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The Latin America vegetable oil market is led by soybean oil, with Brazil producing 117 million tons, Argentina producing 55 million tons, and Paraguay producing 9.5 million tons of soybean, respectively. Vegetable oil is derived by applying pressure on the natural plant sources like nuts, seeds, and fruits. They are extensively used for cooking and comprise of healthy nutrients like omega-3 and omega-6 fatty acids, vitamin E, and monounsaturated, polyunsaturated, and saturated fats. The regional markets of Latin America vegetable oil are Brazil, Argentina, and Colombia, among others. Argentina, especially, is a leading exporter in the region and third-largest exporter in the world.
Argentina and Brazil are the leading vegetable oil markets in Latin America. The two regions are being driven by the rising oilseed crush. Argentina is projected to account for nearly 11% of the oilseed crush globally by 2027, while Brazil will account for 10% of the total oilseed crush in the year. Thus, the robust growth of the vegetable oil market in these two countries is encouraging the expansion of major global companies into the region. In April 2017, Bunge Limited (NYSE: BG), a leading key player in the market, acquired Argentinian edible oil company, Aceitera Martinez S.A. Aceitera Martinez holds specialization in the production as well as the packaging of edible oils, including soybean and sunflower oil. This acquisition includes the facilities, which are equipped with the state-of-art technology and three packaging lines, having 20,000 tons per month installed capacity.
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Archer Daniels Midland Company, Bunge Limited, Cargill Incorporated, Louis Dreyfus Company, and Aceitera General Deheza S.A, among others, are the key players in the Latin America vegetable oil market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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