Soybean Oil Market - Global Market Share, Trends, Analysis,Forecast 2016 – 2023

Soybean Oil Market - Global Market Share, Trends, Analysis,Forecast 2016 – 2023

  • Submitted By: amyjames
  • Date Submitted: 05/29/2016 11:31 PM
  • Category: Business
  • Words: 839
  • Page: 4

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Soybean oil is a vegetable oil extracted from soybeans. Soybean oil is mainly used in the household cooking and in restaurants
as one of the important ingredients for cooking.
Soybean oil has major usage in preparing margarine and shortenings. The market for soybean oil can be segmented on the
basis of its applications such as, in Mayonnaise, salad dressing, frozen foods, meat products and commercially baked goods.
The Soybean oil market can also be segmented geographically into North America, APAC, Europe and Rest of the world (RoW)
The soybean oil market is expected to grow with a single digit CAGR from 2013 to 2019.
The key driver of this market is the good emulsifying ability of the soybean oil. The soybean oil is considered to be healthy
option due to lesser calories than conventional edible oils. Therefore the preference for soybean oil is more than the other type
of vegetable oil present in the market. Soybean oil is low in saturated fat, and has no Trans fat , moreover it is a major source of
omega3-fatty acids and Vitamin E. The growing health concerns, changing life styles and chaing food patterns among
consumers to use healthy products in their daily diet are expected to support the growth in this market. Manufacturers are
focusing more on the innovation to make oil healthy and tasty. The versatility and competitive price associated with soybean oil...

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