Soybean oil is extracted from the seeds of the soybean plant and is identified as one of the most extensively manufactured, produced and consumed oil after palm oil. Soybean oil is rich in omega 3 fatty acids, negligible saturated fats, and no trans fats, making it a popular emulsifying agent marketable among soybean oil suppliers across the globe. Soybean oil also carries elements such as plant sterols, minerals, and vitamins which are considered good for health.
Soybean plantation, farming, and production rates are observed to be growing and expanding many folds. The market for soybean not only finds application in the food but also in the automobile, paints and cosmetic industry. Soybean oil makes up an active ingredient in canola meals and is foreseeing a consistent market consumption in developed nations.
In recent times, the maximum percentage of global soybean oil is being consumed by the food sector, followed by industrial and animal feed. The fastest growing segment is, however, the industrial sector making use of soybean oil. Geographically, China and America compete for being the largest manufacturer and consumer of soybean oil, although they make use of soybean oil in different industries.
Reasons why Soybean Oil Is In Demand
Growing environmental concern and health awareness alongside a global increase in disposable income are few of the key market drivers for soybean oil globally.
- Increase in global demand for protein:
The soybean market is driven by a combination of a perpetual expansion in the global demand for protein as well … Read More . . .