Picture
SEARCH
What are you looking for?
Need help finding what you are looking for? Contact Us
Compare

PUBLISHER: IMARC | PRODUCT CODE: 1287345

Cover Image

PUBLISHER: IMARC | PRODUCT CODE: 1287345

Soybean Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

PUBLISHED:
PAGES: 127 Pages
DELIVERY TIME: 2-3 business days
SELECT AN OPTION
PDF & Excel (Single User License)
USD 2499
PDF & Excel (5 User License)
USD 3499
PDF & Excel (Corporate License)
USD 4499

Add to Cart

Market Overview:

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.

Global Soybean Oil Industry 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.

Key Market Segmentation:

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.

Breakup by End-Use:

  • Food
  • Feed
  • Industrial

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.

Regional Insights:

  • China
  • United States
  • Brazil
  • Europe
  • Argentina
  • India
  • Others

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.

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:

  • Archer Daniels Midland Company
  • Bunge Limited
  • Cargill, Incorporated
  • Louis Dreyfus Company B.V.
  • Wilmar International Limited

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?

Product Code: SR1623A41_Report

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Soybean Industry

  • 5.1 Market Performance
    • 5.1.1 Volume Trends
    • 5.1.2 Value Trends
  • 5.2 Market by End-Use
  • 5.3 Market by Region
  • 5.4 Market Forecast

6 Global Edible Oil Industry

  • 6.1 Market Performance
  • 6.2 Market by Region
  • 6.3 Market by Oil Type
  • 6.4 Market Forecast

7 Global Soybean Oil Industry

  • 7.1 Market Overview
  • 7.2 Market Performance
  • 7.3 Impact of COVID-19
  • 7.4 Price Analysis
    • 7.4.1 Key Price Indicators
    • 7.4.2 Price Structure
    • 7.4.3 Price Trends
  • 7.5 Market Breakup by Region
  • 7.6 Market Breakup by End-Use
  • 7.7 Market Forecast
  • 7.8 SWOT Analysis
    • 7.8.1 Overview
    • 7.8.2 Strengths
    • 7.8.3 Weaknesses
    • 7.8.4 Opportunities
    • 7.8.5 Threats
  • 7.9 Value Chain Analysis
    • 7.9.1 Raw Material Procurement
    • 7.9.2 Manufacturing
    • 7.9.3 Marketing
    • 7.9.4 Distribution
    • 7.9.5 Exports
    • 7.9.6 End-Use
  • 7.10 Porter's Five Forces Analysis
    • 7.10.1 Overview
    • 7.10.2 Bargaining Power of Buyers
    • 7.10.3 Bargaining Power of Suppliers
    • 7.10.4 Degree of Competition
    • 7.10.5 Threat of New Entrants
    • 7.10.6 Threat of Substitutes
  • 7.11 Key Market Drivers and Success Factors

8 Market Performance by End-Use

  • 8.1 Food
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Feed
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Industrial
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast

9 Market Performance of Key Regions

  • 9.1 China
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 United States
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Brazil
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Europe
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast
  • 9.5 Argentina
    • 9.5.1 Market Trends
    • 9.5.2 Market Forecast
  • 9.6 India
    • 9.6.1 Market Trends
    • 9.6.2 Market Forecast
  • 9.7 Others
    • 9.7.1 Market Trends
    • 9.7.2 Market Forecast

10 Competitive Landscape

  • 10.1 Market Structure
  • 10.2 Key Players

11 Soybean Oil Processing

  • 11.1 Product Overview
  • 11.2 Detailed Process Flow
  • 11.3 Various Types of Unit Operations Involved
  • 11.4 Mass Balance and Raw Material Requirements

12 Project Details, Requirements and Costs Involved

  • 12.1 Land Requirements and Expenditures
  • 12.2 Construction Requirements and Expenditures
  • 12.3 Plant Layout
  • 12.4 Plant Machinery
  • 12.5 Machinery Pictures
  • 12.6 Raw Material Requirements and Expenditures
  • 12.7 Raw Material and Final Product Pictures
  • 12.8 Packaging Requirements and Expenditures
  • 12.9 Transportation Requirements and Expenditures
  • 12.10 Utility Requirements and Expenditures
  • 12.11 Manpower Requirements and Expenditures
  • 12.12 Other Capital Investments

13 Loans and Financial Assistance

14 Project Economics

  • 14.1 Capital Cost of the Project
  • 14.2 Techno-Economic Parameters
  • 14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
  • 14.4 Taxation and Depreciation
  • 14.5 Income Projections
  • 14.6 Expenditure Projections
  • 14.7 Financial Analysis
  • 14.8 Profit Analysis

15 Key Player Profiles

  • 15.1 Archer Daniels Midland Company
  • 15.2 Bunge Limited
  • 15.3 Cargill, Incorporated
  • 15.4 Louis Dreyfus Company B.V.
  • 15.5 Wilmar International Limited
Product Code: SR1623A41_Report

List of Figures

  • Figure 1: Global: Soybean Oil Market: Major Drivers and Challenges
  • Figure 2: Global: Soybean Market: Production & Consumption (in Million Tons), 2017-2022
  • Figure 3: Global: Soybean Market: Production & Consumption (in Million US$), 2017-2022
  • Figure 4: Global: Soybean Market Production: Breakup by Region (in %), 2022
  • Figure 5: Global: Soybean Market Consumption: Breakup by Region (in %), 2022
  • Figure 6: Global: Soybean Market Consumption: Breakup by End-Use (in %), 2022
  • Figure 7: Global: Soybean Market Forecast: Production & Consumption (in Million Tons), 2023-2028
  • Figure 8: Global: Soybean Market Forecast: Production & Consumption (in Million US$), 2023-2028
  • Figure 9: Global: Edible Oil Market: Production & Consumption (in Million Tons), 2017-2022
  • Figure 10: Global: Edible Oil Market Consumption: Breakup by Oil Type (in %), 2022
  • Figure 11: Global: Edible Oil Market: Breakup by Region (in %), 2022
  • Figure 12: Global: Edible Oil Market Forecast: Production & Consumption (in Million Tons), 2023-2028
  • Figure 13: Global: Soybean Oil Market: Production Volume Trends (in Million Tons), 2017-2022
  • Figure 14: Global: Soybean Oil Market: Consumption Volume Trends (in Million Tons), 2017-2022
  • Figure 15: Global: Soybean Oil Market: Production Value Trends (in Billion US$), 2017-2022
  • Figure 16: Global: Soybean Oil Market: Consumption Value Trends (in Billion US$), 2017-2022
  • Figure 17: Global: Soybean Oil Market: Average Prices (in US$/Ton), 2017-2028
  • Figure 18: Global: Soybean Oil Market: Breakup by Region (in %), 2022
  • Figure 19: Global: Soybean Oil Market: Breakup by End-Use (in %), 2022
  • Figure 20: Global: Soybean Oil Market Forecast: Consumption Volume Trends (in Million Tons), 2023-2028
  • Figure 21: Global: Soybean Oil Market Forecast: Consumption Value Trends (in Billion US$), 2023-2028
  • Figure 22: Global: Soybean Oil Industry: SWOT Analysis
  • Figure 23: Global: Soybean Oil Industry: Value Chain Analysis
  • Figure 24: Global: Soybean Oil Industry: Porter's Five Forces Analysis
  • Figure 25: China: Soybean Oil Market: Volume Trends (in Million Tons), 2017 & 2022
  • Figure 26: China: Soybean Oil Market Forecast: Volume Trends (in Million Tons), 2023-2028
  • Figure 27: United States: Soybean Oil Market: Volume Trends (in Million Tons), 2017 & 2022
  • Figure 28: United States: Soybean Oil Market Forecast: Volume Trends (in Million Tons), 2023-2028
  • Figure 29: Brazil: Soybean Oil Market: Volume Trends (in Million Tons), 2017 & 2022
  • Figure 30: Brazil: Soybean Oil Market Forecast: Volume Trends (in Million Tons), 2023-2028
  • Figure 31: Europe: Soybean Oil Market: Volume Trends (in Million Tons), 2017 & 2022
  • Figure 32: Europe: Soybean Oil Market Forecast: Volume Trends (in Million Tons), 2023-2028
  • Figure 33: Argentina: Soybean Oil Market: Volume Trends (in Million Tons), 2017 & 2022
  • Figure 34: Argentina: Soybean Oil Market Forecast: Volume Trends (in Million Tons), 2023-2028
  • Figure 35: India: Soybean Oil Market: Volume Trends (in Million Tons), 2017 & 2022
  • Figure 36: India: Soybean Oil Market Forecast: Volume Trends (in Million Tons), 2023-2028
  • Figure 37: Others: Soybean Oil Market: Volume Trends (in Million Tons), 2017 & 2022
  • Figure 38: Others: Soybean Oil Market Forecast: Volume Trends (in Million Tons), 2023-2028
  • Figure 39: Global: Soybean Oil (Food) Market: Volume Trends (in Million Tons), 2017 & 2022
  • Figure 40: Global: Soybean Oil (Food) Market Forecast: Volume Trends (in Million Tons), 2023-2028
  • Figure 41: Global: Soybean Oil (Feed) Market: Volume Trends (in Million Tons), 2017 & 2022
  • Figure 42: Global: Soybean Oil (Feed) Market Forecast: Volume Trends (in Million Tons), 2023-2028
  • Figure 43: Global: Soybean Oil (Industrial) Market: Volume Trends (in Million Tons), 2017 & 2022
  • Figure 44: Global: Soybean Oil (Industrial) Market Forecast: Volume Trends (in Million Tons), 2023-2028
  • Figure 45: Soybean Oil Processing: Detailed Process Flow
  • Figure 46: Soybean Oil Processing: Conversion Rate of Products
  • Figure 47: Soybean Oil Processing: Proposed Plant Layout
  • Figure 48: Soybean Oil Processing: Breakup of Capital Costs (in %)
  • Figure 49: Soybean Oil Industry: Profit Margins at Various Levels of the Supply Chain
  • Figure 50: Soybean Oil Processing: Manufacturing Cost Breakup (in %)

List of Tables

  • Table 1: Global: Soybean Oil Market: Key Industry Highlights, 2022 and 2028
  • Table 2: Global: Soybean Oil Market Forecast: Breakup by End-Use (in Million Tons), 2023-2028
  • Table 3: Global: Soybean Oil Market Forecast: Breakup by Region (in Million Tons), 2023-2028
  • Table 4: Global: Soybean Oil Market: Competitive Structure
  • Table 5: Global: Soybean Oil Market: Key Players
  • Table 6: Soybean Oil Processing Plant: Costs Related to Land and Site Development (in US$)
  • Table 7: Soybean Oil Processing Plant: Costs Related to Civil Works (in US$)
  • Table 8: Soybean Oil Processing Plant: Machinery Costs (in US$)
  • Table 9: Soybean Oil Processing Plant: Raw Material Requirements
  • Table 10: Soybean Oil Processing Plant: Costs Related to Salaries and Wages (in US$)
  • Table 11: Soybean Oil Processing Plant: Costs Related to Other Capital Investments (in US$)
  • Table 12: Soybean Oil Processing Plant: Details of Financial Assistance Offered by Financial Institutions
  • Table 13: Soybean Oil Processing Plant: Capital Costs (in US$)
  • Table 14: Soybean Oil Processing Plant: Techno-Economic Parameters
  • Table 15: Soybean Oil Processing Plant: Taxation and Depreciation
  • Table 16: Soybean Oil Processing Plant: Income Projections (in US$)
  • Table 17: Soybean Oil Processing Plant: Expenditure Projections (in US$)
  • Table 18: Soybean Oil Processing Plant: Cash Flow Analysis Without Considering the Income Tax Liability
  • Table 19: Soybean Oil Processing Plant: Cash Flow Analysis on Considering the Income Tax Liability
  • Table 20: Soybean Oil Processing Plant: Profit and Loss Account
Have a question?
Picture

Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

Picture

Christine Sirois

Manager - Americas

+1-860-674-8796

Questions? Please give us a call or visit the contact form.
Hi, how can we help?
Contact us!