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The global soybean oil has the potential to grow by USD 10.07 billion during 2019-2023. The growth momentum will accelerate throughout the forecast period, and the market will grow at a CAGR of around 4%.
Increasing consumer preference for healthy food and the rising popularity of high oleic soybean oil are some of the major factors driving the market growth. China, the US, and Brazil are currently the major markets for soybean oil.
The report provides a detailed analysis of the market by product and geography. Also, the report analyzes the market’s competitive landscape and offers information on several market vendors.
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The soybean oil market is fragmented, and the degree of fragmentation will remain the same during the forecast period. Because of the various health benefits, the demand for soybean oil has increased across the world. This has compelled vendors in the market to expand their production capacities. Archer Daniels Midland Co., Bunge Ltd., and Cargill Inc. are some of the major market participants.
Though the accelerating growth momentum will offer immense growth opportunities, the increasing taxes on soybean oil will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The report provides information on the production, sustainability, and prospects of several companies, including:
Soybean oil comprises of a variety of essential fatty acids such as alpha-linolenic acid, linolenic acid, and monounsaturated oleic acid. Omega-fatty acids constitute about 7% of the total acid content in soybean oil. This helps in protecting the cell membranes of skins and eyes. Also, the high concentration of vitamin E in soybean oil protects the skin from damage caused by free radicals and sunburns. Because of such benefits, there is growing popularity of soybean oil among consumers. This coupled with the increasing preference for healthy food ingredients is driving the growth of the global soybean oil market size.
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Countries such as China, India, Japan, and Vietnam are some of the leading consumers of soybean oil in APAC. Over recent years, soybean oil exports from the US to China and South Korea has increased considerably. Several vendors operating in APAC are expanding their capacities by opening new soybean processing plants.
During the forecast period, more than 50% of the overall market growth will originate from APAC. However, the market growth in this region will be slower than the growth of the market in North America.
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Organic farming requires farmers to rotate crops to control pests and remove unwanted weeds regularly. The challenges associated with large-scale production of organic soybean is driving many farmers to stick to conventional soybean production.
As a result, the conventional soybean oil market size will steadily increase during the forecast period. However, the market’s growth in this segment will be slower than the growth of the market in organic soybean oil market segment.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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