybean Market Forecast (2024-2032)
8.4 Global Soybean Market by End Use
8.5 Global Soybean Market by Region
9 Global Edible Oil Market Overview
9.1 Key Industry Highlights
9.2 Global Edible Oil Historical Market (2018-2023)
9.3 Global Edible Oil Market Forecast (2024-2032)
9.4 Global Edible Oil Market by Type
9.5 Global Edible Oil Market by Region
10 Global Soybean Oil Market Analysis
10.1 Key Industry Highlights
10.2 Global Soybean Oil Historical Market (2018-2023)
10.3 Global Soybean Oil Market Forecast (2024-2032)
10.4 Global Soybean Oil Market by End Use
10.4.1 Food
10.4.1.1 Market Share
10.4.1.2 Historical Trend (2018-2023)
10.4.1.3 Forecast Trend (2024-2032)
10.4.2 Feed
10.4.2.1 Market Share
10.4.2.2 Historical Trend (2018-2023)
10.4.2.3 Forecast Trend (2024-2032)
10.4.3 Industrial
10.4.3.1 Market Share
10.4.3.2 Historical Trend (2018-2023)
10.4.3.3 Forecast Trend (2024-2032)
10.4.4 Others
10.5 Global Soybean Oil Market by Region
10.5.1 Market Share
10.5.1.1 North America
10.5.1.2 Europe
10.5.1.3 Asia Pacific
10.5.1.4 Latin America
10.5.1.5 Middle East and Africa
11 Regional Analysis
11.1 North America
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.1.3 Breakup by Country
11.1.3.1 United States of America
11.1.3.2 Canada
11.2 Europe
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.2.3 Breakup by Country
11.2.3.1 United Kingdom
11.2.3.2 Germany
11.2.3.3 France
11.2.3.4 Italy
11.2.3.5 Others
11.3 Asia Pacific
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.3.3 Breakup by Country
11.3.3.1 China
11.3.3.2 Japan
11.3.3.3 India
11.3.3.4 ASEAN
11.3.3.5 Australia
11.3.3.6 Others
11.4 Latin America
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.4.3 Breakup by Country
11.4.3.1 Brazil
11.4.3.2 Argentina
11.4.3.3 Mexico
11.4.3.4 Others
11.5 Middle East and Africa
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.5.3 Breakup by Country
11.5.3.1 Saudi Arabia
11.5.3.2 United Arab Emirates
11.5.3.3 Nigeria
11.5.3.4 South Africa
11.5.3.5 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter's Five Forces Analysis
12.2.1 Supplier's Power
12.2.2 Buyers Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Value Chain Analysis
14 Trade Data Analysis (HS Code - 1507)
14.1 Major Importing Countries
14.1.1 By Volume
14.1.2 By Value
14.2 Major Exporting Countries
14.2.1 By Volume
14.2.2 By Value
15 Price Analysis
15.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
15.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
15.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
15.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
15.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
16 Manufacturing Process
16.1 Detailed Process Flow
16.2 Operations Involved
16.3 Mass Balance
17 Project Details and Cost Analysis
17.1 Land, Location and Site Development
17.2 Construction
17.3 Plant Layout
17.4 Plant Machinery
17.5 Raw Material Requirement
17.6 Packaging
17.7 Transportation
17.8 Utilities
17.9 Manpower
17.10 Other Capital Investment
18 Loans and Financial Assistance
19 Project Economics
19.1 Capital Cost of Project
19.2 Techno-Economic Parameters
19.3 Product Pricing and Margins
19.4 Taxation and Depreciation
19.5 Income Projections
19.6 Expenditure Projections
19.7 Financial Analysis
20 Competitive Landscape
20.1 Market Structure
20.2 Key Players' Market Share
20.3 Company Profiles
20.3.1 Archer Daniels Midland Company (ADM)
20.3.1.1 Company Overview
20.3.1.2 Product Portfolio
20.3.1.3 Demographic Reach and Achievements
20.3.1.4 Financial Summary
20.3.1.5 Certifications
20.3.2 Bunge Limited
20.3.2.1 Company Overview
20.3.2.2 Product Portfolio
20.3.2.3 Demographic Reach and Achievements
20.3.2.4 Financial Summary
20.3.2.5 Certifications
20.3.3 Cargill, Inc.
20.3.3.1 Company Overview
20.3.3.2 Product Portfolio
20.3.3.3 Demographic Reach and Achievements
20.3.3.4 Financial Summary
20.3.3.5 Certifications
20.3.4 Wilmar International Ltd.
20.3.4.1 Company Overview
20.3.4.2 Product Portfolio
20.3.4.3 Demographic Reach and Achievements
20.3.4.4 Financial Summary
20.3.4.5 Certifications
20.3.5 AG Processing Inc. (AGP)
20.3.5.1 Company Overview
20.3.5.2 Product Portfolio
20.3.5.3 Demographic Reach and Achievements
20.3.5.4 Financial Summary
20.3.5.5 Certifications
20.3.6 Olam Agri Holdings Pte Ltd.
20.3.6.1 Company Overview
20.3.6.2 Product Portfolio
20.3.6.3 Demographic Reach and Achievements
20.3.6.4 Financial Summary
20.3.6.5 Certifications
20.3.7 Louis Dreyfus Company B.V.
20.3.7.1 Company Overview
20.3.7.2 Product Portfolio
20.3.7.3 Demographic Reach and Achievements
20.3.7.4 Financial Summary
20.3.7.5 Certifications
20.3.8 CHS Inc.
20.3.8.1 Company Overview
20.3.8.2 Product Portfolio
20.3.8.3 Demographic Reach and Achievements
20.3.8.4 Financial Summary
20.3.8.5 Certifications
20.3.9 Aceitera General Deheza
20.3.9.1 Company Overview
20.3.9.2 Product Portfolio
20.3.9.3 Demographic Reach and Achievements
20.3.9.4 Financial Summary
20.3.9.5 Certifications
20.3.10 IB Group
20.3.10.1 Company Overview
20.3.10.2 Product Portfolio
20.3.10.3 Demographic Reach and Achievements
20.3.10.4 Financial Summary
20.3.10.5 Certifications
20.3.11 Others
21 Industry Events and Developments
List of Key Figures and Tables
1. Global Soybean Market: Key Industry Highlights, 2018 and 2032
2. Global Soybean Historical Market: Breakup by End Use (Million Tons), 2018-2023
3. Global Soybean Market Forecast: Breakup by End Use (Million Tons), 2024-2032
4. Global Soybean Historical Market: Breakup by Region (Million Tons), 2018-2023
5. Global Edible Oil Market Forecast: Breakup by Region (Million Tons), 2024-2032
6. Global Edible Oil Market: Key Industry Highlights, 2018 and 2028
7. Global Edible Oil Historical Market: Breakup by Type (Million Tons), 2018-2023
8. Global Edible Oil Market Forecast: Breakup by Type (Million Tons), 2024-2032
9. Global Edible Oil Historical Market: Breakup by Region (Million Tons), 2018-2023
10. Global Edible Oil Market Forecast: Breakup by Region (Million Tons), 2024-2032
11. Global Soybean Oil Market: Key Industry Highlights, 2018 and 2028
12. Global Soybean Oil Historical Market: Breakup by End Use (Million Tons), 2018-2023
13. Global Soybean Oil Market Forecast: Breakup by End Use (Million Tons), 2024-2032
14. Global Soybean Oil Historical Market: Breakup by Region (Million Tons), 2018-2023
15. Global Soybean Oil Market Forecast: Breakup by Region (Million Tons), 2024-2032
16. North America Soybean Oil Historical Market: Breakup by Country (Million Tons), 2018-2023
17. North America Soybean Oil Market Forecast: Breakup by Country (Million Tons), 2024-2032
18. Europe Soybean Oil Historical Market: Breakup by Country (Million Tons), 2018-2023
19. Europe Soybean Oil Market Forecast: Breakup by Country (Million Tons), 2024-2032
20. Asia Pacific Soybean Oil Historical Market: Breakup by Country (Million Tons), 2018-2023
21. Asia Pacific Soybean Oil Market Forecast: Breakup by Country (Million Tons), 2024-2032
22. Latin America Soybean Oil Historical Market: Breakup by Country (Million Tons), 2018-2023
23. Latin America Soybean Oil Market Forecast: Breakup by Country (Million Tons), 2024-2032
24. Middle East and Africa Soybean Oil Historical Market: Breakup by Country (Million Tons), 2018-2023
25. Middle East and Africa Soybean Oil Market Forecast: Breakup by Country (Million Tons), 2024-2032
26. Major Importing Countries by Volume (2020)
27. Major Exporting Countries by Volume (2020)
28. Major Importing Countries by Value (2020)
29. Major Exporting Countries by Value (2020)
30. North America Historical Price Trends and Forecast 2018-2028
31. Europe Historical Price Trends and Forecast 2018-2028
32. Asia Pacific Historical Price Trends and Forecast 2018-2028
33. Latin America Historical Price Trends and Forecast 2018-2028
34. Middle East and Africa Historical Price Trends and Forecast 2018-2028
35. Global Soybean Oil Market Structure

Companies Mentioned

  • Archer Daniels Midland Company (ADM)
  • Bunge Limited
  • Cargill Inc.
  • Wilmar International Ltd.
  • AG Processing Inc. (AGP)
  • Olam Agri Holdings Pte Ltd.
  • Louis Dreyfus Company B.V.
  • CHS Inc. Aceitera General Deheza
  • IB Group Others

Methodology

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