Soyabean meal Market

The soyabean meal market size is valued at USD 156.48 billion by 2028 and is expected to grow at a compound annual rate of 4.20% in the forecast period 2021 to 2028. The rapid increase in the number of farm animals and pet animals is the factor for the growth of soyabean meal market in the forecast period of 2021 to 2028.

Soybean meal is the type of by-product of soybean oil extraction. It is rich source of protein used for humans and livestock diets and is also used in the larger varieties of products such as, animal feed, health food, bakery products, cosmetics and in the manufacturing of antibiotics. Soybean meal is the primary source of animal feed which helps to enhance the process of metabolism and immunity for growth of livestock.

The major growing factor towards soyabean meal market is the high demand for protein-enriched food for both humans and animals. Furthermore, the rise in awareness regarding the health benefits offered by soyabean meal and abundant protein content are also expected to heighten the overall demand for soyabean meal market over the forecast period of 2021 to 2028. Moreover, the rapid rise in the demand of soybean meal for the manufacture of protein supplements and feed for the livestock are also expected to serve as foremost drivers for the soyabean meal market at a global level. In addition, the increase in the rise in pet trend and pet health are also lifting the growth of the soyabean meal market.

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The major players covered in the soyabean meal report are ADM, DuPont, CHS Inc., The Scoular Company, Kohinoor Feeds and Fats Ltd., Kerry, Batory Foods, Denofa AS, Agrocorp, MJI Universal Pte Ltd., Gauri Agrotech Products Pvt. Ltd., Agro Ind Group, NOW Foods, Wilmar International Ltd., Cargill, Incorporated, Foodrich Soya Co. LTD., The Nisshin OilliO Group, Ltd., Mukwano Industries Uganda Ltd., Ghana Nuts Company Limited and Food Chem International among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Global Soyabean Meal Market Scope and Market Size

The soyabean meal market is segmented on the basis of nature, form, process of production, application and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• Based on nature, the soyabean meal market has been segmented into organic and conventional.
• On the basis of form, the soyabean meal market has been segmented into powder, oil and granular.
• On the basis of process of automation, the soyabean meal market has been segmented into normal soybean meal, de-hulled [min 50% protein] hipro soybean meal, de-hulled [min. 48% protein] hipro soybean meal, defatted soya flour toasted and de-fatted soya flakes toasted.
• On the basis of application, the soyabean meal market has been segmented into animal feed, food industry, beverage and health care product.
• The distribution channel segment of the soyabean meal market has been segmented into supermarket, specialized stores, online stores and retail stores.

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Soyabean Meal Market Country Level Analysis

The soyabean meal market is analyses and market size, volume information is provided by country, nature, form, process of production, application and distribution channel as referenced above.

The countries covered in the soyabean meal market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa (MEA).

Asia-Pacific leads the soyabean meal market because of the presence of major producers of soybean meal such as China and India. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the rise in use of soybean meal in the larger varieties of products such as bakery products, health food, cosmetics and in the manufacturing of antibiotics. 

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