GLOBAL SOYBEAN PROCESSING INDUSTRY

Soybeans are processed for soybean oil and soybean meal in around 80% of the world, while soybean meals are transformed into animal feed in about 95% of the time. Soybeans are processed to create food and beverage goods. Soy cuisine has become more popular due to its health benefits, which include high protein and fibre content as well as the entire lack of cholesterol. Soy products are sold in the market as fermented or non-fermented entire soy food products, soy as food additives or ingredients, and soy oil. Traditional soy products such as soy milk and tofu are now widely available in supermarkets around the world. Soybean is a type of East Asian legume that is high in protein, vitamin C, and folate yet low in saturated fats. Iron, fibre, calcium, magnesium, potassium, phosphorus, and omega-3 fatty acids are all abundant in it. It provides a variety of health benefits as a result of its nutrient content, including lowering blood cholesterol levels, boosting bone density, and reducing the risk of cancer. It’s extensively used as a meat substitute in a variety of cuisines, and it’s also found in vegan-friendly foods. The global soy food market is gaining traction thanks to increased demand for plant-based diets.

ENTREPRENEURIAL OPPORTUNITIES

In India, soybean is an important oilseed. Furthermore, after corn, soybeans are the second-largest acreage crop in the United States. We can make a variety of value-added products from this crop. And anyone with a small amount of money can start a soybean processing firm. Soybean is quickly becoming India’s most significant oilseed crop. Soybean is known as the “golden bean” or “wonder bean” because of its enormous potential as food, feed, fodder, fuel, and industrial production. With 89 million tonnes produced each year, the United States is currently the world’s greatest soybean producer. Soybeans are used to make vegetable oil, protein, and animal feed. This oilseed is one among India’s fastest-growing crops and a key source of foreign cash.

Best Soybean Processing Business Ideas for Entrepreneurs

• Soya Chunk
• Soy Milk
• Soy Sauce
• Soybean Oil
• Soy Flour
• Tofu 

SOY BASED FOOD PRODUCTS MARKET

The worldwide soy food market is expected to develop at a rate of 5.2 percent each year. Soymilk, soy flour, tofu, tamari, tempeh, edamame, miso, natto, and teriyaki are just a few of the goods made from soybeans. Tofu is currently in high demand throughout the world, particularly among vegans and vegetarians. It’s a great cheese alternative that lactose-intolerant people can eat. Tofu’s rising popularity can also be attributed to its resemblance to meat in terms of form, colour, flavour, and texture. Aside from that, other soy food products, such as snacks and beverages, are seeing steady growth in demand around the world as customers become more health conscious. Furthermore, manufacturers are spending in research and development to produce new soy food product variants in order to diversify their product line and attract new customers.

Soybean Food Products

• Soybean Flour
• Soybean Oil
• Soy Milk
• Soy Molasses
• Soy Sauce
• Soy Yogurt
• Sweet Bean Sauce
• Soya Extract
• Soy Protein
• Soya Nuggets
• Soya Paneer
• Tofu 

Asia-Pacific Market

In the worldwide soy food market, Asia-Pacific is the most dominant region, followed by North America and Europe. The fastest expanding geographies in the soy food products market are Asia-Pacific and Latin America, according to estimates. The largest and fastest-growing market segment is whole soy food. The worldwide soy food products market is being driven by rising awareness about weight health and an increase in the elderly population. Because of our fast-paced lifestyles, we are seeing an increase in the consumption of convenience meals, which is creating a rich breeding ground for manufacturers. Furthermore, consumers are displaying a growing demand for functional foods.

INDIA SOY BEVERAGES INDUSTRY

The market for soy beverages in India is expected to grow at a CAGR of 3.8 percent. The market is primarily driven by an increase in the number of customers looking for non-dairy beverage alternatives, which has resulted in a significant increase in demand for soy milk beverages. Furthermore, new food production technologies and new soybean varieties result in novel flavours, posing a threat to cow’s milk and dairy products. Furthermore, several health benefits of soy milk, such as lower cholesterol and lower risk of heart disease, as well as an increasing number of health-conscious customers, are boosting the market. In recent years, soybean has seen significant expansion in terms of area and production in a short period of time, as well as quick selectivity in the crop’s development. Furthermore, government policy incentives in the form of subsidised inputs, price support for output, marketing infrastructure for the operation of effective price support policy, and the relative profitability of soybean compared to competing crops have all contributed to further boosting the growth of the crop.

TOP PLAYERS WORLDWIDE

• Adisoy Foods & Beverages Pvt. Ltd.
• Archer Daniels Midland
• Caramuru
• Cargill, Incorporated
• Chetran Foods Private Limited
• Eden Foods
• Giiava India Pvt. Ltd.
• Hain Celestial
• Life Health Foods India Private Limited
• Lmbibe Energy Food Processing Industries
• Miracle Soybean Food International Corp.
• Nordic Soya Oy
• Northern Soy
• Pacific Foods of Oregon, Llc.
• The Hain Celestial Group, Inc.
• The Hershey Company
• Victoria Group