Soybean Oil Market following a CAGR of 5% to reach US$ 33 Bn by the end of 2031

Posted on 2022-11-24 by Fact.MR in Internet & Online // 0 Comments

Rockville, US, 2022-Nov-24 — /EPR Network/ —

A latest intelligence report published by Fact.MR estimates that the global soybean oil market revenues will maintain a positive growth rate between 2021 and 2031, following a CAGR of 5% to reach US$ 33 Bn by the end of the forecast period. Prospects appear highly lucrative in the short-run, with an anticipated valuation of over US$ 21 Bn in 2022.

From 2016 to 2020, the market experienced moderate yet positive growth, expanding at under 5% CAGR to reach US$ 20 Bn. Production crunches attributed to the imposition of mandatory lockdowns in the initial half of 2020 amid COVID-19 temporarily stalled growth prospects.

In recent years, global soybean production has increased incessantly, attributed to its increasing application in the food & beverage industry. Demand is acquiring traction, owing to the presence of omega-3 fatty acids and polyunsaturated fats. According to the U.S Department of Agriculture, global production volume is anticipated to reach 385.524 million metric tons in FY 2021-22.

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Soybean Oil Market – Scope of Report:

A latest publication by Fact.MR on the global Soybean Oil market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.

The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.

The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2022-2032.

Important indicators for the successful growth of the Soybean Oil market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.

This research study can support readers to know the demand for Soybean Oil supplements, and the quantitative development opportunities during the study period.

The research is beneficial for shareholders in Soybean Oil, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.

Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.

In-depth Analysis on Competitive Landscape:

The report sheds light on leading manufacturers of Soybean Oil, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in the production of Soybean Oil has been brought with the help of a detailed dashboard view.

Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

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