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Soybean Derivatives Market
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Soybean Derivatives Market

Author: Debadatta Patel - Senior Consultant, Report ID - DS1901007, Published - November 2024

Segmented in Type (Soy Lecithin, Soy Protein Isolates, Soy Oil, Soy Flour), Application (Food and Beverages, Animal Feed, Pharmaceuticals, Industrial Applications) and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2023 – 2033

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Global Soybean Derivatives Market Outlook

In sectors ranging from food to industrial uses soybean byproducts have become crucial elements thanks to their nutritional benefits, practical attributes and adaptability. The sector was worth $268 billion in 2023. Market is anticipated to grow to $442 billion by 2030 and $630 billion, by 2035 expanding at a rate of 7.4% CAGR.


Products like soy protein isolates and soy lecithin are made from soybeans; and these are known for their ability to enhance proteins and sustainability in areas, like food processing and animal nutrition.


Market Size Forecast & Key Insights

2018
$267B2023
2028
$547B2033

Absolute Growth Opportunity = $279B

The Soybean Derivatives market is projected to grow from $268.0 billion in 2023 to $547 billion in 2033. This represents a CAGR of 7.4%, reflecting rising demand across Emulsification in Food Products, Pharmaceutical Applications and Animal Nutrition.

The Soybean Derivatives market is set to add $279 billion between 2023 and 2033, with manufacturer targeting Animal Feed & Pharmaceuticals Application projected to gain a larger market share.

With Growing demand for plant-based proteins, and Sustainable industrial applications, Soybean Derivatives market to expand 104% between 2023 and 2033.

Opportunities in the Soybean Derivatives Market

Innovations in Non-GMO Products

Consumers are showing a growing interest in GMO soy based products due to their focus towards transparency and health conscious choices leading companies such as DuPont to focus their efforts, towards developing non GMO products.

Emerging Markets for Bio-Based Products and Expansion in Functional Foods

In regions such as the Asia Pacific there is a growth in the demand for soy based industrial products because of the swift industrial development and sustainability efforts in place. Companies, like BASF are broadening their activities in these markets.

The popularity of foods enhanced with soy based components is growing due to their positive impact.on health presenting opportunities for companies such, as Cargill to explore new developments in incorporating functional soy elements into their products."

Growth Opportunities in North America and Asia-Pacific

Asia Pacific Outlook

The soybean derivatives market in Asia Pacific is growing due to the rise of industries and the popularity of plant based foods along with the push for eco products in the manufacturing sector. China and India are investing in processing plants while corporations like BASF are team up with local businesses to meet the rising need for biofuels and healthy foods for both humans and animals. This region is poised for substantial development thanks, to these initiatives.

North America Outlook

In North Americas soybean industry sector stands out thanks to its processing infrastructure and ongoing advancements in functional food and bio industrial developmentsADM and Cargill are major players in the region who use cutting edge technologies to enhance processing efficiency and create environmentally friendly soy products The stringent environmental policies also promote the use of sustainable practices making North America a pivotal center, for soybean based products

North America Outlook

In North Americas soybean industry sector stands out thanks to its processing infrastructure and ongoing advancements in functional food and bio industrial developmentsADM and Cargill are major players in the region who use cutting edge technologies to enhance processing efficiency and create environmentally friendly soy products The stringent environmental policies also promote the use of sustainable practices making North America a pivotal center, for soybean based products

Asia-Pacific Outlook

The soybean derivatives market in Asia Pacific is growing due to the rise of industries and the popularity of plant based foods along with the push for eco products in the manufacturing sector. China and India are investing in processing plants while corporations like BASF are team up with local businesses to meet the rising need for biofuels and healthy foods for both humans and animals. This region is poised for substantial development thanks, to these initiatives.

Growth Opportunities in North America and Asia-Pacific

Established and Emerging Market's Growth Trend 2024–2033

1

Major Markets : United States, Brazil, China, India, Germany are expected to grow at 4.8% to 7.1% CAGR

2

Emerging Markets : Indonesia, Vietnam, Argentina are expected to grow at 8.5% to 10.2% CAGR

Market Analysis Chart

The soybean derivatives industry is thriving due to the rise in popularity of plant based diets and eco friendly industrial uses; however it does encounter obstacles such as production and rival products, in the market space. Despite these challenges the introduction of GMO items and nutritious food options have contributed to the sectors ongoing expansion.

Recent Developments and Technological Advancement

October 2024

Cargill introduced a soy protein isolate without modified organisms to attract consumers who prioritize their health.

March 2024

ADM teamed up with BASFA to create bio based industrial goods made from derivatives of soybean oil.

January 2024

Wilmar International introduced enhanced soy protein concentrates for animal feed aiming to enhance the absorption of nutrients.

Lately there have been some advancements in the market like Cargill introducing non GMO soy proteins and ADM partnering with BASF for bio based industrial products which showcase the industrys upward trend. Moreover Wilmar Internationals release of soy protein feed solutions demonstrates a commitment to innovation, in animal nutrition.

Impact of Industry Transitions on the Soybean Derivatives Market

As a core segment of the Food & Beverage industry, the Soybean Derivatives market develops in line with broader industry shifts. Over recent years, transitions such as Transition to Sustainable Practices and Expansion in Emerging Markets have redefined priorities across the Food & Beverage sector, influencing how the Soybean Derivatives market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Transition to Sustainable Practices:

More and more industries are embracing eco practices in producing soybean derivatives. They are integrating energy sources into their processing plants and using environmentally friendly methods for extraction to meet both global environmental standards and the growing consumer desire, for sustainable products.

2

Expansion in Emerging Markets:

The increasing emphasis on industrialization and ensuring food security in areas such as Africa and Southeast Asia offers chances for utilizing soybean derivatives in biofuels production. In animal nutrition and the processed food sectors, in these regions are progressing with the support of local investments and collaborations.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Food & Beverage industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Food & Beverage industry cascade into the Soybean Derivatives market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Growing Demand for Plant-Based Proteins, and Nutritional Advancements in Animal Feed

The growing popularity of plant based diets among consumers has also resulted in a need for soy protein isolates and concentrates in vegan and vegetarian food products with corporations such, as ADM and Beyond Meat seizing the opportunity to develop creative plant based offerings.
The advent of soy protein concentrates has also transformed the field of animal nutrition by promoting optimal growth and well being in livestock animals. Wilmar International and Archer Daniels Midland (ADM) are also players, in this industry.
Amid the drive towards sustainability there is also a rising trend in the utilization of soy based oils a‍‌‌nd bioplastics in industrial production processes​‍‌‌​‌​​​​​‌​​​​‍​. Leading companies, like BASF and Solva‍y are also actively contributing to this advancement through their research a‍nd development efforts​.

Restraint: High Cost of Production, and Competition from Alternatives

The production of soybean derivatives is demanding on resources as it involves processing methods and requires substantial investments in infrastructure. This leads to costs, for manufacturers and poses challenges for smaller businesses to enter the market.
In the realm of food and industrial applications peanut protein and almond based substitutes along, with sunflower oil are stepping up to rival soybean derivatives. They provide functions but often come at a more affordable price point resultantly impacting the market share of soy derivatives.

Challenge: Fluctuating Raw Material Prices

The fluctuating prices of soybeans are impacted by disruptions in the supply chain as well as climate change and geopolitical tensions. This presents difficulties for market participants, in planning production and maintaining control over costs and profitability.

Supply Chain Landscape

Soybean Cultivation

Corteva Agriscience

Bayer

Processing

ADM

Cargill

Manufacturing
DuPont / Wilmar International
Distribution
Olam International / Bunge Limited
Soybean Cultivation

Corteva Agriscience

Bayer

Processing

ADM

Cargill

Manufacturing

DuPont

Wilmar International

Distribution

Olam International

Bunge Limited

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Leading Providers and Their Strategies

Application AreaIndustryLeading ProvidersProvider Strategies
Emulsification
Food and Beverages
Cargill, ADM
Advanced lecithin processing for superior emulsification
Animal Nutrition
Agriculture
Wilmar International, ADM
Enriched soy protein concentrates for optimal livestock health
Drug Delivery
Pharmaceuticals
Avanti Polar Lipids
Soy lecithin-based systems for biocompatible drug formulations
Biofuels
Industrial Applications
BASF, Solvay
Innovative soy oil derivatives for sustainable energy solutions

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Soybean Derivatives market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Soybean Derivatives in Pharmaceutical Applications, Animal Nutrition and Emulsification in Food Products

Pharmaceutical Applications

Companies such as Avanti Polar Lipids stand out in the field of utilizing soy derivatives like soy lecithin in drug delivery systems due, to their biocompatibility and emulsifying properties utilized for effective delivery mechanisms.

Animal Nutrition

High quality soy protein concentrates are components in animal feed to enhance the health and growth rates of livestock animals effectively utilized by industry leaders, like DuPont and Wilmar International through innovative nutrient enriched formulations

Emulsification in Food Products

Soy lecithin is commonly utilized as a substance for blending ingredients in food items such as chocolate and pastries to maintain their quality and consistency in the markets eye. Businesses, like Cargill and ADM employ methods to improve the effectiveness of lecithin.

Soybean Derivatives vs. Substitutes:
Performance and Positioning Analysis

The widespread use of soybean derivatives across industries like food processing and animal feed is primarily due to their adaptability and diverse applications compared to alternatives such as pea protein and sunflower oil that face challenges in matching the scale and versatility of soy products. Although substitutes like pea protein and sunflower oil are making progress in market segments the well established supply chain and ongoing advancements, in soybean derivatives contribute to the continued growth of the market.

Soybean Derivatives
  • Pea protein /
  • sunflower oil /
  • almond protein /
  • coconut oil /
  • palm oil
    Widely available raw materials and high versatility across industries
    High production costs and competition from non-soy alternatives
    Diverse applications in functional foods and bio-based industries
    Limited scalability for niche applications and regional challenges in adoption

Soybean Derivatives vs. Substitutes:
Performance and Positioning Analysis

Soybean Derivatives

  • Widely available raw materials and high versatility across industries
  • High production costs and competition from non-soy alternatives

Pea protein / sunflower oil / almond protein / coconut oil / palm oil

  • Diverse applications in functional foods and bio-based industries
  • Limited scalability for niche applications and regional challenges in adoption

The widespread use of soybean derivatives across industries like food processing and animal feed is primarily due to their adaptability and diverse applications compared to alternatives such as pea protein and sunflower oil that face challenges in matching the scale and versatility of soy products. Although substitutes like pea protein and sunflower oil are making progress in market segments the well established supply chain and ongoing advancements, in soybean derivatives contribute to the continued growth of the market.

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Research Methodology

This market research methodology defines the Soybean Derivatives market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Food & Beverage ecosystem, we analyze Soybean Derivatives across Food and Beverages, Animal Feed, and Pharmaceuticals Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:

Food and Agriculture Organization (FAO)

Food Substances - FDA

Prodcom / Census US / Statcan / e-stat Japan / ABS Australia / KOSIS Korea

USA Trade Census

DEFRA UK / Ifastat

Climate.gov

Annual Reports / Industry Magazines / Country Level Ministerial Sources

We benchmark competitors such as ADM, Cargill, and DuPont by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Soybean Cultivation, Processing, and Manufacturing. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Food & Beverage revenues to estimate the Soybean Derivatives segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Soybean Cultivation (Corteva Agriscience, Bayer), Processing (ADM, Cargill), and Manufacturing. Our parallel substitute analysis examines Pea protein, sunflower oil, and almond protein, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as ADM, Cargill, and DuPont, analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Soybean Derivatives market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

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Soybean Derivatives Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2024USD 287 billion
Revenue Forecast in 2033USD 547 billion
Growth RateCAGR of 7.4% from 2024 to 2033
Base Year for Estimation2023
Industry Revenue 2023268 billion
Growth OpportunityUSD 279 billion
Historical Data2018 - 2022
Growth Projection / Forecast Period2024 - 2033
Market Size UnitsMarket Revenue in USD billion and Industry Statistics
Market Size 2023268 billion USD
Market Size 2026332 billion USD
Market Size 2028382 billion USD
Market Size 2030441 billion USD
Market Size 2033547 billion USD
Market Size 2035631 billion USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredType, Application
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledADM, Cargill, DuPont, Wilmar International, BASF, Solvay, Corteva Agriscience, Bayer, Bunge Limited, Olam International, Avanti Polar Lipids and Beyond Meat
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

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Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Soybean Derivatives Market Size, Opportunities & Strategic Insights, by Type

4.1Soy Lecithin
4.2Soy Protein Isolates
4.3Soy Oil
4.4Soy Flour
Chapter 5

Soybean Derivatives Market Size, Opportunities & Strategic Insights, by Application

5.1Food and Beverages
5.2Animal Feed
5.3Pharmaceuticals
5.4Industrial Applications
Chapter 6

Soybean Derivatives Market, by Region

6.1North America Soybean Derivatives Market Size, Opportunities, Key Trends & Strategic Insights
6.1.1U.S.
6.1.2Canada
6.2Europe Soybean Derivatives Market Size, Opportunities, Key Trends & Strategic Insights
6.2.1Germany
6.2.2France
6.2.3UK
6.2.4Italy
6.2.5The Netherlands
6.2.6Rest of EU
6.3Asia Pacific Soybean Derivatives Market Size, Opportunities, Key Trends & Strategic Insights
6.3.1China
6.3.2Japan
6.3.3South Korea
6.3.4India
6.3.5Australia
6.3.6Thailand
6.3.7Rest of APAC
6.4Middle East & Africa Soybean Derivatives Market Size, Opportunities, Key Trends & Strategic Insights
6.4.1Saudi Arabia
6.4.2United Arab Emirates
6.4.3South Africa
6.4.4Rest of MEA
6.5Latin America Soybean Derivatives Market Size, Opportunities, Key Trends & Strategic Insights
6.5.1Brazil
6.5.2Mexico
6.5.3Rest of LA
6.6CIS Soybean Derivatives Market Size, Opportunities, Key Trends & Strategic Insights
6.6.1Russia
6.6.2Rest of CIS
Chapter 7

Competitive Landscape

7.1Competitive Dashboard & Market Share Analysis
7.2Company Profiles (Overview, Financials, Developments, SWOT)
7.2.1ADM
7.2.2Cargill
7.2.3DuPont
7.2.4Wilmar International
7.2.5BASF
7.2.6Solvay
7.2.7Corteva Agriscience
7.2.8Bayer
7.2.9Bunge Limited
7.2.10Olam International
7.2.11Avanti Polar Lipids
7.2.12Beyond Meat