Soybean is an edible seed of the pea family considered as a vital legume in human and animal nutrition. The [FURL=https://www.industryarc.com/PressRelease/1664/US-Soybean-Market-Research-Analysis.html]U.S. Soybean Market[/FURL] is forecast to reach $79 billion by 2025, growing at a CAGR of 4.5%. The growth of the market can be attributed to increasing consumer awareness about health benefits of soybeans and its surging use in animal feed. The educational programs and initiatives by associations such as the American Soybean Association, Illinois Soybean Association, and Iowa Soybean Association is increasing awareness about the importance of soybean in reducing risk of osteoporosis and coronary heart diseases. Soybean is also evolved as the largest agricultural crop in terms of export value. According to The Observatory of Economic Complexity, the export value of soybeans from U.S. reached $22 billion in 2017. Browse U.S. Soybean Market Report Link:
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Increasing production of soybean in the country, and the resultant growth in adoption of soymeal in the animal feed industry owing to high nutritional benefits is leading to growth of the U.S. soybean market. Large availability of soybeans is turning feed manufacturers towards soymeal over other import-based and expensive alternatives such as meat meal and bone meal. Livestock producers and pet owners in the U.S. are increasingly turning towards use of soymeal as a protein supplement. Soybeans are extensively used in several forms of processed pet foods including wet, dry, and semi-moist formulations.
Soybean is considered an important source of protein for millions of vegetarians in the U.S. Most Americans consume soy-based food products such as soy milk, tofu, soy sticks, soy sauce, and others. The report includes an extensive analysis of the market by type, covering both fermented and non-fermented varieties of soybean-based food products. Soybean or soya bean is a legume widely grown for its oil-rich proteinaceous seeds and used as fat free food for obese and people on diet.
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