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Pulished Date April, 2021
ID: 11403
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Soybean Meal Market by raw material (Organic and inorganic) by process of production (normal soybean meal, De-hulled [min 50% protein] Hipro Soybean meal, Defatted soya flour toasted, and de-fatted soya flakes toasted) by Application (food industry, beverage, dietary supplements, and healthcare products), by distribution channel (supermarket, specialized stores, online stores, and retail stores), and country, Market Share, Forecast Data, In-Depth Analysis, And Detailed Overview, and Forecast, 2021-2026.

Pulished: April, 2021
ID: 11403
Pages: 175

Soybean Meal Market Size, Growth, Trends and Forecast:

Soybean meal is a by-product of soybean oil extraction. Soy flour is a rich source of protein that is used as food for humans and livestock. Soybean meal is mainly classified into two types, protein soybean meal containing 47% -49% protein from shelled seeds and conventional soybean meal containing 43% -44% protein in the shell. Soy flour is used in the widest variety of products, including animal feed, baked goods, health foods, cosmetics, and the manufacture of antibiotics.

Soybean meal is the main source of animal feed that improves the metabolism and the immunity process of growing cattle. Soybean meal is a concentrated source of protein and energy and contains less fiber than most other oilseed meals available to the feed manufacturer. The higher protein, energy, and fiber content of soybean meal allows nutritionists to formulate more energy-efficient diets that are more efficient at turning food into meat. The Soybean Meal Market is estimated to experience reasonable growth to record a CAGR of 4.19% throughout the estimated period (2021-2026).

Impact of covid-19 on Soybean Meal Market:

The start of the coronavirus pandemic coincided with the peak harvest season. As markets are closed, there is a threat to the harvest on over 100 lakh hectares in the country.

Even between different segments, the impact varies considerably between different regions and between producers and salaried workers. This impact will reverberate throughout the economy and will last for more than a few months. Problems emerged after the COVID pandemic. Despite all the measures and given the continued restrictions on the movement of people and the movement of vehicles, concerns have been expressed about the negative implications of the COVID19 pandemic on the agricultural economy. Today's agriculture's immediate problems are classified mainly into two headings: For crop production, most of the planting process will be virtually unchanged in the summer. Therefore, there would be no impact as such on the availability of seeds at the moment. But if the same scenario continues until the end of the year, then seed availability can certainly be a problem. Due to the disruption of world trade, farmers face shortages of agricultural inputs such as fertilizers and pesticides. In a shorter period, there is little dearth to wait. In the longer term, the delivery of fertilizers through international markets could become a problem, as some production plants in China have been closed.

Recent Developments

  • Bunge Netherlands B.V. and Bunge France SAS announced the successful completion of the acquisition of two crushing facilities from Cargill, following approval and closing of the transaction. The soybean and rapeseed crushing and soybean oil refining plant at the port of Amsterdam in the Netherlands and part of the bulk port terminal assets have now been transferred to Bunge, and the soybean crushing plant and rapeseed located in the port of Brest, France. Both sites and their staff are now an integral part of Bunge's regional operations in Europe, the Middle East and Africa (EMEA), and the global soybean crushing platform.
  • Trade-in 2018-19 was boosted after Iran began accepting post-US rupee sanctions.
  • After the US sanctions, a sharp increase in demand from Iran's feed industry has improved the outlook for soybean meal exports from India. According to the latest data released by the Solvent Extractors Association of India (SEA), soybean meal exports to Iran for the year 2018-2019 amounted to 508,050 tons, much more than 22,910 tons last year.
  • As the average price of a ton of soybean meal fell slightly in the first half of this month, some have said that the chicken farmer's purchasing power in relation to this raw material increases. However, this is only true compared to the previous month (in the first half of March, a drop of just over 1% compared to the average of last February). Because, until now, the price of soybean meal remains, monthly, at the second-highest level in history.
  • Consolidated Grain and Barge Co. (CGB) acquired the food-grade soy division of Quality Technology International, Inc. (QTI). The new food-grade soy business will market, ship, and sell specialty feed soybeans through containers in Japan and domestically for processing and resale to Japanese food manufacturers.

Drivers and Restraints of Soybean Meal Market:

Soybean meal is expected to generate extremely good income in 2017-2027 because it is rich in protein. It can be used as food for humans and livestock, used in health products, and in the preparation of protein shakes. Due to the increasing demand for soybean meal for the manufacture of protein supplements and animal feed at a high rate, manufacturers are manufacturing and launching several new soybean meal products with improved protein content. These factors are the main drivers of this market, and demand is expected to increase year on year. To meet the growing demand, manufacturers are strategizing to remain the key player. The production of soybean meals at a high rate due to the increasing demand is a limitation for the soybean meal market because the production is limited. The growing trend of the companion animal and pet health segment is another factor driving the market demand for soybean meals.

Soybean Meal Market Segmentation:

The market segmentation for Soybean Meal can be divided into Raw Material, the process of production, food industry, and distribution channel. Soybean meal is segmented on the basis of raw material as organic and inorganic. Due to increasing health problems, people prefer organic soy flour because organic products are good for health. 

The soybean meal market is segmented according to the process of production as normal soybean meal, shelled soybean meal [min. 50% protein] Hipro and shelled [min. 48% protein] Hipro soybean meal, toasted defatted soybean meal, and toasted defatted soybean flakes are commercially available. Regular soybean meal has a lower protein content than shelled soybean meal, which has about 45-46% crude protein content. Cockles are by-products that are eliminated because they have no place in human food but are used for ruminants. According to its application in the food industry, Soy flour is segmented according to beverages, dietary supplements, and health products. In the food market segment, soybean meals can be used to make soybean chunks and soybean granules.

Deflated soy flour is used to make nutritious cookies. Soy flour protein isolates are used as protein shakes. Soy flour products are healthy and nutritious, so the market demand for the food and beverage market segments is high. In the health products market segment, soy flour is used to make products that contain isoflavones that have chemical similarity to estrogen. Demand from the dietary supplement market segment is higher as soy flour is used to make supplements rich in calcium, magnesium, iron, and folic acid. Soy flour is segmented according to the distribution channel: supermarket, specialized stores, online stores, and retail stores. Online stores are the preferred mode of purchase for both consumers and manufacturers because they are convenient for both. Supermarkets have also acquired a good consumer base over the last ten years and are expected to grow at a significant rate.

Regional Analysis:

North America is holding with the dominant shares of the market. Soy flour must be manufactured at a higher rate to meet the needs of the market. But with increasing harvests, there is a threat of disease. Soybean rust is a fungal disease that originated in Asia. It has spread to soybean fields in South American countries such as Brazil, Argentina, Chile, and finally to the US; the prevention and control of soybean rust require fungicides, which are expensive, and the damage to yield is extreme. This disease represents a potential threat to the growth of the soybean meal market.

According to the Soybean Meal Information Center, almost 60% of total soybean meal is consumed in China, the EU, and the United States together. China is the main producer of soybean meal, followed by the United States, while the main importers of soybean meal are Vietnam, Belgium, and Spain, exports are dominated by the United States, Italy, and India. One of the biggest improvements in soybean cultivation is the rapid adoption of no-tillage technologies by farmers in South and North America. Although soy is produced mainly in a limited number of countries, it is widely traded, and soy flour is available in almost all countries.

Leading Company:

Vippy Industries ltd had the largest share of the Soybean Meal Market in terms of sales revenue in 2021.

Key Players:

The Soybean Meal Market is concentrated with well-established players. Key players in the Soybean Meal Market include Vippy Industries ltd, Mukwano Group, Granol Industria, Zhongken Guobang (Tianjin) Co. Ltd., Gauri Agrotech Products Pvt. Ltd., Bonne Vie Soybean Meal, Gimatex Industries Pvt. Ltd., Eco Export, Shafer Commodities Inc., and Nordic Soya.

1. Introduction

           
 

1.1 Market Definition

       
 

1.2 Scope of the report

       
 

1.3 Study Assumptions

       
 

1.4 Base Currency, Base Year and Forecast Periods 

   

2. Research Methodology

         
 

2.1 Analysis Design

         
 

2.2 Research Phases

         
   

2.2.1 Secondary Research

     
   

2.2.2 Primary Research 

     
   

2.2.3 Data Modelling

     
   

2.2.4 Expert Validation

     
 

2.3 Study Timeline

         

3. Report Overview

           
 

3.1 Executive Summary

       
 

3.2 Key Inferencees

         

4. Market Dynamics

           
 

4.1 Impact Analysis

         
   

4.1.1 Drivers

       
   

4.1.2 Restaints

       
   

4.1.3 Opportunities

       
 

4.2 Regulatory Environment

       
 

4.3 Technology Timeline & Recent Trends

   

5. Competitor Benchmarking Analysis

       
 

5.1 Key Player Benchmarking

       
   

5.1.1 Market share analysis

     
   

5.1.2 Products/Service

     
   

5.1.3 Regional Presence

     
 

5.2 Mergers & Acquistion Landscape

     
 

5.3 Joint Ventures & Collaborations

     

6. Market Segmentation

         
 

6.1 Soy Bean Market, By Raw Material

     
   

6.1.1 Organic

       
   

6.1.2 InOrganic

       
   

6.1.3 Market Size Estimations & Forecasts (2021-2026)

   

6.1.4 Y-o-Y Growth Rate Analysis

   
   

6.1.5 Market Attractiveness Index

   
 

6.2 Soy Bean Market, By Process of Production

   
   

6.2.1 normal soybean meal

     
   

6.2.2 De-hulled [min 50% protein] Hipro Soybean meal

   

6.2.3 Defatted soya flour toasted

   
   

6.2.4 de-fatted soya flakes toasted

   
   

6.2.5 Market Size Estimations & Forecasts (2021-2026)

   

6.2.6 Y-o-Y Growth Rate Analysis

   
   

6.2.7 Market Attractiveness Index

   
 

6.3 Soy Bean Market, By Application

     
   

6.3.1 food industry

       
   

6.3.2 beverage

       
   

6.3.3 dietary supplements

     
   

6.3.4 healthcare products

     
   

6.3.5 Market Size Estimations & Forecasts (2021-2026)

   

6.3.6 Y-o-Y Growth Rate Analysis

   
   

6.3.7 Market Attractiveness Index

   
 

6.4 Soy Bean Market, By Distribution Channel

   
   

6.4.1 supermarket

       
   

6.4.2 specialized stores

     
   

6.4.3 online stores

       
   

6.4.4 retail stores

       
   

6.4.5 Market Size Estimations & Forecasts (2021-2026)

   

6.4.6 Y-o-Y Growth Rate Analysis

   
   

6.4.7 Market Attractiveness Index

   

7. Geographical Landscape

         
 

7.1 Global Identity Governance and Administration Market, by Region

 

7.2 North America - Market Analysis (2018 - 2024)

   
   

7.2.1 By Country

       
     

7.2.1.1 USA

     
     

7.2.1.2 Canada

     
   

7.2.2 By Raw Material

     
   

7.2.3 By Process of Production

     
   

7.2.4 By Application

       
   

7.2.5 By Distribution Channel

     
 

7.3 Europe

         
   

7.3.1 By Country

       
     

7.3.1.1 UK

     
     

7.3.1.2 France

     
     

7.3.1.3 Germany

     
     

7.3.1.4 Spain

     
     

7.3.1.5 Italy

     
     

7.3.1.6 Rest of Europe

   
   

7.3.2 By Raw Material

     
   

7.3.3 By Process of Production

     
   

7.3.4 By Application

       
   

7.3.5 By Distribution Channel

     
 

7.4 Asia Pacific

         
   

7.4.1 By Country

       
     

7.4.1.1 China

     
     

7.4.1.2 India

     
     

7.4.1.3 Japan

     
     

7.4.1.4 South Korea

     
     

7.4.1.5 South East Asia

   
     

7.4.1.6 Australia & NZ

   
     

7.4.1.7 Rest of Asia-Pacific

   
   

7.4.2 By Raw Material

     
   

7.4.3 By Process of Production

     
   

7.4.4 By Application

       
   

7.4.5 By Distribution Channel

     
 

7.5 Latin America

         
   

7.5.1 By Country

       
     

7.5.1.1 Brazil

     
     

7.5.1.2 Argentina

     
     

7.5.1.3 Mexico

     
     

7.5.1.4 Rest of Latin America

   
   

7.5.2 By Raw Material

     
   

7.5.3 By Process of Production

     
   

7.5.4 By Application

       
   

7.5.5 By Distribution Channel

     
 

7.6 Middle East and Africa

       
   

7.6.1 By Country

       
     

7.6.1.1 Middle East

     
     

7.6.1.2 Africa

     
   

7.6.2 By Raw Material

     
   

7.6.3 By Process of Production

     
   

7.6.4 By Application

       
   

7.6.5 By Distribution Channel

     

8. Key Player Analysis

         
 

8.1 Vippy Industries ltd

       
   

8.1.1 Business Description

     
   

8.1.2 Products/Service

     
   

8.1.3 Financials

       
   

8.1.4 SWOT Analysis

       
   

8.1.5 Recent Developments

     
   

8.1.6 Analyst Overview

     
 

8.2 Mukwano Group

         
 

8.3 Granol Industria

         
 

8.4 Zhongken Guobang (Tianjin) Co. Ltd.

     
 

8.5 Gauri Agrotech Products Pvt. Ltd.

     
 

8.6 Bonne Vie Soybean Meal

       
 

8.7 Gimatex Industries Pvt. Ltd.

     
 

8.8 Eco Export

         
 

8.9 Shafer Commodities Inc.

       
 

8.10 Nordic Soya

         

9. Market Outlook & Investment Opportunities

     

10. Appendix

           
 

List of Tables

         
 

List of Figures

         

 

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

Global Soy Bean Market By Region, From 2021-2026 ( USD Billion )

Global Soy Bean Market By Raw Material, From 2021-2026 ( USD Billion )

Global Organic  Market By Region, From 2021-2026 ( USD Billion )

Global InOrganic Market By Region, From 2021-2026 ( USD Billion )

Global Soy Bean Market By Process of Production, From 2021-2026 ( USD Billion )

Global normal soybean meal Market By Region, From 2021-2026 ( USD Billion )

Global De-hulled [min 50% protein] Hipro Soybean meal Market By Region, From 2021-2026 ( USD Billion )

Global Defatted soya flour toasted Market By Region, From 2021-2026 ( USD Billion )

Global de-fatted soya flakes toasted Market By Region, From 2021-2026 ( USD Billion )

Global Soy Bean Market By Application, From 2021-2026 ( USD Billion )

Global food industry Market By Region, From 2021-2026 ( USD Billion )

Global beverage Market By Region, From 2021-2026 ( USD Billion )

Global dietary supplements Market By Region, From 2021-2026 ( USD Billion )

Global healthcare products Market By Region, From 2021-2026 ( USD Billion )

Global Soy Bean Market By Distribution Channel, From 2021-2026 ( USD Billion )

Global supermarket Market By Region, From 2021-2026 ( USD Billion )

Global specialized stores Market By Region, From 2021-2026 ( USD Billion )

Global online stores Market By Region, From 2021-2026 ( USD Billion )

Global retail stores Market By Region, From 2021-2026 ( USD Billion )

 

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