The Soybean Derivatives Global Market Report 2023, provides comprehensive information on the soybean derivatives market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global soybean derivatives market size is expected to grow from $258.24 billion in 2022 to $278.77 billion in 2023 at a compound annual growth rate (CAGR) of 8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global soybean derivatives market size is expected to reach $374.36 billion in 2027 at a CAGR of 7.6%.
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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.
The soybean derivatives market 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, Supermarkets, 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)
North America was the largest region in the soybean derivatives market in 2022.
The table of contents in TBRC’s soybean derivatives market report includes:
- Executive Summary
- Soybean Derivatives Market Characteristics
- Soybean Derivatives Market Trends And Strategies
- Soybean Derivatives Market – Macro Economic Scenario
- Soybean Derivatives Market Size And Growth
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- Africa Soybean Derivatives Market
- Soybean Derivatives Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Soybean Derivatives Market
- Soybean Derivatives Market Future Outlook and Potential Analysis
- Appendix
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