Press release
Roasted Soybean Market Size, Share, Growth, Analysis, Trends and Outlook 2023-2030
Roasted Soybean Market-DataM Intelligence 4Market Research
Global Roasted Soybean Market reached USD 1.5 billion in 2022 and is expected to reach USD 2.1 billion by 2030, growing with a CAGR of 4.8% during the forecast period 2023-2030.
Due to its high protein and nutritional value, health-conscious and fitness enthusiasts are eating more roasted soybean snacks.
Global roasted soybean demand is rising. Demand for healthful, plant-based protein snacks and knowledge of roasted soybeans' nutritional advantages drive the market. Key firms are innovating products and extending distribution networks to capitalize on market growth.
Roasted soybean products are becoming more popular as a protein source due to plant-based diets and environmental consciousness. To meet the demand for plant-based protein alternatives, big food firms are launching new roasted soybean snack lines, expanding the industry.
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Market Drivers:
Rising Adoption in Animal Feed Industry Fueling the Demand for Roasted Soybeans in the Market
Due to animal feed sector acceptance, the roasted soybean market share is growing rapidly. Roasted soybeans provide necessary nutrients for healthy animal growth and development, making them a great feed alternative for livestock and poultry producers.
Increasing animal feed formulations with roasted soybeans boosts market income. In the near future, the growing livestock sector, particularly in emerging nations, will increase roasted soybean market share as population expansion and urbanization increase animal feed consumption.
Market Segmentation:
Growing Demand for Healthy and Sustainable Roasted Soybean Products Driving the Growth of Organic Roasted Soybean Segment.
The organic roasted soybean segment is witnessing robust growth driven by the rising consumer preference for healthy and sustainable food choices. Organic roasted soybean products, such as soy nuts, dry roasted soybeans, and flavored roasted soybeans, have gained popularity due to their nutritional value and eco-friendly production methods
For More Insights of Report: https://www.datamintelligence.com/research-report/roasted-soybean-market
Roasted Soybean Market Companies:
The major global players in the market include Hain Celestial Group, Eden Foods Inc., Seapoint Farms, Archer Daniels Midland Company (ADM), American Soy Products Inc., Minnesota Soybean Processors, SunOpta Inc., Grain Millers Inc., Natural Products Inc., and CHS Inc.
By Nature:
• Organic
• Conventional
By Form:
• Whole
• Splits
• Flour
By End Use:
• Beverages
• Bakery
• Snacks & Convenience Food
• Animal Feed
• Other
By Region:
• North America
• Europe
• South America
• Asia-Pacific
• Middle East and Africa
Geographical Share:
North America's Roasted Soybean Market Soars with the Rise of Plant-Based Protein Snacking
The increasing demand for plant-based protein munchies and healthful grazing is driving a remarkable expansion in the roasted soybean market in North America. As an unhealthy and environmentally friendly alternative for guilt-free consumption, roasted soybean products are gaining in popularity among local consumers.
Industry Developments:
On April 3, 2023, the government of Ghana is investing US$108 million over the next 5 years to drive self-sufficiency in soybean production for the domestic market and increase competitiveness in the value chain
Related Reports:
Nut Based Spreads Market: https://www.datamintelligence.com/research-report/nut-based-spreads-market
Roasted Coffee Market: https://www.datamintelligence.com/research-report/roasted-coffee-market
Canned Chili Market: https://www.datamintelligence.com/research-report/flatbread-market
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DataM Intelligence 4Market Research is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
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