+1-888-308-5802     
News Contact Us

North America Soy Chemicals Market to witness lucrative 5% CAGR from 2019 to 2024

Author : Ronak Bora | Published Date : 2019-05-21 

North America Soy Chemicals Market from food & beverage applications may expect gains at over 5% by the end of 2024. The product is used as a food additive such as emulsifiers which are incorporated in various food products such as dietary supplements, baked goods, infant formulas, ice creams and convenience foods. It is highly used for cholesterol maintenance and boost brain functions. These products are generally sold in supplement forms which are widely accepted for promoting overall health and wellness of individuals. Additionally, increasing obesity concerns in the U.S. along with rising health diseases is propagating consumers to shift towards healthy plant-based sources which may further boost soy-based chemical market size. 

China tocopherols market size from cosmetics applications may surpass USD 7 million by the end of forecast period. The products are highly in the personal care products such as moisturizers, lipstick, blushers, hair conditioners, eye shadow, soaps and face powders. Vitamin E is a naturally occurring antioxidant which prevents skin from harmful exposure of UV rays and is used as preservative for hydrating skin which may further boost soy chemicals market demand.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2973

Germany epoxidized soybean oil market demand from plasticizer applications may witness market share at over 50% by the end of projected timeline. The product is highly manufactured from soybean oil following epoxidized process. Plasticizers from soybean oil are environment friendly and provides cost benefits which may enhance soy chemicals market size in the country.

Pertaining to the surging importance of soybean pertaining to its many medicinal benefits, soy chemicals market has emerged as one of the most profitable spheres of the healthcare cosmos. Experts assert that the consumption of soy can lead to a reduction in cardiovascular diseases, breast cancer, as well as cosmetic and dermatological problems. In addition, soy injections help patients with diabetes mellitus to improve metabolism. Considering the nutritional benefits of soy, most of the nutritionists have been encouraging the consumption of soy and its food derivatives that has resulted in the demand upsurge for soy-based drugs and food products on a large scale. On these grounds, several medical companies have been developing soybean oil-based medicines, providing a push to soy chemicals market trends.

Recently, the agribusiness and food ingredient company, Bunge North America received an approval from the U.S. FDA for its claim related to the consumption of soybean oil and its connection to coronary heart diseases. With its versatile portfolio, Bunge is continuously striving to disseminate the importance of soybean oil and its health benefits. Moreover, facilitated with in-depth scientific and clinical research, Bunge is looking forward to strengthening its business with strategic acquisitions and joint ventures. The growing North America soy chemicals industry is slated to generate such attractive business opportunities for players such as Bunge over the years ahead. Indeed, driven primarily by Canada, U.S., and Mexico, North America soy chemicals market, claim estimates, will register a CAGR of more than 5% over 2018-2024.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2973

In order to target the leading consumers of soybean and its food products, globally renowned companies have been establishing suitable partnerships to commercialize their activities by reducing import costs. Validating the aforementioned fact, on February 2018, Cargill and Archer Daniels Midland company formed a JV to supply soybean meal and oil across Egypt. This JV has also acquired the crush plant of the Egypt based oil company located in Borg Al-Arab. In addition, Cargill also has been investing to expand its daily crush capacity from 3000 metric tons to 6000 metric tons with which it will decrease the soybean meal imports in Egypt. This strategy will help Cargill to expand its business across Egypt and North Africa to enhance its customer base by supplying affordable, safe, and healthy food. With the adoption of such business tactics, the players in the soy chemicals market are aiming to utilize their existing facilities and infrastructure in order to meet the growing regional product demand.

ADM, Cargill, Soy Technologies, Bunge, Stepan BioBased Technologies, Elevance Renewable Sciences and Cara Plastics are some of the prominent manufacturers in the soy-based chemicals market. Major producers in soy chemicals market are expanding their regional presence and enhancing product portfolio by strategic mergers and acquisitions.

 

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Bitumen Market will experience considerable growth up to 2025

Published Date: 2019-11-13         Author: Ronak Bora

Global Market Insights has recently published a study titled ‘Global Bitumen Market Research Report’. in this report, analysts have provided a detailed evaluation of the global Bitumen market. the report is inclusive of a completely comprehensive study of the Bitumen market alongside all... Read More

Fluorspar Market Growth Between 2019 to 2024 - By Type, Raw Material, Application, Companies, Region-Forecasts

Published Date: 2019-11-13         Author: Ronak Bora

Global Market Insights has recently published a study titled ‘Global Fluorspar Market Research Report’. in this report, analysts have provided a detailed evaluation of the global fluorspar market. the report is inclusive of a completely comprehensive study of the fluorspar market alongsi... Read More

Phosphate Rock Market: What are the main applications and challenges?

Published Date: 2019-11-12         Author: Ronak Bora

The research study on ‘Modest recovery in Global Phosphate Rock Market’ is inclusive of a detailed summary of this industry. A highly focused approach on the subjective research has been undertaken, with the description of product scope and elaborate industry insights and outlook until 2... Read More

© 2019 Fractovia. All Rights Reserved