Published on : Nov 07, 2017
Albany, New York, November 7, 2017: Around the world, soybeans are used in thousands of food products as a key ingredient and to provide a complete protein as well as a healthy fat and valuable phytonutrients. Owing to its health benefits, consumers are now preferring soybeans in their diet. According to a recent analysis, the market for soybean has been steadily rising. A noticeable trend in the market is the leading companies focusing on the production of soybean derivatives as it is considered to be a growing market. Market Research Hub (MRH) has freshly added a new study titled “Soybean Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” to its mega-repository, which provides a comprehensive analysis of the current as well as future growth prospects for the market. Moreover, the primary regions are analyzed with the purpose of evaluating the impact of the different factors mentioned in the research report.
At present, majorly fueling demand in the global soybean market is the rising awareness among people about its health benefits. They help to improve metabolism, enable people to gain weight in a healthy way, protect the heart, defend against cancer, lessen effects of menopause, better digestive health, enhance bone health and other. Presently, various soybean processed forms are soybean meal, soybean oil, soybean protein and others, which includes tofu, soybean milk, and fiber. Looking to its wide acceptance, research forecasts the global soybean market to rise at a CAGR of 5.0% during the period between 2017 and 2025 to become worth US$215.746 bn by 2025 from US$146.23 bn in 2017.
The above findings have been presented in a vital section of the report which comprises qualitative analysis of the overall soybean market considering the factors determining the market dynamics such as drivers, restraints and opportunities, along with Porter’s five force analysis. It has been also analyzed that increasing applications of soybeans in various end-use segments such as animal feed is also serving to boost demand. Other end-use segments include food and beverages, personal care, dietary supplements, pharmaceuticals. Out of the two sources, organic soybean estimated to grow at greater pace due to discerning consumers.
The report is further categorically divided into four key sections on the basis of source, end-use, end-product and regions. The soybean market has been analyzed in some of the prime regions, such as North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America; the regions are analyzed in terms of revenue and volume generation. Of these, Asia Pacific leads the global soybean market in terms of demand, which is expected to increase further in the years to come due to its massive population, developing economies wherein more and more people are opting for healthy food. By source, the report has been segmented into conventional and organic segment. On the other hand, end-product include, protein, meal, oil and whole.
In the later part, the report contains details about the competitive landscape of the market. This competitive landscape offers a dashboard view of the key companies along with market share and company profiles. Key players in the global soybean market include Archer-Daniels Midland Co, House Foods Group Inc, E.I. du Pont de Nemours & Co., Kerry Inc., Fuji Oil Group, The WhiteWave Foods Company, CHS Inc., Cargill Inc, The Scoular Company, and the like.
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