Home » Chemicals » Canada Soy-Based Chemicals Market

Canada Soy-Based Chemicals Market

Canada Soy-Based Chemicals Market By Type (Soy Oil, Soy Wax, Soy-Based Polymers, Soy Fatty Acids, Soy Methyl Esters); By Application (Industrial, Cosmetics & Personal Care, Food & Beverages, Pharmaceuticals, Agriculture); By End-Use Industry (Automotive, Construction, Packaging, Healthcare, Others) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
Canada Soy-Based Chemicals Market Size 2024	USD 976.41 million
Canada Soy-Based Chemicals Market, CAGR	6.91%
Canada Soy-Based Chemicals Market Size 2032	USD 1,666.35 million

Market Overview

The Canada Soy-Based Chemicals Market is projected to grow from USD 976.41 million in 2024 to an estimated USD 1,666.35 million by 2032, with a compound annual growth rate (CAGR) of 6.91% from 2025 to 2032. This growth is driven by increasing demand for sustainable and bio-based alternatives across various industries, including biodiesel, plastics, and personal care products.

Key drivers of this market include stringent environmental regulations, rising consumer preference for eco-friendly products, and advancements in soy chemical processing technologies. These factors are leading to the development of innovative soy-based chemicals that offer improved performance characteristics and reduced environmental impact.

Geographically, North America, particularly Canada, is witnessing significant growth in the soy-based chemicals market. Key players in this region include Cargill Inc., Archer Daniels Midland Company, and Bunge Limited, who are actively involved in the production and development of soy-based chemicals.

Access crucial information at unmatched prices!

Request your sample report today & start making informed decisions powered by Credence Research!

Download Sample

Market Insights

The Canada Soy-Based Chemicals Market is projected to grow from USD 976.41 million in 2024 to USD 1,666.35 million by 2032, with a CAGR of 6.91% from 2025 to 2032, driven by demand for sustainable alternatives.
The Global Soy-Based Chemicals Market is projected to grow from USD 28,996.80 million in 2024 to USD 52,069.72 million by 2032, with a CAGR of 7.59% from 2025 to 2032.
Key drivers include increasing environmental regulations, a shift toward eco-friendly products, and technological advancements in soy chemical processing.
The market faces challenges from the price volatility of soybeans, which can disrupt production costs and supply chain stability.
Competition from petroleum-based chemicals, which benefit from established infrastructure and lower production costs, may limit the market’s growth potential.
Ontario and Quebec dominate the Canadian market, driven by strong soybean cultivation and industrial production capabilities in these provinces.
Western Canada, particularly Saskatchewan, contributes to soy-based chemical production but is less prominent compared to Ontario and Quebec.
Major players like Cargill Inc., Archer Daniels Midland Company, and Bunge Limited are leading the market, leveraging their extensive supply chains and technological capabilities.

Market Drivers

Environmental Sustainability and Regulatory Support

The growing emphasis on environmental sustainability is a significant driver for the Canada Soy-Based Chemicals Market. Governments worldwide are implementing policies and providing subsidies to promote the use of bio-based chemicals, thereby reducing reliance on fossil fuels and mitigating environmental pollution. In Canada, this trend is evident as the country seeks to meet its climate goals and reduce greenhouse gas emissions. For instance, the Sustainable Canadian Soy program aims to enhance the sustainability of Canadian farms and the soybean value chain by implementing best management practices such as no-till or minimal tillage systems, which protect and enhance soil health and water retention1. Soy-based chemicals offer a renewable and biodegradable alternative to petroleum-derived products, aligning with Canada’s environmental objectives. This shift is further supported by consumer demand for eco-friendly products, driving industries to adopt sustainable practices and invest in bio-based solutions.

Technological Advancements in Soy Processing

Advancements in biotechnology and chemical engineering have enhanced the efficiency and cost-effectiveness of producing soy-based chemicals. Innovations in soy processing technologies have led to improved yields and performance characteristics, making these chemicals more competitive with traditional petrochemicals. In Canada, research institutions and industry players are collaborating to develop new soy-based products with superior qualities, expanding their applications across various sectors. For example, a new soy processing project in Morrisburg, Ontario, is set to transform the region into a hub for soy processing innovation, leveraging advanced technologies to develop and commercialize new soy products. These technological developments are pivotal in meeting the growing demand for sustainable alternatives and positioning Canada as a leader in the bio-based chemical industry. Additionally, tools like Farmonaut’s mobile apps are being used by farmers to optimize soybean production, contributing to a more efficient and sustainable supply chain.

Economic Viability and Market Demand

The economic advantages of soy-based chemicals contribute to their increasing adoption in Canada. With the rising cost of petroleum-based chemicals and the volatility of crude oil prices, soy chemicals present a more stable and cost-effective option for manufacturers. Additionally, the expanding applications of soy chemicals in emerging sectors such as bioplastics, green building materials, and bio-lubricants are creating new market opportunities. For instance, soy-based bioplastics are being used in packaging, automotive parts, and consumer goods, driven by their biodegradability and lower environmental impact. In the construction industry, soy-based adhesives and insulation materials are gaining traction due to their sustainability and performance benefits. These economic and market dynamics are fueling the growth of the soy-based chemicals market in Canada.

Diverse Industrial Applications

Soy-based chemicals find applications across various industries, including food and beverages, personal care, plastics, and biodiesel. In Canada, the increasing demand for plant-based products and renewable energy sources is driving the utilization of soy chemicals in these sectors. For example, soy-based biodiesel is gaining popularity as a cleaner alternative to traditional diesel fuels, contributing to reduced carbon emissions. Similarly, soy-derived ingredients are being incorporated into personal care products and food items, catering to the growing consumer preference for natural and sustainable products. This versatility in applications underscores the potential of soy-based chemicals to meet diverse market needs and drive industry growth.

Market Trends

Technological Advancements in Soy Processing

Advancements in biotechnology and chemical engineering are enhancing the efficiency and cost-effectiveness of producing soy-based chemicals in Canada. Innovations in extraction and processing technologies have led to improved yields and the development of high-performance soy-based products. These technological improvements are enabling manufacturers to meet the increasing demand for sustainable alternatives across various industries, including personal care, packaging, and automotive. Furthermore, ongoing research and development efforts are focused on enhancing the functional properties of soy-based chemicals, thereby broadening their application scope and competitiveness in the market.

Policy Support and Market Incentives

Government policies and incentives play a crucial role in driving the growth of the Canada Soy-Based Chemicals Market. Regulatory frameworks promoting the use of renewable resources and bio-based chemicals are encouraging industries to adopt soy-derived alternatives. Subsidies and grants for research and development in sustainable technologies further support innovation in soy-based chemical production. These policy measures not only facilitate market entry for new players but also stimulate investment in the sector, contributing to the overall expansion of the soy-based chemicals market in Canada.

Expansion of Applications in Sustainable Materials

A notable trend in the Canada Soy-Based Chemicals Market is the increasing adoption of soy-derived products in sustainable materials. Soy-based polyols are gaining traction as eco-friendly alternatives in polyurethane foams, which are extensively used in automotive seating, insulation, and packaging. These bio-based polyols offer comparable performance to their petroleum-based counterparts while reducing environmental impact. In 2022, Mordor Intelligence reported that the global demand for bio-based polyols has increased significantly, particularly in applications like furniture and automotive industries, contributing to the growth of eco-friendly materials. Additionally, soy-based adhesives and coatings are being utilized in the construction and paper industries, aligning with the growing demand for renewable and biodegradable materials. Companies like BASF have been innovating soy-based solutions, such as soy-based binders for paper coatings, further enhancing the environmental appeal of these materials. This shift towards sustainable materials is driven by both regulatory pressures and consumer preference for environmentally responsible products. Global demand for these bio-based materials continues to rise as industries seek alternatives to reduce their carbon footprint, aligning with ongoing environmental initiatives.

Growth in Plant-Based Protein Demand

The rising consumer preference for plant-based diets is significantly influencing the Canada Soy-Based Chemicals Market, particularly in the food and beverage sector. For instance, Soy protein, available in forms such as isolates and concentrates, is increasingly used in meat and dairy alternatives, offering a sustainable and nutritious option for consumers. According to Agriculture and Agri-Food Canada, soy protein is a key ingredient in plant-based food products, and the demand for soy-based meat substitutes has grown substantially, with companies like Impossible Foods and Beyond Meat incorporating soy into their product lines. This trend is supported by health-conscious individuals seeking to reduce animal product consumption and by the growing vegan and vegetarian populations. Manufacturers are innovating to incorporate soy protein into a variety of products, from protein bars to dairy-free beverages, thereby expanding the market for soy-based ingredients. With the rising popularity of plant-based diets, the market for soy protein is expected to continue to grow rapidly as companies strive to meet the demand for more sustainable and healthier food options.

Market Challenges

Price Volatility and Supply Chain Instability

A significant challenge facing the Canada Soy-Based Chemicals Market is the inherent price volatility of soybeans, which directly impacts production costs. Fluctuations in soybean prices can create uncertainties for manufacturers, affecting profitability and market stability. This volatility is often influenced by factors such as global trade policies, weather conditions, and changes in demand from key markets. For instance, trade disputes and tariff implementations can disrupt export channels, leading to price instability. Such unpredictability makes it challenging for companies to plan long-term investments and manage production costs effectively. Additionally, the reliance on a single agricultural commodity for raw materials exposes the industry to risks associated with crop yields and supply chain disruptions. To mitigate these risks, manufacturers may need to explore alternative sourcing strategies, invest in supply chain diversification, and implement risk management practices.

mpetitive Pressure from Petroleum-Based Alternatives

Another challenge is the competitive pressure from petroleum-based chemicals, which often benefit from established infrastructure and economies of scale. These conventional chemicals typically have lower production costs, making it difficult for soy-based alternatives to compete on price alone. The established dominance of petrochemicals in various industries, coupled with their lower cost structures, poses a significant barrier to the widespread adoption of soy-based chemicals. Overcoming this challenge requires continuous innovation to enhance the performance and cost-effectiveness of soy-based products. Additionally, fostering consumer awareness about the environmental benefits of soy-based chemicals and aligning with sustainability trends can help differentiate these products in the marketplace. Strategic collaborations, investments in research and development, and advocacy for supportive policies can also play pivotal roles in enhancing the competitiveness of soy-based chemicals.

Market Opportunities

Expansion of Domestic Soy Processing Capabilities

Canada is actively investing in domestic soy processing infrastructure, presenting a significant opportunity for the soy-based chemicals market. A notable initiative involves the establishment of a pilot-scale facility in Ontario by Alinova Canada Inc., in collaboration with Marusan Ai Co., Earth’s Own Foods, and Flamaglo Foods. This facility aims to develop and commercialize new soy-based products, such as soy powder, targeting both domestic and international markets, including Japan. By processing soybeans locally, Canada can add value to its agricultural products, reduce dependency on international processing, and enhance its position in the global market for plant-based proteins and chemicals.

Growth in Global Demand for Sustainable Chemicals

The increasing global shift towards sustainability is driving demand for bio-based chemicals, including soy-derived products. Soy chemicals are gaining traction as eco-friendly alternatives to petroleum-based counterparts, finding applications in biodiesel, bioplastics, and various industrial chemicals. This trend is particularly evident in regions like North America, where environmental regulations and consumer preferences are steering industries towards renewable resources. For Canada, this global movement presents an opportunity to capitalize on its abundant soy production by expanding the use of soy-based chemicals across diverse sectors, thereby stimulating economic growth and positioning itself as a leader in sustainable chemical production.

Market Segmentation Analysis

By Type:

Soy-based chemicals are available in various forms, each catering to different industrial needs. Soy Oil is one of the most widely used products, particularly in food production, biofuels, and personal care products. It is rich in unsaturated fats, which makes it a valuable ingredient in biodiesel production. Soy Wax is another significant segment used primarily in candle-making, cosmetics, and food coatings due to its natural and biodegradable properties. Soy-Based Polymers have gained traction in the production of eco-friendly plastics and films, with applications in packaging and medical devices. Soy Fatty Acids are widely used in the production of detergents, soaps, and lubricants due to their emulsifying properties. Lastly, Soy Methyl Esters, primarily used in biodiesel production, offer a sustainable alternative to fossil fuels and are gaining increasing acceptance in the energy sector.

By Application:

The soy-based chemicals market serves several key applications across diverse industries. The Industrial segment is a significant driver, with soy-based chemicals used in coatings, lubricants, and cleaning agents. In Cosmetics & Personal Care, soy derivatives such as soy protein and oils are popular due to their moisturizing and conditioning properties, used in skincare products, shampoos, and lotions. The Food & Beverages segment utilizes soy derivatives like soy lecithin and soy oil in processed foods and as emulsifiers. In the Pharmaceuticals sector, soy derivatives are used in drug formulations and controlled-release systems. Agriculture also benefits from soy-based products in the form of fertilizers, herbicides, and biopesticides.

Segments

Based on Type

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

Based on Application

Industrial
Cosmetics & Personal Care
Food & Beverages
Pharmaceuticals
Agriculture

Based on End Use Industry

Automotive
Construction
Packaging
Healthcare
Others

Based on Region

Ontario and Quebec
Western Canada
Atlantic Canada

Regional Analysis

Ontario and Quebec (60%)

Ontario and Quebec are pivotal in Canada’s soy-based chemicals market, driven by their substantial agricultural sectors and industrial capabilities. Ontario, being the leading province in soybean cultivation, contributes significantly to the production of soy-based chemicals, including soy oil, fatty acids, and soy-based polymers. Quebec follows closely, with a growing emphasis on sustainable products and a robust manufacturing base that supports the demand for soy-derived chemicals in various applications. Together, these provinces likely account for a significant portion of the national market share, potentially exceeding 60%.

Western Canada (25-30%)

Western Canada, encompassing British Columbia, Alberta, and Saskatchewan, plays a crucial role in the market, albeit to a lesser extent. Saskatchewan, with its expanding soybean acreage, contributes to the supply of soybeans for chemical production. Alberta and British Columbia, though not major soybean producers, are witnessing increased adoption of soy-based chemicals, particularly in sectors like agriculture and personal care, driven by consumer demand for eco-friendly products. Collectively, these provinces may represent approximately 25-30% of the national market share.

Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!

Customize Now

Key players

Archer Daniels Midland Company
Cargill, Incorporated
Renewable Lubricants, Inc.
Soy Technologies LLC
VertecBio™
Elevance Renewable Sciences, Inc.
Dow Inc.
Calgene, Inc.
BioBased Technologies LLC
Green Plains Inc.

Competitive Analysis

The Canada Soy-Based Chemicals Market is highly competitive, with key players leveraging their technological expertise and diverse product portfolios. Archer Daniels Midland Company and Cargill, Incorporated are dominant forces, with extensive operations in agriculture and chemical processing. These giants utilize their global supply chains to produce soy-based chemicals on a large scale, capitalizing on economies of scale and broad market reach. Smaller players such as Renewable Lubricants, Inc. and Soy Technologies LLC differentiate themselves by focusing on specialized, sustainable solutions like bio-based lubricants and soy-based polymers. Elevance Renewable Sciences and Dow Inc. focus on high-value applications such as polymers and biofuels, driving innovation in sustainability. Companies like VertecBio™ and BioBased Technologies LLC emphasize renewable products and biotechnology advancements. Competitive dynamics are largely shaped by product innovation, sustainable practices, and the ability to scale operations across industries.

Recent Developments

On October 7, 2024, Evonik and BASF agreed on the first delivery of biomass-balanced ammonia, achieving a product carbon footprint reduction of over 65%. This collaboration supports Evonik’s sustainable product lines like VESTAMIN IPD eCO and VESTAMID eCO.

On February 26, 2025, Arkema announced a 15% expansion of its polyvinylidene fluoride (PVDF) production capacity at its Calvert City, Kentucky plant. This $20 million investment aims to meet the growing demand for high-performance resins in electric vehicles and energy storage systems.

On February 25, 2025, AkzoNobel offered to acquire powder coatings assets and the International Research Center from its subsidiary in India. This move is part of the company’s strategy to focus more on liquid paints and coatings in the Indian market.

In February 2025, Perstorp Holding AB began ester production at its Amsterdam plant, marking a significant step in expanding its product offerings in the sustainable chemicals sector.

Market Concentration and Characteristics

The Canada Soy-Based Chemicals Market exhibits moderate to high concentration, with a mix of large multinational corporations and specialized regional players driving growth. Major players like Archer Daniels Midland Company and Cargill, Incorporated dominate the market, benefiting from their extensive supply chains, production capabilities, and financial resources. These companies maintain a significant market share through economies of scale and wide product portfolios, including soy oil, soy-based polymers, and biodiesel. On the other hand, smaller, innovative companies such as Renewable Lubricants, Inc. and Soy Technologies LLC focus on niche, eco-friendly products like bio-lubricants and sustainable polymers. The market is characterized by increasing demand for sustainable alternatives, which drives innovation and competition among players. However, regulatory support for bio-based products and growing consumer preference for environmentally friendly chemicals also offer opportunities for new entrants and regional players to expand their market presence.

Report Coverage

The research report offers an in-depth analysis based on Type, Application, End Use Industry and Region. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook

The growing demand for environmentally friendly products will continue driving the adoption of soy-based chemicals in various industries, including packaging, automotive, and agriculture.

Ongoing innovations in soy processing technologies will improve efficiency and cost-effectiveness, making soy-based chemicals more competitive with traditional petroleum-based products.

With increasing environmental concerns, soy-based polymers are expected to see rapid growth in the bioplastics sector, particularly in packaging and automotive applications.

Soy-based biodiesel will remain a key player in the renewable energy market, driven by government mandates and the global push for cleaner energy sources.

Government policies supporting sustainable practices, such as subsidies for bio-based chemicals and stricter regulations on petroleum products, will fuel market expansion.

Growing consumer awareness and preference for plant-based products will continue to drive the demand for soy-based chemicals in food, cosmetics, and personal care sectors.

Soy-based chemicals will gain traction in the agricultural sector as eco-friendly pesticides, herbicides, and fertilizers gain popularity due to their sustainability benefits.

The establishment of more local soy processing facilities will reduce reliance on imports and enhance the market’s competitiveness, particularly in Ontario and Quebec.

Increased partnerships between biotech firms and major players like Cargill and ADM will accelerate research and development of advanced soy-based chemicals, expanding market offerings.

Canada’s soy-based chemicals market will benefit from growing export opportunities, particularly in Europe and Asia Pacific, where sustainable products are increasingly in demand.

CHAPTER NO. 1 : INTRODUCTION 19

1.1.1. Report Description 19

Purpose of the Report 19

USP & Key Offerings 19

1.1.2. Key Benefits for Stakeholders 19

1.1.3. Target Audience 20

1.1.4. Report Scope 20

CHAPTER NO. 2 : EXECUTIVE SUMMARY 21

2.1. Soy-Based Chemicals Market Snapshot 21

2.1.1. Canada Soy-Based Chemicals Market, 2018 – 2032 (USD Million) 22

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 23

3.1. Russia-Ukraine and Israel-Palestine War Impacts 23

CHAPTER NO. 4 : SOY-BASED CHEMICALS MARKET – INDUSTRY ANALYSIS 24

4.1. Introduction 24

4.2. Market Drivers 25

4.2.1. Increasing demand for sustainable and biodegradable chemicals 25

4.2.2. Rising adoption of soy-based chemicals in industrial and personal care applications 26

4.3. Market Restraints 27

4.3.1. High production costs compared to petrochemical alternatives 27

4.4. Market Opportunities 28

4.4.1. Growing investments in R&D for advanced soy-based chemical formulations 28

4.5. Porter’s Five Forces Analysis 29

4.6. Buying Criteria 30

CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 31

5.1. Import Analysis by Canada 31

5.1.1. Canada Soy-Based Chemicals Market Import Volume/Revenue, By Canada, 2018 – 2023 31

5.2. Export Analysis by Canada 32

5.2.1. Canada Soy-Based Chemicals Market Export Volume/Revenue, By Canada, 2018 – 2023 32

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 33

6.1. Demand Analysis by Canada 33

6.1.1. Canada Soy-Based Chemicals Market Demand Volume/Revenue, By Canada, 2018 – 2023 33

6.2. Supply Analysis by Canada 34

6.2.1. Canada Soy-Based Chemicals Market Supply Volume/Revenue, By Canada, 2018 – 2023 34

CHAPTER NO. 7 : PRODUCTION ANALYSIS 35

7.1. Production Analysis by Canada 35

7.1.1. Canada Soy-Based Chemicals Market Production Volume/Revenue, By Canada, 2018 – 2023 35

CHAPTER NO. 8 : PRICE ANALYSIS 36

8.1. Price Analysis by Type 36

8.1.1. Canada Soy-Based Chemicals Market Price, By Type, 2018 – 2023 36

8.1.2. Canada Type Market Price, By Type, 2018 – 2023 36

CHAPTER NO. 9 : RAW MATERIALS ANALYSIS 37

9.1. Key Raw Materials and Suppliers 37

9.2. Key Raw Materials Price Trend 37

CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS 38

10.1. Manufacturing Cost Analysis 38

10.2. Manufacturing Process 38

CHAPTER NO. 11 : ANALYSIS COMPETITIVE LANDSCAPE 39

11.1. Company Market Share Analysis – 2023 39

11.2. Value Chain Analysis 39

11.2.1. Canada Soy-Based Chemicals Market: Company Market Share, by Volume, 2023 40

11.2.2. Canada Soy-Based Chemicals Market: Company Market Share, by Revenue, 2023 41

11.2.3. Canada Soy-Based Chemicals Market: Top 6 Company Market Share, by Revenue, 2023 41

11.2.4. Canada Soy-Based Chemicals Market: Top 3 Company Market Share, by Revenue, 2023 42

11.3. Canada Soy-Based Chemicals Market Company Volume Market Share, 2023 43

11.4. Canada Soy-Based Chemicals Market Company Revenue Market Share, 2023 44

11.5. Company Assessment Metrics, 2023 44

11.5.1. Stars 44

11.5.2. Emerging Leaders 44

11.5.3. Pervasive Players 44

11.5.4. Participants 44

11.6. Start-ups /SMEs Assessment Metrics, 2023 44

11.6.1. Progressive Companies 44

11.6.2. Responsive Companies 45

11.6.3. Dynamic Companies 45

11.6.4. Starting Blocks 45

11.7. Strategic Developments 46

11.7.1. Acquisitions & Mergers 46

New Product Launch 46

Canada Expansion 46

11.8. Key Players Product Matrix 47

CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS 48

12.1. PESTEL 48

12.1.1. Political Factors 48

12.1.2. Economic Factors 48

12.1.3. Social Factors 48

12.1.4. Technological Factors 48

12.1.5. Environmental Factors 48

12.1.6. Legal Factors 48

12.2. Adjacent Market Analysis 48

CHAPTER NO. 13 : SOY-BASED CHEMICALS MARKET – BY TYPE SEGMENT ANALYSIS 49

13.1. Soy-Based Chemicals Market Overview, by Type Segment 49

13.1.1. Soy-Based Chemicals Market Revenue Share, By Type, 2023 & 2032 50

13.1.2. Soy-Based Chemicals Market Attractiveness Analysis, By Type 51

13.1.3. Incremental Revenue Growth Opportunity, by Type, 2024 – 2032 51

13.1.4. Soy-Based Chemicals Market Revenue, By Type, 2018, 2023, 2027 & 2032 52

13.2. Soy Oil 53

13.3. Soy Wax 54

13.4. Soy-Based Polymers 55

13.5. Soy Fatty Acids 56

13.6. Soy Methyl Esters 57

CHAPTER NO. 14 : SOY-BASED CHEMICALS MARKET – BY APPLICATION SEGMENT ANALYSIS 58

14.1. Soy-Based Chemicals Market Overview, by Application Segment 58

14.1.1. Soy-Based Chemicals Market Revenue Share, By Application, 2023 & 2032 59

14.1.2. Soy-Based Chemicals Market Attractiveness Analysis, By Application 60

14.1.3. Incremental Revenue Growth Opportunity, by Application, 2024 – 2032 60

14.1.4. Soy-Based Chemicals Market Revenue, By Application, 2018, 2023, 2027 & 2032 61

14.2. Industrial 62

14.3. Cosmetics & Personal Care 63

14.4. Food & Beverages 64

14.5. Pharmaceuticals 65

14.6. Agriculture 66

CHAPTER NO. 15 : SOY-BASED CHEMICALS MARKET – BY END-USE INDUSTRY SEGMENT ANALYSIS 67

15.1. Soy-Based Chemicals Market Overview, by End-Use Industry Segment 67

15.1.1. Soy-Based Chemicals Market Revenue Share, By End-Use Industry, 2023 & 2032 68

15.1.2. Soy-Based Chemicals Market Attractiveness Analysis, By End-Use Industry 69

15.1.3. Incremental Revenue Growth Opportunity, by End-Use Industry, 2024 – 2032 69

15.1.4. Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018, 2023, 2027 & 2032 70

15.2. Automotive 71

15.3. Construction 72

15.4. Packaging 73

15.5. Healthcare 74

15.6. Others 75

CHAPTER NO. 16 : SOY-BASED CHEMICALS MARKET – CANADA ANALYSIS 76

16.1. Type 76

16.1.1. Canada Soy-Based Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 76

16.2. Canada Soy-Based Chemicals Market Revenue, By Type, 2024 – 2032 (USD Million) 76

16.3. Application 77

16.3.1. Canada Soy-Based Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 77

16.3.2. Canada Soy-Based Chemicals Market Revenue, By Application, 2024 – 2032 (USD Million) 77

16.4. End-Use Industry 78

16.4.1. Canada Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 78

16.4.2. Canada Soy-Based Chemicals Market Revenue, By End-Use Industry, 2024 – 2032 (USD Million) 78

CHAPTER NO. 17 : COMPANY PROFILES 79

17.1. Archer Daniels Midland Company 79

17.1.1. Company Overview 79

17.1.2. Product Portfolio 79

17.1.3. Swot Analysis 79

17.1.4. Business Strategy 80

17.1.5. Financial Overview 80

17.2. Cargill, Incorporated 81

17.3. Renewable Lubricants, Inc. 81

17.4. Soy Technologies LLC 81

17.5. VertecBio™ 81

17.6. Elevance Renewable Sciences, Inc. 81

17.7. Dow Inc. 81

17.8. Calgene, Inc. 81

17.9. BioBased Technologies LLC 81

17.10. Green Plains Inc. 81

List of Figures

FIG NO. 1. Canada Soy-Based Chemicals Market Revenue, 2018 – 2032 (USD Million) 23

FIG NO. 2. Porter’s Five Forces Analysis for Canada Soy-Based Chemicals Market 30

FIG NO. 3. Canada Soy-Based Chemicals Market Import Volume/Revenue, By Canada, 2018 – 2023 32

FIG NO. 4. Canada Soy-Based Chemicals Market Export Volume/Revenue, By Canada, 2018 – 2023 33

FIG NO. 5. Canada Soy-Based Chemicals Market Demand Volume/Revenue, By Canada, 2018 – 2023 34

FIG NO. 6. Canada Soy-Based Chemicals Market Supply Volume/Revenue, By Canada, 2018 – 2023 35

FIG NO. 7. Canada Soy-Based Chemicals Market Production Volume/Revenue, By Canada, 2018 – 2023 36

FIG NO. 8. Canada Soy-Based Chemicals Market Price, By Type, 2018 – 2023 37

FIG NO. 9. Raw Materials Price Trend Analysis, 2018 – 2023 38

FIG NO. 10. Manufacturing Cost Analysis 39

FIG NO. 11. Manufacturing Process 39

FIG NO. 12. Value Chain Analysis for Canada Soy-Based Chemicals Market 40

FIG NO. 13. Company Share Analysis, 2023 41

FIG NO. 14. Company Share Analysis, 2023 42

FIG NO. 15. Company Share Analysis, 2023 42

FIG NO. 16. Company Share Analysis, 2023 43

FIG NO. 17. Soy-Based Chemicals Market – Company Volume Market Share, 2023 44

FIG NO. 18. Soy-Based Chemicals Market – Company Revenue Market Share, 2023 45

FIG NO. 19. Soy-Based Chemicals Market Revenue Share, By Type, 2023 & 2032 51

FIG NO. 20. Market Attractiveness Analysis, By Type 52

FIG NO. 21. Incremental Revenue Growth Opportunity by Type, 2024 – 2032 52

FIG NO. 22. Soy-Based Chemicals Market Revenue, By Type, 2018, 2023, 2027 & 2032 53

FIG NO. 23. Canada Soy-Based Chemicals Market for Soy Oil, Revenue (USD Million) 2018 – 2032 54

FIG NO. 24. Canada Soy-Based Chemicals Market for Soy Wax, Revenue (USD Million) 2018 – 2032 55

FIG NO. 25. Canada Soy-Based Chemicals Market for Soy-Based Polymers, Revenue (USD Million) 2018 – 2032 56

FIG NO. 26. Canada Soy-Based Chemicals Market for Soy Fatty Acids, Revenue (USD Million) 2018 – 2032 57

FIG NO. 27. Canada Soy-Based Chemicals Market for Soy Methyl Esters, Revenue (USD Million) 2018 – 2032 58

FIG NO. 28. Soy-Based Chemicals Market Revenue Share, By Application, 2023 & 2032 60

FIG NO. 29. Market Attractiveness Analysis, By Application 61

FIG NO. 30. Incremental Revenue Growth Opportunity by Application, 2024 – 2032 61

FIG NO. 31. Soy-Based Chemicals Market Revenue, By Application, 2018, 2023, 2027 & 2032 62

FIG NO. 32. Canada Soy-Based Chemicals Market for Industrial, Revenue (USD Million) 2018 – 2032 63

FIG NO. 33. Canada Soy-Based Chemicals Market for Cosmetics & Personal Care, Revenue (USD Million) 2018 – 2032 64

FIG NO. 34. Canada Soy-Based Chemicals Market for Food & Beverages, Revenue (USD Million) 2018 – 2032 65

FIG NO. 35. Canada Soy-Based Chemicals Market for Pharmaceuticals, Revenue (USD Million) 2018 – 2032 66

FIG NO. 36. Canada Soy-Based Chemicals Market for Agriculture, Revenue (USD Million) 2018 – 2032 67

FIG NO. 37. Soy-Based Chemicals Market Revenue Share, By End-Use Industry, 2023 & 2032 69

FIG NO. 38. Market Attractiveness Analysis, By End-Use Industry 70

FIG NO. 39. Incremental Revenue Growth Opportunity by End-Use Industry, 2024 – 2032 70

FIG NO. 40. Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018, 2023, 2027 & 2032 71

FIG NO. 41. Canada Soy-Based Chemicals Market for Automotive, Revenue (USD Million) 2018 – 2032 72

FIG NO. 42. Canada Soy-Based Chemicals Market for Construction, Revenue (USD Million) 2018 – 2032 73

FIG NO. 43. Canada Soy-Based Chemicals Market for Packaging, Revenue (USD Million) 2018 – 2032 74

FIG NO. 44. Canada Soy-Based Chemicals Market for Healthcare, Revenue (USD Million) 2018 – 2032 75

FIG NO. 45. Canada Soy-Based Chemicals Market for Others, Revenue (USD Million) 2018 – 2032 76

List of Tables

TABLE NO. 1. : Canada Soy-Based Chemicals Market: Snapshot 22

TABLE NO. 2. : Drivers for the Soy-Based Chemicals Market: Impact Analysis 26

TABLE NO. 3. : Restraints for the Soy-Based Chemicals Market: Impact Analysis 28

TABLE NO. 4. : Canada Soy-Based Chemicals Market Revenue, By Type, 2018 – 2023 37

TABLE NO. 5. : Key Raw Materials & Suppliers 38

TABLE NO. 6. : Canada Soy-Based Chemicals Market Revenue, By Type, 2018 – 2023 (USD Million) 77

TABLE NO. 7. : Canada Soy-Based Chemicals Market Revenue, By Type, 2024 – 2032 (USD Million) 77

TABLE NO. 8. : Canada Soy-Based Chemicals Market Revenue, By Application, 2018 – 2023 (USD Million) 78

TABLE NO. 9. : Canada Soy-Based Chemicals Market Revenue, By Application, 2024 – 2032 (USD Million) 78

TABLE NO. 10. : Canada Soy-Based Chemicals Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 79

TABLE NO. 11. : Canada Soy-Based Chemicals Market Revenue, By End-Use Industry, 2024 – 2032 (USD Million) 79

Frequently Asked Questions

What is the market size of the Canada Soy-Based Chemicals Market in 2023 and 2032, and what is the CAGR?

The Canada Soy-Based Chemicals Market was valued at USD 976.41 million in 2024 and is projected to reach USD 1,666.35 million by 2032, growing at a CAGR of 6.91% from 2025 to 2032.

What are the key drivers of the Canada Soy-Based Chemicals Market?

The market is driven by increasing demand for sustainable and bio-based alternatives, stringent environmental regulations, and advancements in soy chemical processing technologies.

What are the key players in the Canada Soy-Based Chemicals Market?

Key players in the market include Cargill Inc., Archer Daniels Midland Company, and Bunge Limited, who are leading the production and development of soy-based chemicals.

How is technological innovation influencing the Canada Soy-Based Chemicals Market?

Advancements in soy chemical processing technologies are improving the performance and cost-effectiveness of soy-based products, driving further adoption across various industries.

Purchase Options

Single User

$2699

Multi User

$3699

Custom Report

$5699

Let us help you

MIKE, North America

+1 304 308 1216

KEITH PHILLIPS, Europe

+44 7809 866 263

EMAIL US

Request Sample

Report delivery within 24 to 48 hours

– Other Info –

–What people say?-

I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

Jana Schmidt
CEDAR CX Technologies

– Connect with us –