Soybean Meal Market Size, Share & Trends Analysis Report By Nature (Conventional, Organic), By End-use (Food & Beverages, Animal Feed, Industrial Use), By Region, And Segment Forecasts, 2024 - 2030

Soybean Meal Market Size, Share & Trends Analysis Report By Nature (Conventional, Organic), By End-use (Food & Beverages, Animal Feed, Industrial Use), By Region, And Segment Forecasts, 2024 - 2030


Soybean Meal Market Growth & Trends

The global soybean meal market size is expected to reach USD 162.91 billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The soybean meal market is witnessing substantial growth, propelled by various factors that have gained consumer interest. An important driver in this expansion is the escalating demand for plant-based proteins.

In an era of increased health and environmental awareness, soybean meal emerges as a valuable source of plant-based protein, attracting people looking for alternatives to traditional animal-derived protein sources. Furthermore, the growing recognition of the nutritional advantages linked to soy-based products, including their favorable effects on heart health and cholesterol levels, is fueling the upsurge in consumer enthusiasm. In addition to its protein content, soybean meal possesses a distinctive amino acid composition, making it a viable substitute for cereal proteins. Its utilization spans both the animal feed and human food industries.

The increasing demand for soybean meal can be attributed to several factors, including the health benefits associated with this protein-rich food and the rising populations of livestock, cattle, ruminants, and other animals that incorporate soybean meal into their diets. Another contributing factor is the constraints imposed on slaughterhouse byproducts, which, in turn, have amplified the demand for soybean meal. These factors, when considered together, point to continued growth in the soybean meal market shortly.

Additionally, the growth of the aquaculture industry plays a significant role in driving the market for soybean meal. Fish and shrimp farming require high-quality protein sources, and soybean meal provides an excellent alternative to fishmeal. With the expansion of aquaculture operations worldwide, the demand for soybean meal as a feed ingredient is expected to rise.

Moreover, government policies and regulations also influence the market for soybean meal. Subsidies and incentives provided to farmers for soybean cultivation can impact the supply and prices of soybean meal. Trade policies, import/export regulations, and geopolitical factors also play a role in shaping the market dynamics.

In May 2022, Food and Public Distribution and The Ministry of Consumer, in India approved the importation of an additional 550,000 metric tons of soybean meal, including GE derived, as a response to high prices. The imports are permitted until September 30, 2022, and are intended to support the poultry and livestock industry in India.

Soybean Meal Market Report Highlights
  • The conventional soybean meal segment is more established and mature compared to organic segments, leading to a larger market share. Established practices and widespread adoption contributed to stability and dominance.
  • The food and beverages segment is anticipated to grow at the fastest CAGR from 2024 to 2030. The demand for soybean meal as a plant-based protein source is rising. Its high protein content makes it a popular choice, especially as more people adopt vegetarian or vegan diets.
  • The Asia Pacific region is anticipated to witness the fastest CAGR from 2024 to 2030. The growing population, increasing disposable income, and technological advancements in the production process, along with other factors, are further fueling the growth of the soybean meal market in the APAC region.
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Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Product Outlook
2.3. Claim Outlook
2.4. Packaging Outlook
2.5. Distribution Channel Outlook
2.6. Regional Outlook
2.7. Competition Outlook
Chapter 3. Soybean Meal Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Raw Material Outlook
3.2.2. Manufacturing and Technology Outlook
3.2.3. Profit Margin Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Market Opportunities
3.3.4. Market Challenges
3.4. Industry Analysis - Porter’s Five Forces Analysis
3.5. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Demographics Analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Key Observations & Findings
Chapter 5. Soybean Meal Market: Nature Estimates & Trend Analysis
5.1. Nature Movement Analysis & Market Share, 2023 & 2030
5.2. Conventional
5.2.1. Conventional market estimates and forecast, 2017 - 2030 (USD Billion)
5.3. Organic
5.3.1. Organic market estimates and forecast, 2017 - 2030 (USD Billion)
Chapter 6. Soybean Meal Market: End-use Estimates & Trend Analysis
6.1. End-use Movement Analysis & Market Share, 2023 & 2030
6.2. Food & Beverages
6.2.1. Soybean meal market estimates and forecast, by food & beverages, 2017 - 2030 (USD Billion)
6.3. Animal Feed
6.3.1. Soybean meal market estimates and forecast, by animal feed, 2017 - 2030 (USD Billion)
6.3.1.1. Soybean meal market estimates and forecast, by poultry feed, 2017 - 2030 (USD Billion)
6.3.1.2. Soybean meal market estimates and forecast, by swine feed, 2017 - 2030 (USD Billion)
6.3.1.3. Soybean meal market estimates and forecast, by aquaculture feed, 2017 - 2030 (USD Billion)
6.3.1.4. Soybean meal market estimates and forecast, by other animals feed, 2017 - 2030 (USD Billion)
6.4. Industrial Use
6.4.1. Soybean meal market estimates and forecast, by industrial use, 2017 - 2030 (USD Billion)
Chapter 7. Soybean Meal Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2023 & 2030
7.2. North America
7.2.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.2.2. U.S.
7.2.2.1. Key country dynamics
7.2.2.2. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.2.3. Canada
7.2.3.1. Key country dynamics
7.2.3.2. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.2.4. Mexico
7.2.4.1. Key country dynamics
7.2.4.2. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.3. Europe
7.3.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.3.2. Germany
7.3.2.1. Key country dynamics
7.3.2.2. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.3.3. UK
7.3.3.1. Key country dynamics
7.3.3.2. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.3.4. France
7.3.4.1. Key country dynamics
7.3.4.2. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.3.5. Italy
7.3.5.1. Key country dynamics
7.3.5.2. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.3.6. Spain
7.3.6.1. Key country dynamics
7.3.6.2. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.4.2. China
7.4.2.1. Key country dynamics
7.4.2.2. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.4.3. India
7.4.3.1. Key country dynamics
7.4.3.2. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.4.4. Japan
7.4.4.1. Key country dynamics
7.4.4.2. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.4.5. Indonesia
7.4.5.1. Key country dynamics
7.4.5.2. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.4.6. Vietnam
7.4.6.1. Key country dynamics
7.4.6.2. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.5. Central & South America
7.5.1.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.5.2. Brazil
7.5.2.1. Key country dynamics
7.5.2.2. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2017 - 2030 (USD Billion)
7.6.2. South Africa
7.6.2.1. Key country dynamics
7.6.2.2. Market estimates and forecast, 2017 - 2030 (USD Billion)
Chapter 8. Competitive Analysis
8.1. Recent developments & impact analysis, by key market participants
8.2. Company Categorization
8.3. Participant’s Overview
8.4. Financial Performance
8.5. Nature Benchmarking
8.6. Company Market Share Analysis, 2023 (%)
8.7. Company Heat Map Analysis
8.8. Strategy Mapping
8.9. List of key companies analyzed in this section include:
8.9.1. The Scoular Company
8.9.2. Kohinoor Feeds and Fats Pvt. Ltd.
8.9.3. AdamPolSoya
8.9.4. Louis Dreyfus Company B.V.
8.9.5. Perdue Farms
8.9.6. Agrocorp International Pte Ltd
8.9.7. Yihai Kerry Investments Co., Ltd.
8.9.8. Nordic Soya Ltd.
8.9.9. Irwing Soya
8.9.10. Wilmar International

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