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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.