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The North America soybean oil market reached a volume of 13.8 Million Tons in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.7% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Soybean oil is a type of vegetable oil extracted from the seeds of the soybean. It acts as a good source of essential nutrients such as proteins, vitamins, plant sterols and fatty acids. Owing to this, soybean oil helps in preventing osteoporosis, boosting eye and skin health, improving immunity, reducing the threat of cognitive disorders and lowering cholesterol levels. As a result, it finds application in the processing of various food products.
North America soybean oil market is currently being driven by several factors. The booming food industry has significantly contributed to the increasing demand for soybean oil in the region. It is used in the preparation of sauces, dressings, margarine, shortening, mayonnaise, potato chips, non-dairy creamers and whipped toppings. Moreover, soybean oil helps in fighting against health conditions such as obesity, high cholesterol and cardiovascular diseases. Thus, the rising health consciousness among the consumers has also impelled the market growth in the region. Apart from this, soybean oil also has several non-food applications as it is utilized for manufacturing animal feed, resins, caulks, mastics, plastics, biodiesel, insecticides, etc. Furthermore, soybean oil represents a sustainable replacement for petrochemicals in various industries.
IMARC Group provides an analysis of the key trends in each sub-segment of the North America soybean oil market, along with forecasts at the regional and country level from 2021-2026. Our report has categorized the market based on end-use.
IMARC Group’s latest report provides a deep insight into the North America soybean oil market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the North America soybean oil market in any manner.
|Base Year of the Analysis||2020|
|Segment Coverage||End-Use, Country|
|Countries Covered||United States, Canada, Mexico|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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