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Canada Soybean Oil Market

Canada Soybean Oil Market Size, Share, Growth, Forecast: By End Use: Food, Feed, Industrial; By Distribution Channel: Direct, Supermarket/Hypermarket, Convenience Store and Local Retail, Online, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Value Chain Analysis; Competitive Landscape; 2024-2032

Canada Soybean Oil Market Outlook

The Canada soybean oil market attained 330 thousand MT in 2020. The market for soybean oil is being driven by growing health-conscious consumers and profitability as feedstock for biodiesel.

 

Canada Soybean Oil Market

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Growth in Biodiesel Sector to Boost the Soybean Oil Industry Growth in Canada

Soybean oil has been proven to be a major feedstock for the production of biodiesel; this greatly increased the adoption of the crop by many farmers, thereby boosting the industry growth. The many advantages of using soybean oil while producing biodiesel include greater acreage, major production levels and competitive prices, among others, produce increased profits and contribute to being a major feedstock to biodiesel, thus bolstering the market growth. With different varieties grown, the soybean crops adapt and can be grown on wide spread basis. Such attributes accredit to the rapid growth of feedstock for biodiesel and fostering the overall market growth of the soybean oil market in Canada.

 

Soybean Oil: Market Segmentation

Soybean oil, a vegetable oil, is extracted from the seeds of soybean. It is generally obtained by miscella evaporation. Soybean oil holds a significant share in edible fats and oil consumption and also has several industrial uses. The high availability and versatility of soybean oil makes it more viable in various industries and will continue to grow throughout the forecast period. It offers many nutritional properties, such as better energy concentration, rich in omega-3 and omega-6 essential fatty acids, among others. It is also cheaper compared to its counterparts in the market.

 

Canada Soybean Oil Market By End Use

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Based on end use, the market is divided into:

  • Food 
  • Industrial
  • Feed

By distribution channel, the market is segregated into:

  • Direct
  • Supermarket and Hypermarket
  • Convenience Store and Local Retail
  • Online       
  • Others

The regional markets for the product include Northern Canada, British Columbia, Alberta, the Prairies, Central Canada, and Atlantic Canada.

 

Canada Soybean Oil Market By Region

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Nutritional Benefits of Soybean Oil Fostering the Growth of Canada Soybean Oil Industry

Growing numbers of health-conscious customers has increasing market demand for soybean oil for domestic purposes. Consumption of soybean oil is beneficial for the heart, bones and as well as skin, therefore increasing the popularity of soybean oil and boosting the growth rate of the market. It is rich in omega-3 and omega-6 essential fatty acids which is highly significant for the protection of heart against heart diseases. Its iodine levels and vitamin-K levels maintain bone strength. All these attributes promote better health. Further, its relatively lower prices is boosting the market growth of the soybean oil industry.

 

Key Industry Players in the Canada Soybean Oil Market

The report gives a detailed analysis of the following key players in the Canada soybean oil market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Centra Foods
  • Bunge Limited
  • Cargill, Incorporated
  • Archer Daniels Midland Company
  • Viterra Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • End Use
  • Distribution Channel
  • Region
Breakup by End Use
  • Food
  • Feed
  • Industrial
Breakup by Distribution Channel
  • Direct
  • Supermarket and Hypermarket
  • Convenience Store and Local Retail
  • Online
  • Others
Breakup by Region
  • Northern Canada
  • British Columbia
  • Alberta
  • The Prairies
  • Central Canada
  • Atlantic Canada 
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Centra Foods
  • Bunge Limited
  • Cargill, Incorporated
  • Archer Daniels Midland Company
  • Viterra Inc.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Canada
7    Opportunities and Challenges in the Market
8    Global Soybean Market Overview

    8.1    Key Industry Highlights
    8.2    Global Soybean Historical Market (2018-2023) 
    8.3    Global Soybean Market Forecast (2024-2032)
    8.4    Global Soybean Market by End Use
    8.5    Global Soybean Market by Region
        8.5.1    North America
        8.5.2    Europe
        8.5.3    Asia Pacific
        8.5.4    Latin America
        8.5.5    Middle East and Africa
9    Global Soybean Oil Market Overview
    9.1    Key Industry Highlights
    9.2    Global Soybean Oil Historical Market (2018-2023) 
    9.3    Global Soybean Oil Market Forecast (2024-2032)
    9.4    Global Soybean Oil Market by End Use
    9.5    Global Soybean Oil Market by Region
        9.5.1    North America
        9.5.2    Europe
        9.5.3    Asia Pacific
        9.5.4    Latin America
        9.5.5    Middle East and Africa
10    Canada Soybean Market Overview
    10.1    Key Industry Highlights
    10.2    Canada Soybean Historical Market (2018-2023) 
    10.3    Canada Soybean Market Forecast (2024-2032)
    10.4    Canada Soybean Market by End Use
        10.4.1    Crush
        10.4.2    Feed Use
        10.4.3    Food Use
11    Canada Soybean Oil Market Analysis
    11.1    Key Industry Highlights
    11.2    Canada Soybean Oil Historical Market (2018-2023) 
    11.3    Canada Soybean Oil Market Forecast (2024-2032)
    11.4    Canada Soybean Oil Market by End Use
        11.4.1    Food 
            11.4.1.1    Historical Trend (2018-2023)
            11.4.1.2    Forecast Trend (2024-2032)
        11.4.2    Feed
            11.4.2.1    Historical Trend (2018-2023)
            11.4.2.2    Forecast Trend (2024-2032)
        11.4.3    Industrial
            11.4.3.1    Historical Trend (2018-2023)
            11.4.3.2    Forecast Trend (2024-2032)
    11.5    Canada Soybean Oil Market by Distribution Channel
        11.5.1    Direct
            11.5.1.1    Historical Trend (2018-2023)
            11.5.1.2    Forecast Trend (2024-2032)
        11.5.2    Supermarket and Hypermarket
            11.5.2.1    Historical Trend (2018-2023)
            11.5.2.2    Forecast Trend (2024-2032)
        11.5.3    Convenience Store and Local Retail
            11.5.3.1    Historical Trend (2018-2023)
            11.5.3.2    Forecast Trend (2024-2032)
        11.5.4    Online
            11.5.4.1    Historical Trend (2018-2023)
            11.5.4.2    Forecast Trend (2024-2032)
        11.5.5    Others
    11.6    Canada Soybean Oil Market by Country
        11.6.1    Northern Canada
        11.6.2    British Columbia
        11.6.3    Alberta
        11.6.4    The Prairies
        11.6.5    Central Canada
        11.6.6    Atlantic Canada 
12    Regional Analysis
    12.1    Northern Canada
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    British Columbia
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
    12.3    Alberta
        12.3.1    Historical Trend (2018-2023)
        12.3.2    Forecast Trend (2024-2032)
    12.4    The Prairies
        12.4.1    Historical Trend (2018-2023)
        12.4.2    Forecast Trend (2024-2032)
    12.5    Central Canada
        12.5.1    Historical Trend (2018-2023)
        12.5.2    Forecast Trend (2024-2032)
    12.6    Atlantic Canada
        12.6.1    Historical Trend (2018-2023)
        12.6.2    Forecast Trend (2024-2032)
13    Market Dynamics
    13.1    SWOT Analysis
        13.1.1    Strengths
        13.1.2    Weaknesses
        13.1.3    Opportunities
        13.1.4    Threats
    13.2    Porter’s Five Forces Analysis
        13.2.1    Supplier’s Power
        13.2.2    Buyers Power
        13.2.3    Threat of New Entrants
        13.2.4    Degree of Rivalry
        13.2.5    Threat of Substitutes
    13.3    Key Indicators for Demand
    13.4    Key Indicators for Price
14    Value Chain Analysis
15    Trade Data Analysis (HS Code - 1507)

    15.1    Major Importing Countries
        15.1.1    By Volume
        15.1.2    By Value
    15.2    Major Exporting Countries
        15.2.1    By Volume
        15.2.2    By Value
16    Price Analysis
    16.1    Canada Soybean Oil Historical Price Trends (2018-2023) and Forecast (2024-2032)
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Centra Foods
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Bunge Limited
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Cargill, Incorporated
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    Archer Daniels Midland Company
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Viterra Inc.
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Others
18    Key Trends and Developments in the Market

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Detailed Process Flow
    1.2    Operations Involved
    1.3    Mass Balance
2    Project Requirements and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Layout
    2.4    Plant Machinery
    2.5    Raw Material Requirement
    2.6    Packaging
    2.7    Transportation
    2.8    Utilities
    2.9    Manpower
    2.10 Other Capital Investment

 

List of Key Figures and Tables

1.    Global Soybean Market: Key Industry Highlights, 2018 and 2032
2.    Global Soybean Historical Market: Breakup by End Use (Thousand Metric Tons), 2018-2023
3.    Global Soybean Market Forecast: Breakup by End Use (Thousand Metric Tons), 2024-2032
4.    Global Soybean Historical Market: Breakup by Region (Thousand Metric Tons), 2018-2023
5.    Global Soybean Market Forecast: Breakup by Region (Thousand Metric Tons), 2024-2032
6.    Global Soybean Oil Market: Key Industry Highlights, 2018 and 2032
7.    Global Soybean Oil Historical Market: Breakup by End Use (Thousand Metric Tons), 2018-2023
8.    Global Soybean Oil Market Forecast: Breakup by End Use (Thousand Metric Tons), 2024-2032
9.    Global Soybean Oil Historical Market: Breakup by Region (Thousand Metric Tons), 2018-2023
10.    Global Soybean Oil Market Forecast: Breakup by Region (Thousand Metric Tons), 2024-2032
11.    Canada Soybean Market: Key Industry Highlights, 2018 and 2032
12.    Canada Soybean Historical Market: Breakup by End Use (Thousand Metric Tons), 2018-2023
13.    Canada Soybean Market Forecast: Breakup by End Use (Thousand Metric Tons), 2024-2032
14.    Canada Soybean Oil Market: Key Industry Highlights, 2018 and 2032
15.    Canada Soybean Oil Historical Market: Breakup by End Use (Thousand Metric Tons), 2018-2023
16.    Canada Soybean Oil Market Forecast: Breakup by End Use (Thousand Metric Tons), 2024-2032
17.    Canada Soybean Oil Historical Market: Breakup by Distribution Channel (Thousand Metric Tons), 2018-2023
18.    Canada Soybean Oil Market Forecast: Breakup by Distribution Channel (Thousand Metric Tons), 2024-2032
19.    Canada Soybean Oil Historical Market: Breakup by Region (Thousand Metric Tons), 2018-2023
20.    Canada Soybean Oil Market Forecast: Breakup by Region (Thousand Metric Tons), 2024-2032
21.    Major Importing Countries by Value (2020)
22.    Major Exporting Countries by Value (2020)
23.    Major Importing Countries by Volume (2020)
24.    Major Exporting Countries by Volume (2020)
25.    Canada Soybean Oil Historical Price Trends and Forecast 2018-2028
26.    Canada Soybean Oil Market Structure

Key Questions Answered in the Report

In 2020, the Canada soybean oil market attained a volume of 330 thousand MT.

Growing number of health-conscious consumers and profitability as feedstock for biodiesel are aiding the market growth.

The key industry trends of soybean oil in Canada include high nutritional values and advancements in agricultural production.

The major regions in the industry are Northern Canada, British Columbia, Alberta, the Prairies, Central Canada, and Atlantic Canada.

The major end uses of soybean oil are food, feed, and industrial.

The major distribution channels are direct, supermarket and hypermarket, convenience store and local retail, and online, among others.

The major players in the industry are Centra Foods, Bunge Limited, Cargill Incorporated, Archer Daniels Midland Company, Viterra Inc., among others.

Analyst Review

The Canada soybean oil market attained a volume of 330 thousand MT in 2020, driven by the rising demand by growing number of healthcare customers. Aided by its increasing profitability factors as it is used as feedstock for biodiesel, the market is expected to witness a healthy growth in the forecast period of 2024-2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its end use, the soybean oil industry can be segmented into food, industrial and feed. On the basis of distribution channels, the industry is divided into direct, supermarket and hypermarket, convenience store and local retail, and online, among others. The major regions in the industry are Northern Canada, British Columbia, Alberta, the Prairies, Central Canada, and Atlantic Canada. The key players in the above market include Centra Foods, Bunge Limited, Cargill Incorporated, Archer Daniels Midland Company, Viterra Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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