Press release
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.๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ : 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%.
๐๐จ๐ฉ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
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.
๐๐ฎ๐ฒ ๐๐จ๐ฐ: 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.
๐๐ ๐ฒ๐จ๐ฎ ๐ก๐๐ฏ๐ ๐๐ง๐ฒ ๐ช๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง๐ฌ, ๐๐ฅ๐๐๐ฌ๐ ๐๐๐๐ฅ ๐๐ซ๐๐ ๐ญ๐จ ๐๐จ๐ง๐ญ๐๐๐ญ ๐จ๐ฎ๐ซ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐ญ: https://www.alliedmarketresearch.com/connect-to-analyst/5304
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
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.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ @: 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.
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐๐ฒ ๐๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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
๐๐จ๐ง๐ญ๐๐๐ญ:
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Soybean Meal Market Size Poised for Remarkable Growth, Forecasted to Reach USD 94.2 Billion by 2031 here
News-ID: 3217289 • Views: โฆ
More Releases from Allied Market Research

Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices.
Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529
What Are Urinary Drainage Bags?
Urinary drainage bags are specialized medical devices designed to collectโฆ

Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growthโฆ

Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil โฆ
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strictโฆ

Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of โฆ
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise inโฆ
More Releases for Soy
Soy Food Products Market Players Gaining Attractive Investments| Northern Soy, N โฆ
Advance Market Analytics published a new research publication on "Soy Food Products Market Insights, to 2032" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Soy Food Products market was mainly driven by the increasing R&D spending across the world. Some of the keyโฆ
Soy Protein Ingredients Market by Type (Soy Protein Concentrates, Soy Protein Is โฆ
The global soy protein ingredients market is estimated to be valued at USD 7.7 billion in 2022. It is projected to reach USD 10.8 billion by 2027, recording a CAGR of 7.0% during the forecast period.
Soy protein ingredients are produced by processing soymeal to obtain ingredients with higher protein concentrations, which can be used as a protein source in a range of food and animal feed applications. The demandโฆ
Soy Food Products Market to See Huge Growth by 2027 |ADM,Cargill,DuPont,Northern โฆ
Worldwide Market Reports is one of the leading organizations, specializing in conducting high-end research by understanding the market strategies, key players, major trends, and several other aspects of the industry. The recently developed report on "Global Soy Food Products Market Outlook 2020-2027" focuses on business developments, collaborative strategies, and answers all questions related to the key affiliations.
Market Overview -
The Soy Food Products market report provides a detailed analysis of globalโฆ
Global Soy Sauce Market 2018 - Bluegrass Soy Sauce, Okonomi, Maggi
Accord Market, recently published a detailed market research study focused on the โSoy Sauce Marketโ across the global, regional and country level. The report provides 360ยฐ analysis of โSoy Sauce Marketโ from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Soy Sauce on theโฆ
2017-2022 Soy Milk Report on Global and United States Market - Silk, West Soy
This report studies the Soy Milk market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and splits the Soy Milk market by product type and applications/end industries.
The global Soy Milk market is valued at XX million USD in 2016 and is expected to reach XX million USD byโฆ
Soy & Milk Protein Ingredients Market Driven by Numerous Health Benefits of Soy โฆ
Global Soy and Milk Protein Ingredients Market: Brief Account
The worldwide soy and milk protein ingredients market is envisaged to invite radical growth prospects on the back of the snowballing awareness about several health benefits. Apart from an estimated 38.0% protein content, soy contains all the nine essential amino acids in just the right proportion that is ideal for human health. Vendors could look to extend their presence in theโฆ