Top Factor Driving Soybean Derivatives Market Growth in 2025: Soybean Derivatives Market Driven By Surging Demand Among The Growing Vegan Population

What combination of drivers is leading to accelerated growth in the soybean derivatives market?
The rise in the number of vegans is predicted to fuel the expansion of the soybean derivatives market. The vegan community comprises of individuals who consume vegan products. Soybeans are an excellent source of protein, offering equivalent nutritional benefits to non-vegetarian food. As a result, vegans favor soybean products to glean these nutritional advantages. For example, Finder, a US-based personal finance comparison website, reported in April 2024 that around 2.5 million people in the UK are vegan, accounting for 4.7% of the population. This is a considerable increase from the 1.4 million vegans (2.5%) reported in 2023, representing a growth of 1.1 million UK vegans over a single year. Consequently, the surging vegan population propels the soybean derivatives market.

https://www.thebusinessresearchcompany.com/report/soybean-derivatives-global-market-report

What is the projected compound annual growth rate (CAGR) of the soybean derivatives market from 2025 to 2034, and what factors influence it?
The dimension of the soybean derivatives market has seen robust growth recently. The market will expand from $300.12 billion in 2024 to $324.08 billion in 2025, with a compound annual growth rate (CAGR) of 8.0%. The growth during the historical period can be credited to the expansion in agribusiness, increased protein requirements, heightened health consciousness, applications in the food industry, governmental support, and the demand for soybean oil.

Anticipations are high for robust expansion in the soybean derivatives market in the coming years, with projections for it to escalate to $455.81 billion by 2029, showcasing a compound annual growth rate (CAGR) of 8.9%. The predicted growth during this forecast period can be ascribed to factors including the rise of clean label products, the burgeoning plant-based meat sector, alternative applications in non-food industries, global commerce, burgeoning populations, and economic progression. Key trends expected during this period encompass innovation in product creation, the utilization of soy lecithin in food processing, biofuel manufacturing, investment in research, and the promotion of sustainable farming practices.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=9124&type=smp

How are the latest trends influencing the growth of the soybean derivatives market?
One of the emerging trends in the soybean derivatives market is the introduction of new products. To maintain their status within the market, key companies in the industry are launching innovative items. For example, in November 2022, Marico, a business based in India that specializes in plant-based foods, introduced Saffola Soya Bhurji. This innovative mixture of soya is a first in the market of ready-to-cook foods, boasting high protein and zero oil, thus expanding Marico's plant-based food range.

What are the major segments of the soybean derivatives market and their role in driving growth?
The soybean derivatives market covered in this report is segmented -

1) By Type: Soy Oil, Soy Milk, Soy Meal, Other Types
2) By Lecithin: Water, Acid, Enzyme
3) By Sales Channel: Departmental Stores, Super markets, Online Retail, Other Channels
4) By Application: Food And Beverages, Feed Industry, Others (Soy-Based Wood Adhesives, Soy Ink, Soy Crayons, Soy-Based Lubricants And Many More)

Subsegments:
1) By Soy Oil: Refined Soy Oil, Crude Soy Oil, Soybean Lecithin
2) By Soy Milk: Sweetened Soy Milk, Unsweetened Soy Milk, Flavored Soy Milk
3) By Soy Meal: Dehulled Soy Meal, Roasted Soy Meal, Soy Protein Isolate
4) By Other Types: Soy Flour, Soy Protein Concentrate, Tofu, Tempeh

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=9124

Which regions are key players in the growth of the soybean derivatives market?
North America was the largest region in the soybean derivatives market in 2024. Asia-Pacific is expected to be the fastest-growing region in the soybean derivatives market during the forecast period. The regions covered in the soybean derivatives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Who are the key firms paving the way for growth in the soybean derivatives market?
Major companies operating in the soybean derivatives market include Bunge Ltd, Archer Daniels Midland and Company, Louis Dreyfus Commodities B.V., Cargill Incorporated, Wilmar International Limited, 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, Solbar Industries Ltd., SunOpta Inc., Scoular Company, Ceres Global Ag Corp, American Natural Processors Inc., Iowa Soybean Processors (ISP), Batory Foods, Fuerst Day Lawson Holdings Limited, Fuji Vegetable Oil Inc., Sojaprotein, Arizona Grain Inc., Jiangsu Hongda New Material Co. Ltd., Cosucra, Vippy Industries Ltd.

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=9124&type=smp

What Is Covered In The Soybean Derivatives Global Market Report?

• Market Size Forecast: Examine the soybean derivatives market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the soybean derivatives market for a structured understanding.
• Key Players Overview: Analyze major players in the soybean derivatives market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the soybean derivatives market.
• Segment Contributions: Evaluate how different segments drive overall growth in the soybean derivatives market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the soybean derivatives market.
• Industry Challenges: Identify potential risks and obstacles affecting the soybean derivatives market.
• Competitive Landscape: Review strategic developments in the soybean derivatives market, including expansions, agreements, and new product launches.

Connect with 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.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.