Location
MEA Soy Chemicals Market Report Description:
MEA soy chemicals market report gives comprehensive outlook on soy chemicals market across the different countries of MEA such as South Africa, GCC, Rest of MEA. The report on MEA soy chemicals market gives historical, current, and future market sizes (US$ Mn) on the basis of product type, application and country. This report studies MEA 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, MEA soy chemicals market report includes competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed MEA soy chemicals market to better equip clients with possible investment opportunities across the Countries (Country Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the MEA soy chemicals market report include suppliers, manufacturers, marketers, policy makers, and recent market activities.
MEA Soy Chemicals Market:
The MEA soy chemicals market estimated to be valued US$ XX Mn in 2018 and poised to grow at significant CAGR over 2019-2025. Market for MEA soy chemicals market is projected to reach US$ XX Mn by 2025 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
Market Strategy Espoused by Key Players Play a Significant Role in the Growth of Soy Chemicals Market
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.
Incorporated Health Benefits and Capacious Applications Foster the Growth of Soy Chemical Market
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.
South Africa Accounts for Larger Market Revenue Share in MEA Soy Chemicals Market
South Africa led the MEA soy chemicals market. Middle East and Africa Soy Flour Market was worth USD XX million in 2018 and estimated to be growing at a CAGR of XX%, to reach USD XX million by 2023. Soy Flour is used as a source for proteins and widely used in bakery applications.Primary factors accounted for driving the market are increasing disposable income, extensive use in preparation of various food products and bakery products, increasing trend and preference for gluten free foods and growing awareness regarding the health benefits of Soy Flour.
Competition Assessment
Vendors are expected to focus on formation of strategic collaborations and partnerships in order to gain momentum in the MEA soy chemicals market. Additionally, vendors in the market are expected to offer a rich, unique product portfolio in order to gain consumers and market shares. For instance, Archer Daniels Midland (ADM) and Cargill have reached agreement to launch a joint venture to provide soybean meal and oil for customers in Egypt. The venture will own and operate the National Vegetable Oil Company soy crush facility in Borg Al-Arab along with related commercial and functional activities, including a separate Switzerland-based merchandising operation that will supply soybeans to the crush plant.
Key Findings of the Report:
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MEA soy chemicals market expanding at significant CAGR over 2019 to 2025 to reach market value of US$ XX Mn by 2025 owing to increase in demand for biochemical and renewable plastics.
Detailed Segmentation
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By Product Type
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By End-User Industry Type
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Geography
Middle East and Africa
Key Features of the Report:
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Location
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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