The soybean derivatives market lays a significant impact on not only the food and beverage industry, but on other industrial applications as well. The major force driving the market is the growing consumption of processed foods, marked by growing population and changing lifestyles. The developing countries are majorly adapting the western culture, which is influencing the food and beverage industry. Increasing awareness among consumers about health, and huge demand coming from animal feed industry are other major factors driving this market. The soybean crop is processed into vegetable oil and soy meal and almost all of that meal is used in animal feed, which in turn is driving the market for animal feed.
Many different industries like petroleum industry, sugar confectionery industry, bakery industry, dairy industry, and many others have also increased the demand for soy derivatives in all parts of the world by providing proper supply, which meets the humongous demand. The usage of soybean derivatives in this industry is vivid and vast. For example, soybean derivatives usage in livestock and pet feed is high. It is one of the most consistent and high-quality protein sources available for feeding livestock and poultry. Soy has also a major part to play in feed, which has accelerated the growth of the soybean derivatives markets to quite an extent. In the food industry, soybean derivatives are majorly used in manufacturing baked products, sauces, snacks, and spreads. Rising environmental apprehensions and volatility in crude oil prices has resulted in shifting trends towards naturally derived products.
Soy allergy is very commonly associated with children. It is found that most children outgrow their soy allergy at the early age of 10 years. This makes the parents cautious about providing food to their children that might contain soy in any form of ingredient. This is a major restraint for the market. Soy lecithin contains an acute amount of soy protein. Due to this reason, the products containing soy lecithin are required to include it in the ingredient information on the label of those foods, declaring the presence of soy. This labelling requirement prevents in the purchasing of the product, which ultimately is a restraint for the market. High health hazards like, rising obesity among the population, high fructose and sugar content, low nutrients and highly refined carbohydrates in the food, is another restraint for the market.
There are many opportunities in the market for soybean derivatives, especially in the processed food market growing in the emerging countries. The market is growing due to the high influence of west. The rising economy and the disposable income is another factor adding to the opportunity in the market. Soybean derivatives are widening its usage in different segments such as bio-diesel, soy-based wood adhesives, soy ink, soy based lubricants and soy crayons, broadening the market for soybean derivatives.
In 2015, the global soybean derivatives market is estimated to be led by the Asia-Pacific region. The major contribution is by China, which is a major consumer of soybean derivatives. The market globally is growing at a large scale. North America is the second largest region in regards to the applications of the soybean derivatives. The major consumer in North America is USA for its high consumption of processed food.
Soybean derivatives are further categorized according to ingredient type, like soybean, soy oil, and soy meal. It is also categorized according to application type, where major consumption is arising from feed. Being a low-cost source of protein, soybean derivatives are widely used in animal feed and hence feed was found to be the biggest market for the same in 2014.
The rising level of acceptance among consumers that is witnessed by this market is due to the global presence of soybean derivatives products and its functional & nutritional value. Major participants in the soybean derivatives market are Archer Daniels Midland Company, Bunge ltd, Cargill Inc., Wilmar International ltd, and Louis Dreyfus Commodities Group. The vital strategies followed by key players are joint ventures, mergers, acquisition, and expansions.
This Report Offers:
Market definition for the specified topic along with identification of key drivers and restraints for the market.
Market analysis for the global soybean derivatives market, with region specific assessments and competition analysis on a global and regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their share of markets.
Identification and analysis of the macro and micro factors that affect the Soybean Derivatives market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Why Buy This Report?
For getting a comprehensive overview of the global soybean derivatives market.
To gain wide-ranging information about the major players in this industry and the strategies adopted by them.
To gain an insight about the major countries/regions in which this industry is blooming and identification of the regions, which are untapped.
1.1 Research Methodology
1.2 Definition of the Market
1.3 Report Description
2. Key findings of the study
3. Market Dynamics
3.1.1 High demand for plant-based alternatives to meat products
3.1.2 Global increase in demand for pea protein owing to proven high nutritional profile
3.1.3 Increasing number of younger population in Mexico
3.2.1 Very low consumer awareness for the product
3.2.2 High Production costs resulting in the same with product costs
3.3.1 Increased potential for plant proteins in sports drinks sector
3.3.2 Technological advancements in processing and production bringing down the product cost
3.4 Porter Five Forces Analysis
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyers
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute Products and Services
3.4.5 Degree of Competition
4. Market Segmentation
4.1 By Type
4.2 By Application
4.2.3 Nutritional Supplements
4.2.4 Meat Extenders
4.3 By Geography
4.3.1 North America
22.214.171.124 United States
5. Competitive Landscape
5.1 Mergers & Acquisitions
5.2 Joint Ventures
5.3 New Product Launches
5.4 Most active companies in the past five years
5.5 Market Share Analysis
6. Company Profiles
6.1 Axiom Foods, Inc.
6.2 Cosucra-Groupe Warcoing
6.3 Nutri-Pea Limited
6.4 Roquette Freres
6.5 Shandong Jianyuan Foods Co., Ltd
6.6 Sotexpro SA
6.7 The Scoular Company
6.8 Naturz Organics
6.10 Glanbia Plc
6.11 World Food Processing (WFP)