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Soybean Derivatives Market Trends

Report ID: GMI6392
Published Date: Aug 2023
Report Format: PDF

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Soybean Derivatives Market Trends

The increasing awareness of health and environmental benefits associated with plant-based diets has fueled the demand for soy-based products and other plant-based proteins. Soybean derivatives, such as soy protein isolates and concentrates, are widely used as alternatives to animal-based proteins in various food and beverage applications. Consumers are showing a preference for non-genetically modified organism (non-GMO) and organic soy-based products. The surge in popularity of plant-based meat substitutes and meat analogs has driven the demand for soy-based ingredients.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of soybean derivatives was reached USD 242.8 billion in 2022 and is poised to cross USD 476.5 billion by 2032, driven by the rising demand for plant-based and healthier food alternatives among health-conscious consumers.

The soybean meal segment generated USD 73.6 billion in 2022 and is estimated to witness high demand through 2032, influenced by the growth of the livestock and poultry industries.

U.S. market size was USD 58 billion in revenue in 2022, attributed to the rising number of health-conscious consumers in the region.

Archer Daniels Midland Company (ADM), Cargill, Incorporated, Bunge Limited, Louis Dreyfus Company (LDC), Wilmar International Limited, CHS Inc., AG Processing Inc. (AGP), and DowDuPont Inc. are some of the key soybean derivative providers