Soybean Derivatives Market Developments by 2031
The Soybean Derivatives Market is expected to register a CAGR of 5.71% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Soybean Derivatives Market is categorized by type into the following subsegments: Oil, Milk, Soymeal, Lecithin, Tofu, Textured Soy Protein (TSP), Proteins, and Others. It further presents an analysis based on application, i.e., Bakery and Confectionery, Meat Substitutes, Dietary Supplements, Beverages, Sweet and Savory Snacks, and Others. The global analysis is broken down at the regional level and major countries. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Soybean Derivatives Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Soybean Derivatives Market Segmentation
Type- Oil
- Milk
- Soymeal
- Lecithin
- Tofu
- Textured Soy Protein
- Bakery and confectionery
- Meat Substitutes
- Dietary supplements
- Beverages
- Sweet and savory snacks
- Others
Strategic Insights
Soybean Derivatives Market Growth Drivers- Production at high scale for industry and food: The soybean derivatives consist of oil, lecithin, and flour. They are applied in a wide range of products, consisting of food items like edible oils and emulsifiers, animal feed, and industrial products including biodiesel and plastics.
- Vegetable oils demand: Soybean oil is the most-used culinary oil in the world since it is somewhat cheap and lacks flavor.
- Growing uses of biodiesels: Soy-based biodiesel is leading a tremendous pace in renewable energy with sustainability.
- Non-GMO and organic soy derivatives: Interest in applications for food products is growing, with consumers preferring derivatives from non-GMO or organic soybeans, especially when applied in the production of oils, lecithin, and flour.
- Sustainable production methods: For the food and industrial sectors, sustainable and ethical sourcing is something that is now at the forefront. This includes certified sustainable soy.
- Soy lecithin in clean-label food products: Soy lecithin is increasingly being applied in large scale as a natural emulsifier in clean-label food systems, primarily in confectionery and bakery applications.
- Biofuel increases: As there is more and more consideration for renewable energy, the requirement for alternative sources of soy-based biodiesel is increasing from year to year.
- Expanding Food & Beverage Innovation: Soybean derivatives must be used for new food and beverage innovation, such as functional beverages and healthy snacks.
- Industrial application: Soy derivatives are increasingly used for various industrial applications with the interest of sustainable production, which includes such items as biodegradable plastics, paints, and cosmetics.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Soybean Derivatives Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Soybean Derivatives Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The market is expected to register a CAGR of 5.71% during 2023–2031.
Drivers for the market are the usage of soy ingredients both in food and industrial applications, as well as consumer awareness regarding health benefits through increased soy use.
Key trends in the market include the further growth of food products made from soy, as well as innovation in soy derivatives for uses outside of foodstuffs, such as in the production of biodiesel and animal feed.
Top players in the Soybean Derivatives Market include: AG Processing Inc., Archer Daniels Midland and Company, Bunge Ltd., Cargill, Incorporated, CHS Inc., Du Pont Nutrition and Health, Louis Dreyfus Commodities B.V., Noble Group Ltd., Ruchi Soya Industries Limited, Wilmar International Limited,
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Soybean Derivatives Market - By Type
1.3.2 Soybean Derivatives Market - By Application
1.3.3 Soybean Derivatives Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SOYBEAN DERIVATIVES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
5. SOYBEAN DERIVATIVES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SOYBEAN DERIVATIVES MARKET - GLOBAL MARKET ANALYSIS
6.1. SOYBEAN DERIVATIVES - GLOBAL MARKET OVERVIEW
6.2. SOYBEAN DERIVATIVES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SOYBEAN DERIVATIVES MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. OIL
7.3.1. Overview
7.3.2. Oil Market Forecast and Analysis
7.4. MILK
7.4.1. Overview
7.4.2. Milk Market Forecast and Analysis
7.5. SOYMEAL
7.5.1. Overview
7.5.2. Soymeal Market Forecast and Analysis
7.6. LECITHIN
7.6.1. Overview
7.6.2. Lecithin Market Forecast and Analysis
7.7. TOFU
7.7.1. Overview
7.7.2. Tofu Market Forecast and Analysis
7.8. TEXTURED SOY PROTEIN (TSP)
7.8.1. Overview
7.8.2. Textured Soy Protein (TSP) Market Forecast and Analysis
7.9. PROTEINS
7.9.1. Overview
7.9.2. Proteins Market Forecast and Analysis
7.10. OTHERS
7.10.1. Overview
7.10.2. Others Market Forecast and Analysis
8. SOYBEAN DERIVATIVES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. BAKERY AND CONFECTIONERY
8.3.1. Overview
8.3.2. Bakery and confectionery Market Forecast and Analysis
8.4. MEAT SUBSTITUTES
8.4.1. Overview
8.4.2. Meat Substitutes Market Forecast and Analysis
8.5. DIETARY SUPPLEMENTS
8.5.1. Overview
8.5.2. Dietary supplements Market Forecast and Analysis
8.6. BEVERAGES
8.6.1. Overview
8.6.2. Beverages Market Forecast and Analysis
8.7. SWEET AND SAVORY SNACKS
8.7.1. Overview
8.7.2. Sweet and savory snacks Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis
9. SOYBEAN DERIVATIVES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Soybean Derivatives Market Overview
9.1.2 North America Soybean Derivatives Market Forecasts and Analysis
9.1.3 North America Soybean Derivatives Market Forecasts and Analysis - By Type
9.1.4 North America Soybean Derivatives Market Forecasts and Analysis - By Application
9.1.5 North America Soybean Derivatives Market Forecasts and Analysis - By Countries
9.1.5.1 United States Soybean Derivatives Market
9.1.5.1.1 United States Soybean Derivatives Market by Type
9.1.5.1.2 United States Soybean Derivatives Market by Application
9.1.5.2 Canada Soybean Derivatives Market
9.1.5.2.1 Canada Soybean Derivatives Market by Type
9.1.5.2.2 Canada Soybean Derivatives Market by Application
9.1.5.3 Mexico Soybean Derivatives Market
9.1.5.3.1 Mexico Soybean Derivatives Market by Type
9.1.5.3.2 Mexico Soybean Derivatives Market by Application
9.2. EUROPE
9.2.1 Europe Soybean Derivatives Market Overview
9.2.2 Europe Soybean Derivatives Market Forecasts and Analysis
9.2.3 Europe Soybean Derivatives Market Forecasts and Analysis - By Type
9.2.4 Europe Soybean Derivatives Market Forecasts and Analysis - By Application
9.2.5 Europe Soybean Derivatives Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Soybean Derivatives Market
9.2.5.1.1 Germany Soybean Derivatives Market by Type
9.2.5.1.2 Germany Soybean Derivatives Market by Application
9.2.5.2 France Soybean Derivatives Market
9.2.5.2.1 France Soybean Derivatives Market by Type
9.2.5.2.2 France Soybean Derivatives Market by Application
9.2.5.3 Italy Soybean Derivatives Market
9.2.5.3.1 Italy Soybean Derivatives Market by Type
9.2.5.3.2 Italy Soybean Derivatives Market by Application
9.2.5.4 United Kingdom Soybean Derivatives Market
9.2.5.4.1 United Kingdom Soybean Derivatives Market by Type
9.2.5.4.2 United Kingdom Soybean Derivatives Market by Application
9.2.5.5 Russia Soybean Derivatives Market
9.2.5.5.1 Russia Soybean Derivatives Market by Type
9.2.5.5.2 Russia Soybean Derivatives Market by Application
9.2.5.6 Rest of Europe Soybean Derivatives Market
9.2.5.6.1 Rest of Europe Soybean Derivatives Market by Type
9.2.5.6.2 Rest of Europe Soybean Derivatives Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Soybean Derivatives Market Overview
9.3.2 Asia-Pacific Soybean Derivatives Market Forecasts and Analysis
9.3.3 Asia-Pacific Soybean Derivatives Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Soybean Derivatives Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Soybean Derivatives Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Soybean Derivatives Market
9.3.5.1.1 Australia Soybean Derivatives Market by Type
9.3.5.1.2 Australia Soybean Derivatives Market by Application
9.3.5.2 China Soybean Derivatives Market
9.3.5.2.1 China Soybean Derivatives Market by Type
9.3.5.2.2 China Soybean Derivatives Market by Application
9.3.5.3 India Soybean Derivatives Market
9.3.5.3.1 India Soybean Derivatives Market by Type
9.3.5.3.2 India Soybean Derivatives Market by Application
9.3.5.4 South Korea Soybean Derivatives Market
9.3.5.4.1 South Korea Soybean Derivatives Market by Type
9.3.5.4.2 South Korea Soybean Derivatives Market by Application
9.3.5.5 Rest of Asia-Pacific Soybean Derivatives Market
9.3.5.5.1 Rest of Asia-Pacific Soybean Derivatives Market by Type
9.3.5.5.2 Rest of Asia-Pacific Soybean Derivatives Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Soybean Derivatives Market Overview
9.4.2 Middle East and Africa Soybean Derivatives Market Forecasts and Analysis
9.4.3 Middle East and Africa Soybean Derivatives Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Soybean Derivatives Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Soybean Derivatives Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Soybean Derivatives Market
9.4.5.1.1 South Africa Soybean Derivatives Market by Type
9.4.5.1.2 South Africa Soybean Derivatives Market by Application
9.4.5.2 Saudi Arabia Soybean Derivatives Market
9.4.5.2.1 Saudi Arabia Soybean Derivatives Market by Type
9.4.5.2.2 Saudi Arabia Soybean Derivatives Market by Application
9.4.5.3 U.A.E Soybean Derivatives Market
9.4.5.3.1 U.A.E Soybean Derivatives Market by Type
9.4.5.3.2 U.A.E Soybean Derivatives Market by Application
9.4.5.4 Rest of Middle East and Africa Soybean Derivatives Market
9.4.5.4.1 Rest of Middle East and Africa Soybean Derivatives Market by Type
9.4.5.4.2 Rest of Middle East and Africa Soybean Derivatives Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Soybean Derivatives Market Overview
9.5.2 South and Central America Soybean Derivatives Market Forecasts and Analysis
9.5.3 South and Central America Soybean Derivatives Market Forecasts and Analysis - By Type
9.5.4 South and Central America Soybean Derivatives Market Forecasts and Analysis - By Application
9.5.5 South and Central America Soybean Derivatives Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Soybean Derivatives Market
9.5.5.1.1 Brazil Soybean Derivatives Market by Type
9.5.5.1.2 Brazil Soybean Derivatives Market by Application
9.5.5.2 Argentina Soybean Derivatives Market
9.5.5.2.1 Argentina Soybean Derivatives Market by Type
9.5.5.2.2 Argentina Soybean Derivatives Market by Application
9.5.5.3 Rest of South and Central America Soybean Derivatives Market
9.5.5.3.1 Rest of South and Central America Soybean Derivatives Market by Type
9.5.5.3.2 Rest of South and Central America Soybean Derivatives Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SOYBEAN DERIVATIVES MARKET, KEY COMPANY PROFILES
11.1. BUNGE LTD.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ARCHER DANIELS MIDLAND AND COMPANY
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. LOUIS DREYFUS COMMODITIES B.V.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CARGILL, INCORPORATED
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. WILMAR INTERNATIONAL LIMITED
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. NOBLE GROUP LTD.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. CHS INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. AG PROCESSING INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. RUCHI SOYA INDUSTRIES LIMITED
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. DU PONT NUTRITION AND HEALTH
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Bunge Ltd.
2. Archer Daniels Midland and Company
3. Louis Dreyfus Commodities B.V.
4. Cargill, Incorporated
5. Wilmar International Limited
6. Noble Group Ltd.
7. CHS Inc.
8. AG Processing Inc.
9. Ruchi Soya Industries Limited
10. Du Pont Nutrition and Health
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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