Soybean oil is the second most important vegetable oil (after palm oil) consumed globally. A great majority of the world's soybeans are processed or crushed every year to produce soybean meal and oil, while remaining are used directly for human consumption. During 2014-2018, the global soybean oil market grew at a CAGR of around 3%. The market is currently being driven by increasing demand of soybean meal for livestock products which has, thus, contributed considerably to the rise in soy oil production and rising demand of soybean oil. Other advantages such as easy availability, competitive prices, environment-friendly and various nutritional benefits of soy oil are the factors that are stimulating its consumption. This report by Expert Market Research entitled “Soybean Oil Market Report and Forecast 2019–2024” provides a comprehensive analysis for anyone who plans to foray into the soybean oil market.
Historical market trends for the soybean oil industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global soybean oil market into the following regions – North America, South America, Asia-Pacific, Europe and the Middle East and Africa. Asia-Pacific currently represents the largest market. Within Asia-Pacific, China and India currently represent the biggest markets. Additionally, the report has analyzed the global soybean oil market on the basis of end-use. Food sector represents the biggest end-use market followed by Industrial and Feed sector.
The value chain analysis of soybean oil has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analyzing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the soybean oil industry has also been provided. Some of the key players in this market include Bunge, ADM, Cargill, Ag Processing Inc., and CHS Ceramics.
This report provides an exhaustive insight for setting-up and running a soybean oil manufacturing plant. Factors such as land requirement, construction requirement, raw material requirement, labour requirement, machinery requirement, manufacturing process, utility requirement, total capital investment, total operating costs, prices, income projections, expenditure projections, profit margins, net present value, return on investment, payback period, etc. have been comprehensively covered in this report.
The following are the key questions answered by this report:
- What are the market trends for the global soybean oil market?
- Which are the biggest markets (regions) for soybean oil?
- What are the key application areas for soybean oil?
- Who are the key manufacturers in the soybean oil market?
- What are the land and construction requirements to start a soybean oil manufacturing plant?
- What are the machinery requirements to start a soybean oil manufacturing plant?
- How is soybean oil priced? What are the profit margins at various stages of the supply chain?
- What is the total capital investment required to start a soybean oil manufacturing plant?
- What are the running costs of a soybean oil manufacturing plant?
- How much revenue can a soybean oil manufacturing plant generate?
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the soybean oil industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complimented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector specific events and assumptions are taken into account to generate the final forecast.