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Market Research Future published a Cooked Research Report (CRR) on Global Organic Soymeal Market, which is estimated to grow at a CAGR of 17.98% during the forecast period 2017-2022
The Global Market for Organic Soymeal has witnessed continued demand during the last few years and is projected to reach USD 623.31 million at a CAGR of 17.98% by 2022. High nutritional value of organic soymeal and major application as a protein supplement due to high protein content is likely to drive the global organic soymeal market over the forecast period. Additionally, high demand for defatted soybean meal is anticipated to further propel the growth of soybean meal market.
On the basis of application, application of organic soymeal for human food will dominate the market and is projected to hold a lionís share of more than 95% in the global market. Increasing health consciousness among the consumers is one of the major drivers organic soymeal market. Rising awareness about the health benefits of organic food products is likely to influence the growth of this market, positively. Animal feed based application of organic soybean is also projected to grow at a high rate during the given forecast period.
The major key players in organic Soymeal are
- Grain Millers Inc. (U.S.)
- Perdue Farms (U.S.)
- Soymeal market are: Sapthsathi Organic Agriculture project (S.O.A.P.) (India)
- Soni Soya Products Pvt Ltd (India)
- AFG Brasil S/A (Brazil)
- Tyson Foods Inc. (U.S.)
- Pilgrim’s Pride (U.S.)
Key players are focused majorly on acquisition of small players to expand their business and penetrate the global organic Soymeal market. Expansion is also one of the key strategies followed by acquisition. Expansion will help in capturing the major market and increasing the production capacity to meet the rising demand from consumerís end thereby further contributing to increasing revenue. Acquisition and expansions are evaluated to be contributing to more than 35% of strategy share and is facilitating the companies to penetrate the potential market across globe.
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The global market for organic soymeal have witnessed continued demand during the last few years and is projected to reach USD 623.31 million by 2022. Developing economy and consumersí adoption of sustainable development trends are likely to drive the organic soymeal market share in the countries of the developed regions. Higher inclination of consumes towards chemical-free protein supplements has a positive impact on this market. Increasing disposable income and technological strides facilitating agricultural productivity are also likely to have a positive impact on its market growth.
Based on the application, share of soymeal as food for human consumption is expected to witness the highest growth rate (~18%) on a global level. Food based application of organic Soymeal will hold a significant share and will also witness a steady growth during the given forecast period. Feed based application also holds a significant share and is likely to experience a high growth rate during the given period.
Study Objectives of Organic Soymeal Market Forecast to 2022
- Detailed analysis for individual micro and macro markets for organic soymeal
- To estimate market size by application and region
- To understand the supply and demand dynamics of organic soymeal
- To provide region level market analysis and future outlook for U.S., Brazil, Russia, China and others
- Company profiling of major players and competitive positioning for the organic soymeal market
- Value chain analysis and supply chain analysis of organic soymeal
- Analysis of historical market trends and technologies, and current government regulatory requirements related to organic soymeal market
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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