The global Soymeal Market Comprehensive Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Nature (Conventional, Organic), By End-User (Food & Beverages, Animal Feed, Industrial Use)
In 2024, the soymeal market is thriving, driven by the increasing demand for high-protein animal feed. Soymeal, a byproduct of soybean oil extraction, is a crucial ingredient in livestock, poultry, and aquaculture feeds due to its high nutritional content. The market is characterized by advancements in processing techniques that enhance the digestibility and nutritional value of soymeal. The rising global consumption of meat and dairy products is propelling demand for efficient and sustainable feed options. Key producers are focusing on sustainable sourcing and production practices to meet the growing demand while addressing environmental concerns. Additionally, innovations in feed formulation are driving market growth, with an emphasis on improving animal health and productivity.
The market report analyses the leading companies in the industry including AdamPolSoya, Agrocorp International Pte Ltd, Irwing Soya, Kohinoor Feeds and Fats Pvt. Ltd, Louis Dreyfus Company B.V., Nordic Soya Ltd, Perdue Farms, The Scoular Company, Wilmar International, Yihai Kerry Investments Co. Ltd, and Others.
One prominent market trend in soymeal is the growing demand within the livestock feed industry. Soymeal serves as a crucial protein source in animal feed formulations, particularly for poultry, swine, and aquaculture sectors. As global meat consumption continues to rise, driven by population growth and changing dietary habits, there is a corresponding increase in demand for high-quality feed ingredients like soymeal to support animal growth and production. This trend is further fueled by the need for efficient and sustainable feed solutions to meet the nutritional requirements of livestock and enhance overall production efficiency in the agriculture sector.
A key market driver for soymeal is the expansion of livestock production worldwide. With increasing global demand for animal protein, there is a growing emphasis on scaling up livestock operations to meet consumer needs. Livestock producers rely on feed ingredients like soymeal to formulate balanced and nutritious diets for their animals, ensuring optimal growth, health, and performance. As the livestock industry expands to meet rising demand, the demand for soymeal as a primary protein source in animal feed formulations is expected to continue growing, driving market growth and opportunities for suppliers and producers in the soymeal industry.
The growing demand for plant-based protein alternatives presents a significant opportunity for diversification in the soymeal market. Beyond its traditional use in livestock feed, soymeal can also be utilized in human food applications, including plant-based meat alternatives, vegetarian protein products, and functional food formulations. With increasing consumer awareness of the environmental impact of animal agriculture and the health benefits of plant-based diets, there is a growing market for plant-based protein sources like soymeal. Manufacturers and suppliers of soymeal have the opportunity to expand their product offerings and target new market segments by tapping into the growing demand for plant-based protein alternatives in the food industry. By embracing opportunities for diversification and innovation, stakeholders in the soymeal market can capitalize on shifting consumer preferences and contribute to the development of sustainable food solutions for a growing global population.
Within the soymeal market, the conventional segment is the largest, owing to several pivotal factors. Conventional soymeal production benefits from established agricultural practices and economies of scale, resulting in higher output volumes and more widespread availability compared to organic alternatives. Further, conventional soymeal typically offers a lower price point, making it more accessible to a broader consumer base, including livestock farmers and feed manufacturers. Additionally, conventional farming methods often entail the use of synthetic fertilizers and pesticides, which can enhance crop yields and mitigate risks associated with pests and diseases, further bolstering the dominance of the conventional soymeal segment. While organic soymeal caters to a niche market segment focused on sustainability and environmental consciousness, the widespread demand for affordable and readily accessible feed ingredients sustains the supremacy of conventional soymeal in the market landscape.
Among the various end-user segments in the soymeal market, aquaculture is the fastest-growing sector, propelled by several compelling factors. The expanding global demand for seafood, coupled with the depletion of wild fish stocks, has driven the rapid growth of the aquaculture industry. Soymeal serves as a crucial component in aquafeed formulations, offering a sustainable and nutritious alternative to fishmeal. Further, as aquaculture practices continue to evolve towards intensified production systems, there is a growing emphasis on optimizing feed efficiency and cost-effectiveness, further driving the adoption of soymeal-based aquafeeds. Additionally, the versatility of soymeal in catering to a wide range of aquatic species, including fish and shrimp, positions it as a preferred choice among aquaculture producers seeking high-quality and consistent feed ingredients. As the aquaculture sector continues to expand to meet the escalating global demand for seafood, the demand for soymeal is poised to experience significant growth, solidifying its status as the fastest-growing segment in the soymeal market.
By Nature
Conventional
Organic
By End-User
Food & Beverages
Animal Feed
-Poultry
-Swine
-Aquaculture
-Others
Industrial Use
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)
AdamPolSoya
Agrocorp International Pte Ltd
Irwing Soya
Kohinoor Feeds and Fats Pvt. Ltd
Louis Dreyfus Company B.V.
Nordic Soya Ltd
Perdue Farms
The Scoular Company
Wilmar International
Yihai Kerry Investments Co. Ltd
*- List Not Exhaustive
Chapter 1. TABLE OF CONTENTS
Chapter 2. Introduction to Soymeal 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. Soymeal 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 Soymeal Market Share by Company, 2023
4.1.2. Product Offerings of Leading Soymeal 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. Soymeal Market Drivers
6.2. Soymeal Market Challenges
6.6. Soymeal Market Opportunities
6.4. Soymeal Market Trends
Chapter 7. Global Soymeal Market Outlook Trends
7.1. Global Soymeal Revenue (USD Million) and CAGR (%) by Type (2021-2032)
7.2. Global Soymeal Revenue (USD Million) and CAGR (%) by Application (2021-2032)
7.3. Global Soymeal Revenue (USD Million) and CAGR (%) by Product (2021-2032)
By Nature
Conventional
Organic
By End-User
Food & Beverages
Animal Feed
-Poultry
-Swine
-Aquaculture
-Others
Industrial Use
Chapter 8. Global Soymeal Regional Analysis and Outlook
8.1. Global Soymeal Revenue (USD Million) By Regions (2021- 2032)
8.2. North America Soymeal Revenue (USD Million) by Country (2021-2032)
8.2.1. United States Soymeal Regional Analysis and Outlook
8.2.2. Canada Soymeal Regional Analysis and Outlook
8.2.3. Mexico Soymeal Regional Analysis and Outlook
8.3. Europe Soymeal Revenue (USD Million), by Country (2021-2032)
8.3.1. Germany Soymeal Regional Analysis and Outlook
8.3.2. France Soymeal Regional Analysis and Outlook
8.3.3. United Kingdom Soymeal Regional Analysis and Outlook
8.3.4. Spain Soymeal Regional Analysis and Outlook
8.3.5. Italy Soymeal Regional Analysis and Outlook
8.3.6. Russia Soymeal Regional Analysis and Outlook
8.3.7. Rest of Europe Soymeal Regional Analysis and Outlook
8.4. Asia Pacific Soymeal Revenue (USD Million) by Country (2021-2032)
8.4.1. China Soymeal Regional Analysis and Outlook
8.4.2. Japan Soymeal Regional Analysis and Outlook
8.4.3. India Soymeal Regional Analysis and Outlook
8.4.4. South Korea Soymeal Regional Analysis and Outlook
8.4.5. Australia Soymeal Regional Analysis and Outlook
8.4.6. South East Asia Soymeal Regional Analysis and Outlook
8.4.7. Rest of Asia Pacific Soymeal Regional Analysis and Outlook
8.5. South America Soymeal Revenue (USD Million), by Country (2021-2032)
8.5.1. Brazil Soymeal Regional Analysis and Outlook
8.5.2. Argentina Soymeal Regional Analysis and Outlook
8.5.3. Rest of South America Soymeal Regional Analysis and Outlook
8.6. Middle East and Africa Soymeal Revenue (USD Million) by Country (2021-2032)
8.6.1. Middle East Soymeal Regional Analysis and Outlook
8.6.2. Africa Soymeal Regional Analysis and Outlook
Chapter 9. North America Soymeal Analysis and Outlook
9.1. North America Soymeal Revenue (USD Million) by Segments (2021-2032)
9.1.1. North America Soymeal Revenue (USD Million) by Type (2021-2032)
9.1.2. North America Soymeal Revenue (USD Million) by Application (2021-2032)
9.1.3. North America Soymeal Revenue (USD Million) by Product (2021-2032)
By Nature
Conventional
Organic
By End-User
Food & Beverages
Animal Feed
-Poultry
-Swine
-Aquaculture
-Others
Industrial Use
Chapter 10. Europe Soymeal Analysis and Outlook
10.1. Europe Soymeal Revenue (USD Million), by Segments (USD Million) (2021-2032)
10.1.1. Europe Soymeal Revenue (USD Million) by Type (2021-2032)
10.1.2. Europe Soymeal Revenue (USD Million) by Application (2021-2032)
10.1.3. Europe Soymeal Revenue (USD Million) by Product (2021-2032)
By Nature
Conventional
Organic
By End-User
Food & Beverages
Animal Feed
-Poultry
-Swine
-Aquaculture
-Others
Industrial Use
Chapter 11. Asia Pacific Soymeal Analysis and Outlook
11.1. Asia Pacific Soymeal Revenue (USD Million), and Revenue (USD Million) by Segments (2021-2032)
11.1.1. Asia Pacific Soymeal Revenue (USD Million) by Type (2021-2032)
11.1.2. Asia Pacific Soymeal Revenue (USD Million) by Application (2021-2032)
11.1.3. Asia Pacific Soymeal Revenue (USD Million) by Product (2021-2032)
By Nature
Conventional
Organic
By End-User
Food & Beverages
Animal Feed
-Poultry
-Swine
-Aquaculture
-Others
Industrial Use
Chapter 12. South America Soymeal Analysis and Outlook
12.1. South America Soymeal Revenue (USD Million), by Segments (2021-2032)
12.1.1. South America Soymeal Revenue (USD Million) by Type (2021-2032)
12.1.2. South America Soymeal Revenue (USD Million) by Application (2021-2032)
12.1.3. South America Soymeal Revenue (USD Million) by Product (2021-2032)
By Nature
Conventional
Organic
By End-User
Food & Beverages
Animal Feed
-Poultry
-Swine
-Aquaculture
-Others
Industrial Use
Chapter 13. Middle East and Africa Soymeal Analysis and Outlook
13.1. Middle East and Africa Soymeal Revenue (USD Million), by Segments (2021-2032)
13.1.1. Middle East and Africa Soymeal Revenue (USD Million) by Type (2021-2032)
13.1.2. Middle East and Africa Soymeal Revenue (USD Million) by Application (2021-2032)
13.1.3. Middle East and Africa Soymeal Revenue (USD Million) by Product (2021-2032)
By Nature
Conventional
Organic
By End-User
Food & Beverages
Animal Feed
-Poultry
-Swine
-Aquaculture
-Others
Industrial Use
Chapter 14. Soymeal 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
AdamPolSoya
Agrocorp International Pte Ltd
Irwing Soya
Kohinoor Feeds and Fats Pvt. Ltd
Louis Dreyfus Company B.V.
Nordic Soya Ltd
Perdue Farms
The Scoular Company
Wilmar International
Yihai Kerry Investments Co. Ltd
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 Soymeal 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 Soymeal Revenue (USD Million) And CAGR (%) By Type (2021-2032)
Table 8 Global Soymeal Revenue (USD Million) And CAGR (%) By Application (2021-2032)
Table 9 Global Soymeal Revenue (USD Million) And CAGR (%) By Product (2021-2032)
Table 10 Global Soymeal Market Revenue (USD Million) By Regions (2021-2032)
Table 11 Global Soymeal Market Share (%) By Regions (2021-2032)
Table 12 North America Soymeal Revenue (USD Million) By Country (2021-2032)
Table 13 Europe Soymeal Revenue (USD Million) By Country (2021-2032)
Table 14 Asia Pacific Soymeal Revenue (USD Million) By Country (2021-2032)
Table 15 South America Soymeal Revenue (USD Million) By Country (2021-2032)
Table 16 Middle East and Africa Soymeal Revenue (USD Million) By Region (2021-2032)
Table 17 North America Soymeal Revenue (USD Million) By Type (2021-2032)
Table 18 North America Soymeal Revenue (USD Million) By Application (2021-2032)
Table 19 North America Soymeal Revenue (USD Million) By Product (2021-2032)
Table 20 Europe Soymeal Revenue (USD Million) By Type (2021-2032)
Table 21 Europe Soymeal Revenue (USD Million) By Application (2021-2032)
Table 22 Europe Soymeal Revenue (USD Million) By Product (2021-2032)
Table 23 Asia Pacific Soymeal Revenue (USD Million) By Type (2021-2032)
Table 24 Asia Pacific Soymeal Revenue (USD Million) By Application (2021-2032)
Table 25 Asia Pacific Soymeal Revenue (USD Million) By Product (2021-2032)
Table 26 South America Soymeal Revenue (USD Million) By Type (2021-2032)
Table 27 South America Soymeal Revenue (USD Million) By Application (2021-2032)
Table 28 South America Soymeal Revenue (USD Million) By Product (2021-2032)
Table 29 Middle East and Africa Soymeal Revenue (USD Million) By Type (2021-2032)
Table 30 Middle East and Africa Soymeal Revenue (USD Million) By Application (2021-2032)
Table 31 Middle East and Africa Soymeal 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 Soymeal Market Revenue (USD Million) By Regions (2021-2032)
Figure 5. Global Soymeal Market Share (%) By Regions (2023)
Figure 6. North America Soymeal Revenue (USD Million) By Country (2021-2032)
Figure 7. United States Soymeal Revenue (USD Million) By Country (2021-2032)
Figure 8. Canada Soymeal Revenue (USD Million) By Country (2021-2032)
Figure 9. Mexico Soymeal Revenue (USD Million) By Country (2021-2032)
Figure 10. Europe Soymeal Revenue (USD Million) By Country (2021-2032)
Figure 11. Germany Soymeal Revenue (USD Million) By Country (2021-2032)
Figure 12. France Soymeal Revenue (USD Million) By Country (2021-2032)
Figure 13. United Kingdom Soymeal Revenue (USD Million) By Country (2021-2032)
Figure 14. Spain Soymeal Revenue (USD Million) By Country (2021-2032)
Figure 15. Italy Soymeal Revenue (USD Million) By Country (2021-2032)
Figure 16. Russia Soymeal Revenue (USD Million) By Country (2021-2032)
Figure 17. Rest of Europe Soymeal Revenue (USD Million) By Country (2021-2032)
Figure 11. Asia Pacific Soymeal Revenue (USD Million) By Country (2021-2032)
Figure 12. China Soymeal Revenue (USD Million) By Country (2021-2032)
Figure 13. Japan Soymeal Revenue (USD Million) By Country (2021-2032)
Figure 14. India Soymeal Revenue (USD Million) By Country (2021-2032)
Figure 15. South Korea Soymeal Revenue (USD Million) By Country (2021-2032)
Figure 16. Australia Soymeal Revenue (USD Million) By Country (2021-2032)
Figure 17. South East Asia Soymeal Revenue (USD Million) By Country (2021-2032)
Figure 18. South America Soymeal Revenue (USD Million) By Country (2021-2032)
Figure 19. Brazil Soymeal Revenue (USD Million) By Country (2021-2032)
Figure 20. Argentina Soymeal Revenue (USD Million) By Country (2021-2032)
Figure 21. Rest of Asia Pacific Soymeal Revenue (USD Million) By Country (2021-2032)
Figure 22. Middle East and Africa Soymeal Revenue (USD Million) By Region (2021-2032)
Figure 23. Saudi Arabia Soymeal Revenue (USD Million) By Region (2021-2032)
Figure 24. The UAE Soymeal Revenue (USD Million) By Region (2021-2032)
Figure 25. Rest of Middle East Soymeal Revenue (USD Million) By Region (2021-2032)
Figure 26. South Africa Soymeal Revenue (USD Million) By Region (2021-2032)
Figure 27. Africa Soymeal Revenue (USD Million) By Region (2021-2032)
Figure 28. North America Soymeal Revenue (USD Million) By Type (2021-2032)
Figure 29. North America Soymeal Revenue (USD Million) By Application (2021-2032)
Figure 30. North America Soymeal Revenue (USD Million) By Product (2021-2032)
Figure 31. Europe Soymeal Revenue (USD Million) By Type (2021-2032)
Figure 32. Europe Soymeal Revenue (USD Million) By Application (2021-2032)
Figure 33. Europe Soymeal Revenue (USD Million) By Product (2021-2032)
Figure 34. Asia Pacific Soymeal Revenue (USD Million) By Type (2021-2032)
Figure 35. Asia Pacific Soymeal Revenue (USD Million) By Application (2021-2032)
Figure 36. Asia Pacific Soymeal Revenue (USD Million) By Product (2021-2032)
Figure 37. South America Soymeal Revenue (USD Million) By Type (2021-2032)
Figure 38. South America Soymeal Revenue (USD Million) By Application (2021-2032)
Figure 39. South America Soymeal Revenue (USD Million) By Product (2021-2032)
Figure 40. Middle East and Africa Soymeal Revenue (USD Million) By Type (2021-2032)
Figure 41. Middle East and Africa Soymeal Revenue (USD Million) By Application (2021-2032)
Figure 42. Middle East and Africa Soymeal Revenue (USD Million) By Product (2021-2032)
By Nature
Conventional
Organic
By End-User
Food & Beverages
Animal Feed
-Poultry
-Swine
-Aquaculture
-Others
Industrial Use
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 Soymeal Market Size is valued at $98.6 Billion in 2024 and is forecast to register a growth rate (CAGR) of 4.7% to reach $142.4 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
AdamPolSoya, Agrocorp International Pte Ltd, Irwing Soya, Kohinoor Feeds and Fats Pvt. Ltd, Louis Dreyfus Company B.V., Nordic Soya Ltd, Perdue Farms, The Scoular Company, Wilmar International, Yihai Kerry Investments Co. Ltd
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume