The United States soybean oil market is projected to exhibit a growth rate (CAGR) of 1.2% during 2023-2028. The increasing awareness among individuals about using organically growing products, rising adoption of vegan and vegetarian diets, and the easy availability of soybean-based products across online distribution channels at affordable prices represent some of the key factors driving the market.
Soybean oil, derived from soybeans Glycine max, is a widely used vegetable oil known for its versatility and numerous applications. It has a mild taste that makes it an ideal base for various dishes and allows the flavors of other ingredients to shine. It is packed with omega-3 and omega-6 fatty acids, which help lower bad cholesterol levels and reduce the risk of heart disease. It contains polyunsaturated and monounsaturated fats that are considered healthier options as compared to saturated fats. It is enriched with antioxidants that can extend the shelf life of food products by preventing oxidative rancidity and maintaining their freshness. It also contains lecithin, which helps blend oil and water and is used in salad dressings, sauces, and baked goods. Its stability at high temperatures aids in retaining the nutritional value and taste of the prepared dishes. It finds numerous applications in the food and beverage (F&B) industry on account of its neutral flavor, high smoke point, and nutritional composition. Besides this, it is used in non-food products like biodiesel, ink, plastics, and personal care items due to its chemical properties.
United States Soybean Oil Market Trends:
High-income levels of people and an increasing usage of healthy cooking oil, which is fortified with essential nutrients, represent one of the major factors driving the demand for soybean oil across the United States. Moreover, the surging prevalence of lifestyle diseases in the country due to unhealthy dietary patterns and lack of physical activities is favoring the growth of the market. In addition, the growing awareness among individuals about the health benefits offered by soybean oil is influencing the market positively. Apart from this, the increasing adoption of vegan and vegetarian diets and rising preferences for healthy and clean eating are strengthening the growth of the market in the United States. Furthermore, the rising participation of individuals in fitness activities and increasing consumption of dietary supplements is creating a positive outlook for the market. Moreover, the growing focus on transparent labeling and ingredient sourcing is encouraging people to choose products that are infused with natural and wholesome ingredients. Besides this, the easy availability of soybean-based products across online distribution channels at affordable prices is supporting the market growth. In addition, ongoing research and development (R&D) activities in soybean oil extraction, processing techniques, and product formulation are leading to the development of higher quality and healthier variants, which is attracting a wider consumer base. Furthermore, the increasing utilization of soybean oil in formulating cosmetics and personal care products such as lotions, creams, soaps, and shampoos are driving its demand across the United States.
United States Soybean Oil Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the United States soybean oil market report, along with forecasts at the country level for 2023-2028. Our report has categorized the market based on end use.
End Use Insights:
The report has provided a detailed breakup and analysis of the market based on the end use. This includes food, feed, and industrial.
The report has also provided a comprehensive analysis of all the major regional markets, which include the Northeast, Midwest, South, and West.
The report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
United States Soybean Oil Market Report Coverage:
|Base Year of the Analysis
|Scope of the Report
||Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
|End Uses Covered
||Food, Feed, Industrial
||Northeast, Midwest, South,West
||10% Free Customization
|Report Price and Purchase Option
||Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
|Post-Sale Analyst Support
||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report:
- How has the United States soybean oil market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the United States soybean oil market?
- What is the breakup of the United States soybean oil market on the basis of end use?
- What are the various stages in the value chain of the United States soybean oil market?
- What are the key driving factors and challenges in the United States soybean oil market?
- What is the structure of the United States soybean oil market and who are the key players?
- What is the degree of competition in the United States soybean oil market?
Key Benefits for Stakeholders:
- IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United States soybean oil market from 2017-2028.
- The research study provides the latest information on the market drivers, challenges, and opportunities in the United States soybean oil market.
- Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States soybean oil industry and its attractiveness.
- Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.