Soybean Derivatives Market

Soybean Derivatives Market

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Anuradha

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Anuradha B. More

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Aman Singh

The global soybean derivatives market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the rising economy coupled with increasing disposable income. Moreover, the growing adoption of soybean derivatives in the food & beverages industry and industrial applications is driving the market growth.

Soybean or soya bean is a species of legume native to East Asia, widely grown for its edible bean. Soybeans are used to produce various food products such as soy milk, from which tofu is made, an alternative for the vegan population for cottage cheese.

Global Soybean Derivatives Market Outlook

Soybeans can reduce the risk of a range of health problems, including cardiovascular diseases such as stroke, coronary heart disease (CHD), and some cancers, and can improve bone health. Soya chunks are made from defatted soy flour, a by-product of extracted soybean oil. It has a protein content, which is equivalent to the same quantity of meat. It is quick and easy to cook. Soybean seed treatment is an important factor to increase seed germination, crop establishment, and early-season vigor which ultimately aids in improving yields at harvesting. One can prepare many dishes using soya chunks, such as soya chunks curry, and kurma, and can add them to soups and stir-fries.

Soybeans are high in protein and a decent source of both carbs and fat. They are a rich source of various vitamins, minerals, and beneficial plant compounds, such as isoflavones. Regular soybean intake may alleviate the symptoms of menopause and reduce the risk of prostate and breast cancer.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising demand for high-protein food is one of the major drivers that is contributing to the growth of the global soybean derivatives market.
  • Increasing inclination toward a health-conscious diet is expected to augment the market growth.
  •  Allergies due to soybean derivatives can hinder market growth.
  • The outbreak of COVID-19 has negatively impacted the soybean derivatives market. However, the market is anticipated to recover soon.
  • Growing awareness about its benefits, the rising use of soybean to replace various milk-based products, and an increasing number of lactose intolerant people are expected to create opportunities for industry players during the forecast period.

Scope of the Soybean Derivatives Market Report

The report on the global soybean derivatives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Soybean Derivatives Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Soy oil, Soy milk, Soy meal, and Others) and Applications (Food and Beverages, Feed, and Others)

Regional scope

North America, Latin America, Europe, Asia Pacific and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Cargill, Incorporated, Archer Daniels Midland Company, CHS Inc., Bunge Limited, and Louis Dreyfus Company B.V.

Soybean Derivatives Market Segment Insights

Soy oil segment to grow at a rapid pace

Based on types, the market is divided into soy oil, soy milk, soy meal, and others. The soy oil segment is anticipated to account for a key share and is expected to grow at a steady rate during the forecast period. Growing awareness among consumers regarding its health benefits such as reduction in obesity level and blood sugar levels and its wide application in various food products such as baked goods and snacks is driving the segment growth. However, the soy milk segment is expected to grow at a steady rate owing to the increasing number of lactose intolerant people across the globe.

Soybean Derivatives Market By Types

Food & Beverages segment to account for a major market share

Based on applications, the market is divided into food & beverages, feed, and others. The food & beverages segment is anticipated to account for a major share due to rising demand for soy-based food products in breakfast or meals owing to their nutritional benefits. On the other hand, the feed segment is expected to grow at a substantial rate in the coming years.

Asia Pacific to account for a considerable market share

On the basis of regions, the market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is expected to hold a considerable market share owing to the rising consumption of soy meal and soy milk in India and China. Conversely, the market in North America is expected to grow at a healthy rate owing to the increasing number of people adopting a vegan diets.

Global Soybean Derivatives Market Regions

Segments

The global soybean derivatives market has been segmented on the basis of

Types

  • Soy oil
  • Soy milk
  • Soy meal
  • Others

Applications

  • Food and Beverages
  • Feed
  • Others

Key Players

  • Cargill
  • Incorporated
  • Archer Daniels Midland Company
  • CHS Inc.
  • Bunge Limited
  • Louis Dreyfus Company B.V.

Competitive Landscape

The major players of the market are Cargill, Incorporated, Archer Daniels Midland Company, CHS Inc., Bunge Limited, and Louis Dreyfus Company B.V.

Companies are focusing on innovation, expansion, and acquisitions to expand their market share.

Global Soybean Derivatives Market Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Soybean Derivatives Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Soybean Derivatives Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Soybean Derivatives Market - Supply Chain
  4.5. Global Soybean Derivatives Market Forecast
     4.5.1. Soybean Derivatives Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Soybean Derivatives Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Soybean Derivatives Market Absolute $ Opportunity
5. Global Soybean Derivatives Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Soybean Derivatives Market Size and Volume Forecast by Types
     5.3.1. Soy oil
     5.3.2. Soy milk
     5.3.3. Soy meal
     5.3.4. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Soybean Derivatives Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Soybean Derivatives Market Size and Volume Forecast by Applications
     6.3.1. Food and Beverages
     6.3.2. Feed
     6.3.3. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Soybean Derivatives Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Soybean Derivatives Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Soybean Derivatives Demand Share Forecast, 2019-2026
8. North America Soybean Derivatives Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Soybean Derivatives Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Soybean Derivatives Market Size and Volume Forecast by Types
     8.4.1. Soy oil
     8.4.2. Soy milk
     8.4.3. Soy meal
     8.4.4. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Soybean Derivatives Market Size and Volume Forecast by Applications
     8.7.1. Food and Beverages
     8.7.2. Feed
     8.7.3. Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Soybean Derivatives Demand Share Forecast, 2019-2026
9. Latin America Soybean Derivatives Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Soybean Derivatives Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Soybean Derivatives Market Size and Volume Forecast by Types
     9.4.1. Soy oil
     9.4.2. Soy milk
     9.4.3. Soy meal
     9.4.4. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Soybean Derivatives Market Size and Volume Forecast by Applications
     9.7.1. Food and Beverages
     9.7.2. Feed
     9.7.3. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Soybean Derivatives Demand Share Forecast, 2019-2026
10. Europe Soybean Derivatives Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Soybean Derivatives Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Soybean Derivatives Market Size and Volume Forecast by Types
     10.4.1. Soy oil
     10.4.2. Soy milk
     10.4.3. Soy meal
     10.4.4. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Soybean Derivatives Market Size and Volume Forecast by Applications
     10.7.1. Food and Beverages
     10.7.2. Feed
     10.7.3. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Soybean Derivatives Demand Share Forecast, 2019-2026
11. Asia Pacific Soybean Derivatives Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Soybean Derivatives Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Soybean Derivatives Market Size and Volume Forecast by Types
     11.4.1. Soy oil
     11.4.2. Soy milk
     11.4.3. Soy meal
     11.4.4. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Soybean Derivatives Market Size and Volume Forecast by Applications
     11.7.1. Food and Beverages
     11.7.2. Feed
     11.7.3. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Soybean Derivatives Demand Share Forecast, 2019-2026
12. Middle East & Africa Soybean Derivatives Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Soybean Derivatives Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Soybean Derivatives Market Size and Volume Forecast by Types
     12.4.1. Soy oil
     12.4.2. Soy milk
     12.4.3. Soy meal
     12.4.4. Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Soybean Derivatives Market Size and Volume Forecast by Applications
     12.7.1. Food and Beverages
     12.7.2. Feed
     12.7.3. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Soybean Derivatives Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Soybean Derivatives Market: Market Share Analysis
  13.2. Soybean Derivatives Distributors and Customers
  13.3. Soybean Derivatives Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Cargill
     13.4.2. Incorporated
     13.4.3. Archer Daniels Midland Company
     13.4.4. CHS Inc.
     13.4.5. Bunge Limited
     13.4.6. Louis Dreyfus Company B.V.

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