DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Soybean Derivatives Market - Growth, Trends and Forecasts (2015-2020)" report to their offering.
The global soybean derivatives market is expected to rise because of the increasing reinforcement of protein-based ingredients in the formulation of functional food and nutrition supplements. The market for soybean derivatives is projected to be worth US$ 255.4 billion by 2020 with a CAGR of 7.8%. The market value estimated in 2015 was US$ 177.3 billion.
The soybean derivatives market lays a significant impact on not only the food and beverage industry, but on other industrial applications as well. The major force driving the market is the growing consumption of processed foods, marked by growing population and changing lifestyles. The developing countries are majorly adapting the western culture, which is influencing the food and beverage industry. Increasing awareness among consumers about health, and huge demand coming from animal feed industry are other major factors driving this market. The soybean crop is processed into vegetable oil and soy meal and almost all of that meal is used in animal feed, which in turn is driving the market for animal feed.
The rising level of acceptance among consumers that is witnessed by this market is due to the global presence of soybean derivatives products and its functional & nutritional value. Major participants in the soybean derivatives market are Archer Daniels Midland Company, Bunge ltd, Cargill Inc., Wilmar International ltd, and Louis Dreyfus Commodities Group. The vital strategies followed by key players are joint ventures, mergers, acquisition, and expansions.
2. KEY FINDINGS OF THE STUDY
3. MARKET DYNAMICS
4. MARKET SEGMENTATION
5. Competitive Landscape
6. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/kd4kds/global_soybean