Global Soybean Derivatives Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

The Soybean Derivatives Market report offers in-depth insights, revenue details, and other vital information regarding the global soybean derivatives market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2031.

The Soybean Derivatives Market report offers insightful and detailed information regarding the various key players operating in the global soybean derivatives market, their financials, supply chain trends, technological innovations, and key developments, apart from future strategies, and acquisitions & mergers, and market footprint.

The global soybean derivatives market report has been segmented on the basis of type, application, and region.

Soybean Derivatives Market Overview:

“The Soybean Derivatives Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.

Soybean commonly known as Glycine max is a species of legume mainly produced in East Asia. Soybean is widely grown for its edible bean which has a number of end uses.

Also, fat-free (defatted) soybean meal is considered a cheap source of protein for animal feeds and also for packaged meals. The soybeans contain significant amounts of phytic acid, minerals, and vitamins.

Soy vegetable oil is primarily used in food and industrial applications. Soybeans are the fourth leading crop produced globally by volume. Moreover, soybean and its derivatives are used in food and in various industrial applications.

Increasing the use of soybean derivatives in the food & beverages industry is a key factor driving the growth of the global soybean derivatives market.

In addition, the increasing adoption of processed soybean derivatives for baked goods, salad dressing, and mayonnaise is another major factor anticipated to fuel the growth of the global soybean derivatives market to a significant extent.

Also, soybean derivatives are used in the production of high viscosity index lubricants, and rising demand for soybean derivatives from the animal feed industry, and for the production of bio-composites are other factors expected to aid in the growth of the global soybean derivatives market over the forecast period.

However, the low shelf life of soybean derivatives and the high presence of unsaturated fatty acids in soybeans that are harmful to individual health are major factors restraining the growth of the global soybean derivatives market.

In addition, the availability of substitutes for soybean derivatives such as bagasse, and wood pulp is another factor expected to hamper the growth of the global soybean derivative market over the forecast period.

The Asia Pacific is expected to dominate the global soybean derivatives market and is expected to account for the highest market share in terms of revenue owing to factors such as increasing demand for soybean derivatives, and increasing use of soybean products in countries in the region.

The market in North America is expected to account for the second-highest revenue share contribution in the global soybean derivatives market followed by markets in Europe, Latin America, and the Middle East & Africa respectively.

This can be attributed to the abundant availability of soy crops, and rising demand from the food & beverages industry for soybean derivatives in countries in the region.

Global Soybean Derivatives Market Segmentation:

Global soybean derivatives market segmentation by type:

• Soybean
• Soy meal (soy milk and soy protein concentrate)
• Soy oil (soy lecithin)

Global soybean derivatives market segmentation by application:

• Food & beverages
• Animal feed
• Other (biodiesel, soy-based wood adhesives, soy ink, soy crayons, soy-based lubricants)

Global soybean derivatives market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa