Organic Soymeal Market Insights:
The Global Organic Soymeal Market is anticipated to rise at a 14.56% CAGR and is estimated to be worth USD 823.7 Million by the end of 2030.
Organic soybean is produced by adhering to the standards of organic farming and assuring that their natural content remains the same. Organic soybean is amended with nutritious content and organic soybean are grown under strict regulation imposed by government regulatory bodies, which includes organically generated seed for irrigation, no application of synthetic fertilizers and pesticides, and complete records of input and operation.
Soybean meal is exercised in food and animal feeds, mostly as a protein supplement, but also as a source of metabolizable energy. Some, but not all, soybean meal is generated from the remains left after oil extraction. Oil is used mainly in food, but also for industrial oils, soaps, and biodiesel involves crushing and either pressing or solvent extraction.
The high nutritional value of organic soymeal and its substantial application as a protein supplement due to its high protein content is likely to push the global Organic Soymeal Market Insights over the forecast period. Furthermore, the high demand for defatted soybean meals is expected to further drive the growth of the soybean meal market.
Market Segmentation:
The Global Organic Soymeal Market is segmented by application, end-product, and distribution channel.
By application
- Food and beverage
- Personal care and cosmetics
- Pharmaceutical
- Animal feed and pet food
- Others
By end-product
- Whole
- Protein
- Oil
- Meal
- Others
By distribution channel
- Direct sales channel-
- Indirect sales channel- Modern retail formats, convenience stores, retailers, online retail stores, and others.
Regional Analysis:
The Global Organic Soymeal Market Outlook is segmented into five regions: North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
Asia Pacific will rule the organic soymeal market (in terms of value and volume both) with more than 35% of the market share and it's estimated to reach a market value of more than USD 200 million at a CAGR of 18.15% by 2022. Latin America is estimated to witness a lofty growth rate of 18.25% during the given period owing to the high production volume of soybean in the region. The increasing demand for organic ingredients in animal feed has also been disporting a key role in the growth of the global organic soymeal industry over the last few years. Additionally, the towering demand for healthy chemical-free protein contains food products has augmented the sale of organic soymeal on the global level owing to its high nutritive value.
The global market for organic soymeal has been attesting to continuous demand during the forecast period owing to the growing population of consumers embracing organic and healthy food consumption trends. In terms of value and volume, Asia Pacific is evaluated to dominate the organic soymeal market holding a share of more than 95%. Also, Latin America will clench the second-largest share in the world organic soymeal market and is estimated to grow at a rate of 18.25%.
Key Players:
The Global Organic Soymeal Market key players are Sapthsathi Organic Agriculture project (S.O.A.P.) (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.).
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