Posted on 06 Dec 2018

Global Soybean Oil Market Reached a Volume of 48.7 Million Tons in 2018

Soybean oil currently represents the second most important vegetable oil in the world accounting for nearly one-fifth of the global consumption of edible oils. A well balanced oil with low saturated and high polyunsaturated fats, soybean oil is a good source of phytosterols, vitamin E and omega-3 and omega-6 fatty acids. Besides being highly nutritious, it also offers innumerable health perks. It lowers cholesterol levels, improves heart health, boosts immunity, prevents osteoporosis and reduces cognitive disorders.



According to a new report by Expert Market Research, the global soybean oil market reached a production volume of 48.7 Million Tons in 2018. The market is presently gaining impetus due to a number of factors such as rising global population, growing health consciousness among the consumers and growing food industry. Low cost, easy availability and eco-friendly nature of soybean oil has further facilitated its use in various sectors such as food, industrial and feed.

                                                 Global Soybean Oil Market

Key findings from the report:

  • Major end-use sectors of soybean oil are the food, industrial and feed sectors.
  • Considered as one of the healthiest cooking oils, the majority of the soybean oil is used by the food sector for cooking and as a condiment in salads. In the industrial sector, it is used in the production of adhesives, insecticides, candles, waxes, printing inks, coatings, lubricants, pharmaceutical products, hydraulic fluids, plastics and speciality products. In the feed sector, soybean oil adds to the energy density of the feed and improves feed utilisation efficiency.
  • Country-wise, China represented both the largest producer and consumer of soybean oil. Other major markets include the United States, Brazil, Argentina, EU -27, India, Mexico and others.
  • The global soybean oil market is surrounded by a number of global and national players. The global players use their influence of large-scale production, trading and marketing to their advantage. Some of the key players operating in the market include Bunge, ADM Cargill, Ag Processing Inc., CHS, etc.

Expert Market Research has analyzed the global soybean oil market according to end-use, key countries and major players:

Market breakup by End-Use

  • Food
  • Industrial
  • Feed

Breakup by Country

  • China
  • The United States
  • Brazil
  • Argentina
  • EU -27
  • India
  • Mexico
  • Other

Top Players

  • Bunge
  • ADM
  • Cargill
  • Ag Processing Inc.
  • CHS
  • Others

 

About Us

Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.

With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.

Contact Us

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790


Related Report

Global Fresh Milk Market Report and Forecast 2019-2024

The fresh milk market is aided by the growing milk production globally. The global output in 2018 stood at over 820 million tonnes, rising by 2% from 2017. Production is expected to grow further in th...

GCC Dairy Market Report and Forecast 2019-2024

The GCC dairy market is being aided by the rising demand for fresh milk as well as processed dairy products. With a growing import demand, the GCC market is also contributing to the growth of the glob...

Global Non-Dairy Creamer Market Report and Forecast 2019-2024

The global non-dairy creamer market is being driven by a growing demand for dairy alternatives. In 2018, the global market for dairy alternatives reached a value of USD 14.5 billion. The industry is p...

Asia Pacific Tropical Fruit Puree Market Report and Forecast 2019-2024

The Asia Pacific tropical fruit puree market reached a production volume of 3.03 million tons in 2018. The market in the Asia Pacific is expected to grow further in the coming years, growing at a CAGR...

EMEA Saccharin Market Report & Forecast 2019-2024

The EMEA saccharin market is being driven by the growing global consumption of saccharin with about USD 252 million worth of the low-calorie sweetener being consumed in 2018.

Have any queries or concern?

USA - Canada: +1-415-325-5166

UK: +44-702-402-5790

Email: sales@expertmarketresearch.com