Key Driver Reshaping the Soybean Meal Market in 2025: Rising Global Demand For Protein-Rich Animal Feed Fuels Soybean Market Growth

What Are the Projections for the Size and Growth Rate of the Soybean Meal Market?
The size of the soybean meal market has seen considerable growth in the past few years. It is projected to increase from $100.36 billion in 2024 to $107.04 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.7%. Factors that spearheaded this growth during the historic period include the escalation in livestock production, biofuel production surge, an upsurge in dairy production, expansion of soybean farming, and the rise in agricultural investments.

Expectations are high for significant growth in the soybean meal market in the coming years. The market is predicted to expand to $136.5 billion by 2029, with a compound annual growth rate (CAGR) of 6.3%. This growth within the forecast period is anticipated to come from factors such as a rising global population, increased worldwide demand for protein-heavy animal feed, a surge in efficient and environmentally friendly livestock farming practices, as well as a growing demand globally for animal feed and escalated meat consumption. The forecast period is also set to witness major shifts, such as technological progress, inclination towards plant-based meals, organic agricultural practices, the emergence of digital technologies, and the development of feed management systems.

What Are the Main Catalysts for Growth in the Soybean Meal Market?
Rising consumer demand for animal feed rich in protein is anticipated to fuel the expansion of the soybean market. Animal feed with high protein content ensures growth, reproduction, and overall livestock and poultry wellness. The soaring global population, escalating meat intake and the necessity for effective livestock manufacturing all contribute to the increasing demand for these protein-rich feeds. Soybean meal plays a significantly essential role due to its high-quality, budget-friendly protein source and vital amino acids required for the growth, development, and health of livestock and poultry. For example, per the Foreign Agricultural Service, a foreign affairs agency based in the U.S., the exports of soybean meal attained a record-breaking figure of around 13.2 million metric tons in the marketing year 2022/2023 (October-September), nearly touching the $7 billion mark in value. In the marketing year 2023/2024, it is projected that the exports of U.S. soybean meal will break another record, escalating to 13.9 million metric tons. Consequently, the mounting global demand for animal feed loaded with protein significantly influences the soybean market's expansion.

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Which Businesses Are at the Forefront of Soybean Meal Market Development?
Major companies operating in the soybean meal market are Cargill Incorporated, Archer Daniels Midland Company, Mitsui & Co Ltd., Wilmar International Limited, Marubeni Corporation, Bunge Limited, Viterra, CHS Inc., Louis Dreyfus Company, Granol Industria, Ajinomoto Co Inc., Ingredion Incorporated, Denofa, COFCO Corporation, Ajanta Soya Limited, Vippy Industries Limited, Shandong Heduoduo Biotechnology Co Ltd., Riceland Foods Inc., Minnesota Soybean Processors, Titan Biotech Limited, Nordic Soya, Yihai Kerry Investments Co Ltd., Eco Export, Gauri Agrotech Products Private Limited

What Are the Emerging Trends in the Soybean Meal Industry?
Leading corporations in the soybean meal market are prioritizing the development of novel offerings, including traceable soy items, designed to enhance sustainability and bolster the efficiency of the soybean distribution network from inception to endpoint. A traceable soy entity is a soybean-derived good whose roots and distribution journey can be confirmed and traced from creation to ultimate consumption. For instance, Archer-Daniels-Midland Company, an American food processing and commodities trading conglomerate, in July 2024, introduced fully traceable soybean meal and oil into the market. This movement falls under ADM's resource agenda, which has registered more than 5,300 North American cultivators to guarantee sustainable procurement of soybeans and facilitate traceability across the entire chain of supply. The plan utilizes advanced technology, such as the FBN Gradable digital platform, coupled with ADM's origination and transportation facilities, for the verification, tracing, and segregation of soybeans from their origin to their final point of delivery.

How Is the Soybean Meal Market Segmented?
The soybean meal market covered in this report is segmented -

1) By Type: Food Grade; Industrial Grade
2) By Source: Organic; Conventional
3) By Form: Powder; Oil; Granular
4) By Sales Channel: Offline; Business To Business (B2B); Online
5) By Applications: Food Products; Beverages; Healthcare Products; dietary supplemen*ts; Animal Feed; Other Applications

Subsegments:
1) By Food Grade: Non-GMO Food Grade Soybean Meal; Organic Food Grade Soybean Meal; Conventional Food Grade Soybean Meal
2) By Industrial Grade: Feed Grade Soybean Meal; Biofuel Production Soybean Meal; Soybean Meal For Industrial Applications

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Where Is the Soybean Meal Market Growth Most Prominent?
Asia-Pacific was the largest region in the soybean meal market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the soybean meal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Soybean Meal Global Market Report?

- Market Size Analysis: Analyze the soybean meal Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the soybean meal Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the market.
- Market Contribution: Evaluate contributions of different segments to the overall soybean meal market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the soybean meal market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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