Global Organic Soymeal Market Outlook
The Organic Soymeal Market is expected to record a CAGR of 14.56%, reaching USD 823.7 Million by 2030. The global market is experiencing incremental growth, primarily fueled by the rising demand for organic ingredients on a worldwide scale. In a recent report titled "Global Organic Soymeal Market Research Report - Forecast to 2030," Market Research Future, specializing in market reports within the Food, Beverages & Nutrition sector, forecasts an outstanding CAGR of 14.56% for the Organic Soymeal market.
Soymeal, a key product derived from soybeans, boasts high nutritional value, making it suitable for direct consumption. The production of Organic Soymeal involves the use of organically grown soybeans, aligning with the increasing preference for organic ingredients. With its richness in protein, Soymeal is particularly favored by the growing population of health-conscious consumers. The global adoption of Organic Soymeal as a potent protein supplement is evident, reflecting its widespread consumption.
Notably, soy-derived chemical-free food products hold a substantial market share within the Soymeal sector, with a significant consumer base in the Asia Pacific region. The overarching trend of a large consumer population gravitating towards health-focused dietary habits stands out as a major driver for the Organic Soymeal market.
Latest Industry Updates
Nov 2020 China’s Dalian Commodity Exchange (DCE) has urged regulators to approve the launch of soybean meal options and introduce a hog futures contract for expanding its agricultural product offering.
Jan 2020 The National Commodity and Derivatives Exchange Ltd. (NCDEX), India’s leading commodity exchange, has started of trading in soybean meal. The company aims to expand its product range in near future.
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Apr 2020 Companies Algar Agro and Ibersan (part of CCPA group), both based in Uberlândia, MG, has signed a partnership to launch soybean bran with by-pass effect. It is FORTPASS, a product aimed at ruminant feed market. The company is focusing more to offer the market a product protected against protein degradation, whose formulation contain vegetable extracts and that leaves no residues in milk, dairy products or meat.
Global Organic Soymeal Market — Competitive Analysis
Due to complex certification process, the product launch in the organic soymeal market has been limited. Major companies are investing into R&D in the organic soymeal market to sustain competitive advantage. Efforts have been taken to develop the necessary infrastructure for continued growth in the market.
Key players are focused majorly on acquisition of small players to expand their business and penetrate the global organic Soymeal market. Expansion is also one of the key strategies followed by acquisition. Expansion will help in capturing the major market and increasing the production capacity to meet the rising demand from consumer’s end thereby further contributing to increasing revenue.
The leading market players in the global organic soymeal market primarily are Sapthsathi Organic Agriculture project (India), Soni Soya Products Pvt Ltd (India), AFG Brasil S/A (Brazil), Grain Millers Inc. (U.S.), Perdue Farms (U.S.), Tyson Foods Inc. (U.S.), Pilgrim’s Pride (U.S.)
Global Organic Soymeal Market — Segments
The global organic soymeal market has been divided into application and region.
On The Basis Of Application: Human Food and Animal Feed
On The Basis Of Region: North America, Europe, Asia Pacific and ROW.
Global Organic Soymeal Market -
The global organic soymeal market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Among all the regions, Asia Pacific will dominate the organic soymeal market with more than 35% of the market share and it is projected to reach more than USD 200 million by 2030. Latin America will witness the highest growth rate (~18.25%) during the forecast period 2022–2030. Growing popularity of organic soymeal owing to their high protein value and consumption as protein supplement is supporting its market growth on the global level. Rising health awareness and increasing health concerns have been playing a key role in the organic soymeal growth from the last few years.
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