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One major trend in the high oleic soybean industry is rising customer desire for healthier, more sustainable food items. rich oleic soybeans, with their better nutritional profile and stability, are becoming increasingly popular among health-conscious customers and food makers looking for alternatives to standard oils rich in trans fats or saturated fats. Furthermore, the emphasis on sustainability and environmental responsibility is encouraging the adoption of high oleic soybeans, which have the potential to utilize less land, water, and emit less greenhouse gases than other oilseed crops. This tendency is projected to drive future market expansion as businesses innovate to satisfy changing customer preferences and regulatory requirements.
Food-grade high oleic soybeans segment share was worth USD 331.4 million in 2023, owing to low levels of toxic fats, stability, and neutral flavor of the product.
Europe market generated a revenue of USD 175.8 million in 2023, driven by shifting consumer choice for better dietary options and an increasing awareness of the value of unsaturated fats in heart health.
The market size of high oleic soybeans reached USD 440.6 million in 2023 and is set to witness 12.3% CAGR between 2024 and 2032, propelled by a rising emphasis on better dietary alternatives and the need for more environmentally friendly agriculture practices.
AGP Grain Ltd., Archer Daniels Midland Company (ADM), Bayer CropScience, Bunge Limited, Cargill, Incorporated, Corteva Agriscience, Maverik Oils are some of the major industry contenders.