Soy-based Chemicals Market to surpass US $44+ bn by 2024

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Soy Chemicals Market expected to reach 6.5
million tons by 2024 Global Market Insights Inc.
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Industry Overview

• Soy-based Chemicals Market size is set to reach
  USD 44.5 billion by 2024 according to a new
  research report by Global Market Insights,
  Inc.Rising healthcare awareness and changing
  lifestyle patterns along with shifting consumer
  preferences towards plant-based sources may
  stimulate soy-based chemicals market. Soy oil
  derivatives such as polyols, wax, epoxidized
  products and methyl soyate are used across
  various end-use applications which may promote
  soy chemicals industry demand.
• Growing demand from animal feed applications
  owing to rising livestock production and demand
  for meat and related products may have a positive
  influence on the market demand. These products
  are used in maintaining health of various
  livestock such as poultry, aquaculture, swine and
  cattle along with providing essential nutrients
  such as vitamins and minerals. Supportive
  government initiatives regarding efficient and
  safe poultry production may foster soy-based
  chemicals market growth.

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• Refined industrial soybean oil is highly used in
  applications such as biodiesel, lubricants,
  paints and amongst other industrial uses. The
  product is used as an alternative for petroleum
  based resin which are likely to cause hazardous
  environmental problems. These products are
  utilized in the production of automobile parts
  and other manufacturing applications. Increasing
  consumer awareness for reduction in carbon
  emissions along with beneficial usage of soybean
  products may enhance soy-based chemicals market
  share.
• North America GMO soy lecithin market from food
  beverage applications may expect gains at over 5
  by the end of 2024. The product is used as a food
  additive such as emulsifiers which are
  incorporated in various food products such as
  dietary supplements, baked goods, infant
  formulas, ice creams and convenience foods. It is
  highly used for cholesterol maintenance and boost
  brain functions. These products are generally
  sold in supplement forms which are widely
  accepted for promoting overall health and
  wellness of individuals. Additionally, increasing
  obesity concerns in the U.S. along with rising
  health diseases is propagating consumers to shift
  towards healthy plant-based sources which may
  further boost soy-based chemical market size.

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Browse Full Market Research Report Of Soy
Chemicals Market _at_ https//bit.ly/2EWQBal
Request for a Sample of this Research
report _at_ https//bit.ly/2JuFmEJ
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U.S. Soy Polyols Market Size, By Application,
2017 2024, (Kilo Tons)

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Industry Coverage

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• China tocopherols market size from cosmetics
  applications may surpass USD 7 million by the end
  of forecast period. The products are highly in
  the personal care products such as moisturizers,
  lipstick, blushers, hair conditioners, eye
  shadow, soaps and face powders. Vitamin E is a
  naturally occurring antioxidant which prevents
  skin from harmful exposure of UV rays and is used
  as preservative for hydrating skin which may
  further boost soy-based chemicals market demand.
• Germany epoxidized soybean oil market demand from
  plasticizer applications may witness market share
  at over 50 by the end of projected timeline. The
  product is highly manufactured from soybean oil
  following epoxidized process. Plasticizers from
  soybean oil are environment friendly and provides
  cost benefits which may enhance soy chemical
  market size in the country.
• ADM, Cargill, Soy Technologies, Bunge, Stepan
  BioBased Technologies, Elevance Renewable
  Sciences and Cara Plastics are some of the
  prominent manufacturers in the soy-based
  chemicals market. Major producers in the market
  are expanding their regional presence and
  enhancing product portfolio by strategic mergers
  and acquisitions.

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