Soy Derivatives Market: Segmented by Type (Soybean, Soy meal and Soy oil); By Application (Feed, Food and Other); and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030
[175+ Pages Research Report] Global Soy Derivatives Market to surpass USD 394.73 billion by 2030 from USD 194.95 billion in 2020 at a CAGR of 8.7 % in the coming years, i.e., 2021-30. The primary use of soy derivatives in the food and beverage industry is driving the global soy derivatives market, owing to increased protein consumption.
Product Overview
The soybean crop is undeniably important on a global scale, both economically and socially. Soybean is an oilseed that contains a variety of nutrients such as protein, carbohydrates, vitamins, and minerals. Soybean derivatives are derived from the extraction of soybean seeds and other byproducts. Soybean is a widely used oilseed that accounts for more than half of the world's supply of oilseeds and is a major source of oil. For vegetarians and vegans, soybean derivatives are the safest dietary supplements and foods. Protein, nutrition, healthy fats, and a variety of other ingredients abound in soybean derivatives. Because of the rising prevalence of animal diseases, farmers are becoming more aware of the animal feed they use, resulting in a high demand for protein-rich soy derivative products in the feed industry.
Market Highlights
Global Soy Derivatives market is expected to project a notable CAGR of 8.7% in 2030.
Baked goods, sauces, bread, mayonnaise, and potato chips are all made with soy derivatives. The leftover fibers from soybean oil extraction are roasted and used as feed for farms, cattle, pigs, and pets. During the forecast era, the growth of the animal feed industry is expected to stimulate business growth as meat production and demand for animal protein products rise.
Global Soy Derivatives Market: Segments
Soy oil segment to grow with the highest CAGR during 2020-30
Global Soy Derivatives market is segmented by type into Soybean, Soy meal, and Soy oil. Soy oil segment held the largest market share in the year 2020 owing to consumer awareness of its health benefits, such as the reduction of obesity and blood sugar levels, and its widespread use in various food items, such as baked goods and snacks. Additionally, increased imports and developments in this field have fuelled market expansion.
Food segment to grow with the highest CAGR during 2020-30
Global Soy Derivatives market is divided by raw material into Feed, Food and Other. Over the forecast period, the food segment is projected to expand at the fastest pace. The segment is expected to grow as a result of increased protein consumption and the easy availability of low-cost, high-quality protein, an increase in the number of people who prefer processed foods, and increased investment in expanding oilseed crushing capacity. During the forecast period, the segment is expected to rise due to rising demand for lecithin and growing applications of soy food in developing economies.
Market Dynamics
Drivers
High Usage in the Food and Beverages Industry
Because of rising protein intake, the global soybean derivatives market is fueled by the widespread use of soybean derivatives in the food and beverage industry. Salad dressings, baked goods, sauces, breads, mayonnaise, and potato chips are all made of soybean derivatives. Over the forecast period, the growth of the food and beverage industries in China, India, and the Middle East is expected to benefit the sector. The residual fiber from the extraction of soybean oil is toasted and used to make feed for aquaculture, cattle, swine, and pets. Over the forecast period, consumer demand is expected to be fueled by increased meat production and rising demand for animal protein products in the animal feed industry.
Demand for Naturally Derived Goods and Environmental Concern
Additionally, paints, coatings, bioplastics, and biodiesels are all made with soybean derivatives. The demand for naturally derived goods has grown as environmental concern about reducing GHG emissions has grown. The European Commission and the Environmental Protection Agency (EPA) have drafted a slew of regulations aimed at encouraging biodiesel use and development. Over the forecast period, this trend is expected to boost market demand as a raw material for biodiesel production.
Restraint
Allergies Related to Soy and Legal Questions About Its Use
The rising prevalence of soy lecithin allergies is expected to limit market growth to some degree. Furthermore, ethical and legal questions about the use of genetically modified soybeans and derivatives are impeding market development.
Global Soy Derivatives Market: Key Players
CHS Inc.
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
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.
Other Prominent Players
Global Soy Derivatives Market: Regions
Global Soy Derivatives market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East, and Africa. Global Soy Derivatives in APAC held the largest market share in the year 2020 because of the rising demand for soybean derivatives and the growing use of soybean products in the area. North America, on the other hand, is expected to outperform all other regions by clocking the highest CAGR from 2020 to 2030, owing to abundant soy crops and rising demand for soybean derivatives from the food and beverage industry in the area.
Global Soy Derivatives Market is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil,, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey,, and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia,, and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa,, and Rest of MENA
Global Soy Derivatives Market report also contains analysis on:
Soy Derivatives Market Segments:
By Type
Soybean
Soy meal
Soy oil
By Application
Feed
Food
Other
Soy Derivatives Market Dynamics
Soy Derivatives Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Value Chain of the Market
Market Drivers and Restraints
Soy Derivatives Market Report Scope and Segmentation
Frequently Asked Questions
How big is the Soy Derivatives market
What is the Soy Derivatives market growth
Which segment accounted for the largest Soy Derivatives market share
Who are the key players in the Soy Derivatives market
What are the factors driving the Soy Derivatives market
Contents
1. Executive Summary
2. Global Soy Derivatives Market
1. Product Overview
2. Market Definition
3. Segmentation
4. Assumptions and Acronyms
3. Research Methodology
1. Research Objectives
2. Primary Research
3. Secondary Research
4. Forecast Model
5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
1. Growth Drivers
2. Restraints
3. Opportunity
4. Trends
7. Correlation & Regression Analysis
1. Correlation Matrix
2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
1. Demand Risk Analysis
2. Supply Risk Analysis
10. Global Soy Derivatives Market Analysis
1. Porters Five Forces
1. Threat of New Entrants
2. Bargaining Power of Suppliers
3. Threat of Substitutes
4. Rivalry
2. PEST Analysis
1. Political
2. Economic
3. Social
4. Technological
11. Global Soy Derivatives Market
1. Market Size & forecast, 2020A-2030F
1. By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Volume (Billion Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
12. Global Soy Derivatives Market: Market Segmentation
1. By Regions
1. North America:(U.S. and Canada), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. By Type: Market Share (2020-2030F)
1. Soybean, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Soy meal, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Soy oil, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. By Application : Market Share (2020-2030F)
1. Feed, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
2. Food, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
3. Other, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F
Company Profile
1. CHS Inc.
1. Company Overview
2. Company Total Revenue (Financials)
3. Market Potential
4. Global Presence
5. Key Performance Indicators
6. SWOT Analysis
7. Product Launch
2. Ruchi Soya Industries Ltd
3. Dupont Nutrition and Health
4. Noble Group Ltd
5. Wilmar International Ltd
6. Archer Daniels Midland Company
7. Bunge Ltd
8. Louis Dreyfus Company BV
9. AG Processing Inc.
10. Other Prominent Players
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
| Historical Data (2015-2019) |
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| Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
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