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Soybean Processing Market 2023-2032: Business Statistics, New Development, Global Trends And Major Player | ADM (Archer-Daniels-Midland Company), DuPont de Nemours Inc., CHS Inc., The Scoular Company, Fuji Oil Holdings Inc
Soybean Processing Market
The Business Research Company's Soybean Processing Global Market Report 2023 identifies increasing cases of diseases like obesity as the major driver for the Soybean Processing Market's growth in the forecast period. Obesity refers to abnormal or excessive fat buildup that poses a risk to health; this is also called overweight. According to a study, soybean processing will aid in the prevention of obesity. In experimental models of obesity, soy protein has been demonstrated to prevent or decrease body fat formation and improve insulin resistance. Consumption of black and yellow soybeans has been shown to reduce high-fat diet-induced obesity through modulating lipid metabolism.
The global soybean processing market size is expected to grow from $78.78 billion in 2022 to $84.91 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. 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 processing market size is expected to reach $116.19 billion in 2027 at a CAGR of 8.2%.
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Major competitors in the soybean processing market are ADM (Archer-Daniels-Midland Company), DuPont de Nemours Inc., CHS Inc., The Scoular Company, Fuji Oil Holdings Inc., Batory Foods Inc., Nutra Food Ingredients LLC, Osage Food Products Inc., Bunge Limited., Cargill Incorporated, Wilmar International Ltd., Kerry Group plc., Crown Soya Protein Group Company, Foodchem International Corporation and Louis Dreyfus Company B.V.
A key trend in the Soybean Processing Market includes Technological advancements. Major companies operating in the soybean processing market are developing innovative technologies to strengthen their position in the market. For instance, in April 2021, Zeakal Inc., a US-based company for plant science and technology designed to increase the photosynthetic capacity and efficiency of plants, launched photoseed technology. This technology enhances soy's oil, protein, and sustainability profiles, resulting in increased nutritional value and supply-chain profitability. PhotoSeed enhanced oil composition by up to 17% and protein by up to 7% on a dry weight basis, with yields equivalent to contemporary cultivars.
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The Soybean Processing Market is segmented -
By Product: Whole Soybean, Meal, Oil, Other Products
By Source Type: Conventional, Genetically Modified Organisms, Non-Genetically Modified Organism, Organic
By Distribution Channel: Online Distribution, Offline Distribution
By Application: Animal Feed, Aqua Feed, Biofuel, Food And Beverages, Personal Care, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Soybean Processing Market.
The Business Research Company's "Global Soybean Processing 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 Processing Market Include:
1. Executive Summary
2. Soybean Processing Market Characteristics
3. Soybean Processing Market Trends And Strategies
4. Soybean Processing Market - Macro Economic Scenario
5. Soybean Processing Market Size And Growth
……
26. Africa Soybean Processing Market
27. Soybean Processing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Soybean Processing Market
29. Soybean Processing Market Future Outlook and Potential Analysis
30. Appendix
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