Market Research

Soybean Oil Market 2020 : COVID-19 Impact Analysis & Forecast 2025

According to a new report by Expert Market Research, the global soybean oil market reached a volume of 56 million tons in 2019. The market is presently gaining impetus due to a number of factors such as rising global population, growing health consciousness among the consumers and growing food industry. Low cost, easy availability and eco-friendly nature of soybean oil has further facilitated its use in various sectors such as food, industrial and feed.

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Key findings from the report:

1. Major end-use sectors of soybean oil are the food, industrial and feed sectors.
2. Considered as one of the healthiest cooking oils, the majority of the soybean oil is used by the food sector for cooking and as a condiment in salads. In the industrial sector, it is used in the production of adhesives, insecticides, candles, waxes, printing inks, coatings, lubricants, pharmaceutical products, hydraulic fluids, plastics and speciality products. In the feed sector, soybean oil adds to the energy density of the feed and improves feed utilisation efficiency.
3. Country-wise, China represented both the largest producer and consumer of soybean oil. Other major markets include the United States, Brazil, Argentina, EU -27, India, Mexico and others.
4. The global soybean oil market is surrounded by a number of global and national players. The global players use their influence of large-scale production, trading and marketing to their advantage. Some of the key players operating in the market include Bunge Limited, The Archer Daniels Midland Company, Cargill, Incorporated, Ag Processing Inc A Cooperative, CHS Inc., and among others.

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Expert Market Research has analyzed the global soybean oil market according to end-use, key countries and major players:

Market breakup by End-Use

1. Food
2. Industrial
3. Feed

Breakup by Country

1. China
2. The United States
3. Brazil
4. Argentina
5. EU -27
6. India
7. Mexico
8. Other

Competitive Landscape & Supplier Analysis

1. Bunge Ltd (NYSE: BG)
2. Archer Daniels Midland Co (NYSE: ADM)
3. Cargill, Incorporated
4. Ag Processing Inc A Cooperative
5. CHS Inc.
6. Others

Read More Reports:

https://www.expertmarketresearch.com/reports/beer-processing-market
https://www.expertmarketresearch.com/reports/latin-america-natural-sweeteners-market

Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Note 2: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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