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Global Soybean Derivatives Market By Type (Soybean, Soy Meal(Soy Milk, Soy Protein Concentrate) and Soy Oil(Refined Oil, Lecithin, Others (Gums, Chemicals))), Application (Feed(Poultry Feed, Swine Feed, Ruminants, Aquafeed), Food(Protein, Fat, Fiber) And Other Industries), Lecithin Processing (Water, Acid, And Enzyme) And By Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2022 – 2027)

Published: January, 2022
ID: 3481
Pages: 175

Soybean Derivatives Market Growth and Forecast (2022 - 2027):

The Global Soybean Derivatives Market size was worth US$ 180.3 billion in 2021, and it is estimated to reach a valuation of US$ 265.54 billion by the end of 2027, rising at an annual growth rate of about 8% between 2022 and 2027. Soy derivatives have recently been found in many different industries, such as animal feed and automotive, as a consumer still dominated by the food industry, seeking a variety of applications.

Soybean Derivatives Market

Market Overview:

Soybeans, commonly known as glycine maxima, are legumes produced mainly in East Asia. Soybeans are widely grown as edible beans with many end-uses. In addition, fat-free (skim) soy flour is considered an inexpensive source of protein for animal feed and packaged foods. Soy contains significant amounts of phytic acid, minerals, and vitamins. Soybean vegetable oil is mainly used in food and industrial applications. Also, soy and its derivatives are used in the food and various industries, such as animal feed, automotive, and other industries. In the food industry, it is used in the production of mayonnaise, spreads, sauces, snacks, baked goods and bread. After extracting the oil from the beans, it produces residual fiber and then uses it for the production of feed for cattle, pigs, farms and cattle.

Recent Developments in Soybean Derivatives Industry:

  • The Thai government announced that it would finance $3.1 billion to increase production in the national bioplastics industry.
  • In 2017 ADM expanded its existing GMO-free soybean processing capabilities in Germany to meet the growing demand for GMO-free and high-protein soybean meals across Europe.
  • In March 2019, ADM Company and Cargill Inc. officially launched Grainbridge, LLC to complete the deal. The joint venture will produce digital tools to enable North American farmers to consolidate information on the economy of production and grain marketing activities for free on a single digital platform.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 – 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

8%

Segments Covered

By Type, Application, Lecithin Processing and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Du Pont Nutrition and Health, Ruchi Soya Industries Limited, AG Processing Inc, CHS Inc, Noble Group Ltd, Wilmar International Limited, Cargill, Incorporated, Louis Dreyfus Commodities B.V., Archer Daniels Midland and Company, Bunge Ltd and Others.

Soybean Derivatives Market Growth:

Soy derivatives have become a relevant food product as public awareness of health problems has grown significantly in recent years.

Drivers:

The global soy derivatives market is driven by the primary use of soy derivatives in the food and beverage industry due to increased protein consumption. Soy derivatives are processed to make salad dressings, baked goods, sauces, bread, mayonnaise, and potato chips. The residual fibers obtained from the extraction of soybean oil are roasted and used to feed for farms, livestock, pigs and pets. As meat production increases and demand for animal protein products increases, the growth of the animal feed industry is expected to stimulate market demand during the forecast period. Soy derivatives are also used in the manufacture of paints, coatings, bioplastics, and biodiesel. Increased environmental awareness of greenhouse gas reductions has accelerated the growth of the naturally-derived product's market. This trend is supposed to stimulate market demand as raw material for biodiesel production during the outlook period. As the importance of recycling increases and the need to replace rare resources such as wood increases, the application of soy derivatives for the production of biocomposites increases.

Biocomposites are increasing applications in the construction, automotive, aerospace and packaging industries due to their biological properties. Competitive pricing and respect for the environment are assumed to have a positive impact on the global soy derivatives market in the near future as the application of biocomposites in the plastics industry to manufacture carpet backings and coatings increases. Due to their excellent insulation properties and low VOC emission levels, soy derivatives are increasingly used as insulation to save heating and cooling costs for businesses and homes. This trend is presumed to have a positive impact on the market during the projection period. Elastic soy derivatives are increasingly used to produce high-cost agricultural plastics because they exhibit properties such as good elasticity, good surface quality, and excellent corrosion resistance.

The increase in demand for bioplastics due to the tendency of chemical manufacturers to choose raw materials from nature is expected to have a positive impact on the market during the outlook period. Increased demand for other sugar derivatives, such as sucrose for biomass and bioplastics production, is likely to hamper the growth of the soy derivatives market in the next seven years. Low toxicity, high flash point and low VOC emissions are the main properties of soy derivatives and are anticipated to facilitate the manufacture of cleaning solvents. In the construction and automotive industry, the growing demand for increased carbon demand for green coatings is expected to accelerate the market for soy derivatives in the near future.

Restraints:

Making sugar cane and wood pulp readily available in industrial applications for bioplastics and biogas production will limit market growth to some extent worldwide. Besides, some of the main challenges in this sector are the presence of numerous products in the market, such as tofu, textured vegetable protein (TVP) and seitan. Lecithin is the main reason that causes a soy allergy.

Soybean Derivatives Market Segmentation Analysis:

By Type:

  • Soy Oil
    • Refined Oil
    • Lecithin
    • Others (Gums, Chemicals)
  • Soybean
  • Soy Meal
    • Soy Milk
    • Soy Protein Concentrate
  • Others 

By Application:

  • Feed
    • Poultry Feed
    • Swine Feed
    • Ruminants
    • Aquafeed
  • Food
    • Protein
    • Fat
    • Fiber
  • Other Industrial Applications      

By Lecithin Processing:

  • Water        
  • Acid            
  • Enzyme

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

Asia Pacific is expected to be one of the largest markets during the forecast period. Due to the increase in domestic consumption, the positive prospects for the food and beverage sector in China and India are supposed to be a favorable factor for the soy derivatives market shortly. As a result, the regulatory propensity to promote growth in the bioplastics industry in the Asia Pacific region is foreseen to drive market demand in the near future. As the tariff rate is low, and the need for food increases, the increase in imports of soy derivatives in Europe is presumed to have a positive impact on the market during the forecast period. The implementation of the Soy 20/20 project in Canada has demonstrated partnerships between governments, academic institutions, and soybean manufacturers, which are anticipated to open up new market opportunities during the forecast period. In light of government support, the increasing availability of soybean crops in Brazil, along with the growth in biodiesel application, is expected to promote manufacturers to keep production units close. North America follows the same trend with high demand for soy derivatives. The Middle East is a significant contributor to soy derivatives. It shows tremendous growth opportunities in the near future. Furthermore, the leading conglomerates are in high demand to invest in the global soy derivatives market.

Key Players in the Market:

Major Key Players in the Global Soybean Derivatives Market are

  • Du Pont Nutrition and Health                             
  • Ruchi Soya Industries Limited                             
  • AG Processing Inc.                   
  • CHS Inc.                        
  • Noble Group Ltd.                     
  • Wilmar International Limited                              
  • Cargill, Incorporated                               
  • Louis Dreyfus Commodities B.V.                       
  • Archer Daniels Midland and Company                            
  • Bunge Ltd          

 

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Processing                  

                                5.1.1 Introduction           

                                5.1.2 Water        

                                5.1.3 Acid            

                                5.1.4 Enzyme    

                                5.1.5  Y-o-Y Growth Analysis, By Processing         

                                5.1.6  Market Attractiveness Analysis, By Processing       

                                5.1.7  Market Share Analysis, By Processing        

                5.2 Type                              

                                5.2.1 Introduction           

                                5.2.2 Soy Oil       

                                                5.2.2.1 Refined Oil

                                                5.2.2.2 Lecithin

                                                5.2.2.3 Others (Gums, Chemicals)

                                5.2.3 Soybean   

                                5.2.4 Soy Meal  

                                                5.2.4.1 Soy Milk

                                                5.2.4.2 Soy Protein Concentrate

                                5.2.5 Others      

                                5.2.6 Y-o-Y Growth Analysis, By Type     

                                5.2.7 Market Attractiveness Analysis, By Type   

                                5.2.8 Market Share Analysis, By Type     

                5.3 Application                 

                                5.3.1 Introduction           

                                5.3.2 Feed          

                                                5.3.2.1 Poultry Feed

                                                5.3.2.2 Swine Feed

                                                5.3.2.3 Ruminants

                                                5.3.2.4 Aquafeed

                                5.3.3 Food          

                                                5.3.3.1 Protein

                                                5.3.3.2 Fat

                                                5.3.3.3 Fiber

                                5.3.4 Other Industrial Applications           

                                5.3.5 Y-o-Y Growth Analysis, By Application         

                                5.3.6  Market Attractiveness Analysis, By Application      

                                5.3.7  Market Share Analysis, By Application       

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Processing

                                                6.1.3.3 By Type

                                                6.1.3.4 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Processing

                                                6.1.4.3 By Type

                                                6.1.4.4 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Processing

                                                6.1.5.3 By Type

                                                6.1.5.4 By Application

                6.2 North America                          

                                6.1.1 Introduction           

                                6.1.2 United States         

                                6.1.3 Canada     

                6.3 Europe                         

                                6.2.1 Introduction           

                                6.2.2 U.K             

                                6.2.3 Spain         

                                6.2.4 Germany 

                                6.2.5 Italy            

                                6.2.6 France       

                6.4 Asia-Pacific                 

                                6.3.1 Introduction           

                                6.3.2 China         

                                6.3.3 India          

                                6.3.4 Japan         

                                6.3.5 Australia   

                                6.3.6 South Korea           

                6.5 Latin America                             

                                6.4.1 Introduction           

                                6.4.2 Brazil          

                                6.4.3 Argentina

                                6.4.4 Mexico     

                                6.4.5 Rest of Latin America          

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8.Market Leaders' Analysis                                         

                8.1 Du Pont Nutrition and Health                             

                                8.1.1 Overview 

                                8.1.2 Processing Analysis             

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Ruchi Soya Industries Limited                             

                8.3 AG Processing Inc.                   

                8.4 CHS Inc.                        

                8.5 Noble Group Ltd.                     

                8.6 Wilmar International Limited                              

                8.7 Cargill, Incorporated                               

                8.8 Louis Dreyfus Commodities B.V.                       

                8.9 Archer Daniels Midland and Company                            

                8.10 Bunge Ltd                 

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10.Market Outlook and Investment Opportunities                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  1. Global Soybean Derivatives Market By Region, From 2022 - 2027 ( USD Billion )
  2. Global Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  3. Global Feed Market By Region, From 2022 - 2027 ( USD Billion )
  4. Global Food Market By Region, From 2022 - 2027 ( USD Billion )
  5. Global Others  Market By Region, From 2022 - 2027 ( USD Billion )
  6. Global Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  7. Global Water Market By Region, From 2022 - 2027 ( USD Billion )
  8. Global Acid Market By Region, From 2022 - 2027 ( USD Billion )
  9. Global Enzyme Market By Region, From 2022 - 2027 ( USD Billion )
  10. Global Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )
  11. Global Soybean Market By Region, From 2022 - 2027 ( USD Billion )
  12. Global Soy meal Market By Region, From 2022 - 2027 ( USD Billion )
  13. Global Soy oil Market By Region, From 2022 - 2027 ( USD Billion )
  14. North America Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  15. North America Feed Market By Region, From 2022 - 2027 ( USD Billion )
  16. North America Food Market By Region, From 2022 - 2027 ( USD Billion )
  17. North America Others  Market By Region, From 2022 - 2027 ( USD Billion )
  18. North America Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  19. North America Water Market By Region, From 2022 - 2027 ( USD Billion )
  20. North America Acid Market By Region, From 2022 - 2027 ( USD Billion )
  21. North America Enzyme Market By Region, From 2022 - 2027 ( USD Billion )
  22. North America Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )
  23. North America Soybean Market By Region, From 2022 - 2027 ( USD Billion )
  24. North America Soy meal Market By Region, From 2022 - 2027 ( USD Billion )
  25. North America Soy oil Market By Region, From 2022 - 2027 ( USD Billion )
  26. United States Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  27. United States Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  28. United States Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )
  29. Canada Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  30. Canada Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  31. Canada Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )
  32. Europe Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  33. Europe Feed Market By Region, From 2022 - 2027 ( USD Billion )
  34. Europe Food Market By Region, From 2022 - 2027 ( USD Billion )
  35. Europe Others  Market By Region, From 2022 - 2027 ( USD Billion )
  36. Europe Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  37. Europe Water Market By Region, From 2022 - 2027 ( USD Billion )
  38. Europe Acid Market By Region, From 2022 - 2027 ( USD Billion )
  39. Europe Enzyme Market By Region, From 2022 - 2027 ( USD Billion )
  40. Europe Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )
  41. Europe Soybean Market By Region, From 2022 - 2027 ( USD Billion )
  42. Europe Soy meal Market By Region, From 2022 - 2027 ( USD Billion )
  43. Europe Soy oil Market By Region, From 2022 - 2027 ( USD Billion )
  44. U.K. Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  45. U.K. Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  46. U.K. Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )
  47. Germany Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  48. Germany Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  49. Germany Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )
  50. France Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  51. France Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  52. France Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )
  53. Italy Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  54. Italy Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  55. Italy Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )
  56. Spain Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  57. Spain Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  58. Spain Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )
  59. Asia-Pacific Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  60. Asia-Pacific Feed Market By Region, From 2022 - 2027 ( USD Billion )
  61. Asia-Pacific Food Market By Region, From 2022 - 2027 ( USD Billion )
  62. Asia-Pacific Others  Market By Region, From 2022 - 2027 ( USD Billion )
  63. Asia-Pacific Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  64. Asia-Pacific Water Market By Region, From 2022 - 2027 ( USD Billion )
  65. Asia-Pacific Acid Market By Region, From 2022 - 2027 ( USD Billion )
  66. Asia-Pacific Enzyme Market By Region, From 2022 - 2027 ( USD Billion )
  67. Asia-Pacific Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )
  68. Asia-Pacific Soybean Market By Region, From 2022 - 2027 ( USD Billion )
  69. Asia-Pacific Soy meal Market By Region, From 2022 - 2027 ( USD Billion )
  70. Asia-Pacific Soy oil Market By Region, From 2022 - 2027 ( USD Billion )
  71. Japan Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  72. Japan Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  73. Japan Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )
  74. China Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  75. China Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  76. China Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )
  77. India Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  78. India Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  79. India Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )
  80. Australia Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  81. Australia Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  82. Australia Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )
  83. South Korea Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  84. South Korea Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  85. South Korea Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )
  86. Latin America Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  87. Latin America Feed Market By Region, From 2022 - 2027 ( USD Billion )
  88. Latin America Food Market By Region, From 2022 - 2027 ( USD Billion )
  89. Latin America Others  Market By Region, From 2022 - 2027 ( USD Billion )
  90. Latin America Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  91. Latin America Water Market By Region, From 2022 - 2027 ( USD Billion )
  92. Latin America Acid Market By Region, From 2022 - 2027 ( USD Billion )
  93. Latin America Enzyme Market By Region, From 2022 - 2027 ( USD Billion )
  94. Latin America Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )
  95. Latin America Soybean Market By Region, From 2022 - 2027 ( USD Billion )
  96. Latin America Soy meal Market By Region, From 2022 - 2027 ( USD Billion )
  97. Latin America Soy oil Market By Region, From 2022 - 2027 ( USD Billion )
  98. Brazil Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  99. Brazil Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  100. Brazil Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )
  101. Argentina Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  102. Argentina Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  103. Argentina Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )
  104. Mexico Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  105. Mexico Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  106. Mexico Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )
  107. Rest of Latin America Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  108. Rest of Latin America Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  109. Rest of Latin America Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )
  110. Middle East & Africa Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  111. Middle East & Africa Feed Market By Region, From 2022 - 2027 ( USD Billion )
  112. Middle East & Africa Food Market By Region, From 2022 - 2027 ( USD Billion )
  113. Middle East & Africa Others  Market By Region, From 2022 - 2027 ( USD Billion )
  114. Middle East & Africa Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  115. Middle East & Africa Water Market By Region, From 2022 - 2027 ( USD Billion )
  116. Middle East & Africa Acid Market By Region, From 2022 - 2027 ( USD Billion )
  117. Middle East & Africa Enzyme Market By Region, From 2022 - 2027 ( USD Billion )
  118. Middle East & Africa Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )
  119. Middle East & Africa Soybean Market By Region, From 2022 - 2027 ( USD Billion )
  120. Middle East & Africa Soy meal Market By Region, From 2022 - 2027 ( USD Billion )
  121. Middle East & Africa Soy oil Market By Region, From 2022 - 2027 ( USD Billion )
  122. Middle East Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  123. Middle East Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  124. Middle East Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )
  125. Africa Soybean Derivatives Market By Application, From 2022 - 2027 ( USD Billion )
  126. Africa Soybean Derivatives Market By Lecithin processing, From 2022 - 2027 ( USD Billion )
  127. Africa Soybean Derivatives Market By Type, From 2022 - 2027 ( USD Billion )

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FAQ's

What is the Soybean Derivatives Market growth rate?

The Soybean Derivatives Market is expected to increase at an annual rate of 8% from US$ 180.3 in 2021 to US$ 265.54 in 2027.

What exactly are soy derivatives?

Ingredients obtained from soybeans through crushing, drying, or other processing procedures are known as soybean derivatives. Soy oil, soy milk, soy meal, and other soybean derivatives are segmented in the global market. The market is divided into three categories: food and beverages, feed, and others.

What are the segments under which Soybean Derivatives Market divided?

Soybean Derivatives Market is segmented on the bases of Type, Application, Lecithin Processing and Geography.

Which region has the fastest growing market for soybean derivatives?

Over the period 2022-2027, Asia-Pacific market for soybean derivatives is expected to develop at the fastest rate.

What are the market Drivers for Soybean Derivatives Market?

The following are the growth reasons for the Soybean Derivatives Market:

  • Soybeans are in more demand in the food industry.
  • Plant-based protein shakes and vegan diet items are becoming more popular.
  • Increased health awareness among people in growing countries such as China, India, and Brazil have resulted in increased demand for meat and animal derivatives.
  • As demand for soybean meal as a feed for poultry, pigs, and other livestock rises, soy oil output rises.

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