MARKET INTRODUCTION
Soybean meal refers to the byproduct after the oil is extracted from soybean oils. It is not only used in food and animal meals as a source of protein supplement, but is also a valuable source of metabolized energy. Some soybean meal also contain ground hulls of soybean. Soybean meal are of two types, namely high protein soybean meal and conventional soybean meal. One bushel of soybean meal yields 21.8 kilograms of soybean oil.
MARKET DYNAMICS
The restrictions placed on the slaughterhouse by product is a major factor driving the soybean meal market. Increase in the health beneifts offered by soybean meals and its usage to feed the the number of livestock and other animals is another factor driving the soybean meal market. Despite of the high demand for soybean meal, its production is limited, which acts as a restrain for the soybean meal market. Increasing pet trent and the need for better pet health is expected to boost the soybean market in the years to come.
MARKET SCOPE
The "Global Soybean meal Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the soybean meal market with detailed market segmentation by raw material, process of production, application and geography. The global soybean meal market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading soybean meal market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global soybean meal market is segmented on the basis of raw material, process of production, application and geography. On the basis of raw material, the soybean meal market is segmented into organic and inorganic. As per process of production, the soybean meal market is broken into de-hulled (min 50% protein), de-hulled (min 48% protein) and hipro soybean meal. On the basis of application, the soybean meal is bifurcated into animal feed, food industry, beverage and health product and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global soybean meal market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The soybean meal market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the soybean meal market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the soybean meal market in these regions.
MARKET PLAYERS
The reports cover key developments in the soybean meal market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from soybean meal market are anticipated to lucrative growth opportunities in the future with the rising demand for soybean meal in the global market. Below mentioned is the list of few companies engaged in the soybean meal market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the soybean meal market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Gauri Agrotech Products Pvt. Ltd.
- Ghana Nuts Company Limited
- Mukwano group of companies
- Process Agrochem Industries Private Limited
- Unique Organics Limited
- Vippy Industries Ltd.
- Other Companies
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.