| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| CAGR | 5.76 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Soybean Derivatives Market Analysis
The Soybean Derivatives Market is expected to register a CAGR of 5.76% during the forecast period.
The rising demand for high protein food due to the increased consumer health consciousness may foster the market's growth over the short term. Meanwhile, soybean derivative suppliers continue to make significant changes to address food manufacturers' functional and performance needs. Soy ingredients deliver value in nutrition, function, and cost and position flexibility in organics, general wellness, nutrient content, and health claims.
Geographically, Asia-Pacific dominates the soybean derivatives market, followed by North America. Europe is expected to have the fastest growth in the market.
Soybean Derivatives Market Trends
Increased Demand for Plant-based Protein
Consumer tastes are shifting toward a more nutritious diet focusing on a more sustainable lifestyle and less reliance on animal proteins. According to the Veganz study, 23% of Europeans are flexitarian. Among the 23%, most (57%) want to become vegetarians, while 8% hope to adopt a vegan diet. At the country level, major European countries with flexitarian eaters are Austria (31.8%), Germany (30%), and Portugal (28.6%), with major drivers being health and sustainability. This shift from traditional animal-based products to organic and plant-based food items as an optimum dietary option is paving the way for the soybean derivatives market globally. Consumer acceptance of plant-based foods and drinks increased in recent years due to a broader range of product availability, enhanced product development and innovation in plant-based proteins, and a wider range of accessible alternatives and replacements. For instance, the US retail sales of plant-based foods grew by 27% in 2020, bringing the market value to USD 7 billion, according to data from the Plant-based Foods Association and The Good Food Institute, Washington.
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North America to Drive the Global Market
North America is a leading producer and exporter of soybean in the world. The driving factors for soy protein ingredients in North America are the changing food consumption patterns and food requirements and inclination toward vegetarian products for protein sources. Moreover, as per the data released by the Soy Nutrition Institute, the United States produces about one-third of all soybeans in the world, followed closely by Brazil and Argentina. This factor is increasing the scope for further production of soy ingredients in the country. The production of soy protein-based products, particularly beverages made from soy, is growing rapidly in the health food industry.
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Soybean Derivatives Industry Overview
The soybean derivatives market is highly competitive, with the presence of a large number of domestic and multinational players competing for market share. Product innovation is a major strategic approach adopted by leading players. Additionally, mergers, expansions, acquisitions, and partnerships are common strategies adopted by companies to expand their presence and boost the market. The key players in the soybean derivatives market include Cargill Incorporated, Archer Daniels Midland Company, CHS Inc., Bunge Limited, and Louis Dreyfus Company BV.
Soybean Derivatives Market Leaders
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Archer Daniels Midland Company
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Bunge Limited
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CHS Inc.
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Cargill Incorporated
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Louis Dreyfus Company BV
- *Disclaimer: Major Players sorted in no particular order
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Soybean Derivatives Market News
- In 2021, Bunge expanded its soy protein manufacturing plants by purchasing two soy processing plants from the local crusher Imcopa for USD 12 million.
- In 2021, CHS expanded its soybean oil refining capacity at the Mankato plant, which may increase the production capacity by more than 35%.
- In 2020, ADM formed a joint venture with beef producer, Marfrig. Through this collaboration, ADM aimed to supply plant-based products, including soy flour, soy protein concentrates, isolated soy proteins, textured protein, wheat protein isolates, and other products, to the North and South American markets.
Soybean Derivatives Industry Segmentation
Soybean derivatives are ingredients obtained from soybean either by crushing, drying, or other processing methods. The soybean derivatives market was segmented by type and application. The food and beverage segment is further segmented into bakery, breakfast cereals, pasta and noodles, meat and meat products, beverages, and other food and beverage segments. The study analyzes the soybean derivatives market in the emerging and established regions globally, including North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. The report offers market size and forecast for soybean derivatives in value (USD million) for all the above segments.
| By Type | Soy Oil | ||
| Soy Milk | |||
| Soy meal | |||
| Other Types | |||
| By Application | Food and Beverages | Bakery | |
| Breakfast cereals | |||
| Pastas and Noodles | |||
| Meat and Meat Products | |||
| Beverages | |||
| Other Food and Beverages | |||
| Feed | |||
| Other Applications | |||
| By Geography | North America | United States | |
| Canada | |||
| Mexico | |||
| Rest of North America | |||
| Europe | Spain | ||
| United Kingdom | |||
| Germany | |||
| France | |||
| Italy | |||
| Russia | |||
| Rest of Europe | |||
| Asia-Pacific | China | ||
| Japan | |||
| India | |||
| Australia | |||
| Rest of Asia-Pacific | |||
| South America | Brazil | ||
| Argentina | |||
| Rest of South America | |||
| Middle-East and Africa | South Africa | ||
| United Arab Emirates | |||
| Rest of Middle-East and Africa | |||
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Soybean Derivatives Market Research FAQs
What is the current Soybean Derivatives Market size?
The Soybean Derivatives Market is projected to register a CAGR of 5.76% during the forecast period (2025-2030)
Who are the key players in Soybean Derivatives Market?
Archer Daniels Midland Company, Bunge Limited, CHS Inc., Cargill Incorporated and Louis Dreyfus Company BV are the major companies operating in the Soybean Derivatives Market.
Which is the fastest growing region in Soybean Derivatives Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Soybean Derivatives Market?
In 2025, the North America accounts for the largest market share in Soybean Derivatives Market.
What years does this Soybean Derivatives Market cover?
The report covers the Soybean Derivatives Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Soybean Derivatives Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Soybean Derivatives Industry Report
Statistics for the 2025 Soybean Derivatives market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Soybean Derivatives analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
