Market Research Future (Food and Beverages) Soy Derivatives Market Research Report | Page 3

Soy Derivatives Market Research Report – Global Forecast till 2023
2 Market Overview
Soy is a commonly consumed food product, especially by health-conscious individuals, due to its high protein
content. Soy meal, a primary ingredient in livestock feed, contains approximately 40%–45% protein. It is a high-fiber
and high protein derivative obtained after the extraction of oil and is used as animal feed for poultry, cattle, and other
livestock. However, soy derivatives are a common cause of various allergic reactions such as asthma, anaphylactic
shock, and allergic rhinitis in humans, which is expected to impede the growth of the global soy derivatives market.
The global soy derivatives market has been segmented based on type, category, application, and region.
Regional Analysis:
The global soy derivatives market has been segmented into North America, Europe, Asia-Pacific, and the rest of the
world.
North America is expected to account for the largest market share during the review period. The US is expected to
contribute significantly to the growth of the soy derivatives market in the region and be the largest country-level
market during the forecast period owing to the increasing adoption of health and wellness trends by consumers. The
presence of several soy derivative processors in the country is also expected to drive market growth in the country.
The soy derivatives market in Asia-Pacific is at a nascent stage and is expected to register the fastest CAGR during
the forecast period.
Page | 3
Copyright © 2017 Market Research Future.