The latest report titled “Soybean manufacturing” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the manufacturing process of Soybean.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, manufacturing cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry, including Soybean manufacturing process, that might influence Soybean manufacturing cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Product Definition:
Soybean (Glycine max), or soja bean/soya bean, is a sort of edible bean derived from an erect branching plant belonging to the legume family native to East Asia. The bean is one of the most economical beans as it provides millions with vegetable protein. In the market, it is available in various forms, such as fresh, frozen, canned, and dried. It has a very high protein content and is not that expensive. Besides protein, it is also a great source of fibre, omega-3 fatty acids, antioxidants, phytoestrogens, molybdenum, vitamin K1, vitamin B9, copper, manganese, phosphorus, thiamine, isoflavones, phytic acid (phytate), and saponins. It has a low saturated fat content and is lactose and cholesterol free.
Market Drivers:
Soybean is globally consumed as a staple food product providing millions with vegetable protein which is boosting the market demand. It is also available in the form of tofu, curd, soy milk, and cottage cheese; it can be used to make miso, soy sauce, tempeh, and fermented bean paste. Furthermore, Soybean oil can be turned into shortening, margarine, and vegetarian/vegan cheeses, which is boosting the market demand. It is also used to make soybean meal which substitutes meat in many food products due to it being a rich source of protein in baby foods and vegetarian foods. Apart from human consumption, it is also used as an animal feed, as a key ingredient to make products such as adhesives, paints, fertilizers, linoleum backing, sizing for cloth, and fire-extinguisher fluids etc., boosting the market demand.
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Some of the common requests we receive from our clients include:
- Adapting the report to the country/region where you intend to establish your plant.
- Adjusting the manufacturing capacity of the plant according to your needs.
- Customizing machinery suppliers and costs to meet your requirements.
- Providing additional information to the existing scope based on your needs.
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Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertakes extensive research to provide our customers with the latest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele.
Procurement Resource work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. As a team of experts, we also track the prices and manufacturing costs of an extensive range of goods and commodities, thus, providing you with updated and reliable data.
We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate so that they can form strategies that ensure their optimum growth.
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