Top Soybean Oil Manufacturers 2022
Top soybean oil manufacturers 2022! It is very understandable that due to the rising prices of refined soybean oil, every body is researching to understand where and how is soy beans oil been produces, more over to know the biggest players in the refined soybeans oil sector of the agricultural industry.
In 2021, the global soybean oil market will be valued at 58.5 million tons. Research and development (R&D) activities at the top soybean oil manufacturers are increasingly focused on generating sustainable soybean oil that can effectively replace petrochemicals and known carcinogens in various industrial applications according to IMARC Group.
Besides these products, manufacturers also process, refine, and market a full range of locally produced and imported edible vegetable fats, oils, and flour for household consumers and food industries. In addition, advanced technologies are enabling fortified product variants to be introduced and significantly influencing the market’s growth. Based on these factors, the market value is forecast to reach 67.1 Million Tons by 2027, exhibiting a compound annual growth rate of 2.17% (CAGR) between 2022 and 2027.
Top Soybean Oil Manufacturing Companies Worldwide:
Archer Daniels Midland Company (ADM)
Natural products are transformed by ADM into a high-quality portfolio of ingredients and flavors for food and beverages, supplements, and animal nutrition. By transforming natural products into a complete portfolio of ingredients and flavors, the business also aspires to unlock the power of nature and enrich the quality of life.
As well as being versatile and nutritious, soybean oils from ADM are delicious and consumer-friendly. Among their many uses are baked goods, snack foods, dressings and sauces, frying, and food service. Essential fatty acids are considered heart-healthy and are used in a wide variety of food applications.
With more than 100 years of experience in processing oilseeds, Bunge Limited has been one of the world’s largest processors of oilseeds. In addition to producing animal feed, cooking oils, margarine, shortening, and plant-based proteins, the company is a biodiesel manufacturer. The Bunge Loders Croklaan company provides sustainable plant-based specialty oils and fats to the food processing industry.
The company values partnerships with farmers across various value chains to improve the productivity and environmental efficiency of agriculture for bringing high-quality products to the point of consumption. The company is a leading processor of oilseeds and a leading supplier of specialty plant-based oils and fats.
Founded in 1854, Cargill is a global conglomerate that provides consumers with food, agricultural products, commodities, and industrial services around the world. It is the largest global agricultural and industrial company. The company sources oils and fats globally and possesses a comprehensive agricultural portfolio. In-depth supply chain management ensures that only the best ingredients are sourced.
Each customer’s specifications are taken into account when sourcing raw materials. The The company also uses identity-preserved (IdP) and conventionally-bread (non-GM) soybeans to obtain the oil. Moreover, it uses non-GM soybeans to obtain the oil. It undergoes a rigorous and modern manufacturing process to ensure that it does not contain genetically modified organisms cholesterol, and provides a neutral taste that does not interfere with food flavors.
Louis Dreyfus Company B.V.
The Louis Dreyfus Company specializes in the trading and processing of agricultural products. There are liquid and partially hydrogenated variants of Louis Dreyfus’ processed soybean oil. There are numerous products made with this ingredient, including cooking oils, salad dressings, and processed foods. In addition to concentrating on developing a growing product portfolio, the company has a strong merchandising capability, and a commitment to sustainability, such as limiting the conversion of native vegetation for soya and palm cultivation.
Wilmar International Limited
Multiple awards and recognitions have been won by the company for their high-quality products. In addition to edible oils, rice, wheat flour, noodles, sauces, condiments, margarine, sugar, chocolates, and plant-based protein, the company has a diverse portfolio of consumer products across the globe. Moreover, Wilmar International is one of the biggest producers of consumer pack edible oils such as soybean oil, performing well in China, Indonesia, Vietnam, Sri Lanka, and certain African countries.
IMARC Group is one of the leading market research and consulting companies in the world, specializing in management strategy and market research. Multiple projects have been completed on the global soybean oil industry and regional North America, India that have allowed clients to set up and expand their businesses successfully. Services offered by the company include:
- Innovation and Product Development
- Procurement and Distribution
- Plant setup
- Plant Expansion
- Marketing and sales
- Market Research
Global Soybean Oil Market Propelled by Versatile Applications
After taking a careful study about the top soybeans oil manufacturers, We will have to take a look on a global scale about the soybeans oil market and propelled by Versatile Applicaion.
In addition to being made from soybean seeds, soybean oil is one of the most popular vegetable oils. With a low amount of saturated fats and a high level of polyunsaturated fats, it provides phytosterols, vitamin E, omega-3 and omega-6 fatty acids, as well as isoflavones and antioxidants.
There is no comparison between the price of soybean oil and other edible oils such as canola oil, olive oil, coconut oil, and groundnut oil. Consequently, it is more popular in market segments with sensitive pricing, like developing countries. The global soybean oil market is expected to reach 57.3 million tonnes in 2020, according to IMARC Group.
Nutritional and health benefits of soybean oil are providing thrust to the market
Besides regulating cholesterol levels and preventing heart diseases, soybean oil promotes healthy skin and eyes, prevents atherosclerosis, and protects skin cell membranes from damage and infection. As well as reducing transepidermal water loss (TEWL) and UVB rays, soybean oil derivatives are also used in cosmetics and personal care products. In addition to high oleic soybean oil, other high oleic oil products are being developed to extend the shelf life of snack foods and fast food items. Study estimates that by 2026, the market for soybean oil will exceed 67.5 million tons.
Diverse food applications stimulating the soybean oil market
Soybean oil market trends show that it is majorly consumed in the food industry, accounting for around 83% of the total market. Soybean oil acts as an emulsifying agent and is nearly tasteless and odorless which enhances the natural flavor of the prepared food. It is commonly used in preparing margarine; salad dressings; sauces like barbeque and mayonnaise; non-dairy creamers; whipped toppings; potato chips and baked goods. Moreover, it is used in deep frying processes to make crispier crusts, wafers, crackers and bread.
The industrial sector is the second largest end-user of soybean oil as it represents a feasible and sustainable replacement for petrochemicals and known carcinogens in many industrial applications. It is a renewable raw material used in a wide variety of industrial products, including inks, plasticizers, paints, insecticides, adhesives, coatings, waxes, candles, printing inks, pharmaceutical products, bio-diesel, lubricants, and hydraulic fluids.
Soybean oil is also used in the animal feed industry which accounts for the remaining share of its total consumption. It is a good source of fat which can be easily digested by animals. The large amount of polyunsaturated fatty acids present in soybean oil increases the energy density of the feed and improves feed utilization efficiency. Moreover, soybean oil contains linoleic acid, which enhances dairy cow reproduction.
The Chinese market for soybean oil is the largest in the world
According to the report on the global soybean oil market, China is currently the largest producer and consumer of soybean oil. Chinese production represents one-fourth of all production worldwide. India comes in second, followed by the European Union, Brazil, Argentina, North America, and China.
In terms of both price and quality, there are both global and domestic soybean oil manufacturers. ADM, Cargill, Louis Dreyfus, Bunge, and Wilmar are some of the players operating in the market.
Market research and consulting company IMARC Group is a leading market research and consulting company offering management strategy and market research worldwide. Clients have been able to successfully set up and expand their businesses through the company’s work on the soybean oil industry. The services the company offers are as follows:
- Plant setup
- Market Research
- Innovation and Product Development
- Marketing and sales
- Plant Expansion
- Procurement and Distribution
Soybean Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026
In 2020, 57.3 million tons of soybean oil will be produced worldwide. As for the market in the future, IMARC Group predicts that it will reach 67.5 Million Tons by 2026. As a result of the uncertainty surrounding COVID-19, we continuously monitor and evaluate how the pandemic is impacting various end-use industries direct and indirect. Our findings are cited as significant market contributors in the report.
Soybean oil is a yellow-to-clear vegetable oil that is obtained by pressing soybean seeds. The plant is an excellent source of vitamins, proteins, fatty acids, and plant sterols. Consequently, soybean oil improves immunity, prevents osteoporosis, manages heart health, boosts skin and eye health, lowers cholesterol levels, and decreases the possibility of cognitive disorders. Due to its neutral flavor, high smoke point, and negligible saturated fat content, soybean oil has become a favorite cooking oil in households and restaurants.
Global Soybean Oil Industry Drivers:
- The affordable price of soybean oil is one of the major factors driving its global demand. There are a number of edible oils such as canola oil, olive oil, coconut oil, and groundnut oil that are relatively more expensive than soybean oil. Therefore, it is extremely popular in markets where prices are sensitive, such as developing countries.
- Consumption of soybean oil is becoming more widespread among those suffering from health conditions like obesity, high cholesterol and cardiovascular diseases. With an increasing awareness of health, consumers are moving away from ready-to-eat (RTE) products to home-cooked foods, making soybean oil even more popular.
- The numerous functional properties of soybean oil make it useful in a wide range of food and non-food applications in addition to its health benefits. Soybean oil is commonly used in the food industry as a base for sauces, dressings, margarine, shortening, mayonnaise, potato chips, non-dairy creamers, and whipped toppings. Alternatively, soybean oil is used in non-food industries like biodiesel, insecticides, caulk, mastics, plastics, caulk, and for making resins, caulks, mastics, and animal feed.
- China and the United States are among the countries that produce soybean oil. Since soybean oil is widely available and relatively cheap, it represents an efficient alternative in various industrial settings to petrochemicals and known carcinogens.
Key Market Segmentation:
In the global soybean oil market report, IMARC Group analyzes and forecasts the key trends in each sub-segment, along with global and regional growth forecasts for 2021-2026. A market segmentation has been done based on end-use and by application.
Breakup by End-Use:
The report examined end-uses and found that soybean oil is currently used most frequently in the food industry, followed by feed and industrial uses. In addition to being used in cooking and baking, soybean oil can also be used as a condiment in salads.
Insights into the regions:
- United States
Due to the continuously increasing population in the region, China is a leading player in the global soybean oil market on a geographical level. Dishes such as tofu, miso, tempeh, poached fish, deep-fried pork ribs, etc., are extensively prepared using this ingredient. In addition to China, the United States, Brazil, Argentina, Europe, and India are all also on the list.
Landscape of competition:
According to the study, there is a concentrated nature to the competitive structure of the soybean oil market. There are many major players in the market, including:
- Louis Dreyfus
Including all its essential aspects, this report offers a comprehensive overview of the global soybean oil industry. These include macro overviews of the market, macro and micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analyses, Porter’s five forces analyses, and value chain analyses. In addition to providing information about setting up a soybean oil manufacturing facility, the report also analyzes a manufacturing plant.
The study analyzes the processing requirements, manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc.s is done. All entrepreneurs, investors, researchers, consultants, and business strategists who have an interest in the soybean oil industry or are planning a foray into it in any way should read it carefully.
FAQ ABOUT THE REPORT
1. Who are the key companies/players in the global soybean oil market?
2. What has been the impact of COVID-19 on the global soybean oil market?
3. What are the key regions in the global soybean oil market?
According to regional classifications, the global market is divided into China, the United States, Brazil, Argentina, Europe, India, and others, with China dominating the global market at present.
4. What is the size of the global soybean oil market?
5. What are the key factors driving the global soybean oil market?
6. What is the breakup of the global soybean oil market based on the end-use?
Food, industrial usage, and animal feed constitute the three main end-use segments of the global soybean oil market. A major portion of the market share currently belongs to the food sector.