The globalSoy Oil Marketis expected to reach USD 48.18 Billion by 2027, according to a new report by Reports and Data. The growth of the market is attributed to the growing demand for soy oil amongst various end-use applications. The rising awareness among individuals pertaining to the benefits of soybean oil with respect to other edible vegetable oils is playing an instrumental role in driving the growth of the market. Soy oil is a rich source of omega-3 fatty acids and vitamin E, and hence consumers concerned about their health issues are expected to change their food preferences, which in turn, will propel the growth of the market in the upcoming years.
Soy oil finds extensive usage in food products as it lowers total body cholesterol along with bad LDL (low-density lipoprotein) cholesterol. Soy oil processed through special means is deployed for the treatment of osteoarthritis. This oil also used for application directly to the skin to ward off mosquitoes and other insects. Moreover, soybean oil is utilized in intravenous feedings as a nutritional supplement. Bio-diesel made from soy oil is used as a non-toxic, clean-burning, renewable fuel and may be implemented in any diesel engine without requiring any modification. Biodiesel fuel made from soy oil is beneficial in the reduction of particulate emission and greenhouse gases and assist in decreasing dependence on imported petroleum. Thus, biodiesel production is creating ample opportunities for market growth in the future.
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Competitive Landscape:
The research report offers details about leading companies in the global Soy Oil market along with global position, financial standing, license agreement, products and services portfolio and revenue contribution of each market player. Key players in the market are focusing on adopting various strategies such as mergers and acquisition, business expansion plans, new product launches, partnerships, collaborations, joint ventures to enhance their product base and gain robust footing in the market.
Some of the Leading Market Players Are Listed Below:
- Archer Daniels Midland Company,
- Bungee Limited,
- Corteva,
- Olam International,
- Wilmar International Limited,
- Granol,
- Cargill Inc.,
- Associated British Food PLC,
- Ruchi Soya Industries,
- Agro-Food Group
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Soy Oil Market Segmentation based on Application Outlook
- Food
- Personal Care
- Agriculture
- Bio-Diesel
- Others
Soy Oil Market Segmentation based on Distribution Channel Outlook
- Online
- Offline
Soy Oil Market Segmentation based on End-Use Outlook
- Commercial
- Household
Soy Oil Market Segmentation based on Regions:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of Latin America)
- Middle East Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East Africa)
Key Features of the global Soy Oil Market:
- The report offers detailed estimations at the regional level with manufacturers, consumption, sales and import/export dynamics.
- The report provides accurate details related of the manufacturers/vendors in the market, company overview, pricing analysis, financial standing, product portfolio, and gross profit of leading companies.
- Company profiling with prevalent expansion strategies, revenue generation, and recent developments.
- Optimum strategic initiatives for new players in the market.
- Manufacturing processes, suppliers, cost, rates of production and consumption, transport mode and cost structuring, and value chain analysis.
- The study also includes supply chain trends, including elaborate descriptions of the latest technological development
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