[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

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