Soybean Processing Global Market Report 2024 - By Demand, Size, Share, Trends, Outlook By 2033

The soybean processing market size has grown strongly in recent years. It will grow from $84.91 billion in 2023 to $91.79 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to industrial revolution impact, protein demand surge, health and nutrition awareness, agricultural policies, economic shifts.

The soybean processing market size is expected to see strong growth in the next few years. It will grow to $127.34 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to growing global population, rise in plant-based alternatives, sustainability initiatives, shift in consumer preferences, international trade dynamics.. Major trends in the forecast period include clean label preferences, functional food innovation, advance processing method, sustainable agriculture practices.

Market Overview -
Soybean processing is the processing of soybeans, which involves successive steps to extract various different forms of soybean, they are cleaned, dried, cleaned once more, cracked, and dehulled. Soybean processing is used for drying, roasting, grinding, pressing and panelling of soybeans which can be used in various forms and in various industries.

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The Role Of Soybean Processing In Combating Obesity
The increasing cases of diseases like obesity are expected to propel the growth of the soybean processing market going forward. 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. For instance, in July 2022, according to the Office for Health Improvement and Disparities, a UK-based agency for the British Department of Health and Social Care, statistics from the Active Lives Adult Survey showed that 25.3% of individuals aged 18 and above were obese from November 2020 to November 2021. Additionally, in January 2023, according to a survey report published by the UK Parliament, a UK-based legislative body, 25.9% of people in England were obese, with another 37.9% being overweight but not obese. It was also discovered that men are more likely than women to be overweight or obese (68.6% of men, 59.0% of women). Therefore, increasing cases of diseases like obesity is driving the soybean processing market.

Competitive Landscape -
Major companies operating in the soybean processing market report are Archer-Daniels-Midland Company, DuPont de Nemours Inc., CHS Inc., The Scoular Company, Fuji Holdings Corporation, 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, Louis Dreyfus Company B.V., AG Processing Inc., Sodrugestvo Group of Companies, Noble Group Limited, Aceitera General Deheza S.A., Marubeni Corporation, Richardson International Limited, COFCO International, J-Oil Mills Inc., Ruchi Soya Industries Limited, The Andersons Inc., Green Plains Inc., Buhler Industries Inc., Clarkson Grain Company Inc., Consolidated Grain and Barge Co., Delong Co. Inc.

Revolutionizing Soybean Processing: Technological Advancements Redefining Efficiency And Nutritional Value
Technological advancements are a key trend gaining popularity in the soybean processing market going forward. 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 photo seed technology. This technology enhances soy's oil, protein, and sustainability profiles, resulting in increased nutritional value and supply-chain profitability. Photo Seed 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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Key Segments -
The soybean processing market covered in this report is segmented -
1) By Product: Whole Soybean, Meal, Oil, Other Products
2) By Source Type: Conventional, Genetically Modified Organisms, Non-Genetically Modified Organism, Organic
3) By Distribution Channel: Online Distribution, Offline Distribution
4) By Application: Animal Feed, Aqua Feed, Biofuel, Food And Beverages, Personal Care, Other Applications

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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