Fact.MR has published a new
research report on global soybean oil market sizes, upcoming industry trends
and growth opportunity through 2017-2022 to its online database that tries to
unveil the various scenarios prevailing in the soybean
oil market. This assessment delivers a smart compilation of primary and
secondary data which provides a clear insight about the future plans expected
to impact the soybean oil market. This study comprises of prominent data which
makes it a beneficial source for investors, analysts and industry experts to
acquire necessary knowledge associated to the fundamental market trends,
opportunities and growth drivers.
Soybean oil is a popular cooking oil that is
used by consumers across the globe. Close to two-third of the soybeans produced
globally is used for production of soybean oil. Over the past couple of years,
the global production of soybean oil has soared substantially. This is
attributed to the expanding application base of the product in the food and
beverage industry. Traditionally, soybean oil is used for baking,
frying and even for garnishing salads. It also finds application in
manufacturing of paint and drying oil. For many year now, the product has been
a key raw material in making alkyd resins. Soybean oil remains one of the most
low cost vegetable oil, which is readily available in the market. Factors
as such are reflecting favorably on the global soybean oil market. Fact.MR’s
latest study reveals that the global soybean oil market will ride
at a moderate CAGR during the forecast period (2017-2022) to surpass a
valuation of US$ 21,373 Mn.
Global Consumption of Processed Soybean Oil to
Remain the Highest
The global consumption of processed soybean oil is expected to
remain significantly higher as compared to the virgin variant. In addition,
sales of processed soybean oil currently account for more than two-third share
of the market in terms of revenue and are expected to gain 70 BPS over 2022.
Processed soybean oil can be used directly for cooking purposes without any
purification or refining obligations, and hence is preferred by most consumers.
On the basis of end use, the retail segment is expected to remain highly
attractive throughout the forecast period. Currently, this segment accounts for
little over 38% revenue share of the market and projected to reach valuation of
US$ 8,156 Mn by 2022. Meanwhile, the foodservice segment is estimated to retain
its second spot.
By distribution channel, modern trade will remain the leading
segment of the market in 2017 and beyond. This segment currently accounts for
around one-third market share in terms of revenue. At the same time, online
retail stores are also steadily emerging as key distribution channel for
soybean oil.
Europe will remain the leading market for soybean oil over the
forecast period. The region’s market is projected to increase at a steady CAGR
over 2022. There is substantial usage of the product both as feed and
fuel in the region. Asia Pacific excluding Japan (APEJ) will also continue to
be an attractive market for soybean oil owing to its high consumption as well
as production in countries such as China and India.
Ask
Industry Experts about this Report - https://www.factmr.com/connectus/sample?flag=AE&rep_id=111
Competition Tracking
Ruchi Soya Industries Ltd, The Adani Wilmar Ltd., Archer Daniels
Midland Company, Associated British Foods (Ach), Bunge Limited, Beidahuang
Group, Cargill Inc., Borges Mediterranean Group, Adams Group, Fuji Vegetable
Oil, Inc., Olympic Oils Limited, American Vegetable Oils, Inc., Marico Limited,
Ach Food Companies, Inc, and ConAgra Foods (Agrotech Foods Ltd) are the key
companies profiled in the Fact.MR’s report.
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