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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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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, 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:
By distribution channel, the market is segregated into:
The regional markets for the product include Northern Canada, British Columbia, Alberta, the Prairies, Central Canada, and Atlantic Canada.
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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.
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:
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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by End Use |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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