Global Soybean Oil Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Soybean Oil Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global artificial intelligence chip market report has been segmented on the basis of type, application, end use, distribution channel, and region.
Global Soybean Oil Market: Overview
Soybean oil is a type of vegetable oil that is derived from soybeans, also known as Glycine max. Soybean is a legume which is native to East Asia region. Soybean oil is one of the most healthier oils among other vegetable oils.
Global Soybean Oil Market: Dynamics
Soybean oil decreases the risk of heart conditions such as heart attacks, strokes, osteoporosis, and arthritis. It provides healthy fatty acids to the body and also regulates the cholesterol levels. Soybean oil contains omega-3 fatty acids that help to protect the cell membrane. It also helps to boost immunity and improves health of eyes and skin. A key factor driving growth of the global soybean oil market is rising awareness regarding the health benefits of soybean oil among consumers. Increasing use of soybean oil in pharmaceuticals, nutraceuticals, as well as plastic and rubber industries is a factor fueling growth of the target market. Furthermore, growing retail sector coupled with rising disposable income are factors expected to support growth of the global soybean oil market in the near future.
However, individuals with soybean allergy cannot consume soybean oil. This factor may hamper growth of the global soybean oil market. In addition, the availability of alternatives to soybean oil is a factor that could affect growth of the global market. Nevertheless, growing area of application of soybean oil can create high revenue opportunities for players in the target market.
Global Soybean Oil Market: Segment Analysis
Among the raw material segment, the organic segment is anticipated to register lucrative growth in terms of revenue in the near future. Increasing preference for organic products among consumers is a factor supporting growth of this segment in the target market.
Among the application segments, the food segment is expected to register high growth in terms of revenue over the forecast period. Increasing use of soybean oil in salad dressings, bakery products, cooking, mayonnaise, etc. is a factor driving growth of the food segment in the global market. In addition, increasing its adoption for its health benefits is another factor expected to propel growth o this segment in the near future.
Global Soybean Oil Market: Regional Analysis
US is a major producer of soybean oil in North America followed by Brazil, Argentina, China, and India. Currently, the market in North America and Asia Pacific accounts for major share in terms of revenue in the global market. Presence of key players and high production of soybean oil in US is a factor fueling growth of the target market in North America. Presence of prominent soybeans oil-producing countries such as China and India is a key factor driving growth of the target market in Asia Pacific region. Increasing health consciousness among individuals and growing urban population are factors expected to support growth of the soybean oil market in this region. The market in Asia Pacific is expected to register high growth in terms of revenue over the forecast period.
Global Soybean Oil Market Segmentation:
Segmentation by Type:
Segmentation by Application:
- Animal Agriculture
- Cosmetics and Personal Care Products
Segmentation by End Use:
Segmentation by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenient Stores
- Online stores
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Ruchi Soya Industries Limited
- Cargill, Incorporated
- Agrofood Group
- LE Group Industries
- IB Group
- Aceitera General Deheza
- Harvest Brand
- Wilmar International Limited
- Granol Indústria, Comércio and Exportação S/A
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