Scope of the Study
Soybean oil is defined as the vegetable oil which is extracted from the seeds of the soybean. It contains omega-3 fatty acids and vitamin E. Numerous health benefit of soybean oil such as improves metabolic activity, preventing cancer, improving bone health, helps to boost digestive health, preventing birth defects, improving bone health, improve blood circulation, among others. Increasing awareness among consumer regarding the benefit of soybean oil and increasing usage of soybean oil in various application such as food, cosmetics, and personal care products, among others are some of the major factors which affects the growth of the market in future.
The market study is being classified by Type (Gm Soybean and Non-Gm Soybean), by Application (Supermarket, Convenience Store and Other) and major geographies with country level break-up.
Wilmar International Ltd. (Singapore), Fortunefoods (India), Thai Vegetable Oil Public Company Limited. (Thailand), Krishiv Infotech Private Limited (India), Netaji Oil Depot Private Limited (India), Shandong Longkou Longda Chemical Industry Co., Ltd. (China), Shanghai Potomer International Trade Co., Ltd. (China), Hongkong Kaer Global Limited (China), Tianjin Hexiyuan Lecithin Technology Co., Ltd. (China) and Ngo Chew Hong Edible Oil Pte Ltd (Singapore) are some of the key players profiled in the study.
The market appears to be highly fragmented and with the presence of several companies including Wilmar International Ltd. (Singapore), Fortunefoods (India), Thai Vegetable Oil Public Company Limited. (Thailand), among others Research Analyst at AMA predicts that China and India Vendors will contribute to the maximum growth of Asia-Pacific Soybean Oil market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Asia-Pacific Soybean Oil market by Type, Application and Region.
On the basis of geography, the market of Soybean Oil has been segmented into Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific). If we see Market by Raw Material, the sub-segment i.e. Organic Soybean Oil will boost the Soybean Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel , the sub-segment i.e. Supermarket will boost the Soybean Oil market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Number of Health Conscious Consumers and Changing Preference of Consumers towards Healthy Food
- Rising Disposal Income among Middle-Class Families in Developing Countries
- Rising Demand for Low Fats and Low Cholesterol Oils and Growing Preferences for Healthy Vegetable Oils
- Issue related to Availability of substitutes such as olive oil, palm oil, sunflower oil, and others
- Concern regarding Growing Environmental Concerns Regarding Vegetable Oil Production
- Growing Demand from Emerging Economics Market Such as China, India, Brazil, among Others
- The problem regarding the Some Side Effect of Soybean Oil Products
- Major Concern regarding the Green and Sustainable Packaging of Soybean Oils
In May 2018, according to the Food Safety and Standards Authority of India, there is specific standard for refined vegetable oil, sunflower seed oil, and sunflower seed oil, with the inclusion of a new standard for chia oil. Hence, it may act restraint for the growth of the market in the future.
Key Target AudienceRaw Material Suppliers and Distributors, Soybean Oil Manufacturers, Government and Research Organizations, Associations and Industrial Bodies and Others
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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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