The Asia Pacific Soybean Meal Market would witness market growth of 5.4% CAGR during the forecast period (2022-2028).
It is anticipated that an increase in disposable income will lead to an increase in expenditure on organic goods, which will, in turn, lead to an increase in the market for organic products, especially in emerging nations such as India and China. During the production, processing, and storage phases of organic soy protein, there is a minimal amount of chemical and artificial additives, as well as preservatives and materials that are not made from organic sources.
Because these goods are manufactured from raw materials that are farmed organically, the major market participants are marketing soy products with organic labels because of this fact. There are three primary methods for extracting oil from soybeans: The use of a solvent in order to extract oil from soybean flakes is by far the most frequent method used.
This is the most effective approach, and after following it, there will be around 1.5% oil remaining in the soybean meal. The second technique is a mechanical one, and it involves extracting the material using a screw press (expeller). This technique produces a smaller amount of oil along with a soybean meal that has a residual oil content that is more than 5%. The third technique utilizes a solvent for the oil extraction process while also combining the extruding and expelling of soybean flakes.
The most important countries in the area in terms of the production of soybean meal are India, China, Bangladesh, Thailand, and Pakistan. In January 2021, the costs of domestic soybean meal in India suddenly began to rise without any prior notice. In recent weeks, costs have skyrocketed to levels that have never been seen before. Prices for soybean meal in August 2021 are now averaging $1,115, India rupee (INR) 83,000 per metric tonne (MT), which is 110 percent more than the minimum support price (MSP) set by the government, which is $531/MT (INR 39,500). At the beginning of July, the price of soybean meal reached a new all-time high of $1,350 per metric tonne (INR 100,050), while it averaged $1,243 per metric tonne (INR 92,500) in the local markets.
The China market dominated the Asia Pacific Soybean Meal Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $8,271.6 Million by 2028. The Japan market is estimated to grow a CAGR of 4.8% during (2022 - 2028). Additionally, The India market would experience a CAGR of 6.1% during (2022 - 2028).
Based on Distribution Channel, the market is segmented into Offline, Online, and B2B. Based on Nature, the market is segmented into Conventional, and Organic. Based on Application, the market is segmented into Animal Feed Industry, Food Industry, and Pharmaceutical. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Soybean Meal Market is Projected to reach USD 78.2 Billion by 2028, at a CAGR of 5.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bunge Limited, Louis Dreyfus Company B.V., Kemin Industries, Inc., The Scoular Company, Mamta Hygiene Products Pvt. Ltd, Mahesh Agro Food Industries, Nordic Soya Ltd., Denofa AS (Amaggi Agropecuária), DHN International, and Minnesota Soybean Processors.
Scope of the Study
Market Segments Covered in the Report:
By Distribution Channel
By Nature
By Application
- Animal Feed Industry
- Food Industry
- Pharmaceutical
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Bunge Limited
- Louis Dreyfus Company B.V.
- Kemin Industries, Inc.
- The Scoular Company
- Mamta Hygiene Products Pvt. Ltd
- Mahesh Agro Food Industries
- Nordic Soya Ltd.
- Denofa AS (Amaggi Agropecuária)
- DHN International
- Minnesota Soybean Processors
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Soybean Meal Market, by Distribution Channel
1.4.2 Asia Pacific Soybean Meal Market, by Nature
1.4.3 Asia Pacific Soybean Meal Market, by Application
1.4.4 Asia Pacific Soybean Meal Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Soybean Meal Market by Distribution Channel
3.1 Asia Pacific Offline Market by Country
3.2 Asia Pacific Online Market by Country
3.3 Asia Pacific B2B Market by Country
Chapter 4. Asia Pacific Soybean Meal Market by Nature
4.1 Asia Pacific Conventional Market by Country
4.2 Asia Pacific Organic Market by Country
Chapter 5. Asia Pacific Soybean Meal Market by Application
5.1 Asia Pacific Animal Feed Industry Market by Country
5.2 Asia Pacific Food Industry Market by Country
5.3 Asia Pacific Pharmaceutical Market by Country
Chapter 6. Asia Pacific Soybean Meal Market by Country
6.1 China Soybean Meal Market
6.1.1 China Soybean Meal Market by Distribution Channel
6.1.2 China Soybean Meal Market by Nature
6.1.3 China Soybean Meal Market by Application
6.2 Japan Soybean Meal Market
6.2.1 Japan Soybean Meal Market by Distribution Channel
6.2.2 Japan Soybean Meal Market by Nature
6.2.3 Japan Soybean Meal Market by Application
6.3 India Soybean Meal Market
6.3.1 India Soybean Meal Market by Distribution Channel
6.3.2 India Soybean Meal Market by Nature
6.3.3 India Soybean Meal Market by Application
6.4 South Korea Soybean Meal Market
6.4.1 South Korea Soybean Meal Market by Distribution Channel
6.4.2 South Korea Soybean Meal Market by Nature
6.4.3 South Korea Soybean Meal Market by Application
6.5 Singapore Soybean Meal Market
6.5.1 Singapore Soybean Meal Market by Distribution Channel
6.5.2 Singapore Soybean Meal Market by Nature
6.5.3 Singapore Soybean Meal Market by Application
6.6 Malaysia Soybean Meal Market
6.6.1 Malaysia Soybean Meal Market by Distribution Channel
6.6.2 Malaysia Soybean Meal Market by Nature
6.6.3 Malaysia Soybean Meal Market by Application
6.7 Rest of Asia Pacific Soybean Meal Market
6.7.1 Rest of Asia Pacific Soybean Meal Market by Distribution Channel
6.7.2 Rest of Asia Pacific Soybean Meal Market by Nature
6.7.3 Rest of Asia Pacific Soybean Meal Market by Application
Chapter 7. Company Profiles
7.1 Bunge Limited
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.2 Louis Dreyfus Company B.V.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.3 Kemin Industries, Inc.
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Partnerships, Collaborations, and Agreements:
7.3.2.2 Acquisition and Mergers:
7.4 The Scoular Company
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Geographical Expansions:
7.5 Mamta Hygiene Products Pvt. Ltd
7.5.1 Company Overview
7.6 Mahesh Agro Food Industries
7.6.1 Company Overview
7.7 Nordic Soya Ltd.
7.7.1 Company Overview
7.8 Denofa AS (Amaggi Agropecuária)
7.8.1 Company Overview
7.9 DHN International
7.9.1 Company Overview
7.10. Minnesota Soybean Processors
7.10.1 Company Overview
TABLE 1 Asia Pacific Soybean Meal Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Soybean Meal Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Soybean Meal Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Soybean Meal Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Offline Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Offline Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Online Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Online Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific B2B Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific B2B Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Soybean Meal Market by Nature, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Soybean Meal Market by Nature, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Conventional Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Conventional Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Organic Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Organic Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Soybean Meal Market by Application, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Soybean Meal Market by Application, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Animal Feed Industry Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Animal Feed Industry Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Food Industry Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Food Industry Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Pharmaceutical Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Pharmaceutical Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Soybean Meal Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Soybean Meal Market by Country, 2022 - 2028, USD Million
TABLE 27 China Soybean Meal Market, 2018 - 2021, USD Million
TABLE 28 China Soybean Meal Market, 2022 - 2028, USD Million
TABLE 29 China Soybean Meal Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 30 China Soybean Meal Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 31 China Soybean Meal Market by Nature, 2018 - 2021, USD Million
TABLE 32 China Soybean Meal Market by Nature, 2022 - 2028, USD Million
TABLE 33 China Soybean Meal Market by Application, 2018 - 2021, USD Million
TABLE 34 China Soybean Meal Market by Application, 2022 - 2028, USD Million
TABLE 35 Japan Soybean Meal Market, 2018 - 2021, USD Million
TABLE 36 Japan Soybean Meal Market, 2022 - 2028, USD Million
TABLE 37 Japan Soybean Meal Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 38 Japan Soybean Meal Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 39 Japan Soybean Meal Market by Nature, 2018 - 2021, USD Million
TABLE 40 Japan Soybean Meal Market by Nature, 2022 - 2028, USD Million
TABLE 41 Japan Soybean Meal Market by Application, 2018 - 2021, USD Million
TABLE 42 Japan Soybean Meal Market by Application, 2022 - 2028, USD Million
TABLE 43 India Soybean Meal Market, 2018 - 2021, USD Million
TABLE 44 India Soybean Meal Market, 2022 - 2028, USD Million
TABLE 45 India Soybean Meal Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 46 India Soybean Meal Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 47 India Soybean Meal Market by Nature, 2018 - 2021, USD Million
TABLE 48 India Soybean Meal Market by Nature, 2022 - 2028, USD Million
TABLE 49 India Soybean Meal Market by Application, 2018 - 2021, USD Million
TABLE 50 India Soybean Meal Market by Application, 2022 - 2028, USD Million
TABLE 51 South Korea Soybean Meal Market, 2018 - 2021, USD Million
TABLE 52 South Korea Soybean Meal Market, 2022 - 2028, USD Million
TABLE 53 South Korea Soybean Meal Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 54 South Korea Soybean Meal Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 55 South Korea Soybean Meal Market by Nature, 2018 - 2021, USD Million
TABLE 56 South Korea Soybean Meal Market by Nature, 2022 - 2028, USD Million
TABLE 57 South Korea Soybean Meal Market by Application, 2018 - 2021, USD Million
TABLE 58 South Korea Soybean Meal Market by Application, 2022 - 2028, USD Million
TABLE 59 Singapore Soybean Meal Market, 2018 - 2021, USD Million
TABLE 60 Singapore Soybean Meal Market, 2022 - 2028, USD Million
TABLE 61 Singapore Soybean Meal Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 62 Singapore Soybean Meal Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 63 Singapore Soybean Meal Market by Nature, 2018 - 2021, USD Million
TABLE 64 Singapore Soybean Meal Market by Nature, 2022 - 2028, USD Million
TABLE 65 Singapore Soybean Meal Market by Application, 2018 - 2021, USD Million
TABLE 66 Singapore Soybean Meal Market by Application, 2022 - 2028, USD Million
TABLE 67 Malaysia Soybean Meal Market, 2018 - 2021, USD Million
TABLE 68 Malaysia Soybean Meal Market, 2022 - 2028, USD Million
TABLE 69 Malaysia Soybean Meal Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 70 Malaysia Soybean Meal Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 71 Malaysia Soybean Meal Market by Nature, 2018 - 2021, USD Million
TABLE 72 Malaysia Soybean Meal Market by Nature, 2022 - 2028, USD Million
TABLE 73 Malaysia Soybean Meal Market by Application, 2018 - 2021, USD Million
TABLE 74 Malaysia Soybean Meal Market by Application, 2022 - 2028, USD Million
TABLE 75 Rest of Asia Pacific Soybean Meal Market, 2018 - 2021, USD Million
TABLE 76 Rest of Asia Pacific Soybean Meal Market, 2022 - 2028, USD Million
TABLE 77 Rest of Asia Pacific Soybean Meal Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 78 Rest of Asia Pacific Soybean Meal Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 79 Rest of Asia Pacific Soybean Meal Market by Nature, 2018 - 2021, USD Million
TABLE 80 Rest of Asia Pacific Soybean Meal Market by Nature, 2022 - 2028, USD Million
TABLE 81 Rest of Asia Pacific Soybean Meal Market by Application, 2018 - 2021, USD Million
TABLE 82 Rest of Asia Pacific Soybean Meal Market by Application, 2022 - 2028, USD Million
TABLE 83 Key Information – Bunge Limited
TABLE 84 Key Information – Louis Dreyfus Company B.V.
TABLE 85 Key Information – Kemin Industries, Inc.
TABLE 86 Key Information – The Scoular Company
TABLE 87 Key Information – Mamta Hygiene Products Pvt Ltd
TABLE 88 Key Information – Mahesh Agro Food Industries
TABLE 89 Key Information – Nordic Soya Ltd.
TABLE 90 Key Information – Denofa AS
TABLE 91 Key Information – DHN International
TABLE 92 Key Information – Minnesota Soybean Processors
List of Figures
FIG 1 Methodology for the research