The report has segmented the global soybean oil market on the basis of end-use and region.
ST. BROOKLYN, NY, USA, April 18, 2023 /EINPresswire.com/ — 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 refers to the oil extracted from soybeans, a legume native to East Asia. It is a widely used oil in the food industry and is known for its versatility, mild flavor, and high smoke point. Soybean oil is commonly used in cooking and frying, as well as in the production of salad dressings, margarine, and mayonnaise. Soybean oil is a widely used vegetable oil in the food industry due to its versatility, mild flavor, and nutritional properties. Soybean oil is rich in polyunsaturated and monounsaturated fats and contains low levels of saturated fats, thus making it a healthier option as compared to other vegetable oils.
𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗳𝗿𝗲𝗲 𝘀𝗮𝗺𝗽𝗹𝗲 𝗯𝗿𝗼𝗰𝗵𝘂𝗿𝗲: https://www.imarcgroup.com/soybean-oil-processing-plant/requestsample
Soybean Oil Market Trends:
The rising health consciousness among consumers represents one of the key factors driving the market growth across the globe. This, coupled with the increasing demand for vegetable oils in the food industry, and the rising demand for biofuels is acting as a major growth-inducing factor. In line with this, the rising awareness about the health benefits of soybean oil is contributing to the growth of the soybean oil market. In addition to this, the easy availability of soybean oil at affordable prices and the expanding non-food applications of soybean oil in the manufacturing of resins, insecticides, and animal feed, are creating a positive outlook for the market.
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 market into the following categories:
Breakup by End-Use:
• Food
• Feed
• Industrial
Breakup by Region:
• China
• United States
• Brazil
• Europe
• Argentina
• India
• Others
𝐆𝐞𝐭 𝐢𝐧 𝐓𝐨𝐮𝐜𝐡 𝐰𝐢𝐭𝐡 𝐨𝐮𝐫 𝐄𝐱𝐩𝐞𝐫𝐭 𝐓𝐞𝐚𝐦 𝐟𝐨𝐫 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐨𝐫 𝐟𝐮𝐫𝐭𝐡𝐞𝐫 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧: 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.
Other Reports by IMARC Group:
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.
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IMARC Services Private Limited
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