Technavio has been monitoring the global soybean oil market and the market is poised to grow by USD 10.07 billion during 2019-2023 at a CAGR of 4% during the forecast period. Request Free Sample Pages
Read the 115-page research report with TOC on "Soybean Oil Market Analysis Report by Product (Conventional soybean oil and Organic soybean oil), by Geography (APAC, Europe, MEA, North America, and South America), and Segment Forecasts, 2019 - 2023".
The market is driven by the increasing preference for healthy food ingredients. In addition, the growing popularity of high oleic soybean oil is anticipated to further boost the growth of the soybean oil market.
Health-conscious consumers are increasingly adopting healthy edible oils such as soybean oil both in blended and refined forms. It contains a variety of essential fatty acids such as monounsaturated oleic acid, linoleic acid, and alpha-linolenic acid. The presence of omega-3 fatty acids regulates the cholesterol level and protects the cell membranes of skin and eyes. Thus, the increasing preference for healthy food ingredients is expected to drive market growth during the forecast period.
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Major Five Soybean Oil Market Companies:
Archer Daniels Midland Co.
Archer Daniels Midland Co. is headquartered in the US and operates the business under various business segments such as Origination, Oilseeds, Carbohydrate Solutions, and Nutrition. The company offers 86-070-0 RBD soybean oil for applications such as baking and frying.
Bunge Ltd. is headquartered in the US and offers products through the following business units: Agribusiness, Food and Ingredients, Sugar and Bioenergy, and Fertilizer. The company offers soybean oil for mayonnaise, sauces, baking and pastry, and salad dressings.
Cargill Inc. is headquartered in the US and operates under various business segments, namely Animal Nutrition & Protein, Food Ingredients & Applications, Origination & Processing, and Industrial & financial Services.
DowDuPont Inc. is headquartered in the US and offers products through the following business segments: Agriculture, Performance Materials & Coatings, Industrial Intermediates & Infrastructure, Packaging & Specialty Plastics, Electronics & Imaging, Nutrition & Biosciences, Transportation & Advanced Polymers, and Safety & Construction.
Louis Dreyfus Co. BV
Louis Dreyfus Co. BV is headquartered in the Netherlands and offers products through the following business segments: Value Chain Segment and Merchandizing Segment. The company offers soybean oil under its brand names Valência and Vila Velha.
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Soybean Oil Product Outlook (Revenue, USD Million, 2019 - 2023)
Soybean Oil Regional Outlook (Revenue, USD Million, 2019 - 2023)
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