Allied Market Research

2024

Soy Extracts Market

Soy Extracts Market Size, Share, Competitive Landscape and Trend Analysis Report by Product Type, by Application : Global Opportunity Analysis and Industry Forecast, 2022-2032

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Author's: | Roshan Deshmukh
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Soy extracts are made   from soy beans and are used  in a variety of industries, such as nutritional supplements, medications, and skin care products. Soybeans include an extensive number of biologically active substances, such as isoflavones, saponins, and phytosterols, all of which can be obtained and controlled to generate soy extracts. Soy extracts have become increasingly common because of their beneficial health benefits, flexibility, and many uses in an array of industries. Soybeans consist of many kinds of bioactive compounds, such as substances, saponins, and phytosterols, that have been linked to an array of health benefits. Soy extracts originate from the   seed pods of soy beans, and the bioactive compounds that compose these individuals are taken out as well as processed to make a diversity of products, including food and beverage, pharmaceuticals, and skincare goods.
 
The increasing recognition of the medical advantages associated with soy extracts is one of the main drivers in the marketplace. Soy extracts are high in isoflavones, which are believed to reduce the likelihood of coronary artery disease, improve the condition of bones, and prevent specific cancers.  
 
An additional significant driver for the soy extract market is the food and beverage industry. Soy products are found in an array of processed foods, such as baked items, snacks, and substitutes for meat. Demand for packaged goods will likely increase as customers seek out more convenient as well as and nutritious foods. As a result, demand for soy extracts as a component in such goods will rise. In a similar vein, the cosmetics sector is driving soy extract demand. Given their anti-inflammatory and antioxidant benefits, soy extracts are incorporated into a variety of skin and haircare items.
 
Advances in technology in soy extract processing and extraction are also propelling sales. These developments have enhanced the purity and quality of soy extracts, rendering them appealing to a variety of sectors. New extraction methods have additionally resulted in the development of new products, including soy protein isolates as well as isoflavones, which have particular uses in the beverage, food, and pharmaceutical industries.
 
New product launches flourish in the market
DuPont Nutrition & Biosciences established Supro Nuggets 731, a new soy protein nugget item, in April 2021. The item, which is made from non-GMO soybeans, has been designed to serve as a plant-based protein source with a meaty texture and neutral taste. Archer Daniels Midland (ADM) will release a new accordance line of organic soybean oil and soy protein concentrates in November 2020. Organic as well as non-GMO products have been created to meet the increasing need for organic as well as plant-based foods. Bunge Loders Croklaan will introduce a new non-GMO soybean lecithin product line in September 2020. The products, which come in liquid as well as powder forms, are intended to improve the process of emulsification and preservation of beverage and food formulations.
 
Segment Overview: 
By Product Type : The soy extract market is divided into . isoflavones, flavonoids, phytochemicals, phytosterols, polyphenols, and others. Isoflavones are the most common type of soy extract, and are believed to have various health benefits, including reducing the risk of heart disease and certain cancers. The demand for other types of soy extracts, such as polyphenols and phytosterols, is also expected to increase due to their growing applications in the food, pharmaceutical, and personal care industries.
 
By Application: The soy extract market is divided into animal nutrition, functional food and beverages, pharmaceuticals, personal care, and others.. Soy extracts are frequently employed in the feed industry to improve livestock growth and well-being. Soy extracts are employed as an ingredient in an array of food and drink items in the functional food and beverage industry. Because of their health and beauty benefits, soy extracts are additionally employed in the pharmaceutical as well as personal care industries. Nutraceuticals as well as dietary supplements are two additional uses for soy extracts.
 
By Region: The Asia Pacific Soy Extracts market is projected to expand significantly due to increasing demand for organic and plant-based components in a variety of sectors such as food and beverages, personal hygiene, and medications. The region is the globe's biggest supplier and consumer of soy products, and increasing knowledge of the medicinal benefits of soy extracts contributes to demand. Because of a growing need for handled and functional foods, in addition to the boosting use of soy extracts in products for personal care, the countries of China, India, Japan, and the Republic of Korea have the primary markets for soy extracts. Furthermore, the existence of major soy extract producers in the region, advances in technology, and government efforts to promote nutritious food choices are expected to drive the market.
Competitive analysis and profiles of the major players in the soy extracts market, such as Nutragreen Biotechnology Co., Ltd., TANOBIO, Times Biotech, ADM, Bioway Organic Group Limited, BASF Corporation, Layn Natural Ingredients, Sonic Biochem, Undersun Biomedtech Co.,Ltd. and BioBased Technologies, LLC. Major players have adopted product launch and acquisition as key developmental strategies to improve the product portfolio of the soy extracts market.

Soy Extracts Market Report Highlights

Aspects Details
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By Product Type
  • Isoflavones
  • Flavonoids
  • Phytochemicals
  • Phytosterols
  • Polyphenols
  • Others
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By Application
  • Animal Nutrition
  • Functional Food & Beverages
  • Pharmaceuticals
  • Personal Care
  • Others
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By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
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Key Market Players

BioBased Technologies, LLC, Sonic Biochem, Bioway Organic Group Limited, Layn Natural Ingredients, BASF Corporation, Nutragreen Biotechnology Co., Ltd, ADM, TANOBIO, Undersun Biomedtech Co.,Ltd, Times Biotech

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Soy Extracts Market

Global Opportunity Analysis and Industry Forecast, 2022-2032