The global Feed Grade Soybean Meal Market Comprehensive Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Type (Below 45%, 45 to 50%, Above 50%), By Application (Ruminants, Aquaculture, Others)
The Feed Grade Soybean Meal market in 2024 is thriving, fueled by the rising demand for high-protein animal feed ingredients. Feed grade soybean meal, a byproduct of soybean oil extraction, is a key protein source for poultry, swine, cattle, and aquaculture. The market benefits from advancements in soybean processing technologies, the growing trend of sustainable and efficient animal farming, and the expansion of the global livestock industry. Additionally, the increasing focus on optimizing animal nutrition and feed conversion ratios is driving market growth.
The market report analyses the leading companies in the industry including AGP, Archer-Daniels-Midland Company (ADM), Bunge Ltd, Cargill Inc, Hi-Pro Feeds, Louis Dreyfus Company, Luowa, Mukwano Group, Sodrugestvo, Sresta, Vaighai Group, Vijaya, Wilmar International Ltd, Zeeland Farm Services, and Others.
The market for feed grade soybean meal is experiencing a prominent trend driven by the growing demand for high-quality animal feed ingredients. Livestock producers and feed manufacturers are increasingly seeking nutritious and cost-effective feed options to support the health and growth of livestock. Feed grade soybean meal, known for its high protein content and balanced amino acid profile, has gained popularity as a staple ingredient in animal feeds. This trend reflects the industry's focus on enhancing feed quality to optimize animal nutrition and performance.
A major driver for the feed grade soybean meal market is the continuous growth in livestock production and protein consumption globally. With increasing populations and changing dietary preferences, there is a higher demand for meat, dairy, and poultry products. This drives the need for efficient and nutritious animal feed ingredients like soybean meal to support the growth and development of livestock. Additionally, soybean meal's versatility and nutritional benefits make it a preferred choice for feed formulations, further driving its demand in the market.
The feed grade soybean meal market presents a significant opportunity for expansion in feed formulation and nutritional enhancement. Manufacturers and suppliers of soybean meal can capitalize on this opportunity by offering customized feed blends that cater to specific nutritional requirements of different livestock species. There is also an opportunity to develop value-added soybean meal products enriched with vitamins, minerals, and additives to enhance overall animal health, immunity, and performance. Moreover, with advancements in feed technology, there is potential to innovate and create soybean meal-based feeds that address emerging challenges such as environmental sustainability and antibiotic reduction in livestock production. By focusing on feed formulation and nutritional enhancement, businesses can meet the evolving needs of the animal agriculture sector and drive growth in the feed grade soybean meal market.
The largest segment in the Feed Grade Soybean Meal Market is "Above 50%." This category represents soybean meal with a protein content exceeding 50%, making it a highly sought-after feed ingredient in the livestock and poultry industries. High-protein soybean meal is particularly valued for its nutritional composition, providing essential amino acids and protein for animal growth, muscle development, and overall health. Livestock and poultry producers prefer feed ingredients with higher protein content to meet the dietary requirements of their animals efficiently. Additionally, as the demand for meat, dairy, and poultry products continues to rise globally due to population growth and changing dietary preferences, the need for high-quality feed ingredients like above 50% protein soybean meal is expected to increase significantly. This segment's dominance in the market underscores its importance in animal nutrition and its substantial contribution to the Feed Grade Soybean Meal Market's overall growth and revenue.
The fastest-growing segment in the Feed Grade Soybean Meal Market is "Aquaculture." This segment refers to the application of soybean meal in aquaculture feeds, which are used to nourish fish and other aquatic organisms in fish farms and aquaculture operations. The rapid growth of this segment can be attributed to several factors. Firstly, the increasing global demand for seafood and fish products has led to significant expansion in the aquaculture industry to meet this demand sustainably. Soybean meal offers a cost-effective and nutritious alternative in aquafeeds, providing essential amino acids and proteins necessary for fish growth and development. Furthermore, as aquaculture practices evolve towards more sustainable and environmentally friendly methods, soybean meal's plant-based nature aligns with the growing emphasis on sustainable sourcing and reduced reliance on fishmeal in aquafeeds. With ongoing technological advancements and research in aquaculture nutrition, the demand for high-quality feed ingredients like soybean meal in aquaculture applications is projected to experience robust growth, making the Aquaculture segment a key driver of the Feed Grade Soybean Meal Market's expansion towards 2032.
By Type
Below 45%
45 to 50%
Above 50%
By Application
Ruminants
Aquaculture
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
AGP
Archer-Daniels-Midland Company (ADM)
Bunge Ltd
Cargill Inc
Hi-Pro Feeds
Louis Dreyfus Company
Luowa
Mukwano Group
Sodrugestvo
Sresta
Vaighai Group
Vijaya
Wilmar International Ltd
Zeeland Farm Services
*- List Not Exhaustive
Chapter 1. TABLE OF CONTENTS
Chapter 2. Introduction to Feed Grade Soybean Meal Market
2.1. Market Overview
2.2. Key Statistics and Report Highlights
2.3. Scope of the Comprehensive Study
2.3.1. Market Definition
2.3.2 Countries and Regions Covered
2.3.3 Research Objective
2.3.4 Units, Currency, and Conversions
2.3.5 Industry Value Chain
2.4. Key Market Segments
2.5. Key Companies
2.6. Study Period
Chapter 3. Strategic Analysis Review
3.1. Feed Grade Soybean Meal Pricing Analysis and Forecast
3.2. Porter’s Five Forces
3.3. Market Ecosystem
3.4. SWOT Analysis
3.5. Regulatory Scenario
3.3. Effects of Inflation, Russia-Ukraine War, moderating economic growth, and other macroeconomic factors
Chapter 4. Competitive Landscape
4.1. Market Share Analysis
4.1.1. Global Feed Grade Soybean Meal Market Share by Company, 2023
4.1.2. Product Offerings of Leading Feed Grade Soybean Meal Companies
4.2. Market Entropy
4.2.1. New Product Launches in the Industry
4.2.2. Mergers, Acquisitions, Joint ventures, and Partnerships
4.3. Key Strategies and Best Practices
Chapter 5. Global Market Projections: Best, Reference, and Low Case Scenarios
5.1. Growth Analysis- Case Scenario Definitions
5.2. Low Growth Case Scenario Forecasts
5.3. Reference Growth Case Scenario Forecasts
5.4. High Growth Case Scenario Forecasts
Chapter 6. Market Dynamics
6.1. Feed Grade Soybean Meal Market Drivers
6.2. Feed Grade Soybean Meal Market Challenges
6.6. Feed Grade Soybean Meal Market Opportunities
6.4. Feed Grade Soybean Meal Market Trends
Chapter 7. Global Feed Grade Soybean Meal Market Outlook Trends
7.1. Global Feed Grade Soybean Meal Revenue (USD Million) and CAGR (%) by Type (2021-2032)
7.2. Global Feed Grade Soybean Meal Revenue (USD Million) and CAGR (%) by Application (2021-2032)
7.3. Global Feed Grade Soybean Meal Revenue (USD Million) and CAGR (%) by Product (2021-2032)
By Type
Below 45%
45 to 50%
Above 50%
By Application
Ruminants
Aquaculture
Others
Chapter 8. Global Feed Grade Soybean Meal Regional Analysis and Outlook
8.1. Global Feed Grade Soybean Meal Revenue (USD Million) By Regions (2021- 2032)
8.2. North America Feed Grade Soybean Meal Revenue (USD Million) by Country (2021-2032)
8.2.1. United States Feed Grade Soybean Meal Regional Analysis and Outlook
8.2.2. Canada Feed Grade Soybean Meal Regional Analysis and Outlook
8.2.3. Mexico Feed Grade Soybean Meal Regional Analysis and Outlook
8.3. Europe Feed Grade Soybean Meal Revenue (USD Million), by Country (2021-2032)
8.3.1. Germany Feed Grade Soybean Meal Regional Analysis and Outlook
8.3.2. France Feed Grade Soybean Meal Regional Analysis and Outlook
8.3.3. United Kingdom Feed Grade Soybean Meal Regional Analysis and Outlook
8.3.4. Spain Feed Grade Soybean Meal Regional Analysis and Outlook
8.3.5. Italy Feed Grade Soybean Meal Regional Analysis and Outlook
8.3.6. Russia Feed Grade Soybean Meal Regional Analysis and Outlook
8.3.7. Rest of Europe Feed Grade Soybean Meal Regional Analysis and Outlook
8.4. Asia Pacific Feed Grade Soybean Meal Revenue (USD Million) by Country (2021-2032)
8.4.1. China Feed Grade Soybean Meal Regional Analysis and Outlook
8.4.2. Japan Feed Grade Soybean Meal Regional Analysis and Outlook
8.4.3. India Feed Grade Soybean Meal Regional Analysis and Outlook
8.4.4. South Korea Feed Grade Soybean Meal Regional Analysis and Outlook
8.4.5. Australia Feed Grade Soybean Meal Regional Analysis and Outlook
8.4.6. South East Asia Feed Grade Soybean Meal Regional Analysis and Outlook
8.4.7. Rest of Asia Pacific Feed Grade Soybean Meal Regional Analysis and Outlook
8.5. South America Feed Grade Soybean Meal Revenue (USD Million), by Country (2021-2032)
8.5.1. Brazil Feed Grade Soybean Meal Regional Analysis and Outlook
8.5.2. Argentina Feed Grade Soybean Meal Regional Analysis and Outlook
8.5.3. Rest of South America Feed Grade Soybean Meal Regional Analysis and Outlook
8.6. Middle East and Africa Feed Grade Soybean Meal Revenue (USD Million) by Country (2021-2032)
8.6.1. Middle East Feed Grade Soybean Meal Regional Analysis and Outlook
8.6.2. Africa Feed Grade Soybean Meal Regional Analysis and Outlook
Chapter 9. North America Feed Grade Soybean Meal Analysis and Outlook
9.1. North America Feed Grade Soybean Meal Revenue (USD Million) by Segments (2021-2032)
9.1.1. North America Feed Grade Soybean Meal Revenue (USD Million) by Type (2021-2032)
9.1.2. North America Feed Grade Soybean Meal Revenue (USD Million) by Application (2021-2032)
9.1.3. North America Feed Grade Soybean Meal Revenue (USD Million) by Product (2021-2032)
By Type
Below 45%
45 to 50%
Above 50%
By Application
Ruminants
Aquaculture
Others
Chapter 10. Europe Feed Grade Soybean Meal Analysis and Outlook
10.1. Europe Feed Grade Soybean Meal Revenue (USD Million), by Segments (USD Million) (2021-2032)
10.1.1. Europe Feed Grade Soybean Meal Revenue (USD Million) by Type (2021-2032)
10.1.2. Europe Feed Grade Soybean Meal Revenue (USD Million) by Application (2021-2032)
10.1.3. Europe Feed Grade Soybean Meal Revenue (USD Million) by Product (2021-2032)
By Type
Below 45%
45 to 50%
Above 50%
By Application
Ruminants
Aquaculture
Others
Chapter 11. Asia Pacific Feed Grade Soybean Meal Analysis and Outlook
11.1. Asia Pacific Feed Grade Soybean Meal Revenue (USD Million), and Revenue (USD Million) by Segments (2021-2032)
11.1.1. Asia Pacific Feed Grade Soybean Meal Revenue (USD Million) by Type (2021-2032)
11.1.2. Asia Pacific Feed Grade Soybean Meal Revenue (USD Million) by Application (2021-2032)
11.1.3. Asia Pacific Feed Grade Soybean Meal Revenue (USD Million) by Product (2021-2032)
By Type
Below 45%
45 to 50%
Above 50%
By Application
Ruminants
Aquaculture
Others
Chapter 12. South America Feed Grade Soybean Meal Analysis and Outlook
12.1. South America Feed Grade Soybean Meal Revenue (USD Million), by Segments (2021-2032)
12.1.1. South America Feed Grade Soybean Meal Revenue (USD Million) by Type (2021-2032)
12.1.2. South America Feed Grade Soybean Meal Revenue (USD Million) by Application (2021-2032)
12.1.3. South America Feed Grade Soybean Meal Revenue (USD Million) by Product (2021-2032)
By Type
Below 45%
45 to 50%
Above 50%
By Application
Ruminants
Aquaculture
Others
Chapter 13. Middle East and Africa Feed Grade Soybean Meal Analysis and Outlook
13.1. Middle East and Africa Feed Grade Soybean Meal Revenue (USD Million), by Segments (2021-2032)
13.1.1. Middle East and Africa Feed Grade Soybean Meal Revenue (USD Million) by Type (2021-2032)
13.1.2. Middle East and Africa Feed Grade Soybean Meal Revenue (USD Million) by Application (2021-2032)
13.1.3. Middle East and Africa Feed Grade Soybean Meal Revenue (USD Million) by Product (2021-2032)
By Type
Below 45%
45 to 50%
Above 50%
By Application
Ruminants
Aquaculture
Others
Chapter 14. Feed Grade Soybean Meal Company Profiles
14.1 Business Overview
14.2 Product Profiles
14.3 SWOT Profiles
14.5 Recent Developments
14.6 Financial Profile
List of Companies
AGP
Archer-Daniels-Midland Company (ADM)
Bunge Ltd
Cargill Inc
Hi-Pro Feeds
Louis Dreyfus Company
Luowa
Mukwano Group
Sodrugestvo
Sresta
Vaighai Group
Vijaya
Wilmar International Ltd
Zeeland Farm Services
15. Methodology and Data Sources
15.1 Customization Offerings
15.2 Subscription Services
15.3 Related Reports
15.4 Publisher Expertise
LIST OF TABLES
Table 1 Market Segmentation Analysis
Table 2 Global Feed Grade Soybean Meal Market Share of Leading Companies, 2023
Table 3 Product Offerings of Leading Companies
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Feed Grade Soybean Meal Revenue (USD Million) And CAGR (%) By Type (2021-2032)
Table 8 Global Feed Grade Soybean Meal Revenue (USD Million) And CAGR (%) By Application (2021-2032)
Table 9 Global Feed Grade Soybean Meal Revenue (USD Million) And CAGR (%) By Product (2021-2032)
Table 10 Global Feed Grade Soybean Meal Market Revenue (USD Million) By Regions (2021-2032)
Table 11 Global Feed Grade Soybean Meal Market Share (%) By Regions (2021-2032)
Table 12 North America Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Table 13 Europe Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Table 14 Asia Pacific Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Table 15 South America Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Table 16 Middle East and Africa Feed Grade Soybean Meal Revenue (USD Million) By Region (2021-2032)
Table 17 North America Feed Grade Soybean Meal Revenue (USD Million) By Type (2021-2032)
Table 18 North America Feed Grade Soybean Meal Revenue (USD Million) By Application (2021-2032)
Table 19 North America Feed Grade Soybean Meal Revenue (USD Million) By Product (2021-2032)
Table 20 Europe Feed Grade Soybean Meal Revenue (USD Million) By Type (2021-2032)
Table 21 Europe Feed Grade Soybean Meal Revenue (USD Million) By Application (2021-2032)
Table 22 Europe Feed Grade Soybean Meal Revenue (USD Million) By Product (2021-2032)
Table 23 Asia Pacific Feed Grade Soybean Meal Revenue (USD Million) By Type (2021-2032)
Table 24 Asia Pacific Feed Grade Soybean Meal Revenue (USD Million) By Application (2021-2032)
Table 25 Asia Pacific Feed Grade Soybean Meal Revenue (USD Million) By Product (2021-2032)
Table 26 South America Feed Grade Soybean Meal Revenue (USD Million) By Type (2021-2032)
Table 27 South America Feed Grade Soybean Meal Revenue (USD Million) By Application (2021-2032)
Table 28 South America Feed Grade Soybean Meal Revenue (USD Million) By Product (2021-2032)
Table 29 Middle East and Africa Feed Grade Soybean Meal Revenue (USD Million) By Type (2021-2032)
Table 30 Middle East and Africa Feed Grade Soybean Meal Revenue (USD Million) By Application (2021-2032)
Table 31 Middle East and Africa Feed Grade Soybean Meal Revenue (USD Million) By Product (2021-2032)
LIST OF FIGURES
Figure 1. Market Scope
Figure 2. Pricing Forecasts Per Unit, 2023- 2032
Figure 3. Porter’s Five Forces
Figure 4. Global Feed Grade Soybean Meal Market Revenue (USD Million) By Regions (2021-2032)
Figure 5. Global Feed Grade Soybean Meal Market Share (%) By Regions (2023)
Figure 6. North America Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Figure 7. United States Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Figure 8. Canada Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Figure 9. Mexico Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Figure 10. Europe Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Figure 11. Germany Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Figure 12. France Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Figure 13. United Kingdom Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Figure 14. Spain Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Figure 15. Italy Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Figure 16. Russia Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Figure 17. Rest of Europe Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Figure 11. Asia Pacific Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Figure 12. China Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Figure 13. Japan Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Figure 14. India Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Figure 15. South Korea Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Figure 16. Australia Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Figure 17. South East Asia Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Figure 18. South America Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Figure 19. Brazil Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Figure 20. Argentina Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Figure 21. Rest of Asia Pacific Feed Grade Soybean Meal Revenue (USD Million) By Country (2021-2032)
Figure 22. Middle East and Africa Feed Grade Soybean Meal Revenue (USD Million) By Region (2021-2032)
Figure 23. Saudi Arabia Feed Grade Soybean Meal Revenue (USD Million) By Region (2021-2032)
Figure 24. The UAE Feed Grade Soybean Meal Revenue (USD Million) By Region (2021-2032)
Figure 25. Rest of Middle East Feed Grade Soybean Meal Revenue (USD Million) By Region (2021-2032)
Figure 26. South Africa Feed Grade Soybean Meal Revenue (USD Million) By Region (2021-2032)
Figure 27. Africa Feed Grade Soybean Meal Revenue (USD Million) By Region (2021-2032)
Figure 28. North America Feed Grade Soybean Meal Revenue (USD Million) By Type (2021-2032)
Figure 29. North America Feed Grade Soybean Meal Revenue (USD Million) By Application (2021-2032)
Figure 30. North America Feed Grade Soybean Meal Revenue (USD Million) By Product (2021-2032)
Figure 31. Europe Feed Grade Soybean Meal Revenue (USD Million) By Type (2021-2032)
Figure 32. Europe Feed Grade Soybean Meal Revenue (USD Million) By Application (2021-2032)
Figure 33. Europe Feed Grade Soybean Meal Revenue (USD Million) By Product (2021-2032)
Figure 34. Asia Pacific Feed Grade Soybean Meal Revenue (USD Million) By Type (2021-2032)
Figure 35. Asia Pacific Feed Grade Soybean Meal Revenue (USD Million) By Application (2021-2032)
Figure 36. Asia Pacific Feed Grade Soybean Meal Revenue (USD Million) By Product (2021-2032)
Figure 37. South America Feed Grade Soybean Meal Revenue (USD Million) By Type (2021-2032)
Figure 38. South America Feed Grade Soybean Meal Revenue (USD Million) By Application (2021-2032)
Figure 39. South America Feed Grade Soybean Meal Revenue (USD Million) By Product (2021-2032)
Figure 40. Middle East and Africa Feed Grade Soybean Meal Revenue (USD Million) By Type (2021-2032)
Figure 41. Middle East and Africa Feed Grade Soybean Meal Revenue (USD Million) By Application (2021-2032)
Figure 42. Middle East and Africa Feed Grade Soybean Meal Revenue (USD Million) By Product (2021-2032)
By Type
Below 45%
45 to 50%
Above 50%
By Application
Ruminants
Aquaculture
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Feed Grade Soybean Meal Market Size is valued at $22.6 Billion in 2024 and is forecast to register a growth rate (CAGR) of 4.7% to reach $32.6 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
AGP, Archer-Daniels-Midland Company (ADM), Bunge Ltd, Cargill Inc, Hi-Pro Feeds, Louis Dreyfus Company, Luowa, Mukwano Group, Sodrugestvo, Sresta, Vaighai Group, Vijaya, Wilmar International Ltd, Zeeland Farm Services
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume