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Report Overview
The global soybean oil market reached a volume of 60.45 MMT in 2023. The market is expected to grow further at a CAGR of 1.40% between 2024 and 2032 to reach a volume of 68.51 MMT by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Soybean Oil Market Analysis
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 analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the industry has also been provided.
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.
Soybean Oil Market Report Snapshots
*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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Key Questions Answered in the Report
The market reached a volume of 60.45 MMT in 2023.
The market is estimated to grow at a CAGR of 1.40% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a volume of 68.51 MMT by 2032.
The increasing application of soybean oil in the food and feed sector, growing demand for high-quality packaged foods, rapid development of fast-food joints, increasing demand from households, and increasing awareness about the health benefits offered by soybean oil are the major drivers of the market.
The key trends in the market include the increasing adoption of soybean oil as an alternative to high fat oils, thriving e-commerce sector, and increasing disposable income.
Food, industrial, and feed, among others, are the different end uses in the market.
Soybean oil contains omega-3 fatty acids and heart-healthy fats, making it a healthy cooking ingredient.
Soybean oil is considered as a healthier option as compared to various other oils, including vegetable oil.
The major regions in the market are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Archer Daniels Midland Company (ADM), Bunge Limited, Cargill, Inc., Wilmar International Ltd., AG Processing Inc. (AGP), Olam Agri Holdings Pte Ltd., Louis Dreyfus Company B.V., CHS Inc, Aceitera General Deheza, and IB Group, among others, are the key players in the soybean oil market, according to the report.
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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
+61-448-061-727
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.
+63-287-899-028, +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
+84-865-399-124