Press release
Organic Soymeal Market Grow at CAGR 17.98% from 2019 to 2022: Size, Share, Trends, Industry Growth, Opportunity and Demand Analysis
Organic Soymeal Market
The Global Market for Organic Soymeal has witnessed continued demand during the last few years and is projected to reach USD 623.31 million at a CAGR of 17.98% by 2022. Due to the increasing demand of organic ingredients the market is growing at an incremental pace of development on the global stage. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on “Global Organic Soymeal Market Research Report- Forecast to 2022” that the Organic Soymeal market will demonstrate an exceptional CAGR.
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High demand for organic soymeal for human consumption based on its high nutritional properties is driving the global organic soymeal market. Increasing health awareness and beneficial properties of soymeal are expected to influence the organic Soymeal market, positively. One of the major applications of organic soymeal for production of natural and chemical free pet feed is also estimated to contribute to the positive growth of this market. In addition, diverse application of the product across various industries is anticipated to propel the growth of this market.
Latest Industry Updates
Apr 2017 Companies Algar Agro and Ibersan (part of CCPA group), both based in Uberlândia, MG, has signed a partnership to launch soybean bran with by-pass effect. It is FORTPASS, a product aimed at ruminant feed market. The company is focusing more to offer the market a product protected against protein degradation, whose formulation contain vegetable extracts and that leaves no residues in milk, dairy products or meat.
Organic Soymeal Market - Competitive Analysis
Due to complex certification process, the product launch in the organic soymeal market has been limited. Major companies are investing into R&D in the organic soymeal market to sustain competitive advantage. Efforts have been taken to develop the necessary infrastructure for continued growth in the market.
Key players are focused majorly on acquisition of small players to expand their business and penetrate the global organic Soymeal market. Expansion is also one of the key strategies followed by acquisition. Expansion will help in capturing the major market and increasing the production capacity to meet the rising demand from consumer’s end thereby further contributing to increasing revenue.
The leading market players in the global organic soymeal market primarily are Sapthsathi Organic Agriculture project (India), Soni Soya Products Pvt Ltd (India), AFG Brasil S/A (Brazil), Grain Millers Inc. (U.S.), Perdue Farms (U.S.), Tyson Foods Inc. (U.S.), Pilgrim's Pride (U.S.)
Organic Soymeal Market – Segments
The global organic soymeal market has been divided into application and region.
On The Basis Of Application: Human Food and Animal Feed
On The Basis Of Region: North America, Europe, Asia Pacific and ROW.
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Organic Soymeal Market - Regional Analysis
The global organic soymeal market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Among all the regions, Asia Pacific will dominate the organic soymeal market with more than 35% of the market share and it is projected to reach more than USD 200 million by 2022. Latin America will witness the highest growth rate (~18.25%) during the forecast period 2017-2022. Growing popularity of organic soymeal owing to their high protein value and consumption as protein supplement is supporting its market growth on the global level. Rising health awareness and increasing health concerns have been playing a key role in the organic soymeal growth from the last few years.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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