Soybean Oil Market to Worth 67.6 Million Tons by 2028 | With a Striking 1.9% CAGR - IMARC Group
IMARC Group, a leading market research company, has recently released a report titled “ Soybean Oil Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 .” The study provides a detailed analysis of the industry, including the global soybean oil market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. How Big is the Soybean Oil Market? The global soybean oil market size reached 60.0 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 67.6 Million Tons by 2028, exhibiting a growth rate (CAGR) of 1.9% during 2023-2028. What is Soybean Oil? Soybean oil is a vegetable oil derived from the seeds of the soybean plant (Glycine max). It is one of the most widely consumed cooking oils worldwide due to its neutral flavor, versatility, and heart-healthy properties. Soybean oil is obtained through a process of crushing, extracting, a...