Zion Market Research Global Soybean Derivatives Market, 2016–2024 | Page 2

Soybean Derivatives Market
Zion Market Research, the market research group announced the analysis report titled
‘Soybean Derivatives Market: Global Industry Analysis, Size, Share, Growth, Trends, and
Forecasts 2016–2024'
Global Soybean Derivatives Market by Overview: Significant growth in the public
awareness regarding the health concerns in the past few years have made the soybean
derivatives an important food product. It is widely used oilseeds in the food and beverages
industry. Soybean derivatives are used in an array of applications across various industries
such as food industry, animal feed, automotive and others. In the food industry, they are
used in the production of mayonnaise, spreads, sauces, snacks, baked products, and
bread. Residual fibers are produced after extraction of oil from soybean and then it used in
the production of feed for domestic pets, swine, aquaculture and bovine.
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derivatives-market
Global Soybean Derivatives Market by Growth Factors: Soybean derivatives are widely
used in the production of nutritional supplements and functional foods thus driving the global
soybean derivatives market growth. Due to the low level of toxicity and high viscosity index
they are extensively used in the manufacturing of lubricants for the automotive industry.
Soybean residues will witness significant growth in the future owing to its higher demand in
the production of bio-diesel. In the next few years, it is expected that there will be a rise in