What is the growth rate of India soybean oil market?
The India soybean oil market size is expected to exhibit a growth rate (CAGR) of 5.24% during 2024-2032. Soybean oil refers to a yellowish vegetable oil that is naturally extracted from the seeds of soybean. Soybean oil currently represents the second most consumed edible in India after palm oil.
What is the soybean oil manufacturing process?
The soybean oil manufacturing process involves several machines based on specific steps. The process includes cleaning the soybeans, cooking, oil extraction, oil filtering, and solvent extraction and refining. The complete process requires a series of oil processing machines.
How many tons of soya beans are produced in India?
Industry-specific and extensively researched technical data (partially from exclusive partnerships). A paid subscription is required for full access. At the end of fiscal year 2023, India was estimated to produce almost 14 million metric tons of soya bean. This was an increase from the previous fiscal year.
Which country produces the most soybean oil in 2022?
India produced over 1.5 million metric tons of soybean oil in fiscal year 2022. China was the leading producer of soybean oil globally, producing nearly 16 million metric tons out of a total 59 million metric tons in the world that same year. Get notified via email when this statistic is updated.