Organic Soybean Market is predicted to grow at CAGR 17.71%
Posted by Pradeep Zende on February 22nd, 2019
The global organic soybean market is touted to reach a total market valuation of USD 2210.53 million by 2022. A stellar CAGR of 17.71% the organic soybean market is about to achieve during the forecast period. Market Research Future (MRFR) in their report on the organic soybean market includes soybeans high nutritional value as a significant market contributor.
Global Key Players and Competition Analysis
Leading players in the Global Organic Soybean Market who are influencing decisions and taking the market forward are Sapthsathi Organic Agriculture project (S.O.A.P.) (India), Soni Soya Products Pvt Ltd (India), AFG Brasil S/A (Brazil), Grain Millers Inc. (U.S.), Perdue Farms (U.S.), Tyson Foods Inc. (U.S.), Pilgrim's Pride (U.S.), and others.
The global organic soybean market can be segmented based on application. The segmentation involves food-based, feed-based, and crush-based. Crush-based application holds the dominant market share as it is gaining substantial traction from organic chocolate in the confectionery and bakery industries. Consumers are all looking for chemical-free healthy components which are creating significant market space for the organic soybean. This sub-segment has the lion's share under its control, with over 80% of the global market share crush-based organic soybean market can expect a 15% CAGR during the forecast period.
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Geographically, the organic soybean market spans across North America, Latin America (LATAM), Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA). North America is holding the second largest share in the organic soybean market. Awareness regarding healthy food is gaining much precedence in the region providing a push for the regional organic soybean market growth. The APAC will register the highest market growth with a stellar CAGR of 18.68% during the forecast period.
Furthermore, with people growing health conscious all around, healthy chemical-free products are gaining traction both as human consumables and animal feed. This is playing a crucial role in giving a head start to an organic soybean market. At the same time, apart from being a much-desired food component, personal care & cosmetic, pharmaceutical, and other sectors are also opening a market opportunity for organic soybean.
Browse the market data and information spread across 89 pages with 30 data tables and 43 figures of the report “Organic Soybean Market Research Report- Forecast to 2022” in-depth alongside table of content (TOC) at: https://www.marketresearchfuture.com/reports/organic-soybean-market-4208
Considerable innovations have been made by biotechnology in soybean farming, and as a result, high oleic soybean is gaining fast traction. It has high nutritional profile, and food functionality and the brands DuPoint Pioneer and Visitive Gold, who are launching this product have improved its storage and processing stability.
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About the AuthorPradeep Zende
Joined: February 12th, 2019
Articles Posted: 396
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