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.
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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.
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.
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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