Organic Soymeal Market Size was valued at USD 311.84 billion in 2023. The Organic Soymeal industry is anticipated to grow from USD 355.15 billion in 2024 to USD 1073.02 billion by 2032, exhibiting a CAGR of 14.82% during the forecast period (2024 - 2032). The high nutritional value of organic soymeal and major application as a protein supplement due to high protein content is likely to drive the global organic soymeal market over the forecast period. Additionally, high demand for defatted soybean meal is anticipated to further propel the growth of soybean meal market.
Asia Pacific will dominate the organic soymeal market (in terms of value and volume both) with more than 35% of the market share and it is projected to reach a market value of more than USD 200 million at a CAGR of 18.15% by 2022. Latin America is projected witness a high growth rate of 18.25% during the given period owning to high production volume of soybean in the region. Rising demand for organic ingredients in animal feed has also been playing a key role in the growth of the global organic soymeal industry from last few years. Furthermore, the high demand for healthy chemical-free protein contains food products has increased the sale of organic soymeal on the global level owing to its high nutritional value.
On the basis of application, the application of organic soymeal for human food will dominate the market and is projected to hold a lion’s share of more than 95% in the global market. Increasing health consciousness among the consumers is one of the major drivers organic soymeal market. Rising awareness about the health benefits of organic food products is likely to influence the growth of this market, positively. Animal feed-based application of organic soybean is also projected to grow at a high rate during the given forecast period.
In February 2023, Stable, a company that offers technology-driven solutions for managing commodity price risks, introduced the world's first organic soybean meal hedge. The transaction will be resolved based on the Fastmarkets organic soybean meal Midwest US price. According to Fastmarkets price reporting data, the price of organic soybean meal in the Midwest US has experienced a significant decrease of 29% in the last six months. This fall comes after a substantial increase of 110% in the preceding 18 months.
The fluctuation in pricing necessitates agrifood enterprises to enhance their risk management strategies. Fastmarkets, being in an advantageous position, can offer impartial and standard prices to assist the industry in tackling these difficulties. The integration of Stable's price risk management tools with Fastmarkets' organic and non-GMO indexes will enable organic grain and oilseed producers and consumers to mitigate the potential impact of abrupt price fluctuations.
This is the first instance in history where price protection has been enabled for organic soybean meal, an unlisted agricultural commodity that previously had no effective means of managing price risk. The combination of increasing demand and increased volatility in organic markets highlights the necessity for the kind of risk management that Stable, with the assistance of strategic partners such as Fastmarkets, provides to its customers.
Some of the leading players in the global organic Soymeal market are: Sapthsathi Organic Agriculture project (S.O.A.P.) (India), Soni Soya Products Pvt Ltd (India), AFG Brasil S/A (Brazil), Grain Millers Inc. (U.S.), Perdue Farms (U.S.), Tyson Foods Inc. (U.S.), Pilgrim's Pride (U.S.)
Study Objectives of Organic Soymeal Market
Key Findings
Regional and Country Analysis of Organic Soymeal Market Development and the Demand Forecast
As per the MRFR analysis, the global market for organic soymeal has been witnessing continued demand during the forecast period owning to the rising population of consumers adopting organic and healthy food consumption trends. In terms of value and volume, Asia Pacific is estimated to dominate the organic soymeal market holding the lion’s share of more than 95%. Also, Latin America will hold the second-largest share in the global organic soymeal market and is projected to grow at a rate of 18.25%
The organic soymeal industry remains in a holding pattern regarding imports, particularly from India. Here's a breakdown of the situation
High Demand, Uncertain Supply: Organic soymeal demand is flourishing, driven by consumer preference for organic products. However, concerns persist about the stability of supply, especially with accusations of unfair trade practices against Indian imports.
Petition for Fair Trade: In March 2021, the Organic Soybean Processors of America (OSPA) filed a petition with the US Commerce Department. They argued that subsidized Indian imports were harming domestic producers
Stalemate on Resolution: The issue of import duties remains unresolved. This creates uncertainty for both domestic producers and organic livestock and poultry farmers who rely on organic soymeal for feed.The future of organic soymeal hinges on finding a solution that ensures a fair playing field for domestic producers while meeting the growing demand for organic products.
North America
Latin America
Europe
Asia Pacific
The Middle East and Africa
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 311.84 Billion |
| Market Size 2024 | USD 355.15 Billion |
| Market Size 2032 | USD 1073.02 Billion |
| Compound Annual Growth Rate (CAGR) | 14.82% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Market Forecast Units | Â Value (USD million) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Â by Application, and Region |
| Geographies Covered | Â Â North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Countries Covered | The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea |
| Key Companies Profiled | Â Sapthsathi Organic Agriculture project (S.O.A.P.) (India), Soni Soya Products Pvt Ltd (India), AFG Brasil S/A (Brazil), Grain Millers Inc. (U.S.), Perdue Farms (U.S.), Tyson Foods Inc. (U.S.), Pilgrim's Pride (U.S.) |
| Key Market Opportunities | Â high demand for defatted soybean meal |
|  Key Market Drivers       | · High nutritional value of organic soymeal · Rising demand for organic ingredients in animal feed  |
Organic Soymeal Market Highlights:
Frequently Asked Questions (FAQ) :
organic soymeal market is projected to grow at approximately 14.82% CAGR during the assessment period (2024-2032).
organic soymeal market is estimated to reach a valuation of approx. USD 1073.02 MN by the end of 2032.
Sapthsathi Organic Agriculture project (India), Grain Millers Inc. (U.S.), AFG Brasil S/A (Brazil), Soni Soya Products Pvt. Ltd (India), Perdue Farms (U.S.), Pilgrim's Pride (U.S.), and Tyson Foods Inc. (U.S.), are some of the top players operating in the global organic soymeal market.
Asia Pacific holds the largest share in the global organic soymeal market, followed by North America and Europe, respectively.
Human Food is the largest application segment in the global organic soymeal market.
Research Analyst Level II I have a degree in engineering (civil), with masters in business administration (marketing). with more than 4 years of experience in market research and consulting, i am involved in end-to-end process of market research, proposals, project kickoffs and delivery. i have research knowledge and expertise in consumer goods/packaging domain. also i have worked for various other domains like construction & equipment. effectively managed and delivered more than 60 report studies for regional as well as global clientele.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
