United Kingdom Soy-Based Chemicals Market Size, Share, and COVID-19 Impact Analysis, By Type (Soy Oil, Soy Wax, Soy-Based Polymers, Soy Fatty Acids, and Soy Methyl Esters), By Application (Industrial, Cosmetics & Personal Care, Food & Beverages, Pharmaceuticals, and Agriculture), and United Kingdom Soy-Based Chemicals Market Insights, Industry Trend, Forecasts to 2035.

United Kingdom Soy-Based Chemicals Market Insights Forecasts to 2035

• The United Kingdom Soy-Based Chemicals Market Size Was Estimated at USD 1,197.76 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 8.03% from 2025 to 2035
• The United Kingdom Soy-Based Chemicals Market Size is Expected to Reach USD 2,802.24 Million by 2035

According to a research report published by Spherical Insights & Consulting, the United Kingdom Soy-Based Chemicals Market Size is anticipated to reach USD 2,802.24 Million by 2035, growing at a CAGR of 8.03% from 2025 to 2035. The increasing awareness of the environment, government backing for sustainable substitutes, growing demand for sustainable and biodegradable products, and the growing usage of chemicals derived from soy in industrial, cosmetic, and agricultural applications.

Market Overview

The United Kingdom soy-based chemicals market refers to the industry focused on developing and applying soybean-based chemicals as environmentally friendly substitutes for petroleum-based goods.  Numerous industries, including industrial manufacturing, plastics, cosmetics, and agriculture, use these bio-based compounds.  The market encourages the use of non-toxic and biodegradable products instead of conventional synthetic chemicals, promotes renewable resources, and lessens its influence on the environment. The growing demand for sustainable and environmentally friendly alternatives across the industry.  The use of soy-based compounds in plastics, coatings, and personal care products is being driven by growing environmental restrictions in addition to customer preferences for green products.  Furthermore, improvements in biotechnology and processing techniques create new opportunities for product development, increasing the competitiveness and attractiveness of soy-based solutions for producers seeking to reduce their carbon footprint and dependency on fossil fuels. The development of advanced biopolymers, resins, and surfactants generated from soy that function on par with or better than their petroleum-based equivalents.  In order to increase uses in packaging, agricultural, automotive, and personal care, while advancing sustainability and biodegradability, researchers are improving extraction methods and developing multipurpose products.

Report Coverage

This research report categorizes the market for the United Kingdom 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 United Kingdom 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 United Kingdom soy-based chemicals market.

Driving Factors

The increasing demand for sustainable alternatives to petroleum-based products, supportive government legislation, and more environmental awareness.  The market is expanding due to growing uses in sectors including packaging, agriculture, and cosmetics.  Improved processing methods and technological developments have increased product efficiency and expanded use.  Manufacturers are being encouraged to use soy-based solutions by consumers' preference for natural, biodegradable ingredients. Growth is additionally supported by regulatory frameworks that encourage environmentally responsible behaviors.  Furthermore, the advantages of soy-based chemicals are in line with the drive for a circular economy and lower carbon emissions, thus rendering them an increasingly common choice in a range of industries.

Restraining Factors

The high manufacturing costs, restricted access to raw materials, and competition from determined petroleum-based substitutes. Furthermore, worries regarding land use and the displacement of food crops, in addition to fluctuating soybean prices, can limit investment in bio-based chemical manufacturing facilities and impede widespread adoption.

Market Segmentation

The United Kingdom soy-based chemicals market share is classified into type and application.

• The soy oil segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The United Kingdom soy-based chemicals market is segmented by type into soy oil, soy wax, soy-based polymers, soy fatty acids, and soy methyl esters. Among these, the soy oil segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segment growth can be attributed to increasing uses in sectors including packaging, cosmetics, and biodiesel, in addition to government incentives and a greater emphasis on sustainability, have boosted the UK soy-based chemicals market.

• The industrial segment accounted for the largest revenue in 2024 and is expected to grow at a significant CAGR during the forecast period.

The United Kingdom soy-based chemicals market is segmented by application into industrial, cosmetics & personal care, food & beverages, pharmaceuticals, and agriculture. Among these, the industrial segment accounted for the largest revenue in 2024 and is expected to grow at a significant CAGR during the forecast period. The segment growth is driven by increasing applications in food, medicine, cosmetics, and agriculture, in addition to rising industrial demand for environmentally friendly paints, coatings, and lubricants, which contribute to the UK market for soy-based chemicals.  The market's adoption and growth are further accelerated by eco-friendly attributes and governmental support.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United Kingdom 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

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

Recent Developments:

• In May 2023, Vertec Biosolvents Inc. launched a new line of soy-based solvents called SoyClean, which are non-toxic and biodegradable, serving as environmentally friendly alternatives to traditional petroleum-based solvents.

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 UK, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the United Kingdom soy-based chemicals market based on the below-mentioned segments:

United Kingdom Soy-Based Chemicals Market, By Type

• Soy Oil
• Soy Wax
• Soy-Based Polymers
• Soy Fatty Acids
• Soy Methyl Esters

United Kingdom Soy-Based Chemicals Market, By Application

• Industrial
• Cosmetics & Personal Care
• Food & Beverages
• Pharmaceuticals
• Agriculture