Global Soymeal Market 2017-2021

Overview of the global soymeal market

Market research analysts at Technavio predict that the global soymeal market will grow steadily at a CAGR of over 6% by 2021. This market research analysis identifies the rising urbanization and changing consumer lifestyles as the primary growth factors for this market. Though the increased global urbanization has led to improved living standards and higher disposable incomes, the hectic lifestyles have resulted in deteriorating health conditions and lifestyle disorders owing to unhealthy eating habits. This induces the working population to seek high-protein products such as soy products that are convenient and can be consumed on-the-go.

The rising demand for the organic variants of soy products is one of the latest trends that will gain traction in the soymeal market in the coming years. Consumers are lately switching to organically grown soy that is genetically modified (GM) free, due to the increase in the production of GM soy and the rising concerns about the health hazards associated with it. Additionally, the large-scale adoption of meat alternatives, dairy-free products, and organically produced products across the world also increases the demand for soymeal.

Competitive landscape and key vendors

The soymeal market is highly fragmented with the presence of numerous small and large vendors. Vendors compete based on factors such as price, quality, reputation, innovation, and distribution. The intense competition among vendors, coupled with rapid technological changes constitute as significant risk factors for vendor operations. To survive and succeed in this competitive environment, vendors have the need to distinguish their product and service offerings through a clear and unique value proposition.  

The leading vendors in the market are -

• Archer Daniels Midland
• Bunge
• Cargill
• Wilmar International

The other prominent vendors in the market include Gujarat Ambuja Exports, Prestige Group of Industries, Ruchi Soya Industries, SUN AGRI EXPORT, Vaighai Agro, Vippy Industries, and Zeeland Farm Services.

Segmentation by application and analysis of the soymeal market

• Animal feed
• Human consumption

During 2016, the animal feed segment accounted for the major shares of this market. Poultry dominates the soymeal consumption in the animal feed industry. The increase in the production of poultry and swine around the globe will consequently increase the demand for soymeal during the next few years.

Geographical segmentation and analysis of the soymeal market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the market by 2021. China is one of the largest producers of soybean globally and is also the top consumer of the product. The consumers in China are using soymeal to replace other protein sources such as rapeseed, cottonseed, and distillers dried grains. The increasing demand from the animal feed market is one of the major factors driving the growth of the market in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global soymeal market?
• What are the key market trends impacting the growth of the global soymeal market?
• What are the challenges to market growth?
• Who are the key vendors in the global soymeal market?
• What are the market opportunities and threats faced by the vendors in the global soymeal market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global soymeal market?

Technavio also offers customization on reports based on specific client requirement.

Our market research reports for the food and beverage industry follow a detailed data collection methodology and offer an analysis of fast growing market segments like food. This upcoming industry research report on the global soymeal market offers insights into the key trends and emerging drivers influencing the growth of the food industry.

The market research report on the global soymeal market also covers vendors like AG Processing Inc., Archer Daniels Midland Company (U.S.), Bunge Ltd (U.S.), Cargill, Incorporated (U.S.), CHS Inc., Du Pont Nutrition and Health, Louis Dreyfus Commodities Group (The Netherlands), Noble Group Ltd, Ruchi Soya Industries Limited, and Wilmar International Limited (Singapore). By considering the market forecast and size and the surging demand for various food products, the market research professionals at Technavio offer a clear picture of the global soymeal market for the projected period of 2017 to 2021. Additionally, our research practices help clients develop operative growth strategies and keep pace with the constantly changing market landscape. This market study also offers a complete analysis based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders.

This upcoming industry report on the global soymeal market also considers the growth of the similar market such as the soy and milk protein ingredients, which is expected to grow at a CAGR of over 10% during the forecasted period. As per our market specialists, increasing usage of soymeal as a plant protein and also as an ingredient may influence its global demand for the coming few years.

The upcoming market research report on the global soymeal market also classifies the key drivers, major trends, as well as the restraints that the food sector currently faces. It also presents insights into the rapidly altering competitive scenario to give clients an accurate picture of the upcoming events within the food and beverages industry. Technavio also provides deep-dive market assessments into the sectors such as food service and non-alcoholic.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.