Market Overview:
The global soy oil and palm oil market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for vegetable oils from various end-use industries, such as food, feedstuff, personal care and cosmetics, biofuel, pharmaceuticals and others. Soy oil is a preferred choice for edible applications owing to its high nutritional value and health benefits over other vegetable oils. Palm oil is also used in various end-use industries owing to its properties such as stability under heat treatment and long shelf life. These factors are expected to drive the demand for soy oil and palm oil during the forecast period.
Product Definition:
Soy oil is a vegetable oil extracted from soybeans. Palm oil is a vegetable oil extracted from the fruit of the palm tree. Soybean and palm oils are both edible oils, but they have different culinary uses. Soybean oil has a mild flavor and is used for cooking, while palm oil has a strong flavor and is used for frying or in products such as margarine or soap.
Palm Oil:
Palm oil is extracted from the fruit pulp of various palm trees, which grow naturally in tropical and subtropical regions. The fruit pulp after extraction is used for various applications such as food products, biofuels production, animal feed and lubricants. It has a high demand in the cosmetics industry owing to its ability to provide moisture and fatty acid content required for skin care products.
Soy Oil:
Soy oil is extracted from soybeans. It has become one of the most popular vegetable oils in the world on account of its numerous health benefits. Soy oil contains phytosterols which prevent cholesterol absorption and thus reduce the risk of heart disease, this makes it a great alternative for people who are trying to avoid cholesterol intake.
It also helps in reducing menopausal symptoms, hot flashes after giving birth and osteoporosis among other conditions.
Application Insights:
The food application segment accounted for the largest market share of over 50% in 2017. The product is widely used as a cooking medium and as an ingredient in the manufacturing of bakery, confectionery, dairy products and processed foods. Growing awareness regarding health benefits associated with soybean oil has resulted in increased consumption of this oil as an ingredient in functional foods and nutraceuticals.
Soybean contains elements like tocopherols & tocotrienols that are beneficial for human health which may lead to higher demand from pharmaceutical industry over the forecast period. However, high prices coupled with low production volumes may hinder market growth during the study period.
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. Rapid industrialization coupled with increasing per capita income in these countries has resulted in a growing demand for various consumer goods such as food products and personal care cosmetics. This trend is projected to have a positive impact on industry growth over the next eight years.
Europe accounted for approximately 20% of total market share owing to high demand from biofuel application sector across Germany, U.K., Spain and France coupled with strong presence of palm oil cultivation regions like Canary Islands (Spain), Coronado (Mexico) and Iberia (Portugal).
Growth Factors:
- Increasing demand for vegetable oils in the food and beverage industry as a replacement for unhealthy fats is expected to drive the growth of soy oil and palm oil market.
- Rising awareness about the health benefits of consuming healthy oils is projected to boost the demand for soy oil and palm oil over the forecast period.
- Growing population coupled with rising disposable income is anticipated to propel the growth of soy oil and palm oil market during the forecast period.
- Rapid urbanization, especially in developing countries, is likely to create lucrative opportunities for soybean and palm kernel growers in near future. 5) Technological advancements that have led to development of new extraction techniques are estimated to fuel demand for soybean and palm kernel oils over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Soy Oil & Palm Oil Market Research Report
By Type
Palm Oil, Soy Oil
By Application
Food, Feedstuff, Personal Care and Cosmetics, Biofuel, Pharmaceutical, Others
By Companies
Cargill, T Astra Agro Lestari Tbk, Wilmar International, Malaysian Palm Oil Council (MPOC), Carotino, Yee Lee Corporation, IOI Corporation Berhad, Archer Daniels Midland, Bunge, Cargill
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
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Soy Oil & Palm Oil Market Report Segments:
The global Soy Oil & Palm Oil market is segmented on the basis of:
Types
Palm Oil, Soy Oil
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
Food, Feedstuff, Personal Care and Cosmetics, Biofuel, Pharmaceutical, Others
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:
- Cargill
- T Astra Agro Lestari Tbk
- Wilmar International
- Malaysian Palm Oil Council (MPOC)
- Carotino
- Yee Lee Corporation
- IOI Corporation Berhad
- Archer Daniels Midland
- Bunge
- Cargill
Highlights of The Soy Oil & Palm 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:
- Palm Oil
- Soy Oil
- By Application:
- Food
- Feedstuff
- Personal Care and Cosmetics
- Biofuel
- Pharmaceutical
- Others
- 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 Soy Oil & Palm 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Soy oil and palm oil are two types of vegetable oils. Soy oil is made from soybeans, while palm oil is made from the kernel of a fruit called the Palm.
Some of the key players operating in the soy oil & palm oil market are Cargill, T Astra Agro Lestari Tbk, Wilmar International, Malaysian Palm Oil Council (MPOC), Carotino, Yee Lee Corporation, IOI Corporation Berhad, Archer Daniels Midland, Bunge, Cargill.
The soy oil & palm 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 Soy Oil & Palm 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 Soy Oil & Palm Oil Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Soy Oil & Palm 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 Soy Oil & Palm 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 Soy Oil & Palm Oil Market Size & Forecast, 2018-2028 4.5.1 Soy Oil & Palm Oil Market Size and Y-o-Y Growth 4.5.2 Soy Oil & Palm Oil Market Absolute $ Opportunity
Chapter 5 Global Soy Oil & Palm 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 Soy Oil & Palm Oil Market Size Forecast by Type
5.2.1 Palm Oil
5.2.2 Soy Oil
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Soy Oil & Palm 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 Soy Oil & Palm Oil Market Size Forecast by Applications
6.2.1 Food
6.2.2 Feedstuff
6.2.3 Personal Care and Cosmetics
6.2.4 Biofuel
6.2.5 Pharmaceutical
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Soy Oil & Palm 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 Soy Oil & Palm 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 Soy Oil & Palm Oil Analysis and Forecast
9.1 Introduction
9.2 North America Soy Oil & Palm 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 Soy Oil & Palm Oil Market Size Forecast by Type
9.6.1 Palm Oil
9.6.2 Soy Oil
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 Soy Oil & Palm Oil Market Size Forecast by Applications
9.10.1 Food
9.10.2 Feedstuff
9.10.3 Personal Care and Cosmetics
9.10.4 Biofuel
9.10.5 Pharmaceutical
9.10.6 Others
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 Soy Oil & Palm Oil Analysis and Forecast
10.1 Introduction
10.2 Europe Soy Oil & Palm 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 Soy Oil & Palm Oil Market Size Forecast by Type
10.6.1 Palm Oil
10.6.2 Soy Oil
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 Soy Oil & Palm Oil Market Size Forecast by Applications
10.10.1 Food
10.10.2 Feedstuff
10.10.3 Personal Care and Cosmetics
10.10.4 Biofuel
10.10.5 Pharmaceutical
10.10.6 Others
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 Soy Oil & Palm Oil Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Soy Oil & Palm 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 Soy Oil & Palm Oil Market Size Forecast by Type
11.6.1 Palm Oil
11.6.2 Soy Oil
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 Soy Oil & Palm Oil Market Size Forecast by Applications
11.10.1 Food
11.10.2 Feedstuff
11.10.3 Personal Care and Cosmetics
11.10.4 Biofuel
11.10.5 Pharmaceutical
11.10.6 Others
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 Soy Oil & Palm Oil Analysis and Forecast
12.1 Introduction
12.2 Latin America Soy Oil & Palm 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 Soy Oil & Palm Oil Market Size Forecast by Type
12.6.1 Palm Oil
12.6.2 Soy Oil
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 Soy Oil & Palm Oil Market Size Forecast by Applications
12.10.1 Food
12.10.2 Feedstuff
12.10.3 Personal Care and Cosmetics
12.10.4 Biofuel
12.10.5 Pharmaceutical
12.10.6 Others
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) Soy Oil & Palm Oil Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Soy Oil & Palm 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) Soy Oil & Palm Oil Market Size Forecast by Type
13.6.1 Palm Oil
13.6.2 Soy Oil
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) Soy Oil & Palm Oil Market Size Forecast by Applications
13.10.1 Food
13.10.2 Feedstuff
13.10.3 Personal Care and Cosmetics
13.10.4 Biofuel
13.10.5 Pharmaceutical
13.10.6 Others
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 Soy Oil & Palm Oil Market: Competitive Dashboard
14.2 Global Soy Oil & Palm Oil Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cargill
14.3.2 T Astra Agro Lestari Tbk
14.3.3 Wilmar International
14.3.4 Malaysian Palm Oil Council (MPOC)
14.3.5 Carotino
14.3.6 Yee Lee Corporation
14.3.7 IOI Corporation Berhad
14.3.8 Archer Daniels Midland
14.3.9 Bunge
14.3.10 Cargill