Soybean Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Description
Soybean Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
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 a clear yellow vegetable oil which is extracted from the seeds of soybean. It is a rich source of essential nutrients like vitamins, proteins, fatty acids and plant sterols. As a result, soybean oil helps in improving immunity, preventing osteoporosis, managing heart health, boosting skin and eye health, lowering cholesterol levels, and reducing the threat of cognitive disorders. Over the years, soybean oil has become a preferred choice for cooking in households and restaurants due to its neutral taste, high smoke point and negligible saturated fat content.
Global Soybean Oil Industry Drivers:
One of the major factors driving the demand for soybean oil worldwide is its affordable price. Soybean oil is relatively less expensive than most other edible oils such as olive oil, canola oil, coconut oil, and groundnut oil. As a result, it is immensely popular in price sensitive markets, particularly in the developing regions.
Nowadays, consumers who suffer from health-conditions like obesity, high cholesterol and cardiovascular diseases are incorporating soybean oil in their food. Increasing health-consciousness has created a shift from ready-to-eat (RTE) products to home cooked items which is further catalyzing the growth of the soybean oil market.
Apart from its health benefits, soybean oil has various functional properties on account of which it is employed in several food and non-food applications. In the food industry, soybean oil is used in the preparation of sauces, dressings, margarine, shortening, mayonnaise, potato chips, non-dairy creamers and whipped toppings. On the other hand, in the non-food industry, soybean oil is utilized for manufacturing resins, caulks, mastics, plastics, biodiesel, insecticides and animal feed.
Soybean oil is produced in countries ranging from China to the United States. As a result of its wide availability, coupled with its relatively low price, soybean oil represents a sustainable replacement for petrochemicals and known carcinogens in various industrial applications.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global soybean oil market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on end-use.
Breakup by End-Use:
Food
Feed
Industrial
Based on end-use, the report finds that food industry currently represents the largest end-use segment of soybean oil. Soybean oil is mostly used for frying, baking and as a condiment in salads.
Regional Insights:
China
United States
Brazil
Europe
Argentina
India
Others
On a geographical front, China enjoys the leading position in the global soybean oil market on account of the constantly increasing population in the region. It is extensively used in the preparation of dishes like tofu, miso, tempeh, poached fish, deep-fried pork ribs, etc.
Competitive Landscape:
The competitive structure of the soybean oil market has also been analyzed and has been found to be concentrated in nature. Some of the largest players operating in the market include:
Archer Daniels Midland Company
Bunge Limited
Cargill, Incorporated
Louis Dreyfus Company B.V.
Wilmar International Limited
This report provides a deep insight into the global soybean oil industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a soybean oil manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the soybean oil industry in any manner.
Key Questions Answered in This Report
1. What was the size of the global soybean oil market in 2022?
2. What is the expected growth rate of the global soybean oil market during 2023-2028?
3. What are the key factors driving the global soybean oil market?
4. What has been the impact of COVID-19 on the global soybean oil market?
5. What is the breakup of the global soybean oil market based on the end-use?
6. What are the key regions in the global soybean oil market?
7. Who are the key companies/players in the global soybean oil market?
Market Overview:
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 a clear yellow vegetable oil which is extracted from the seeds of soybean. It is a rich source of essential nutrients like vitamins, proteins, fatty acids and plant sterols. As a result, soybean oil helps in improving immunity, preventing osteoporosis, managing heart health, boosting skin and eye health, lowering cholesterol levels, and reducing the threat of cognitive disorders. Over the years, soybean oil has become a preferred choice for cooking in households and restaurants due to its neutral taste, high smoke point and negligible saturated fat content.
Global Soybean Oil Industry Drivers:
One of the major factors driving the demand for soybean oil worldwide is its affordable price. Soybean oil is relatively less expensive than most other edible oils such as olive oil, canola oil, coconut oil, and groundnut oil. As a result, it is immensely popular in price sensitive markets, particularly in the developing regions.
Nowadays, consumers who suffer from health-conditions like obesity, high cholesterol and cardiovascular diseases are incorporating soybean oil in their food. Increasing health-consciousness has created a shift from ready-to-eat (RTE) products to home cooked items which is further catalyzing the growth of the soybean oil market.
Apart from its health benefits, soybean oil has various functional properties on account of which it is employed in several food and non-food applications. In the food industry, soybean oil is used in the preparation of sauces, dressings, margarine, shortening, mayonnaise, potato chips, non-dairy creamers and whipped toppings. On the other hand, in the non-food industry, soybean oil is utilized for manufacturing resins, caulks, mastics, plastics, biodiesel, insecticides and animal feed.
Soybean oil is produced in countries ranging from China to the United States. As a result of its wide availability, coupled with its relatively low price, soybean oil represents a sustainable replacement for petrochemicals and known carcinogens in various industrial applications.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global soybean oil market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on end-use.
Breakup by End-Use:
Food
Feed
Industrial
Based on end-use, the report finds that food industry currently represents the largest end-use segment of soybean oil. Soybean oil is mostly used for frying, baking and as a condiment in salads.
Regional Insights:
China
United States
Brazil
Europe
Argentina
India
Others
On a geographical front, China enjoys the leading position in the global soybean oil market on account of the constantly increasing population in the region. It is extensively used in the preparation of dishes like tofu, miso, tempeh, poached fish, deep-fried pork ribs, etc.
Competitive Landscape:
The competitive structure of the soybean oil market has also been analyzed and has been found to be concentrated in nature. Some of the largest players operating in the market include:
Archer Daniels Midland Company
Bunge Limited
Cargill, Incorporated
Louis Dreyfus Company B.V.
Wilmar International Limited
This report provides a deep insight into the global soybean oil industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a soybean oil manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the soybean oil industry in any manner.
Key Questions Answered in This Report
1. What was the size of the global soybean oil market in 2022?
2. What is the expected growth rate of the global soybean oil market during 2023-2028?
3. What are the key factors driving the global soybean oil market?
4. What has been the impact of COVID-19 on the global soybean oil market?
5. What is the breakup of the global soybean oil market based on the end-use?
6. What are the key regions in the global soybean oil market?
7. Who are the key companies/players in the global soybean oil market?
Table of Contents
127 Pages
- 1 Preface
- 2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
- 3 Executive Summary
- 4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
- 5 Global Soybean Industry
- 5.1 Market Performance
- 5.1.1 Volume Trends
- 5.1.2 Value Trends
- 5.2 Market by End-Use
- 5.3 Market by Region
- 5.4 Market Forecast
- 6 Global Edible Oil Industry
- 6.1 Market Performance
- 6.2 Market by Region
- 6.3 Market by Oil Type
- 6.4 Market Forecast
- 7 Global Soybean Oil Industry
- 7.1 Market Overview
- 7.2 Market Performance
- 7.3 Impact of COVID-19
- 7.4 Price Analysis
- 7.4.1 Key Price Indicators
- 7.4.2 Price Structure
- 7.4.3 Price Trends
- 7.5 Market Breakup by Region
- 7.6 Market Breakup by End-Use
- 7.7 Market Forecast
- 7.8 SWOT Analysis
- 7.8.1 Overview
- 7.8.2 Strengths
- 7.8.3 Weaknesses
- 7.8.4 Opportunities
- 7.8.5 Threats
- 7.9 Value Chain Analysis
- 7.9.1 Raw Material Procurement
- 7.9.2 Manufacturing
- 7.9.3 Marketing
- 7.9.4 Distribution
- 7.9.5 Exports
- 7.9.6 End-Use
- 7.10 Porter’s Five Forces Analysis
- 7.10.1 Overview
- 7.10.2 Bargaining Power of Buyers
- 7.10.3 Bargaining Power of Suppliers
- 7.10.4 Degree of Competition
- 7.10.5 Threat of New Entrants
- 7.10.6 Threat of Substitutes
- 7.11 Key Market Drivers and Success Factors
- 8 Market Performance by End-Use
- 8.1 Food
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Feed
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Industrial
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 9 Market Performance of Key Regions
- 9.1 China
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 United States
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Brazil
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Europe
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Argentina
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 India
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
- 9.7 Others
- 9.7.1 Market Trends
- 9.7.2 Market Forecast
- 10 Competitive Landscape
- 10.1 Market Structure
- 10.2 Key Players
- 11 Soybean Oil Processing
- 11.1 Product Overview
- 11.2 Detailed Process Flow
- 11.3 Various Types of Unit Operations Involved
- 11.4 Mass Balance and Raw Material Requirements
- 12 Project Details, Requirements and Costs Involved
- 12.1 Land Requirements and Expenditures
- 12.2 Construction Requirements and Expenditures
- 12.3 Plant Layout
- 12.4 Plant Machinery
- 12.5 Machinery Pictures
- 12.6 Raw Material Requirements and Expenditures
- 12.7 Raw Material and Final Product Pictures
- 12.8 Packaging Requirements and Expenditures
- 12.9 Transportation Requirements and Expenditures
- 12.10 Utility Requirements and Expenditures
- 12.11 Manpower Requirements and Expenditures
- 12.12 Other Capital Investments
- 13 Loans and Financial Assistance
- 14 Project Economics
- 14.1 Capital Cost of the Project
- 14.2 Techno-Economic Parameters
- 14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
- 14.4 Taxation and Depreciation
- 14.5 Income Projections
- 14.6 Expenditure Projections
- 14.7 Financial Analysis
- 14.8 Profit Analysis
- 15 Key Player Profiles
- 15.1 Archer Daniels Midland Company
- 15.2 Bunge Limited
- 15.3 Cargill, Incorporated
- 15.4 Louis Dreyfus Company B.V.
- 15.5 Wilmar International Limited
Pricing
Currency Rates
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