Glycine Soja (Soybean) Seed Extract Market

Glycine Soja (Soybean) Seed Extract Market Outlook from 2023 to 2033

According to estimates, the glycine soja (soybean) seed extract market is estimated to be valued at USD 2,253.30 million in 2023. The market is expected to reach USD 4,269.60 million by 2033, developing at a CAGR of 6.60%.

Attributes	Key Insights
Glycine Soja (Soybean) Seed Extract Market Estimated Size in 2023	USD 2,253.30 million
Projected Market Value in 2033	USD 4,269.90 million
Value-based CAGR from 2023 to 2033	6.60%

Glycine Soja (Soybean) Seed Extract Market Trend Analysis

• Anti-ageing skin care products are gaining popularity among consumers day by day owing to increasing awareness about personal grooming as well as the fear of looking old.
• Glycine soja (soybean) seed extract is used in skincare and anti-aging creams, which enables the creams to get the property of anti-aging.

2018 to 2022 Historical Analysis vs. 2023 to 2033 Market Forecast Projections

Glycine soja (soybean) seed extract is a powerful antioxidant and anti-inflammatory agent for the skin. Glycine soja (soybean) seed extract has vitamin E, allowing it to protect the skin from free radial damage and reduce the effects associated with the aging process, such as wrinkles and fine lines.

Consumers mainly females are very much concerned about their looks when it comes to fine lines and wrinkles on their skin and face, which is one of the driving factor of demand of this ingredient in cosmetic and skin care products. Glycine soja (soybean) seed extract can also reduce cellular damage caused by ultraviolet rays of the sun.

Glycine soja (soybean) seed extract is rich in many natural chemical components which is used as an ingredient for skin care products, one of which is known as Genistein. Genistein promotes a more youthful appearance. Anti-ageing products by men and women are in demand, and ingredients extracted from soybeans have been very much popular for anti-aging product manufacturing in last decade.

Glycine soja (soybean) seed extract demand is predicted to increase at a CAGR of 6.60% from 2023 to 2033, with the global market expected to reach a valuation of USD 4,269.60 million by 2033.

Market Value 2022	USD 2,111.80 million
Market Value in 2033	USD 4,269.60 million

Glycine soja (soybean) seed extract is a powerful antioxidant and anti-inflammatory agent for the skin. Glycine soja (soybean) seed extract has vitamin E, allowing it to protect the skin from free radial damage and reduce the effects associated with the aging process, such as wrinkles and fine lines.

Consumers mainly females are very much concerned about their looks when it comes to fine lines and wrinkles on their skin and face, which is one of the driving factor of demand of this ingredient in cosmetic and skin care products. Glycine soja (soybean) seed extract can also reduce cellular damage caused by ultraviolet rays of the sun.

Glycine soja (soybean) seed extract is rich in many natural chemical components which is used as an ingredient for skin care products, one of which is known as Genistein. Genistein promotes a more youthful appearance. Anti-ageing products by men and women are in demand, and ingredients extracted from soybeans have been very much popular for anti-aging product manufacturing in last decade.

Glycine soja (soybean) seed extract demand is predicted to increase at a CAGR of 6.60% from 2023 to 2033, with the global market expected to reach a valuation of USD 4,269.60 million by 2033.

Market Value 2022	USD 2,111.80 million
Market Value in 2033	USD 4,269.60 million

Glycine Soja (Soybean) Seed Extract Market Growth Drivers

• With a growing preference for natural and plant-based ingredients in various industries such as cosmetics, skincare, and pharmaceuticals, Glycine Soja Seed Extract, derived from soybeans, has gained popularity due to its perceived natural and beneficial properties.
• Increased consumer awareness about the potential benefits of soybeans boost the market during the forecast period.
• As health consciousness increases globally, consumers seek products that offer these advantages, driving the demand for soybean seed extract in supplements and functional foods.
• Increasing application in various skincare products for its potential to improve skin texture, reduce signs of aging, and address skin issues, appealing to consumers looking for natural skincare solutions, dive market growth.
• Advancements in extraction technologies have enabled the development of more refined and potent soybean extracts, enhancing their efficacy and expanding their applications across different industries, boosting market sales.
• Soybeans and their extracts are integral components in the food and beverage industry, used in products like soy milk, tofu, and other soy-based alternatives.
• The growing demand for plant-based protein sources and alternatives to dairy products drives demand for soybean-based products and extracts.

Glycine Soja (Soybean) Seed Extract Market Restraints

• Soy allergies are prevalent among specific individuals, limiting the use of soy-derived products, including Glycine soja seed extract, in various formulations. This restriction in the potential consumer base affects the market reach of soy-based extract products.
• The growing competition from alternative natural ingredients that offer similar properties or benefits impacts market growth.
• Other plant-based extracts or synthetic alternatives might pose a challenge in terms of efficacy, cost, or consumer preference, impacting the market share of soybean seed extract.
• The fluctuations in weather conditions and market demand, affect the cost and availability of soy-based extracts, impacting the profitability and stability of businesses reliant on these extracts.
• Regulatory complexities and variations in regulations across different regions can pose hurdles for companies operating in multiple markets.
• Compliance with diverse regulations regarding safety, labeling, and claims related to soybean seed extract products can be challenging and add to the operational costs.

Country-wise Analysis

Countries	Forecast CAGRs from 2023 to 2033
Germany	6.90%
India	7.70%
The United States	6.40%
China	7.30%

Growing Demand for Natural and Organic Cosmetic Products to Favor Market Growth in United States

The United States has a significant market for soy-based products in various industries, including cosmetics, skincare, and food. It is a leading consumer of natural and organic products, contributing to the demand for soybean seed extract in personal care items and supplements. The United States glycine soja seed extract market is anticipated to witness a CAGR of 6.40% by the end of 2033.

Strong focus on natural and organic products, driving the demand for soybean seed extract in cosmetics, skincare, and health supplements in the United States. Consumer awareness about the benefits of natural ingredients supports market growth. The food industry also utilizes soy extensively in various products.

Growing Consumer Awareness of Soybean Extract Benefits Drives the Market Demand.

As a significant producer and consumer of soybeans, the market for soy-based extracts in China is substantial. Glycine soja (soybean) seed extract is utilized extensively in skincare and cosmetic products due to traditional beliefs in its beneficial properties. Soy-based foods have a strong presence in Chinese cuisine. The China glycine soja seed extract market is anticipated to witness a CAGR of 7.30% by the end of 2033.

China has a substantial market for soy-based products and extracts. The skincare and cosmetics industries, particularly, are witnessing significant growth in demand for soybean seed extract due to its perceived benefits.

Increasing Demand for Beauty Care Products Driving the Market Growth in Germany

Germany and other European countries have a robust natural and organic skincare product market. Due to its perceived benefits, soybean seed extract is utilized in various skincare formulations. By the end of 2023, the Glycine soja seed extract market is anticipated to account for a CAGR of 6.90%.

Increasing demand for natural and organic cosmetics and skincare, contributing to the demand for soybean seed extract. Soy-based foods are well-established in this region, boosting the market demand.

Increasing Awareness about the Natural and Organic Ingredients in Beauty and Personal Care Products Boost Market Growth in India

The market for glycine soja (soybean) seed extract is growing in India owing to the increasing demand for skincare and cosmetics products. The shift towards natural and Ayurvedic-based products has increased interest in ingredients like soybean extract.

Growing demand for natural ingredients in food and beverage products drives the demand for glycine soja (Soybean) seed extract in these regions. The market in India is expected to rise at a CAGR of 7.70% by 2033.

Category-wise Analysis

According to market forecasts, the skincare segment will dominate until 2033, with a market share of 22.20%. The organic segment is expected to have a share of 42.20%.

Category	Market share
Organic	42.20%
Skincare	22.20%

Demand for Organic Glycine Soja (Soybean) Seed Extract to Remain High in the Global Market

The organic segment will continue to dominate the global glycine soja (soybean) seed extract market, accounting for a share of 42.20% in 2023. The growing consumer preference for organic skincare products due to concerns about potential exposure to harmful chemicals. Organic glycine soja (soybean) seed extract aligns with this trend, offering a natural alternative that's free from synthetic pesticides, and fertilizers, driving the growth of the segment.

Organic soybean seed extract is perceived as a safer option, minimizing the risk of skin irritation or adverse reactions often associated with synthetic additives. The production of organic glycine soja (soybean) seed extract often involves environmentally friendly farming practices that prioritize soil health, biodiversity, and water conservation. This sustainability aspect resonates with consumers concerned about environmental impact. Owing to all these factor demand for the organic segment is high.

Skincare Segment Creating Maximum Growth Opportunities for Manufacturers

Soybean seed extract is rich in fatty acids, particularly linoleic acid, which helps in maintaining the skin moisture barrier. This makes it effective for hydrating and nourishing the skin, making it a sought-after ingredient in moisturizers and emollients.

Components like genistein found in soybean extract can help stimulate collagen production and improve skin elasticity, reducing the appearance of fine lines and wrinkles. This anti-aging effect has contributed to its inclusion in anti-aging skincare formulations. The skincare application segment accounted for the highest share of 22.20% in 2023.

Glycine Soja (Soybean) Seed Extract Market: Key Players

Some of the major players in the glycine soja (soybean) seed extract market Global Essence, Grau Aromatics, Symrise, Bellatorra Skin Care LLC, Natural Solution, The Organic Pharmacy Ltd., and Lucas Meyer Cosmetics, among others. These key market players are estimated to enhance Glycine Soja (Soybean) Seed Extract market growth with innovative product formulations and its launches.

Due to the presence of such a high number of participants, the market is highly competitive. While global players such as Wanrun Bio-Technology Co. Ltd. Botaniex Biotech Inc. account for a considerable market size, several regional-level players also operate across key growth regions.

• Symrise, a global supplier of fragrances, flavorings, cosmetic ingredients, and raw materials, has been involved in creating innovative solutions using plant extracts, including soybean extract. They have focused on leveraging the properties of soybeans in skincare, cosmetics, and personal care products.
• Estée Lauder has incorporated soybean seed extract into various skincare lines. They have utilized it for its potential to even out skin tone, reduce the appearance of dark spots, and provide antioxidant protection.
• L'Oréal has been active in using soybean seed extract in several of its skincare and cosmetic products. They have emphasized its moisturizing properties and its ability to improve skin texture and radiance.

Report Scope

Attributes	Details
Estimated Market Size in 2023	USD 2,253.30 million
Projected Market Valuation in 2033	USD 4,269.60 million
Value-based CAGR 2023 to 2033	6.60%
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	Value in USD million
Key Regions Covered	North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa
Key Market Segments Covered	Application, Form, Source, End-Use Industry, Region
Key Countries Profiled	The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel
Key Companies Profiled	Grau Aromatics; Symrise; Bellatorra Skin Care LLC; Natural Solution; The Organic Pharmacy Ltd; Lucas Meyer Cosmetics; JF Natural; Durae Corporation; Carrubba; Others

Market Segmentation

By Application:

• Skin Care
• Hair Care
• Makeup
• Bath and Body Care
• Food
• Medicines

By Form:

• Liquid
• Semi-liquid

By Source:

• Natural
• Synthetic

By End Use Industry:

• Cosmetic and Personal Care Industry
• Pharmaceutical Industry
• Food and Beverage Industry
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• The Middle East and Africa

Frequently Asked Questions

What was the market value for the glycine soja (soybean) seed extract market in 2023?

As of 2023, the glycine soja (soybean) seed extract market is expected to be valued at USD 2,253.30 million, as per FMI.

According to FMI, what is the anticipated market value for glycine soja (soybean) seed extract in 2033?

By 2033, the market value of glycine soja (soybean) seed extract is expected to reach USD 4,269.60 million.

What is the projected forecast CAGR for the glycine soja (soybean) seed extract market from 2023 to 2033?

From 2023 to 2033, glycine soja (soybean) seed extract sales are expected to flourish at a CAGR of 6.60%

Which segment dominates the glycine soja (soybean) seed extract market?

The skin care segment will account for a market share of 22.20% in 2023.

Which country is likely to be at the pinnacle of the market?

The United States is likely the top-performing market in glycine soja (soybean) seed extrac industry.