Soybean Derivatives

Global Soybean Derivatives Market to Reach US$320.7 Billion by 2030

The global market for Soybean Derivatives estimated at US$244.0 Billion in the year 2024, is expected to reach US$320.7 Billion by 2030, growing at a CAGR of 4.7% over the analysis period 2024-2030. Soybean, one of the segments analyzed in the report, is expected to record a 5.3% CAGR and reach US$170.3 Billion by the end of the analysis period. Growth in the Soy Meal segment is estimated at 4.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$64.0 Billion While China is Forecast to Grow at 8.3% CAGR

The Soybean Derivatives market in the U.S. is estimated at US$64.0 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$73.8 Billion by the year 2030 trailing a CAGR of 8.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 1.6% and 4.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.1% CAGR.

Global Soybean Derivatives Market - Key Trends and Drivers Summarized

Why Are Soybean Derivatives in High Demand Across Multiple Industries?
Soybean derivatives, such as soybean oil, meal, lecithin, and protein, are in high demand across multiple industries due to their nutritional, functional, and versatile properties. As one of the most widely cultivated and processed crops globally, soybeans serve as a vital source of plant-based proteins, healthy fats, and bioactive compounds. In the food industry, soybean derivatives are extensively used in cooking oils, margarine, bakery products, and dairy alternatives, providing essential nutrients and enhancing flavor and texture. In the animal feed industry, soybean meal is a major ingredient due to its high protein content and amino acid profile, supporting livestock growth and health. Additionally, soybean derivatives are gaining traction in industrial applications, including biodiesel production, industrial lubricants, adhesives, and cosmetics, expanding their market potential.

How Are Technological Advancements Transforming the Soybean Derivatives Market?
Technological advancements in soybean processing, extraction, and derivative production are driving innovation in the market, enabling the development of high-quality, functional, and sustainable soybean-based ingredients. The use of advanced extraction techniques, such as cold pressing, solvent extraction, and enzymatic hydrolysis, is improving the yield, purity, and functionality of soybean derivatives, making them suitable for a wide range of food, feed, and industrial applications. The emergence of non-GMO, organic, and clean-label soybean derivatives is also gaining popularity, catering to the increasing demand for natural, sustainable, and health-focused products. Additionally, innovations in biotechnology and fermentation processes are enabling the development of novel soybean derivatives with enhanced nutritional and functional properties, such as high-oleic soybean oil, bioactive peptides, and lecithin alternatives, expanding the application scope of soybean derivatives across various sectors.

Which Market Segments Are Leading the Growth of the Soybean Derivatives Industry?
Types of soybean derivatives include soybean oil, soybean meal, soy lecithin, soy protein, and others, with soybean oil holding the largest market share due to its widespread use in cooking, frying, and food processing. Applications of soybean derivatives span food and beverages, animal feed, biodiesel, industrial lubricants, cosmetics, and personal care, with food and beverages being the dominant segment due to the high demand for soybean oil, lecithin, and protein ingredients. End-use sectors comprise food manufacturing, animal feed production, industrial processing, pharmaceuticals, and cosmetics, with animal feed and food manufacturing leading the market due to the extensive use of soybean meal and oil in these sectors. Geographically, North America and South America are the largest markets for soybean derivatives, driven by large-scale soybean cultivation, processing, and export activities, while Asia-Pacific is expected to witness significant growth due to rising demand for soybean-based products and expanding food and feed industries.

What Are the Key Drivers of Growth in the Soybean Derivatives Market?
The growth in the soybean derivatives market is driven by several factors, including the rising demand for soybean-based ingredients in food, feed, and industrial applications, technological advancements in soybean processing and derivative production, and the increasing focus on sustainability, health, and wellness. The need to provide high-quality, functional, and versatile soybean derivatives for various applications is driving the demand for soybean-based products. Technological innovations in non-GMO, organic, and bio-based soybean derivatives, coupled with advancements in extraction, fermentation, and biotechnology, are enhancing the quality, functionality, and sustainability of soybean derivatives, supporting market growth. The expansion of soybean derivative applications in biodiesel, industrial lubricants, cosmetics, and pharmaceuticals, along with the growing emphasis on clean label, sustainable sourcing, and environmental impact, is creating new opportunities for market players. Additionally, the focus on developing cost-effective, nutrient-rich, and diverse soybean derivatives for multiple end-use markets is further propelling the growth of the soybean derivatives market.

SCOPE OF STUDY:

The report analyzes the Soybean Derivatives market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Soybean, Soy Meal, Soy Oil); Application (Feed, Food, Other Applications)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 62 Featured) -

• AG Processing Inc.
• Archer Daniels Midland Company
• Bunge Ltd.
• Cargill, Inc.
• Chs Inc.
• DuPont Nutrition & Health
• Louis Dreyfus Commodities B.V.
• Noble Group Limited
• Ruchi Soya Industries Ltd.
• Wilmar International Ltd.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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