Product Code: IRTNTR31319
About this market
Globally, soybean oil is gaining popularity owing to its nutritional benefits and its use as an alternative to cooking oil. As a result, vendors offering soybean oil are expanding their soybean production capacities. Soybean acreage expansion by vendors can increase the production of soybean and soybean oil and drive the global soybean oil market during the forecast period. Government agencies in many key soybean oil producing countries are undertaking initiatives to increase soybean acreage. The expansion of acreage can be attributed to the increasing exports and consumption of soybean products, including soybean oil. Government initiatives to expand soybean acreage, therefore, can increase the production of soybean and improve soybean oil production during the forecast period. Technavio's analysts have predicted that the soybean oil market will register a CAGR of about 4% by 2023.
Market Overview
Product launches
The increasing number of product launches can have a positive impact on the global soybean oil market during the forecast period. Product launches help vendors improve the sales of soybean oil and increase the market share. Vendors operating in this market attract consumers by introducing new types of soybean oils. Companies are introducing new soybean oils, which is used in applications such as cooking, salad dressing, and sauces. Vendors are also launching new organic soybean oil for product differentiation.
Unfavorable climatic changes adversely affecting soybean production
Climate is a major factor that affects soybean production. Unfavorable climatic conditions can lead to serving monetary losses to sectors such as the soybean sector. Extreme climatic changes can considerably reduce soybean production. One such condition is drought which is caused by the increase in atmospheric temperature, which is expected to impact the soybean yield during the forecast period.
For the detailed list of factors that will drive and challenge the growth of the soybean oil market during 2019-2023, view our report.
Competitive Landscape
The market appears to be moderately fragmented. The presence of several companies, including Archer Daniels Midland Co. and Bunge Ltd., makes the competitive environment quite intense. Factors such as increasing preference for healthy food ingredients and product launches will provide significant growth opportunities to soybean oil manufacturers. Cargill Inc., DowDuPont Inc., and Louis Dreyfus Co. BV. are some of the major companies covered in this report.
TABLE OF CONTENTS
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
- 2.1 Preface
- 2.2 Preface
- 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
- Market segmentation by product
- Comparison by product
- Conventional soybean oil - Market size and forecast 2018-2023
- Organic soybean oil - Market size and forecast 2018-2023
- Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Increasing exports of soybean oil
- Expansion of soybean processing plants
- Growing popularity of high oleic soybean oil
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Archer Daniels Midland Co.
- Bunge Ltd.
- Cargill Inc.
- DowDuPont Inc.
- Louis Dreyfus Co. BV
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of vendor positioning
PART 15: EXPLORE TECHNAVIO
List of Exhibits
- Exhibit 01: Global packaged food market
- Exhibit 02: Segments of global packaged food market
- Exhibit 03: Market characteristics
- Exhibit 04: Market segments
- Exhibit 05: Market definition - Inclusions and exclusions checklist
- Exhibit 06: Market size 2018
- Exhibit 07: Global market: Size and forecast 2018-2023 ($ billions)
- Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
- Exhibit 09: Five forces analysis 2018
- Exhibit 10: Five forces analysis 2023
- Exhibit 11: Bargaining power of buyers
- Exhibit 12: Bargaining power of suppliers
- Exhibit 13: Threat of new entrants
- Exhibit 14: Threat of substitutes
- Exhibit 15: Threat of rivalry
- Exhibit 16: Market condition - Five forces 2018
- Exhibit 17: Product - Market share 2018-2023 (%)
- Exhibit 18: Comparison by product
- Exhibit 19: Conventional soybean oil - Market size and forecast 2018-2023 ($ billions)
- Exhibit 20: Conventional soybean oil - Year-over-year growth 2019-2023 (%)
- Exhibit 21: Organic soybean oil - Market size and forecast 2018-2023 ($ billions)
- Exhibit 22: Organic soybean oil - Year-over-year growth 2019-2023 (%)
- Exhibit 23: Market opportunity by product
- Exhibit 24: Customer landscape
- Exhibit 25: Market share by geography 2018-2023 (%)
- Exhibit 26: Geographic comparison
- Exhibit 27: APAC - Market size and forecast 2018-2023 ($ billions)
- Exhibit 28: APAC - Year-over-year growth 2019-2023 (%)
- Exhibit 29: North America - Market size and forecast 2018-2023 ($ billions)
- Exhibit 30: North America - Year-over-year growth 2019-2023 (%)
- Exhibit 31: South America - Market size and forecast 2018-2023 ($ billions)
- Exhibit 32: South America - Year-over-year growth 2019-2023 (%)
- Exhibit 33: MEA - Market size and forecast 2018-2023 ($ billions)
- Exhibit 34: MEA - Year-over-year growth 2019-2023 (%)
- Exhibit 35: Europe - Market size and forecast 2018-2023 ($ billions)
- Exhibit 36: Europe - Year-over-year growth 2019-2023 (%)
- Exhibit 37: Key leading countries
- Exhibit 38: Market opportunity
- Exhibit 39: Impact of drivers and challenges
- Exhibit 40: Vendor landscape
- Exhibit 41: Landscape disruption
- Exhibit 42: Vendors covered
- Exhibit 43: Vendor classification
- Exhibit 44: Market positioning of vendors
- Exhibit 45: Archer Daniels Midland Co. - Vendor overview
- Exhibit 46: Archer Daniels Midland Co. - Business segments
- Exhibit 47: Archer Daniels Midland Co. - Organizational developments
- Exhibit 48: Archer Daniels Midland Co. - Geographic focus
- Exhibit 49: Archer Daniels Midland Co. - Segment focus
- Exhibit 50: Archer Daniels Midland Co. - Key offerings
- Exhibit 51: Bunge Ltd. - Vendor overview
- Exhibit 52: Bunge Ltd. - Business segments
- Exhibit 53: Bunge Ltd. - Organizational developments
- Exhibit 54: Bunge Ltd. - Geographic focus
- Exhibit 55: Bunge Ltd. - Segment focus
- Exhibit 56: Bunge Ltd. - Key offerings
- Exhibit 57: Cargill Inc. - Vendor overview
- Exhibit 58: Cargill Inc. - Business segments
- Exhibit 59: Cargill Inc. - Organizational developments
- Exhibit 60: Cargill Inc. - Geographic focus
- Exhibit 61: Cargill Inc. - Key offerings
- Exhibit 62: DowDuPont Inc. - Vendor overview
- Exhibit 63: DowDuPont Inc. - Business segments
- Exhibit 64: DowDuPont Inc. - Organizational developments
- Exhibit 65: DowDuPont Inc. - Geographic focus
- Exhibit 66: DowDuPont Inc. - Segment focus
- Exhibit 67: DowDuPont Inc. - Key offerings
- Exhibit 68: Louis Dreyfus Co. BV - Vendor overview
- Exhibit 69: Louis Dreyfus Co. BV - Business segments
- Exhibit 70: Louis Dreyfus Co. BV - Organizational developments
- Exhibit 71: Louis Dreyfus Co. BV - Geographic focus
- Exhibit 72: Louis Dreyfus Co. BV - Segment focus
- Exhibit 73: Louis Dreyfus Co. BV - Key offerings
- Exhibit 74: Validation techniques employed for market sizing
- Exhibit 75: Definition of vendor positioning