Soybean Oil Market
-Soybean Oil Market Size, Share & Trends Analysis Report By Application (Food, Feed), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), And Segment Forecasts, 2020 – 2027
The global soybean oil market size was valued at USD 24.2 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 3.4% from 2020 to 2027. Soybean oil is a vegetable oil extracted from the seeds of the soybean plant. It is one of the most widely consumed edible oils in the world and is used in a variety of food and industrial applications. The growing demand for soybean oil in biodiesel production is expected to drive the market over the forecast period.
The rising demand for healthy and natural food products is expected to drive the growth of the soybean oil market. The growing fitness trend among consumers is expected to increase the demand for soybean oil as it is a source of protein and essential nutrients. The increasing awareness of the health benefits of soybean oil is expected to drive the market over the forecast period.
The demand for soybean oil in the biodiesel industry is expected to drive the market over the forecast period. The growing demand for biodiesel as an alternative to fossil fuels is expected to drive the demand for soybean oil. The government support for the use of biodiesel is expected to drive the market over the forecast period.
The North American soybean oil market is expected to grow at the highest CAGR over the forecast period. The growing demand for soybean oil in the United States is expected to drive the market over the forecast period. The increased demand for biodiesel in the United States is expected to drive the market over the forecast period.
The Asia Pacific soybean oil market is expected to grow at the highest CAGR over the forecast period. The growing demand for soybean oil in China and India is expected to drive the market over the forecast period. The increased demand for biodiesel in China is expected to drive the market over the forecast period.
The major players in the soybean oil market are Bunge Limited, Cargill, Incorporated, CHS Inc., Archer Daniels Midland Company, and Wilmar International Limited.
-The global soybean oil market is expected to reach USD XX billion by 2027, expanding at a CAGR of XX% during the forecast period.
The global soybean oil market is expected to reach USD 31.4 billion by 2027 expanding at a CAGR of 3.5% during the forecast period. The demand for soybean oil is increasing due to its multiple uses in the food industry. It is used as a cooking oil, salad dressing, margarine, and shortening. In addition, soybean oil is also used as a feedstock for biodiesel production. The growing demand for biodiesel is expected to boost the growth of the soybean oil market.
The soybean oil market is classified on the basis of application, into cooking oil, biodiesel, food ingredients, and others. The cooking oil segment is expected to hold the largest market share during the forecast period. The demand for soybean oil as a cooking oil is increasing due to its nutritional value and health benefits. It is a good source of essential fatty acids and has a high smoke point, which makes it suitable for cooking at high temperatures. The biodiesel segment is expected to grow at the fastest CAGR during the forecast period. The demand for soybean oil in the production of biodiesel is increasing due to its high fatty acid content and low carbon emissions.
The soybean oil market is classified on the basis of geography into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to hold the largest market share during the forecast period. The demand for soybean oil in the region is increasing due to the growing demand for biodiesel. The demand for biodiesel is increasing due to the government regulations regarding the reduction of carbon emissions. Europe is expected to grow at the fastest CAGR during the forecast period. The demand for soybean oil in the region is increasing due to the growing demand for biodiesel.
Some of the key players in the soybean oil market include Archer Daniels Midland Company, Bunge Limited, Cargill, Incorporated, CHS Inc., DuPont, Louis Dreyfus Company, and Wilmar International.
-Soybean oil is a vegetable oil extracted from the seeds of the soybean plant. It is one
Soybean oil is a vegetable oil extracted from the seeds of the soybean plant. It is one of the most widely used oils in the world, and is a common ingredient in many processed foods.
Soybean oil is a healthy, versatile oil that can be used in a variety of ways. It is a good source of polyunsaturated fats, and has a relatively low saturated fat content. Soybean oil is also a good source of vitamin E.
Soybean oil can be used for cooking, baking, and frying. It can also be used as a salad dressing, or as a base for other oils and sauces. Soybean oil is a good choice for those who are looking for a healthy, vegetable-based oil.
LIST OF KEY COMPANIES PROFILED:
- Archer Daniels Midland Company (Illinois, U.S.)
- Associated British Foods, plc (London, U.K.)
- Bunge (Missouri, U.S.)
- Cargill, Inc. (Minnesota, U.S.)
- Louis Dreyfus Company (Rotterdam, Netherlands)
- Wilmar International Limited (Singapore)
- DuPont (Delaware, U.S.)
- Unilever plc (London, U.K.)
- AMAGGI Group (Cuiaba, Brazil)
- SunOpta, Inc. (Brampton, Canada)
Report Scope & Segmentation:
| ATTRIBUTE
| DETAILS
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| Study Period
| 2017-2028
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| Base Year
| 2020
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| Estimated Year
| 2021
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| Forecast Period
| 2021-2028
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| Historical Period
| 2017-2019
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| Unit
| Value (USD billion)
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| By Application
|
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| By Geography
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