About Soy Derivative
Soy derivatives are available in various types such as soy oil, soy meal, soy protein, soy lecithin, soy milk, soy granules, and others. Various advantages of using soy derivative such as reduce menopause symptoms, improve fertility, help lower cholesterol, among others. Demand for soy derivatives has increased, owing to the increasing usage of soy derivatives in various applications. For instance, According to an article published by Food and Agriculture Organization (Canada), it is expected to reach 515 million tonnes by 2050, while other projections suggest a 2.2 % increase per year until 2030. Therefore, increasing demand for soy products and rising disposal income among middle-class families are projected to drive the global Soy derivatives market over the forecast period.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Global soy derivative market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Soy Derivative market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Cargill Inc. (United States), CHS Inc. (United States), Ruchi Soya Industries Ltd (India), Dupont Nutrition and Health (Canada), Noble Group Ltd (Hong Kong), Wilmar International Ltd (Singapore), Archer Daniels Midland Company (United States), Bunge Ltd (United States) and Louis Dreyfus Company BV (Netherlands) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Turtle Mountain (United States), The Hain Celestial Group (United States), AFC Soy Foods (United States), Alpro (Belgium), DF Mavens (United States), Earth’s Own Food Company (Canada) and Dean Foods Co., (United States).
Segmentation Overview
AMA Research has segmented the market of Global Soy Derivative market by Type (Soy Oil, Soy Meal, Soy Protein, Soy Lecithin and Soy Milk), Application (Feed {livestock feed, others}, Food and Fuel {biodiesel, others}) and Region.
On the basis of geography, the market of Soy Derivative has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Raw Material, the sub-segment i.e. Organic will boost the Soy Derivative market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel , the sub-segment i.e. Supermarket will boost the Soy Derivative market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Vertical , the sub-segment i.e. Food & Beverage will boost the Soy Derivative market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Processing, the sub-segment i.e. Water will boost the Soy Derivative market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
In 2021, Nestle has launched a dairy-free, plant version of Milo for the Asian market. Therefore, the product replaces milk with other products such as almonds and soy. In addition to Milo, the company plans to launch a plant-based Nescaffe latte on the market., In 2021, Mitake Food Industry, a leading Japanese rice flour manufacturer, has launched a new product called Tempura Rice Powder in the United States. and In 2021, Living Health Foods Pvt. Ltd. has launched a new brand known as So Good Protein+, a plant-based dairy-free milk. This product contains 25% more protein than regular soy milk. This product is also suitable for people with lactose intolerance and diet conscious people.
In May 2018, according to the Food Safety and Standards Authority of India, there is specific standard for refined vegetable oil, sunflower seed oil and sunflower seed oil, with the inclusion of a new standard for chia oil. Hence, it may acts restrain for the growth of market in future.
Market Drivers
- Augmented Awareness of the Nutritional Benefits of Soy Protein
- Rising Disposal Income among Middle-Class Families in Developing Countries
Opportunities
- Government Initiative to Expand Soy derivatives market
Restraints
- Stringent Government Regulation regrading Soy Derivatives
Challenges
- Issue related to Some Side Effect of Soy Derivative
Key Target Audience
Soy Derivative Manufactures, Government Associations, Market Research and Consulting Firms, Government Regulatory Authorities and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.