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organic soymeal market is experiencing significant trends driven by various factors influencing the food industry, consumer preferences, and agricultural practices worldwide. One prominent trend is the growing demand for organic and non-GMO (genetically modified organism) food products among health-conscious consumers. As people become more aware of the potential health and environmental impacts of conventional farming practices, there is a rising preference for organic soymeal derived from soybeans cultivated without synthetic pesticides, fertilizers, or genetically modified seeds. This shift towards organic food choices reflects a broader movement towards sustainable and ethical consumption patterns.
Furthermore, the increasing adoption of plant-based diets and vegetarianism/veganism is driving the demand for organic soymeal as a versatile and nutritious protein source. Soybeans are renowned for their high protein content and amino acid profile, making them a popular choice for plant-based meat alternatives, dairy substitutes, and vegetarian protein sources. With the rising awareness of the health benefits associated with plant-based diets, there is a growing market for organic soymeal-based products, including tofu, soy milk, meat analogs, and protein powders.
Another key trend shaping the organic soymeal market is the emphasis on sustainable agriculture and soil health. Organic farming practices prioritize soil conservation, biodiversity, and natural resource management, leading to improved soil fertility and ecosystem resilience. Organic soymeal production involves crop rotation, cover cropping, and biological pest control methods, which enhance soil health and reduce the environmental footprint of agriculture. As sustainability becomes a top priority for consumers, food manufacturers, and policymakers alike, there is a growing demand for organic soymeal produced through ecologically responsible farming practices.
Moreover, the increasing consumer awareness of food safety and transparency is driving the demand for organic soymeal as a trusted and traceable food ingredient. Organic certification standards ensure that organic soymeal is produced according to strict regulations governing soil management, pest control, and genetic engineering practices. Consumers trust organic certification labels as a guarantee of product quality, purity, and adherence to ethical farming standards. This transparency and assurance of food safety are driving the growth of the organic soymeal market, as consumers seek healthier and more environmentally friendly food choices.
Additionally, the rise of e-commerce and online grocery platforms is facilitating greater accessibility to organic soymeal products, driving market expansion. Online retailers offer a wide selection of organic food products, including soymeal, catering to the growing demand from health-conscious consumers seeking convenient shopping options. E-commerce platforms provide a convenient avenue for consumers to purchase organic soymeal products, regardless of their geographical location or access to brick-and-mortar health food stores. This accessibility and convenience are driving the penetration of organic soymeal into new markets and demographic segments, contributing to market growth.
Furthermore, the increasing adoption of organic farming practices and certification standards by soybean producers is boosting the supply of organic soymeal in the market. As consumer demand for organic food products continues to rise, more farmers are transitioning to organic agriculture to capitalize on premium prices and market opportunities. This expansion of organic soybean production is increasing the availability of organic soymeal for food manufacturers and retailers, driving market growth and diversification. Additionally, government support for organic agriculture through subsidies, incentives, and research programs is encouraging more farmers to adopt organic farming practices, further fueling the growth of the organic soymeal market
Organic Soymeal Market Highlights:
Global Organic Soymeal Market Overview
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.
Recent News :
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.
Key Players
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
- Detailed analysis for individual micro and macro markets for organic soymeal
- To estimate market size by application and region
- To understand the supply and demand dynamics of organic soymeal
- To provide region level market analysis and future outlook for U.S., Brazil, Russia, China and others
- Company profiling of major players and competitive positioning for the organic soymeal market
- Value chain analysis and supply chain analysis of organic soymeal
- Analysis of historical market trends and technologies, and current government regulatory requirements related to organic soymeal market
Target Audience
- Organic soymeal manufacturers
- Organic soymeal feed manufacturers
- Retailers and wholesalers
- Traders, importers and exporters
Key Findings
- The global Organic Soymeal market is projected to reach USD 623.31million by 2022 at a growth rate of 17.98%
- Latin America will experience the highest growth at a rate of 18.25% during the given forecast period
- Application of organic soymeal for human food use is projected to have the highest growth rate of 18%
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%
Recent Developments
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
- U.S.
- Canada
- Mexico
Latin America
- Brazil
- Argentina
- Others
Europe
- Germany
- Spain
- Others
Asia Pacific
- China
- India
- Others
The Middle East and Africa
- Egypt
- Iran
- Others
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