Feed Grade Soybean Meal Market size is estimated to be USD 51.23 Billion in 2024 and is expected to reach USD 75.12 Billion by 2033 at a CAGR of 5.5% from 2026 to 2033.
The global Feed Grade Soybean Meal Market was valued at USD 102.7 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% during the forecast period from 2023 to 2030. This growth is primarily driven by the increasing demand for high protein animal feed, particularly in poultry, swine, and cattle industries. Soybean meal remains a staple protein source due to its high digestibility and amino acid profile, making it a preferred choice among feed manufacturers. North America accounted for approximately USD 21.4 billion of the total market in 2022, with the United States leading the demand due to large scale livestock farming and integrated feed operations. Meanwhile, Europe contributed around USD 17.9 billion, with demand bolstered by stringent regulations around feed quality and safety, and increasing investments in sustainable livestock farming practices.
Asia Pacific emerged as the largest regional market with a valuation of approximately USD 42.8 billion in 2022, driven by rapid urbanization, rising meat consumption, and expanding livestock production in countries like China, India, and Vietnam. Latin America followed with USD 12.3 billion, supported by abundant soybean cultivation and growing export opportunities. The Middle East and Africa region, though smaller in size at USD 8.3 billion, is projected to witness higher than average growth due to increasing modernization of animal husbandry practices and rising demand for quality feed. Market opportunities lie in the adoption of non GMO soybean meal, increased focus on sustainable farming systems, and the development of region specific protein rich feed formulations that meet local livestock nutritional needs. Advancements in processing technologies and shifting preferences toward plant based protein sources are also likely to boost long term demand across key regions.
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ADM
Bunge
AGP
Cargill
Louis Dreyfus Company
Zeeland Farm Services
Hi-Pro Feeds
Vaighai Group
Vijaya
Mukwano Group
Sresta
Luowa
Sodrugestvo
Wilmar International
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Feed Grade Soybean Meal Market
Full-Fat Soybean Meal
Dehulled Soybean Meal
Non-Dehulled Soybean Meal
Poultry Feed
Swine Feed
Aquaculture Feed
Cattle Feed
Pets Nutrition
High-Protein Soybean Meal
Low-Protein Soybean Meal
Solvent Extracted Soybean Meal
Cold Pressed Soybean Meal
Expeller Pressed Soybean Meal
Bulk Packaging
Bagged Packaging
Custom Packaging
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Feed Grade Soybean Meal Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Feed Grade Soybean Meal Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Feed Grade Soybean Meal Market, By Type
6. Global Feed Grade Soybean Meal Market, By Application
7. Global Feed Grade Soybean Meal Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Feed Grade Soybean Meal Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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