- Soybean Oil Derivatives
- Natural Extracts from Soybean
- Refined Industrial Soybean Oil
- Others
Latin America Soy Chemicals Market size was valued at USD x billion in 2021 and is expected to reach USD x billion by 2028, at a CAGR of x% during the forecast period 2022 to 2028. Due to increasing demand for biodiesel and renewable plastics. In addition, technological advancement in biotechnology is one of the key driving factors for soy chemicals market over the past few years. Mergers and acquisitions, partnership, innovation, and collaboration are the some of the key strategies used by various players in the market. The main objective behind using this strategy is to expand their product portfolio, involves into strategic agreements, and use advanced technologies. This will expand the geographic reach of the players and will help them maintain their position in the market. For instance, September 14, 2018 – Cargill has reached an agreement to acquire Konspol, one of Poland’s leading value-added food companies, providing an array of products in the chilled convenience, frozen and cold cut categories. The report studies Latin America soy chemicals market dynamics elaborately to identify the current market trends and drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, Latin America soy chemicals market report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed Latin America soy chemicals market to better equip clients with possible investment opportunities across the Countries (Country Investment Hot-Spots) and market unmet needs (Product Opportunities).
Increase in petrochemical and crude oil prices in 2007-08 combined with rising environmental concerns generated several opportunities for sustainable/renewable raw materials. These factors suggest good prospects for soybeans-derived chemicals and create opportunities for the recently developed chemicals derived from sunflowers, corn, algae and other renewable sources. Market penetration of soy chemicals is likely to expand with continued hike in prices of petrochemicals and enhanced performance of soy chemicals over petrochemical-based materials. The health benefits as well as rising demand of natural ingredients for consumer products, including cosmetics is projected to bolster the market for natural extracts. Refined industrial soybean oil is projected to earn low revenues as the oil is used for saturated and declining application areas such as alkyd resins and newspaper inks.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
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