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Soybean Derivatives Market Size, Share Analysis, Industry Growth And Global Forecast 2023-2032 | Major Players: Bunge Ltd., Archer Daniels Midland and Company, Louis Dreyfus Commodities B.V., Cargill Incorporated, Wilmar International Limited
Soybean Derivatives Market Report
The Business Research Company's Soybean Derivatives Global Market Report 2023 identifies an increase in the vegan population as the major driver for the soybean derivatives market's growth in the forecast period. The vegan population is the population that consumes vegan products. Soybean is a good source of protein which gives high nutritional values, same as nonvegetarian food, as a result, the vegan population prefers soybean products to inculcate those nutritional values.
The global soybean derivatives market size is expected to grow from $258.24 billion in 2022 to $278.77 billion in 2023 at a compound annual growth rate (CAGR) of 8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global soybean derivatives market size is expected to reach $374.36 billion in 2027 at a CAGR of 7.6%.
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Major competitors in the soybean derivatives market are Bunge Ltd., Archer Daniels Midland and Company, Louis Dreyfus Commodities B.V., Cargill Incorporated, Wilmar International Limited.
A key trend in the soybean derivatives market includes product innovations. Major companies operating in the soybean derivatives market are introducing innovative products to sustain their position in the market. For instance, in November 2022, Marico, an India-based company operating in the plant-based food market, launched Saffola Soya Bhurji, an innovative combination of soya, and expanded its plant-based food portfolio. This product is a first-of-its-kind ready-to-cook made from high protein, a healthier option with zero oil.
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The soybean derivatives market is segmented -
•By Type: Soy Oil, Soy Milk, Soy meal, Other Types
•By Lecithin: Water, Acid, Enzyme
•By Sales Channel: Departmental Stores, Supermarkets, Online Retail, Other Channels
•By Application: Food And Beverages, Feed Industry, Others (soy-based wood adhesives, soy ink, soy crayons, soy-based lubricants and many more)
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the soybean derivatives market.
The Business Research Company's "Global Soybean Derivatives Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Soybean Derivatives Market Include:
1. Executive Summary
2. Soybean Derivatives Market Characteristics
3. Soybean Derivatives Market Trends And Strategies
4. Soybean Derivatives Market - Macro Economic Scenario
5. Soybean Derivatives Market Size And Growth
……
26. Africa Soybean Derivatives Market
27. Soybean Derivatives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Soybean Derivatives Market
29. Soybean Derivatives Market Future Outlook and Potential Analysis
30. Appendix
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