Global
Soybean Derivatives Market: Overview
A
significant rise in public awareness regarding the vast health
benefits of soybean in the past few years has made soybean one of the
most commonly used oilseeds in the food and beverages industry.
Soybean derivatives have been finding an array of applications across
many other industries such as animal feed and automotive of late, the
food industry still being the dominant consumer.
In
the food industry, soybean derivatives find use in products such as
spreads, snacks, breads, baked products, sauces, and mayonnaise.
Residual fibers produced after the extraction of oil from soybean are
used in the production of feed for aquaculture, bovine, swine, and
domestic pets. Soybean derivatives are also used to manufacture
lubricants and hydraulic fluids. Use of soybean derivatives for the
production of bio-diesel is also getting increased attention across
the globe.
Download
exclusive Sample of this report:
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=8740
This
report on the global soybean derivatives market presents a thorough
overview of the market’s present growth prospects and includes
several projections regarding the growth trajectory of the market and
its key segments over the period between 2015 and 2021. The report
also includes qualitative and quantitative data pertaining to some of
the notable recent developments observed in the global soybean
derivatives market and detailed analysis of factors expected to have
a notable influence on the future growth prospects of the market. The
report also includes a detailed overview of the competitive landscape
of the market, wherein business profiles of some of the market’s
key vendors are examined.
Global
Soybean Derivatives Market: Drivers and Restraints
The
global market for soybean derivatives has witnessed growth at a
significant pace, chiefly owing to its increased use in functional
foods and nutritional supplements. Owing to soybean’s high
viscosity index and a low level of toxicity, soybean residues are
being increasingly used as to manufacture lubricants for the
automotive industry. Moreover, soybean residues are also witnessing a
significant rise in demand owing to their increased usage in the
manufacture of bio-diesel.
In
the next few years, the market is expected to benefit from demand for
a variety of soybean
derivatives in the production of products such as bio-based
plastics, crayons, scented candles, paints, cleansing agents, and
coatings. The intensifying scarcity of natural resources such as wood
across the globe is also leading to the increased usage of soybean
derivatives in the production of bio-composites.
However,
the market’s potential growth prospects are expected to be hindered
to a certain extent owing to the easy availability of substitutes
such as bagasse and wood pulp, especially in industrial applications
such as the production of biogas and bio-plastic. Nevertheless,
increased attempts by companies to improve the efficiency of soybean
derivatives is expected to alleviate the threat of substitutes to
market’s growth.
Global
Soybean Derivatives Market: Geographical and Competitive Dynamics
Of
the key regional markets for soybean derivatives, Asia Pacific
emerged as the dominant contributor of revenue to the global market
in 2014, a trend that is expected to remain strong throughout the
report’s forecast period as well. Favorable growth prospects of the
food and beverages industry in most of the developed and developing
economies in Asia Pacific, chiefly owing to the rising domestic
consumption, are expected to boost the overall demand for soybean
derivatives in the region in the next few years as well. The North
America soybean derivatives market is expected to follow Asia Pacific
in terms of revenue in the next few years. Middle Eastern countries
are also expected to lead to a substantial rise in demand for soybean
derivatives over the report’s forecast period.
Owing
to the immense growth opportunities for the soybean derivatives
market in regions such as Asia Pacific and Middle East, a large
number of companies are foraying entering into the market. Owing to
this, the competition in the market is expected to significantly
intensify in the near future. Some of the key vendors presently
operating in the global soybean derivatives market are Wilmar
International Company, Archer Daniels Midland Company, Bunge Limited,
Cargill Inc., Louis Dreyfus Commodities, and Noble Group Ltd.
No comments:
Post a Comment