Rockville, Md. The global soybean oil market is set to exceed US$ 21.373 Bn by 2022 on steady growth, according to Fact.MR. One of the most widely used cooking oils in the world, soybean oil absorbs nearly two-thirds of global soybean output and keeps gaining ground on rising use in baking, frying and as a salad condiment.
Processed oil dominates the product mix, retail leads end use, and modern trade carries the largest share of sales. Europe is the biggest regional market and grows faster than the rest.
Products, End Use and Channels
Processed soybean oil holds more than two-thirds of revenue, favoured by consumers for its refined quality, and outsells the virgin variant. By end use, retail is the standout, at around 38% of revenue and set to reach US$ 8.156 Bn by 2022, with foodservice second. On distribution, modern trade leads at nearly a third of revenue, while online retail grows steadily.
Europe stays the largest market and posts a higher CAGR than other regions, supported by strong food-industry demand.
Food Demand Drives the Market
The market runs on everyday cooking. Readily available and cost-efficient, soybean oil benefits from its omega-3 and polyunsaturated fat content, and its use extends beyond the kitchen into alkyd resins for inks and paints. Rising demand for trans-fat-free options is pushing producers toward higher-quality refined oil.
Suppliers and Their Playbook
The field brings together large edible oil and agribusiness companies.
- ConAgra Foods (Agrotech Foods Ltd), Ach Food Companies, Inc., Marico Limited, Olympic Oils Limited, American Vegetable Oils, Inc., Fuji Vegetable Oil, Inc., Adams Group, Borges Mediterranean Group, Cargill Inc., Beidahuang Group, Bunge Limited, Associated British Foods (Ach), Archer Daniels Midland Company, Ruchi Soya Industries Ltd, and The Adani Wilmar Ltd. are among the key players in the report.
Reading the Market for Decisions
For producers, growth favours refined, trans-fat-free processed oil and strong retail distribution. Investors get a large market with dependable, staple-food demand. Procurement teams can plan around modern trade leading distribution, retail carrying volume, and Europe offering the largest opportunity through 2022.
About the Report
Fact.MR's study covers the global soybean oil market for the 2017 to 2022 forecast period, with segmentation by product type, end use, distribution channel and region. It sizes each segment, maps the competitive field, and weighs the demand forces shaping the market. Further detail is available in the soybean oil market report.
About Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. The firm is known for its syndicated research, custom research and consulting solutions, helping clients make decisions on demand, competition, investment, procurement and future growth.