Soybean Oil Market 2023: Size, Top Companies, Global Industry Analysis, Trends and Forecast to 2028

According to IMARC Group's latest report, titled "𝐒𝐨𝐲𝐛𝐞𝐚𝐧 𝐎𝐢𝐥 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖", 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 is a pale yellow, dried, or semi-dried edible oil produced by dehulling, crushing, refining, and distilling soybean seeds to remove contaminants. It is rich in omega-3 fatty acids, plant sterols, and proteins. These nutrients reduce low-density lipoprotein (LDL) cholesterol, treat osteoarthritis, and improve heart health, skin texture, and eye condition. Additionally, soybean oil has a neutral taste, high smoke point, and low saturated and trans fat levels; therefore, it is extensively employed in baking, frying, cooking, and garnishing salads. Apart from this, soybean oil finds extensive applications in resins, caulks, mastics, plastics, biodiesel, insecticides, animal feed, drying oil, and paints.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐛𝐫𝐨𝐜𝐡𝐮𝐫𝐞: https://www.imarcgroup.com/soybean-oil-processing-plant/requestsample

𝐒𝐨𝐲𝐛𝐞𝐚𝐧 𝐎𝐢𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬:

The shifting consumer inclination towards healthy oils, such as soybean oil, with no trans and low saturated fats is primarily driving the market growth. Moreover, the escalating product demand from the food and beverage (F&B) industry for preparing ready-to-eat (RTE) meals, including salad dressings, sauces, and baked goods, is favoring the market growth. Additionally, governments of several nations are funding the integration of soybean oil in the production of biodiesel as a sustainable alternative to petrochemicals, which, in turn, is impelling the market growth. Besides this, the large-scale incorporation of soybean oil in animal feed, pharmaceutical, and personal care products, the increasing yield of soy crops, and the easy availability of the oil across multiple distribution channels are contributing to the market growth.

𝐂𝐡𝐞𝐜𝐤𝐨𝐮𝐭 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=578&method=1

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

𝗔𝘀𝗸 𝗔𝗻𝗮𝗹𝘆𝘀𝘁 𝗳𝗼𝗿 𝟭𝟬% 𝗳𝗿𝗲𝗲 𝗰𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗲𝗱 𝗿𝗲𝗽𝗼𝗿𝘁: https://www.imarcgroup.com/request?type=report&id=578&flag=C

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.

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝗨𝗦:

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This release was published on openPR.