Market Overview:

According to a new report by IMIR Market Research on Global Soybean Derivatives Market size was valued at USD 260.28 billion in 2023 and is estimated to expand at over 7.2% CAGR from 2024 to 2032.

Soybean derivatives constitute soybeans as a source that yields other parts, which are in turn used to make soy products. Soybeans include protein central to carbohydrates, minerals and vitamins. Besides soybean is used in products like foods that routes to the vegetable oil market. Soy vegetables are consumed as supplements which help to provide food with balanced nutrients and are used by vegans and wealthy people. They contain in themselves significant amounts of proteins, good fatty acids and other essential nutrients that are body friendly and stimulate healthy growth. They are easy to get and can be get at a good amount for the buyer. Unlike wheat and corn, soybeans are mostly processed to create, among others, soybean meal, soybean oil, and other soybean derivatives that are utilized as ingredients in the animal feed formulation as well.

Market Drivers-

Surging Soybean Production and Rising Expenditure on R&D to Drive Growth

• In the world China is one of the leading buyers of soy, and the main part of the purchase is made from North America. So, concrete measures such as government technical assistance of soy yields surge in China can therefore help avert the demand for this product by other regions of the world while farming land-pressure fears are eased on other world part. Nonetheless, when Proposition of increase production solutions on that many small farmers would be a big effort. However, many measures undertaken by the Chinese state power give opportunity for expanding the land area utilized for this crop. For instance, in February 2019, the State Council released its policy document, which included a plan for soybean farming revitalization. Under the policy management, large planters and rural organizations have been making efforts to shift soybean cultivation. The rising production of this crop can drive the global market in the near future.
• Research and Development activities are significant in the fact that they increase the efficiency of production systems besides the quality of the products. The advancement in technology in this phase is built as a means to increase the efficiency of the business which translates to growing business capacity. In addition, growing spending on the technology, in particular, soybean seed breeding and planting to improve soybean oil and protein yields, will likely result in continuous growth of the above-mentioned market as well.

Increasing Livestock Production to Spur Product Demand

• The increasing environmental concerns and stringent regulations related to volatile organic compounds (VOCs) and other harmful chemicals, there's a notable shift towards green and sustainable adhesives in the construction industry. Manufacturers are spending money on R&D to produce high-performing, environmentally friendly adhesives that have the least possible negative effects on the environment. These adhesives are formulated to have low VOC emissions, reduce energy consumption during production, and promote recyclability and biodegradability. The growing preference for sustainable construction practices among builders, architects, and consumers contributes to the adoption of green construction adhesives, driving market growth.

Market Trends-

Increased Demand for Plant-based Protein

• Soybean plays a significant role as an important plant-based protein source to increase the nutrition of the community because, in addition to being safe for health, it is also relatively cheap compared to the source of animal protein. Soybean is one of the few complete protein plant-based foods with nine essential amino acids. For this reason, it has become a crucial source of human and animal protein. Approx. 70-80% of its cultivation is used for animal feed and the remaining is destined for direct human consumption. The demand for soybeans is presently tied to global meat consumption and is likely to grow in the upcoming years, owing to the rising livestock production across the globe.

Market Restraining Factors-

High Presence of Unsaturated Fatty Acids in Soy Derivatives to Impede Performance

• The demand for soy derivatives will continue to increase over the coming decades. But a decrease in the agricultural land and declining soil quality due to the use of harmful fertilizers is expected to restrain the market growth in the forthcoming years. Moreover, the high presence of unsaturated fatty acids in soy that are dangerous to human health is predicted to hamper the market growth. The rising usage of biomass and other sugar derivatives such as sucrose for bioplastic manufacturing can also inhibit the soy derivatives market growth.

Report Coverage:

The report will cover the qualitative and quantitative data on the global Soybean Derivatives Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.

By Type (Soy Oil, Soy Milk, Soy Meal, Others), By Lecithin (Water, Acid, Enzyme), By Application (Food & Beverages, Feed Industry, Others), By Sales Channel (Departmental Stores, Supermarkets, Online Retail, Others).

Report Scope and Segmentations:

Market Players Analysis:

• Ruch Soya Commodity BV
• Cargill Incorporated
• Ag Processing Inc.
• DuPont Nutrition
• Wilmar International Limited
• Louis Dreyfus Commodities Group
• Noble Group Ltd.
• Archer Daniels Midland Company
• CHS Inc.
• Bunge Ltd.
• Archer Daniels Midland Company (ADM)
• Incorporated
• Richardson International Limited
• Kerry Group plc
• Ingredion Incorporated
• Fuji Oil Co.
• Blue Diamond Growers
• Scoular Company
• Others

Key Industry Developments:

In September 2023, Brazil's antitrust watchdog CADE approved U.S. grain trader Cargill's acquisition of Brazilian soy crusher Granol's three soy crushing plants on Wednesday.

In May 2023, ADM (NYSE: ADM), one of a global leader in human and animal nutrition, announced that it has reached an agreement to acquire D.C.A. Finance B.V. (DCA), subject to required regulatory approvals.

In November 2022, Expanding its oilseeds network, Cargill has entered a definitive agreement to acquire Owensboro Grain Company, LLC, a fifth-generation family-owned soybean processing facility and refinery located in Owensboro, Kentucky, US.

Market Segmentation Insights:

The market scope is segmented because of by Type, by Lecithin, by Application, by Sales Channel.

By Type

• Soy Oil
• Soy Meal
• Soybean
• Others

Soybean Derivatives Market is the Market of products derived from soybeans, such as soy oil, soy milk, and soy meal. With high adaptability and industry wide use, soybeans are the cornerstone of different industries in terms of nutrition and food, beverages, animal feed, and the many others. Soy oil derived from soybean is widely used in cooking, food procession and biofuel as such contributes partially to the global edible oil market. Dairy milk substitute called soy milk, which replaces dairy milk protein sources and lactose-free products among soy milk, a popular alternative for health-minded consumers. Soybean meal, that is produced from manufacturing soy, is turned into a significant element in feed formulations for poultry and livestock because of its rich protein content. Generally, the niche which is soybean derivatives market is presently developing gradually riding on factors like growing consciousness regarding the health benefits of soya based products, soaring demand for plant-based alternatives and increased applications in different sectors.

By Lecithin

• Water
• Acid
• Enzyme

Leaving the segment of the Soybean Derivatives Market depending on lecithin kinds, including water lecithin, enzyme lecithin, and acid lecithin, reveals a picture of distinct customer requirements and progress on technology. Lecithin is a substance consisting of fat and protein that is obtained from soy. It is also called soy lecithin and possess most of those characteristics that enable life and health. Lecithin that is water-soluble and capable of amalgamation is a main component in formulation of foodstuffs and imparts textural properties and shelf stability. The acid lecithin that is obtained through the chemical hydrolysis tool has a broad scope of use in medical fields, dietary nutrients for their employability as emulsifiers and stabilizers. Lecithin enzyme, derived via enzymatic hydrolysis, creates promising opportunities in food and cosmetic industries providing natural and eco-friendly ream solutions. Lecithin enables better emulsification and a dispersion process by acting as a stabilizer in the formulations of food, both as a raw material and an ingredient. In synergy with the dynamics that the soybean derivatives market experiences due to the need for natural ingredients and functional supplements, the market in the lecithin segments is suggested to have another expansion and innovation.

By Application

• Food & Beverages
• Feed Industry
• Others

The Soybeans Derivatives Market, which is application-oriented and covers both the food and beverages, as well as the feed industry, is an industry with a versatile environment where the product finds application in various sectors. Through the food and beverage segment, the soybean-derived ingredients deliver an assortment of products which include, soybean oil for cooking and frying, and soy protein isolates for meat substitutes and nutritionally inclusive products. As the importance of plant-based diets and sustainable sourcing is being considered, soy derivatives increasingly gain popularity as responsible, versatile, and nutritious alternative. However, in the case of feed industry, soybean is widely used as basic components in animal nutrition. Soybean product like as soymeal are excess-quality protein sources in the formulation of livestock and poultry feed. With increasing world population, the demand for protein-rich food products, especially in the growing countries, stands for a prosperous future for the Soybean Derivatives Market; it will continue to grow its applications in feed and food industries.

By Sales Channel

• Departmental Stores
• Supermarkets
• Online Retail
• Others

The Market for Soybean Derivatives Products, which sales channel are the Departmental stores, supermarkets, and also the Online Retail, shows that the distribution in this market is dynamic and it is contributed by the judging consumer's preferences and their online shopping behaviours. Departmental stores, that are normally the shopping centre for groceries for many people, are still significant in the sale of soybean derivatives they stock a whole range of products from various categories to meet different needs of customers. Supermarkets, with their high level of convenience and abundant product stocks, placing them at the centre of the soy product market’s use and offering them both mainstream as well as niche soy products. On the other hand, the emergence of e-commerce as a convenience not only encourages but also equally disrupts the traditional channels of distribution in the market for the soybean derivatives, providing the buyers with access and ease as well as often rival pricing. Online retail space declined sharply with the growth of influencing elements which include convenience, wide product range, and increasing consumer base. Since the customers are more likely to put the onus on the convenience and affordability considerations, and these have been noted to be among the most significant determinants of the soybean derivatives sales channels, it is expected that the channels will subsequently keep growing the existing sales channels and see an exponential increase in the e-commerce channels in the future.

Regional Snapshots:

• North America (U.S., Canada, Mexico)
• Europe (Germany, France, UK, Italy, Spain, Russia, Rest of Europe)
• Asia-Pacific (China, India, Japan, ASEAN, Rest of Asia-Pacific)
• LAMEA (Latin America, Middle East, Africa)

Undoubtedly, North America is a really countable leader in the planting business of the world on soybeans. The three main drivers of soy protein consumption increase in North America are related to changes in nutritional requirements, changes in food choices and also the fact that some people are looking for vegetarian products as an alternative source of protein. Another study from the Soy Nutrition Institute shows more than one-third of the globe's soybeans are actually grown in the USA, with the second-largest share coming from Argentina and third-largest produced in Brazil. From that we can reasonably expect that the business will produce additional soy based ingredients. Companies are now working so hard to include soy protein as one of the ingredients in their products, especially in the beverage category which are mainly sourced from soy.

North America

• U.S.
• Canada

Europe

• Switzerland
• Belgium
• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Rest of Europe

Asia-Pacific

• India
• Australia
• Philippines
• Singapore
• South Korea
• Japan
• China
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Argentina
• Peru
• Colombia
• Brazil
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Points Covered in the Report:

• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Key Questions:

• How much the global Soybean Derivatives Market valued?
• Which region has the largest share in 2024 for the global Soybean Derivatives Market?
• What are the driving factors for the market?
• Which is the leading segment in the global market?
• What are the major players in the market?

Research Scope of the Market:

• Historic year: 2019-2022
• Base year: 2023
• Forecast: 2024 to 2032
• Representation of Market revenue in USD Million