Market Overview:
The global hydrogenated soybean oil market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for hydrogenated soybean oil in food and cosmetic applications. Hydrogenated soybean oil is a healthier alternative to partially hydrogenated oils (PHOs) and fully hydrogenated oils (FHOs), which are high in trans fats. Thus, the growing awareness about the health benefits of consuming healthy foods is driving the demand for hydrogenated soybean oil globally. In terms of type, the global market for hydrogenated soybean oil has been segmented into partially hydrogenated oils (PHOs) and fully hydrated oils (FHOs). PHOs are more popular than FHOs due to their lower cost and longer shelf life. However, FHOs are gaining popularity due to their health benefits over PHOs. In terms of application, food applications account for a major share of the global market for hydrogenated soybean oil followed by cosmetic applications.
Product Definition:
Hydrogenated soybean oil is a vegetable oil that has been hydrogenated to make it more solid. It is used in many foods as a stabilizer or thickener, and also in some cosmetics.
Partially Hydrogenated Oils (PHOs):
Partially hydrogenated oils (PHOs) are vegetable oils that have been processed to increase the proportion of their saturated fatty acids. They are used as a source of fat in various food products such as bakery, confectionery & dairy items, and frying fats. The product is also being touted as a healthy alternative for trans-fat which has led to an increase in its consumption across the globe.
Fully Hydrogenated Oils (FHOs):
Fully hydrogenated oils (FHOs) are vegetable oils that have been through a process called hydrogenation, which involves adding pure water for transforming into a solid. The fully hydrogenated oil is used as an alternative to margarine and butter owing to its low-calorie content. Fully Hydrogenated Oils (FHOs) contain unsaturated fatty acids, which tend to be prone towards oxidation and thus need to be kept away from heat & light.
Application Insights:
The other application segment held the largest market share of over 50% in 2017. The Other application includes personal care, pharmaceuticals and industrial applications such as plastics and paints. Hydrogenated soya oil is used for manufacturing various cosmetic products such as moisturizers, body lotions, face creams and shampoos which are sold directly to consumers through e-commerce platforms or local stores.
Hydrogenated soybean oil has high smoke point which makes it suitable for deep fat frying in restaurants and fast food joints. It is also used to cook foods that require a high temperature treatment including roast chicken skin side down underdone bacon crispy pancakes French fries etcetera.
Regional Analysis:
Asia Pacific accounted for the largest share of over 45% in 2017. The region is expected to witness significant growth on account of increasing awareness regarding HSOs benefits coupled with growing demand from the food and cosmetic industries. China, India, Japan, South Korea and Taiwan are some of the major consumers in this region.
North America is projected to be one of the fastest-growing regional markets owing to high consumption levels coupled with rising consumer awareness about hydrogenated oils benefits such as improved skin texture and reduced hair fall.
Growth Factors:
- Increasing demand for convenience foods: The growing trend of busy lifestyles has led to an increase in the demand for convenience foods. Hydrogenated soybean oil is a versatile ingredient that can be used in a variety of food formulations, making it an ideal choice for manufacturers looking to create convenient and healthy products.
- Rising awareness about the health benefits of hydrogenated soybean oil: There is a growing awareness among consumers about the health benefits of hydrogenated soybean oil, which is driving its demand. Some of the key benefits include improved heart health, reduced inflammation, and better blood sugar control.
- Growing popularity of plant-based diets: The popularity of plant-based diets is increasing around the world, and this is benefiting hydrogenated soybean oil market as well. Hydrogenated soybean oil can be used as a vegan source of saturated fat, making it an attractive option for people who follow plant-based diets.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hydrogenated Soybean Oil Market Research Report
By Type
Partially Hydrogenated Oils (PHOs), Fully Hydrogenated Oils (FHOs)
By Application
Cosmetic, Food, Other
By Companies
Vantage Specialty Ingredients, Koster Keunen, Abitec Corporation, Cargill, BioOrganic Concepts, Pioma Chemicals, Hallstar, ADM-SIO, Anmol Chemicals Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Hydrogenated Soybean Oil Market Report Segments:
The global Hydrogenated Soybean Oil market is segmented on the basis of:
Types
Partially Hydrogenated Oils (PHOs), Fully Hydrogenated Oils (FHOs)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cosmetic, Food, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Vantage Specialty Ingredients
- Koster Keunen
- Abitec Corporation
- Cargill
- BioOrganic Concepts
- Pioma Chemicals
- Hallstar
- ADM-SIO
- Anmol Chemicals Group
Highlights of The Hydrogenated Soybean Oil Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Partially Hydrogenated Oils (PHOs)
- Fully Hydrogenated Oils (FHOs)
- By Application:
- Cosmetic
- Food
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hydrogenated Soybean Oil Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hydrogenated soybean oil is a type of vegetable oil that has been treated with hydrogen gas to make it more resistant to heat and oxidative damage.
Some of the key players operating in the hydrogenated soybean oil market are Vantage Specialty Ingredients, Koster Keunen, Abitec Corporation, Cargill, BioOrganic Concepts, Pioma Chemicals, Hallstar, ADM-SIO, Anmol Chemicals Group.
The hydrogenated soybean oil market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hydrogenated Soybean Oil Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Hydrogenated Soybean Oil Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Hydrogenated Soybean Oil Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Hydrogenated Soybean Oil Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Hydrogenated Soybean Oil Market Size & Forecast, 2018-2028 4.5.1 Hydrogenated Soybean Oil Market Size and Y-o-Y Growth 4.5.2 Hydrogenated Soybean Oil Market Absolute $ Opportunity
Chapter 5 Global Hydrogenated Soybean Oil Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hydrogenated Soybean Oil Market Size Forecast by Type
5.2.1 Partially Hydrogenated Oils (PHOs)
5.2.2 Fully Hydrogenated Oils (FHOs)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hydrogenated Soybean Oil Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hydrogenated Soybean Oil Market Size Forecast by Applications
6.2.1 Cosmetic
6.2.2 Food
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hydrogenated Soybean Oil Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hydrogenated Soybean Oil Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hydrogenated Soybean Oil Analysis and Forecast
9.1 Introduction
9.2 North America Hydrogenated Soybean Oil Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hydrogenated Soybean Oil Market Size Forecast by Type
9.6.1 Partially Hydrogenated Oils (PHOs)
9.6.2 Fully Hydrogenated Oils (FHOs)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hydrogenated Soybean Oil Market Size Forecast by Applications
9.10.1 Cosmetic
9.10.2 Food
9.10.3 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hydrogenated Soybean Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Hydrogenated Soybean Oil Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hydrogenated Soybean Oil Market Size Forecast by Type
10.6.1 Partially Hydrogenated Oils (PHOs)
10.6.2 Fully Hydrogenated Oils (FHOs)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hydrogenated Soybean Oil Market Size Forecast by Applications
10.10.1 Cosmetic
10.10.2 Food
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hydrogenated Soybean Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hydrogenated Soybean Oil Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hydrogenated Soybean Oil Market Size Forecast by Type
11.6.1 Partially Hydrogenated Oils (PHOs)
11.6.2 Fully Hydrogenated Oils (FHOs)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hydrogenated Soybean Oil Market Size Forecast by Applications
11.10.1 Cosmetic
11.10.2 Food
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hydrogenated Soybean Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Hydrogenated Soybean Oil Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hydrogenated Soybean Oil Market Size Forecast by Type
12.6.1 Partially Hydrogenated Oils (PHOs)
12.6.2 Fully Hydrogenated Oils (FHOs)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hydrogenated Soybean Oil Market Size Forecast by Applications
12.10.1 Cosmetic
12.10.2 Food
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hydrogenated Soybean Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hydrogenated Soybean Oil Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hydrogenated Soybean Oil Market Size Forecast by Type
13.6.1 Partially Hydrogenated Oils (PHOs)
13.6.2 Fully Hydrogenated Oils (FHOs)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hydrogenated Soybean Oil Market Size Forecast by Applications
13.10.1 Cosmetic
13.10.2 Food
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hydrogenated Soybean Oil Market: Competitive Dashboard
14.2 Global Hydrogenated Soybean Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Vantage Specialty Ingredients
14.3.2 Koster Keunen
14.3.3 Abitec Corporation
14.3.4 Cargill
14.3.5 BioOrganic Concepts
14.3.6 Pioma Chemicals
14.3.7 Hallstar
14.3.8 ADM-SIO
14.3.9 Anmol Chemicals Group