Market Research Future (Food and Beverages) Organic Soybean Market Information by Application | страница 3

Organic Soybean Market Research Report- Forecast to 2022
2 Market Overview
The Global Market for Organic Soybean has witnessed continued demand during the last few years and is projected
to reach USD 2210.53 million at a CAGR of 17.71% by 2022. High nutritional value of organic soybean and diverse
application in various industries, majorly for food based products production (oil and soymeal) is likely to drive the
global organic soybean market over the forecast period.
Latin America will dominate the organic soybean market (in terms of value and volume both) with more than 40% of
the market share and it is projected to reach a market value of more than USD 800 million at a CAGR of 17.82% by
2022. Asia Pacific is projected witness a high growth rate of 18.25% during the given period owning to high
consumption volume of soy sauce and soymeal in the region. High demand for healthy chemical-free products has
increased the sale of organic soybean on the global level owning to its high nutritional value. Rising demand for
organic ingredients in animal feed has also been playing a key role in the growth of the global organic soybean
market from last few years.
Regional Analysis:
On the basis of application, crush-based application will dominate the market based on high demand for organic
chocolate in confectionery and bakery industries. Rising consumer’s preference for chemical-free healthy ingredients
in food products is estimated to escalate its market share. Crush based application is projected to hold a major share
of more than 80% and is evaluated to be growing at a CAGR of more than 15% during the given forecast period.
Furthermore, feed use based application of uncrushed soybean is evaluated to hold the second largest share and
will account for a market value of more than USD 150 Million in the global organic soybean market.
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