ID: MRFR/AGR/2873-CR | 75 Pages | Author: Tejas Chaudhary | September 2017
Organic Soymeal Market is probable to register a CAGR of 14.56% to reach USD 823.7 Million by 2030. The high nutritional value of organic soymeal and major application as a protein supplement due to high protein content is likely to drive the global organic soymeal market over the forecast period. Additionally, high demand for defatted soybean meal is anticipated to further propel the growth of soybean meal market.
Asia Pacific will dominate the organic soymeal market (in terms of value and volume both) with more than 35% of the market share and it is projected to reach a market value of more than USD 200 million at a CAGR of 18.15% by 2022. Latin America is projected witness a high growth rate of 18.25% during the given period owning to high production volume of soybean in the region. Rising demand for organic ingredients in animal feed has also been playing a key role in the growth of the global organic soymeal industry from last few years. Furthermore, the high demand for healthy chemical-free protein contains food products has increased the sale of organic soymeal on the global level owing to its high nutritional value.
On the basis of application, the application of organic soymeal for human food will dominate the market and is projected to hold a lion’s share of more than 95% in the global market. Increasing health consciousness among the consumers is one of the major drivers organic soymeal market. Rising awareness about the health benefits of organic food products is likely to influence the growth of this market, positively. Animal feed-based application of organic soybean is also projected to grow at a high rate during the given forecast period.
Some of the leading players in the global organic Soymeal market are: Sapthsathi Organic Agriculture project (S.O.A.P.) (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.)
Study Objectives of Organic Soymeal Market
Regional and Country Analysis of Organic Soymeal Market Development and the Demand Forecast
As per the MRFR analysis, the global market for organic soymeal has been witnessing continued demand during the forecast period owning to the rising population of consumers adopting organic and healthy food consumption trends. In terms of value and volume, Asia Pacific is estimated to dominate the organic soymeal market holding the lion’s share of more than 95%. Also, Latin America will hold the second-largest share in the global organic soymeal market and is projected to grow at a rate of 18.25%
The reports also cover country level analysis:
The Middle East and Africa
|Market Size||USD 823.7 million|
|Forecast Units||Value (USD million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Application, and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Sapthsathi Organic Agriculture project (S.O.A.P.) (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.)|
|Key Market Opportunities||high demand for defatted soybean meal|
|Key Market Drivers||
organic soymeal market is projected to grow at approximately 14.56% CAGR during the assessment period (2022-2030).
organic soymeal market is estimated to reach a valuation of approx. USD 823.7 MN by the end of 2030.
Sapthsathi Organic Agriculture project (India), Grain Millers Inc. (U.S.), AFG Brasil S/A (Brazil), Soni Soya Products Pvt. Ltd (India), Perdue Farms (U.S.), Pilgrim's Pride (U.S.), and Tyson Foods Inc. (U.S.), are some of the top players operating in the global organic soymeal market.
Asia Pacific holds the largest share in the global organic soymeal market, followed by North America and Europe, respectively.
Human Food is the largest application segment in the global organic soymeal market.
Key Questions Answered
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