Soybean Meal Market Size and Share Forecast Outlook (2024 to 2034)

The global Soybean Meal Market is expected to rise at a CAGR of 4.8% over the forecast period. The market is projected to reach a valuation of USD 98.6 billion in 2024 and USD 157.8 billion by 2034.

Attributes Key Insights
Estimated Global Soybean Meal Market Size (2024E) USD 98.6 billion
Projected Soybean Meal Market Value (2034F) USD 157.8 billion
Value-based CAGR (2024 to 2034) 4.8%

With the growing global population, there is a rising need for meat and poultry products. Soybean meal provides a cost-effective and protein-rich feed ingredient, which is essential for the growth and development of animals.

Soybean meal is gaining appeal as a source of protein for plant-based food items because of its nutritional benefits and the growing popularity of vegetarian & vegan diets. Due to its high protein content, it is also utilized in several food applications, including drinks, confections, and bakeries.

Rising demand for soybean meal from the animal feed industry is further expected to surge the market growth. The need for biodiesel as a significant substitute for gasoline and diesel is growing globally. Since soybeans are used to make biodiesel, the market for soybean meal is projected to expand throughout the forecast period.

The demand for soybean meal is continuously rising in several parts of the world. China, the United States, and India are seeing a surge in the production and consumption of soybean meal products because of the growing number of farm and pet animals.

Sales Analysis of Soybean Meal (2019 to 2023) vs Forecast (2024 to 2034)

From 2019 to 2023, the soybean meal market has been marked by steady growth driven by the increasing demand for high-protein and chemical-free agricultural commodities. From being a specialty crop, soybeans have become a significant agricultural product.

The popularity of soybeans can be attributed to their use as a rotation crop and their adaptability in producing a wide range of goods, such as soybean meal for animal feed. Dairy and meat consumption has increased as a result of rising global income and population expansion.

Soybean meal gained a surging demand as a vital component of animal feed as a result of the growth of the livestock and poultry industries. The manufacturing of soybean meal was made more efficient by developments in processing technologies, such as solvent extraction techniques.

High yields and the availability of soybean meal are set to be facilitated by improved extraction techniques. The market is further expected to rise considerably during this forecast period, driven by the increasing vegan population, growing applications in food & beverages, and demand from the feed industry.

Emerging Trends Reshaping the Soybean Meal Industry

  • Increasing demand for soybean meal in the food and beverage industry.
  • Growing consumer interest in plant-based food solutions.
  • Development of new products, such as non-GMO tofu.
  • Increasing consumer awareness about the nutritional benefits of soybean meal is driving its demand in the food industry, especially in vegetarian and vegan products.
  • Technological advancements in soybean meal production.
  • Increasing global soybean production.
  • Increasing use in industrial applications such as biofuels, biodiesel, and industrial chemicals.
  • Sustained advancements in soybean extraction techniques are influencing soybean meals' nutritional value and affordability.

Key Restraints Impacting Growth in the Soybean Meal Market

  • As soybean crops are weather-sensitive, unfavorable weather occurrences like floods, droughts, and other natural disasters are set to affect harvests. The prices and availability of soybean meal are expected to fluctuate due to crop production variability.
  • The market for soybean meal is expected to be impacted by the emergence of substitute protein sources for animal feed, such as synthetic or insect-based proteins.
  • The flow of soybean meal on the international market is set to be affected by trade disputes, tariffs, or trade restrictions between the leading nations that produce and consume soybeans.

Analysis of Top Countries Producing and Exporting Soybean Meal

The table below shows the estimated growth rates of the top four countries. China, India, and Australia are set to record high CAGRs of 4.2%, 5.5%, and 5.0%, respectively, through 2034.

Countries CAGR
United States 3.8%
China 4.2%
India 5.5%
Australia 5.0%

Growing Interest in High-protein Meal in China Inflating Market Growth

The demand for soybean meal is increasing in China, with a projected CAGR of 4.2% through 2034. Emerging patterns in the market are as follows:

  • Soybean meal consumption is rising in China as a result of shifting dietary habits and a growing need for diets high in protein.
  • The demand for soybean meal in animal feed is driven by a shift in dietary patterns toward high protein intake resulting from growing disposable income.
  • In line with worldwide patterns, sustainability and environmental concerns are becoming important in China. This is set to influence the soybean industry's sourcing and processing strategies.

Growth Avenue for Key Vendors of Soybean Meal in the United States

Key players are investing significantly in the United States, as the country offers greater growth opportunities than its counterparts. Through 2034, the United States is projected to expand at a CAGR of 3.8%, driven by the following factors:

  • The cattle and poultry sectors in the United States significantly influence the demand for soybean meal. The meal is an essential source of protein for swine, poultry, and other feedstock for livestock.
  • Soybeans grown in the United States are genetically modified organisms (GMOs). GMO restrictions and national & international consumer concerns are influencing the soybean meal market in the United States.

Emerging Opportunities in Australia are Attracting Market Players

Australia’s soybean meal market is assessed to register a CAGR of 5.0% through 2034. The deployment of soybean meal is increasing on account of the following:

  • Sustainability techniques and environmental considerations are becoming significant in the agricultural industry in Australia.
  • Australia’s soybean growers and processors are implementing sustainable techniques to satisfy consumer demands and environmental regulations.
  • The demand for meat & dairy products and developments in the pet food sector is influencing the domestic use of soybean meal in Australia.

Robust Production Hub in Japan Upscaling the Market

Japan is expected to surge at a significant CAGR by 2034. The factors driving Japan's market growth are as follows:

  • In Japan, soybean meal is vital to animal feed ingredients, especially for the swine, aquaculture, and poultry sectors. The growth and dynamics of these sectors are intimately associated with the demand for soybean meal.
  • In order to meet the increasing demand for soy-based products such as soybean meal, Japan is investing in the expansion and modernization of its processing methods for soybeans.

Growing Technological Development is Accelerating Market Growth in India

The use of soybean meal is projected to increase in India at a CAGR of 5.5% through 2034. The factors driving the market’s growth are as follows:

  • India produces soybean meal with increased efficiency and quality due to ongoing technological developments in processing.
  • Innovations in processing tools and extraction techniques are expected to make India's soybean meal industry more competitive internationally.
  • India's soybean meal market is predicted to surge due to the growing use of soybean meal for human consumption in food items like nutritious and bakery goods for protein.

Soybean Meal Industry Analysis by Top Investment Segments

The below section shows the defatted soybean meal segment dominated by product type. It is expected to hold a market share of 45.0% by 2024. Based on nature, the conventional segment is anticipated to hold a dominant share through 2024. It is set to account for a share of 85.0% by 2024.

Segment Market Share (2024)
Defatted Soybean Meal (Product Type) 45.0%
Conventional (Nature) 85.0%
Feed (Application) 48.0%

Defatted Soybean Meal Tops the Product Type Category

Based on product type, defatted soybean meal is expected to hold a market share of 45.0% by 2024. Defatted soybean meal is obtained by removing most of the oil from soybeans, resulting in a higher protein content than full-fat soybean meal.

It is set to be widely used in animal feed. It is mainly preferred by manufacturers due to its high protein concentration and relatively low-fat content.

Defatted soybean meal is expected to be used as a plant-based source of protein in items, including dairy substitutes, meat substitutes, and protein-packed snacks. Defatted soybean meal is also projected to be used in the food sector due to the rising demand for sustainable protein sources and the growing popularity of plant-based diets.

Adoption of Soybean Meal in Feed Application to Surge through 2034

Based on application, feed is expected to hold a market share of 48.0% to reach a valuation of USD 47.3 billion by 2024. Soybean meal is widely used in the animal feed industry, particularly in dairy rations.

The cost-effectiveness of soybean meal compared to other protein-rich feed ingredients plays a significant role in its preference for animal feed. It is the most common protein source for all poultry, pigs, and dairy cattle compound feeds, containing a significant amount of crude protein. Soybean meal offers unsurpassed feeding value for several species, providing a complete source of plant-based protein, essential amino acids, and energy in one palatable package.

Competitive Landscape of the Soybean Meal Market

UFAC-UK, The United Soybean Board (USB), Satavie, SoyKitty, Afrizon Pte Ltd., and Mamta Hygiene Products Pvt Ltd are the leading players operating in the market. The market for soybean meal has a dynamic and diverse competitive environment. Leading players with a wide range of expertise are concentrating on research & development, environmentally friendly sourcing, and novel formulations.

Leading players are also prioritizing ecologically conscious methodologies, product certifications, and meeting the growing need for natural & sustainable feed ingredients. Key companies are further prioritizing quality and innovation and catering to customer preferences to maintain their market position and take advantage of the rising demand.

Recent Developments

  • In 2023, UFAC-UK launched a new partial soybean meal replacement for dairy diets.
  • In 2022, The United Soybean Board (USB) and The Yield Lab Institute launched the Soy Innovation Challenge to increase the value of soybean meal and explore new uses & markets for soybean meal.

Leading Companies in the Global Soybean Meal Industry

  • UFAC-UK
  • The United Soybean Board (USB)
  • Satavie
  • SoyKitty
  • Afrizon Pte Ltd.
  • Mamta Hygiene Products Pvt Ltd
  • Guru Soya Foods Pvt. Ltd.
  • Delta Equities LLC
  • Prorich Agro Private Limited
  • The Delong Co., Inc.

Top Segments Studied in the Soybean Meal Market

By Product Type:

  • Full-fat Soybean Meal
  • Defatted Soybean Meal
  • High-protein Types

By Nature:

  • Organic
  • Conventional

By Application:

  • Feed
    • Aquaculture
    • Livestock
    • Pet Food
  • Fertilizer
  • Food Additive
  • Others

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Middle East and Africa

Table of Content

  • 1. Executive Summary
  • 2. Market Overview
  • 3. Market Dynamics
  • 4. Value Chain Analysis and Operating Margins
  • 5. Global Market - Pricing Analysis
  • 6. Global Market Demand in Value (USD billion) and Volume (MT) Analysis 2019 to 2023 and Forecast, 2024 to 2034
  • 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product Type
    • 7.1. Full-fat Soybean Meal
    • 7.2. Defatted Soybean Meal
    • 7.3. High-protein Types
  • 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
    • 8.1. Feed
      • 8.1.1. Aquaculture
      • 8.1.2. Livestock
      • 8.1.3. Pet Food
    • 8.2. Fertilizer
    • 8.3. Food Additive
    • 8.4. Others
  • 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Nature
    • 9.1. Organic
    • 9.2. Conventional
  • 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
    • 10.1. North America
    • 10.2. Latin America
    • 10.3. Europe
    • 10.4. East Asia
    • 10.5. South Asia
    • 10.6. Oceania
    • 10.7. Middle East and Africa
  • 11. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
  • 12. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034
  • 13. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034
  • 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
  • 15. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034
  • 16. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034
  • 17. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034
  • 18. Country-level Market Analysis
  • 19. Market Structure Analysis
  • 20. Competition Analysis
    • 20.1. UFAC-UK
    • 20.2. The United Soybean Board (USB)
    • 20.3. Satavie
    • 20.4. SoyKitty
    • 20.5. Afrizon Pte Ltd.
    • 20.6. Mamta Hygiene Products Pvt Ltd
    • 20.7. Guru Soya Foods Pvt. Ltd.
    • 20.8. Delta Equities LLC
    • 20.9. Prorich Agro Private Limited
    • 20.10. The Delong Co., Inc.
    • 20.11. Other Players (On Additional Requests)
  • 21. Assumptions and Acronyms Used
  • 22. Research Methodology

List of Tables

Table 1: Global Market Value (US$ billion) Forecast by Region, 2019 to 2034

Table 2: Global Market Volume (MT) Forecast by Region, 2019 to 2034

Table 3: Global Market Value (US$ billion) Forecast by Product Type, 2019 to 2034

Table 4: Global Market Volume (MT) Forecast by Product Type, 2019 to 2034

Table 5: Global Market Value (US$ billion) Forecast by Application, 2019 to 2034

Table 6: Global Market Volume (MT) Forecast by Application, 2019 to 2034

Table 7: Global Market Value (US$ billion) Forecast by Nature, 2019 to 2034

Table 8: Global Market Volume (MT) Forecast by Nature, 2019 to 2034

Table 9: North America Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 10: North America Market Volume (MT) Forecast by Country, 2019 to 2034

Table 11: North America Market Value (US$ billion) Forecast by Product Type, 2019 to 2034

Table 12: North America Market Volume (MT) Forecast by Product Type, 2019 to 2034

Table 13: North America Market Value (US$ billion) Forecast by Application, 2019 to 2034

Table 14: North America Market Volume (MT) Forecast by Application, 2019 to 2034

Table 15: North America Market Value (US$ billion) Forecast by Nature, 2019 to 2034

Table 16: North America Market Volume (MT) Forecast by Nature, 2019 to 2034

Table 17: Latin America Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 18: Latin America Market Volume (MT) Forecast by Country, 2019 to 2034

Table 19: Latin America Market Value (US$ billion) Forecast by Product Type, 2019 to 2034

Table 20: Latin America Market Volume (MT) Forecast by Product Type, 2019 to 2034

Table 21: Latin America Market Value (US$ billion) Forecast by Application, 2019 to 2034

Table 22: Latin America Market Volume (MT) Forecast by Application, 2019 to 2034

Table 23: Latin America Market Value (US$ billion) Forecast by Nature, 2019 to 2034

Table 24: Latin America Market Volume (MT) Forecast by Nature, 2019 to 2034

Table 25: Europe Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 26: Europe Market Volume (MT) Forecast by Country, 2019 to 2034

Table 27: Europe Market Value (US$ billion) Forecast by Product Type, 2019 to 2034

Table 28: Europe Market Volume (MT) Forecast by Product Type, 2019 to 2034

Table 29: Europe Market Value (US$ billion) Forecast by Application, 2019 to 2034

Table 30: Europe Market Volume (MT) Forecast by Application, 2019 to 2034

Table 31: Europe Market Value (US$ billion) Forecast by Nature, 2019 to 2034

Table 32: Europe Market Volume (MT) Forecast by Nature, 2019 to 2034

Table 33: East Asia Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 34: East Asia Market Volume (MT) Forecast by Country, 2019 to 2034

Table 35: East Asia Market Value (US$ billion) Forecast by Product Type, 2019 to 2034

Table 36: East Asia Market Volume (MT) Forecast by Product Type, 2019 to 2034

Table 37: East Asia Market Value (US$ billion) Forecast by Application, 2019 to 2034

Table 38: East Asia Market Volume (MT) Forecast by Application, 2019 to 2034

Table 39: East Asia Market Value (US$ billion) Forecast by Nature, 2019 to 2034

Table 40: East Asia Market Volume (MT) Forecast by Nature, 2019 to 2034

Table 41: South Asia Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 42: South Asia Market Volume (MT) Forecast by Country, 2019 to 2034

Table 43: South Asia Market Value (US$ billion) Forecast by Product Type, 2019 to 2034

Table 44: South Asia Market Volume (MT) Forecast by Product Type, 2019 to 2034

Table 45: South Asia Market Value (US$ billion) Forecast by Application, 2019 to 2034

Table 46: South Asia Market Volume (MT) Forecast by Application, 2019 to 2034

Table 47: South Asia Market Value (US$ billion) Forecast by Nature, 2019 to 2034

Table 48: South Asia Market Volume (MT) Forecast by Nature, 2019 to 2034

Table 49: Oceania Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 50: Oceania Market Volume (MT) Forecast by Country, 2019 to 2034

Table 51: Oceania Market Value (US$ billion) Forecast by Product Type, 2019 to 2034

Table 52: Oceania Market Volume (MT) Forecast by Product Type, 2019 to 2034

Table 53: Oceania Market Value (US$ billion) Forecast by Application, 2019 to 2034

Table 54: Oceania Market Volume (MT) Forecast by Application, 2019 to 2034

Table 55: Oceania Market Value (US$ billion) Forecast by Nature, 2019 to 2034

Table 56: Oceania Market Volume (MT) Forecast by Nature, 2019 to 2034

Table 57: Middle East and Africa Market Value (US$ billion) Forecast by Country, 2019 to 2034

Table 58: Middle East and Africa Market Volume (MT) Forecast by Country, 2019 to 2034

Table 59: Middle East and Africa Market Value (US$ billion) Forecast by Product Type, 2019 to 2034

Table 60: Middle East and Africa Market Volume (MT) Forecast by Product Type, 2019 to 2034

Table 61: Middle East and Africa Market Value (US$ billion) Forecast by Application, 2019 to 2034

Table 62: Middle East and Africa Market Volume (MT) Forecast by Application, 2019 to 2034

Table 63: Middle East and Africa Market Value (US$ billion) Forecast by Nature, 2019 to 2034

Table 64: Middle East and Africa Market Volume (MT) Forecast by Nature, 2019 to 2034

List of Figures

Figure 1: Global Market Value (US$ billion) by Product Type, 2024 to 2034

Figure 2: Global Market Value (US$ billion) by Application, 2024 to 2034

Figure 3: Global Market Value (US$ billion) by Nature, 2024 to 2034

Figure 4: Global Market Value (US$ billion) by Region, 2024 to 2034

Figure 5: Global Market Value (US$ billion) Analysis by Region, 2019 to 2034

Figure 6: Global Market Volume (MT) Analysis by Region, 2019 to 2034

Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034

Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034

Figure 9: Global Market Value (US$ billion) Analysis by Product Type, 2019 to 2034

Figure 10: Global Market Volume (MT) Analysis by Product Type, 2019 to 2034

Figure 11: Global Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 12: Global Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 13: Global Market Value (US$ billion) Analysis by Application, 2019 to 2034

Figure 14: Global Market Volume (MT) Analysis by Application, 2019 to 2034

Figure 15: Global Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 16: Global Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 17: Global Market Value (US$ billion) Analysis by Nature, 2019 to 2034

Figure 18: Global Market Volume (MT) Analysis by Nature, 2019 to 2034

Figure 19: Global Market Value Share (%) and BPS Analysis by Nature, 2024 to 2034

Figure 20: Global Market Y-o-Y Growth (%) Projections by Nature, 2024 to 2034

Figure 21: Global Market Attractiveness by Product Type, 2024 to 2034

Figure 22: Global Market Attractiveness by Application, 2024 to 2034

Figure 23: Global Market Attractiveness by Nature, 2024 to 2034

Figure 24: Global Market Attractiveness by Region, 2024 to 2034

Figure 25: North America Market Value (US$ billion) by Product Type, 2024 to 2034

Figure 26: North America Market Value (US$ billion) by Application, 2024 to 2034

Figure 27: North America Market Value (US$ billion) by Nature, 2024 to 2034

Figure 28: North America Market Value (US$ billion) by Country, 2024 to 2034

Figure 29: North America Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 30: North America Market Volume (MT) Analysis by Country, 2019 to 2034

Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 33: North America Market Value (US$ billion) Analysis by Product Type, 2019 to 2034

Figure 34: North America Market Volume (MT) Analysis by Product Type, 2019 to 2034

Figure 35: North America Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 36: North America Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 37: North America Market Value (US$ billion) Analysis by Application, 2019 to 2034

Figure 38: North America Market Volume (MT) Analysis by Application, 2019 to 2034

Figure 39: North America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 40: North America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 41: North America Market Value (US$ billion) Analysis by Nature, 2019 to 2034

Figure 42: North America Market Volume (MT) Analysis by Nature, 2019 to 2034

Figure 43: North America Market Value Share (%) and BPS Analysis by Nature, 2024 to 2034

Figure 44: North America Market Y-o-Y Growth (%) Projections by Nature, 2024 to 2034

Figure 45: North America Market Attractiveness by Product Type, 2024 to 2034

Figure 46: North America Market Attractiveness by Application, 2024 to 2034

Figure 47: North America Market Attractiveness by Nature, 2024 to 2034

Figure 48: North America Market Attractiveness by Country, 2024 to 2034

Figure 49: Latin America Market Value (US$ billion) by Product Type, 2024 to 2034

Figure 50: Latin America Market Value (US$ billion) by Application, 2024 to 2034

Figure 51: Latin America Market Value (US$ billion) by Nature, 2024 to 2034

Figure 52: Latin America Market Value (US$ billion) by Country, 2024 to 2034

Figure 53: Latin America Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 54: Latin America Market Volume (MT) Analysis by Country, 2019 to 2034

Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 57: Latin America Market Value (US$ billion) Analysis by Product Type, 2019 to 2034

Figure 58: Latin America Market Volume (MT) Analysis by Product Type, 2019 to 2034

Figure 59: Latin America Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 61: Latin America Market Value (US$ billion) Analysis by Application, 2019 to 2034

Figure 62: Latin America Market Volume (MT) Analysis by Application, 2019 to 2034

Figure 63: Latin America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 65: Latin America Market Value (US$ billion) Analysis by Nature, 2019 to 2034

Figure 66: Latin America Market Volume (MT) Analysis by Nature, 2019 to 2034

Figure 67: Latin America Market Value Share (%) and BPS Analysis by Nature, 2024 to 2034

Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Nature, 2024 to 2034

Figure 69: Latin America Market Attractiveness by Product Type, 2024 to 2034

Figure 70: Latin America Market Attractiveness by Application, 2024 to 2034

Figure 71: Latin America Market Attractiveness by Nature, 2024 to 2034

Figure 72: Latin America Market Attractiveness by Country, 2024 to 2034

Figure 73: Europe Market Value (US$ billion) by Product Type, 2024 to 2034

Figure 74: Europe Market Value (US$ billion) by Application, 2024 to 2034

Figure 75: Europe Market Value (US$ billion) by Nature, 2024 to 2034

Figure 76: Europe Market Value (US$ billion) by Country, 2024 to 2034

Figure 77: Europe Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 78: Europe Market Volume (MT) Analysis by Country, 2019 to 2034

Figure 79: Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 80: Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 81: Europe Market Value (US$ billion) Analysis by Product Type, 2019 to 2034

Figure 82: Europe Market Volume (MT) Analysis by Product Type, 2019 to 2034

Figure 83: Europe Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 84: Europe Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 85: Europe Market Value (US$ billion) Analysis by Application, 2019 to 2034

Figure 86: Europe Market Volume (MT) Analysis by Application, 2019 to 2034

Figure 87: Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 88: Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 89: Europe Market Value (US$ billion) Analysis by Nature, 2019 to 2034

Figure 90: Europe Market Volume (MT) Analysis by Nature, 2019 to 2034

Figure 91: Europe Market Value Share (%) and BPS Analysis by Nature, 2024 to 2034

Figure 92: Europe Market Y-o-Y Growth (%) Projections by Nature, 2024 to 2034

Figure 93: Europe Market Attractiveness by Product Type, 2024 to 2034

Figure 94: Europe Market Attractiveness by Application, 2024 to 2034

Figure 95: Europe Market Attractiveness by Nature, 2024 to 2034

Figure 96: Europe Market Attractiveness by Country, 2024 to 2034

Figure 97: East Asia Market Value (US$ billion) by Product Type, 2024 to 2034

Figure 98: East Asia Market Value (US$ billion) by Application, 2024 to 2034

Figure 99: East Asia Market Value (US$ billion) by Nature, 2024 to 2034

Figure 100: East Asia Market Value (US$ billion) by Country, 2024 to 2034

Figure 101: East Asia Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 102: East Asia Market Volume (MT) Analysis by Country, 2019 to 2034

Figure 103: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 104: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 105: East Asia Market Value (US$ billion) Analysis by Product Type, 2019 to 2034

Figure 106: East Asia Market Volume (MT) Analysis by Product Type, 2019 to 2034

Figure 107: East Asia Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 108: East Asia Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 109: East Asia Market Value (US$ billion) Analysis by Application, 2019 to 2034

Figure 110: East Asia Market Volume (MT) Analysis by Application, 2019 to 2034

Figure 111: East Asia Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 112: East Asia Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 113: East Asia Market Value (US$ billion) Analysis by Nature, 2019 to 2034

Figure 114: East Asia Market Volume (MT) Analysis by Nature, 2019 to 2034

Figure 115: East Asia Market Value Share (%) and BPS Analysis by Nature, 2024 to 2034

Figure 116: East Asia Market Y-o-Y Growth (%) Projections by Nature, 2024 to 2034

Figure 117: East Asia Market Attractiveness by Product Type, 2024 to 2034

Figure 118: East Asia Market Attractiveness by Application, 2024 to 2034

Figure 119: East Asia Market Attractiveness by Nature, 2024 to 2034

Figure 120: East Asia Market Attractiveness by Country, 2024 to 2034

Figure 121: South Asia Market Value (US$ billion) by Product Type, 2024 to 2034

Figure 122: South Asia Market Value (US$ billion) by Application, 2024 to 2034

Figure 123: South Asia Market Value (US$ billion) by Nature, 2024 to 2034

Figure 124: South Asia Market Value (US$ billion) by Country, 2024 to 2034

Figure 125: South Asia Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 126: South Asia Market Volume (MT) Analysis by Country, 2019 to 2034

Figure 127: South Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 128: South Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 129: South Asia Market Value (US$ billion) Analysis by Product Type, 2019 to 2034

Figure 130: South Asia Market Volume (MT) Analysis by Product Type, 2019 to 2034

Figure 131: South Asia Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 132: South Asia Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 133: South Asia Market Value (US$ billion) Analysis by Application, 2019 to 2034

Figure 134: South Asia Market Volume (MT) Analysis by Application, 2019 to 2034

Figure 135: South Asia Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 136: South Asia Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 137: South Asia Market Value (US$ billion) Analysis by Nature, 2019 to 2034

Figure 138: South Asia Market Volume (MT) Analysis by Nature, 2019 to 2034

Figure 139: South Asia Market Value Share (%) and BPS Analysis by Nature, 2024 to 2034

Figure 140: South Asia Market Y-o-Y Growth (%) Projections by Nature, 2024 to 2034

Figure 141: South Asia Market Attractiveness by Product Type, 2024 to 2034

Figure 142: South Asia Market Attractiveness by Application, 2024 to 2034

Figure 143: South Asia Market Attractiveness by Nature, 2024 to 2034

Figure 144: South Asia Market Attractiveness by Country, 2024 to 2034

Figure 145: Oceania Market Value (US$ billion) by Product Type, 2024 to 2034

Figure 146: Oceania Market Value (US$ billion) by Application, 2024 to 2034

Figure 147: Oceania Market Value (US$ billion) by Nature, 2024 to 2034

Figure 148: Oceania Market Value (US$ billion) by Country, 2024 to 2034

Figure 149: Oceania Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 150: Oceania Market Volume (MT) Analysis by Country, 2019 to 2034

Figure 151: Oceania Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 152: Oceania Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 153: Oceania Market Value (US$ billion) Analysis by Product Type, 2019 to 2034

Figure 154: Oceania Market Volume (MT) Analysis by Product Type, 2019 to 2034

Figure 155: Oceania Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 156: Oceania Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 157: Oceania Market Value (US$ billion) Analysis by Application, 2019 to 2034

Figure 158: Oceania Market Volume (MT) Analysis by Application, 2019 to 2034

Figure 159: Oceania Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 160: Oceania Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 161: Oceania Market Value (US$ billion) Analysis by Nature, 2019 to 2034

Figure 162: Oceania Market Volume (MT) Analysis by Nature, 2019 to 2034

Figure 163: Oceania Market Value Share (%) and BPS Analysis by Nature, 2024 to 2034

Figure 164: Oceania Market Y-o-Y Growth (%) Projections by Nature, 2024 to 2034

Figure 165: Oceania Market Attractiveness by Product Type, 2024 to 2034

Figure 166: Oceania Market Attractiveness by Application, 2024 to 2034

Figure 167: Oceania Market Attractiveness by Nature, 2024 to 2034

Figure 168: Oceania Market Attractiveness by Country, 2024 to 2034

Figure 169: Middle East and Africa Market Value (US$ billion) by Product Type, 2024 to 2034

Figure 170: Middle East and Africa Market Value (US$ billion) by Application, 2024 to 2034

Figure 171: Middle East and Africa Market Value (US$ billion) by Nature, 2024 to 2034

Figure 172: Middle East and Africa Market Value (US$ billion) by Country, 2024 to 2034

Figure 173: Middle East and Africa Market Value (US$ billion) Analysis by Country, 2019 to 2034

Figure 174: Middle East and Africa Market Volume (MT) Analysis by Country, 2019 to 2034

Figure 175: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 176: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 177: Middle East and Africa Market Value (US$ billion) Analysis by Product Type, 2019 to 2034

Figure 178: Middle East and Africa Market Volume (MT) Analysis by Product Type, 2019 to 2034

Figure 179: Middle East and Africa Market Value Share (%) and BPS Analysis by Product Type, 2024 to 2034

Figure 180: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product Type, 2024 to 2034

Figure 181: Middle East and Africa Market Value (US$ billion) Analysis by Application, 2019 to 2034

Figure 182: Middle East and Africa Market Volume (MT) Analysis by Application, 2019 to 2034

Figure 183: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 184: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 185: Middle East and Africa Market Value (US$ billion) Analysis by Nature, 2019 to 2034

Figure 186: Middle East and Africa Market Volume (MT) Analysis by Nature, 2019 to 2034

Figure 187: Middle East and Africa Market Value Share (%) and BPS Analysis by Nature, 2024 to 2034

Figure 188: Middle East and Africa Market Y-o-Y Growth (%) Projections by Nature, 2024 to 2034

Figure 189: Middle East and Africa Market Attractiveness by Product Type, 2024 to 2034

Figure 190: Middle East and Africa Market Attractiveness by Application, 2024 to 2034

Figure 191: Middle East and Africa Market Attractiveness by Nature, 2024 to 2034

Figure 192: Middle East and Africa Market Attractiveness by Country, 2024 to 2034

Frequently Asked Questions

How big is the soybean meal market?

The market is set to reach USD 98.6 billion in 2024.

What is the forecast for the soybean meal market?

Demand for soybean meal is slated to expand at a 4.8% CAGR by 2034.

What is the outlook for the soybean meal market?

The market is set to reach USD 157.8 billion in 2034.

Who are the key players in the soybean meal market sphere?

Satavie, SoyKitty, and Afrizon Pte Ltd. are the key players.

Which product type would lead the soybean meal market?

The defatted soybean meal segment is estimated to hold a market share of 45.0% in 2024.

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