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The global soybean oil market is primarily being driven by its rising application in the food industry. Soybean oil is derived from soybean and is widely used for domestic cooking and is also in high demand from restaurants. In the preparation of shortening and margarine, this oil is an essential element. The global soybean oil market is driven by a number of factors, including the product’s emulsifying ability as well as low calories. Soybean oils have no trans-fat and insignificant amount of saturated fat, making it a leading choice among all other oils. In the coming years, soybean is expected to increase as the demand for food rises, rising population, retail network improvements, rapid urbanisation, and the rise in soy crop production.
The versatility of soybean oil is considered to be an advantage for many foodstuffs industry manufacturers worldwide. The demand is anticipated to widen in the near future, along with the growing number of distribution channels facilitating soybean oil sales, including grocery stores, hypermarkets and supermarkets, and convenience stores like Walmart Inc (NYSE: WMT) and Tesco.
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The major players in the global soybean oil market are Bunge North America, Inc., ADM, Cargill, Incorporated, CHS Inc., Ag Processing Inc., Louis Dreyfus Company, and Wilmar International Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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