Organic Soymeal Market 1

Organic Soymeal has witnessed continued demand is projected to reach
USD 623.31 million at a CAGR of 17.98% by 2022
Organic Soymeal Market Research Report -
Forecast to 2022
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Organic Soymeal has witnessed continued demand is projected to reach
USD 623.31 million at a CAGR of 17.98% by 2022
Market Insights
Soy has increasingly become a vital crop in agriculture due to its diverse use in the
food & beverage industry. Soymeal or soybean meal is used in both human and
animal food production. In animal feed, soymeal is a principal protein supplement
which also behaves as a source of energy. Soymeal is a leftover product from the
extraction of soybean oil. The soymeal is often treated to denature certain elements
to promote protein digestion without issue in animal husbandry. Roughly 98% of
soymeal is used as animal feed with the remaining being used for soy flour and other
products which are consumed by humans. Market Research Future has spent
valuable resources in toward the study of the global Organic Soymeal Industry
Demand, the findings of which reveal the growth of the global market at a CAGR
of 17.98% during the forecast period between 2016 and 2022. The global organic
soymeal market is on track to reach an estimated evaluation of USD 623.31 Mn by
the end of 2022.
The high nutritional value of organic soymeal and its important role in ensuring
adequate protein intake in animals has been a key driver supporting the growth of
the global soymeal market. A large majority of soymeal is used in poultry feed among
other animals; a smaller amount is also used in the production of fish feed and pet
food. Rising demand for dairy and meat products in a global environment with a
rapidly expanding population is expected to drive the growth of the market.
Consumers are becoming increasingly aware of the food they consumer and the
resulting focus on health consciousness has driven the demand for organically fed
animal products. In products for human consumption, the growing demand for dairy
alternatives has driven demand for soy milk which uses soy flour in the basis.
Key Players
Soni Soya Products Pvt Ltd, Sapthsathi Organic Agriculture project (S.O.A.P.), Perdue
Farms, Pilgrim's Pride, Grain Millers Inc., AFG Brasil S/A, and Tyson Foods Inc. are
among the noted market players that have been included in MRFR's review of the
global organic soymeal market.
Market Segmentation
The global organic soymeal market has been segmented based primarily on
application, and region in MRFR's detailed report. Applications of soymeal
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Organic Soymeal has witnessed continued demand is projected to reach
USD 623.31 million at a CAGR of 17.98% by 2022
have been segmented to include human food and animal food. The human food
application of organic soymeal has captured the largest share of the market at a
share of more than 95%. This is primarily due to the increasing health consciousness
among consumers combined with a resulting focus on organic products. The
importance of organic animal feed has also resulted in rapid growth for the animal
feed segment over the assessment period.
Regions that MRFR has covered in its report on the global organic soymeal market
include Latin America, Asia Pacific, Europe, North America, and the Middle East &
Africa.
For More Information @
https://www.marketresearchfuture.com/reports/organic-soymealmarket-4217
Regional Analysis
With regards to both market value and volume, the Asia Pacific has captured more
than 35% of the global organic soymeal market. As such, the APAC region has
acquired a leadership role in the global market with a projected CAGR of 18.15%
during the review period. The APAC market will approximately reach a market value
of more than USD 200 Mn by the end of 2022. The region has a substantial production
volume of soybean in the market. The region has also been displaying an increasing
demand for organic ingredients in animal feed, thus driving the market. Latin
America is expected to witness a high rate of growth over the forecasted period at
18.25% during the assessment period. The region has a large animal husbandry
industry and is a significant meat eating region where organic animal feed is receiving
increasing attention.
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Organic Soymeal has witnessed continued demand is projected to reach
USD 623.31 million at a CAGR of 17.98% by 2022
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Copyright © 2017 Market Research Future.