Glycine max, commonly known as soybean or soya bean, is a species widely grown for its edible bean which has numerous uses. Soybean is one of the most important commercial crop and it is the most valuable crop as it is the basic raw material for the manufacture of soy products like soybean meal, soybean meal is a significant and cheap source of protein for animal feeds and many packaged meals. Soy bean products, like textured vegetable protein (TVP), are ingredients in many meat and dairy substitutes. The beans contain significant amounts of Phytic acids, minerals and Vitamin B. Soy vegetable oil, used in food and industrial applications, is another product of processing the soybean crop. Traditional non-fermented food uses of soybeans include soy milk from which tofu and tofu skin are made.
Geographically, U.S is a leading producer of Soybeans, with Illinois and Iowa being major states. The driving factors of soybean market are the increasing awareness among consumers about health, and high demand for animal feed. Many different industries also increased the demand for soy products all over of the world. Apart from food, the functional purpose of soy in animal feed has accelerated growth of the soybean derivatives market to a great extent. Growing consumption and changing lifestyle of the people is expected to remain some of the key growth drivers during the period of study.
This report identifies the U.S Soybean market size in for the year 2017-2028 and forecast of the same for year 2028. It also highlights the potential growth opportunities in the coming years, while also reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape, and other key aspects with respect to Soybean market.
This report segments Soybean market on the basis of type, application and geography market as follows:
On the basis of type this report on Soybean market is segmented as follows, covering all major type of the soybean as follows: Soy Food Products, Soy meals, Soil Oils.
On the basis of application this report on Soybean market is segmented as follows: Food, Feed, Beverages, Pharmaceutical and others.
This report on soybean market has been further segmented into major states, which includes detailed analysis of each region such as: Northeast, Southeast, Southwest, Midwest and West covering all the major regional level markets.