Germany Soy-Based Chemicals Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Soybean Meal, Soybean Oil, Soy Protein Concentrate, Soy Protein Isolate, and Lecithin), By Extraction Method (Solvent Extraction, Mechanical Pressing, and Extrusion), By Source (Non-GMO Soybeans and Genetically Modified Soybeans), By Application (Food & Beverages, Animal Feed, Biodiesel, Paints & Coatings, and Pharmaceuticals), and Germany Soy-Based Chemicals Market Insights, Industry Trend, Forecasts to 2033

Germany Soy-Based Chemicals Market Insights Forecasts to 2033

• The Germany Soy-Based Chemicals Market Size was valued at USD 1.78 Billion in 2023.
• The Germany Soy-Based Chemicals Market Size is Growing at a CAGR of 8.13% from 2023 to 2033
• The Germany Soy-Based Chemicals Market Size is Expected to reach USD 3.89 Billion By 2033

The Germany Soy-Based Chemicals Market Size is Anticipated to Exceed USD 3.89 Billion by 2033, Growing at a CAGR of 8.13% from 2023 to 2033. The rising environmental awareness, stringent regulations favouring bio-based products, demand for eco-friendly substitutes, and technological advancements in biotechnology & chemical engineering are driving the soy-based chemicals market in the Germany.     

Market Overview

The soy-based chemicals market refers to the market of bio-based alternatives to petroleum-derived chemicals, which originate from soybeans. Soy-based chemicals include products such as methyl soyate, oleochemicals, polyols, and other specialised materials used in diverse industrial settings. Soy-based chemicals are the natural alternatives to petrochemicals and are derived from renewable soy oil feedstocks. Applications of these chemicals include food & beverages like soymilk & soy oil, as well as in cosmetics, biofuel, and paper applications. The ease of production of soybeans and investment from the public sector for producing soy-based chemicals, as well as R&D investments in product development, are providing growth opportunities in the soy-based chemicals market.

Report Coverage

This research report categorizes the market for the Germany soy-based chemicals market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Germany soy-based chemicals market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Germany soy-based chemicals market.

Driving Factors

The rising environmental awareness driving the demand for soy-based chemicals over petrochemical-based alternatives is propelling the market growth. The preference for soy biobased products due to their lower volatile organic compounds (VOCs), reduced exposure to toxic chemicals, and irritation from odours and more, is contributing to propel the soy-based chemicals market. Technological advancements in biotechnology and chemical engineering are significantly contributing to propelling the soy-based chemicals market.

Restraining Factors

The fluctuation in the raw material prices negatively influences the market growth. Further, threats from favourable substitutes like natural biogas may hampering the market.

Market Segmentation

The Germany soy-based chemicals market share is classified into product type, extraction method, source, and application.

• The soybean meal segment dominates the market with the largest market share and is anticipated to grow at a significant CAGR during the projected timeframe.

Based on the product type, the Germany soy-based chemicals market is divided into soybean meal, soybean oil, soy protein concentrate, soy protein isolate, and lecithin. Among these, the soybean meal segment dominates the market with the largest market share and is anticipated to grow at a significant CAGR during the projected timeframe. Soybean meal has widespread application in animal feed, which is driven by the demand for meat and poultry products. The rising demand for protein-based food, along with the growing livestock industry, is propelling the market demand in the soybean meal segment.

• The solvent extraction dominated the market with the largest market share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.

Based on the extraction method, the Germany soy-based chemicals market is divided into solvent extraction, mechanical pressing, and extrusion. Among these, the solvent extraction dominated the market with the largest market share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. Solvent extraction is the most common method for extracting oil and other components from soybeans. The high efficiency and cost-effectiveness of the solvent extraction method are responsible for propelling the soy-based chemicals market.

• The non-GMO soybeans segment dominates the market with a major revenue share and is anticipated to grow at a significant CAGR during the projected timeframe.

Based on the source, the Germany soy-based chemicals market is divided into non-GMO soybeans and genetically modified soybeans. Among these, the non-GMO soybeans segment dominates the market with a major revenue share and is anticipated to grow at a significant CAGR during the projected timeframe. Consumer health consciousness seeking organic and non-GMO alternatives drives the demand for non-GMO soybeans in the food, beverage, and animal feed industries. Consumer preference for natural and organic products, along with the potential health risks associated with genetically modified soybeans, is fueling the market.

• The food & beverages segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR during the projected timeframe.

Based on the application, the Germany soy-based chemicals market is divided into food & beverages, animal feed, biodiesel, paints & coatings, and pharmaceuticals. Among these, the food & beverages segment dominated the market with the largest market share in 2023 and is expected to grow at a significant CAGR during the projected timeframe. Soy-based chemicals have widespread application in the food & beverages segment owing to their functional properties and ability to enhance flavour and texture. The nutritional value, versatility, and cost-effectiveness of soy-based ingredients are driving the market demand in the food & beverages segment.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Germany soy-based chemicals market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Solvay S.A.
• Evonik Industries AG
• Croda International Plc
• Arkema S.A.
• Akzo Nobel N.V.
• Neste Oyj
• Perstorp Holding AB
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Germany, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Germany Soy-Based Chemicals Market based on the below-mentioned segments:

Germany Soy-Based Chemicals Market, By Product Type

• Soybean Meal
• Soybean Oil
• Soy Protein Concentrate
• Soy Protein Isolate
• Lecithin

Germany Soy-Based Chemicals Market, By Extraction Method

• Solvent Extraction
• Mechanical Pressing
• Extrusion

Germany Soy-Based Chemicals Market, By Source  

• Non-GMO Soybeans
• Genetically Modified Soybeans

Germany Soy-Based Chemicals Market, By Application

• Food & Beverages
• Animal Feed
• Biodiesel
• Paints & Coatings
• Pharmaceuticals