Soybean Meal Market Size Poised for Remarkable Growth, Forecasted to Reach USD 94.2 Billion by 2031

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.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐎𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/request-sample/5304

The soybean meal market size was valued at $59.2 billion in 2021, and is estimated to reach $94.2 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031. 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%.

𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

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. Limited
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.
Kemin Industries, Inc.

The main factor propelling the global soybean meal market is the rise in demand for food products with high protein content from the animal feed industry. In the years to come, prominent companies in the global market should benefit from soybean meal market opportunities to generate income due to the rising demand for soybean meal used to make protein supplements and feed for livestock.

𝐁𝐮𝐲 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/checkout-final/841d610125ec349e396d343199423c79

Based on sales channel, the offline segment accounted for the largest share in 2021, contributing to nearly three-fifths of the global soybean meal market, and is projected to maintain its lead position during the forecast period. Soybean meal sales conducted offline have several benefits, including the option to purchase and exchange things at retail locations swiftly. However, the online segment is expected to portray the largest CAGR of 5.3% from 2022 to 2031. The rise in offers or discounts and the increased accessibility of numerous online portals in developing countries encourage consumers to buy soybean meal products online.

According to soybean meal market analysis, in 2021, the conventional segment accounted for the highest soybean meal market share in the market. Products made from conventionally manufactured soybean meal are effective and long-lasting health-improving ingredients. An ordinary or typical soybean meal is the traditional approach advised by physicians to strengthen the body's immune system.

By application, the food industry segment is anticipated to grow at the highest growth rate during soybean meal market foreacst period. Due to its unique properties, such as its improved solubility in food items and resistance to meat products, soy meal is in great demand in the food business. The growing demand for vegetarian foods and confections in developed nations is one of the key forces behind the rise of soybean meal utilization in the food industry. This is one of the soybean meal market trends.

𝐈𝐟 𝐲𝐨𝐮 𝐡𝐚𝐯𝐞 𝐚𝐧𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬, 𝐏𝐥𝐞𝐚𝐬𝐞 𝐟𝐞𝐞𝐥 𝐟𝐫𝐞𝐞 𝐭𝐨 𝐜𝐨𝐧𝐭𝐚𝐜𝐭 𝐨𝐮𝐫 𝐚𝐧𝐚𝐥𝐲𝐬𝐭 𝐚𝐭: https://www.alliedmarketresearch.com/connect-to-analyst/5304

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

Asia-Pacific to maintain its dominance by 2031

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2021, accounting for more than one-third of the global soybean meal market, and is likely to dominate the market during the forecast period, owing to demand for soybean meal in India is expanding quickly, which has increased the need for protein and continues to drive soy protein consumption. However, Europe is expected to witness the fastest CAGR of 5.5% from 2022 to 2031. Owing to an increase in daily intake of plant-based products, particularly plant protein, because of the veganism trend.

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.

𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 @: https://www.alliedmarketresearch.com/purchase-enquiry/5304

Based on application, the animal feed industry segment held the highest market share in 2021, accounting for more than two-fifths of the global soybean meal market, and is projected to maintain its lead position during the forecast period. The manufacturing and trading of animal feed on the global market entails a substantial profit margin for both parties due to the large profit margin and eco-friendliness of animal feed farming. However, the food industry segment is projected to manifest the highest CAGR of 5.3% from 2022 to 2031. This is due to Soybean meal is in high demand in the food industry due to its distinctive qualities, such as its increased solubility in food products and resistance to meat products.

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐦𝐨𝐫𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐛𝐲 𝐀𝐌𝐑 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Soy Protein Isolate Market - https://www.alliedmarketresearch.com/soy-protein-isolate-market-A17386

Instant Dry Yeast Market - https://alliedmarketresearch.com/instant-dry-yeast-market-A13175

Textured Soy Protein Market - https://www.alliedmarketresearch.com/textured-soy-protein-market

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