Press release
Soybean Meal Market Is Prospering at USD 94.2 Billion and Is Expected to Reach at a CAGR Of 4.9% by 2031
Soybean Meal Market
๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐ง๐ต๐ฒ ๐ ๐ซ๐๐ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฃ๐๐ ๐ข๐ณ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.alliedmarketresearch.com/request-sample/5304
A substantial portion of the soybean meal industry is dedicated to meeting the protein needs of humans, but expanding attention to the quality of animal food products is opening up new market prospects for animal feed. Producers in the aquaculture industry are moving forward with significant investments in the soybean meal ingredient since they are recognized as the leading industry in agriculture. Additionally, the reliance on readily available fishmeal in nature decreases due to the use of soybean meal concentrate in ground feeds, and yield has been maximized in monocultures.
๐๐ซ๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
The major key players profiled in the soybean meal market include Mahesh Agro Food Industries, Louis Dreyfus Company B.V., Bunge Limited, Mamta Hygiene Products Pvt. Ltd., Nordic Soya Ltd., Mukwano Industries Uganda Ltd., Gujarat Ambuja Exports Limited, AdamPolSoya, Wudi Deda Agriculture Co. Ltd., Agrocorp International Pte Ltd, Shafer Commodities Inc., Denofa AS, Kohinoor Feeds and Fats Ltd., Minnesota Soybean Processors, Granol Indstria Comrcio e Exportao S/A, DHN International, Gauri Agrotech Products Pvt. Ltd., The Scoular Company, CHS Inc., and Kemin Industries, Inc.
๐๐ฎ๐ฒ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ (250 ๐๐๐ ๐๐ฌ ๐๐๐ ๐ฐ๐ข๐ญ๐ก ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ, ๐๐ก๐๐ซ๐ญ๐ฌ, ๐๐๐๐ฅ๐๐ฌ, ๐๐ง๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ): https://www.alliedmarketresearch.com/checkout-final/31520fda03e9ec94dd94680b2b21911d
The conventional segment to maintain its leadership status throughout the forecast period
Based on nature, the conventional segment held the highest market share in 2021, accounting for more than two-thirds of the global soybean meal market, and is estimated to maintain its leadership status throughout the forecast period. The proportion of proteins and vitamins in conventionally produced soybean meals is sufficient for children, adults, and animal feed.
In addition, traditionally produced soybean meal products are effective health-improving elements, also these products have long-lasting effects. However, the organic segment is projected to manifest the highest CAGR of 5.3% from 2022 to 2031 due to growing concerns regarding the environment, sustainability, and healthy food.
๐๐๐ ๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐
-> By nature, the conventional segment was the highest revenue contributor to the soybean meal market, with $41,656.7 million in 2021, and is estimated to reach $65,165.0 million by 2031, with a CAGR of 4.7%.
-> Depending on application, the animal feed industry segment was the highest revenue contributor to the market, with $27,435.0 million in 2021, and is estimated to reach $43,196.8 million by 2031, with a CAGR of 4.8%.
-> As per sales channel, the offline segment was the highest revenue contributor to the market, with $32,834.2 million in 2021, and is estimated to reach $51,461.3 million by 2031, with a CAGR of 4.8%.
-> Region wise, Asia-Pacific was the highest revenue contributor, accounting for $22,676.1 million in 2021, and is estimated to reach $35,306.3 million by 2031, with a CAGR of 4.7%.
๐ฆ๐ฝ๐ฒ๐ฎ๐ธ ๐ง๐ผ ๐๐ป๐ฎ๐น๐๐๐: https://www.alliedmarketresearch.com/connect-to-analyst/5304
Based on sales channel, the offline contributed the maximum share in the soybean meal industry in 2021. Offline sales of soybean meal provide a number of advantages, such as the ability to easily buy and exchange products at retail establishments. Customers can also visit these stores to choose from a wide variety of soybean meals with the assistance of extremely educated salespeople who can help them choose the right item based on their needs.
In 2021, based on region, Asia-Pacific is the leading segment in the soybean meal market forecast. Since Asia-Pacific is an excellent location for acquiring raw materials and supplying protein byproducts, prominent companies are preparing to relocate there. This is especially true for supplement manufacturing given the region's high soy output.
๐๐๐ฅ๐๐ญ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ:
Dietary Fibers Market - https://alliedmarketresearch.com/dietary-fibers-market
Organic Snacks Market - https://www.alliedmarketresearch.com/organic-snacks-market
Organic Dairy Food and Drinks Market - https://www.alliedmarketresearch.com/organic-dairy-food-and-drinks-market
Roasted Corn Market - https://www.alliedmarketresearch.com/roasted-corn-market-A11053
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