Primary Catalyst Driving Soybean Meal Market Evolution in 2025: Rising Global Demand For Protein-Rich Animal Feed Fuels Soybean Market Growth Driver

What combination of drivers is leading to accelerated growth in the soybean meal market?
The expansion of the soybean market is anticipated to be spurred by the escalating requirement for animal feed rich in protein. Key to growth, reproduction, and overall animal wellbeing, this type of feed is increasingly in demand on a global scale, supported by a growing population, an uptick in meat consumption, and the call for more effective livestock production. Soybean meal plays a vital role in this high-protein feed, offering a cost-efficient source of protein and necessary amino acids imperative to the growth and health of livestock and poultry. By way of illustration, data from the Foreign Agricultural Service, a US foreign affairs agency, revealed a record high in soybean meal exports during the 2022/2023 marketing year (October-September) at about 13.2 million metric tons and a value nearing $7 billion. Furthermore, projections for the 2023/2024 marketing year suggest U.S. soybean meal exports will continue this trend, reaching a new record at 13.9 million metric tons. As such, global demand for animal feed rich in protein seems to be a crucial driver for soybean market growth.

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What is the projected compound annual growth rate (CAGR) of the soybean meal market from 2025 to 2034, and what factors influence it?
In recent times, the soybean meal market has witnessed a robust expansion. The market size is projected to escalate from $100.36 billion in 2024 to $107.04 billion in 2025, registering a compound annual growth rate (CAGR) of 6.7%. The historical growth surge is linked to factors such as rising livestock production, burgeoning biofuel production, increased dairy production, multiple expansions in soybean farming, and heightened investment in the agricultural sector.

Forecasted to witness significant expansion in the coming years, the soybean meal market is expected to reach a value of $136.5 billion in 2029, growing at a compound annual growth rate (CAGR) of 6.3%. This expected growth during the forecast period can be assigned to several factors such as the surge in global population, escalating demand for protein-enriched animal feed across the globe, increased adoption of sustainable and efficient animal farming methods, amplified demand for animal feed worldwide, and the rise in global meat consumption. Noteworthy trends predicted for the given forecast period include advancements in technology, the rise of plant-based diets, organic farming, digital technologies and the incorporation of feed management systems.

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How are the latest trends influencing the growth of the soybean meal market?
Leading businesses involved in the soybean meal market aim to develop novel offerings, such as trackable soy products, to enhance sustainability and streamline the efficacy of the soybean supply chain, right from cultivation to end consumer. A trackable soy item is a product derived from soybeans that enables the tracing and confirmation of its supply chain, starting from its creation to final use. For instance, in July 2024, the US-based food processing and commodities trading firm, Archer-Daniels-Midland Company, introduced fully trackable soybean meal and oil. This step forms part of ADM's resource scheme that has roped in over 5,300 North American farmers to guarantee a sustainable procurement of soybeans, ensuring traceability across the entire value chain. This scheme employs cutting-edge technology, such as the FBN Gradable digital platform, in conjunction with ADM's origination and shipping abilities, to validate, track, and separate soybeans from the time they are farmed to their final destination.

What are the major segments of the soybean meal market and their role in driving growth?
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 Supplements; 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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Which regions are key players in the growth of the soybean meal market?
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.

Who are the key firms paving the way for growth in the soybean meal market?
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

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What Is Covered In The Soybean Meal Global Market Report?

•Market Size Forecast: Examine the soybean meal market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the soybean meal market for a structured understanding.
•Key Players Overview: Analyze major players in the soybean meal market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the soybean meal market.
•Segment Contributions: Evaluate how different segments drive overall growth in the soybean meal market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the soybean meal market.
•Industry Challenges: Identify potential risks and obstacles affecting the soybean meal market.
•Competitive Landscape: Review strategic developments in the soybean meal market, including expansions, agreements, and new product launches.

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