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Soybean Oil Market Size

According to research report published by research cosmos, the Soybean Oil Market is projected to reach USD $ 2457 million and it is expected to maintain an average annual growth rate of 1.36% during the forecast period 2021

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What are the growth driving factors of Soybean Oil Market?

The increased awareness of consumers about the benefits of soybean oil over other edible vegetable oils has strongly motivated their demand. It is likely that consumers’ health concerns will change their food preferences, which will benefit the global soybean market along with its rich source of omega-3 fatty acids and vitamin E.

Leading region in Soybean Oil Market

Asia Pacific is the leading producer of soybean oil followed by India and Japan. The U.S. is the leading producer of this oil in North America. Argentina in South America is also popular for its soybean oil production.

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Key players Operating in Soybean Oil Market include

• GKN Hoeganaes
• H.C. Starck
• Sumitomo Electric Company Ltd
• Sandvik AB
• Hitachi Chemical Company Ltd

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