Global Soybean Meal Market Size, Share & Trends Analysis Report, By Nature (Conventional, Organic), By End-use (Food & Beverages, Animal Feed, Industrial Use) and By Region, And Segment Forecasts, Till – 2030
Report ID : IR100134 | Industries : Food and Beverage | Published On :January 2024 | Page Count : 222
Global Soybean Meal Market Size, Share & Trends Analysis Report, By Nature (Conventional, Organic), By End-use (Food & Beverages, Animal Feed, Industrial Use) and By Region, And Segment Forecasts, Till – 2030
Market Overview
According to Analytical Market Research, the global Soybean Meal market estimated at USD 125 billion in 2022 and will expand at a compound annual growth rate (CAGR) of 4.04% from 2023 to 2030. Key players in the Soybean Meal market employ various strategies to maintain and enhance their market presence. These strategies help key players capture a significant market share and remain competitive in the dynamic Soybean Meal market. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated includes proficient analysis, predictive analysis, prescriptive analysis, cumulative analysis, and value chain analysis.
Soybean Meal MARKET DYNAMICS: KEY DRIVERS & RESTRAINTS
Livestock Feed Demand drives the Market
The primary use of soybean meal is as a high-protein feed ingredient for livestock, poultry, and aquaculture. Changes in global demand for meat products directly impact the demand for soybean meal.
Competition from Alternative Protein Sources will restraint the market growth
As alternative protein sources continue to gain popularity, soybean meal faces competition from other plant-based proteins, such as pea protein, and alternative protein products, including those derived from microbial fermentation or cultured meat.
How are Segments Performing in the Global Soybean Meal Market?
Soybean Meal Nature Segment Breakdown
According to Analytical Market Research, the Soybean Meal market by nature is segmented into Conventional, Organic.
Soybean Meal End Use Segment Breakdown
According to Analytical Market Research, based on End Use the market is segmented into Food & Beverages, Animal Feed, Industrial Use.
Soybean Meal Geographic Exploration
According to Analytical Market Research, In North America, the Soybean Meal market is driven by several key factors. The robust demand for soybean meal is attributed to its widespread use as a high-protein feed ingredient in the animal feed industry. The region's strong livestock production, particularly in the poultry and swine sectors, fuels the need for protein-rich feed supplements, boosting the consumption of soybean meal.
COMPETITIVE LANDSCAPE & RECENT DEVELOPMENT: Soybean Meal
The competitive landscape of the market is fragmented. The significant players rapidly evolve with new strategies to attain a competitive edge and capture significant market share.
• For Instance, In March 2022, Perdue AgriBusiness is investing $59.1 million to expand its soybean crushing facility in Chesapeake, Virginia, aiming to increase soybean oil, soybean meal, and hulls production. Currently sourcing 80% of Virginia's soybeans, the company exports 72 million tons annually. The expansion enhances processing capabilities, benefiting local farmers. Perdue AgriBusiness is a subsidiary of Perdue Farms Inc., a global grain company.
Noticeable Players Functioning in The Global Soybean Meal Market Include:
• The Scoular Company
• Kohinoor Feeds and Fats Pvt. Ltd.
• AdamPolSoya
• Louis Dreyfus Company B.V.
• Perdue Farms
• Agrocorp International Pte Ltd
• Yihai Kerry Investments Co., Ltd.
• Nordic Soya Ltd.
• Irwing Soya
• Wilmar International
KEY BREAKDOWN: Soybean Meal Market
By Nature:
• Conventional
• Organic
By End Use:
• Food & Beverages
• Animal Feed
• Industrial Use
Geographical Exploration:
• North America
o The USA
o Canada
o Mexico
• Europe
o Germany
o France
o UK
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o South East Asia
o Rest of Asia Pacific
• Latin America
o Brazil
o Argentina
o Rest of Latin America
• Middle East and Africa
o GCC Countries
o South Africa
o Rest of MEA
1. Research Methodology
1.1. Global Soybean Meal Market Snapshot, 2023 and 2030
1.2. Data Mining
1.3. Validation
1.4. Primary Interviews
1.5. List of Data Sources
1.6. Future Market Projections
1.7. Industry Developments and Key Market Events
2. Executive Summary
3. Market Overview
3.1. Market Scope and Definition
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunity
3.2.4. Challenges
3.2.5. Cumulative Impact due to Recent Energy Crisis
3.2.6. Cumulative Impact due to Nearing Economic Downturn
3.2.7. Post Covid-19 World Supply & Demand Conditions
3.2.8. Cumulative Impact of Russia-Ukraine Conflict
3.2.9. Key Trends
3.3. Soybean Meal Market: Value Chain
3.3.1. List of Raw Material Supplier
3.3.2. List of Manufacturers
3.3.3. List of Applications
3.4. Porter Five Force’s Analysis
3.5. Regulatory and Technology Landscape
4. Global Soybean Meal Market Outlook: Forecast (2023 – 2030)
4.1. Key Highlights
4.1.1. Market Size and Y-o-Y Growth
4.1.2. Absolute $ Opportunity
4.2. Market Size (US$ Mn) Analysis and Forecast
4.2.1. Current Market Size Forecast, 2023–2030
4.3. Global Soybean Meal Market Outlook: Nature
4.3.1. Introduction / Key Findings
4.3.2. Market Size (US$ Mn) and Forecast Nature, 2023 – 2030
4.3.2.1. Conventional
4.3.2.2. Organic
4.4. Market Attractiveness Analysis: Component
4.5. Global Soybean Meal Market Outlook: End Use
4.5.1. Introduction / Key Findings
4.5.2. Market Size (US$ Mn) and Forecast By End Use, 2023 – 2030
4.5.2.1. Food & Beverages
4.5.2.2. Animal Feed
4.5.2.3. Industrial Use
5. Global Soybean Meal Market Outlook: Region
5.1. Key Highlights
5.2. Market Size (US$ Mn) and Forecast By Region, 2023 – 2030
5.2.1. North America
5.2.2. Europe
5.2.3. Asia Pacific
5.2.4. Latin America
5.2.5. Middle East & Africa (MEA)
6. North America Soybean Meal Market Outlook: Forecast (2023 – 2030)
6.1. Key Highlights
6.2. Pricing Analysis
6.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2022
6.3.1. By Country
6.3.2. By Nature
6.3.3. By End Use
6.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
6.4.1. U.S.
6.4.2. Canada
6.4.3. Mexico
6.5. Market Size (US$ Mn) and Forecast By Nature, 2023 – 2030
6.5.1. Conventional
6.5.2. Organic
6.6. Market Size (US$ Mn) and Forecast By End Use, 2023 – 2030
6.6.1. Food & Beverages
6.6.2. Animal Feed
6.6.3. Industrial Use
7. Europe Soybean Meal Market Outlook: Forecast (2023 – 2030)
7.1. Key Highlights
7.2. Pricing Analysis
7.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030
7.3.1. By Country
7.3.2. By Nature
7.3.3. By End Use
7.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
7.4.1. Germany
7.4.2. France
7.4.3. U.K.
7.4.4. Russia
7.4.5. Italy
7.4.6. Spain
7.4.7. Rest of Europe
7.5. Market Size (US$ Mn) and Forecast By Nature, 2023 – 2030
7.5.1. Conventional
7.5.2. Organic
7.6. Market Size (US$ Mn) and Forecast By End Use, 2023 – 2030
7.6.1. Food & Beverages
7.6.2. Animal Feed
7.6.3. Industrial Use
8. Asia Pacific Soybean Meal Market Outlook: Forecast (2023 – 2030)
8.1. Key Highlights
8.2. Pricing Analysis
8.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030
8.3.1. By Country
8.3.2. By Nature
8.3.3. By End Use
8.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. South Korea
8.4.5. Australia
8.4.6. New Zealand
8.4.7. Singapore
8.4.8. Malaysia
8.4.9. Rest of Asia
8.5. Market Size (US$ Mn) and Forecast By Nature, 2023 – 2030
8.5.1. Conventional
8.5.2. Organic
8.6. Market Size (US$ Mn) and Forecast By End Use, 2023 – 2030
8.6.1. Food & Beverages
8.6.2. Animal Feed
8.6.3. Industrial Use
9. Latin America Soybean Meal Market Outlook: Forecast (2023 – 2030)
9.1. Key Highlights
9.2. Pricing Analysis
9.3. Market Size (US$ Mn) and Analysis By Market, 2023 – 2030
9.3.1. By Country
9.3.2. By Nature
9.3.3. By End Use
9.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
9.4.1. Brazil
9.4.2. Argentina
9.4.3. Colombia
9.4.4. Peru
9.4.5. Chile
9.4.6. Venezuela
9.4.7. Rest of Latin America
9.5. Market Size (US$ Mn) and Forecast By Nature, 2023 – 2030
9.5.1. Conventional
9.5.2. Organic
9.6. Market Size (US$ Mn) and Forecast By End Use, 2023 – 2030
9.6.1. Food & Beverages
9.6.2. Animal Feed
9.6.3. Industrial Use
10. Middle East & Africa Soybean Meal Market Outlook: Forecast (2023 – 2030)
10.1. Key Highlights
10.2. Pricing Analysis
10.3. Market Size (US$ Mn) and Volume (Units) Analysis By Market, 2023 – 2030
10.3.1. By Country
10.3.2. By Nature
10.3.3. By End Use
10.4. Market Size (US$ Mn) and Forecast By Country, 2023 – 2030
10.4.1. Saudi Arabia
10.4.2. UAE
10.4.3. Egypt
10.4.4. Kuwait
10.4.5. South Africa
10.4.6. Rest of Middle East & Africa
10.5. Market Size (US$ Mn) and Forecast By Nature, 2023 – 2030
10.5.1. Conventional
10.5.2. Organic
10.6. Market Size (US$ Mn) and Forecast By End Use, 2023 – 2030
10.6.1. Food & Beverages
10.6.2. Animal Feed
10.6.3. Industrial Use
11. Competition Analysis
11.1. Market Share Analysis Of Top Vendors
11.2. Market Structure
11.2.1. Competition Intensity Mapping By Market
11.2.2. Competition Dashboard
11.2.3. Key Development Strategies
11.3. Company Profiles
11.3.1. The Scoular Company
11.3.1.1. Overview
11.3.1.2. Offerings
11.3.1.3. Business Segment & Geographic Overview
11.3.1.4. Key Financials
11.3.1.5. Key Market Developments
11.3.1.6. Key Market Strategy
11.3.2. Kohinoor Feeds and Fats Pvt. Ltd.
11.3.3. AdamPolSoya
11.3.4. Louis Dreyfus Company B.V.
11.3.5. Perdue Farms
11.3.6. Agrocorp International Pte Ltd
11.3.7. Yihai Kerry Investments Co., Ltd.
11.3.8. Nordic Soya Ltd.
11.3.9. Irwing Soya
11.3.10. Wilmar International