The global soybean derivatives market is anticipated to grow at a significant CAGR of 4.9% during the forecast period. The rising demand among people for high protein food is driving the soybean derivatives market. People prefer to include high protein food such as soy milk, soy chunks, soy nuts, and many more in their daily diet owing to its benefits, this is motivating manufacturers to come up with new products made up of soybean derivatives. For instance, in February 2022, Benson Hill, Inc. launched TruVail, a new line of non-GMO plant-based protein ingredients. The TruVail offers high protein soy flour, a less processed equivalent to soy protein concentrate (SPC), and texturized proteins for application in traditional soy protein. In addition, the use of soybean products in animal feeding as it contains a high concentration of essential amino acids is the another prominent factor accelerating the market growth.
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During COVID-19 people were shifting toward a healthy lifestyle and to boost immunity due to which the demand for healthy protein items has been increased. This shift towards the healthy diet leads to increase the soybean derivatives market but during COVID-19 all the offline distribution channels were closed and only limited online delivery were in action due to which the product availability was less.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Soybean Derivatives Market by Type
- Soy Oil
- Soybean
- Soy Meal
- Others
Global Soybean Derivatives Market by Application
- Feed & Food Industry
- Bio Composites
- Biodiesel
- Insulation
- Others
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Ag Processing Inc a cooperative
- Archer Daniels Midland Company
- Bunge LTD.
- Cargill, Inc.
- CHS Inc.
- Hershey India Pvt. Ltd.
- International Flavors & Fragrances Inc.
- Louis Dreyfus Company
- Noble Group Holdings Ltd.
- Prakash Foods and Feed Mills (P) Ltd.,
- Rollins International Pvt. Ltd. (Purefoods)
- Ruchi Soya Industries Ltd.
- Sanitarium Healthfood Company
- TBOF Foods Pvt. Ltd.
- Istore Direct Trading Pvt. Ltd. (Urban Platter)
- Wilmar International Ltd
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global soybean derivatives market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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