2 January 2019 – The Global Soybean Market and its derivatives has accounted increasing positive impact on healthy body, food and beverage industry and demand from other industries as well. Compared to several healthy food sources soybeans are coined as “nutritional super power” owing to its biochemical properties such as highest protein content, carbohydrates, substantial unsaturated fat, vitamins, dietary fibers, and minerals. Increasing demand for soybeans have further propelled the market growth owing to its useful phytochemicals which acts as a drug store for treatment and prevention of several chronic diseases.
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Increasing chronic diseases such as several cardiovascular diseases, osteoporosis, malnutrition and cancer have further boosted the demand for soybean over the forecast period. Global soybean industry has been segmented based on lecithin processing type, application, type, and region. China accounted the major customer of soybean from Asia-Pacific region as of 2015 followed by North America as the second largest market in terms of soy-derivatives application. Lecithin processing type segmented the soybean market on the basis of acid, water and enzyme. On the basis of application the soybean market is segmented into food, feed and others such as soy ink, biodiesel, soy crayons, soy based wood adhesives and others. On the basis of type the market is further segmented into soy meal, soybean and soy oil.
On the basis of region the soybean market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Key driving factors identified to boost the soybean market growth include rising awareness of health by consumers, increasing global population, and rising demand for protein rich animal feed. Key industry players in the soybean market include Bunge Ltd, Archer Daniels Midland Company, Cargill Incorporated, Wilmar International Limited, Louis Dreyfus Commodities. Several joint ventures, acquisitions and expansions and other various strategies have been adopted by these companies to gain a strong competitive foothold in the global market.
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Market Segment:
Key Applications
- Pharmaceuticals
- Food & Beverages
- Feed
- Industrial
Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
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