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Soybean Derivatives Market by Type , Application , Lecithin Processing  and by Region - Global Trends & Forecast to 2020

Soybean Derivatives Market: Forecast until 2020

  • May 2015
  • 162 pages
  • ID: 3009319
In this report:
Soy derivatives are experiencing strong market growth in food applications in the Asia-Pacific region, which accounted for a market share of ##.##% in 2014.
According to the Soyfoods Association of North America, sales of foods containing soy exhibited a growth rate of ##.##% from 1996 to 2009 with the introduction of more than ##,## new soy-based food products in the U.S. market from 2000 to 2007.

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The sector for soybean derivatives has made a noteworthy impact on the food & beverage sector and on other markets as well. The soybean crop is processed into soy meal and vegetable oil, and almost all of that meal is used in animal feed. Steady demand for soybean derivatives also confirms sustained need for food-grade soybeans, including specialty varieties, organic, non-GMO, and IP beans.

Leading firms in the soybean derivatives market are continuously developing technologies and recent products with high proficiency. Therefore, the soybean derivatives market is gaining overall acceptance among manufacturers/producers. The key players in this sector are Bunge Ltd, Archer Daniels Midland (NYSE:ADM), Louis Dreyfus Commodities, Cargill, Incorporated, and Wilmar International Limited. These actors are adopting distinct strategies to develop in the soybean derivatives market. Joint ventures (JV), facility expansions, and acquisitions have been the main moves undertaken by them.

The soybean derivatives market is divided on the basis of its applications into feed, food, and others (biodiesel, soy-based wood adhesives, soy ink, soy crayons, soy-based lubricants). It is also broken down on the basis of lecithin processing into water, acid, and enzyme. By category, the sector is divided into soybean, soy meal, and soy oil. Soy meal is further divided into soy milk and soy protein concentrate. Likewise, soy oil is further broken down into soy lecithin. The soy meal segment was the most important in 2014, and is expected to grow as a result of the growing demand from the food and other functional sectors.

The sector for soybean derivatives is projected to be worth ~$176921.0M in 2015, and is estimated to reach ~$254913.1M by 2020, at a CAGR (Compound annual growth rate) of 7.60 percent. In 2015, the Asia Pacific (APAC) area is forecasted to be the biggest market and is forecasted to grow to ~$125854.4M by 2020, at a compound annual growth rate (CAGR) of 7.80 percent, as studied from 2015. North America continent is the second-largest market and is expected to grow at a Compound annual growth rate of 9.20 percent during the period under review.

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