Global Soy Derivatives Market 2022-2028
Soy derivatives are ingredients obtained from soybeans through crushing, drying, or other processing procedures. According to latest analysis by Gen Consulting Company, the global soy derivatives market is poised to grow by USD 82 billion during 2022-2028, progressing at a CAGR of 6.9% during the forecast period.
The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global soy derivatives market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, growth rate and market segments. This study also provides an analysis of the impact of the COVID-19 crisis on the soy derivatives industry.
This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the product, type, application, and region. The global market for soy derivatives can be segmented by product: soy meal, soy oil, soymilk, others. Among these, the soy meal segment was accounted for the highest revenue generator in 2021. Soy derivatives market is further segmented by type: conventional, organic. The conventional segment is estimated to account for the largest share of the global soy derivatives market. Based on application, the soy derivatives market is segmented into: animal feed, food and beverages, others. The animal feed segment held the largest share of the global soy derivatives market in 2021 and is anticipated to hold its share during the forecast period. On the basis of region, the soy derivatives market also can be divided into: Asia Pacific, Europe, North America, Rest of the World (RoW). In 2021, Asia Pacific made up the largest share of revenue generated by the soy derivatives market.
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