Mostly, soybeans are processed for their oil & protein for the animal feed industry. Soybeans are an excellent source of protein, B vitamins & minerals. A little percentage is processed for human consumptions & made into products that include soy milk, soy flour, soy protein, tofu & many retail food products. Soybeans are also utilised in many non-food products. Soybean is widely grown for its edible bean & it is species of legume native to East Asia.
South America Soybean Market Size & Growth:
The South America soybean market worth was valued to be nearly $xx billion in 2018 and is projected to reach over $xx billion by the end of 2025 with a CAGR of almost xx% during the South America Soybean Market Forecasts Period. The factors that are driving South America soybean market growth are increased demand for proteins, growing requirement for animal feed production & getting high-quality proteins for the least price. The demand for proteins increased because of the child population, health conciseness, diseases & others. Proteins are required to build blocks of the body. Since they are essential for the proper & regular growth and to the function of the body. And also plays the primary role in building & maintaining muscles, organs & other tissues. Soybeans can spread soy lecithin allergy found in protein fraction. It contains a trace level of soy proteins which is the reason for soy lecithin allergy. Soy
South America Soybean Market Share:
South America Soybean market is classified by types such as By Type, By End User and By Geography.
By Type, the market Soy meal segment of the soybean market is estimated to grow at the fastest CAGR during the forecast period. The growth of this segment can be accredited due to the increased consumption of soybean owning to its health benefits.
Regarding Source, the market in organic soybean segment of the soybean market is estimated to grow at the fastest rate during the forecast period. This growth is due to discerning consumers.
Concerning End User, the market in animal feed & pet food segment of the soybean market is estimated to grow at the fastest CAGR during the forecast period. The growth of this segment can be accredited due to increased consumption of organic soybean.
Regarding technology, the market in genetically modified soybean segment of the soybean market is estimated to grow at the fastest rate during the forecast period. This growth can be due to high yield.
Concerning geography, the market is segmented into Brazil, Argentina & Others. Brazil is predicted to be a dominant market in the
South America Soybeans Market Trends:
South America Soybeans Market Research Report:
Starting from $2700
Starting from $2700
Starting from $2700
Keep up-to-date with our weekly newsletter, Media Pulse.