Global Soya Stand Oil Market Overview:
Soy sand oil is a vegetable oil that is derived from soybean seeds. It is the second most common vegetable oil and one of the most commonly used cooking oils. As cooking oil witnesses increasing demand the demand for soya stands oil is rising with it. Stand oils are thickened oils that are made from base oils using heating techniques. Soya stands oil in countries like India is a source of nutrition as it is widely used in cooking. As the oil is yet to penetrate many markets; the demand is speculated to increase with the increasing cost-effectiveness of soya stand oil. In many food cultures, soya stand oil already has its place as an ingredient. Soya Stand Oil also has an application as a reaction initiator in the production of alkyd Resin, an additive for greases and lubricants.
- Increasing Demand for Soya Stand Oil for Cooking
- Growing Demand of Soya Stand Oil in Oil Paints
- Increasing Positive Opinion Among General Public About Soya Stand Oil
- Availability of Alternatives to Soya Stand Oil
- Rising Marketing on Promoting Soya Stand Oil Will Increase Its Demand
- Increasing Demand of Soya Stand Oil from Developing Countries Like India For Cooking
- Some Individuals May Be Allergic to Soya Stand Oil
- Soya Stand Oil May Be Not Match Some Food Cultures
This market is fragmented and does not have any distinct market leader. Asia has the biggest market share due to its food culture that encourages the use of soya stand oil. Firms in this market are mostly private limited companies. There is an emerging demand for developed countries due to newfound applications of soya stand oil.
Some of the key players profiled in the report are Industrial Oleochemical Products (South Africa), MPD Industries Pvt. Ltd (India), Vandeputte (Belgium), Oleon (Belgium), Groupe Avril (France), Ruchi Soya Industries (India), Cargill (India), Adani Wilmar (India), FEDIOL (Belgium) and Krishi Oils Limited (India). Considering Market by Industry Verticals, the sub-segment i.e. Food and Beverages will boost the Soya Stand Oil market. Considering Market by Distribution Channel, the sub-segment i.e. Supermarkets and Hypermarkets will boost the Soya Stand Oil market.
Latest Market Insights:
On 18th Dec 2019, Patanjali Ayurved made its first major purchase when it paid Rs 4,350 crore for the insolvency of Ruchi Soya, the manufacturer of soya food brand Nutrela. Patanjali will profit from the acquisition by gaining access to edible oil plants as well as soyabean oil brands like Mahakosh and Ruchi Gold. Patanjali spokesperson S K Tijarewala claims that the company has fulfilled all formalities and deposited the full volume of debt and equity. Ruchi Soya is now officially a Patanjali group company.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Soya Stand Oil market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Soya Stand Oil market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Soya Stand Oil Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.