Organic Soymeal Market Overview:
Organic soybean is produced through organic farming, and the natural content remains the same. It has similar nutritional content grown under strict regulations initiated by government regulatory bodies.
The growing health concern among the developed countries is the rising demand for organic foods. Therefore, the demand from the organic food and feed industries is chiefly driving the Organic Soymeal Market. The awareness among the consumers for understanding the health benefits of organic food as consumers is enhancing the market’s growth. The trend of organic food consumption concerning serious health problems like diabetes, obesity, and blood pressure is propelling consumers to opt for organic food with no chemical additives. Therefore, the rise in the number of consumers being health conscious is leading to the consumption of organic products. This factor is emerging the market with great opportunities. Especially the regions such as North America and Western European countries are highly adopting the organic foods. Different organic soybean in processed forms includes organic soybean oil, organic soybean protein, organic soybean meal, and others.
The Organic Soymeal Industry by Type will witness a CAGR of 14.56% and a value of USD 823.7 million in the forecast period between 2022 to 2030.
Key Players:
Some of the leading players in the global organic Soymeal market 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.)
Regional Analysis:
The Organic Soymeal Market is showing its major growth and development in the prominent regions such as North America, the Latin American region, Europe, Asia Pacific, and the Middle East Africa.
The Asia Pacific region is the leading market region as it holds the largest market share and is estimated to reach a good Soybean Size market valuation. Followed by the Asia Pacific, Latin America is also witnessing the highest growth rate due to the higher production rate of organic soybean. The demand for organic ingredients in animal feeds is driving the market in the regions. The demand across the world for the consumption of chemical-free protein is driving the sales of organic food. This is driving the global Organic Soymeal Market in the forecast period.
What is Segmentation of Organic Soymeal Industry?
Organic Soymeal Industry Segmented by Application, and by region
Organic Soymeal Market Segments:
The Organic Soymeal Market is segmented into application, end products, and distribution channels.
The market is classified into cosmetics, pharmaceutical food and beverage, personal care, animal feed, pet food, and others in the application segment. The demand for organic soybean among the animal feed and pet food manufacturers is higher. The demand for organic soybean meat is increasing at a higher pace.
The end-product segment is categorized into protein, oil, whole, meal, and others. The growing demand for organic meals followed by organic soybean oil among food manufacturers is accelerating the segment’s growth.
The distribution channel of the market is divided into direct sales and indirect sales channel distribution. The indirect sales include channels such as retailers, online retail stores, modern retail formats, convenience stores, and others.
Industry News:
India’s organic soybean meal is gaining traction with huge demand and has increased its exports to the US, despite growing resistance to genetically modified crops in the United States.
The Solvent Extractors’ Association of India (SEA) revealed that India exported over 93,000 tonnes of organic soybean meal from April to August 2020. This is 11 percent higher than about 84,000 tonnes which were exported in the same period last year.
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