According to Stratistics MRC, the Global Soybean Market is accounted for $163.86 billion in 2020 and is expected to reach $271.19 billion by 2028 growing at a CAGR of 6.5% during the forecast period. Preference for healthy food, increasing awareness of the health benefits of soybean, and high demand for soybean oil are the major factors propelling the market growth. However, environmental concerns are hampering market growth.
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By geography, the Asia Pacific holds the largest share in the market during the forecast period due to increasing demand for quality food products and supplements, essentially due to a quickly growing population.
Some of the key players profiled in the Soybean Market include Archer-Daniels Midland Co, Bunge Ltd., Cargill Inc, CHS Inc., E.I. du Pont de Nemours & Co., Fuji Oil Group, House Foods Group Inc, Kerry Inc., Louis Dreyfus Co. BV, Nestlé SA, Olam International, The Scoular Company, The WhiteWave Foods Company, and Unilever Group.
Products Covered:
• Whole Soybean
• Meal
• Oil
• Other Products
Applications Covered:
• Coatings
• Paints
• Industrial Solvents
• Adhesives and Sealants
• Hydraulic Fluids
• Building Materials
• Aqua Feed
• Biofuel
• Food and Beverages
• Personal Care
• Dietary Supplements
• Pharmaceuticals
• Lubricants
• Animal Feed
• Crush
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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