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Soybean Meal Market to record a CAGR of 4.1 percent to reach USD 150.89 Bn by 2029, Regional Insights and Growth Opportunities

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Soybean Meal Market to record a CAGR of 4.1 percent to reach USD 150.89 Bn by 2029, Regional Insights and Growth Opportunities

April 11
19:01 2023
Soybean Meal Market to record a CAGR of 4.1 percent to reach USD 150.89 Bn by 2029, Regional Insights and Growth Opportunities
Soybean Meal Market
Soybean Meal Market size was valued at USD 113.89 Bn. in 2022 and revenue is expected to grow by 4.1% from 2023 to 2029, reaching nearly USD 150.89 Bn.

Pune, 11, April, 2023: As per the “Soybean Meal Market” report, the total market for Soybean Meal is USD 113.89 Bn in 2022 and is expected to reach USD 150.89 Bn by 2029 with a CAGR of 4.1 percent. The report published by Maximize Market research, on the Soybean Meal Market, covers an extensive regional analysis, market dynamics and competitive landscape. 

Soybean Meal Market Report Scope and Research Methodology

The Soybean Meal market report majorly focuses on the market size, shares, regional insights and dynamics. The detailed analysis of Soybean Meal market dynamics includes growth drivers, restraints, major challenges and prevailing opportunities, which guides the clients in investment planning. To estimate the global and regional Soybean Meal market size, the bottom-up approach was used. Both primary and secondary research methods were employed for the Soybean Meal market report. The primary research includes interviews with important opinion leaders and Soybean Meal industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals while the secondary research includes a review of annual and financial reports of leading manufacturers’ government sites, industry journals, white papers, releases of product manufacturers and suppliers in the Soybean Meal industry along with paid and free databases. The Soybean Meal market report includes a list of competitors and a SWOT analysis was used to provide the strengths and weaknesses of these competitors. PORTER, PESTEL analysis was employed to understand the potential impact of macroeconomic and microeconomic factors on the Soybean Meal Market.

Soybean Meal Market Dynamics

In recent years, the market has grown steadily due to the increasing demand for soybean meal in production units. The need to stay healthy among consumers and increasing disposable income are the factors contributing to the market growth. The increasing demand for protein-enriched food from animals and humans is primarily driving the Soybean Meal market growth. During the forecast period, the factor that is expected to create various growth opportunities for the market is the increasing usage of healthcare products and protein drinks. The increasing demand from the pharmaceutical industry is another main factor that is expected to drive the Soybean Meal Market growth during the forecast period.

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Soybean Meal Market Regional Insights

The biggest manufacturer of Soybean meal is in the Asia Pacific region. This is because the countries India and China produce more than 30 percent of the global soybean meal production. In the region, soybean meal is widely used in the larger varieties of products such as health food, cosmetics, bakery products and manufacturing antibiotics.

The North America region is the biggest consumer of dietary food products and health supplements made from soybean meal. The rising number of farm animals and pets in the countries such as Canada and the US is expected to drive the market growth during the forecast period. 

Soybean Meal Market Segmentation

By Source 

  • Organic
  • Conventional


By Application

  • Food Products
  • Beverages
  • Healthcare Products
  • Dietary Supplements
  • Animal Feed
  • Others


By Distribution Channel

  • Supermarket
  • Convenience Store
  • Specialty Store
  • E-Commerce
  • Others


Soybean Meal Market Key Competitors include:

  • Cargill, Inc.(US)
  • Bonne Vie Soybean Meal(US)
  • IDES Corporate(US)
  • Minnesota Soybean Processors(US)
  • Agrocorp International(Singapore)
  • Wudi Deda Agriculture Co., Ltd.(Saudi Arabia)
  • MJI Universal Pvt. Ltd.(Singapore)
  • Agro Ind Group(Romania)
  • Granol Industria(Switzerland)
  • Denofa(Norway)
  • Gimatex Industries Pvt. Ltd.(India)
  • Eco Export(India)
  • Gauri Agrotech Products Pvt. Ltd.(India)
  • Vippy Industries Ltd.(India)
  • Ajanta Soya Limited.(India)
  • Titan Biotech(India)
  • •Mukwano Group(Uganda)
  • Nordic Soya(Finland)
  • Shafer Commodities Inc.(Canada)


Table of Content for Soybean Meal Market: 

  • Global Soybean Meal Market: Research Methodology


  • Global Soybean Meal Market: Executive Summary
  • Market Overview and Definitions
  • Introduction to Global Market
  • Summary
  • Key Findings
  • Recommendations for Investors
  • Recommendations for Market Leaders 
  • Recommendations for New Market Entry


  • Global Soybean Meal Market: Competitive Analysis
  • MMR Competition Matrix
  • Market Structure by region
  • Competitive Benchmarking of Key Players
  • Consolidation in the Market
  • M&A by region
  • Key Developments by Companies
  • Market Drivers
  • Market Restraints
  • Market Opportunities 
  • Market Challenges
  • Market Dynamics
  • PORTERS Five Forces Analysis
  • Regulatory Landscape by region
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America
  • COVID-19 Impact


  • Global Soybean Meal Market Segmentation
  • Global Market, by Source (2021-2029)
  • Global Market, by Application (2021-2029)
  • Global Market, by Distribution Channel (2021-2029)


  • Regional Soybean Meal Market (2021-2029)
  • Regional Market, by Source (2021-2029)
  • Regional Market, by Application (2021-2029)
  • Regional Market, by Distribution Channel (2021-2029)
  • Regional Market, by Country (2021-2029)


  • Company Profile: Key players 
  • Company Overview
  • Financial Overview
  • Global Presence
  • Capacity Portfolio
  • Business Strategy 
  • Recent Developments


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Key questions answered in the Soybean Meal Market are:

  • What is Soybean Meal? 
  • What are the factors driving the global Soybean Meal Market?
  • What are the factors restraining the Soybean Meal Market growth?
  • What are the factors creating new opportunities for the global Soybean Meal Market?
  • What are the Soybean Meal Market segments?
  • Which segment is expected to hold the largest Soybean Meal Market share during the forecast period?
  •  Which segment held the largest Soybean Meal Market share during the forecast period?
  • Which regional Soybean Meal Market is expected to grow at the highest CAGR during the forecast period? 


Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis by Source, Application, Distribution Channel and Region 
  • Competitive Landscape – Profiles of selected key players by region from a strategic perspective 
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis 
  • PORTER’s analysis 
  • Value chain and supply chain analysis 
  • Legal Aspects of business by region
  • Lucrative business opportunities with SWOT analysis 
  • Recommendations 


Maximize Market Research is leading Food and Beverages research firm, has also published the following reports:

Non-GMO Soybean Market – The market size is expected to reach USD 158.8 million by 2029 at a CAGR of 8.05 percent during the forecast period. The market is expected to be driven by rising health concerns and increasing demand for organic food. 

Soybean Derivatives Market – The market size is expected to reach USD 404.46 billion by 2029 at a CAGR of 6.4 percent during the forecast period. The market is expected to be driven by the growing food and beverage industry across the world. 


About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.


Contact Maximize Market Research:

3rd Floor, Navale IT Park, Phase 2

Pune Banglore Highway, Narhe,

Pune, Maharashtra 411041, India

[email protected] 

+91 96071 95908, +91 9607365656

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