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Allied Market Research

Soybean Oil Market Type (Processed, Virgin) Application (Household, Commercial) Distribution Channel (Retail, Supermarkets, Specialty Stores, Online, Others) : Global Opportunity Analysis and Industry Forecast, 2020-2027

A08384
Pages: NA
Feb 2021 | 181 Views
 
Author(s) : Jatendu Samal
Tables: NA
Charts: NA
 

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Soybean oil is extracted from soya plants and can be used in multiple cuisines and recipes. To extract the oil soybeans are run through catalytic cracker in a refinery and the extracted oil is sold as soybean oil whereas the by-product is turned in to soybean meals in form of soya chunks or granules. Soy bean oil is good source of omega-3 fatty acids and vitamin E which helps in maintaining the body. The soybean oil is used for baking, frying, cooking, garnishing salads, resins, mastics, plastics, caulks, biodiesel, insecticides animal feed, drying oil and as raw material in paint industry. Soy bean oil helps in treatment of osteoarthritis, lower low-density cholesterol (LDL) and acts as a mosquito & insect repellent. The current market has high demand of soybean oils as is the next substitute to palmolein oil and are healthy for consumption than palmolein. Soybean oil is commonly used for household cooking and have high demand from restaurants and hotels.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years 

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value ($US)

  Segments covered

  Type, Application, Industry Vertical, Distribution Channel, and Region

  Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

  Companies covered

Archer Daniels Midland Company (ADM), Bunge, Cargill, Louis Dreyfus, Ruchi Soya Industries Limited, LE GROUP INDUSTRIES, AGRO FOOD GROUP, IB Group, FEDIOL, Aceitera General Deheza, Harvest Brand, Granol and Wilmar International Ltd.

 

COVID-19 ScenarioAnalysis:

  • The manufacturers are facing problems as the raw materials supply has been affected due to lockdown of international boundaries.
  • The market will grow significantly once the restrictions are lifted as demand of soybean oils will rise after the lockdown as consumers will demand to eat outside foods.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The edible vegetable oils market has grown significantly because of rise in awareness among the consumers toward consumption of healthy oils which have zero trans-fat and low saturated fats. Moreover, the demand from increasing population, expansion of distribution channel, rapid urbanization, increasing yield of soy crop and awareness about healthy vegetable oils are the factors that drive the growth of the global soybean oil market. However, the major constraints of the market are availability of cheap alternatives from local players and competition from other oils such as rice-bran oil, sunflower oil and olive oil. Innovations and development are related to use of soybean oil for animal feed.

The global soybean oil markettrends are as follows:

New product launches to flourish the market

Research and development in the soybean oil market has helped to develop various uses of soybean oil. The manufacturers gave found out new varieties of seed that has improved nutrients and other benefits. High oleic soybeans were developed by seed companies to produce a trans-fat-free soybean oil which has more nutritional benefits than the traditional soybean.  In addition, the soybean oils are also used for bio-diesel fuel.

Good Year has developed a new range of tire that are made using soybean oil. The product under the brand name “Assurance Weather Ready” is an all-season tire that gives better grips in road and performs well and fine in dry, wet and cold weather conditions. The competitive advantage of the tire is it provides excellent traction control among all the competitors in the market.

Surge in usage as bio-diesel infuel industry

Manufacturers have been focusing on producing new bio-diesels using soybean oil that can be available as an alternate to fossil fuels.  The most common procedure for producing bio-diesel using vegetable oils and animal fats using methanol or ethanol in the presence of sodium hydroxide which acts as a catalyst. The successful commercial use of bio-diesel using soybean oil has not been introduced to the market but the soybean oil has fuel capabilities which have been proved under prototype and pilot projects which has made many fuel companies to invest in the research and produce bio-diesels that could be the next alternative to fossil fuels.

Key Segments Covered:

Segments

Sub-segments

Type

  • Processed
  • Virgin

Application

  • Household
  • Commercial

Distribution Channel

  • Retail
  • Supermarkets
  • Specialty Stores
  • Online
  • Others

 

Key Benefits of the Report:

  • This study presents the analytical depiction of the global soybean oilindustry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global soybean oilmarket share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global soybean oilmarket growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global soybean oilmarket analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Soybean Oil MarketResearch Report:

  • What are the leading market players active in the soybean oilmarket?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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