The Soybean Processing Global Market Report 2023, provides comprehensive information on the soybean processing market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Soybean Processing Global Market Report 2023, the market size is expected to grow from $78.78 billion in 2022 to $84.91 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global soybean processing market size is expected to reach $116.19 billion in 2027 at a CAGR of 8.2%.
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Technological advancements are a key trend gaining popularity in the soybean processing market going forward. Major companies operating in the soybean processing market are developing innovative technologies to strengthen their position in the market. For instance, in April 2021, Zeakal Inc., a US-based company for plant science and technology designed to increase the photosynthetic capacity and efficiency of plants, launched photoseed technology. This technology enhances soy’s oil, protein, and sustainability profiles, resulting in increased nutritional value and supply-chain profitability. PhotoSeed enhanced oil composition by up to 17% and protein by up to 7% on a dry weight basis, with yields equivalent to contemporary cultivars.
The soybean processing market is segmented:
1) By Product: Whole Soybean, Meal, Oil, Other Products
2) By Source Type: Conventional, Genetically Modified Organisms, Non-Genetically Modified Organism, Organic
3) By Distribution Channel: Online Distribution, Offline Distribution
4) By Application: Animal Feed, Aqua Feed, Biofuel, Food And Beverages, Personal Care, Other Applications
Asia-Pacific was the largest region in the soybean processing market in 2022.
The table of contents in TBRC’s soybean processing market report includes:
- Executive Summary
- Soybean Processing Market Characteristics
- Soybean Processing Market Trends And Strategies
- Soybean Processing Market – Macro Economic Scenario
- Soybean Processing Market Size And Growth
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- Africa Soybean Processing Market
- Soybean Processing Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Soybean Processing Market
- Soybean Processing Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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