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.
Asia Pacific will dominate the organic soymeal market (in terms of value and volume both) with more than 35% of the market share and it is projected to reach a market value of more than USD 200 million at a CAGR of 18.15% by 2022. Latin America is projected witness a high growth rate of 18.25% during the given period owning to high production volume of soybean in the region. Rising demand for organic ingredients in animal feed has also been playing a key role in the growth of the global organic soymeal market from last few years. Furthermore, high demand for healthy chemical-free protein contain food products has increased the sale of organic soymeal on the global level owning to its high nutritional value.
On the basis of application, application of organic soymeal for human food will dominate the market and is projected to hold a lion’s 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.
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.)
Study Objectives of Organic Soymeal Market Forecast till 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
Target Audience: Organic soymeal manufacturers Organic soymeal feed manufacturers Retailers and wholesalers Traders, importers and exporters
Key Findings: Global Organic Soymeal market is projected to reach USD 623.31million by 2022 at a growth rate of 17.98% Latin America will experience the highest growth at a rate of 18.25% during the given forecast period Application of organic soymeal for human food use is projected to have the highest growth rate of 18%
