Potential of Processing Soybean Oil
Soybean oil represents a big market for potential investors. Driven by its applications for both edible and industrial uses, the global demand for soybean oil is expected to grow at a CAGR of 4% during the next five years.
Unlike the seeds of most other legumes, the soybean has a high oil content, and is often called an "oilseed." The value of the soybean, which contains significant amounts of both oil and proteins, lies in the fact that there is a strong demand for both of these ingredients, either directly or indirectly, in human foods. It has been found that soybean contains about 18% oil and 35% protein and the need to separate these two major components has given rise to the soybean crushing industry. The two products that emerge after crushing are soybean oil and soybean meal.
Soybean oil represents a big market for potential investors. According to Industry reports, palm and palm kernel oil represented the world’s most popular vegetable oil accounting for 31% of the total global vegetable oil consumption. Soybean oil represented the second most popular vegetable oil accounting for around 22% of the total global vegetable oil consumption. Reports also suggest that most (around 85%) of the global soybean oil was consumed in edible products such as cooking oil, margarine, mayonnaise, salad dressing, etc. This was followed by industrial uses such as in paint, varnish, linoleum, rubber fabrics, biodiesel etc. and the feed sector. As far as soybean oil prices are concerned, they depend upon a number of factors. This includes the demand of its end use sectors, raw soybean supply and prices, crude oil prices and the supply demand of other major vegetable oils. Industry reports currently expect the global demand of soybean oil to grow at a CAGR of around 4% in the next five years.
Recognising the potential of soybean oil for both edible and industrial uses, IMARC Group has released a new report titled, “Soybean Oil Processing Plant Project Report: Industry Trends, Manufacturing Process, Machinery, Raw Materials, Cost and Revenue”. This report gives a comprehensive insight to stakeholders who plan to set up a soybean oil processing plant. The analysis includes: •
Market trends
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Key players
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Key risk and success factors
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Process flow for production of soybean oil
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Various types of unit operations involved
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Land, location and site development requirements
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Plant layout
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Plant machinery requirements
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Raw materials, utilities and manpower requirements
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Capital investments
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Operating costs
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Incomes and expenditures of the plant
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Profits
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Cash flows
To buy the complete report and know more about the feasibility of setting-up a soybean oil processing plant, please visit: http://www.imarcgroup.com/soybean-oil-processing-plant
About IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results. To know more about our company Please visit website: http://www.imarcgroup.com/ Contact Email: sales@imarcgroup.com