Global Soybean Derivatives Market Analysis 2022

Global Soybean Derivatives Market Analysis 2022

The Global Soybean Derivatives Market is expected to reach $534.59 billion by 2028 growing at a CAGR of 9.7% from 2021 to 2028. Soybean derivatives are ingredients obtained from soybean either by crushing, drying, or other processing methods. These derivatives are used as dietary supplements that act as a nutritional food for the vegan consumer or health-conscious people. They are rich in proteins, healthy fat, and other nutrients ingredients that are healthy for the body and help in the growth of the body. They are easily available and affordable for the consumer. Soybean derivatives are processed to manufacture salad dressings, baked goods, sauces, breads, mayonnaise, and potato chips.

Factors such as growing requirement for animal feed consumption, increase in consumption of processed foods, increasing urbanization, rise in awareness about the health issues, and growing pressure to support biodiesel fuel production to eradicate net-emissions are driving the growth of the market. However, health issues due to excess consumption of processed foods are restraining the growth of the market.

Based on the application, the food segment is expected to have lucrative growth in the forthcoming years, due to rising utilization of soy oil for cooking and other derivatives of soybean, such as soy flour and emulsifier lecithin for the manufacturing of processed foods, including chocolate, ice cream, and baked goods. In food, soybean derivatives are used to manufacture a wide range of products which include tofu and soymilk. It is the main ingredient in making vegetarian dishes such as tempeh from Indonesia or seitan from China. Soybeans also have very high protein content (about 40%) and can be processed into many different types of meat substitutes.

The key vendors mentioned are Clarkson Grain Company, Noble Group Limited, Bunge Limited, Amitax Agro Products Pvt., Ltd., Cargill Incorporated, Ag Processing Inc., DuPont Nutrition and Health, Archer Daniels Midland Company, Tyson Foods, Inc., CHS Inc., Wilmar International Limited, Dow Chemicals, Pilgrim’s Pride Corporation, Louis Dreyfus Commodities Group, Ruch Soya Commodity BV, Fuji Oil Holdings Inc., Adani Group, and Gujarat Ambuja Exports Limited

Lecithin Processing Covered:

• Enzyme
• Water
• Acid
• Membrane

Types Covered:

• Soy Meals
• Soybean
• Soy Oil
• Soy Flour
• Soy Nuts

Sales Channels Covered:

• Departmental Stores
• Online Retail
• Supermarkets

Applications Covered:

• Food Industry
• Beverages
• Biodiesel
• Feed Industry
• Adhesives
• Other Applications

Regions Covered:

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa

Key Questions Answered in this Report:

• How this market evolved since the year 2020
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analyzed during the forecast period