Soybean Market - Forecast(2020 - 2025)
According to the US National Library of Medicine, around 65% ability to digest lactose is lost in nearly all human beings post infancy. As we grow older, we lose our capability to digest dairy and its products which eventually leads to a deficiency of protein in our bodies. Lactose intolerance, a common problem with around 10 million cases per year, renders consumers with a nauseating feeling every time they consume any product which contains lactose. Soybean market takes center stage here as its product is gradually replacing the dairy industry by providing the exact same nutrients, while maintaining environment sustainability at the same time. According to the analyst at IndustryARC, the global soybean market is projected to grow with a noticeable CAGR of 4%-5% during the forecast period of 2019-2025. The market size was also valued between $148 billion to $150 billion during 2018. Asia Pacific leads the soybean market geographically with a regional share of 32%-34% as of 2018, owin...