Middle East And Africa Soybean Derivatives Market By Type (Soybean, Soy Meal, And Soy Oil), Application (Feed, Food, And Other Industries), Lecithin Processing (Water, Acid, And Enzyme), End User, and Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan and Rest of MEA) – Size, Share, Trends, Growth, Forecast (2024 to 2032)

Updated On: June, 2024

ID: 3492

Pages: 145

Middle East and Africa Soybean Derivatives Market Size (2024 to 2032)

The Middle East and Africa Soybean Derivatives Market is worth USD 10.97 billion in 2024 and estimated to grow at a CAGR of 7.21%, to reach USD 19.15 billion by 2032. The Middle East and Africa Soybean Derivatives market is developing at an exceptionally quick pace.

In the food industry, soybean derivatives find use in products such as spreads, snacks, breads, baked products, sauces, and mayonnaise. Residual fibers which are produced after the extraction of oil from soybean are also used in the production of feed for aquaculture, bovine etc. Soybean derivatives are also used to manufacture lubricants and hydraulic fluids. Use of soybean derivatives for the production of bio-diesel is also getting increased attention across the globe.

Market Drivers

The significant drivers for Soybean Derivatives are increasing Asia Pacifc population, increasing awareness among consumers about health, and high demand for animal feed. Also surge in the functional purpose of soy in feed in developing economies will boost this industry.

Market Restraints

Difficulty in maintaining pH and operational temperature of Soybean Derivatives limits this industry.

SEGMENTAL ANALYSIS

Middle East and Africa Soybean Derivatives Market By Lecithin processing

Water
Acid
Enzyme

Middle East and Africa Soybean Derivatives Market By Application

Feed
Food
Other Industries

Middle East and Africa Soybean Derivatives Market By Type

Soybean
Soy Meal
Soy Oil

Middle East and Africa Soybean Derivatives Market By Region

KSA
UAE
Israel
Rest of GCC countries
South Africa
Ethiopia
Kenya
Egypt
Sudan
Rest of MEA

Middle East and Africa has an untapped market and key players are slowly expanding to this region which is the main reason for the growth of market in this region.

Key Players in the Market

Major Key Players in the MEA Soybean Derivatives Market are Louis Dreyfus Commodities (The Netherlands), Cargill, Bunge Ltd (U.S.), Archer Daniels Midland Company (U.S.), and Wilmar International Limited (Singapore)