According to the latest report by IMARC Group “North America Soybean Oil Market Size: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025“, The North America soybean oil market reached a volume of 12.7 Million Tons in 2019.

Soybean oil is extracted from soybean seeds and is an excellent source of sterols, proteins, vitamins, omega-3 fatty acids, etc. Owing to this, soybean oil helps in strengthening bones, preventing cardiac diseases, improving eye and skin health, boosting immunity, lowering cholesterol levels, aiding cognitive functions, etc. As a result, it finds diverse applications in the production of margarine, shortening, mayonnaise, animal feed, caulks, mastics, resins, biofertilizers, insecticides, biodiesel, etc.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

In North America, the expanding food industry is primarily driving the demand for soybean oil. Moreover, the increasing consumer awareness towards numerous benefits of soybean oil in reducing the risk of blood cholesterol levels, obesity, heart diseases, etc., is also propelling the market growth. Additionally, the rising sales of soybean oil across diverse distribution channels, such as hypermarkets, supermarkets, convenience stores, online retail stores, etc., are further catalyzing the product demand. In the coming years, the emergence of naturally sourced and organic product variants will continue to drive the global demand for soybean oil in North America.

Report Scope:

• North America Soybean Oil Market
• Key Regions Analysed
  • United States
  • Canada
  • Mexico
• Analysis for Each Country
• Market by End-Use
  • Food
  • Industrial
  • Feed
  • Others
• Value Chain Analysis
• Key Drivers and Challenges
• Porters Five Forces Analysis
• PESTEL Analysis
• Government Regulations
• Competitive Landscape
  • Competitive Structure
  • Key Player Profiles

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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