Organic Soymeal Market Outlook
The Organic Soymeal Market is poised to achieve a noteworthy CAGR of 14.56%, surging to a valuation of USD 823.7 Million by 2030. This global market growth is predominantly driven by the escalating demand for organic ingredients on a global scale. The recent report titled “Global Organic Soymeal Market Research Report – Forecast to 2030” from Market Research Future, a specialist in reports within the Food, Beverages & Nutrition sector, predicts a remarkable CAGR of 14.56% for the Organic Soymeal market.
Soymeal, a crucial product derived from soybeans, is recognized for its high nutritional value, rendering it suitable for direct consumption. The production of Organic Soymeal involves the utilization of organically grown soybeans, aligning with the increasing preference for organic ingredients. Given its protein richness, Soymeal is particularly favored by the expanding population of health-conscious consumers, contributing to its widespread adoption as a potent protein supplement globally.
A noteworthy trend is the substantial market share of soy-derived chemical-free food products within the Soymeal sector, especially prominent in the Asia Pacific region. The overarching shift towards health-focused dietary habits among consumers is a key driver for the Organic Soymeal market.
Latest Industry Developments:
- In November 2020, China’s Dalian Commodity Exchange (DCE) urged regulators to approve the launch of soybean meal options and introduce a hog futures contract, expanding its agricultural product offerings.
- In January 2020, the National Commodity and Derivatives Exchange Ltd. (NCDEX), India’s leading commodity exchange, initiated trading in soybean meal, with plans to further expand its product range.
In April 2020, companies Algar Agro and Ibersan, both based in Uberlândia, MG, joined forces to introduce FORTPASS, a soybean bran with a by-pass effect, targeted at the ruminant feed market. This product, featuring vegetable extracts and leaving no residues in milk, dairy products, or meat, reflects a strategic move to offer a protein-protected solution.
Global Organic Soymeal Market — Competitive Landscape: The complex certification process has limited product launches in the organic soymeal market. Major companies are investing in R&D to maintain a competitive edge, with a focus on acquiring small players to expand their business and penetrate the global organic Soymeal market. Expansion remains a key strategy for capturing a significant market share and increasing production capacity to meet rising consumer demand, thus contributing to revenue growth.
Key players in the global organic soymeal market include:
- 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 –
Regional Analysis
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.
Browse In-depth Market Research Full Access Report : @ https://www.marketresearchfuture.com/reports/organic-soymeal-market-4217
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