The global soybean oil market reached a value of 58.5 Million Tons in 2021. As per the analysis by IMARC Group, the top soybean oil manufacturers are increasingly focusing on research and development (R&D) activities to develop sustainable soybean oil that can effectively replace petrochemicals and known carcinogens in various industrial applications. Besides this, manufacturers are also processing, refining, and marketing a wide range of indigenous and imported edible vegetable oils, fats, and flour catering to the household consumers as well as food industries. Moreover, the introduction of fortified product variants using advanced technologies is significantly influencing the market growth. On account of these factors, the market value is expected to reach 67.1 Million Tons by 2027, exhibiting a CAGR of 2.17% during the forecast period (2022-2027).
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Top Soybean Oil Manufacturing Companies Worldwide:
Archer Daniels Midland Company (ADM)
Headquarter: Minnesota, United States
ADM transforms natural products into a complete portfolio of ingredients and flavors for foods and beverages, supplements, nutrition for pets and livestock. The company also aims to unlock the power of nature and enrich the quality of life by transforming natural products into a complete portfolio of ingredients and flavors. The soybean oils from ADM are versatile and nutritious as well as paves the way for delicious products with consumer appeal. They contain in-demand essential fatty acid, which is considered heart-healthy and functional for a wide variety of applications such as baked goods, snack foods, dressing and sauces, frying, and food service.
Headquarter: Missouri, United States
Bunge Limited has been one of the world’s largest processors of oilseeds, such as soybean, for over 100 years. The company produces animal feed, makes cooking oils, margarine, shortening and plant-based proteins, and in the biodiesel industry. Bunge Loders Croklaan is a leading global producer and supplier of sustainable plant-based specialty oils and fats for the food manufacturing industry. As the world’s leader in oilseed processing and a leading producer and supplier of specialty plant-based oils and fats, the company values partnerships with farmers to improve the productivity and environmental efficiency of agriculture across various value chains to bring quality products from where they are grown to where they are consumed.
Headquarter: Iowa, United States
Cargill Incorporated provides food, agriculture, financial and industrial products, and services across the globe. It has the broadest portfolio of oils and fats with its global sourcing capabilities and in-depth control of the supply chain that allows to source high-quality raw materials tailored to the specification of the customers. The company also uses identity-preserved (IdP), conventionally-bread (non-GM) soybeans to obtain the oil. Moreover, the soybean oil is made through the modern and rigorous manufacturing process, has no cholesterol, and provides a neutral taste that does not interfere with food flavors.
Louis Dreyfus Company B.V.
Headquarter: Rotterdam, Netherlands
Louis Dreyfus Company B.V. is a leading merchant and processor of agricultural goods. The processed soybean oil produced by Louis Dreyfus is available in both liquid and partially hydrogenated variants. It is a vital ingredient in various cooking oils, salad dressings, and processed food products. The company also focuses on growing product portfolio, strong merchandising capabilities, and sustainability efforts to encourage responsible land use and non-conversion of native vegetation for soy and palm cultivation.
Wilmar International Limited
Headquarter: Malaysia, Singapore
The company is renowned for their high-quality products and have won multiple awards and recognitions in their respective markets. Its diverse global portfolio of consumer products includes edible oils, rice, wheat flour, noodles, sauces, condiments, margarine, sugar, chocolates, and plant-based protein. Moreover, Wilmar International is the largest producer of consumer pack edible oil such as soybean oil, with leading positions in China, Indonesia, Vietnam, Sri Lanka, and some African countries.
About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the global soybean oil industry and regional North America, India, which has enabled clients to set up and expand their businesses successfully. Some of the company’s offerings include:
- Market Research
- Plant setup
- Plant Expansion
- Marketing and sales
- Procurement and Distribution
- Innovation and Product Development