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Soybean Market Share, Size, Price, Trends, Growth, Analysis, Report, Forecast 2023-2028

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The ‘Global Soybean Market Size, Trends, Growth, Analysis, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global soybean market, assessing the market on the basis of its segments like applications, and major regions.

The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.

Soybean Market Share, Size, Industry Report, Key Player, Major Segments, and Forecast

The key highlights of the report include:

Market Overview (2018-2028)

Historical Market Volume (2022): USD 151.4 billion
Forecast CAGR (2023-2028): 4.1%
Forecast Market Volume (2028): USD 192.68 billion

The increasing demand for protein rich diets, owing to the changing lifestyles of working adults towards health and fitness is driving the market growth for soybeans. In addition, soybean contains omega-3 fats, vitamin B, and numerous types of minerals. Hence, the increasing nutritional requirements of the consumers is leading to a heightened growth of the soybean market. Soybean also proves to be a healthier option as compared to food products high in cholesterol or fat content.

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The rising demand for soy meal and soy oil in the food and animal feed industry is leading to an increase in application of soybean in the crushing sector where these products are extracted. Soybean products are widely used to feed lactation cows. Meals derived from soybean are also helpful in battling chronic conditions such as anaemia. Hence, the increasing prevalence of anaemia is bolstering the demand for soybean-based meals.

Over the forecast period, the anticipated increase of vegan culture is likely to bolster the demand for soybean as a high-protein meat alternate, which is expected to aid the global soybean market in the forecast period.

Soybean Industry Definition and Major Segments

Soybean is an edible seed which belongs to the pea family of Fabaceae. The height of soybean plants can reach up to 2 metres. Soybean is known to be one of the most cost-effective and richest protein sources. Soybean is widely utilised in the food and beverage industry.

Read Full Report with Table of Contents@ https://www.expertmarketresearch.com/reports/soybean-market

Based on application, the market can be segmented into:

Crush
Feed Use
Food Use

On the basis of region, the market can be categorised into:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Soybean Market Trends

The key trends in the soybean market include growing research and development activities by major food manufacturing companies aimed towards introducing cheap and high-protein meat alternatives. The thriving e-commerce industry is another crucial trend which is bolstering the sale of premium packaged downstream soybean products such as soybean chunks.

Soybean has numerous medical benefits as it helps treat sleep disorders, controls damage caused by diabetes, improves circulation of blood, and offers folic acid and vitamin B which are beneficial for pregnant women. Hence, the growing research and development activities in the pharmaceutical sector are anticipated to expand the scope of incorporation of soybean in pharmaceuticals in the forecast period.

Regionally, North America occupies a sizable share in the soybean market. The prospering food and beverage industry across developed economies such as the United States and Canada is a key driving factor of the market. In addition to this, the increasing prevalence of obesity in the region is leading to a change in lifestyles towards protein and vitamin rich food.

The Asia Pacific region is expected to witness significant growth in the coming years due to the large population base in the developing countries like India and China.

Key Market Players

The major players in the soybean market report are

Olam International,
Fuji Oil Co., Ltd.,
CHS Inc.,
Cargill, Incorporated,
The Scoular Company,
others.

The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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About Us:

Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.

EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.

Media Contact

Company Name: Claight Corporation
Contact Person: Christopher, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gloud Street, Sheridan, WY 82801, USA
Website: https://www.expertmarketresearch.com

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