Global Soybean Hull Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Soybean Hull Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Soybean hulls are a by-product of soybean processing for oil and meal production.

Market Overview:

The latest research study on the global Soybean Hull market finds that the global Soybean Hull market reached a value of USD 2738.01 million in 2022. It’s expected that the market will achieve USD 3569.0 million by 2028, exhibiting a CAGR of 4.52% during the forecast period.

Opportunities

Current applications of soybean hulls are utilizations to animal feed, treatment of wastewater, dietary fiber, and herbal medicine. The conversion of soybean hulls is concerned with ethanol production, bio-oil, polysaccharides, microfibrils, peroxidase, and oligopeptides. Soybean hull is an important source on environment, energy, animal breeding, materials, chemicals, medicine, and food.
Cellulose is part of soybean hull. Cellulose derived most frequently from wood is widely used in a range of applications including composites, papermaking, food additives, textile, and pharmaceutical industries. More importantly, cellulose is also useful for bio-ethanol production after enzymatic hydrolysis.

Market Drivers

Market demand for raw soybeans has increased. Soybeans are an important commodity for both grain and oil. As a food, soybean is a high-quality, high-content plant protein resource. As an oil crop, soybean is the world's leading provider of vegetable oils and protein cakes. As soybeans play an important role in addressing the current state of insufficient protein resources in developing countries, global demand for soybeans is also growing rapidly.

Region Overview:

In 2022, the share of the Soybean Hull market in North America stood at 24.12%.

Company Overview:

Cargill is one of the major players operating in the Soybean Hull market, holding a share of 4.56% in 2023.

Cargill

Cargill, Incorporated, through its subsidiaries, engages in the businesses of food, agriculture, financial, and industrial products and services worldwide.

Archer-Daniels-Midland

Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities, products, and ingredients in the United States and internationally.

Segmentation Overview:

Among different product types, Loose Form segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Ruminant Diets segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Soybean Hull market covered in Chapter 3:

Xiamen Zhongsheng
Bunge
Arkema
Dalian Huanong
ADM
Louis Dreyfus
Wilmar International
Shandong Bohi
Henan Sunshine
COFCO Corporation
Donlinks
Yihai Kerry
Cargill
Sanhe hopefull
Shandong Sanwei

In Chapter 4 and Chapter 14.2, on the basis of types, the Soybean Hull market from 2018 to 2029 is primarily split into:

Loose Form
Pellet Form

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Soybean Hull market from 2018 to 2029 covers:

Ruminant Diets
Swine Diets
Poultry Diets
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)