Food and Beverages Research Reports Soybean Oil Market Price, Trends 2017-2022 | Page 2

REPORT DESCRIPTION Global Soybean Oil Market Reached a Volume of 47.1 Million Tons in 2016 Soybean oil currently represents the second most important vegetable oil in the world accounting for nearly one-fifth of the global consumption of edible oils. A well balanced oil with low saturated and high polyunsaturated fats, soybean oil is a good source of phytosterols, vitamin E and omega-3 and omega-6 fatty acids. Besides being highly nutritious, it also offers innumerable health perks. It lowers cholesterol levels, improves heart health, boosts immunity, prevents osteoporosis and reduces cognitive disorders. According to a new report by Expert Market Research, the global soybean oil market reached a production volume of 47.1 Million Tons in 2016. The market is presently gaining impetus due to a number of factors such as rising global population, growing health consciousness among the consumers and growing food industry. Low cost, easy availability and eco-friendly nature of soybean oil has further facilitated its use in various sectors such as food, industrial and feed. Key findings from the report: • Major end-use sectors of soybean oil are the food, industrial and feed sectors.