Soybean Oil Market is expected to reach 67.6 Million Tons by 2028 | Exclusive Report by IMARC Group
The report has segmented the global soybean oil market on the basis of end-use and region.
ST. BROOKLYN, NY, USA, April 18, 2023 /EINPresswire.com/ -- According to IMARC Groupโs latest report, titled โ๐๐จ๐ฒ๐๐๐๐ง ๐๐ข๐ฅ ๐๐๐ซ๐ค๐๐ญ: ๐๐ฅ๐จ๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐๐ง๐๐ฌ, ๐๐ก๐๐ซ๐, ๐๐ข๐ณ๐, ๐๐ซ๐จ๐ฐ๐ญ๐ก, ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ฒ ๐๐ง๐ ๐ ๐จ๐ซ๐๐๐๐ฌ๐ญ ๐๐๐๐-๐๐๐๐โ, The global soybean oil market size reached 60.0 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 67.6 Million Tons by 2028, exhibiting a growth rate (CAGR) of 1.9% during 2023-2028.
Soybean oil refers to the oil extracted from soybeans, a legume native to East Asia. It is a widely used oil in the food industry and is known for its versatility, mild flavor, and high smoke point. Soybean oil is commonly used in cooking and frying, as well as in the production of salad dressings, margarine, and mayonnaise. Soybean oil is a widely used vegetable oil in the food industry due to its versatility, mild flavor, and nutritional properties. Soybean oil is rich in polyunsaturated and monounsaturated fats and contains low levels of saturated fats, thus making it a healthier option as compared to other vegetable oils.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐ณ๐ฟ๐ฒ๐ฒ ๐๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฏ๐ฟ๐ผ๐ฐ๐ต๐๐ฟ๐ฒ: https://www.imarcgroup.com/soybean-oil-processing-plant/requestsample
Soybean Oil Market Trends:
The rising health consciousness among consumers represents one of the key factors driving the market growth across the globe. This, coupled with the increasing demand for vegetable oils in the food industry, and the rising demand for biofuels is acting as a major growth-inducing factor. In line with this, the rising awareness about the health benefits of soybean oil is contributing to the growth of the soybean oil market. In addition to this, the easy availability of soybean oil at affordable prices and the expanding non-food applications of soybean oil in the manufacturing of resins, insecticides, and animal feed, are creating a positive outlook for the market.
Soybean Oil Market 2023-2028 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the soybean oil market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
โข Archer Daniels Midland Company
โข Bunge Limited
โข Cargill, Incorporated
โข Louis Dreyfus Company B.V.
โข Wilmar International Limited
Key Market Segmentation:
The report has segmented the market into the following categories:
Breakup by End-Use:
โข Food
โข Feed
โข Industrial
Breakup by Region:
โข China
โข United States
โข Brazil
โข Europe
โข Argentina
โข India
โข Others
๐๐๐ญ ๐ข๐ง ๐๐จ๐ฎ๐๐ก ๐ฐ๐ข๐ญ๐ก ๐จ๐ฎ๐ซ ๐๐ฑ๐ฉ๐๐ซ๐ญ ๐๐๐๐ฆ ๐๐จ๐ซ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐จ๐ซ ๐๐ฎ๐ซ๐ญ๐ก๐๐ซ ๐ข๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง: https://www.imarcgroup.com/request?type=report&id=578&flag=C
๐๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ง ๐ฌ๐๐ซ๐ฏ๐ ๐๐ฌ ๐๐ง ๐๐ฑ๐๐๐ฅ๐ฅ๐๐ง๐ญ ๐ ๐ฎ๐ข๐๐ ๐๐จ๐ซ ๐ข๐ง๐ฏ๐๐ฌ๐ญ๐จ๐ซ๐ฌ, ๐ซ๐๐ฌ๐๐๐ซ๐๐ก๐๐ซ๐ฌ, ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐๐ง๐ญ๐ฌ, ๐ฆ๐๐ซ๐ค๐๐ญ๐ข๐ง๐ ๐ฌ๐ญ๐ซ๐๐ญ๐๐ ๐ข๐ฌ๐ญ๐ฌ ๐๐ง๐ ๐๐ฅ๐ฅ ๐ญ๐ก๐จ๐ฌ๐ ๐ฐ๐ก๐จ ๐๐ซ๐ ๐ฉ๐ฅ๐๐ง๐ง๐ข๐ง๐ ๐ญ๐จ ๐๐จ๐ซ๐๐ฒ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ ๐ฆ๐๐ซ๐ค๐๐ญ ๐ข๐ง ๐๐ง๐ฒ ๐๐จ๐ซ๐ฆ.
Key Highlights of the Report:
โข Market Performance (2017-2022)
โข Market Outlook (2023-2028)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Other Reports by IMARC Group:
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCโs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companyโs expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
Elena Anderson
IMARC Services Private Limited
+1 631-791-1145
email us here