Roasted Soybean Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

Roasted Soybean Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The roasted soybean market is poised for expansion, driven by various factors, including its nutritional benefits and increasing demand across multiple industries.Valued at $1.80 billion in 2024, the market is expected to reach $2.74 billion by 2031, exhibiting a CAGR of 6.10% Roasted soybeans are high in protein, fiber, and saturated fat, are cholesterol-free, and a good source of omega-3 fatty acids and antioxidants. They are a top choice for plant-based protein, with manufacturers focusing on minimally processed raw roasted soybeans that retain essential nutritional content and offer diverse flavor profiles. These products are gaining popularity among consumers worldwide.

Key Trends in the Roasted Soybean Market

Feed Industry - Key Growth Driver

The feed industry is a significant consumer of soybean and soy-based ingredients, primarily in the form of raw soybean. Roasted soybeans promote healthy digestion in animals, especially in ruminants, and contribute to increased milk output in dairy cows due to their high digestibility and rich nutrient content. They are also used in feeding horses, goats, sheep, buffaloes, and wildlife. These factors are expected to drive significant growth in the roasted soybean market.
• For instance, Bryant Grain Company in the U.S. offers roasted soybeans in whole and pellet forms for all animal categories, including ruminants, poultry, wildlife, swine, and equine.

Nutrition First - Priority for Vegetarian and Vegan Consumers

The growing vegetarian and vegan populations prefer plant-based proteins for their nutritional needs, opting for a vegan diet as a healthier alternative to animal-based protein products. Roasted soybeans provide an excellent source of nutrition for these consumers, who prioritize nutrition to improve their health through food. This trend is expected to boost the growth of the roasted soybean market globally.

Rising Demand from Bakery Producers

Roasted soybean flour enhances the water absorption of dough, increases yield, and extends the shelf life of bakery products, providing additional benefits to bakery manufacturers. It also increases the overall nutritional content of the final product, making roasted soybean bakery products attractive to consumers.
• Natural Products, Inc. uses roasted full-fat soy flour in bakery products to improve water absorption, increase yield, and extend shelf life. It can also reduce oil absorption in cakes and donuts during frying.

Innovative Roasting Techniques

Innovation in roasting technologies is anticipated to positively impact the roasted grain ingredients market. Manufacturers are adopting advanced technologies to produce roasted soybeans that enhance the quality of their offerings. High roasting levels can sometimes affect nutrient quality, prompting manufacturers to develop innovative roasting technologies to retain higher nutrient quality in their products.

High Prices of Roasted Grain Ingredients

Roasted grains undergo multiple processes, including drying, steeping, germination, and roasting, which increase their prices. Consequently, the prices of end-use products, such as roasted grain snacks and baking products, are also higher. Some manufacturers may opt for non-roasted grain ingredients to cut operating costs and reduce product prices, which hampers market growth.

Country-wise Insights

Latin America

Latin America is a leading producer and consumer of soybeans, with consumers highly aware of soybeans' varied uses. Roasted soybeans are widely used in food and beverage products, including snacks, convenience food, bakery items, and other processed foods. Their use is also increasing in the feed industry to promote animal health, driving market growth in the region.

Europe

Europe is expected to witness healthy growth, driven by its large number of dairy cows and the largest dairy industry. The trend of living a healthy lifestyle is gaining momentum, which is anticipated to accelerate the growth of the roasted soybean market in Europe. Countries in this region are emerging as potential markets for roasted soybean manufacturers.

Category-wise Insights

Nature

The roasted soybean market is segmented into organic and conventional based on nature. Organic roasted soybeans are derived from farming systems that avoid man-made fertilizers, pesticides, growth regulators, and livestock feed additives, certified by authorities such as USDA Organic and EU Organic.

Form

The market is segmented into whole, splits, and flour based on form. Whole roasted soybeans are gaining popularity as a healthy snack, while the flour segment is projected to register significant growth.

End Use

The roasted soybean market is segmented by end use into beverages, bakery, snacks and convenience food, animal feed, and others, including dairy, confectionery, and meat products.

Competitive Analysis

Key players in the roasted soybean market are expanding their regional footprints and increasing their organic product portfolios in response to rising demand. They are focusing on providing clean label, gluten-free, and non-GMO products to various industry verticals and consumers. Additionally, these players emphasize using the latest technology to produce the highest quality and most consistent roasted soybeans.

Company Profiles
• SunOpta Inc.
• KLC Farms Roasting Inc.
• N. L. Food Industries
• Mindals AGRO
• Vaishnav Food Products
• Natural Products, Inc.
• Jabsons Foods
• Soyaam Food
• Bansal Extraction & Exports Private Limited.
• Hillsboro Feed Company
• Urban Platter
• Quality Roasting, Inc.
• Grain Basket Foods
• SR Foods
• Bryant Grain Company

Market Segmentation

By Nature
• Organic
• Conventional

By Form
• Whole
• Splits
• Flour

By End Use
• Beverages
• Bakery
• Snacks & Convenience Food
• Animal Feed
• Others (including dairy, confectionery, and meat products)

By Region
• North America
• Latin America
• Europe
• South Asia & Pacific
• East Asia
• Middle East & Africa

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