Global Market Study on Roasted Soybean: Increasing Sales Being Witnessed as a Healthy Alternative in Snacks Category


Roasted Soybean  Market
  • Published On : Apr-2020 |
  • Pages : 420 Pages |
  • Format : Roasted Soybean  Market Roasted Soybean  Market Roasted Soybean  Market Roasted Soybean  Market

Soybeans are high in protein, fiber, and saturated fat, are cholesterol-free, and a good source of omega-3 fatty acids and antioxidants. Besides, soybeans are always on top when it comes to plant-based protein. Manufacturers are focused on raw roasted soybeans that are minimally processed and contain all essential nutritional content, with different flavor profiles. These products are gaining popularity among consumers across the globe.

  • For instance, Mindals AGRO, an India-based company, produces flavored roasted soybeans available in a pack sizes of 50g to 180gm

Feed Industry - Key Growth Driver of Roasted Soybean Market

The feed industry is one of the key consumers of soybean and soy-based ingredients, mostly in the form of raw soybean. Roasted soybeans can promote healthy digestion in animals, especially in ruminants. These roasted soybeans promote increased milk output in dairy cows, owing to high digestibility attributes and rich nutrients. Also, roasted soybean can be fed to horses, goats, sheep, buffaloes, and wildlife animals. These are the factors are expected to lead to huge growth of the global roasted soybean market over the coming years.

  • For instance, U.S.-based Bryant Grain Company provides roasted soybeans in whole and pellets forms, for all animal categories, including ruminants, poultry, wildlife, swine, equine, and others.

Nutrition First - Top Priority for Vegetarian and Vegan Consumers

The increasing vegetarian and vegan population prefers plant-based proteins for their nutrition. People opt for a vegan diet as they consider it healthy, rather than animal-based protein products. Roasted soybeans are the best source of nutrition for vegan and vegetarian consumers. Nutrition continues to be the topmost priority for vegan and vegetarian consumers, as they seek to improve their health through food. This trend is expected to boost the growth of the roasted soybean market across the globe.

Rising Demand for Roasted Soybean from Bakery Producers to Boost Sales

Roasted soybean flour increases the water absorption of dough, increases yield, and extends the shelf life of the final product. These characteristics provide additional benefits to bakery manufacturers. In addition, it increases the overall nutritional content of the final product. Thus, roasted soybean bakery products are gaining traction among consumers, owing to their nutritional content and taste characteristics.

  • Natural Products, Inc.’s roasted full fat soy flour is used in bakery products to increase the water absorption of dough, which increases yield and extends shelf life. It can also can be used in cakes and donuts to reduce the amount of oil absorbed during frying.

Latin America and East Asia, Together, Dominate the Global Market

Latin America is one of the leading producers and consumers of soybeans. Consumers in this region are highly aware of the varied uses of soybeans. They widely use roasted soybean in food & beverage products such as snacks and convenience food, bakery, and other processed food. Also, the use of roasted soybean is increasing in the feed industry to promote animal health. These factors are expected to drive the growth of the Latin America roasted soybean market over the coming years.

Europe is expected to witness healthy growth over the forecast period of 2020-2030, followed by South Asia. Countries in the European region are anticipated to emerge as the next potential markets for manufacturers offering roasted soybean. Europe has the largest number of dairy cows along with the largest dairy industry. The trend of ‘living a healthy lifestyle’ is also gaining momentum in this region, which is anticipated to accelerate the growth of the roasted soybean market in Europe.

Anticipated COVID-19 Impact on Roasted Soybean Market

Trade struggles, prohibited and late planting of crops, and policy modernizations have presented a tough decision-making situation to farmers. Judgments for this spring are now considerably complicated, given the rapidly changing situation due to the spread of COVID-19 and its associated health threats and control measures.

Presently, an overriding concern is ongoing for farming and livestock activities in the face of COVID-19 health threats and control measures. Farmers and input suppliers are coming up on a very busy planting season. To the extent possible, assuring a workplace free of COVID-19 is important. A recession is expected to result because of COVID-19 control measures, the extent of which remains unknown. At this point, the economic implications are uncertain, but some sort of acreage and public policy response seems likely.

It is innocuous to say that this downturn would also negatively impact agriculture. Soybean prices have fallen since COVID-19 measures have been put in place across the globe. These fraction falloffs are based on a comparison of current future contract levels to projected prices.

As the COVID-19 pandemic strokes across the world, every step along the agriculture industry supply chain is stepping up to keep employees and consumers safe, while still providing vital equipment, services, commodities, feed, and food. Food processing companies are facing significantly reduced consumption and supply chain disruption challenges. All the major countries around the globe have announced lockdowns to counter the COVID 19 pandemic. Thus, the production of roasted soybean has been widely affected due to the shortage of raw material and lack of manpower. Lockdowns and social distancing are leading to disruptions in the retail sector, which is affecting the sales of roasted soybeans. These factors are expected to have a noteworthy impact on the growth of the global roasted soybean market for at least the next couple of years.

Analysts’ Viewpoint

The global roasted soybean market is witnessing substantial growth. Key players in the global roasted soybean market could gain additional profits by focusing on import-based regions such as Europe and the Middle East and Africa. Manufactures need to be focused on the marketing and awareness of the benefits of roasted soybeans in these regions. Additionally, emerging economies in South Asia and East Asia offer huge opportunities to key players to expand their business in the global roasted soybean market. 

Roasted Soybean Market: Scope of the Report

The latest report by Persistence Market Research on the global roasted soybean market evaluates the opportunities and current market scenario, providing insights and updates about the corresponding segments involved in the global roasted soybean market for the forecast period of 2020-2030. The report provides a detailed assessment of key market dynamics and comprehensive information about the structure of the global roasted soybean market. This market study contains exclusive insights into how the global roasted soybean market is anticipated to grow over the forecast period.

The primary objective of the global roasted soybean market report is to provide insights regarding opportunities in the market that are supporting the transformation of global businesses associated with roasted soybean. It is very important to consider that, in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to the compound annual growth rate (CAGR), for overall forecasts, enabling readers to better understand the analysis and evaluation of the global roasted soybean market, and to discover lucrative opportunities in the market.

This study on the global roasted soybean market also provides an estimate of the global roasted soybean market size and corresponding revenue forecasts carried out in terms of absolute $ opportunity. It also offers actionable insights based on future trends in the roasted soybean market. Furthermore, new and emerging players in the global roasted soybean market can make use of the information presented in the study to make effective business decisions, which will provide momentum to their businesses and the global roasted soybean market.

The study is relevant for manufacturers, suppliers, distributors, and investors in the global roasted soybean market. All stakeholders in the global roasted soybean market, as well as industry experts, journalists, and business researchers can leverage the information and data represented in PMR’s study.

Global Roasted Soybean Market: Segmentation

PMR’s study on the global roasted soybean market offers information categorized into four segments - nature, form, end use, and region.

Nature

Form

End Use

Region

  • Organic
  • Whole
  • Beverages
  • North America
  • Conventional
  • Splits
  • Bakery
  • Latin America
  • Flour
  • Snacks & Convenience Food
  • Europe
  • Animal Feed
  • South Asia
  • Others
  • East Asia
  • Oceania
  • Middle East & Africa

Key Questions Answered in PMR’s Global Roasted Soybean Market

  • Which region will hold the highest market share in the global roasted soybean market over the forecast period?
  • Which region is experiencing the highest growth (CAGR)?
  • Which factors are impacting the global roasted soybean market?
  • What are the global trends impacting the roasted soybean market?
  • What strategies must emerging players adopt to capture opportunities in various regions in the global roasted soybean market?
  • What is the market structure of the global roasted soybean market?

Global Roasted Soybean Market: Research Methodology

Persistence Market Research is committed to providing unbiased market research solutions to its clients. PMR follows a robust methodology in the deduction of data included in this report. A unique research methodology is utilized to conduct extensive research on the global roasted soybean market and reach conclusions about the future growth factors of the roasted soybean market. The research methodology uses primary research methods coupled with secondary research methods, which ensure the accuracy and reliability of the conclusions in this report.

A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on the use of standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions, i.e. North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include-

  • Primary Research
  • Secondary Research
  • Trade Research
  • Social Media Research

Companies covered in Roasted Soybean Market Report

  • SunOpta Inc.
  • KLC Farms Roasting Inc.
  • N. L. Food Industries
  • Mindals AGRO
  • Vaishnav Food Products  
  • Natural Products, Inc.
  • Jabsons Foods
  • Soyaam Food  
  • Bansal Extraction & Exports Private Limited.
  • Hillsboro Feed Company  
  • Urban Platter
  • Quality Roasting, Inc.
  • Grain Basket Foods
  • SR Foods
  • Bryant Grain Company
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