A
study by Transparency Market Research (TMR), titled “Soybean Oil
Market - Global Industry Size, Market Share, Trends, Analysis, and
Forecast 2016 - 2023,” presents a comprehensive assessment of this
market on the basis of market trends, growth prospects, driving
forces, restrictions, and opportunities.
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Free exclusive Sample of this
report:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10928
According
to the study, the increasing awareness among consumers regarding the
benefits of soybean oil compared to traditional edible oil has driven
its demand significantly. It further states that the popularity of
soybean oil has been increasing remarkably due to its good
emulsifying ability and low-calorie content. As a result, it is
witnessing a higher demand than other vegetable oils available
globally. The absence of trans-fat and the minimal presence of
saturated fat is also boosting its adoption among consumers
considerably.
Going
forward, the surge in health-related concerns among consumers is
likely to shift their food preferences towards healthy products.
Soybean oil, being a key source of Vitamin E and omega 3-fatty acids,
is expected to gain significant momentum globally over the forecast
period.
On
the other hand, the availability of substitutes in abundance is
limiting the demand for soybean oil. However, the versatility of this
oil is anticipated to attract a large number of food product
manufacturers across the world, creating growth opportunities for the
market, notes the research study.
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In
this report, the global market for soybean oil has been analyzed on
the basis of application and its geographical spread. Based on
application, the market can be categorized into salad dressing
preparation, frozen foods, meat products, mayonnaise preparation,
shortenings and margarine preparation, and the preparation of
commercially baked goods. Based on geography, the market has been
segmented into Asia Pacific, Eastern Europe, Western Europe, North
America, Latin America, and the Middle East and Africa.
The
study also presents the analysis of the competitive landscape in the
global market for soybean
oil by reviewing profiles of key players in order to determine
the prevalent market hierarchy. As per the report, the market is
moderately fragmented. Leading producers are concentrating on product
innovations and advancements in current offerings in order to
strengthen their positions in this market. Adani Wilmar Ltd., Cargill
Foods Inc., and Ruchi Soya Industries Ltd. are the key producers of
soybean oil across the world, states the report.
The
main objective of this research report is to provide a better
understanding of the existing as well as the future status of the
worldwide market for soybean oil to market players and assist them in
making gainful strategies for the further expansion of their
business.
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