The new report by Expert Market research titled, ‘Global Soybean Oil Market Share, Size, Trends, Growth, Industry Report and Forecast 2020-2025′, gives an in-depth analysis of the global soybean oil market, assessing the market based on its segments like end-uses and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2015-2025)
1. Historical Market Size (2019): 51 million tons
2. Forecast CAGR (2020-2025): 1.5%
3. Forecast Market Size (2025): 55.5 million tons
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The global soybean oil market is driven by the growing demand for soy meals for cattle, which has, thus, significantly contributed to an increase in soy oil production and increased soybean oil demand. Other factors which are stimulating the consumption of soybean oil include the easy availability of the product, competitive prices, environmentally friendly, as well as the product’s varied nutritional benefits. The increased consumer preference for healthy foods and the growing popularity of oleic high soy oil are also driving the growth of the market. China, the United States, and Brazil are the largest soybean oil markets, which are significantly contributing to the global market growth.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/soybean-oil-market
Industry Definition and Major Segments
Soybean oil is a vegetable oil derived from soybean seeds (Glycine max). It is among the most commonly used kitchen oil and the second-largest vegetable oil consumed. Processed soybean oil is also used as a drying oil for the printing inks.
It finds its end-use in the following sectors:
The regional markets of soybean oil include:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The Asia Pacific represents the leading region in the global soybean oil industry.
The increasing awareness of the benefits of soybean oil as compared to other vegetable edible oils is dramatically increasing their demand among consumers. Consumers’ rising health issues are expected shift their food habits, which will further aid the global soybean oil industry because this oil contains omega-3 fatty acids as well as vitamin E. The versatility of soybean oil is projected to pose itself as an advantage and attract a significant number of foodstuffs manufacturers worldwide. In addition to its use in cooking, soybean oil is also used in lubricants, biodiesel, synthetic paints, solvents, adhesives, cleaners, oil chemicals, and bio-composites. Thus, the rising demand for these products is expected to provide further impetus to the industry growth.
Key Market Players
The major players in the market are Bunge North America, Inc., ADM, Cargill, Incorporated, CHS Inc., Ag Processing Inc., Louis Dreyfus Company, and Wilmar International Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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