Soybean oil, derived from soybean seeds, holds a prominent position as one of the most widely consumed cooking oils globally. Its cultivation and production date back to ancient China before 2000 B.C., showcasing a rich historical legacy. Soybean oil is favored over other vegetable oils due to its various health benefits, including promoting heart health, enhancing the immune system, supporting growth, and potentially reducing cognitive diseases. As the applications of soybean oil extend beyond the food and beverage segment to various industrial uses, manufacturers and suppliers worldwide are striving to increase production volumes. Growing consumer awareness of soybean oil benefits forced organizations to focus on quality. One of the major applications of Soyabean oil is in the production of Caulks and mastics. There is a prominent increase in soybean oil consumption for biodiesel, and soybean oil’s growing usage in biodiesel is driven by its soybean acreage advantage, established processing infrastructure, and active promotion by U.S. soybean farmers, contributing to sustainable fuel alternatives. Soybean processing infrastructure includes cleaning, crushing, and refining units. Cleaning removes impurities, crushing extracts oil and meal, and refining purifies the oil for various end products, like food and industrial uses.
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Top 10 Soybean Oil Manufacturers
Cargill Inc
One of the largest producers and distributors of soybean oil globally.
Operates in 66 countries with around 140,000 employees.
Introduced non-GMO soybean oil in 2014.
Archer Daniels Midland Company (ADM)
Jhon Daniels founded the company in 1902, and later renamed it to Archer-Daniels Linseed Company, after George Archer joined the company. It began crushing soybeans in 1929 and acquired the first soybean processing plant in Europe and South America in 1974.
Bunge Limited
One of the oldest soybean oil manufacturers with almost two centuries in the agro-commodity business.
Involved in food processing, grain trading, and fertilizer business.
FDA approved Bunge’s petition to claim soybean oil as heart-healthy in 2017.
DuPont
DuPont is an American conglomerate founded in 1802 as a gunpowder mill. Dupont, the world’s fourth-largest chemical company, is also amongst the most prominent soybean oil manufacturers. Recently, Performance Food Group and DuPont Pioneer introduced a new-high performance soybean oil in the US markets that are healthier, lasts longer, and does not contain harmful trans-fat.
Wilmar International Limited
Wilmar International Limited is Asia’s leading agribusiness group headquartered in Singapore. It’s a company listed in the Fortune Global 500 with operations ranging from oil palm cultivation, oilseeds crushing, oleochemicals, specialty fats to grains processing and merchandising. Wilmar is highly committed to its R&D activities with a focus on future foods, food texture, food structure, and food safety.
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Louis Dreyfus Company (LDC)
LDC is a worldwide soybean oil distributor with exports to more than 40 destinations across the world. The company employs over 21,000 people and generated revenues of about US$50 billion in the year 2016.
Unilever
Unilever is a company focused on sustainable sourcing of raw materials by working closely with suppliers, farmers, NGOs, and other businesses. Recently, the pledged to source 100% of their soy, sunflower and rapeseed oil from sustainable sources by 2020.
AMAGGI Group
AMAGGI Group is a Brazilian company and amongst one of the largest private soybean oil manufacturers. In the 1980’s, the company acquired land in Mato Grosso, to begin oilseed production and expand business activities.
SLC Agricola
Being a Brazilian agricultural producer, SLC Agricola focuses its business on soybean, cotton, and corn. The company has devoted 230,126 hectares of land in Brazil for the production of soybean oil.
SunOpta Inc
SunOpta Inc. is a Canadian company focusing on natural, organic, and specialty food products. It also specializes in sourcing, processing, and packaging of organic and natural food products.
SpendEdge Advantage
The SpendEdge procurement report provides comprehensive insights into the soybean oil market, including market size projections, consumer awareness, major consuming countries, facilitators of soybean oil use, applications, market trends, and the impact of biodiesel on soybean oil demand. With a projected market size of USD 93.17 billion in 2024 and USD 155.86 billion in 2029, the soybean oil industry anticipates a CAGR of 10.84% from 2024 to 2029. Major consuming countries include China, the United States, Brazil, and India.
Facilitators of soybean oil use, such as its low cost, easy availability, and eco-friendly nature, contribute to its widespread application in various industries. The versatile nature of soybean oil allows for diverse culinary applications, including cooking, frying, and dressing, along with industrial utilization in the manufacture of food products, petrochemicals, and cosmetics.
The SpendEdge procurement report provides comprehensive insights into the soybean oil market, including market size projections, consumer awareness, major consuming countries, facilitators of soybean oil use, applications, market trends, and the impact of biodiesel on soybean oil demand. With a projected market size of USD 93.17 billion in 2024 and USD 155.86 billion in 2029, the soybean oil industry anticipates a CAGR of 10.84% from 2024 to 2029. Major consuming countries include China, the United States, Brazil, and India.
Facilitators of soybean oil use, such as its low cost, easy availability, and eco-friendly nature, contribute to its widespread application in various industries. The versatile nature of soybean oil allows for diverse culinary applications, including cooking, frying, and dressing, along with industrial utilization in the manufacture of food products, petrochemicals, and cosmetics.
To know more about manufacturers in the soybean oil market
