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Global Soybean Oil Market Reached a Volume of 56 Million Tons in 2019.

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"According to a new report by Expert Market Research, the global soybean oil market reached a volume of 56 million tons in 2019. 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."

According to a new report by Expert Market Research, the global soybean oil market reached a volume of 56 million tons in 2019. 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.

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 North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
  • 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 Limited, The Archer Daniels Midland Company, Cargill, Incorporated, Ag Processing Inc A Cooperative, CHS Inc., and among others.

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 Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Top Players

  • Bunge Limited
  • The Archer Daniels Midland Company
  • Cargill, Incorporated
  • Ag Processing Inc A Cooperative
  • CHS Inc.
  • Others

 

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"Global Soybean Oil Market: By End Use: Food, Industrial, Feed; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Value Chain Analysis; EMR’s Key indicators for Demand; EMR’s Key indicators for Price; Global (HS Code-1507) Trade Analysis; Regional Soybean Oil Price Analysis; Competitive Landscape & Supplier Analysis; Consumer Analysis; Manufacturing Process; Cost Analysis; Project Economics"

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