Organic Soybean Market Growth, Trend, Demand, Future Scope, Leading Key Players and Business Opportunity by Forecast to 2022 | Asserts MRFR

“Organic Soybean Market has been segmented on the basis of application and region”
Organic Soybean Market Information: by Application (Crush, Food Use and Feed Use) and Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa) – Forecast to 2022

Market Overview:

Organic soybean is produced heeding to the practice of organic farming which includes the production of crops without any use of synthetic fertilizers and pesticides. The increasing demand for organic food and feed on a global scale is leading to the colossal expansion of organic soybean market.

The extensive usage of chemicals as fertilizers and pesticides in farming is creating health hazards for the consumers and also spawning adverse effects on the environment. Due to this, the demand for traditionally grown organic food is escalating in the global market. The demand for organic soybean is increasing in food and beverages industry, cosmetic industries, animal feeds, pharmaceuticals among others.

The processed forms of organic soybean being consumed extensively are soymeal, oils, soy-proteins, soymilk and many others. Owing to its high nutritive value, the inclination of consumers is more towards usage of organic soybean products over non-organic products. The high polyunsaturated and monounsaturated fatty acid content in soybean oil is also causing the rise in its consumption. The high protein content is exhibiting organic soybean as a potential dairy substitute in the market. The necessity of leading a healthy lifestyle among the consumers and increasing disposable incomes of consumers are fuelling the demand for organic soybean all over the world.

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The tremendous growth of organic food and feed industry is driving the global organic soybean market in the past few years. Increasing consumer awareness related to health benefits of using organic soybean is can influence in the expansion of the global organic soybean market during the forecast period. The stringent government regulations to limit the use of synthetic pesticides and fertilizers are also serving as a driving force for the augmentation of the market.  

Competitive Analysis:

The acquisition of small players in the organic soybean market by the prominent players is leading to the expansion of their business and penetration in the potential market for organic soybean all over the globe. More than 25% of the market shares are averred to be contributed by these acquisitions and expansions.

The key players in the global organic soybean market are Grain Millers Inc. (U.S.), Pilgrim’s Pride (U.S.), Perdue Farms (U.S.), Tyson Foods Inc. (U.S.), Sapthsathi Organic Agriculture project (S.O.A.P.) (India), Soni Soya Products Pvt Ltd (India), AFG Brasil S/A (Brazil) among others.

Market Segmentation:

The Global Organic Soybean Market has been segmented on the basis of application and region. Based on application, it is segmented into crush, food use and feed use. The elevation in demand for organic chocolate in bakery and confectionery industries is a leading cause for the dominance of crush based application segment in the global organic soybean market as it is projected to hold more than 80% of the market share. The second largest share is evaluated to be owned by the feed use-based application in the global organic soybean market.

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Detailed Regional Analysis:

On the basis of region, the organic soybean market is segmented into North America, Latin America, Europe, and Asia-Pacific. Among all the regions of the world, Latin America will continue to prevail the global organic soybean market by holding the lion’s share of 40%. Whereas, North America stands on the second position with a noteworthy CAGR of 17.6% till 2022 owing to the skyrocketing consumption of products derived from organic soybean in this region. The inclination of consumers towards the inclusion of organic products in the mainstream diet and their increasing disposable incomes are driving the organic soybean market in Asia-Pacific region towards expansion.

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