According to the latest report by IMARC Group, the India soybean oil market, however, is expected to recover from 2021 onwards and exhibit strong growth during 2021-2025.
The Epoxidized Soybean Oil Market to be synonymous to growth between 2020 and 2030
atulpmrJune 27, 2021 6
Epoxidized soybean oil is the oxidation or rusting of soybean and unsaturated oils with hydrogen peroxide, it is also titled as ESBO. Epoxidized soybean oil is prepared from soybean oil by epoxidation process, it is a non-toxic and yellow color liquid. The epoxidation of vegetable oil is receiving a great interest from industries. There are many uses of ESBO inside and outside industries. In industries it is largely used as a plasticizer and stabilizer for PVC.
Epoxidized Soybean Oil Market: Market Dynamics and Restraints
Majorly, food and beverage industry have accounted most of the epoxidized soybean oil market whereas its application in plasticizer segment has controlled the market trailed by UV curing; this application is likely to rise meaningfully in upcoming years. Another cause is epoxidized soybean oil’s easy availability in huge volumes, at the lesser price whi
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The global soybean oil market reached a volume of 57.3 Million Tons in 2020. Looking forward, the global soybean oil market to exhibit moderate growth during the next five years.
Soybean oil refers to a clear yellow vegetable oil which is extracted from the seeds of soybean. It is a rich source of essential nutrients like vitamins, proteins, fatty acids and plant sterols. As a result, soybean oil helps in improving immunity, preventing osteoporosis, managing heart health, boosting skin and eye health, lowering cholesterol levels, and reducing the threat of cognitive disorders.
Over the years, soybean oil has become a preferred choice for cooking in households and restaurants due to its neutral taste, high smoke point and negligible saturated fat content.