According to the latest report by IMARC Group, titled “Soybean Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global soybean oil market size reached 50.6 Million Tons in 2019. Looking forward, the market is expected to continue its moderate growth during the next five years.
Soybean oil has a relatively lower price as compared to the other edible oils available in the market. Due to its high smoke point, neutral taste and negligible saturated fat content, it has become a preferred choice for cooking in households and restaurants.
Soybean Oil Market Trends:
Soybean oil consists of all essential nutrients like vitamins, proteins, fatty acids and plant sterols. The presence of these nutrients helps in improving immunity, preventing osteoporosis, managing heart health, boosting skin and eye health, lowering cholesterol levels, and reducing the threat of cognitive disorders.
Owing to this, consumers who suffer from these health conditions are incorporating soybean oil in their food as it contains low fat and cholesterol. Moreover, several manufacturers are developing high oleic soybean oil that helps to increase the shelf-life of fast food products. This, in turn, is expected to provide a positive outlook for the market in the coming years.
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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Based on the end use, the market has been segregated into food, industrial, animal feed and others. The food industry currently represents the largest end-use segment, accounting for the majority of the global market share.
Region-wise, China exhibits a clear dominance in the global soybean oil market. China is followed by the United States, Brazil, Argentina, Europe and India.
Some of the major players operating in the industry worldwide include Archer Daniels Midland Co (NYSE: ADM), Bunge Ltd (NYSE: BG), Cargill, Louis Dreyfus, and Wilmar.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/soybean-oil-processing-plant
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