North America Soybean Derivatives Market By Type (Soybean, Soy Meal, And Soy Oil), Application (Feed, Food, And Other Industries), Lecithin Processing (Water, Acid, And Enzyme) And By End User And By Country (US, Canada and Rest of North America) - Growth, Size, Share, Trends, and Forecasts (2024 to 2029)

Updated On: January, 2024
ID: 3483
Pages: 145

North America Soybean Derivatives Market Growth and Forecast (2024 to 2029)

North America Soybean Derivatives Market is worth USD 30.77 billion in 2024 and estimated to grow at a CAGR of 8%, to reach USD 45.21 billion by 2029. The North America Soybean Derivatives market is developing at an exceptionally quick pace.

Market Overview

In the food industry, soybean derivatives find use in products such as spreads, snacks, breads, baked products, sauces, and mayonnaise. Residual fibers which are produced after the extraction of oil from soybean are also used in the production of feed for aquaculture, bovine etc. Soybean derivatives are also used to manufacture lubricants and hydraulic fluids. Use of soybean derivatives for the production of bio-diesel is also getting increased attention across the globe.

Driver and Restraints

The significant drivers for Soybean Derivatives are increasing North America population, increasing awareness among consumers about health, and high demand for animal feed. Also surge in the functional purpose of soy in feed in developing economies will boost this industry. Difficulty in maintaining pH and operational temperature of Soybean Derivatives limits this industry.

North America Soybean Derivatives Market Segmentation Analysis

The North America market for Soybean Derivatives is segmented on the basis of Lecithin processing, application, type and region. Based on type, the market is segmented into Soybean, Soy Meal, and Soy Oil. Based on application, the market is segmented into Feed, Food, and Other Industries. Based on Lecithin processing, the market is segmented into Water, Acid, and Enzyme.

Region Analysis

Geographically the North America Soybean Derivatives Market is segmented into US, Canada and Rest of North America. North America has the highest no. share in this market .USA has the highest demand followed by Canada and Mexico. The North America region is largely driven by industrial concerns.

Key Players in the Market

Major Key Players in the North America Soybean Derivatives Market are

  • Louis Dreyfus Commodities (The Netherlands)
  • Cargill
  • Bunge Ltd (U.S.)
  • Archer Daniels Midland Company (U.S.)
  • Wilmar International Limited (Singapore)

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