Roasted Soybean Market
Roasted Soybean Market Study by Organic and Conventional Whole, Splits, and Flour for Beverages, Bakery, Snacks & Convenience Food, Animal Feed, and Others from 2024 to 2034
Analysis of Roasted Soybean Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Roasted Soybean Market Outlook (2024 to 2034)
The global roasted soybean market is estimated to be valued at US$ 1.81 billion in 2024 and is forecast to ascend to US$ 3.15 billion by the end of 2034, expanding at a CAGR of 5.7% between 2024 and 2034.
The roasted soybean market size is expanding steadily due to its nutritional benefits since soybeans are a rich source of vitamins and minerals. Roasted soybeans offer a convenient and healthy snack option for health-conscious consumers. Moreover, this extends beyond human consumption, as roasted soybeans are a valuable source of protein and minerals for livestock, poultry, and aquaculture.
A key factor contributing to the growing demand for roasted soybeans is their dual-purpose nature, which promotes optimal health and productivity in both humans and animals. Apart from the nutritional advantages, soybeans are sustainable crops that require fewer resources compared to animal-based protein sources. Soybean cultivation also contributes to soil health through nitrogen fixation, which reduces the need for synthetic fertilizers and makes the soil fertile. This eco-friendly aspect is attractive to environmentally conscious consumers and businesses, driving further demand for roasted soybeans.
Apart from their dual-purpose nature, soybeans boast a robust nutritional profile and have become a sought-after dietary staple, offering many health benefits. These include being cholesterol-free and low in saturated fat, making them an ideal choice for individuals aiming to support heart health. Roasted soybeans contribute to fiber intake, contain omega-3 fatty acids, and possess antioxidants.
Roasted soybeans have garnered attention for their therapeutic properties, such as weight loss, menopause symptom relief, and diabetes management, thus supporting overall well-being. Roasted soybeans also feature a distinctive component known as isoflavones, recognized for their potential benefits for women nearing menopause with hypertension. Research suggests that incorporating half a cup of roasted soybeans into the diet for eight weeks resulted in a notable decrease in blood pressure.
In the culinary world, roasted soybeans offer many other possibilities. They can be enjoyed as toppings, adding a crunchy and nutty texture to the food. All these factors are contributing to global roasted soybean market growth.
| Report Attributes | Details |
|---|---|
| Roasted Soybean Market Size (2024E) | US$ 1.81 Billion |
| Forecasted Market Value (2034F) | US$ 3.15 Billion |
| Global Market Growth Rate (2024 to 2034) | 5.7% CAGR |
| Canada Market Growth Rate (2024 to 2034) | 6.4% CAGR |
| China Market Value (2034F) | US$ 574.6 Million |
| North America Market Share (2024E) | 24.5% |
| East Asia Market Share (2034F) | 25.2% |
| Key Companies Profiled |
|
Don't Need a Global Report?
save 40%! on Country & Region specific reports
What are the Key Roasted Soybean Market Trends?
“Market Benefiting from Increasing Focus on Maintaining Heart Health”
The growing demand for roasted soybeans is driven by their unique nutritional composition. As consumers increasingly prioritize heart health, the cholesterol-free nature of roasted soybeans is making them an appealing snacking choice. The high levels of amino acids found in soybeans contribute to their reputation as a complete source of fiber and protein.
As consumers become increasingly aware of their health, manufacturers have realized these needs and begun expanding their production of roasted soybeans.
“Rising Consumer Demand for Nutritious and Flavorful Snacking Options”
Many consumers are looking for not only a nutritious diet but also snacking options with unique and intriguing flavor profiles. Manufacturers have therefore begun to introduce new roasted soybean flavors to the market, including lemon, garlic, asafetida, tomato, and mint. These strategies are not only increasing sales but also enhancing customer retention, as they attract more customers to try the products and stick with them over time.
What Challenges Do Roasted Soybean Manufacturers Face?
"High Production Costs Associated with Roasted Soybeans"
During the manufacturing process, soybeans go through drying, steeping, and roasting. This drives up the pricing of roasted soybeans significantly. Some manufacturers opt for non-roasted grain ingredients to reduce operating costs and decrease the price of their products. This offers affordable food options to consumers.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
How are New Companies Strategizing in the Market?
“Focus on Cost Optimization and Investments in Research and Development”
For emerging players striving to enter the market, a focus on innovation and R&D is projected to bring in significant profit margins. Delving into cost-reducing methodologies through streamlined supply chains or optimized processing techniques offers a strategic advantage.
By driving down production expenses, new companies can navigate market complexities and enhance competitiveness. This pivotal shift not only boosts profitability but also augments roasted soybean market growth.
Country-wise Insights
In a recently published analysis, Fact.MR, a leading market research and competitive intelligence provider, says that the United States is estimated to hold 79.6% of the North American market in 2024.
Why is Demand for Roasted Soybeans Rising in the United States?
“Growing Vegetarian and Vegan Population Base”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 353.6 Million |
| Growth Rate (2024 to 2034) | 4.7% CAGR |
| Projected Value (2034F) | US$ 558.1 Million |
Rising demand for roasted soybeans as snacks in the United States can be attributed to increasing health consciousness among consumers. This fuels the popularity of plant-based foods like soy-based snacks, driven by their all-day appeal and high protein and fiber content. The growing vegetarian and vegan populations are also contributing to sales of plant-based snacks, including roasted soybeans. Roasted soybeans are also being incorporated extensively into bakery items.
Why are Roasted Soybean Producers Interested in China?
“Widespread Use of Roasted Soybean in Animal Feed Preparation”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 314.9 Million |
| Growth Rate (2024 to 2034) | 6.2% CAGR |
| Projected Value (2034F) | US$ 574.6 Million |
Sales of roasted soybeans in China are driven by the growing utilization of soybeans in animal feed. As the demand for meat and dairy products increases, there is a corresponding need for high-quality animal feed ingredients like roasted soybeans. Roasted soybeans offer both nutritional richness and affordability and have emerged as a preferred option for animal feed formulations. They play a crucial role in the expansion of the country's livestock industry.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Category-wise Analysis
Why are Organic Soybeans being Preferred Over Conventional Products?
“Rising Awareness of Environmental Sustainability”
| Attribute | Organic |
|---|---|
| Segment Value (2024E) | US$ 772 Million |
| Growth Rate (2024 to 2034) | 5.8% CAGR |
| Projected Value (2034F) | US$ 1.36 Billion |
Organic soybeans are estimated to occupy a significant roasted soybean market share in 2024. The preference for organic farming practices is driving an uptick in demand for organic soybeans over conventional varieties. With increasing awareness of environmental sustainability and health concerns associated with synthetic chemicals, consumers are gravitating toward organic options. Organic farming prohibits the use of synthetic pesticides, herbicides, and genetically modified organisms (GMOs), promoting soil health and biodiversity.
Organic roasted soybeans are perceived as safer and more environmentally friendly, leading to their increased consumption. This shift in consumer preference underscores the importance of sustainable agriculture practices and highlights the growing significance of organic soybeans in meeting the demand for healthier and more eco-friendly food choices.
What Makes Roasted Soybeans Highly Sought-after in Bakeries?
“Roasted Soybeans Adding Nutty Flavor and Crunchy Texture to Bakery Items”
| Attribute | Bakery |
|---|---|
| Segment Value (2024E) | US$ 487 Million |
| Growth Rate (2024 to 2034) | 5.8% CAGR |
| Projected Value (2034F) | US$ 854 Million |
Roasted soybeans are increasingly sought-after in bakeries for their versatile culinary applications. Their nutty flavor and crunchy texture make them a popular choice for topping various baked goods, from bread and rolls to cookies and pastries. Bakeries incorporate roasted soybeans as toppings to enhance the taste and texture of their products, offering customers a delightful sensory experience. This demand for roasted soybeans as toppings in bakery products reflects a growing consumer preference for added flavor and nutritional value. As a result, bakeries continue to rely on roasted soybeans to meet the evolving tastes and preferences of their customers.
Competitive Landscape
Manufacturers are focusing on increasing their presence in Europe and the Middle East to expand their regional footprint. Some of the key players in the roasted soybean industry are SunOpta, KLC Farms Roasting, N. L. Food Industries, Mindals AGRO, Vaishnav Food Products, and Natural Products.
A few of the major innovations by big players in the market over the years are as follows :
- SunOpta Inc. is focusing on expanding its grain snack portfolio to include roasted soybeans to widen its consumer base for healthy snacks.
- Natural Products recently broadened its export reach to encompass more than 15 countries.
Key Segments of Roasted Soybean Market Research
-
By Nature :
- Organic
- Conventional
-
By Form :
- Whole
- Splits
- Flour
-
By End Use :
- Beverages
- Bakery
- Snacks & Convenience Food
- Animal Feed
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
- FAQs -
How big is the roasted soybean market in 2024?
The global roasted soybean market is estimated at US$ 1.81 billion for 2024.
What are the forecasted sales for roasted soybeans in North America?
Sales of roasted soybeans in North America are estimated to reach US$ 444.5 million in 2024.
What is the demand projection for roasted soybeans for 2034?
Demand for roasted soybeans is forecasted to reach a market value of US$ 3.15 billion by 2034.
What share of the global market is East Asia projected to occupy by 2034?
By 2034, East Asia is projected to account for 25.2% of the global roasted soybean market share.
Who are the top manufacturers of roasted soybeans?
Leading companies in the market are SunOpta, KLC Farms Roasting, N. L. Food Industries, and Mindals AGRO.
Roasted Soybean Market