The global soybean oil market achieved a production volume of 47.1 million tons in 2016, marking a significant milestone. Soybean oil, the second most consumed vegetable oil worldwide, accounts for nearly 20% of global edible oil consumption. Known for its balanced composition of low saturated fats and high polyunsaturated fats, soybean oil is rich in phytosterols, vitamin E, and omega-3 and omega-6 fatty acids. This nutritious oil offers numerous health benefits, including lowering cholesterol, enhancing heart health, boosting immunity, preventing osteoporosis, and reducing cognitive disorders.
According to a comprehensive report by Expert Market Research, the global soybean oil market is experiencing robust growth driven by several key factors:
The global soybean oil market is dominated by several major players who leverage large-scale production, trading, and marketing:
| End-Use Sector | Description |
|---|---|
| Food | Cooking, salad dressings |
| Industrial | Adhesives, insecticides, candles, waxes, printing inks, coatings, lubricants, pharmaceuticals, hydraulic fluids, plastics, specialty products |
| Feed | Enhances energy density, improves feed utilization efficiency |
| Country | Role in Market |
|---|---|
| China | Largest producer and consumer |
| United States | Major market |
| Brazil | Major market |
| Argentina | Major market |
| EU-27 | Major market |
| India | Major market |
| Mexico | Major market |
| Others | Various roles |
| Company | Description |
|---|---|
| Bunge | Leading global agribusiness and food company |
| ADM | Major player in agricultural processing and food ingredients |
| Cargill | Global provider of food, agriculture, financial, and industrial products |
| Ag Processing Inc. | Cooperative involved in soybean processing |
| CHS | Leading global agribusiness owned by farmers, ranchers, and cooperatives |
For a detailed analysis, you can access the full report by Expert Market Research here.
The global soybean oil market is poised for continued growth, driven by its health benefits, cost-effectiveness, and versatility across various sectors. With major players like Bunge, ADM, and Cargill leading the charge, the market is set to expand further, meeting the rising demand from an increasingly health-conscious global population.
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