High Oleic Soyabean Market is estimated to be US$ 66.90 Billion by 2030 with a CAGR of 4.8% during the forecast period
The monounsaturated fat content of High Oleic Soybean oil is greater. Soybean oil with a high oleic content comes from three different types of soybeans, two of which were developed by transgenic genetic manipulation and the third from a native gene mutation. The transgenic versions reduce the expression of a gene that turns oleic fatty acid into another downstream form of oil using RNA interference, a genetic mechanism comparable to certain types of immune responses to viruses. As a result, the plant produces more oleic fatty acid. The mutations in the same gene are present in non-transgenic high oleic soybeans, lowering its expression and causing high quantities of oleic fatty acids to accumulate in the oil.
The report "Global 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 2029’’
Key Highlights:
· In 2021, A South Korean food company recently debuted a limited run of high oleic oil for use in their food industry, which was produced only in the United States. According to the US Soybean Export Council, the company wants to offer a consumer-oriented line of high oleic soybean oil.
Analyst View:
Consumers are becoming more conscious of the foods they consume and the health characteristics of the fats they consume. This increased need is being met by high-oleic soybean oil. The industry wants to keep boosting its supply. By distinguishing U.S. soy from other vegetable oils and soy farmed in other countries, high oleic soybeans improve U.S. soy's global competitiveness. Having high-oleic soybean oil on the market raises the average value of all soybean oil, which helps U.S. soybean growers enhance long-term demand. The soy checkoff has invested in providing high oleic soybean varieties to more farmers and exhibiting customers the benefits of high oleic soybean oil since they generate better oil for several major consumers in the food and industrial sectors. This product not only helps American soybean farmers gain a larger portion of the food oil market, but it also opens the door to new sustainable industrial applications that commodity soybean oil isn't suited for.
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Key Market Insights from the report:
The global high oleic soybean market report segments the market on the basis of type, application, and region.
· Based on Type, Global High Oleic Soybean Market is segmented into Gmo and Non-Gmo.
· Based on Application, Global High Oleic Soybean Market is segmented into Food Processing Industry, Restaurants & Hotels Industry and Petrochemicals Industry.
· By Region, the Global High Oleic Soybean Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global High Oleic Soybean 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.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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