Soybean Meal Market: Projected to Reach USD 157.06 Billion by 2030 with a 4.1% Growth Rate

𝐒𝐨𝐲𝐛𝐞𝐚𝐧 𝐌𝐞𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

The global Soybean Meal Market was valued at approximately USD 118.55 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 4.1% from 2024 to 2030. This growth trajectory is expected to elevate the market size to nearly USD 157.06 billion by the end of the forecast period. Soybean meal, a byproduct of soybean oil extraction, is rich in protein, containing 47-49% protein and over 3% crude fiber. These nutritional attributes make soybean meal a valuable ingredient in both human and animal food products.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐚𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐝𝐞𝐭𝐚𝐢𝐥𝐬 𝐛𝐲 𝐜𝐥𝐢𝐜𝐤𝐢𝐧𝐠 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝: https://www.maximizemarketresearch.com/request-sample/107035/

𝐊𝐞𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐓𝐫𝐞𝐧𝐝𝐬

Soybean meal's high protein content makes it a key ingredient in various food products and beverages. It is predominantly used in the animal husbandry sector, with over 65% of animal feed products incorporating soybean meal. This extensive use underscores its importance as a safe and globally recognized food ingredient, certified by international health regulatory bodies.

The increasing demand for nutrient-rich food for both humans and animals, driven by rising global populations and health consciousness, has propelled the growth of the soybean meal market. Its applications span across the Food & Beverages and Nutraceutical sectors, where soybean meal is used to produce a range of health-oriented products.

𝐒𝐨𝐲𝐛𝐞𝐚𝐧 𝐌𝐞𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬

The soybean meal market's growth is fundamentally driven by its role in enhancing the nutritional value of animal diets. It is a critical component of feed for dairy cattle, poultry, and other livestock, aiding in milk production and weight gain. The demand for proteins in animal feed is rising, and soybean meal is a preferred source due to its rich amino acid profile.

In developing nations, such as India, soybean meal is considered a cost-effective protein source for livestock, reinforcing its significance in animal feed. Additionally, as the animal farming industry expands and the focus on reducing livestock emissions intensifies, innovations such as Bovaer-a feed additive that reduces cattle methane emissions-are likely to drive further demand for sustainable protein sources.

𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐚𝐧𝐝 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐒𝐭𝐚𝐧𝐝𝐚𝐫𝐝𝐬

Animal proteins are gaining recognition for their health benefits and sustainability. Governments are implementing favorable regulations to advance the use of animal-based proteins while addressing issues related to food waste. For example, the European Union's anticipated lifting of restrictions on animal-remain-based feed is set to improve the efficiency of protein use in poultry farming.

The growing emphasis on protein consumption, especially in the context of post-COVID-19 recovery, is expected to boost the soybean meal market. Healthcare recommendations for increased protein intake are aligning with a broader interest in alternative and clean protein sources, which will likely drive further market growth.

𝐈𝐦𝐩𝐚𝐜𝐭 𝐨𝐟 𝐂𝐎𝐕𝐈𝐃-19

The COVID-19 pandemic has impacted the soybean meal market by causing localized shortages and driving up the cost of animal products. For instance, the price of beef in the U.S. increased by 5% from January 2020. In response, the U.S. government allocated significant funds to support poultry and cattle producers, highlighting the market's resilience and adaptation.

𝐒𝐨𝐲𝐛𝐞𝐚𝐧 𝐌𝐞𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐛𝐲 𝐒𝐨𝐮𝐫𝐜𝐞

• Organic
• Conventional

𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

• Food Products
• Beverages
• Healthcare Products
• Dietary Supplements
• Animal Feed
• Others

By Application: Soybean meal is utilized in various forms, including soy flour for soy milk and vegetable proteins. Approximately 40% of soybean meal is dedicated to animal feed, serving poultry, swine, beef cattle, dairy cattle, and pets. The Nutraceutical Industry also increasingly incorporates soybean meal into non-dairy and nutrient-rich beverages.

𝐛𝐲 𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥

• Supermarket
• Convenience Store
• Specialty Store
• E-Commerce
• Others

By Distribution Channels: Specialty stores account for 30% of soybean meal sales, with a notable 3.1% increase in sales through supermarkets and convenience stores in the U.S. and Europe. E-commerce platforms have seen a 9% increase in transactions due to the growing trend of online shopping.

𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 𝐟𝐨𝐫 𝐘𝐨𝐮𝐫 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 + 𝐑𝐞𝐩𝐨𝐫𝐭 𝐆𝐫𝐚𝐩𝐡𝐬: https://www.maximizemarketresearch.com/request-sample/107035/

𝐒𝐨𝐲𝐛𝐞𝐚𝐧 𝐌𝐞𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬

Asia-Pacific leads in soybean meal production, with China and India contributing over 30% of global output. The region's increasing population and preference for nutrient-rich foods have driven a 2.1% rise in soybean meal consumption. North America, known for its health-conscious consumers, has experienced a 3% increase in soybean meal use within the Nutraceuticals sector.

Brazil, a major producer and exporter of soybean meal, continues to see growth in its soybean acreage. Despite challenges such as Argentina's economic issues, Brazil's robust production and export activities remain vital to global supply chains.

In Europe, despite increased soybean cultivation, local production meets only about 7% of the demand for stock feed, with the remainder being imported, primarily from Brazil and Argentina. Europe's potential to expand soybean cultivation offers opportunities for meeting future demands.

𝐒𝐨𝐲𝐛𝐞𝐚𝐧 𝐌𝐞𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

Key Players of the Soybean Meal Market profiled in the report include

• Cargill, Inc.(US)
• Bonne Vie Soybean Meal(US)
• IDES Corporate(US)
• Minnesota Soybean Processors(US)
• Agrocorp International(Singapore)
• Wudi Deda Agriculture Co., Ltd.(Saudi Arabia)
• MJI Universal Pvt. Ltd.(Singapore)
• Agro Ind Group(Romania)
• Granol Industria(Switzerland)
• Denofa(Norway)
• Gimatex Industries Pvt. Ltd.(India)
• Eco Export(India)
• Gauri Agrotech Products Pvt. Ltd.(India)
• Vippy Industries Ltd.(India)
• Ajanta Soya Limited.(India)
• Titan Biotech(India)
•Mukwano Group(Uganda)
• Nordic Soya(Finland)
• Shafer Commodities Inc.(Canada)

𝐓𝐨 𝐂𝐨𝐧𝐝𝐮𝐜𝐭 𝐅𝐮𝐫𝐭𝐡𝐞𝐫 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞: https://www.maximizemarketresearch.com/market-report/global-soybean-meal-market/107035/

𝐓𝐚𝐛𝐥𝐞 𝐨𝐟 𝐂𝐨𝐧𝐭𝐞𝐧𝐭:

𝐓𝐡𝐞 𝐁𝐢𝐠 𝐏𝐢𝐜𝐭𝐮𝐫𝐞: Market size, overview, and key points.
𝐎𝐮𝐫 𝐅𝐨𝐜𝐮𝐬: Specific areas, timeframe, and scope we'll explore.
𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬: Who are the big businesses and up-and-comers?
𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞: How much money is flowing in this market?
𝐌𝐚𝐫𝐤𝐞𝐭 𝐁𝐫𝐞𝐚𝐤𝐝𝐨𝐰𝐧: Different types of products/services and their segments.
𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐂𝐡𝐞𝐜𝐤: How easy (or tough) is it to compete in this market?
𝐖𝐡𝐨'𝐬 𝐁𝐮𝐲𝐢𝐧𝐠?: Understanding the customer base and their needs.
𝐆𝐥𝐨𝐛𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭: How does this market differ around the world?
𝐃𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐓𝐢𝐦𝐞: Making informed choices in this market.
𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐡𝐢𝐟𝐭𝐬: What's driving changes in the market?
𝐅𝐮𝐭𝐮𝐫𝐞 𝐋𝐨𝐨𝐤: Emerging trends that will shape the market.
𝐓𝐡𝐞 𝐒𝐞𝐥𝐥𝐞𝐫𝐬: Who are the major companies selling in this market?
𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: Strengths and weaknesses of the key players.

𝐊𝐞𝐲 𝐪𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐨𝐲𝐛𝐞𝐚𝐧 𝐌𝐞𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞:

What is Soybean Meal?
What is the growth rate of the Soybean Meal Market?
Which are the factors expected to drive the Soybean Meal market growth?
What are the different segments of the Soybean Meal Market?
What are the factors restraining the growth of the Soybean Meal Market?
What is the demand pattern of the Soybean Meal Market?
What major challenges could the Soybean Meal Market face in the future?

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𝐎𝐮𝐫 𝐀𝐝𝐝𝐫𝐞𝐬𝐬:

𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐯𝐭. 𝐋𝐭𝐝.
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