Clean Label Natural Ingredients Market
Rising Global Demand for Animal Protein Drives Feed Industry Growth
The expanding world population, combined with higher disposable incomes in developing markets, has driven overall consumption of animal-based protein, particularly poultry, pork, and aquaculture, sharply higher. This directly fuels demand for animal feed, with soybean meal serving as a keystone ingredient based on its higher amino acid profile and high protein content. For instance, the Food & Agriculture Organization of the United Nations forecasts sustained expansion in international meat production, with chicken and pork at the forefront of the increase. According to the USDA, broiler meat production is steadily on the rise, with a continued need for a steady supply of good-quality protein sources such as soybean meal. The cost-effectiveness and efficacy of soybean meal for enhancing feed conversion ratios and enhancing fast animal growth make it very important for livestock and poultry producers in their effort to address this rising consumer demand.
Growth of Biofuel Production and Its Co-product Impact on Soybean Meal Supply
The dramatic growth of the biofuel industry, specifically renewable diesel in countries such as North America and Europe, has a profound impact on the soybean meal market. Soybean is an important feedstock for renewable diesel production. Crushing soybeans to press out oil for biofuel produces soybean meal as a by-product. With policies and incentives spurring more biofuel production, more soybeans are crushed, thus leading to greater supplies of soybean meal. For instance, the United States Renewable Fuel Standard (RFS) and state-level clean fuel programs have stimulated significant investment in soybean crushing capacity. The U.S. Department of Agriculture (USDA) states an encouraging surge in soybean crush volumes as a direct result of increased soybean oil demand in renewable fuel production, leading to the availability of a sufficient supply of soybean meal for the animal feed and other markets.
Increasing Use of Sustainable and Non-GMO Soybean Meal in High-Tier Markets
The growing sustainable and non-genetically modified (non-GMO) soybean meal, fuelled by rising consumer awareness and demand for responsibly sourced and natural food products offers ample opportunities for market growth. The increasing trend is witnessed in animal feed, with livestock producers in the premium segments, specifically in Europe and some regions of North America, demanding non-GMO and sustainably certified feed ingredients. Governments and regulatory agencies are also enforcing tighter requirements on agriculture sustainability and traceability. For instance, the European Union's deforestation-free law is insisting on more transparency in agri-food supply chains. This is creating a clear niche for suppliers who can offer certified non-GMO & sustainable soybean meal, which enables them to charge a premium price & serve a quality-conscious customer base, driving market differentiation and expansion.
Diversification of Soybean Meal Uses beyond Conventional Animal Feed
Although animal feed is still the largest use, there are real opportunities for expanding soybean meal utilization to new industrial and food-grade uses. New processing technology is making it possible to extract high-value specialized protein fractions from soybean meal, which is creating opportunities for its application in human food products like plant-based meat alternatives, dairy alternatives, and protein supplements. Additionally, the natural properties of soybean meal render it appropriate for industrial uses such as bio-based adhesives, lubricants, and even building materials. The US Department of Energy (DOE) and other research centers are presently undertaking and sponsoring projects for novel bio-based materials from farm by-products such as soybean meal. This diversification expands the market opportunity for soybean meal, lessening dependence on the unstable animal feed industry & opening up new profit avenues for producers.
The following Key Market Indicators present a comprehensive overview of the social and economic landscape of the selected region, offering critical insights into market-specific trends and developments. These indicators, combined with data from government statistics, industry associations, and corporate sources, form the analytical foundation of NextGen Intelligence Stats' market models.
| Aspects | Details |
Base Year
|
2024 |
Historic Data
|
2021-2023 |
Forecast Period
|
2025-2035 |
Regions & Countries Covered
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North America (United States, Canada), Europe (Germany, France, Italy, United Kingdom, Spain, Rest of Europe), Asia Pacific (China, Japan, South Korea, India, Rest of Asia Pacific), Latin America (Brazil, Argentina, Rest of Latin America), Middle East& |
Companies Profiles
|
|
Segmentation Level Customization
|
Additional Segments and Sub Segment |
Company Level Customization
|
Market share analysis at country levels |
Country level Data Customization
|
Segmental volume analysis Pricing Analysis of Product Company Market Share |
August 2023: Agrocorp International introduced its plant-based cheese product "HerbYvore Just Like Cheese," in Singapore. This new move is an extension of the company's diversification into plant-based food items using soy as a main ingredient, thus broadening the scope of application for soybean derivatives.
July 2023: The United Soybean Board (USB) with farmer-leaders from Minnesota Soybean Processors had approved a considerable budget of $191.5 million for their 2024 budget year. Part of this budget is allocated for raising soybean meal inclusion rates for poultry, pig, dairy, and aquaculture industries, reflecting a concerted drive to stimulate demand for soybean meal through promotion and research.
May 2023: Donau Soja welcomed AdamPolSoya (Ukraine) as a new Europe Soya Partner. AdamPolSoya's processing facility successfully passed Europe Soya certification, making their soybean meal products non-GMO, European-origin, sustainable, traceable, and conversion & deforestation-free. The partnership enables the supply of high-quality, sustainably certified soybean meal to the European market to respond to growing consumer and regulatory expectations.
February 2024: Amfora, a sustainable foods company, debuted its initial commercial products: Amfora Ultra-High Protein Soy flour, Texturized Vegetable Protein, and Crisps. They utilize the patented soybeans of Amfora, which have nearly 25% more protein than traditional soybeans, highlighting ingenuity in high-protein soy derivatives and opening up market for value-added soybean meal products for human use.
The soybean meal market is moderately concentrated, with the combination of multinational agribusiness giants and regional firms competing in major production and consumption markets. Competition is largely focussed on product quality, price stability, reliability of supplies, and adherence to international safety and sustainability standards. Processing innovations to enhance protein content and diminish anti-nutritional factors are also emerging as competitive differentiators. Additionally, volatile global prices for soybeans, geopolitics of trade, and change toward sustainable, non-GMO feedstocks are transforming market strategies. Companies are turning their attention more towards vertical integration, supply chain digitization, and collaborations to achieve competitiveness in the market that is shaped significantly by feed demand, biofuel regulation, and weather-related effects on agricultural production.
• Mahesh Agro Food Industries
• Louis Dreyfus Company B.V.
• Bunge Limited
• Mamta Hygiene Products Pvt. Ltd.
• Nordic Soya Ltd.
• Mukwano Industries Uganda Ltd.
• Gujarat Ambuja Exports Limited
• AdamPolSoya
• Wudi Deda Agriculture Co. Ltd.
• Agrocorp International Pte Ltd
• Shafer Commodities Inc.
• Denofa AS
• Kohinoor Feeds and Fats Ltd.
• Minnesota Soybean Processors
• Granol Indstria Comrcio e Exportao S/A
• DHN International
• Gauri Agrotech Products Pvt. Ltd.
• The Scoular Company
• CHS Inc.
• Kemin Industries, Inc.
• Others
The Global Soybean Meal Market is anticipated to maintain a strong growth trajectory, increasing from US$ 131.89 billion in 2024 to US$ 246.73 billion by 2035, fuelled by a CAGR of 5.7%.
Soybean Meal Market CAGR of 5.7% The major stimulants for soybean meal demand are the increasing global consumption of animal protein
Rising Global Demand for Animal Protein Drives Feed Industry Growth, Growth of Biofuel Production and Its Co-product Impact on Soybean Meal Supply, Increasing Use of Sustainable and Non-GMO Soybean Meal in High-Tier Markets, Diversification of Soybean Meal Uses beyond Conventional Animal Feed
North America is forecasted to grow at highest pace in the soybean meal market, acquiring 38.33% share in 2024.
1.1. Introduction
1.2. Report Description & Objective
1.3. Assumption And Limitation
2.1. Data Collection
2.2. Primary Research & Secondary Research
2.3. Bottom-Up Approach & Top-Down Approach
2.4. Market Analysis & Size Estimation
2.5. Quality Check & Final Review
3.1. Report Scope
3.2. Executive Summary
4.1. Top Trends To Watch
4.2. Top Strategies Followed By Key Players
4.3. Top Investment Pockets
5.1. Market Definition
5.2. Market Drivers
5.3. Market Restraints & Challenges
5.4. Market Opportunities
6.1. Porter’s Five Forces’ Analysis
6.2. Value Chain Analysis / Supply Chain Analysis
6.3. PESTLE Analysis
6.4. Regulatory Landscape
6.5. Pricing Analysis
7.1. Global Soybean Meal Market, By Raw Material
7.2. Global Soybean Meal Market Attractiveness, By Raw Material
7.2.1. Organic
7.2.2. Inorganic
8.1. Global Soybean Meal Market, By Process of Production
8.2. Global Soybean Meal Market Attractiveness, By Process of Production
8.2.1. Normal Soya Bean Meal
8.2.2. De-Hulled Hipro Soya Bean Meal
8.2.3. Defatted Soya Flour Toasted
8.2.4. Defatted Soya Flake Toasted
9.1. Global Soybean Meal Market, By Application
9.2. Global Soybean Meal Market Attractiveness, By Application
9.2.1. Food Industry
9.2.2. Beverage
9.2.3. Dietary Supplements
9.2.4. Health Care Products
10.1. Global Soybean Meal Market, By Distribution Channel
10.2. Global Soybean Meal Market Attractiveness, By Distribution Channel
10.2.1. Supermarket
10.2.2. Specialized Stores
10.2.3. Online Stores
10.2.4. Retail Stores
11.1. Global Soybean Meal Market, By Geography
11.2. Global Soybean Meal Market Attractiveness, By Geography
11.2.1. North America
11.2.2. Europe
11.2.3. Asia Pacific
11.2.4. Middle East & Africa
11.2.5. Latin America
12.1. North America Market Overview, By Countries
12.2. North America Market Overview, By Raw Material
12.3. North America Market Overview, By Process of Production
12.4. North America Market Overview, By Application
12.5. North America Market Overview, By Distribution Channel
12.5.1. United States
12.5.2. Canada
13.1. Europe Market Overview, By Countries
13.2. Europe Market Overview, By Raw Material
13.3. Europe Market Overview, By Process of Production
13.4. Europe Market Overview, By Application
13.5. Europe Market Overview, By Distribution Channel
13.5.1. Germany
13.5.2. France
13.5.3. UK
13.5.4. Italy
13.5.5. Spain
13.5.6. Rest of Europe
14.1. Asia Pacific Market Overview, By Countries
14.2. Asia Pacific Market Overview, By Raw Material
14.3. Asia Pacific Market Overview, By Process of Production
14.4. Asia Pacific Market Overview, By Application
14.5. Asia Pacific Market Overview, By Distribution Channel
14.5.1. India
14.5.2. China
14.5.3. Japan
14.5.4. South Korea
14.5.5. Rest of Asia Pacific
15.1. Middle East & Africa Market Overview, By Countries
15.2. Middle East & Africa Market Overview, By Raw Material
15.3. Middle East & Africa Market Overview, By Process of Production
15.4. Middle East & Africa Market Overview, By Application
15.5. Middle East & Africa Market Overview, By Distribution Channel
15.5.1. GCC
15.5.2. South Africa
15.5.3. Rest of Middle East & Africa
16.1. Latin America Market Overview, By Countries
16.2. Latin America Market Overview, By Raw Material
16.3. Latin America Market Overview, By Process of Production
16.4. Latin America Market Overview, By Application
16.5. Latin America Market Overview, By Distribution Channel
16.5.1. Brazil
16.5.2. Argentina
16.5.3. Rest of Latin America
17.1. Key Developments
17.1.1. Partnerships, Collaborations, Agreements
17.1.2. Mergers & Acquisitions
17.1.3. New Product Developments
17.1.4. Other Developments
17.2. Company Share Analysis
17.3. Company Profiles
17.3.1. Mahesh Agro Food Industries
17.3.1.1. Company Overview
17.3.1.2. Product Overview
17.3.1.3. Financial Insights
17.3.1.4. Recent Developments
17.3.1.5. SWOT Analysis
17.3.2. Louis Dreyfus Company B.V.
17.3.3. Bunge Limited
17.3.4. Mamta Hygiene Products Pvt. Ltd.
17.3.5. Nordic Soya Ltd.
17.3.6. Mukwano Industries Uganda Ltd.
17.3.7. Gujarat Ambuja Exports Limited
17.3.8. AdamPolSoya
17.3.9. Wudi Deda Agriculture Co. Ltd.
17.3.10. Agrocorp International Pte Ltd
17.3.11. Shafer Commodities Inc.
17.3.12. Denofa AS
17.3.13. Kohinoor Feeds and Fats Ltd.
17.3.14. Minnesota Soybean Processors
17.3.15. Granol Indstria Comrcio e Exportao S/A
17.3.16. DHN International
17.3.17. Gauri Agrotech Products Pvt. Ltd.
17.3.18. The Scoular Company
17.3.19. CHS Inc.
17.3.20. Kemin Industries, Inc
Data Collection
Primary Research & Secondary Research
Bottom-Up Approach & Top-Down Approach
Market Analysis & Size Estimation
Quality Check & Final Review
By Raw Material
• Organic
• Inorganic
By Process of Production
• Normal Soya Bean Meal
• De-Hulled Hipro Soya Bean Meal
• Defatted Soya Flour Toasted
• Defatted Soya Flake Toasted
By Application
• Food Industry
• Beverage
• Dietary Supplements
• Health Care Products
By Distribution Channel
• Supermarket
• Specialized Stores
• Online Stores
• Retail Stores
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