USA and Brazil will Dominate the Soybean Market
USA and Brazil will dominate the Soybean market in the forecast period since majority of the soybeans is produced in these countries. Various industries around the globe have increased the demand for soybean products. In Asia Pacific, the growth of soy products can be attributed to increasing population, developing countries where people choose healthy food and where there is a growing awareness about the high protein content of soybean. The growth of the animal feed industry and nutraceuticals are also propelling the growth of the market in Asia Pacific.
Selected Regulatory Analysis Done in the Full Report:
The soy meal segment, followed by the soy oil segment, will drive the growth of the soybean market during the forecast period. The animal feed segment will also have a maximum share in the market. The end products of the soybean market include protein, oil, meal and others namely tofu, soybean milk and fibre.
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Selected Driving Factors Mentioned in the Full Report:
The growing awareness among people about the health benefits of soybean will drive the demand for soybean products.
The high demand for soybean oil elevates the demand for soybean processing during the forecast period.
The changing lifestyles of people will spur the growth of the soybean market in the future.
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Key Players of the Soybean Market:
The companies which dominate the Soybean Market include Kerry Inc., Fuji Oil Group, House Foods Group Inc, The WhiteWave Foods Company. Kerry Inc manufactures food and beverage ingredients and flavor products for the food and beverage industry. Fuji Oil Group provides intermediate food ingredients and places high priority on product safety and quality. House Foods Group manufactures and sells foodstuffs. WhiteWave Foods provides plant based foods and beverages.
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