Market Overview:
The global injection grade 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 human pharmaceutical and veterinary health applications, and rising awareness about the benefits of soybean oil among consumers. In terms of type, the extraction segment is expected to lead the global injection grade soybean oil market during the forecast period, owing to its superior quality and purity as compared to other types of soybean oils. In terms of region, North America is projected to lead the global injection grade soybean oil market in terms of revenue during 2018-2030.
Product Definition:
Injection grade soybean oil is a high-quality vegetable oil that is used to make biodiesel. It is made from pure, cold-pressed soybeans and has a low viscosity that allows it to be injected into the fuel tank of a diesel engine. Biodiesel made from injection grade soybean oil can be used in any diesel engine without modification.
Extraction:
Extraction is a process to obtain oil from soybean seeds. It involves two steps, namely defatting and dehulling followed by oil separation. The defatted and hulled soybeans are then ground into a meal-like form which is known as “green meal” or “soy flour”.
Squeeze:
Soybean oil is processed from soybeans through crushing and extraction processes. The extracted product is then refined, bleached, deodorized (to remove impurities), and colorized to produce final products for human consumption. Soybean oil has become an important source of polyunsaturated fatty acids (PUFAs).
Application Insights:
The global injection grade soybean oil market is segmented by application into human pharmaceutical and veterinary health. The human pharmaceutical segment dominated the overall market in 2017, accounting for over 60% of the total revenue share. Growing awareness among people regarding their health and wellness has led to a significant increase in the consumption of nutritional supplements, which has subsequently driven demand for ISSOO in recent years.
ISSOO is used as an active ingredient in manufacturing nutritional supplements that are consumed by people to maintain their diet plans along with regular exercise and a healthy lifestyle. These factors have contributed significantly towards increasing product demand from within the human pharmaceutical sector over the past few years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Malaysia. These countries are among the largest producers of soybean as well as other crops that are used for extraction of IGFBO. Growing population coupled with increasing disposable income levels in these developing nations has resulted in strong demand from end-use industries such as food & beverage and pharmaceuticals over the past few years.
The Asia Pacific was followed by North America which accounted for a revenue share of 22% in 2017 owing to high consumption levels across this region on account of higher animal feed production along with stringent regulations regarding use of bio-based products coupled with growing consumer awareness about health benefits associated with nutritional oils derived from soybean meal rather than crude oilseeds such as rapeseed or palm kernel oil.
Growth Factors:
- Increasing demand for healthy edible oils: There is a growing trend among consumers to opt for healthier cooking oils, and this is benefiting the injection grade soybean oil market. Injection grade soybean oil is considered to be a healthier option as compared to other cooking oils, as it is low in saturated fats and contains high levels of polyunsaturated fats. This makes it a good choice for people who are looking to improve their overall health by reducing their intake of unhealthy fats.
- Rising demand from the food processing industry: The food processing industry accounts for a significant share of the global injection grade soybean oil market. This segment uses large quantities of injection grade soybean oil due to its excellent properties such as flavor stability, heat resistance, and oxidative stability. As the global population continues to grow, there will be an increasing demand from this sector for high-quality cooking oils that can meet the stringent requirements of food processors.
- Growing popularity of veganism: The number of people who identify themselves as vegans or vegetarians is growing rapidly all over the world, and this has led to an increase in demand for plant-based foods that do not contain any animal products whatsoever. Injection grade soybean oil fits into this category perfectly and is becoming increasingly popular among vegans due its nutritional benefits and versatile culinary applications .
Scope Of The Report
Report Attributes
Report Details
Report Title
Injection Grade Soybean Oil Market Research Report
By Type
Extraction, Squeeze
By Application
Human Pharmaceutical, Veterinary Health
By Companies
Guangzhou Hanfang Pharmaceutical Co., Ltd, ADM-SIO, Zhejiang Tianyushan Medicinal Oil, Xinxing Pharma, Kamakhya Bottlers, Wuhan Haishan Technology Co., Ltd.
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
191
Number of Tables & Figures
134
Customization Available
Yes, the report can be customized as per your need.
Global Injection Grade Soybean Oil Market Report Segments:
The global Injection Grade Soybean Oil market is segmented on the basis of:
Types
Extraction, Squeeze
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
Human Pharmaceutical, Veterinary Health
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:
- Guangzhou Hanfang Pharmaceutical Co., Ltd
- ADM-SIO
- Zhejiang Tianyushan Medicinal Oil
- Xinxing Pharma
- Kamakhya Bottlers
- Wuhan Haishan Technology Co., Ltd.
Highlights of The Injection Grade 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:
- Extraction
- Squeeze
- By Application:
- Human Pharmaceutical
- Veterinary Health
- 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 Injection Grade 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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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?
Injection grade soybean oil is a type of soybean oil that has been processed to improve its quality. It is typically used in food products that require a high level of purity, such as salad dressings and cooking oils.
Some of the major companies in the injection grade soybean oil market are Guangzhou Hanfang Pharmaceutical Co., Ltd, ADM-SIO, Zhejiang Tianyushan Medicinal Oil, Xinxing Pharma, Kamakhya Bottlers, Wuhan Haishan Technology Co., Ltd..
The injection grade soybean oil market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Injection Grade 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 Injection Grade Soybean Oil Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Injection Grade 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 Injection Grade 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 Injection Grade Soybean Oil Market Size & Forecast, 2020-2028
4.5.1 Injection Grade Soybean Oil Market Size and Y-o-Y Growth
4.5.2 Injection Grade Soybean Oil Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Extraction
5.2.2 Squeeze
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Human Pharmaceutical
6.2.2 Veterinary Health
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Injection Grade 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 Injection Grade 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Extraction
9.6.2 Squeeze
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 Market Size Forecast by Applications
9.10.1 Human Pharmaceutical
9.10.2 Veterinary Health
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Extraction
10.6.2 Squeeze
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 Market Size Forecast by Applications
10.10.1 Human Pharmaceutical
10.10.2 Veterinary Health
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Extraction
11.6.2 Squeeze
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 Market Size Forecast by Applications
11.10.1 Human Pharmaceutical
11.10.2 Veterinary Health
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Extraction
12.6.2 Squeeze
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 Market Size Forecast by Applications
12.10.1 Human Pharmaceutical
12.10.2 Veterinary Health
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Extraction
13.6.2 Squeeze
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) Market Size Forecast by Applications
13.10.1 Human Pharmaceutical
13.10.2 Veterinary Health
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 Injection Grade Soybean Oil Market: Competitive Dashboard
14.2 Global Injection Grade Soybean Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Guangzhou Hanfang Pharmaceutical Co., Ltd
14.3.2 ADM-SIO
14.3.3 Zhejiang Tianyushan Medicinal Oil
14.3.4 Xinxing Pharma
14.3.5 Kamakhya Bottlers
14.3.6 Wuhan Haishan Technology Co., Ltd.
