Market Definition

Soybean states to a leguminous vegetable crop normally grown in tropical and subtropical climates and measured one of the most valuable crops in the globe. It is an oilseed crop, a good source of protein in the human diet, feed for livestock and as a biofuel and aquaculture. The conventional soybean extraction process contains four steps: preparation, extraction, solvent recovery from miscella and desolventizing or toasting of meal. Modern soybean processing includes large plants with various operations that must be measured. 

Data Bridge Market Research analyses that the soybean processing market was valued at USD 78.95 billion in 2022 and is expected to reach USD 146.13 billion by 2030, registering a CAGR of 8.00% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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Nowadays, soybean is very popular, because it is one of the major food sources in animal and human nutrition. The chemical and physical attributes of soybean are of great prominence to the use of soybeans. The soybean processing sector is increasing at a faster rate of 9 to 10% annually still requires to grow to bridge the nation's protein gap. The soybean processing sectors are incorporated into the nutrition intervention programs of the government. This will ensure easy access to soybean products on local and regional levels and would be the greatest way to deliver low-cost nutrition to the masses and generate employment opportunities during the forecast period.

Competitive Landscape and Soybean Processing Market Share Analysis

The soybean processing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to soybean processing market.

Some of the major players operating in the soybean processing market are:

  • ADM (U.S.)
  • DuPont. (U.S.)
  • CHS Inc. (U.S.)
  • The Scoular Company (U.S.)
  • FUJI OIL HOLDINGS INC. (Japan)
  • Batory Foods. (U.S.)
  • Crown Soya Protein Group Company (China)
  • Nutra Food Ingredients (U.S.)
  • Osage Food Products (U.S.)
  • Foodchem International Corporation (China)
  • Bunge Limited (U.S.)
  •  Cargill, Incorporated (U.S.)
  • Wilmar International Ltd (India)
  •  Louis Dreyfus Company B.V. (Netherlands)
  • Devansoy Inc. (U.S.)
  • Sotexpro (France)
  • Kerry Group plc. (Ireland)
  • International Flavors & Fragrances Inc. (U.S.)


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Global Soybean Processing Market Scope

The soybean processing market is segmented on the basis of product and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Whole Soybean
  • Meal
  • Oil
  • Others

 Application

  • Animal Feed
  • Aqua Feed
  • Biofuel
  • Food and Beverages
  • Personal Care
  • Dietary Supplements
  • Pharmaceuticals
  • Lubricants
  • Coatings
  • Paints
  • Industrial Solvents
  • Adhesives and Sealants
  • Hydraulic Fluids
  • Building Materials
  • Others

Soybean Processing Market Regional Analysis/Insights

The soybean processing market is analyzed and market size insights and trends are provided by country, product and application as referenced above.

The countries covered in the soybean processing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Global (APAC) in the Global (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America is expected to dominate the soybean processing market due to the high production, high usage of soybean in food and feed industry. Moreover, increase in demand for biofuel where soybean oil is used as feedstock and increasing demand for high-quality protein wil likely to boost the market growth in this region.

South America in anticipated to be the fastest growing region in soybean processing market during the forecast period of 2023-2030 due to increase in export activities from this region. Brazil and Argentina dominate South America market because of the rise in production of soybean.

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