Soybean Derivatives Market Size, Share, and Growth Analysis

Soybean Derivatives Market By Derivatives Type (Soybean Meal, Soy Protein Isolate), By End Use (Food & Beverages, Animal Feed), By Distribution Channel (Supermarkets, Online Retail), By Region -Industry Forecast 2025-2032


Report ID: SQMIG30H2168 | Region: Global | Published Date: January, 2025
Pages: 189 |Tables: 94 |Figures: 72

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Soybean Derivatives Market Insights

Global Soybean Derivatives Market size was valued at USD 259.80 Billion in 2023 and is poised to grow from USD 277.98 Billion in 2024 to USD 477.62 Billion by 2032, growing at a CAGR of 7% in the forecast period (2025-2032).

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 - (2025-2032)

Global Market Size

USD 259.80 Billion

Largest Segment

Supermarkets

Fastest Growth

Online Retail

Growth Rate

7% CAGR

Global Soybean Derivatives Market ($ Bn)
Country Share for North America (%)

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Soybean Derivatives Market Segments Analysis

The global soybean derivatives market is segmented into derivatives type, end use, distribution channel, and others. By derivatives type, the market is classified into soybean meal, soybean oil, soy lecithin, soy protein isolate, and others. Depending on end use, it is categorized into food & beverages, animal feed, personal care & cosmetics, pharmaceuticals, and others. According to distribution channel, the market is divided into supermarkets, specialty stores, and online retail. Regionally, it is studied across North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.

Analysis by Derivatives Type

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.

Analysis By Distribution Channel

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.

Global Soybean Derivatives Market By Distribution Channel

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Soybean Derivatives Market Regional Insights

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.

Global Soybean Derivatives Market By Geography
  • Largest
  • Fastest

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Soybean Derivatives Market Dynamics

Drivers

Increasing Demand for Plant-Based Products

  • The growing need for plant-based diets, led by health, sustainability, and ethics, has been a prime mover in the global soybean derivatives market. Increasing consumption of soy-based products, such as soy protein isolate, soy milk, and other snack foods based on soya, account for their high nutritional and environmental merits. The trend, given an added impetus among vegan and vegetarian populations, is propelling the market globally.

Increased Meat Consumption

  • With the rising demand for meat across the globe, especially in the developing nations such as China, India, and Brazil, the usage of animal feed is witnessing a surge. Soybean meal is among the major feed for livestock; therefore, growth in animal husbandry has boosted growth in the soybean derivative market. This will be witnessed further as the globe witnesses an increased number of middle class in the future.

Restraints

Volatility in Soybean Price

  • Soybean prices vary significantly due to climatic conditions, geopolitical events, and supply chain disruptions worldwide. Such fluctuations make it challenging for manufacturers and producers of soybean derivatives, as unpredictable costs affect profitability. Raw material pricing volatility also impacts the cost structure for businesses processing soy, which could result in uncertainty in the market.

Environmental Concerns

  • Growing awareness of sustainability issues globally has placed environmental impacts of large-scale soybean farming in the spotlight, including deforestation and water usage. Loss of biodiversity, soil degradation, and carbon footprint in soybean production have led to more questions about better practices. These concerns can dampen market growth, especially in regions where consumers demand more ethically produced and certified sustainable soy products.

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Soybean Derivatives Market Competitive Landscape

The global soybean derivatives market contains both large, multinational corporations and smaller regional players. The major players in the market are Cargill, Archer Daniels Midland (ADM), and Bunge, with solid distribution networks, modern processing technologies, and many well-known brands. The competition of smaller companies takes place in specialized products, sustainable sourcing, and niche markets-in particular in plant-based and organic products. The market still is highly competitive, with innovation and sustainability as drivers.

Top Players in Soybean Derivatives Market

  • Archer Daniels Midland Company (ADM)
  • Cargill
  • Incorporated
  • Bunge Limited
  • Louis Dreyfus Company (LDC)
  • Wilmar International Limited
  • CHS Inc
  • AG Processing Inc (AGP)
  • DowDuPont
  • Richardson International Limited
  • Kerry Group plc
  • Ingredion Incorporated
  • Fuji Oil Co.
  • CHS Inc
  • Blue Diamond Growers
  • Scoular Company.

Recent Developments

  • October 2023: French agriculture & food processing activities- Louis Dreyfus Company B.V., plans to erect a soybean processing facility at Ohio, by crushing approximately 1.5 million metric tonnes of soybeans annually. This facility would come up during the early phase of 2024.
  • October 2023: Nestle SA, the multinational food and beverages firm, has unveiled instant milk powder across the Central and West African markets. Hybrid instant milk products are made from dairy and plant-based sources, or soy.
  • February 2023: Nestle S.A., the Swiss company that leads in the global food and beverage industry, has launched a new high-protein drink named "Milo Soy" with soy and barley malt extract. The business had to overcome almost USD 4.09 million to create and sell the product that was introduced for the Thai market.

Soybean Derivatives Key Market Trends

Soybean Derivatives Market SkyQuest Analysis

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 2023 USD 259.80 Billion
Market size value in 2032 USD 477.62 Billion
Growth Rate 7%
Base year 2024
Forecast period (2025-2032)
Forecast Unit (Value) USD Billion
Segments covered
  • Derivatives Type
    • Soybean Meal, Soybean Oil, Soy Lecithin, Soy Protein Isolate, and Others
  • End Use
    • Food & Beverages, Animal Feed, Personal Care & Cosmetics, Pharmaceuticals, and Others
  • Distribution Channel
    • Supermarkets, Specialty Stores, and Online Retail
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
  • Archer Daniels Midland Company (ADM)
  • Cargill
  • Incorporated
  • Bunge Limited
  • Louis Dreyfus Company (LDC)
  • Wilmar International Limited
  • CHS Inc
  • AG Processing Inc (AGP)
  • DowDuPont
  • Richardson International Limited
  • Kerry Group plc
  • Ingredion Incorporated
  • Fuji Oil Co.
  • CHS Inc
  • Blue Diamond Growers
  • Scoular Company.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Soybean Derivatives Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Soybean Derivatives Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

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.

Analyst Support

Customization Options

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.

Regional Analysis: Further analysis of the Soybean Derivatives Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Soybean Derivatives Market size was valued at USD 259.80 Billion in 2023 and is poised to grow from USD 277.98 Billion in 2024 to USD 477.62 Billion by 2032, growing at a CAGR of 7% in the forecast period (2025-2032).

The global soybean derivatives market contains both large, multinational corporations and smaller regional players. The major players in the market are Cargill, Archer Daniels Midland (ADM), and Bunge, with solid distribution networks, modern processing technologies, and many well-known brands. The competition of smaller companies takes place in specialized products, sustainable sourcing, and niche markets-in particular in plant-based and organic products. The market still is highly competitive, with innovation and sustainability as drivers. 'Archer Daniels Midland Company (ADM)', 'Cargill', 'Incorporated', 'Bunge Limited', 'Louis Dreyfus Company (LDC)', 'Wilmar International Limited ', 'CHS Inc', 'AG Processing Inc (AGP)', 'DowDuPont', 'Richardson International Limited', 'Kerry Group plc', 'Ingredion Incorporated', 'Fuji Oil Co.', 'CHS Inc', 'Blue Diamond Growers', 'Scoular Company.'

The growing need for plant-based diets, led by health, sustainability, and ethics, has been a prime mover in the global soybean derivatives market. Increasing consumption of soy-based products, such as soy protein isolate, soy milk, and other snack foods based on soya, account for their high nutritional and environmental merits. The trend, given an added impetus among vegan and vegetarian populations, is propelling the market globally.

High Utilization in Functional Foods: Soy derivatives are becoming more frequently used in functional food manufacturing to create a specific health effect that is greater than simple nutrition. Soy protein isolate and lecithin are some of the ingredients that are added to heart health, muscle building, and weight control products. This is an expanding area, showing increasing interest in healthy and nutritionally enriched foods, where soy has played its role in this process of evolution.

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.

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