Soybean meal is the highly nutritive meal for the farm animals,it is used as a feed for the farm animals like chicks, horse, sheep, pig, andfish. It has high protein content which is important for the health of theanimals, it is the most used feed for livestock. It has been used as a standardfor comparing the protein content of food products. It is approved in theUnited States as an ideal feed for livestock and its production has increaseddue to control over slaughterhouse by-product as feed and encouraged the use ofsoybean meal due to high protein content it has and thus, increase in demand asprotein-rich source for livestock feed. Soybeanmeal market is forecasted to grow at the significant growth rate over nearfuture due to its extremely high protein content which is around 47-49% ofprotein content and other nutritional contents like crude fiber.
Soybean meal marketSegmentation
Soybean meal is segmented on the basis of the raw material asOrganic and inorganic. Due to rising health concerns people are preferringorganic soybean meals as organic products are good for health.
Soybean meal market is segmented on the basis of process ofproduction as normal soybean meal, De-hulled [min 50% protein] Hipro Soybeanmeal, and De-hulled [min. 48% protein] Hipro Soybean meal, Defatted soya flourtoasted, and de-fatted soya flakes toasted are available in the market. Normalsoybean meal has low protein content than the De-hulled soybean meal which hasaround 45-46% of crude protein content. Hulls are by-product, therefore, areremoved as they have no place in human food but are used for ruminants.
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Soybean meal is segmented on the basis of application in foodindustry, beverage, dietary supplements, and healthcare products. In foodmarket segment soymeal can be used for making soy-chunks and soy-granules.Flour of deflated soy is used to make nutritious biscuits. Isolates of proteinfrom soymeal are used as protein drinks. Product from soymeal are healthy andnutritious thus market demand from food and beverage market segments is high.In healthcare products market segment, soymeal is used to make products havingisoflavones which have chemical similarity to estrogen. Demand from dietarysupplement market segment is higher as soymeal is used to make calcium,magnesium, iron, and folic acid rich supplements.
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Soybean meal is segmented on the basis of distribution channelas supermarket, specialized stores, online stores and retail stores. Onlinestores are the most preferred mode of shopping for consumer and manufacturer asit is comfortable for both. Supermarkets also have gained good consumer base inlast 10 years and are expected to grow at a significant rate.
Soybean meal market: Regional Outlook
Soybean meal market is segmented into five key regions as NorthAmerica, Latin America, Europe, Asia-Pacific, and the Middle East and Africa.In Asia-Pacific region, China and India are the biggest producer of soybeanmeal. In the North American region United States is the major producer ofsoybean is followed by European Region countries like Argentina and Brazil. TheSoybean meal is exported all over the world as it is majorly used as livestockas feed and is also consumed by humans as a protein packed vegetable foodsource. Soybean market is expected to grow at the high rate and gain goodrevenue during the forecast period of 2017-2027.
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Soybean meal market: Drivers and Trends
Soybean meal is forecasted to generate extremely good revenueduring the period of 2017-2027 as it is packed with abundant protein content.It can be used as food for humans and livestock, used in healthcare products,and in the preparation of protein drinks. Owing to rising demand of soybeanmeal for the manufacture of protein supplements and feed for the livestock athigh rate manufacturers are manufacturing and launching various new products ofsoybean meal having improved content of protein. These factor the keydrivers of this market and the demand is expected to increase with everypassing year. To match the increased demand manufacturers are makingtheir strategies to stay the key player. Producing soymeal at a high rate dueto the increasing demands is a restraint for the soybean meal market as productionis limited. Increasing pet trend and pet health segment is another factordriving market demand for soybean meal market.
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Soybean meal market: Key Players
The global key players identified during the global soybean mealmarket analysis are Gauri agrotech products pvt. ltd., Vippy Industries Ltd,Bonne vie soybean meal, Mukwano group, Ghana Nuts Company limited, and Granol.These are the biggest soybean meal key players who are manufacturing goodquality of soybean meal for feed for livestock and food for humans. New marketplayer entries are expected in the global soybean meal market, due toincreasing demand from different segments.
TMR has followedthe C19-TREND approach forconducting a comprehensive analysis on the trends and changes in the food andbeverage sector due to the COVID-19 outbreak. Each factor is analyzed withscrutiny. These points have been compiled in the report and will assure greatassistance to the stakeholders and CXOs in developing sound businessstrategies.
Some C19-TRENDsthat TMR has focused upon while analyzing the food and beverage sector are asfollows:
CulinaryTourism
With the COVID-19outbreak limiting the number of traveling and dining opportunities forindividuals, many opt to experience the fun of a restaurant or destination atthe comfort of their homes. Ready-to-drink beverages are being focused upon toenable the consumers to feel the vibe of a particular destination. This aspectwill churn exponential growth.
Immunity-BoostingItems
A good immunitycan help individuals tackle COVID-19 with ease. Many consumers are switching toimmunity-boosting food and beverage items for improving their resistanceagainst further infections. Many well-established players are paying attentionon launching immunity-rich food and beverage products. This factor will attractpromising revenues.
Strengtheningof Home Delivery Mechanisms
Restaurants andfood chains were closed for a substantial time during the lockdown period.Thus, home delivery of food products, eatables, and groceries became the newnorm. Many people still prefer home delivery due to the fear of not venturingout. Home deliveries will play a crucial role in increasing the growthopportunities across the horizon of the food and beverages sector.
These are themajor trends that will influence the growth of the food and beverage industryconsiderably. Although, the food and beverage sector was exempt from thelockdown restrictions, many cases of supply chain disruptions were observed.With mass vaccination drives and certain relaxations in restrictions, thesupply chain disruptions will be minimized extensively.
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Our reports aresingle-point solutions for businesses to grow, evolve, and mature. Ourreal-time data collection methods along with ability to track more than onemillion high growth niche products are aligned with your aims. The detailed andproprietary statistical models used by our analysts offer insights for makingright decision in the shortest span of time. For organizations that requirespecific but comprehensive information we offer customized solutions throughadhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problemsolving methodologies and leveraging existing data repositories.
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