Extracted from soybean, soybean oil is extensively used for
household cooking and in great demand from restaurants as well. This oil has an
important role in the preparation of shortenings and margarine. A number of
factors are driving the global soybean oil market; these include the
emulsifying ability of the oil and its low-calorie content. Soybean oil has no
trans-fat and negligible saturated fat, making it a preferred choice from among
all other oils. The soybean market is anticipated to grow in the years to come
owing to a rise in the demand for food, growing population, improvement in
retailing network, rapid urbanization, and increasing soy crop yields.
The report is a study of the global soybean oil market, its
present and future position. It discusses factors that can affect the market
movements and changing consumer taste and trends. The study elaborates on the
growth plans and strategies adopted by manufacturers of soybean oil, including
their expansion plans and new product launches. Key companies are profiled in
the report and it covers the company’s business and financial overview.
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Soybean Oil Market: Trends and
Opportunities
The growing awareness among consumers regarding advantages of
soybean oil in comparison to other vegetable edible oils has driven its demand
significantly. The health-related concerns among consumers is likely to shift
their food preferences and this will benefit the global soybean market because
this oil is a source of omega-3 fatty acids and vitamin E. On the other hand,
the availability of substitutes such as olive, rice bran, palm, sunflower, and
rapeseed oil in abundance is limiting the demand for soybean oil.
The versatility of soybean oil is expected to emerge as an
opportunity and attract a large number of manufacturers in the food products
sector across the world. Increasing number of channels that facilitate the
sales of soybean oil such as departmental stores, hypermarkets and supermarket,
and convenience stores is also expected to boost the market in the coming
years. Apart from its uses in cooking, soybean oil has its applications in
lubricants, bio-diesel, industrial paints, solvents, adhesives, cleaners, oleo
chemicals, and bio-composites. As such, the demand for this oil will continue to
grow and the market will witness a significant rise in the coming years.
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Soybean Oil Market: Region-wise
Outlook
The global soybean oil market is segmented on the basis of
geography into Asia Pacific, North America, Europe, and the Rest of the World.
China, in Asia Pacific is the leading producer of soybean oil followed by India
and Japan. The U.S. is the leading producer of this oil in North America.
Argentina in South America is also popular for its soybean oil
production.
Key Players Mentioned in the
Report
The report profiles key players in the soybean oil industry such
as Cargill Foods Inc., Adani Wilmar Limited, and Ruchi Soya Industries.
Information regarding their strategic partnerships and mergers and acquisitions
have been included in the report.
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