U.S. Soybean Market Driven by the Increased Usage of Soya Lecithin Oil in Paint Industry

Soybean is popularly known for its naturally occurring oil-rich proteinaceous seeds, which are widely used as fat free food for humans and animal feed. According to United States Department of Agriculture (USDA) report, it was stated that the US soybean production is at top-notch, which accounted to 4.59 billion bushels in 2018. Abundant availability and low pricing are the key growth promoting factors in the U.S soybean market. Additionally, the rising awareness about soybean health benefits is proliferating the U.S soybean market growth. Soybeans are majorly used to reduce the risk of osteoporosis and coronary heart diseases. This information is taken from the IndustryARC report titled “U.S. Soybean Market: By Type (Soybean Food Products, Soymeal, Soybean Oils); By Application (Food, Feed, Beverages, Pharmaceuticals and others); & By Geography – Forecast (2019 - 2025).”

A newly compiled market research report from IndustryARC finds that the U.S. soya bean market size was around $61,000 million – $62,500 million in 2018, and is estimated to register a healthy CAGR of around 3.0% to 4.5% during the forecast period 2019-2025. Burgeoning demand for nutrient rich food, beverages, and supplements owing to increased concerns towards healthy lifestyle are driving the US soybean market growth. 

Animal feed and pet food producing industries are the major end-users of soybeans, which held a maximum share in the U.S soybean market in 2018 and is projected to grow with a notable CAGR of around 4.2% - 5.5% during the forecast period 2019-2025. Rising demand for soy protein as it ensures easy digestibility, without any loss of protein and energy for the animals, has become a major source in the production of animal feed and pet food which in turn boosts the growth of U.S. soybean market. 

Some of the key companies identified in the report that are currently holding majority shares in the US soybean market are: Kerry Inc., Cargill, Archer Daniels Midland, Senoj International, Sunshine Soybean, MEFTA, LLC, Grain Millers, Inc., Bluegrass Farms of Ohio Inc., Brushvale Seed, Inc., and Eden Organic Grains Inc.

Epoxidized Soybean Oil Market: By Raw materials (Soy Bean, Hydrogen peroxide, Acetic acid, Formic acid), By End User(Food & Beverage, Agriculture, Coatings, Healthcare & Pharmaceuticals, Construction, Adhesives & Sealants) By Application(Plasticizers, Pigment Dispersive Agent, Flavor & Fragrances, Functional fluids, UV curing); By Geography - Forecast (2018-2023)

 

Soy Food Market: By Type (Fermented, Non Fermented, Soy additives/Ingredient, & Soy Oils) By End-User (Bakery and Confectionary, Meat Products, Functional Foods, Dairy Products, & Infant Foods) & Geography - Forecast(2018 - 2023)