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Soybean Derivatives Market

Soybean Derivatives Market

Soybean Derivatives Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

185

Base Year:

2021

Date

Jan - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1145

Segments Covered
  • By Type Soybean Oil, Soy Flour, Soy Nuts, Others
  • By Application Food Industry, Feed Industry, Biodiesel, Others
  • By Region North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 162.2 Billion
Revenue 2028Revenue 2028: USD 236.9 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 6.3%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): Asia Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Soybean Derivatives  Market Share

Soybean Derivatives Market: By Type, Application, Lecithin Processing, and Region

Market Synopsis

In 2021, the global Soybean Derivatives market was valued at USD 162.2 Billion and is expected to reach USD 236.9 Billion by 2028 at CAGR of 6.3% during the forecast period, 2022–2028.

Soybean Derivatives Market Size, 2021 To 2028 (USD 236.9 Billion )

Demand for food products made with soy-based ingredients has been increasing year over year for several years, and this trend is expected to continue throughout the forecast period. Wherein, soy oil leads the demand, accounting for over 50% of the global market and is projected continue expanding its market share. Demand for other commodities in this category—including lecithin (21 percent) and protein (5 percent)—is also expected to grow at a CAGR of over 9%.

Segmentation

On the basis of type, the market is segmented into soybean oil, soy flour, soy nuts, and others. On the basis of application, the market is segmented into food industry, feed industry, biodiesel, and others.

Below tree is interactive. You can click the nodes to get more information.

Soyabean Oil to Dominate Soybean Derivative Market

Soyabean oil is used as a cooking oil and also as a raw material for biodiesel. It has high smoke point, so it can be heated to a very high temperature before it starts to break down and produce harmful free radicals. Soybean oil accounts for 52% of the global market share, which is expected to grow significantly over the forecast period. The large demand for soybean oil comes from its various applications in different sectors like food industry, personal care sector, animal feeds etc. Moreover, constantly increasing demand for biodiesel is the major factor projected to drive soybean oil market growth.

Lecithin Processing is Driving Growth of Soybean Derivatives Market

Demand for Soybean Derivatives is growing, in particular in the personal care, food and pharma industries. Although lecithin accounts for only about 2% of soybean oil by weight, it is one of the most widely used products from soybeans. Other uses include: paper sizing; metalworking; explosives manufacture; brake fluid additives; agrichemicals such as insecticides and herbicides; feed supplements such as antibiotics and amino acids; pharmaceuticals such as estrogenic hormones and steroid intermediates. Soy lecithin has a variety of applications across numerous markets including: cosmetics, processed foods, pharmaceuticals and industrial applications.

Asia Pacific to Dominate Global Soybean Derivatives Market

Asia Pacific is the largest consumer and producer of Soybean Derivatives and the demand is growing. Soybean Derivatives sell well in Asian countries such as China, Japan and Indonesia due to their functional ingredients and high protein composition. In addition, they are not expensive. South Korea ranks 4th in Asia Pacific's consumption of soybean products after Japan, China (Mainland) and Indonesia. This means that Korea's future demand for Soybean Derivatives is strong.

Moreover, regional market is witnessing high demand for Soybean Derivatives due to the growing demand for functional foods. Functional Foods are defined as foods that provide health benefits beyond basic nutrition, including preventing or treating disease (Functional Ingredients). Functional ingredients like soy protein and soybeans are currently used in various food products such as bread, noodles, meat substitutes and ice cream. Demand for functional foods is high because consumers follow the trends of developed countries.

Vendor Landscape

Some of the key vendors in the global Soybean Derivatives market are Archer Daniels Midland Company (U.S.), Bunge Ltd (U.S.), Cargill, Incorporated (U.S.), Louis Dreyfus Commodities (The Netherlands), and Wilmar International Limited (Singapore).

The Soybean Derivatives is Segmented as Follows:

Parameter Details
Segments Covered
  • Type (Soybean Oil, Soy Flour, Soy Nuts, Others)
  • Application (Food Industry, Feed Industry, Biodiesel, Others)
  • Region (North America, Europe, Asia Pacific, Middle East & Africa, Latin America)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Archer Daniels Midland Company (U.S.)
  • Bunge Ltd (U.S.)
  • Cargill Inc.rporated (U.S.)
  • Louis Dreyfus Commodities (The Netherlands)
  • and Wilmar International Limited (Singapore).
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Soybean Derivatives Market Expected to Reach Over USD 236.9 Billion by 2028
According to our research study, the Soybean Derivatives Market is expected to reach over by 2028, growing at a CAGR of over 2022 to 2028. The rising global population and advancing urbanization and end-use enterprises, growing demand for biodegradable and sustainable goods are factors t...
FAQ
Frequently Asked Question
  • The global Soybean Derivatives valued at USD 162.2 Billion in 2020 and is expected to reach USD 236.9 Billion in 2028 growing at a CAGR of 6.3% .

  • The prominent players in the market are Archer Daniels Midland Company (U.S.), Bunge Ltd (U.S.), Cargill, Incorporated (U.S.), Louis Dreyfus Commodities (The Netherlands), and Wilmar International Limited (Singapore)..

  • The market is project to grow at a CAGR of 6.3% between 2021 and 2028.

  • The driving factors of the Soybean Derivatives include

    • Lecithin Processing

  • Asia Pacific was the leading regional segment of the Soybean Derivatives in 2020.