Soy Derivatives Market Research Report – Forecast till 2027

Soy Derivatives Market Research Report: Information by Type (Soy Oil, Soy Meal, Soy Protein, Soy Lecithin, Soy Milk), Category, Application (Food & Beverage, Animal Feed, Pharmaceuticals & Nutraceuticals, Personal Care), & Region - Forecast till 2027

ID: MRFR/F-B & N/6121-HCR | February 2023 | Region: Global | 90 Pages         

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Soy Derivatives Market

The soy derivatives market is projected to grow from $216.42 Billion in 2021 to $344.08 billion in 2028 at a CAGR of 6.11% in the forecast period 2021-2028.

Segmentation
By Type Soy Oil Soy Meal Soy Protein Soy Lecithin Soy Milk
By Application Food & Beverage Animal Feed Pharmaceuticals & Nutraceuticals Personal Care
By Category Conventional Organic
Key Players
Companies Profiled   Cargill Inc.    CHS Inc.    Ruchi Soya Industries Ltd    Dupont Nutrition and Health    Noble Group Ltd    Wilmar International Ltd    Archer Daniels Midland Company    Bunge Ltd    Louis Dreyfus Company BV    AG Processing Inc.
Drivers
Market Driving Forces   High demand for animal feed    Increasing awareness among consumer about health
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Soy Derivatives Market Synopsis


Soy derivatives are processed from raw soybeans and include soy oil, soy meal, soy protein, and soy milk. Soy derivatives are used in various industries including food & beverage, animal feed, and personal care. The functional benefits of soybeans have led to a surge in the consumption of soy derivatives. Additionally, the increasing risk of obesity and other health concerns is propelling consumers to shift from animal proteins to plant proteins, which, in turn, is fuelling the demand for soy derivatives market. The increasing prevalence of diseases among animals has led farmers to become more conscious of their choice of animal feed and thus has resulted in the high demand for protein-rich soy derivative products in the feed industry.


However, the rising incidences of soy lecithin allergies are expected to restrain the growth of the market to an extent. Moreover, ethical and legal concerns regarding the consumption of genetically modified soybeans and their derivatives are also hampering the growth of the market. However, the surging demand for soy derivatives in developing nations is expected to lead to lucrative opportunities for market players during the forecast period.


Segmentation


Soy Derivatives Market has been segmented based on type, category, application, and region.


By type, the market has been segmented into soy oil, soy meal, soy protein, soy lecithin, soy milk, and others. The soy protein segment has further been divided into soy flour, soy protein isolates, and soy protein concentrates.


The global soy derivatives industry has been classified, on the basis of category, as conventional and organic.


The application segments of the global market are food & beverage, animal feed, pharmaceuticals and nutraceuticals, personal care, and others. The food & beverage segment has further been categorized as bakery and confectionery, RTE and RTC food, beverages, and others.


The global soy derivatives market has also been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American soy derivatives market has further been segmented into the US, Canada, and Mexico.


The European soy derivatives market has been classified as Germany, France, Italy, the UK, Spain, and the rest of Europe. 


The soy derivatives industry in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The soy derivatives industry in the rest of the world has been segmented into South America, the Middle East, and Africa.


Regional Market Summary


Global Soy Derivatives Market Share (%), by Region, 2018


Soy Derivatives Market


Source: Secondary Sources and MRFR Analysis


Increasing health-consciousness in the developing countries in Asia-Pacific, Africa, and the Middle East is expected to drive the growth of the soy derivatives market in these regions. North America and Europe are the major markets for soy derivatives owing to the rising trend of veganism and shifting preference for plant-based products.


Global Market, by Type



  • Soy Oil

  • Soy Meal

  • Soy Protein


    • Soy Flour

    • Soy Protein Isolates

    • Soy Protein Concentrates


  • Soy Lecithin

  • Soy Milk

  • Others


Global Market, by Category



  • Conventional

  • Organic


Global Market, by Application



  • Food & Beverage


    • Bakery and Confectionery

    • RTE and RTC Food

    • Beverages

    • Others


  • Animal Feed

  • Pharmaceuticals and Nutraceuticals

  • Personal Care

  • Others


Global Market, by Region



  • North America




    • US

    • Canada

    • Mexico




  • Europe




    • Germany

    • France

    • UK

    • Spain

    • Italy

    • Rest of Europe




  • Asia-Pacific




    • China

    • India

    • Japan

    • Australia and New Zealand

    • Rest of Asia-Pacific




  • Rest of the World (RoW)




    • South America

    • Middle East

    • Africa



Key Players in the Global Market



  • Cargill Inc.

  • CHS Inc.

  • Ruchi Soya Industries Ltd

  • Dupont Nutrition and Health

  • Noble Group Ltd

  • Wilmar International Ltd

  • Archer Daniels Midland Company

  • Bunge Ltd

  • Louis Dreyfus Company BV

  • AG Processing Inc.


Intended Audience



  • Food and Beverage Processors

  • Soy Processing Industries

  • Nutraceuticals Manufacturers

  • Personal Care Product Manufacturers

  • Retailers and Wholesalers

  • Traders, Exporters, and Importers



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