About Soy Granules
Soy granules are defined as the tiny pellets that are constituted by soybeans. It is basically smaller than soya chunk and it is almost the size of grains. Numerous health benefits of soy granules are increasing bone density, reduce the risk of heart failure, reduces the cholesterol level in the blood, a good source of vitamins, reduce the risk of breast cancer in women and others. Increasing usage of soy granules in various application such as convenience stores, departmental stores, among others and various heaths benefits regarding the usage of soy granules are some of the major factors which affect the growth of the market in future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is fragmented with numerous players focusing on technique and quality of the product due to which the global soy granules market can witness an upsurge in the forecast period. Analyst at AMA Research estimates that India Vendors will contribute the maximum growth to Global Soy Granules 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.
Ruchi Soya Industries (India), NOW Health Group (United States), Davert GmbH (Germany), Sita Shree Food Products Ltd. (India), Mahakali Foods Pvt Ltd (India), MDH Spices (India), The Scoular Company (United States), FRANK Food Products (Netherlands) and Natural Products, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Biopress S.A.S. (France) and Harvest Innovations (United States).
Segmentation Overview
AMA Research has segmented the market of Global Soy Granules market by , Application (Hypermarket/Supermarket, Departmental Stores, Convenience Stores and Others) and Region.
On the basis of geography, the market of Soy Granules 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 Packaging, the sub-segment i.e. Carton packaging will boost the Soy Granules market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Nature Type, the sub-segment i.e. Organic Soy Granules will boost the Soy Granules market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Government Initiative to Promote Organic Farming Globally
Market Growth Drivers:
Rising Demand for Organic Products and High Nutritional Value of Soy and Increasing Consumer Attitude towards Organic Food and Growing Vegan Population Globally
Challenges:
The problem regarding Non-Certified Organic Food Sector and Low Consumer awareness regarding the benefit Soy Granules
Restraints:
Issue related to High Cost of Organic Protein
Opportunities:
Rising Demand from Emerging Market such as China, India, Philippines, and others
Market Leaders and their expansionary development strategies
In November 2022, Expanding its oilseeds network, Cargill has entered a definitive agreement to acquire Owensboro Grain Company, LLC, a fifth-generation family-owned soybean processing facility and refinery located in Owensboro, Kentucky, US.
In December 2023, Nestlé is actively exploring the use of plant-based ingredients to bring nutritious proteins to consumers affordably and sustainably. The company recently launched Maggi Soya Chunks, a tasty, affordable, plant-based meat alternative that enables consumers in Central and West Africa to add high-quality protein to their everyday food.
Key Target Audience
Soy Granules Manufacturers, Research Institutions, Raw Material Suppliers, Government bodies, Distributors and End users
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 a 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 the purpose to understand the companies positioning regarding the 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 a 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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.