Organic Soymeal Market to Witness a CAGR of 14.56%, Valued at USD...

Soymeal, a crucial product derived from soybeans, is recognized for its high nutritional value, rendering it suitable for direct consumption. The production of Organic Soymeal involves the utilization of organically grown soybeans, aligning with the increasing preference for organic ingredients. Given its protein richness, Soymeal is particularly favored by the expanding population of health-conscious consumers, contributing to its widespread adoption as a potent protein supplement globally.

A noteworthy trend is the substantial market share of soy-derived chemical-free food products within the Soymeal sector, especially prominent in the Asia Pacific region. The overarching shift towards health-focused dietary habits among consumers is a key driver for the Organic Soymeal market.

Latest Industry Developments:

In November 2020, China’s Dalian Commodity Exchange (DCE) urged regulators to approve the launch of soybean meal options and introduce a hog futures contract, expanding its agricultural product offerings.
In January 2020, the National Commodity and Derivatives Exchange Ltd. (NCDEX), India’s leading commodity exchange, initiated trading in soybean meal, with plans to further expand its product range.

In April 2020, companies Algar Agro and Ibersan, both based in Uberlândia, MG, joined forces to introduce FORTPASS, a soybean bran with a by-pass effect, targeted at the ruminant feed market. This product, featuring vegetable extracts and leaving no residues in milk, dairy products, or meat, reflects a strategic move to offer a protein-protected solution.

Global Organic Soymeal Market — Competitive Landscape: The complex certification process has limited product launches in the organic soymeal market. Major companies are investing in R&D to maintain a competitive edge, with a focus on acquiring small players to expand their business and penetrate the global organic Soymeal market. Expansion remains a key strategy for capturing a significant market share and increasing production capacity to meet rising consumer demand, thus contributing to revenue growth.

Key players in the global organic soymeal market include:

Sapthsathi Organic Agriculture Project (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.)

Global Organic Soymeal Market — Segments

Organic Soymeal Market to Witness a CAGR of 14.56%, Valued at USD 823.7 Million by 2030"

Organic Soymeal Market Outlook