Soy Oil & Palm Oil Market Accelerate the Growth Scope At a CAGR 6.1 % by 2026 | Cargill, Inc., PT Astra Agro Lestari Tbk, Wilmar International Ltd

Soy oil, also known as soybean oil, is a vegetable oil derived from soybean seeds. Palm oil is an edible vegetable oil derived from the reddish pulp of oil palm fruit. Soy oil is primarily consumed by the food industry. Aside from the food industry, soy oil is used in resin and plastic, biofuels, paint and varnish, the production of fatty acids, and other non-food applications such as drying oil.The health benefits of soy oil and palm oil, combined with their low cost, are driving the growth of the soy oil and palm oil markets. According to the US Department of Agriculture, the annual average price for rapeseed oil in 2012 was US$ 1258/tonne, sunflower oil was US$ 1254/tonne, soybean oil was US$ 1241/tonne, and palm oil was US$ 1032/tonne. This demonstrates that the price of soybean and palm oil is lower than that of other substitute oils, and thus it is expected to see high demand in terms of volume over the forecast period.

The global soy oil and palm oil market is expected to reach US$ 131,253.4 million by 2026, with a CAGR of 6.1 percent from 2018 to 2026.

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Companies Covered as part of this study include: Cargill, Inc., PT Astra Agro Lestari Tbk, Wilmar International Ltd, Malaysian Palm Oil Council (MPOC), Carotino Sdn Bhd, Yee Lee Corporation Bhd, IOI Corporation Berhad, Archer Daniels Midland Company, DowDuPont Inc., Guangxi Long'an Ruifeng Induetrial & Trading Co., Ltd among others...
 
Market Trends

Because of rising demand for palm oil in the food industry, the palm oil segment is gaining significant market traction. Palm oil is widely used in the food industry as cooking/frying oil, shortenings, margarine, and confectionary fats.In 2017, Asia Pacific accounted for a sizable market share. The production of soy oil and palm oil is expected to rise during the forecast period, owing to the expanding food and biofuel industries. For example, starting in September 2018, Indonesia made palm oil-derived biofuel blends mandatory in all vehicles and heavy machinery. Other countries, including China, Japan, India, Australia, New Zealand, and Malaysia, are developing policies for vehicle biofuel blends.
 
 Report Purchase Motives:
• The paper examines how Soy Oil & Palm Oil is expected to grow in the future.
• Examine various perspectives on the Soy Oil & Palm Oil using Porter's five forces analysis.
• The product type expected to dominate the Soy Oil & Palm Oil market, as well as the regions expected to grow the fastest over the forecast period, are investigated.
• Recognize the new advancements, Soy Oil & Palm Oil shares, and policies of the leading market participants.
• Over the last five years, the competitive landscape has included the Soy Oil & Palm Oil share of significant firms as well as important development policies.
• Comprehensive company profiles that include the product offerings of the major Soy Oil & Palm Oil players, critical financial information, current advancements, SWOT analysis, and strategies.
 
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