Enjoy complimentary customisation on priority with our Enterprise License!
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.
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 -
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.
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.
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.
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.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Key leading countries
PART 09: Decision framework
PART 10: Drivers and challenges
PART 11: Market trends
PART 12: Vendor landscape
PART 13: Key vendor analysis
PART 14: Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.