Press release
Soybean Derivatives Market Report 2024 - Soybean Derivatives Market Size, Trends And Analysis
Soybean Derivatives Market
According to The Business Research Company's, The soybean derivatives market size has grown strongly in recent years. It will grow from $277.93 billion in 2023 to $300.12 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to agribusiness expansion, rising protein demand, health awareness, food industry applications, government support, soybean oil demand.
The soybean derivatives market size is expected to see strong growth in the next few years. It will grow to $417.37 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to clean label products, plant-based meat industry, alternative uses in non-food industries, global trade, population growth, economic development.. Major trends in the forecast period include innovation in product development, soy lecithin in food processing, biofuel production, investments in research and development, sustainable agriculture practices.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/soybean-derivatives-global-market-report
Market Drivers and Trends:
An increase in the vegan population is expected to propel the growth of the soybean derivatives market going forward. 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. For instance, in May 2022, according to Sentient Media, a US-based journal website, globally, the vegan food market grew to $15.77 billion in 2021 from $14.44 billion in 2020. Therefore, an increase in the vegan population drives the soybean derivatives market.
Product innovations are a key trend gaining popularity in the soybean derivatives market. 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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=9124&type=smp
Major Key Players of the Market:
Bunge Ltd; Archer Daniels Midland and Company; Louis Dreyfus Commodities B.V.; Cargill Incorporated; Wilmar International Limited; Noble Group Ltd.; AG Processing Inc.; Cenex Harvest States Inc.; DuPont Nutrition and Health; Ruchi Soya Industries Limited; Gavyadhar Organic Private Limited; Terra Firma Organic Private Limited; Ingredion Incorporated; Calbee Inc.; Solbar Industries Ltd.; SunOpta Inc.; Scoular Company; Ceres Global Ag Corp; American Natural Processors Inc.; Iowa Soybean Processors (ISP); The Scoular Company; Batory Foods; Fuerst Day Lawson Holdings Limited; Fuji Vegetable Oil Inc.; Pilgrim's Pride Corporation; Sojaprotein; Arizona Grain Inc.; Jiangsu Hongda New Material Co. Ltd.; Cosucra; Vippy Industries Ltd.
Soybean Derivatives Market 2024 Key Insights:
• The soybean derivatives market will grow to $417.37 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%.
• Soybean Derivatives Market Driven By Surging Demand Among The Growing Vegan Population
• Key Players Introducing Innovative Combinationf Of Products To Expand Its Plant-Based Food Portfolio
• North America was the largest region in the soybean derivatives market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=9124&type=smp
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Soybean Derivatives Market Report 2024 - Soybean Derivatives Market Size, Trends And Analysis here
News-ID: 3758558 • Views: …
More Releases from The Business research company
Design, Research, Promotional And Consulting Services Market Expansion Continues …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Design, Research, Promotional And Consulting Services Market Size Growth Forecast: What to Expect by 2025?
The market size of design, research, promotional and consulting services has seen consistent growth in the last few years. It's projected to elevate from $4526.88 billion in 2024 to $4746.82 billion in 2025, with…
Storage Area Network Market Expansion Continues, with Forecast Valuation of $46. …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Storage Area Network Industry Market Size Be by 2025?
In the past few years, we have seen significant and speedy growth in the storage area network market size. The market, which stands at $25.08 billion in 2024, is projected to increase to $28.44 billion in 2025,…
Online Legal Services Market Expansion Continues, with Forecast Valuation of $42 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Online Legal Services Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for online legal services has seen a swift expansion in the past years. A jump from $22.05 billion in 2024 to $25.24 billion in 2025, equating to a compound annual growth…
K-12 Private Education Market Expansion Continues, with Forecast Valuation of $6 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the K-12 Private Education Market Size By 2025?
The size of the K-12 private education sector has seen robust expansion in the recent past. From being a market worth $396.86 billion in 2024, it's projected to scale up to $431.46 billion in 2025, growing at a…
More Releases for Soybean
Key Soybean Market Trend for 2025-2034: Innovations In Soybean Seed Varieties Fo …
What Is the Future Outlook for the Soybean Market's Size and Growth Rate?
The market size for soybeans has experienced robust expansion in the past few years. A growth from $160.29 billion in 2024 to $169.68 billion in 2025 at a compounded annual growth rate (CAGR) of 5.9% is predicted. The expansion during the historical timeframe can be linked to an increase in demand globally, biofuel manufacturing, beneficial weather patterns, international…
Safeguarding Soybean Crops: Evolution of Effective Soybean Herbicides | Bayer, C …
Soybean Herbicide Market 2023 Forecast: Unveiling Opportunities and Growth
Soybean Herbicide market report presents an overview of the market on the basis of key parameters such as market size, revenue, sales analysis and key drivers. The market size of global Soybean Herbicide market is anticipated to grow at large scale over the forecast period (2023-2029). The main purpose of the study report is to give users an extensive viewpoint of the…
Soybean Industry Report Analysis By opportunities
Stratistics MRC's Soybean Market report provides readers with an understanding of market details, overview, drivers and segmentation with types.
The soybean is one of the most important food plants of the world and seems to be growing in importance. It is an annual crop, fairly easy to grow, that produces more protein and oil per unit of land than almost any other crop. It is a versatile food plant that, used…
Soybean Industry Report Analysis By opportunities
Stratistics MRC's Soybean Market report provides readers with an understanding of market details, overview, drivers and segmentation with types.
The soybean is one of the most important food plants of the world and seems to be growing in importance. It is an annual crop, fairly easy to grow, that produces more protein and oil per unit of land than almost any other crop. It is a versatile food plant that, used…
2021 Soybean Industry Global Analysis Report
Stratistics MRC’s 2021 Soybean Market report is The soybean is one of the most important food plants of the world and seems to be growing in importance.
The soybean is one of the most important food plants of the world and seems to be growing in importance. It is an annual crop, fairly easy to grow, that produces more protein and oil per unit of land than almost any other crop.…
China Soybean Market Size, Sales,Industry Player (Soybean, soybean oil, pig rais …
The market for Soybean is growing with the expansion of this Industry Sector Worldwide. Market Research Hub (MRH) has added a new report titled Research Report on China Soybean Industry, 2018-2022 which offer details about the current trends and analysis, as well as scope for the near future. This research study also covers information about the production, consumption and market share based on different active regions. Furthermore, an anticipated growth…
