Market Overview:

The global soybean meal market is experiencing substantial growth, driven by increasing demand for plant-based protein sources in animal feed, food production, and industrial applications. The market is projected to grow at a robust CAGR over the forecast period, with North America and Asia-Pacific emerging as dominant regions. The rising global preference for sustainable and cost-effective protein alternatives is further accelerating market expansion.

Competitive Landscape:

The soybean meal industry is characterized by intense competition among key players focusing on product innovation, strategic partnerships, and geographical expansion. Companies are increasingly investing in sustainable farming techniques and advanced processing methods to enhance product quality and meet evolving consumer demands. Leading firms in the sector include Cargill, Archer Daniels Midland Company, Wilmar International, CHS Inc., and Bunge Limited.

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Higher Demand in Key Regions:

 Regions such as Asia-Pacific and North America are witnessing increased demand due to rising livestock farming, aquaculture expansion, and growing consumer awareness about plant-based protein benefits. Additionally, Europe is observing steady growth, driven by sustainable agricultural practices and rising vegan trends.

Key Market Segments in Elderly Nutrition and Packaged Food Industry : 

by Source

• Organic
• Conventional

According to the source, over 60% of the soybean meal that is sold on the market has nutrients added to it to increase its value. The demand for Organic Soybean Meal has increased by 3% as a result of a rise in demand for organic products.

by Application

• Food Products
• Beverages
• Healthcare Products
• Dietary Supplements
• Animal Feed
• Others

According to application, soy flour, which is used to make soy milk and vegetable proteins, accounts for about 5% of the soybean meal produced worldwide. Over 40% of soybean meal is utilized as animal feed for pets, pigs, poultry, beef cattle, and dairy cattle. The nutraceutical industry is using soybean meal more frequently as a result of its high protein content and the growing demand for nutrient-rich goods. Soybean meal is used to make several nutrient-dense, non-dairy beverages.

by Distribution Channel

• Supermarket
• Convenience Store
• Specialty Store
• E-Commerce
• Others

According to distribution channels, specialty stores that sell nutrient-dense food items accounted for 30% of the unorganized market's sales of soybean meal. In the US and Europe, sales of soybean meal products through supermarkets and convenience stores have increased by 3.1%. The number of individuals visiting various e-commerce platforms to buy soybean meal has increased by 9% as a result of more people using the internet for shopping.

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Leading Companies Driving the Elderly Nutrition and Packaged Food Market : 

• Cargill, Inc.(US)
• Bonne Vie Soybean Meal(US)
• IDES Corporate(US)
• Minnesota Soybean Processors(US)
• Agrocorp International(Singapore)
• Wudi Deda Agriculture Co., Ltd.(Saudi Arabia)
• MJI Universal Pvt. Ltd.(Singapore)
• Agro Ind Group(Romania)
• Granol Industria(Switzerland)
• Denofa(Norway)
• Gimatex Industries Pvt. Ltd.(India)
• Eco Export(India)
• Gauri Agrotech Products Pvt. Ltd.(India)
• Vippy Industries Ltd.(India)
• Ajanta Soya Limited.(India)
• Titan Biotech(India)
•Mukwano Group(Uganda)
• Nordic Soya(Finland)
• Shafer Commodities Inc.(Canada)

 Check out our trending studies to understand industry shifts :

♦ https://www.openpr.com/news/3884427/global-coffee-shop-market-to-reach-usd-290-24-billion-by-2032 

♦ https://www.openpr.com/news/3884420/organic-tea-market-growth-accelerates-with-increasing-demand 

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