The new report by Expert Market Research titled, 'Global Soybean Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025', gives an in-depth analysis of the global soybean market, assessing the market based on its segments like applications and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
The key highlights of the report include:
Market Overview (2015-2025
• Historical Market Size (2019): 347 Million Metric Tons
• Forecast CAGR (2020-2025): 2%
• Forecast Market Size (2025): 373 Million Metric Tons
Lactose intolerance, a common issue with approximately 10 million cases each year, gives a nauseating feeling to consumers when they drink any food that contains lactose. The soybean market is the main focus here as its commodities are slowly replacing the dairy sector by providing precisely the same nutrients as milk and milk products while being lactose-free. The rising demand for vegan alternatives to dairy products is also propelling the market forward.
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Industry Definition and Major Segments
Soybean is a pea family legume and a rich source of protein and other nutrients. It is highly valued by vegans worldwide for its quality to supply adequate quantities of protein without harming the environment. Fifty percent of a pea will contain protein that is appropriate for vegetarian athletes who need amino acids to rebuild muscle.
The market can be divided into the following segments by application:
• Feed Use
• Food Use
On the basis of region, the market is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
Soybean is an almost ideal substitute for milk, which is why it has become common amongst lactose-intolerant consumers. The soybean market offers products like soy milk, tofu, tempeh, and soy curd. It can replace milk and its products entirely in our everyday lives. As a result, soybean dairy products will disrupt the dairy market. With the growing awareness of animal rights and animal cruelty among consumers, there has been a rising shift towards the adoption of veganism. Thus, the rising vegan population is providing further incentive for the growth of the global soybean market.
Middle East and Africa Calrose Rice Market: https://bityl.co/509z
Middle East and Africa Basmati Rice Market:https://bityl.co/50A1
Global Basmati Rice Market: https://bityl.co/50A2
Global Pulses Market: https://bityl.co/50A4
Global Parboiled and White Rice Market: https://bityl.co/50A5
Global Sugar Market: https://bityl.co/50A6
Global Ginger Market: https://bityl.co/50A8
Global Oats Market: https://bityl.co/50A9
Global Lentil Market: https://bityl.co/50AB
Global Fava Beans Market: https://bityl.co/50AC
Global Chickpeas Market: https://bityl.co/50AD
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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