PUBLISHER: IMARC | PRODUCT CODE: 1287345
PUBLISHER: IMARC | PRODUCT CODE: 1287345
The global soybean oil market size reached 60.0 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 67.6 Million Tons by 2028, exhibiting a growth rate (CAGR) of 1.9% during 2023-2028.
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.
IMARC Group provides an analysis of the key trends in each sub-segment of the global soybean oil market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on end-use.
Based on end-use, the report finds that food industry currently represents the largest end-use segment of soybean oil. Soybean oil is mostly used for frying, baking and as a condiment in salads.
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.
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 size of the global soybean oil market in 2022?
2. What is the expected growth rate of the global soybean oil market during 2023-2028?
3. What are the key factors driving the global soybean oil market?
4. What has been the impact of COVID-19 on the global soybean oil market?
5. What is the breakup of the global soybean oil market based on the end-use?
6. What are the key regions in the global soybean oil market?
7. Who are the key companies/players in the global soybean oil market?