Global Glycine Soja Seed Extract Market Overview
The Glycine Soja Seed Extract Market Size was estimated at 2.45 (USD Billion) in 2022. The Glycine Soja Seed Extract Industry is expected to grow from 2.54(USD Billion) in 2023 to 3.5 (USD Billion) by 2032. The Glycine Soja Seed Extract Market CAGR (growth rate) is expected to be around 3.64% during the forecast period (2024 - 2032).
Key Glycine Soja Seed Extract Market Trends Highlighted
Increasing demand for plant-based products is a key trend shaping the Glycine Soja Seed Extract market. Consumers are becoming more health-conscious and seeking natural and sustainable alternatives to animal-based products, driving growth in the demand for soybean-based ingredients. Moreover, the growing popularity of functional foods and beverages is fueling the market as Glycine Soja Seed Extract offers various health benefits.Opportunities lie in the expansion into emerging markets, as well as the development of new product applications. The growing awareness of the health benefits associated with soybean extracts is expected to drive demand in developing regions. Additionally, innovation in extraction and processing technologies presents opportunities for improved product quality and functionality, which can further enhance the market's potential.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Glycine Soja Seed Extract Market Drivers
Rising Demand for Plant-Based Products
The ever-increasing availability and popularity of plant-based diets and concern about the health benefits of plant-based proteins are the primary drivers of the Glycine Soja Seed Extract Market Industry. Glycine soja seed extract contains isoflavones, which have been shown to have potential beneficial effects in the prevention and therapy of heart diseases, cancer and osteoporosis. As the availability of plant-based products increases, so will the consumption of glycine soja seed extract.
Increasing Use of Personal Care Products
Glycine soja seed extract Glycine soja seed extract is also gaining popularity in the personal care industry. It is used in various skincare, hair care and cosmetics. Glycine soja seed extract has antioxidants as well as anti-inflammatory agents, which makes it useful for all types of skin, thereby increasing the demand. With its ability to improve skin elasticity and wrinkles and soothe the skin, it has become a viable compound in the manufacture of personal products.In the hair industry, glycine soja seed extract is used to promote hair growth and prevent hair loss. It can also be used to add some volume and shine to the hair.
Growing Demand from the Food and Beverage Industry
The food and beverage industry is another major driver of the Glycine Soja Seed Extract Market Industry. Glycine soja seed extract is used as a food additive to improve the nutritional value of foods and beverages. It is a good source of protein, fiber and vitamins. Glycine soja seed extract can also be used to improve the taste and texture of foods and beverages.
Glycine Soja Seed Extract Market Segment Insights
Glycine Soja Seed Extract Market Application Insights
The glycine soja seed extract is a natural product and can be used in several fields. The glycine soja seed extract market can be segmented into five major applications: Food Additives, Dietary Supplements, Pharmaceuticals, Cosmetics, Feed and Other Applications. The largest market share in 2023 is expected to be held by the Food Additives segment, which is expected to generate USD 1.2 billion in revenue. The growth of this segment is driven by the rising demand for natural and healthy food additives. The fastest-growing segment is expected to be Dietary Supplements, which will have a CAGR of 4.5%.This growth is supported by the rising awareness of the health benefits of the glycine soja seed extract. The Pharmaceuticals segment is another major application, which will generate USD 0.6 billion in 2023. Glycine soja seed extract in this application segment is used in various drugs, such as anti-inflammatory, antioxidant, and anticancer drugs. The growth of the Cosmetics segment is driven by the increasing demand for such products due to their anti-aging, moisturizing, and skin-brightening properties. The smallest segment is Feed, which will generate only USD 0.2 billion in 2023.In this application, the glycine soja seed extract is used as a source of proteins and amino acids. Other Applications include such industrial applications as adhesives, coatings, and plastics.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Glycine Soja Seed Extract Market Form Insights
The Glycine Soja Seed Extract Market Segmentation by Form: Powder, Liquid, Extract The Powder segment held the largest market share in 2023, and it is presumed that the segment will dominate the market during the forecast period, too. The growing demand for powder forms in the food-beverage industry is driving the segment growth. The form is easily adaptable to various food and beverage products and is a convenient choice for manufacturers to accelerate the form usage. The Liquid segment will experience the fastest growth rate during the period.The growing preference for liquid supplements and the presence of liquid extracts in multiple pharmaceutical need areas are driving segment growth. Being in the liquid medium, the form improves bioavailability and absorption and is an ideal solution for nutraceuticals and pharmaceutical applications. The Extract segment held the smallest market share in 2023, but the segment growth will be steady during the period of projection. The growing demand for natural and organic solutions in the cosmetics and personal care industry is propelling the growth of the form.Being a highly concentrated medium, the form is rich in bioactive compounds and is an excellent solution for accelerating multiple cosmetic and personal care products.
Glycine Soja Seed Extract Market Source Insights
Source Segment Insight and Overview The Glycine Soja Seed Extract Market is segmented by source into Non-GMO, GMO and Organic. The Non-GMO segment is estimated to hold the largest market share in 2023 due to consumer preference for natural and non-genetically modified products. The GMO segment is projected to grow at a significant CAGR during the forecast period, owing to the increasing adoption of genetically modified crops for higher yields and pest resistance. The Organic segment is expected to witness steady growth, driven by the rising demand for organic food products.In 2023, the Non-GMO segment is valued at approximately 1.2 billion USD, while the GMO and Organic segments are expected to reach valuations of 0.8 billion USD and 0.5 billion USD, respectively. The market growth for all three segments is attributed to the increasing demand for Glycine Soja seed extract in various applications, such as food, beverages, pharmaceuticals and cosmetics.
Glycine Soja Seed Extract Market Certification Insights
The Glycine Soja Seed Extract Market is segmented into various sub-segments, including certification. The certification segment is further classified into USDA Organic, Non-GMO Project Verified, EU Organic and JAS Organic. The increasing demand for organic and sustainably sourced ingredients is driving the growth of the certified Glycine Soja Seed Extract market. In 2023, the USDA Organic segment accounted for the largest share of the Glycine Soja Seed Extract market revenue, and it is expected to continue its dominance during the forecast period.The increasing adoption of organic farming practices is contributing to the growth of this segment. The Non-GMO Project Verified segment is also expected to witness significant growth owing to the rising consumer demand for non-GMO products. The EU Organic and JAS Organic segments are expected to grow at a steady pace, driven by the increasing demand for certified products in Europe and Japan, respectively. The overall growth of the certification segment is expected to be driven by the increasing demand for high-quality and sustainably sourced Glycine Soja Seed Extract.
Glycine Soja Seed Extract Market Regional Insights
The Glycine Soja Seed Extract Market is segmented into North America, Europe, APAC, South America and MEA. Among these regions, North America is expected to hold the largest market share in 2023, owing to the increasing demand for natural and organic ingredients in the food and beverage industry. Europe is also a significant market for Glycine Soja Seed Extract, with a growing demand from the cosmetics and personal care industry. The APAC region is expected to witness the highest growth rate during the forecast period due to the rising disposable income and increasing awareness of the health benefits of Glycine Soja Seed Extract.South America and MEA are also expected to contribute to the growth of the Glycine Soja Seed Extract Market, albeit at a slower pace compared to the other regions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Glycine Soja Seed Extract Market Key Players And Competitive Insights
Key participants in Glycine Soja Seed Extract Market industry continue to focus on developing their product portfolios with the new product lines. They are also investing in advanced technologies to improve the sustainability and quality of the designed manufacturing operations. For instance, in 2023, Archer Daniels Midland Company presented a new line of non-GMO glycine soja seed extract products. Leading Glycine Soja Seed Extract Market players continue to invest in R activities, seeking new possibilities for the application of glycine soja seed extract and, thereby, will positively contribute to the Glycine Soja Seed Extract Market expansion in years to come. The Glycine Soja Seed Extract Market Competitive Landscape is characterized by the presence of a large number of regional and players. Notable companies in the market include Archer Daniels Midland Company, DuPont, Cargill, Incorporated, and Ingredion Incorporated, which are engaged in developing their market presence and product lines through acquisitions, mergers, and collaboration events.
Archer Daniels Midland Company is a leader in providing a wide spectrum of agricultural products and food ingredients. ADM is among the prominent players operating in the Glycine Soja Seed Extract Market, promoting a wide range of glycine soja seed extract products of different origins, from organic to non-GMO and sustainable. The company has a well-established distribution network and production facilities for serving the interests of multiple regional customers throughout the globe. ADM is continuously enhancing the quality and sustainability of manufacturing operations through strong R investments that are also supported by the presence of the relevant departments.
Sustainability issues and ethical sourcing have become central to Archer Daniels Midland Company’s strategy and have led to sustainable collaboration with many customers and vendors.Cargill, Incorporated is another well-established market player that promotes a wide spectrum of agricultural products and food ingredients. Cargill’s history is associated with its long-term presence in the specific market, and the company has successfully created a positive reputation as a preferred partner for many customers interested in high-quality food ingredients. Cargill currently offers various food-grade, pharmaceutical-grade, and cosmetic-grade glycine soja seed extract products and continually invests in R as an opportunity to enhance the value of the promoted ingredients and operations.
Key Companies in the Glycine Soja Seed Extract Market Include
Glycine Soja Seed Extract Market Industry Developments
The Glycine Soja Seed Extract market is projected to grow from USD 2.54 billion in 2024 to USD 3.5 billion by 2032, at a CAGR of 3.64% during the forecast period. Increasing demand for plant-based protein and rising awareness about the health benefits of soy extracts are driving the market growth. Soy isoflavones, a type of phytoestrogen found in soybean extracts, have been linked to reduced risk of chronic diseases such as cardiovascular disease and cancer. Additionally, growing demand for natural and organic food products is expected to boost the market growth.Key recent developments in the market include: In 2023, ADM expanded its soy protein concentrate production capacity in North America to meet the growing demand for plant-based protein. In 2022, Cargill launched a new line of soy protein isolates that are low in carbohydrates and high in protein content. In 2021, DuPont Nutrition Biosciences introduced a new range of soy isoflavone extracts that are standardized for specific health benefits.
Glycine Soja Seed Extract Market Segmentation Insights
Glycine Soja Seed Extract Market Application Outlook
Glycine Soja Seed Extract Market Form Outlook
Glycine Soja Seed Extract Market Source Outlook
Glycine Soja Seed Extract Market Certification Outlook
Glycine Soja Seed Extract Market Regional Outlook
| Report Attribute/Metric | Details |
| Market Size 2022 | 2.45(USD Billion) |
| Market Size 2023 | 2.54(USD Billion) |
| Market Size 2032 | 3.5(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 3.64% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Ingredion Incorporated, Evonik Industries AG, Cargill, Kerry Group plc, Lonza Group Ltd, Solbar Industries Ltd., DowDuPont, Archer Daniels Midland, Wilmar International, Solae LLC, ADM Protein Specialties, Arkema S.A., Koninklijke DSM N.V., DuPont, Bunge Limited |
| Segments Covered | Application, Form, Source, Certification, Regional |
| Key Market Opportunities | 1.      Healthy Aging Nutraceutical Demand Functional Food Trend 2.      Growing Awareness of Health 3.      Expansion in the Food and Beverage Industry |
| Key Market Dynamics | 1.      Rising demand for plant-based protein 2.      Growing popularity of functional foods 3.      Increasing awareness of health benefits 4.      Technological advancements in extraction processes 5.      Expansion into emerging markets |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Glycine Soja Seed Extract Market was estimated to be valued at USD 2.54 billion in 2023.
The Glycine Soja Seed Extract Market is projected to grow at a CAGR of 3.64% from 2024 to 2032.
The Asia Pacific region is expected to hold the largest market share in the Glycine Soja Seed Extract Market in 2032.
Key applications of Glycine Soja Seed Extract include food and beverages, dietary supplements and cosmetics.
Key competitors in the Glycine Soja Seed Extract Market include Archer Daniels Midland Company, Cargill, Incorporated, and Ingredion Incorporated.
Major factors driving the growth of the Glycine Soja Seed Extract Market include increasing demand for plant-based protein, rising awareness of the health benefits of Glycine Soja Seed Extract, and growing applications in the food and beverage industry.
Challenges faced by the Glycine Soja Seed Extract Market include fluctuations in raw material prices, competition from synthetic ingredients, and regulatory hurdles.
Opportunities for the Glycine Soja Seed Extract Market include expanding applications in the food and beverage industry, growing demand for plant-based protein, and increasing awareness of the health benefits of Glycine Soja Seed Extract.
Key trends in the Glycine Soja Seed Extract Market include increasing demand for non-GMO ingredients, rising popularity of clean-label products, and growing adoption of sustainable practices.
The Glycine Soja Seed Extract Market is expected to reach USD 3.5 billion by 2032.
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