Global Organic Soybean Market - 2022-2029

Global Organic Soybean Market - 2022-2029

Market Overview

The global organic soybean market is valued at USD XX million in 2021 and is forecasted to reach USD XX million by 2029, growing at a CAGR of XX% during the forecast period (2022-2029).

Organic soybean is grown following organic farming standards, preserving its natural composition. Organic soybean is high in nutritional value. It is grown under tight government regulations that include using organically produced seed for irrigation, not using synthetic fertilizers or pesticides, and keeping detailed records of input and operation. Organic soybean is currently in high demand in the food and beverage business, animal feed, personal care and cosmetics, pharmaceuticals, and other industries. Organic food consumption is expanding rapidly worldwide in the form of oil, meal, protein, and other products. Organic soybeans can be prepared in various ways and consumed whole such as organic soybean meal, organic soybean oil, organic soybean protein, and other processed forms of organic soybeans, including tofu, soybean milk, and fiber.

Market Dynamics:

Rise of the organic food and feed sector is driving the market growth

Growing consumer awareness of the health benefits of organic products and a preference for natural products with fewer chemicals and additives are increasing the demand for organic soybean food products. Consumers are becoming more interested in organic and natural foods due to health issues such as obesity, diabetes, and high blood pressure, which are driving them to live healthier lifestyles. As a result, functional foods containing plant-based proteins, such as soy organic protein-based products, are more appealing to them. Furthermore, the demand for organic soybean is expected to increase in the feed industry due to the rising demand for organic chicken. Feed producers are increasing their demand for organic-based soybean to produce organic chicken. Additionally, due to the growth of private labels, organic food and drinks in conventional food supply chains have expanded over time. Government authorities, non-governmental organizations (NGOs), and farmer associations in underdeveloped countries support organic farming through financial assistance, market intelligence, and organic food market trends. Small farmers in developing nations are receiving incentives for organic farming. NGOs farmer organizations are conducting training programs and traders to encourage farmers to adopt organic farming.

Market Segmentation:

Full-fat soya meal is anticipated to expand at a CAGR of XX%

Full-fat soymeal is a high-protein organic meal that may be used as a human food and animal feed ingredient. The term full-fat soymeal refers to a soy product that has been ground to a powder. It can be used in cooking or sold in the form of packaged foods like nut butter and tofu. It can also be used to replace dairy products. Due to their great nutritional content and versatility in cooking applications, full-fat soy products have recently gained favor as a substitute for traditional meat goods or animal proteins.

Based on application, human food segment is anticipated to expand at a CAGR of XX%. Organic soymeal is used as an ingredient in human food to give a source of protein, minerals, and energy. Vegan diets, vegetarian soy foods, dairy replacement products, and meat analogues are all possible applications for organic soymeal. It is high in critical amino acids including methionine-cystine, which aids in the production of neurotransmitters like serotonin, which is a mood enhancer. Lignans, which are phytoestrogens that function as antioxidants and help prevent cancer cells from growing, are also found in organic soymeal.

Geographical Penetration:

North America is the dominating region during the forecast period.

During the projected period, North America would be the largest market for organic soyabean market, accounting for approximately XX percent of global sales during the forecast period. Due to the presence of the largest number of health-conscious people in the region and the rising prevalence of cardiovascular diseases, obesity, diabetes, high cholesterol levels, and high blood pressure, among others, North America acquired the leading market share in 2020 and is expected to be the dominating regional market within the projected year. The United States is the major contributor country in the North American market, as well as the world's leading country in the organic soyabean meal market. The Asia Pacific organic soyabean meal market is expected to develop at the quickest rate in the future years, owing to increased knowledge of various nutritious dietary demands, rising population, and rapid urbanization in emerging nations such as India and China.

Competitive Landscape:

The worldwide organic soybean industry has benefited from a number of new trends and opportunities. The majority of these developments are related to the market's competitive dynamics, as a number of new competitors enter the global organic soybean market. These vendors are focusing on forming partnerships with local merchants and department stores since they understand the market forces of demand and supply. SunOpta Inc., Pulmuone Co. Ltd., Grain Millers Inc., Simmons Grain Company, Professional Proteins, Ltd., Zeeland Farm Services Inc., The Hain Celestial Group, Inc., Adams Group, KORIN Agricultura Natural, Montana Flour & Grains, and others are among the key players in the organic soybean market. SunOpta introduced a soybase, which is the liquid collected from roasted soybeans after the excess fibre has been removed and used in all SunOpta soymilks. SunOpta's patented technique allows for the production of a soybase with a very clean profile and few beany overtones. Their soybase is kosher, and they also have non-GMO and certified organic variations.

COVID-19 Impact:

Negative impact on the organic soybean market

The recent COVID-19 epidemic had a significant influence on the organic soyabean meal sector all around the world. Due to several people losing their jobs and most of them being unable to afford expensive food products, demand for organic soyabean meal was lower during and after the pandemic. The production of organic soyabean meal activities has been hampered in a number of nations due to government regulations that have hampered transportation. Most stores were closed for a few months as a result of the tight regulations and standards implemented by various countries' governments for shops and retailers. Some of the stores were only open for home delivery. During the pandemic, however, requests for organic soyabean meal replacement are reduced.

Why Purchase the Report?

Understand the current market scenario and viability of global organic soybean meal market over the forecast period

Visualize the composition of the global organic soybean market in terms of type, and application to identify major players, growth potential, and market strategies

Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period

Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining in the market

What we offer?

PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study

Excel data sheet with valuable data points of the global organic soybean market – Regional and Country level segmentation

Product mapping in excel for the key products of all major market players

Market Share Analysis covering business revenues ($) and revenue share (%) of key market players

The global organic soybean market report would provide an access to approximately 53 market data tables, 40 figures and 180 pages

Target Audience:

Food and Beverage Companies

Farming Communities

Industry Investors

Education & Research Institutes

Research Professionals