Soybean Derivatives Market
Soybean Derivatives Market - Global Industry Assessment & Forecast
#
Pages:
185
2022
Jan - 2022
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
 Base Year:
|
2022 |
| Forecast
Years:
|
2023 - 2030 |
 Historical
Years:
|
2017 - 2021 |
 Revenue
2022: |
USD 172.04 Billion |
 Revenue 2030:
|
USD 278.38 Billion |
 Revenue CAGR
(2023 - 2030): |
6.20% |
Fastest Growing Region (2023 -
2030)
|
Asia Pacific |
Largest Region (2022):
|
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
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Soybean Derivatives Market: By Type, Application, Lecithin Processing, and Region
Market Synopsis
In 2022, the global Soybean Derivatives market was valued at USD 172.04 Billion and is expected to reach USD 278.38 Billion by 2030 at CAGR of 6.20% during the forecast period, 2022–2028.
Soybean Derivatives Market Size, 2022 To 2030 (USD Billion)
AI (GPT) is here !!! Ask questions about Soybean Derivatives Market
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%.
Report Coverage & Deliverables
- Competitive benchmarking
- Historical data & forecasts
- Company revenue shares
- Regional opportunities
- Latest trends & dynamics
- Power BI Report (Dashboard)
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
Regions & Countries Covered
Companies Covered
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
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Research | 16-Jan-2022
FAQ
Frequently Asked Question
What is the global demand for Soybean Derivatives in terms of revenue?
-
The global Soybean Derivatives valued at USD 172.04 Billion in 2022 and is expected to reach USD 278.38 Billion in 2030 growing at a CAGR of 6.20%.
Which are the prominent players in the market?
-
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)..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 6.20% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Soybean Derivatives include
- Lecithin Processing
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Soybean Derivatives in 2022.
