Roasted Soybean Market Size, Share, Industry Trends, Growth Opportunities and Market Forecast 2023 - 2030

Global Roasted Soybean Market is segmented By Nature (Organic, Conventional), By Form (Whole, Splits, Flour), By End User (Beverages, Bakery, Snacks & Convenience Food, Animal Feed, Other), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023 - 2030

Roasted Soybean Market Size

Global Roasted Soybean Market reached USD 1.5 billion in 2022 and is expected to reach USD 2.1 billion by 2030 growing with a CAGR of 4.8% during the forecast period 2023-2030. Health-conscious consumers and fitness enthusiasts are increasingly incorporating roasted soybean snacks into their diets due to their high protein content and nutritional benefits.

The roasted soybean market is experiencing steady growth globally. The market is driven by the rising demand for healthy and plant-based protein snacks, along with increasing consumer awareness of the nutritional benefits of roasted soybeans. Key players are focusing on product innovation and expanding their distribution networks to capitalize on the growing market opportunities.

The increasing popularity of plant-based diets and the rising awareness of environmental sustainability are driving the demand for roasted soybean products as a viable protein source. For instance, major food companies are introducing new roasted soybean snack lines to cater to the growing demand for plant-based protein alternatives, leading to market expansion.

Roasted Soybean Market Scope

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Roasted Soybean Market Dynamics

Roasted Soybeans Market Driven by Growing Health Consciousness and Demand for Protein-Rich Snacks

The roasted soybean market trend is witnessing a significant boost due to the increasing health consciousness among consumers and the rising demand for protein-rich snacks. When compared to traditional snacks, roasted soybeans are a delectable, nutrient-dense option that appeals to consumers who are looking for indulgences they can enjoy guilt-free. Further advancing the market is the rising acceptance of veganism and plant-based diets.

On the basis of the dry weight of mature raw seeds, soybean is normally comprised of nearly 35 to 40% protein, 20% lipids, 9% dietary fiber, and around 8.5% of moisture. This composition varies with the location, climate of the planting, and variety of soybean. One cup of roasted soybeans provides about 10 grams of protein. Roasted soybeans are rich in iron and help prevent anemia. Roasted soy nuts contain higher amounts of zinc than raw ones.

Rising Adoption in Animal Feed Industry Fueling the Demand for Roasted Soybeans in the Market

The roasted soybean market share is witnessing a remarkable surge, fueled by the rising adoption of roasted soybeans in the animal feed industry. As livestock and poultry producers seek high-quality, protein-rich feed options, roasted soybeans have emerged as an excellent choice, offering essential nutrients for healthy animal growth and development. 

The increased inclusion of roasted soybeans in animal feed formulations is positively impacting market revenue. Additionally, the expanding livestock industry, especially in developing countries, is expected to further boost the roasted soybean market share in the foreseeable future, as the demand for animal feed rises in tandem with population growth and urbanization.

Fluctuating Raw Material Prices and Supply Chain Disruptions Pose Restraints to Roasted Soybean Market Growth

One significant restraint affecting the roasted soybean market is the volatility of raw material prices and potential supply chain disruptions. Soybeans are susceptible to price fluctuations due to various factors such as weather conditions, geopolitical events, and trade policies. These uncertainties in raw material costs can pose challenges for manufacturers and may affect their profit margins.

Additionally, supply chain disruptions, such as transportation issues and logistics constraints, can lead to delays in production and distribution, impacting the availability of roasted soybean products in the market, and also the roasting process used to manufacture soybeans can lead to potential challenges. However, the ongoing uncertainties in the global economic landscape continue to pose challenges for the roasted soybean market.

Roasted Soybean Market Segment Analysis

The global roasted soybean market is segmented based on nature, form, end use, and region.

Growing Demand for Healthy and Sustainable Roasted Soybean Products Driving the Growth of Organic Roasted Soybean Segment

The global roasted soybean market has been segmented by nature into organic and conventional.

The organic roasted soybean segment is witnessing robust growth driven by the rising consumer preference for healthy and sustainable food choices. Organic roasted soybean products, such as soy nuts, dry roasted soybeans, and flavored roasted soybeans, have gained popularity due to their nutritional value and eco-friendly production methods. As health-conscious consumers seek natural and chemical-free snacks, the demand for organically grown soybeans processed using dry roasting techniques has surged. 

These organic roasted soybean products are a delicious substitution for regular snacks since they offer a balanced combination of nutrition and flavor. The organic roasted soybean market is anticipated to maintain its upward trend as customer preferences for healthy products change globally and the focus on sustainability grows.

Global Roasted Soybean Market Geographical Share

North America's Roasted Soybean Market Soars with the Rise of Plant-Based Protein Snacking

The roasted soybean market in north america is experiencing a remarkable upswing, fueled by the surging popularity of plant-based protein snacks and healthy snacking. Roasted soybean products are becoming more and more popular among consumers in the area as a healthy and sustainable option for enjoyment without feeling guilty. When soybeans are roasted, the taste and texture are improved, giving them a delicious option for anyone looking for natural, high-protein snacks. 

Market trends and analysis indicate a growing preference for roasted soybeans, given their versatility and eco-friendly production methods. As the awareness of the health benefits of roasted soybean snacks spreads, the North American market is projected to witness continued growth, catering to the evolving snacking preferences of consumers.

Roasted Soybean Market Companies

The major global players in the market include Hain Celestial Group, Eden Foods Inc., Seapoint Farms, Archer Daniels Midland Company (ADM), American Soy Products Inc., Minnesota Soybean Processors, SunOpta Inc., Grain Millers Inc., Natural Products Inc., and CHS Inc.

COVID-19 Impact 

Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:

The COVID-19 pandemic has had a mixed impact on the Roasted Soybean Market. During the early stages of the pandemic, there was a surge in demand for healthy and shelf-stable snacks, including roasted soybean products, as consumers stocked up on pantry essentials. However, as lockdowns and restrictions affected supply chains and disrupted distribution networks, the market experienced logistical challenges. 

Additionally, the closure of restaurants and food service establishments impacted the bulk purchasing of roasted soybean products. Despite initial challenges, the market showed resilience due to the growing awareness of plant-based protein snacks and an increased focus on health and immunity-boosting foods during the pandemic.

By Nature

• Organic 
• Conventional

By Form

• Whole
• Splits
• Flour

By End Use

• Beverages
• Bakery
• Snacks & Convenience Food
• Animal Feed
• Other

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The U.K.
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• On December 14, 2021, Vippy Industries, one of India’s oldest soy processing companies known best for its Vama range of products, has now entered the healthy snacking space with the launch of PROMUNCH Roasted Soya Snack.
• On March 22, 2022, Otsuka Pharmaceutical Co., Ltd. announced the launch of SOYJOY Plant-Based, a new series in the SOYJOY line of delicious, convenient whole-soy nutrition bars. Made with 100% plant-based ingredients, the new SOYJOY Plant-Based bars will be launched in two flavors (white chocolate and banana), nationwide in Japan.
• On April 3, 2023, the government of Ghana is investing US$108 million over the next 5 years to drive self-sufficiency in soybean production for the domestic market and increase competitiveness in the value chain.

Why Purchase the Report?

• To visualize the global roasted soybean market segmentation based on nature, form, end use, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development. 
• Excel data sheet with numerous data points of roasted soybean market-level with all segments.
• The PDF report consists of a cogently put-together market analysis after exhaustive qualitative interviews and an in-depth market study.
• Product mapping is available as Excel consists of key products of all the major market players.

The global roasted soybean market report would provide approximately 61 tables, 57 figures, and 190 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies