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Canada Soybean Oil Market: By End Use: Food, Feed, Industrial; By Distribution Channel: Direct, Supermarket and Hypermarket, Convenience Store and Local Retail, Online; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments
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.
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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.
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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.
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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.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- End Use, Distribution Channel, Country |
| Breakup by End Use | Food, Feed, Industrial |
| Breakup by Distribution Channel | Direct, Supermarket and Hypermarket, Convenience Store and Local Retail, Online, Others |
| Breakup by Country | Northern Canada, British Columbia, Alberta, The Prairies, Central Canada, Atlantic Canada |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends-Regional |
| 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 (2018-2022)
8.3 Global Soybean Market Forecast (2023-2028)
8.4 Global Soybean Market by End Use
8.5 Global Soybean Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Global Soybean Oil Market Overview
9.1 Key Industry Highlights
9.2 Global Soybean Oil Historical Market (2018-2022)
9.3 Global Soybean Oil Market Forecast (2023-2028)
9.4 Global Soybean Oil Market by End Use
9.5 Global Soybean Oil Market by Region
9.5.1 Market Share
9.5.1.1 North America
9.5.1.2 Europe
9.5.1.3 Asia Pacific
9.5.1.4 Latin America
9.5.1.5 Middle East and Africa
10 Canada Soybean Market Overview
10.1 Key Industry Highlights
10.2 Canada Soybean Historical Market (2018-2022)
10.3 Canada Soybean Market Forecast (2023-2028)
10.4 Canada Soybean Market by End Use
10.4.1 Market Share
10.4.1.1 Crush
10.4.1.2 Feed Use
10.4.1.3 Food Use
11 Canada Soybean Oil Market Analysis
11.1 Key Industry Highlights
11.2 Canada Soybean Oil Historical Market (2018-2022)
11.3 Canada Soybean Oil Market Forecast (2023-2028)
11.4 Canada Soybean Oil Market by End Use
11.4.1 Food
11.4.1.1 Market Share
11.4.1.2 Historical Trend (2018-2022)
11.4.1.3 Forecast Trend (2023-2028)
11.4.2 Feed
11.4.2.1 Market Share
11.4.2.2 Historical Trend (2018-2022)
11.4.2.3 Forecast Trend (2023-2028)
11.4.3 Industrial
11.4.3.1 Market Share
11.4.3.2 Historical Trend (2018-2022)
11.4.3.3 Forecast Trend (2023-2028)
11.5 Canada Soybean Oil Market by Distribution Channel
11.5.1 Direct
11.5.1.1 Market Share
11.5.1.2 Historical Trend (2018-2022)
11.5.1.3 Forecast Trend (2023-2028)
11.5.2 Supermarket and Hypermarket
11.5.2.1 Market Share
11.5.2.2 Historical Trend (2018-2022)
11.5.2.3 Forecast Trend (2023-2028)
11.5.3 Convenience Store and Local Retail
11.5.3.1 Market Share
11.5.3.2 Historical Trend (2018-2022)
11.5.3.3 Forecast Trend (2023-2028)
11.5.4 Online
11.5.4.1 Market Share
11.5.4.2 Historical Trend (2018-2022)
11.5.4.3 Forecast Trend (2023-2028)
11.5.5 Others
11.6 Canada Soybean Oil Market by Country
11.6.1 Market Share
11.6.1.1 Northern Canada
11.6.1.2 British Columbia
11.6.1.3 Alberta
11.6.1.4 The Prairies
11.6.1.5 Central Canada
11.6.1.6 Atlantic Canada
12 Regional Analysis
12.1 Northern Canada
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 British Columbia
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Alberta
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 The Prairies
12.4.1 Historical Trend (2018-2022)
12.4.2 Forecast Trend (2023-2028)
12.5 Central Canada
12.5.1 Historical Trend (2018-2022)
12.5.2 Forecast Trend (2023-2028)
12.6 Atlantic Canada
12.6.1 Historical Trend (2018-2022)
12.6.2 Forecast Trend (2023-2028)
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 (2018-2022) and Forecast (2023-2028)
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 2028
2. Global Soybean Historical Market: Breakup by End Use (Thousand Metric Tons), 2018-2022
3. Global Soybean Market Forecast: Breakup by End Use (Thousand Metric Tons), 2023-2028
4. Global Soybean Historical Market: Breakup by Region (Thousand Metric Tons), 2018-2022
5. Global Soybean Market Forecast: Breakup by Region (Thousand Metric Tons), 2023-2028
6. Global Soybean Oil Market: Key Industry Highlights, 2018 and 2028
7. Global Soybean Oil Historical Market: Breakup by End Use (Thousand Metric Tons), 2018-2022
8. Global Soybean Oil Market Forecast: Breakup by End Use (Thousand Metric Tons), 2023-2028
9. Global Soybean Oil Historical Market: Breakup by Region (Thousand Metric Tons), 2018-2022
10. Global Soybean Oil Market Forecast: Breakup by Region (Thousand Metric Tons), 2023-2028
11. Canada Soybean Market: Key Industry Highlights, 2018 and 2028
12. Canada Soybean Historical Market: Breakup by End Use (Thousand Metric Tons), 2018-2022
13. Canada Soybean Market Forecast: Breakup by End Use (Thousand Metric Tons), 2023-2028
14. Canada Soybean Oil Market: Key Industry Highlights, 2018 and 2028
15. Canada Soybean Oil Historical Market: Breakup by End Use (Thousand Metric Tons), 2018-2022
16. Canada Soybean Oil Market Forecast: Breakup by End Use (Thousand Metric Tons), 2023-2028
17. Canada Soybean Oil Historical Market: Breakup by Distribution Channel (Thousand Metric Tons), 2018-2022
18. Canada Soybean Oil Market Forecast: Breakup by Distribution Channel (Thousand Metric Tons), 2023-2028
19. Canada Soybean Oil Historical Market: Breakup by Region (Thousand Metric Tons), 2018-2022
20. Canada Soybean Oil Market Forecast: Breakup by Region (Thousand Metric Tons), 2023-2028
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 2023-2028.
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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