Soybean Derivatives Market by Types (Soy Oil, Soy Milk, Soy Meal, and Others), Applications (Food and Beverages, Feed, and Others), and Regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
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 rising economy coupled with increasing disposable income. Moreover, growing adoption of soybean derivatives in 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 vegan population for cottage cheese.
Soybeans can reduce the risk of a range of health problems, including cardiovascular diseases such as stroke, coronary heart disease (CHD), 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 same quantity of meat. It is quick and easy to cook. One can prepare many dishes using soya chunks, such as soya chunks curry, kurma, and can add them to soups and stir fries.
Soybeans are high in protein and 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 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 health conscious diet is expected to augment the market growth.
- Allergies due to soybean derivatives can hinder the 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, rising use of soybean to replace various milk-based products, and increasing number of lactose intolerant people are expected to create opportunities for industry players during the forecast period.
Scope of the 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.
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Attributes |
Details |
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Report Title |
Soybean Derivatives Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Types (Soy oil, Soy milk, Soy meal, and Others) and Applications (Food and Beverages, Feed, and Others) |
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Regional scope |
North America, Latin America, Europe, Asia Pacific and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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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 level 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 increasing number of lactose intolerant people across the globe.
Food & Beverages segment to account 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 meal owing to its 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 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 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 increasing number of people adopting vegan diet.
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.
Segments Covered in the Report
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.
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.
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