According to IMARC Group’s latest report, titled “Soybean Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”,offers a comprehensive analysis of the industry, which comprises insights on the market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global soybean oil market size reached 60.0 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 67.6 Million Tons by 2028, exhibiting a growth rate (CAGR) of 1.9% during 2023-2028. Soybean oil represents a clear yellow type of lubricant extracted from the seeds of the soybean. It is a rich source of vital nutrients, including vitamins, proteins, fatty acids, and plant sterols. Soybean oil is preferred for cooking in households and restaurants, owing to its neutral taste, high smoke point, and negligible saturated fat content. In addition, it aids in improving immunity, preventing osteoporosis, managing heart health, boosting skin and eye health, lowering cholesterol levels, reducing the threat of cognitive disorders, etc. As a result, soybean oil finds widespread applications across various sectors, such as residential, feed, commercial, industrial, food and beverage (F&B), etc.
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Soybean Oil Market Trends:
The escalating product demand, on account of the affordable price compared to other edible oils, including olive, coconut, and groundnut, is among the primary factors driving the soyabean oil market. Besides this, the increasing need for home-cooked items in place of ready-to-eat (RTE) commodities, owing to the rising number of health issues, such as obesity, cardiovascular diseases, and high cholesterol in individuals and the changing consumer dietary habits, is further augmenting the market growth. Moreover, the growing popularity of soyabean oil as a sustainable replacement for petrochemicals and carcinogens in several industrial applications is also catalyzing the global market. Apart from this, the elevating product requirement in the food and beverage (F&B) sector for preparing margarine, mayonnaise, sauces, potato chips, non-dairy creamers, whipped toppings, etc., is acting as another significant growth-inducing factor. Furthermore, the introduction of this lubricant in manufacturing resins, caulks, plastics, biodiesel, insecticides, animal feed, etc., is expected to bolster the soyabean oil market in the coming years.
Soybean Oil Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the soybean oil market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Archer Daniels Midland Company
- Bunge Limited
- Cargill, Incorporated
- Louis Dreyfus Company B.V.
- Wilmar International Limited
Key Market Segmentation:
The report has segmented the global soybean oil market on the basis of end-use and region.
Breakup by End-Use:
- Food
- Feed
- Industrial
Breakup by Region:
- China
- United States
- Brazil
- Europe
- Argentina
- India
- Others
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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Explore TOC and List of Figures:
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Soybean Industry
5.1 Market Performance
5.1.1 Volume Trends
5.1.2 Value Trends
5.2 Market by End-Use
5.3 Market by Region
5.4 Market Forecast
6 Global Edible Oil Industry
6.1 Market Performance
6.2 Market by Region
6.3 Market by Oil Type
6.4 Market Forecast
7 Global Soybean Oil Industry
7.1 Market Overview
7.2 Market Performance
7.3 Impact of COVID-19
7.4 Price Analysis
7.4.1 Key Price Indicators
7.4.2 Price Structure
7.4.3 Price Trends
7.5 Market Breakup by Region
7.6 Market Breakup by End-Use
7.7 Market Forecast
7.8 SWOT Analysis
7.8.1 Overview
7.8.2 Strengths
7.8.3 Weaknesses
7.8.4 Opportunities
7.8.5 Threats
7.9 Value Chain Analysis
7.9.1 Raw Material Procurement
7.9.2 Manufacturing
7.9.3 Marketing
7.9.4 Distribution
7.9.5 Exports
7.9.6 End-Use
7.10 Porter’s Five Forces Analysis
7.10.1 Overview
7.10.2 Bargaining Power of Buyers
7.10.3 Bargaining Power of Suppliers
7.10.4 Degree of Competition
7.10.5 Threat of New Entrants
7.10.6 Threat of Substitutes
7.11 Key Market Drivers and Success Factors
8 Market Performance by End-Use
8.1 Food
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Feed
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Industrial
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Performance of Key Regions
9.1 China
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 United States
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Brazil
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Europe
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Argentina
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 India
9.6.1 Market Trends
9.6.2 Market Forecast
9.7 Others
9.7.1 Market Trends
9.7.2 Market Forecast
10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
11 Soybean Oil Processing
11.1 Product Overview
11.2 Detailed Process Flow
11.3 Various Types of Unit Operations Involved
11.4 Mass Balance and Raw Material Requirements
12 Project Details, Requirements and Costs Involved
12.1 Land Requirements and Expenditures
12.2 Construction Requirements and Expenditures
12.3 Plant Layout
12.4 Plant Machinery
12.5 Machinery Pictures
12.6 Raw Material Requirements and Expenditures
12.7 Raw Material and Final Product Pictures
12.8 Packaging Requirements and Expenditures
12.9 Transportation Requirements and Expenditures
12.10 Utility Requirements and Expenditures
12.11 Manpower Requirements and Expenditures
12.12 Other Capital Investments
13 Loans and Financial Assistance
14 Project Economics
14.1 Capital Cost of the Project
14.2 Techno-Economic Parameters
14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
14.4 Taxation and Depreciation
14.5 Income Projections
14.6 Expenditure Projections
14.7 Financial Analysis
14.8 Profit Analysis
15 Key Player Profiles
15.1 Archer Daniels Midland Company
15.2 Bunge Limited
15.3 Cargill, Incorporated
15.4 Louis Dreyfus Company B.V.
15.5 Wilmar International Limited
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