The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Soybean Processing Global Market Report 2024 offers crucial insights into the soybean processing market help businesses analyse and build stronger strategies.

Current Market Overview

• Market size in 2023: $84.91 billion
• Expected growth in 2024: $91.79 billion
• CAGR (2023-2024): 8.1%
• Growth drivers:
  • Industrial revolution impact
  • Protein demand surge
  • Health and nutrition awareness
  • Agricultural policies
  • Economic shifts

Future Market Projections

• Expected market size in 2028: $127.34 billion
• CAGR (2024-2028): 8.5%
• Growth drivers:
  • Growing global population
  • Rise in plant-based alternatives
  • Sustainability initiatives
  • Shift in consumer preferences
  • International trade dynamics

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Major Trends in the Forecast Period

• Clean label preferences
• Functional food innovation
• Advanced processing methods
• Sustainable agriculture practices

The Role Of Soybean Processing In Combating Obesity

Impact on Health

• Soybean processing aids in preventing obesity
• Benefits in experimental obesity models:
  • Reduction in body fat formation
  • Improved insulin resistance
• Example: Obesity statistics in the UK, January 2023
• Notable companies:
  • Archer-Daniels-Midland Company
  • DuPont de Nemours Inc.
  • CHS Inc.
  • The Scoular Company
  • Fuji Holdings Corporation

Key Industry Players

• Batory Foods Inc.
• Nutra Food Ingredients LLC
• Osage Food Products Inc.
• Bunge Limited
• Cargill Incorporated
• Wilmar International Ltd.

Revolutionizing Soybean Processing Through Technology

Technological Innovations

• Example: April 2021 launch of photo seed technology by Zeakal Inc.
• Features:
  • Enhances oil and protein content in soybeans
  • Improves sustainability profiles
• Yield improvements equivalent to contemporary cultivars

Strategic Acquisitions

• Example: January 2023 acquisition of Owensboro Grain Company LLC by Cargill Inc.
• Benefits:
  • Expanding capacity in North American oilseeds network
  • Meeting rising demand in food, feed, and renewable fuel sectors

Market Segmentation

By Product

• Whole Soybean
• Meal
• Oil
• Other Products

By Source Type

• Conventional
• Genetically Modified Organisms (GMO)
• Non-Genetically Modified Organism (Non-GMO)
• Organic

By Distribution Channel

• Online Distribution
• Offline Distribution

By Application

• Animal Feed
• Aqua Feed
• Biofuel
• Food And Beverages
• Personal Care
• Other Applications

Regional Insights

Current Leading Region

• Asia-Pacific (largest market in 2023)

Conclusion

The soybean processing market is witnessing robust growth driven by health awareness, sustainability initiatives, and technological advancements. With a focus on combating obesity and meeting nutritional demands through innovative products, the market is set to expand further. Strategic acquisitions and advancements in processing technologies are reshaping the industry, ensuring efficient production and enhanced nutritional value. As consumer preferences shift towards plant-based diets and sustainable practices, the soybean processing market remains pivotal in the global food and agriculture landscape.

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The Soybean Processing Global Market Report 2024  provides a comprehensive outlook of the soybean processing market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The soybean processing market forecast offers a thorough analysis on soybean processing market size, soybean processing market share, prominent players and their strategies.

The Table Of Content For The Soybean Processing Market Include:
1. Soybean Processing Market Executive Summary
2. Soybean Processing Market Segments
3. Soybean Processing Market Size And Soybean Processing Market Growth Rate
4. Key Soybean Processing Market Trends
5. Major Soybean Processing Market Drivers
……
25. Key Mergers And Acquisitions In The Soybean Processing Market
26. Top Soybean Processing Companies
27. Soybean Processing Market Opportunities And Strategies
28. Soybean Processing Market, Conclusions And Recommendations
29. Appendix

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