Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 191 Billion | USD 346.91 Billion | 7.71% | 2021 |
FrequentlyAsked Questions
The global soybean derivatives market is projected to benefit from the changing consumption pattern amongst end-consumers. With growing consumer awareness, more people are changing their inclination toward non-meat sources of nutrition. The trend has gained more momentum post-Covid-19 during which many people switched food habits to more natural sources or origins.
According to study, the global soybean derivatives market size was worth around USD 191 billion in 2021 and is predicted to grow to around USD 346.91 billion by 2030 with a compound annual growth rate (CAGR) of roughly 7.71 % between 2022 and 2030.
The global soybean derivatives market is projected to be dominated by North America in the coming years. The regional growth may be driven by the stronghold of the US and Brazil in the production of soybean supply as these two countries are responsible for at least 64% of the global soybean supply.
The global soybean derivatives market is led by players like Cargill Inc., Bunge Limited, Wilmar International Company, Ruchi Soya Industries Limited, Archer Daniels Midland Company, DuPont Nutrition and Health, AG Processing Inc, and Louis Dreyfus Commodities.
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