Food and Beverages Research Reports Soybean Oil Market Price, Trends 2017-2022 | Page 4

REPORT DESCRIPTION
• Considered as one of the healthiest cooking oils, the majority of the soybean oil is used by the
food sector for cooking and as a condiment in salads. In the industrial sector, it is used in the
production of adhesives, insecticides, candles, waxes, printing inks, coatings, lubricants,
pharmaceutical products, hydraulic fluids, plastics and speciality products. In the feed sector,
soybean oil adds to the energy density of the feed and improves feed utilisation efficiency.
• Country-wise, China represented both the largest producer and consumer of soybean oil. Other
major markets include the United States, Brazil, Argentina, EU -27, India, Mexico and others.
• The global soybean oil market is surrounded by a number of global and national players. The global
players use their influence of large-scale production, trading and marketing to their advantage.
Some of the key players operating in the market include Bunge, ADM Cargill, Ag Processing Inc.,
CHS, etc.
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