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Soybean Derivatives Market Size, Industry Analysis Report By Type (Soybean Oil, Soy Flour, Soy Nuts, Soy Meals, Soy Protein), By Application (Food Industry, Feed Industry, Biodiesel), By Lecithin (Acid, Enzymes, Water) & Region – Forecast

  • PUBLISHED ON
  • 14/11/2022
  • NO OF PAGES
  • 265
  • CATEGORY
  • Food & Beverages
Soybean Derivatives Market: Overview

The Soybean Derivatives Market size is estimated to reach $ 329.4 Billion by 2022. Furthermore, it is poised to grow at a CAGR of 6.9% over the forecast period. The importance of the soybean crop to the global economy and social structure cannot be denied. Protein, carbohydrates, vitamins, and minerals are among the many beneficial components found in soybeans, which are known as an oilseed. The extraction of soybean seeds and other soybeans by products results in soybean derivatives. One of the most common oilseeds in the world, soybean accounts for more than half of the supply of oilseeds and is a significant source of oil. For vegetarians and vegans, soybean derivatives make the greatest dietary foods and supplements.

Soybean Derivatives Market - Growth Factors
The market for soybean derivatives is predicted to increase extraordinarily between 2021 and 2031 as a result of the rising demand for high-protein diets. Because of their nutritional worth and health advantages, soy components are widely used. The market for soybean derivatives may also see new growth opportunities due to the growing awareness of the need of a nutritious diet. From soybean seeds, derivatives of soy are produced. They are brimming with vitamins, minerals, proteins, and carbs. As a result of their nutritious benefits, these compounds are widely employed in dietary supplements. Additionally, the market for soybean derivatives may experience a significant increase due to the growing need for these derivatives in end-use industries including food, beverage, animal feed, and others.

Soybean Derivatives Market – Market Trends
• The main factors driving the growth of the global market for soybean derivatives are the rising global population and urbanization.
• Major end-use industries expanding, as well as rising consumer desire for biodegradable and sustainable goods, are two other factors driving the growth of the worldwide soybean derivatives market.
• In the production of biodiesels, soybean derivatives are proving to be a sustainable alternative to petrochemicals.
• The Soybean Derivatives' probable end-use market in the near future will be biodiesel.
• The manufacture of oils for the automotive industry frequently uses soybean derivatives due to their high viscosity index and low level of harmfulness.

Soybean Derivatives Market – Segmentation
The Soybean Derivatives Market by Type is categorized into:
• Soybean Oil
• Soy Flour
• Soy Nuts
• Soy Meals
• Soy Protein
• Others

Soybean Derivatives by Application are classified into:
• Food Industry
• Feed Industry
• Biodiesel
• Others

Soybean Derivatives by lecithin are fragmented into:
• Acid
• Enzymes
• Water

Soybean Derivatives Market –Regional Analysis
Modest prospects for market expansion may result from evolving consumption habits and rising nutrition and protein source knowledge worldwide. Due to the region's extensive soybean output, North America is anticipated to contribute significantly to the market for soybean derivatives. Additionally, the market for soybean derivatives may experience explosive expansion due to consumer preferences for plant-based foods.

The Soybean Derivatives Market – Key Market players
The major players in the market are Cargill Inc, Bunge Limited, Louis Dreyfus Commodities, Archer Daniels Midland Company, and Wilmar International Company.

Report scope
Global Soybean Derivatives Market: Historical Years- 2018-2021
Global Soybean Derivatives Market: Forecast Years- 2022-2030
Global Soybean Derivatives Market 2022- USD 303.55 billion
Global Soybean Derivatives Market CAGR- 6.9%

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Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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