Uploaded on Feb 16, 2021
Soybean meal market is forecasted to grow at the significant growth rate over near future due to its extremely high protein content which is around 47-49% of protein content and other nutritional contents like crude fiber.
Soybean meal Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2027
Soybean meal Market - Global Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2017 - 2027
Soybean meal is the highly nutritive meal for the farm animals, it is used as a feed for
the farm animals like chicks, horse, sheep, pig, and fish. It has high protein content
which is important for the health of the animals, it is the most used feed for livestock.
It has been used as a standard for comparing the protein content of food products. It
is approved in the United States as an ideal feed for livestock and its production has
increased due to control over slaughterhouse by-product as feed and encouraged the
use of soybean meal due to high protein content it has and thus, increase in demand
as protein-rich source for livestock feed. Soybean meal market is forecasted to grow
at the significant growth rate over near future due to its extremely high protein content
which is around 47-49% of protein content and other nutritional contents like crude
fiber.
Soybean meal market Segmentation
Soybean meal is segmented on the basis of the raw material as Organic and inorganic.
Due to rising health concerns people are preferring organic soybean meals as organic
products are good for health.
Soybean meal market is segmented on the basis of process of production as normal
soybean meal, De-hulled [min 50% protein] Hipro Soybean meal, and De-hulled [min.
48% protein] Hipro Soybean meal, Defatted soya flour toasted, and de-fatted soya
flakes toasted are available in the market. Normal soybean meal has low protein
content than the De-hulled soybean meal which has around 45-46% of crude protein
content. Hulls are by-product, therefore, are removed as they have no place in human
food but are used for ruminants.
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Soybean meal is segmented on the basis of application in food industry, beverage,
dietary supplements, and healthcare products. In food market segment soymeal can
be used for making soy-chunks and soy-granules. Flour of deflated soy is used to
make nutritious biscuits. Isolates of protein from soymeal are used as protein drinks.
Product from soymeal are healthy and nutritious thus market demand from food and
beverage market segments is high. In healthcare products market segment, soymeal
is used to make products having isoflavones which have chemical similarity to
estrogen. Demand from dietary supplement market segment is higher as soymeal is
used to make calcium, magnesium, iron, and folic acid rich supplements.
Soybean meal is segmented on the basis of distribution channel as supermarket,
specialized stores, online stores and retail stores. Online stores are the most preferred
mode of shopping for consumer and manufacturer as it is comfortable for both.
Supermarkets also have gained good consumer base in last 10 years and are
expected to grow at a significant rate.
Soybean meal market: Regional Outlook
Soybean meal market is segmented into five key regions as North America, Latin
America, Europe, Asia-Pacific, and the Middle East and Africa. In Asia-Pacific region,
China and India are the biggest producer of soybean meal. In the North American
region United States is the major producer of soybean is followed by European Region
countries like Argentina and Brazil. The Soybean meal is exported all over the world
as it is majorly used as livestock as feed and is also consumed by humans as a protein
packed vegetable food source. Soybean market is expected to grow at the high rate
and gain good revenue during the forecast period of 2017-2027.
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Soybean meal market: Drivers and Trends
Soybean meal is forecasted to generate extremely good revenue during the period of
2017-2027 as it is packed with abundant protein content. It can be used as food for
humans and livestock, used in healthcare products, and in the preparation of protein
drinks. Owing to rising demand of soybean meal for the manufacture of protein
supplements and feed for the livestock at high rate manufacturers are manufacturing
and launching various new products of soybean meal having improved content of
protein. These factor the key drivers of this market and the demand is expected to
increase with every passing year. To match the increased demand manufacturers are
making their strategies to stay the key player. Producing soymeal at a high rate due
to the increasing demands is a restraint for the soybean meal market as production is
limited. Increasing pet trend and pet health segment is another factor driving market
demand for soybean meal market.
Soybean meal market: Key Players
The global key players identified during the global soybean meal market analysis are
Gauri agrotech products pvt. ltd., Vippy Industries Ltd, Bonne vie soybean meal,
Mukwano group, Ghana Nuts Company limited, and Granol. These are the biggest
soybean meal key players who are manufacturing good quality of soybean meal for
feed for livestock and food for humans. New market player entries are expected in the
global soybean meal market, due to increasing demand from different segments
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