The global soybean oil market reached a volume of 50.6 Million Tons in 2019. Soybean oil refers to a clear yellow vegetable oil which is extracted from the seeds of soybean. It is a rich source of essential nutrients like vitamins, proteins, fatty acids and plant sterols. As a result, soybean oil helps in improving immunity, preventing osteoporosis, managing heart health, boosting skin and eye health, lowering cholesterol levels, and reducing the threat of cognitive disorders. Over the years, soybean oil has become a preferred choice for cooking in households and restaurants due to its neutral taste, high smoke point and negligible saturated fat content. Looking forward, IMARC Group expects the global soybean oil market to exhibit stable growth during 2020-2025.

Global Soybean Oil Market Drivers:

One of the major factors driving the demand for soybean oil worldwide is its affordable price. Soybean oil is relatively less expensive than most other edible oils such as olive oil, canola oil, coconut oil, and groundnut oil. As a result, it is immensely popular in price sensitive markets, particularly in the developing regions.

Nowadays, consumers who suffer from health-conditions like obesity, high cholesterol and cardiovascular diseases are incorporating soybean oil in their food. Increasing health-consciousness has created a shift from ready-to-eat (RTE) products to home cooked items which is further catalyzing the growth of the soybean oil market.

Apart from its health benefits, soybean oil has various functional properties on account of which it is employed in several food and non-food applications. In the food industry, soybean oil is used in the preparation of sauces, dressings, margarine, shortening, mayonnaise, potato chips, non-dairy creamers and whipped toppings. On the other hand, in the non-food industry, soybean oil is utilized for manufacturing resins, caulks, mastics, plastics, biodiesel, insecticides and animal feed.

Soybean oil is produced in countries ranging from China to the United States. As a result of its wide availability, coupled with its relatively low price, soybean oil represents a sustainable replacement for petrochemicals and known carcinogens in various industrial applications.



Breakup by End-Use:

Based on end-use, the report finds that food currently represents the largest end-use segment of soybean oil, followed by industrial usage and animal feed. Soybean oil is mostly used for frying, baking and as a condiment in salads.

Regional Insights:

On a geographical front, China enjoys the leading position in the global soybean oil market on account of the constantly increasing population in the region. It is extensively used in the preparation of dishes like tofu, miso, tempeh, poached fish, deep-fried pork ribs, etc. China is followed by the United States, Brazil, Argentina, Europe and India.

Competitive Landscape:

The competitive structure of the soybean oil market has also been analyzed and has been found to be concentrated in nature. Some of the largest players operating in the market include:

ADM

Bunge

Cargill

Louis Dreyfus

Wilmar



This report provides a deep insight into the global soybean oil industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a soybean oil manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the soybean oil industry in any manner.

Key Questions Answered in This Report:

1. What was the global soybean oil market size in 2019? The global soybean oil market size reached 50.6 Million Tons in 2019.

2. What will be the soybean oil market outlook in the coming years? As per IMARC Group’s estimates, the global soybean oil market will exhibit stable growth during 2020-2025.

3. What are the major global soybean oil market drivers? The rising health consciousness among individuals and the increasing applications of soybean oil in the production of resins, plastics, animal feed, caulks, mastics, biodiesel and insecticides are among the major factors driving the market growth.

4. What are the major trends in the global soybean oil market? On account of the increasing prevalence of chronic diseases and changing lifestyles, individuals are increasingly preferring soybean oil. This can also be accredited to the health benefits associated with its consumption, including improving immunity, reducing the risk of osteoporosis, managing heart health, boosting skin and eye health and lowering cholesterol levels.

5. What is the impact of COVID-19 on the global soybean oil market? Due to the spread of the coronavirus disease (COVID-19), consumer focus has shifted toward the consumption of nutrient-rich food items for boosting immunity, such as soybean oil, which is projected to act favorably for market growth. However, the lockdowns imposed by governments to curb the spread of the pandemic have disrupted the global soybean trade, in turn, influencing the import and export scenario for the soybean oil market.

6. What is the global soybean oil market breakup by end use? On the basis of end use, the market has been categorized into the food, industrial, animal feed and other applications.

7. What are the major regional soybean oil markets? On the geographical front, the market has been segmented into the United States, China, Brazil, Argentina, Europe, India and others.