Soybean Derivatives Market
Report ID: SQMIG30H2174
Report ID: SQMIG30H2174
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Report ID:
SQMIG30H2174 |
Region:
Global |
Published Date: February, 2025
Pages:
189
|Tables:
94
|Figures:
72
Global Soybean Derivatives Market size was valued at USD 258.34 Billion in 2024 and is poised to grow from USD 277.46 Billion in 2025 to USD 491.17 Billion by 2033, growing at a CAGR of 7.4% during the forecast period (2026–2033).
The global soybean derivatives market growth is driven by the predominant use of soybean derivatives in the food and beverage industry on account of growing protein consumption. Soybean derivatives are processed to manufacture salad dressings, baked goods, sauces, breads, mayonnaise, and potato chips. Rising environmental awareness towards reducing GHG emissions has promoted the market growth of naturally derived products. The European Commission and EPA have developed most of the rules that would foster the usage and production of biodiesel. This progress is bound to boost the demand in the market for raw materials to be used in the manufacture of biodiesel in the next years.
Rising interest in recycling and the need to substitute the scarce resources such as wood has promoted the application of soybean derivatives in the manufacture of biocomposites. Bio-composites are being increasingly used in construction, automobiles, aerospace, and packaging industries because of their eco-friendly nature. Increasing the application of bio-composites in the plastics industry to manufacture carpet backing and truck bed lining on account of competitive pricing and environmental friendliness is expected to have a positive impact on the global soybean derivatives market in the future. Some other applications for soybean byproducts are for insulation, considering they have relatively good insulation values and low VOCs. That makes it an avenue that has contributed to business and household economies cutting heating and cooling costs. During the given forecast period, this is one aspect that would have a favorable effect on the market.
Market snapshot - 2026-2033
Global Market Size
USD 240.54 billion
Largest Segment
Supermarkets
Fastest Growth
Online Retail
Growth Rate
7.4% CAGR
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Global Soybean Derivatives Market is segmented by Derivative Type, End-Use, Distribution Channel and region. Based on Derivative Type, the market is segmented into Soybean Meal, Soybean Oil, Soy Lecithin and Soy Protein Isolate. Based on End-Use, the market is segmented into Food and Beverages, Animal Feed, Personal Care and Cosmetics and Pharmaceuticals. Based on Distribution Channel, the market is segmented into Departmental Stores, Supermarkets, Online Retail and Other Channels. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Based on the 2024 global soybean derivatives market forecast, the soybean meal segment is considered dominant in the market because this ingredient plays as a protein resource in animal feeding. It feeds several animals in livestock, such as chickens, pigs, and cattle. These are basic requirements for development and production among many types of animals in livestock. This further increased global consumption of meat and dairy products, thereby increasing reliance on soybean meals, which stands as a major foundation for animal husbandry. In addition to this, soybean meal availability, cost-effectiveness, and high-quality protein compared with other feed have been reasons solidifying its dominant position in the market to cater for an increasingly burgeoning population and the agricultural sector.
The soy protein isolate is in high demand since it is also gaining popularity throughout the globe with regard to the shift to plant-based diets and increased awareness about health concerns. It provides an excellent, easily digestible source of protein of high quality to consumers desiring alternatives other than animal-derived products. A wide range of applications in foods and beverages, meat substitutes, dairy alternatives, protein shakes, and fitness supplements. Due to increasing veganism trends and environmental sustainability, its acceptability is more substantial. Versatility, functionality, and ability to add nutritional value make the ingredient more desirable to manufacturers and consumers alike in the new emerging market landscape.
As per the 2024 global soybean derivatives market analysis, the supermarkets category dominated the market. This is because they are relatively accessible, diverse, and convenient. Consumers receive all these varied products under one roof from soy milk and soy protein powders to, lecithin and cooking oils, so supermarkets offer both one-stop-shop experience and considerable product diversity and providing various brands of and types of products to fit many tastes. Both individual customers and bulk customers are accommodated. Competitive pricing, promotions, and loyalty programs make it more attractive. Besides, supermarkets have their presence in the already established urban and semi-urban locations, which gives them high convenience for an enormous number of customers. With constant footfall and customer experience, supermarkets form the backbone of the soybean derivatives market.
The growth rate in the soybean derivatives market is expected to be the fastest for online retail. It is accessible due to the various soybean products available on health-oriented websites and online retailers such as Amazon and Walmart. Similar to this, internet retailing has become more popular with time, especially among younger and more technologically advanced consumers, through subscription models, competitive pricing, and tailored suggestions. The trend of shopping from home has been boosted by the capability to shop online, coupled with the increasing penetration of smartphones and internet connectivity. Moreover, with online platforms, manufacturers can sell their products across the globe. This means a product that one cannot find locally can be provided to the same customer.
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North America, particularly the United States, holds the dominant position in the soybean derivatives industry since it is the large producer of soybeans globally. The U.S. has currently emerged as the highest producer and exporter of soybeans, thus giving way to a booming industry for soybean derivatives such as meal, oil, lecithin, and protein. Such regions have robust agriculture infrastructure, the most advanced processing technologies, and well-established networks of distribution. This is because increased demand for animal feed and higher consumer interest in plant-based products such as soy protein isolate, and soy milk are all raising the need for soybean derivatives in North America. Supermarkets, specialty stores, and online retailers in this region are highly competitive, which makes it a market leader.
Over the next decade, Asia-Pacific is to grow the fastest in the soybean derivatives market. Rapid urbanization, the increase in disposable incomes, and a growing consciousness toward health and nutrition are factors boosting demand for sources of plant-based protein, particularly soy. Countries such as China and India with large populations, are witnessing high consumption of soybean-based products in animal feed and food application. In addition, the plant-based diet along with the retail channels and the e-commerce platforms have increased the acceptance of soy-based products. This region is most predicted to continue its growth trend as the population and economy increase.
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Increasing Demand for Plant-Based Products
Increased Meat Consumption
Volatility in Soybean Price
Environmental Concerns
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SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global soybean derivatives market outlook is expected to change steadily with increasing demand for plant-based protein products, rising meat consumption, and developments in processing technologies. North America is the leader in this regard, as its production capabilities are strong, and Asia-Pacific is set to grow at the fastest pace due to a rise in disposable incomes and shifting dietary preferences. Although volatile soybean prices and environmental issues make the market face a challenge, resilience lies through innovative product lines and sustainable practices. Consumers are demanding healthy and sustainable goods; therefore, companies will have to offer healthy, ethically produced products. Significant potential also lies in functional foods, animal feed, and plant-based alternatives.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 258.34 Billion |
| Market size value in 2033 | USD 491.17 Billion |
| Growth Rate | 7.4% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Soybean Derivatives Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Soybean Derivatives Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Soybean Derivatives Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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