Organic Soymeal Market Size, Share, Growth, and Industry Analysis by Type (Full-Fat Soymeal, Defatted Soymeal), By Application (Food Industry, Feed Industry), Regional Forecast To 2031

Updated On: 29 April 2024

Organic Soymeal Market REPORT OVERVIEW

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global organic soymeal market size was USD 403.8 Million in 2022 and market is projected to touch 967.7 Million by 2031, exhibiting a CAGR of 10.2% during the forecast period.

Organic Soymeal is derived from soybeans after removing the oil. People have become more aware of the nutritional benefits of soybean meal hence consumption has increased as it contains lot of protein. The health benefits that soybean meal concentrate provides when used in animal feeds are appreciated by livestock, aquaculture producers which is expected to boost the growth of the soymeal market during the forecast period.

The market is segmented into Full-Fat Soymeal and Defatted Soymeal. Full-Fat Soymeal is a high-protein organic meal that can be used as an ingredient for human food and animal feed uses. Full-Fat Soymeal is a type of soy product that has been ground to a powder. It can also be used as a replacement for dairy foods. Defatted soymeal is a meal produced by removing most of the oil from defatted soybeans through deport process. On the basis of market segmentation, the market is segmented by application into food and beverages, animal feed, others. Organic soybean is grown following organic farming standards, preserving their natural composition as it is high in nutritional value. Organic soymeal is high in demand in animal feed, food business hence government regulations include using organically seed for irrigation, not synthetic fertilizers or pesticides. The animal feed industry segment held the highest revenue share in the soybean meal market.

Organic food consumption is growing rapidly worldwide in the form of oil, meal, protein, and other products. It can be used in cooking like packaged foods and tofu. It can also be used to replace dairy products due to their nutritional content and usefulness in cooking uses. Vegan diets, vegetarian soy foods, dairy replacement products, and meat equivalents are uses of organic soymeal. Miscellaneous uses of soymeal and high availability allover worldwide are major motivating factor of organic soymeal market. The presence of more health-conscious people in the region are rising due to incidence of cardiovascular diseases, obesity, diabetes, high cholesterol levels, and high blood pressure hence the trend of consuming more organic and natural food is increasing to maintain healthy lifestyle. Thus they are more motivated towards consumption of foods that are plant based protein. Since soybeans are used in the production of biodiesel there has been a rise in the demand for biodiesel globally as a major replacement for conservative diesel and gas.

COVID-19 Impact: various government regulation hampered market growth during lockdown

The production of organic soymeal hampered in several nations due to government regulations. As numerous people losing their jobs most people were unable to afford expensive food products thus demand for organic soymeal was lesser during the pandemic.

LATEST TREND

"Consumption of organic food enriching healthy lifestyle to propel market growth"

The international organic soymeal industry has promoted several new trends and opportunities. Vendors are focusing on partnerships with local traders and department stores since they know the market forces of demand and supply. Due to increase in demand for organic chicken the demand for organic based soybean is increasing among feed manufactures to produce organic chicken. Hence trend for consuming organic and natural food is increasing due to many health issues. Since soybeans are used in the production of biodiesel there has been a rise in the demand for biodiesel globally as a major replacement for conservative diesel and gas. Thus this served as driving factor in the organic soymeal market.

Organic Soymeal Market SEGMENTATION

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• By Type

Depending on organic soymeal market given Full-Fat Soymeal, Defatted Soymeal.

Full-Fat Soymeal is the leading part of the type segment.

• By Application Analysis

According to application, the market can be segmented into Food Industry, Feed Industry.

Food Industry is the leading part of the application segment.

Driving Factors 

"Increase in high protein and chemical free commodity to improve growth"

Increasing demand for high protein and chemical free farmed commodities is facilitating the market growth of organic soymeal market in worldwide platform. High nutritional value of organic soymeal and major application as a protein supplement due to high protein content is likely to drive the universal organic soymeal market over the forecast period. High demand for defatted soybean meal is predicted to further push the growth of organic soymeal market.

"Growing need for animal feed to drive growth in the market"

The animal feed sector places the largest demand on soymeal. Daily feeding of soymeal is necessary for dairy animals like cows & buffalo as it increases their ability to produce milk. Governments are concentrating on developing beneficial regulations & standards to promote the product. The demand for organic meat products in the worldwide meat market is growing at a promptly and for producing organic meat there is obligation of feeding organic feed and pet food for animals.

Restraining Factors

"Price instability to deplete the market"

Due to Irregularity in climate change crops are affected because of critical and uneven rainfall patterns which creates direct impact on the production of organic soymeal. Hence, the major challenges for organic soymeal market is price instability of soybean due to climatic changes.

Organic Soymeal Market Regional Insights

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"Asia Pacific to dominate the market growth owing to the rising knowledge of nutrition"

Asia-Pacific dominated the market with the largest soymeal market share during the forecast period. The demand for organic soymeal is increasing at a rapid growth owing to increased knowledge of various nutritional demand. The presence of more health-conscious people in the region are rising due to incidence of cardiovascular diseases, obesity, diabetes, high cholesterol levels, and high blood pressure hence the trend of consuming more organic and natural food is increasing to maintain healthy lifestyle. Thus they are more motivated towards consumption of foods that are plant based protein.

Key Industry Players

"Key Players Focus on New technology to drive growth"

The implementation of new technologies and innovative solutions will drive the market's revenue generation and increase its market share. Increasing demand for high-protein chemical-free agricultural commodities is facilitating the growth of soymeal market as demand for animal feed increases worldwide and more people are becoming aware of the benefits of organic foods, there has been an increase in demand for organic soybeans which will drive the market growth.

List of Market Players Profiled

• Sapthsathi Organic Agriculture Project (India)
• Soni Soya Products (India)
• AFG Brasil (Brazil)
• Grain Millers (U.S.)
• Perdue Farms (U.S.)
• Tyson Foods (U.S.)
• Pilgrim's Pride (U.S.)

Report Coverage

As per the report the worldwide market for organic soymeal has been witnessing continued demand during the forecast period owing to rising population of consumers adopting organic and healthy food consumption trends. Report covers the market scene and its growth prospects over the coming years. Key players, major collaborations, merger & acquisitions along with trending innovation and business policies are appraised in the report. The report indicates the region that is expected to witness the fastest growth as well as to dominate the market.