Soy Chemicals Market Size, Scope 2022-2028
December 22, 2022 ⚊ 1 Min read ⚊ Views 67 ⚊ BUSINESS
The global Soy Chemicals Market size was valued at 623.75 Million in 2021 and is estimated to reach 834.17 Million by 2028, at a CAGR of 4.24% during the forecast period 2022 to 2028. Soy chemicals comprise epoxidized products, isoflavones, soy waxes, lecithin, methyl soyate, polyols, soy fatty acids, and refined industrial soy oil, which are all derived from soybeans. Due to their expanding application areas in biodiesel and renewable energy, fatty acids, soy waxes, polyols and methyl soyate are projected to present significant growth prospects for the soy chemicals industry. Soy is mostly grown in the United States, China, India, Argentina and Brazil. Soy-based compounds are widely used in paper, cosmetics, and biofuel, in addition to their use in drinks and food such as soy oil and soymilk.
