Press release
Global Soybean Derivatives Market worth to reach USD 252 billion by 2021.
In the food industry, soybean derivatives find use in products such as spreads, snacks, breads, baked products, sauces, and mayonnaise. Residual fibers which are produced after the extraction of oil from soybean are also used in the production of feed for aquaculture, bovine etc. Soybean derivatives are also used to manufacture lubricants and hydraulic fluids. Use of soybean derivatives for the production of bio-diesel is also getting increased attention across the globe.
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The significant drivers for Soybean Derivatives are increasing global population, increasing awareness among consumers about health, and high demand for animal feed. Also surge in the functional purpose of soy in feed in developing economies will boost this industry. Difficulty in maintaining pH and operational temperature of Soybean Derivatives limits this industry.
The Global market for Soybean Derivatives is segmented on the basis of Lecithin processing, application, type and region. Based on type, the market is segmented into Soybean, Soy Meal, and Soy Oil. Based on application, the market is segmented into Feed, Food, and Other Industries. Based on Lecithin processing, the market is segmented into Water, Acid, and Enzyme.
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Geographically, the Soybean Derivatives market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East Asia. North America is estimated to constitute the largest share in this market, while the Asia Pacific region is expected to witness the fastest growth and overtake North America, being the second largest shareholder for the market during the forecast period.
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Louis Dreyfus Commodities (The Netherlands), Cargill, Bunge Ltd (U.S.), Archer Daniels Midland Company (U.S.), Incorporated (U.S.), and Wilmar International Limited (Singapore) are the leaders in the global Soybean Derivatives market.
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