The North America Soybean Meal Market would witness market growth of 4.4% CAGR during the forecast period (2022-2028).
In comparison to cereal grains, soybean meal has a higher concentration of calcium and phosphorus. In recent years, full-fat roasted soybeans have emerged as an important component of the diets of dairy cattle, especially in countries that have a high standard of living. It has also been established that feeding full-fat soybeans may raise milk concentrations of conjugated linoleic acid, a chemical that has been related to a decreased risk of cancer in individuals.
Soybeans are the oilseed crop that is grown in the greatest quantity on a scale. Soybeans are a crop that is grown seasonally and may flourish in many different types of conditions. The oil content of soybeans ranges from 16–21% on average, and the bean is normally extracted using a solvent.
Education of nutritionists, veterinarians, animal producers, and feed makers enables these individuals to enhance their operations, which in turn promotes demand for soybean meal produced in the United States. The expansion of the local market would be boosted by the rising popularity of plant-based foods among younger and more varied groups of consumers in the United States. As per the Centers for Disease Control and Prevention (CDC), in the year 2020, there will be 34.1 million persons in the United States of America between the ages of 20 and 79 who suffer from diabetes. This would result in an increase in demand for nutritious food items, such as plant-based alternatives to meat, in the area.
The US market dominated the North America Soybean Meal Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $16,411.1 Million by 2028. The Canada market is poised to grow at a CAGR of 6.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 6.2% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Soybean Meal Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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 North America Soybean Meal Market, by Distribution Channel
1.4.2 North America Soybean Meal Market, by Nature
1.4.3 North America Soybean Meal Market, by Application
1.4.4 North America 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. North America Soybean Meal Market by Distribution Channel
3.1 North America Offline Market by Country
3.2 North America Online Market by Country
3.3 North America B2B Market by Country
Chapter 4. North America Soybean Meal Market by Nature
4.1 North America Conventional Market by Country
4.2 North America Organic Market by Country
Chapter 5. North America Soybean Meal Market by Application
5.1 North America Animal Feed Industry Market by Country
5.2 North America Food Industry Market by Country
5.3 North America Pharmaceutical Market by Country
Chapter 6. North America Soybean Meal Market by Country
6.1 US Soybean Meal Market
6.1.1 US Soybean Meal Market by Distribution Channel
6.1.2 US Soybean Meal Market by Nature
6.1.3 US Soybean Meal Market by Application
6.2 Canada Soybean Meal Market
6.2.1 Canada Soybean Meal Market by Distribution Channel
6.2.2 Canada Soybean Meal Market by Nature
6.2.3 Canada Soybean Meal Market by Application
6.3 Mexico Soybean Meal Market
6.3.1 Mexico Soybean Meal Market by Distribution Channel
6.3.2 Mexico Soybean Meal Market by Nature
6.3.3 Mexico Soybean Meal Market by Application
6.4 Rest of North America Soybean Meal Market
6.4.1 Rest of North America Soybean Meal Market by Distribution Channel
6.4.2 Rest of North America Soybean Meal Market by Nature
6.4.3 Rest of North America 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 North America Soybean Meal Market, 2018 - 2021, USD Million
TABLE 2 North America Soybean Meal Market, 2022 - 2028, USD Million
TABLE 3 North America Soybean Meal Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 4 North America Soybean Meal Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 5 North America Offline Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Offline Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Online Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Online Market by Country, 2022 - 2028, USD Million
TABLE 9 North America B2B Market by Country, 2018 - 2021, USD Million
TABLE 10 North America B2B Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Soybean Meal Market by Nature, 2018 - 2021, USD Million
TABLE 12 North America Soybean Meal Market by Nature, 2022 - 2028, USD Million
TABLE 13 North America Conventional Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Conventional Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Organic Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Organic Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Soybean Meal Market by Application, 2018 - 2021, USD Million
TABLE 18 North America Soybean Meal Market by Application, 2022 - 2028, USD Million
TABLE 19 North America Animal Feed Industry Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Animal Feed Industry Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Food Industry Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Food Industry Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Pharmaceutical Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Pharmaceutical Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Soybean Meal Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Soybean Meal Market by Country, 2022 - 2028, USD Million
TABLE 27 US Soybean Meal Market, 2018 - 2021, USD Million
TABLE 28 US Soybean Meal Market, 2022 - 2028, USD Million
TABLE 29 US Soybean Meal Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 30 US Soybean Meal Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 31 US Soybean Meal Market by Nature, 2018 - 2021, USD Million
TABLE 32 US Soybean Meal Market by Nature, 2022 - 2028, USD Million
TABLE 33 US Soybean Meal Market by Application, 2018 - 2021, USD Million
TABLE 34 US Soybean Meal Market by Application, 2022 - 2028, USD Million
TABLE 35 Canada Soybean Meal Market, 2018 - 2021, USD Million
TABLE 36 Canada Soybean Meal Market, 2022 - 2028, USD Million
TABLE 37 Canada Soybean Meal Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 38 Canada Soybean Meal Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 39 Canada Soybean Meal Market by Nature, 2018 - 2021, USD Million
TABLE 40 Canada Soybean Meal Market by Nature, 2022 - 2028, USD Million
TABLE 41 Canada Soybean Meal Market by Application, 2018 - 2021, USD Million
TABLE 42 Canada Soybean Meal Market by Application, 2022 - 2028, USD Million
TABLE 43 Mexico Soybean Meal Market, 2018 - 2021, USD Million
TABLE 44 Mexico Soybean Meal Market, 2022 - 2028, USD Million
TABLE 45 Mexico Soybean Meal Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 46 Mexico Soybean Meal Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 47 Mexico Soybean Meal Market by Nature, 2018 - 2021, USD Million
TABLE 48 Mexico Soybean Meal Market by Nature, 2022 - 2028, USD Million
TABLE 49 Mexico Soybean Meal Market by Application, 2018 - 2021, USD Million
TABLE 50 Mexico Soybean Meal Market by Application, 2022 - 2028, USD Million
TABLE 51 Rest of North America Soybean Meal Market, 2018 - 2021, USD Million
TABLE 52 Rest of North America Soybean Meal Market, 2022 - 2028, USD Million
TABLE 53 Rest of North America Soybean Meal Market by Distribution Channel, 2018 - 2021, USD Million
TABLE 54 Rest of North America Soybean Meal Market by Distribution Channel, 2022 - 2028, USD Million
TABLE 55 Rest of North America Soybean Meal Market by Nature, 2018 - 2021, USD Million
TABLE 56 Rest of North America Soybean Meal Market by Nature, 2022 - 2028, USD Million
TABLE 57 Rest of North America Soybean Meal Market by Application, 2018 - 2021, USD Million
TABLE 58 Rest of North America Soybean Meal Market by Application, 2022 - 2028, USD Million
TABLE 59 Key Information – Bunge Limited
TABLE 60 Key Information – Louis Dreyfus Company B.V.
TABLE 61 Key Information – Kemin Industries, Inc.
TABLE 62 Key Information – The Scoular Company
TABLE 63 Key Information – Mamta Hygiene Products Pvt Ltd
TABLE 64 Key Information – Mahesh Agro Food Industries
TABLE 65 Key Information – Nordic Soya Ltd.
TABLE 66 Key Information – Denofa AS
TABLE 67 Key Information – DHN International
TABLE 68 Key Information – Minnesota Soybean Processors
List of Figures
FIG 1 Methodology for the research