High Oleic Soybean Market, By Type (Gmo and Non-Gmo), By Application (Food Processing Industry, Restaurants & Hotels Industry and Petrochemicals Industry), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI250719 | Publish Date: May 2023 | No. of Pages: 175

Global High Oleic Soybean Market Overview

Oil with a high oleic content is more resistant to oxidation. Packaged foods and fresh baked goods have a longer shelf life as a result of this resistance. High oleic oil shortening that has been enzymatically interesterified creates baked goods with higher oxidative stability, similar to items manufactured with partially hydrogenated oils, according to functionality testing (PHO). It's the ideal drop-in solution for bakery applications because of this. The neutral flavour profile of high oleic oil allows the actual and natural flavours of products to shine through. Oil with a high oleic content resists oxidation better. As a result of this resistance, packaged meals and fresh baked goods have a longer shelf life.

According to functionality testing, baked goods made with enzymatically interesterified high oleic oil shortening have stronger oxidative stability than those made with partially hydrogenated oils (PHO). Because of this, it's the ideal drop-in solution for bakery applications. High oleic oil's neutral flavour profile allows the actual and natural flavours of items to show through. The increased utility of high oleic oil in the food industry is expected to boost the worldwide high oleic oil market.

Global High Oleic Soybean Market Drivers & Restraints

Increased Customer Preference for Preventive Health Products will drive the growth of the Market

Increased Customer Preference for Preventive Health Products due to increased use of High Oleic Oils in Nutraceuticals: High oleic oil is free of trans-fat and contains the least saturated fat of any of the popular cooking oils. Indeed, the United States Food and Drug Administration has approved qualified health claims for high oleic oil based on its ability to lower the risk of heart disease. When taken in place of saturated fat, about 1.5 teaspoons of this oil per day is beneficial to heart health. Among the typical oils, high oleic oil provides the highest plant-based omega-3 fat and is a rich source of vitamin E. Increased use in nutraceuticals is projected to propel the high oleic oil industry forward in the coming years. Consumers who are concerned about their health are demanding that food products contain ingredients that are advantageous to their health. In terms of application and performance, high oleic oil is used in the food industry, especially in the production of par-fried snacks like potato chips and corn chips. It's also used in various sauces, marinades, and dressings, as well as vegetarian meals, cereals, crackers, and dried fruits, and bakery products. High oleic oil has a substantially higher smoke point than other oils (excellent fry life). Sautéing, stir-frying, deep-frying, and other high-heat applications benefit from high oleic oil. As a result, greater demand for high oleic oil is projected from the food processing industry, which caters to health-conscious consumers.

Global High Oleic Soybean Market Segmentations & Regional Insights

The Global High Oleic Soybean Market report segments the market on the basis of type, application, and region.

On the basis of Type, the Global High Oleic Soybean Market is segmented into GMO and Non-GMO. Based on Application, the target market is segmented into Food Processing Industry, Restaurants & Hotels Industry and Petrochemicals Industry.

Regional Insights:

On region the Global High Oleic Soybean Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The established markets of North America and Europe, which will have a value share of 30% and 40%, respectively, in the year 2020, dominate the worldwide high oleic oil market. The trend of replacing palm oil with high oleic oil has already begun in Europe. Sunflower oil with a high oleic content is widely available in Italian and Spanish stores. Furthermore, as food processors actively replace palm oil, the amount of sunflower oil in Europe is predicted to expand by 1.6X. The idea of preventative health and well-being has recently caught on in Asian countries. As a result, tier-1 firms in the high oleic oil industry are focusing on Asia's potential.

Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Million & CAGR from 2024 – 2034

Market Segmentation

By Type- GMO and Non GMO

By Application– Food Processing Industry, Restaurants & Hotels Industry and Petrochemicals Industry

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Global High Oleic Soybean Market report based on Type, Application and region.                                     

Global High Oleic Soybean Market, By Region:

  • North America
    • Middle East & Africa
      • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
    • Europe
      • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
    • U.S.
    • Canada

Global High Oleic Soybean Market Competitive Landscape & Key Players

Key players in the global high oleic soybean market include, Bayer AG. (Monsanto), DowDuPont Inc., Dupont Pioneer, Bunge limited, Cellectis S.A (Calyxt Inc), Archer-Daniels-Midland (ADM), and Ag Processing Inc.

Global High Oleic Soybean Market Company Profile

FAQs

Global High Oleic Soybean Market is segmented based on type, application and region.

Increased Customer Preference for Preventive Health Products is major factor driving the market.

During the forecast period, North America and Europe is expected to dominate the market.

Key players in the global high oleic soybean market include, Bayer AG. (Monsanto), DowDuPont Inc., Dupont Pioneer, Bunge limited, Cellectis S.A (Calyxt Inc), Archer-Daniels-Midland (ADM), and Ag Processing Inc.