A recent report by Transparency Market Research (TMR), a leading market intelligence firm, assesses the growth dynamics of the global soybean market over the period from 2017 to 2025. According to the report, the soybean market is expected to register a decent rise by the end of the forecast period, thanks to intense competition among the key market players.
With Fuji Oil Group, E.I. du Pont de Nemours & Co., House Foods Group Inc., CHS Inc., The Scoular Co., Kerry Inc., Cargill Inc., The WhiteWave Foods Co., Archer-Daniels-Midland Co., and several others leading the worldwide market for soybean, it demonstrates a largely fragmented business landscape. The key players are concentrating on product innovations to gain a strong foothold in this competitive environment. In the coming years, they are likely to increase their investments in the soybean market, states the research report.
As per the research study, the global soybean market is expected to report a healthy rise at a CAGR of 5.00% during the period from 2017 to 2025. Lately, the demand for organic soybeans has witnessed a significant growth over conventional soybeans due to the increasing preference for natural and healthy food products among consumers. The scenario is projected to remain same over the next few years, reflecting positively on the organic soybean segment. Protein, milk, oil, tofu, fiber, soy milk, and meal have surfaced as the main products of this market. With a demand share of 72.90%, the meal segment is anticipated to lead the global market over the forecast period, notes the study.
