2 January 2019 –
The Global
Soybean Market and its derivatives has accounted increasing
positive impact on healthy body, food and beverage industry and demand from
other industries as well. Compared to several healthy food sources soybeans are
coined as “nutritional super power” owing to its biochemical properties such as
highest protein content, carbohydrates, substantial unsaturated fat, vitamins,
dietary fibers, and minerals. Increasing demand for soybeans have further
propelled the market growth owing to its useful phytochemicals which acts as a
drug store for treatment and prevention of several chronic diseases.
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Increasing chronic diseases such as several cardiovascular
diseases, osteoporosis, malnutrition and cancer have further boosted the demand
for soybean over the forecast period. Global soybean industry has been
segmented based on lecithin processing type, application, type, and region.
China accounted the major customer of soybean from Asia-Pacific region as of
2015 followed by North America as the second largest market in terms of
soy-derivatives application. Lecithin processing type segmented the soybean
market on the basis of acid, water and enzyme. On the basis of application the
soybean market is segmented into food, feed and others such as soy ink,
biodiesel, soy crayons, soy based wood adhesives and others. On the basis of
type the market is further segmented into soy meal, soybean and soy oil.
On the basis of region the soybean market is divided into
North America, Europe, Asia-Pacific, Latin America and Middle East &
Africa. Key driving factors identified to boost the soybean market growth
include rising awareness of health by consumers, increasing global population,
and rising demand for protein rich animal feed. Key industry players in the
soybean market include Bunge Ltd, Archer Daniels Midland Company, Cargill
Incorporated, Wilmar International Limited, Louis Dreyfus Commodities. Several
joint ventures, acquisitions and expansions and other various strategies have
been adopted by these companies to gain a strong competitive foothold in the
global market.
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Market Segment:
Key Applications
•
Pharmaceuticals
•
Food & Beverages
•
Feed
•
Industrial
Key Regions
·
North America
·
Europe
·
Asia Pacific
·
Middle East and Africa
·
South America
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