Soybean Derivatives Market is Expected to Experience Immense Growth During 2016 - 2024
Deerfield Beach, FL -- (SBWIRE) -- 03/01/2017 -- Soybean Derivatives Market: Overview
Soybean derivatives have numerous applications such as food, feed and automotive among others. Residual fibers remained after extraction of soybeans oil from soybean is used as feedstock for animals. Soybean derivatives in the food industry are excised especially in snacks, breads, baked products, salad dressings, mayonnaise, potato chips and sauces. The market size and forecasts in terms of revenue (USD million) for the period 2015 to 2020, considering 2014 as the base year, have been provided for this segment of the report. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2015 to 2020.
Soybean Derivatives Market: Growth Factor
Soybean derivatives market is primarily driven by intense demand from food and beverage industry on account of growing protein consumption. Another major driving factor is high penetration from animal feed industry owing to rising meat production and increasing demand for animal protein products. Industries like paints, coatings, bio-plastics and bio-diesels are also augmenting applications that expected to have strong growth over the forecast period. However, substitute from wood pulp and bagasse is a major restraint of global soybean derivatives market.
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In order to give the users of this report a comprehensive view on the soybean derivatives market, we have included a detailed value chain analysis. To understand the competitive landscape in the market, an analysis of Porter's Five Forces model for the soybean derivatives market has also been included. The study encompasses a market attractiveness analysis, wherein product segments and application segments are benchmarked based on their market size, growth rate and general attractiveness.
The soybean derivatives market is segmented on the basis of its applications into feed, food, and others (biodiesel, soy-based wood adhesives, soy ink, soy crayons, soy-based lubricants). Based on type, the soybean derivatives market is segmented into soybean, soy meal, and soy oil. Soy meal is further segmented into soy milk and soy protein concentrate. Similarly, soy oil is also further segmented into soy lecithin. Based on lecithin processing market is also segmented as water, acid, and enzyme. The soy meal was dominating segment, and is also anticipated to grow at significant share owing to increasing demand from the food industries.
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Soybean Derivatives Market: Regional Analysis
The report forecasts value of the global soybean derivatives market and its various applications with respect to main regions namely, North America, Europe, Asia-Pacific, Latin America and Middle East & Africa with its further bifurcation into major countries including U.S., Germany, France, UK, China, Japan, India, and Brazil. This segmentation includes demand for soybean derivatives market based on individual application and types in all the regions and countries.
Soybean Derivatives Market: Key Players
Some of the key players operating in the global soybean derivatives market are Bunge Limited, Archer Daniels Midland Company, Wilmar International Company, Louis Dreyfus Commodities, Cargill Inc and Noble Group Ltd among others.
This report segments the global soybean derivatives market as follows:
Global Soybean Derivatives Market: Type of Soybean Segment Analysis
Soy meal (soy milk and soy protein concentrate)
Soy oil (soy lecithin)
Global Soybean Derivatives Market: Application Segment Analysis
Others (biodiesel, soy-based wood adhesives, soy ink, soy crayons, soy-based lubricants and etc)
Global Soybean Derivatives Market: Lecithin Processing Segment Analysis
Global Soybean Derivatives Market: Regional Segment Analysis
Middle East & Africa
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