Global Soybean Oil Market Prospects and Estimations Forecasted during 2017-2022

In its recent report, Fact.MR offers a comprehensive perspective on the global soybean oil market across few targeted regions. Shifting consumer focus towards natural, flexible, and simple diets, coupled with the increasing urgency to develop healthier vegetable oil products is likely to influence the demand for soybean oil in the near future. The report focuses on the provision of in-depth research and detailed insights about global soybean oil market for the forecast period 2017 to 2022.

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Scope

The prime focus of Fact.MR’s report is to provide readers with an unbiased and accurate analysis of current market status of soybean oil, along with future growth estimations. Soybean oil producers, suppliers, and distributors in the global market will benefit from the insights offered in this report. A detailed guide has been formulated in this report, which can attract the interest of top trade magazines and journals pertaining to soybean oil.

To offer readers with latest information about advancements in the global soybean oil market, updates about opportunities benefitting leading soybean oil producing companies are offered in the report. Continuous evolution of the food & beverages sector necessitates keeping record of upcoming and recent developments and trends which are fundamental for soybean oil producers to formulate and adopt key business strategies. The detailed analysis pertaining to list of distributors, pricing analysis, raw material sourcing, cost structures, and supply chain are offered in this section.

By considering the global soybean oil market, and provide an in-depth analysis, Fact.MR’s report offers segment-wise analysis and forecast. The soybean oil market is categorized on the basis of product type, end use, distribution channel and region. Segmentation analysis offered is comprehensive, along with the detailed country-wise forecast offered on all parameters.

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Following are the key projections from Fact.MR’s forecast on the global market for soybean oil.

1- Based on product type, the processed soybean oil segment is projected to remain dominant throughout the forecast period. Consumption of processed soybean oil is relatively higher than the virgin variant. Currently, the former command for over two-third revenue share of the market. Most consumers prefer processed soybean oil for cooking as it is more refined, which in turn continues to drive its global demand.

2- Based on end use, the retail segment is projected to exhibit impressive growth between 2017 and 2022. In terms of revenue, this segment currently commands for around 38% share of the market and is anticipated to stand at US$ 8,156 Mn towards the end of the forecast period. Foodservice segment is expected to remain the second largest end use segment.

3- On the basis of distribution channel, the modern trade segment is projected to retain its top position over 2022. Presently, the segment commands for nearly one-third revenue share of the market. Meanwhile, the online retail store segment is also reflecting a steady growth as well.

4- Among regions, Europe will continue to be the largest market for soybean oil and exhibit lucrative growth opportunities over the next couple of years. The market in the region is expected to register a relatively higher CAGR as compared to other region. 

Competition Tracking

Key players profiled in the Fact.MR report include ConAgra Foods (Agrotech Foods Ltd), Ach Food Companies, Inc., Marico Limited, Olympic Oils Limited, American Vegetable Oils, Inc., Fuji Vegetable Oil, Inc., Adams Group, Borges Mediterranean Group, Cargill Inc., Beidahuang Group, Bunge Limited, Associated British Foods (Ach), Archer Daniels Midland Company, Ruchi Soya Industries Ltd, and The Adani Wilmar Ltd. Owing to increasing demand for trans-fat free cooking oil, producers are actively focusing on introducing high quality refined soybean oil. 

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About Fact.MR

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This release was published on openPR.