Press release
Soybean Oil Market Growing Demand And Growth Opportunity Industry Trends and Forecast to 2029
Global Soybean Oil Market
With the rising consciousness among the individuals to improve their health and improve the functioning of vital bodily organs, there is a huge demand and supply of soybean oil all around the globe. Soybean oil provides a range of health benefits such as maintaining the healthy bodily weight, diminishing ratio of cholesterol and overweight and improve the functioning of the immunity system.
Data Bridge Market Research analyses that the soybean oil market is expected to undergo a CAGR of 4.40% during the forecast period. This indicates that the market value, which was USD 48.77 billion in 2021, would rocket up to USD 68.83 billion by 2029. "Organic Soybean Oil" dominates the product type segment of the soybean oil market owing to the rising consumer awareness regarding the benefits of organic beverages and growing diabetic population. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
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Some of the major players operating in the soybean oil market are:
DSM (Netherlands)
ADM (US)
DuPont (US)
Cargill Incorporated. (US)
CHS Inc. (US)
Kerry Group plc (Ireland)
Wilmar International Ltd (Singapore)
The Nisshin OilliO Group, Ltd. (Japan)
Ruchi Soya Industries Ltd. (India)
Ag Processing Inc. (US)
Devansoy Inc. (US)
Blue Diamond Growers (US)
Dean Foods (US)
Eden Foods Inc. (US)
House Foods America Corporation. (US)
The Hain Celestial Group (US)
Pulmuone Foods USA (US)
Vitasoy International Holdings Limited. (Hong Kong)
Tofurky (US)
Global Soybean Oil Market Scope
The soybean oil market is segmented on the basis of product type, application, ingredients, end user, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product type
Organic Soybean Oil
Conventional Soybean Oil
On the basis of product type, the soybean oil market is segmented into organic soybean oil, and conventional soybean oil.
Application
Margarine
Frozen Foods
Salad Dressings
Shortenings
Baked Food
Cosmetics and Personal Care Products
Animal Agriculture
Others
On the basis of application, the soybean oil market is segmented into margarine, frozen foods, salad dressings, shortenings, baked food, cosmetics and personal care products, animal agriculture others.
Ingredients
Omega-3 Fats
Vitamin E
Low Saturated Fats
Polyunsaturated Fats
On the basis of ingredients, the soybean oil market is segmented into omega-3 fats, vitamin E, low saturated fats, and polyunsaturated fats.
Distribution channel
Supermarket/Hypermarket
Convenience Stores
Wholesaler/Distributor
Neighbourhood Stores
On the basis of distribution channel, the soybean oil market is segmented into supermarket/hypermarket, convenience stores, wholesaler/distributor, and neighborhood stores.
End user
Commercial
Household
On the basis of end user, the soybean oil market is segmented into commercial and household
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Soybean Oil Market Dynamics
Drivers
Rising prevalence of obesity
Growing population base of overweight and obese individuals globally is one of the major factor fostering the growth of the market. One of the biggest reasons for the same is the high consumption rate of junk and unhealthy food. India, Germany, China, United States and United Kingdom have the highest obese population base in the world. Soybean oil helps to increase the metabolism which in turn helps in burning the bad fat in the body.
Research and development proficiencies
Rising expenditure for research and development proficiencies especially in the developed and developing economies will further create lucrative market growth opportunities. Research and development proficiencies being conducted to study the effects of soybean on the immunity system is also bolstering the market growth rate.
Growing awareness about the benefits
Surging awareness about the benefits of soybean oil is fostering the growth of the market. Soybean oil is increasingly being used in other applications such as utilization in manufacturing paints, sealants, bio composites, bio-diesel, and catalysts. This is yet another important market growth determinant.
Opportunities
Furthermore, upsurge in the public-private funding for target research activities, changing lifestyle of individuals, growing prevalence of diabetes, rising geriatric population base and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, rising personal disposable income, growing awareness about the harmful impact of junk food and growing demand for variety of cooking oils will further expand the market's growth rate in the future.
Complete Report Details with Facts and Figures along respective Images and Graphs (TOC) https://www.databridgemarketresearch.com/toc/?dbmr=global-soybean-oil-market
Explorar informes relacionados:
https://healthandnutrition186.blogspot.com/2023/05/cling-film-market-trends-business.html
https://healthandnutrition186.blogspot.com/2023/05/soybean-oil-market-growing-demand-and.html
https://healthandnutrition186.blogspot.com/2023/05/cocoa-beans-market-demands-regional-and.html
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