#Soyabean Meal Market Challenges

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Soyabean Meal Market Growth Research Report | Size, Dynamics, Challenges By Forecast 2024 - 2031

The "Soyabean Meal Market" is a dynamic and rapidly evolving sector, with significant advancements and growth anticipated by 2031. Comprehensive market research reveals a detailed analysis of market size, share, and trends, providing valuable insights into its expansion. This report delves into segmentation and definition, offering a clear understanding of market components and drivers. Employing SWOT and PESTEL analyses, the study evaluates the market's strengths, weaknesses, opportunities, and threats, alongside political, economic, social, technological, environmental, and legal factors. Expert opinions and recent developments highlight the geographical distribution and forecast the market's trajectory, ensuring a robust foundation for strategic planning and investment.

What is the projected market size & growth rate of the Soyabean Meal Market?

Market Analysis and Insights:

Global Soyabean Meal Market

The soyabean meal market size is valued at USD 156.48 billion by 2028 and is expected to grow at a compound annual rate of 4.20% in the forecast period 2021 to 2028. The rapid increase in the number of farm animals and pet animals is the factor for the growth of soyabean meal market in the forecast period of 2021 to 2028.

Soybean meal is the type of by-product of soybean oil extraction. It is rich source of protein used for humans and livestock diets and is also used in the larger varieties of products such as, animal feed, health food, bakery products, cosmetics and in the manufacturing of antibiotics. Soybean meal is the primary source of animal feed which helps to enhance the process of metabolism and immunity for growth of livestock.

The major growing factor towards soyabean meal market is the high demand for protein-enriched food for both humans and animals. Furthermore, the rise in awareness regarding the health benefits offered by soyabean meal and abundant protein content are also expected to heighten the overall demand for soyabean meal market over the forecast period of 2021 to 2028. Moreover, the rapid rise in the demand of soybean meal for the manufacture of protein supplements and feed for the livestock are also expected to serve as foremost drivers for the soyabean meal market at a global level. In addition, the increase in the rise in pet trend and pet health are also lifting the growth of the soyabean meal market.

However, the easy availability of alternative meals and fluctuating prices of soybean meal are projected to act as a restraint towards the growth of soyabean meal market, whereas the low production of meal can challenge the growth of the soyabean meal market.

Moreover, the increase in the usage in healthcare products and protein drinks and high demand in pig and poultry industries are expected to further generate new opportunities for the soyabean meal market in the forecast period of 2021 to 2028.

This soyabean meal market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on soyabean meal market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Browse Detailed TOC, Tables and Figures with Charts which is spread across 350 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.

This research report is the result of an extensive primary and secondary research effort into the Soyabean Meal market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Soyabean Meal Market.

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Which are the driving factors of the Soyabean Meal market?

The driving factors of the Soyabean Meal market include technological advancements that enhance product efficiency and user experience, increasing consumer demand driven by changing lifestyle preferences, and favorable government regulations and policies that support market growth. Additionally, rising investment in research and development and the expanding application scope of Soyabean Meal across various industries further propel market expansion.

Soyabean Meal Market - Competitive and Segmentation Analysis:

Global Soyabean Meal Market, By Nature (Organic, Conventional), Form (Powder, Oil, Granular), Process of Production (Normal Soybean Meal, De-hulled [min 50% protein] Hipro Soybean Meal, DE-hulled [min. 48% protein] Hipro Soybean meal, Defatted Soya Flour Toasted, De-Fatted Soya Flakes Toasted), Application (Animal Feed, Food Industry, Beverage, Health Care Product), Distribution Channel (Supermarket, Specialized Stores, Online Stores, Retail Stores), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028

How do you determine the list of the key players included in the report?

With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.

Which are the top companies operating in the Soyabean Meal market?

The major players covered in the soyabean meal report are ADM, DuPont, CHS Inc., The Scoular Company, Kohinoor Feeds and Fats Ltd., Kerry, Batory Foods, Denofa AS, Agrocorp, MJI Universal Pte Ltd., Gauri Agrotech Products Pvt. Ltd., Agro Ind Group, NOW Foods, Wilmar International Ltd., Cargill, Incorporated, Foodrich Soya Co. LTD., The Nisshin OilliO Group, Ltd., Mukwano Industries Uganda Ltd., Ghana Nuts Company Limited and Food Chem International among other domestic and global players.

Short Description About Soyabean Meal Market:

The Global Soyabean Meal market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

North America, especially The United States, will still play an important role which can not be ignored. Any changes from United States might affect the development trend of Soyabean Meal. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.

Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2024-2031.

Soyabean Meal Market size is projected to reach Multimillion USD by 2031, In comparison to 2024, at unexpected CAGR during 2024-2031.

Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.

This report focuses on the Soyabean Meal in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

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What are your main data sources?

Both Primary and Secondary data sources are being used while compiling the report. Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2031) of the following regions are covered in Chapters

What are the key regions in the global Soyabean Meal market?

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and 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)

This Soyabean Meal Market Research/Analysis Report Contains Answers to your following Questions

What are the global trends in the Soyabean Meal market?

Would the market witness an increase or decline in the demand in the coming years?

What is the estimated demand for different types of products in Soyabean Meal?

What are the upcoming industry applications and trends for Soyabean Meal market?

What Are Projections of Global Soyabean Meal Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?

Where will the strategic developments take the industry in the mid to long-term?

What are the factors contributing to the final price of Soyabean Meal?

What are the raw materials used for Soyabean Meal manufacturing?

How big is the opportunity for the Soyabean Meal market?

How will the increasing adoption of Soyabean Meal for mining impact the growth rate of the overall market?

How much is the global Soyabean Meal market worth? What was the value of the market In 2020?

Who are the major players operating in the Soyabean Meal market? Which companies are the front runners?

Which are the recent industry trends that can be implemented to generate additional revenue streams?

What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Soyabean Meal Industry?

Customization of the Report

Can I modify the scope of the report and customize it to suit my requirements? Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.

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Detailed TOC of Global Soyabean Meal Market Insights and Forecast to 2031

Introduction

Market Segmentation

Executive Summary

Premium Insights

Market Overview

Soyabean Meal Market By Type

Soyabean Meal Market By Function

Soyabean Meal Market By Material

Soyabean Meal Market By End User

Soyabean Meal Market By Region

Soyabean Meal Market: Company Landscape

SWOT Analysis

Company Profiles

Continued...

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Global Soyabean Meal Market – Industry Trends and Forecast to 2028

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Daily News Articles/Editorials 28th March 2020

SHIFT TO UPSCALING FOOD RATIONING NOWTHEME:

Expanded rations will not only bring relief in this pandemic but also help sustain a nourished and healthy population.

Two days ago, the Finance Minister Nirmala Sitharaman announced a ₹1.7-lakh crore package of social security measures to deal with the COVID-19 pandemic in the period of the 21-day lockdown.

In respect of food security, the package falls far short of what is needed. I argue that we need to immediately ensure universal rationing with an expanded food basket, and special measures for cooked food in urban areas for the vulnerable population.

The burden of the current lockdown is borne disproportionately by the large unorganised workforce, comprising hundreds of millions of casual daily wage-workers and self-employed workers.

India already holds the record for the largest number of malnourished persons in the world. As their ability to purchase food diminishes, a growing population of working people and their families will soon enter a phase of hunger and undernourishment.

The answer to this looming and very real scenario of food insecurity lies in a massive programme of food rationing, far greater than what the Finance Minister has promised.

Lessons from history:

To ensure that all people have access to adequate food in the midst of this unprecedented health and economic crisis with potentially high levels of mortality, we must immediately expand our food security system.

Before I come to the components of such an expanded programme, let us briefly look at the lessons provided by the experience of other countries in using rationing in times of scarcity.

In the United Kingdom in the 1940s, rationing or a policy of “fair shares” was introduced in a period of war and scarcity. Starting in 1939, each and every person was issued a ration book, with a weekly entitlement that could be collected at a local grocery store.

Rationing encompassed many commodities, starting with butter, bacon and sugar, and later augmented by eggs, biscuits, tinned food, meat, cereals, etc.

A remarkable outcome of the war years was, as Amartya Sen has demonstrated, a significant improvement in vital statistics including a rise in life expectancy and a decline in the mortality rate.

Despite heavy war casualties and a decline in consumer expenditure per capita, life expectancy actually improved. In the first six decades of the 20th century, the decade from 1941 to 1950 saw the largest increase in life expectancy in England and Wales.

India’s Timeline:

In India, the British introduced rationing in six cities in 1942, mainly to supply industrial workers with adequate food.

Following demands from a strong political movement, Malabar became the first rural area to implement rationing in 1943.

In the mid-1960s, the system of rationing or the Public Distribution System (PDS) was made a national universal programme, which steadily expanded till 1991.

In the 1990s, the policies of liberalisation led to the withdrawal of universal rationing and its replacement by a policy of narrow targeting. Differential entitlements were provided for BPL (Below Poverty Line) and APL (Above Poverty Line) households.

In 2013, the landmark National Food Security Act (NFSA), ensured legal entitlement to rations and other food-based schemes (such as mid-day meals in schools).

Around 75% of rural households, and 50% of urban households, that is, a total of two-thirds of all households, were eligible for inclusion (now termed priority households) in the NFSA.

The implementation of the NFSA — notably the PDS, the Mid-day Meal Scheme, and the Integrated Child Development Services scheme — varies significantly across States; nevertheless, the infrastructure for distribution of food is in place in all parts of the country.

China’s Strategy:

In China, the National Development and Reform Commission (NDRC), a planning body, was the key coordinator along with the Ministry of Commerce (MOFCOM) in ensuring supplies of basic foods and price stability to the poor, especially in Wuhan province, the epicentre of the current pandemic, which was under lockdown since January 23, 2020.

The Chinese strategy had multiple components, which included public corporations and ministries, 300 large private companies, 200,000 private stores, and local government institutions.

To illustrate, State-owned companies such as COFCO or the China National Cereals, Oils and Foodstuffs Corporation, and Sinograin (China Grain Reserves Corporation) supplied key commodities to Wuhan. This included 200 tonnes of rice, 50 tonnes of flour and noodles, and 300 tonnes of edible oils each day during the peak of the pandemic in February 2020.

The National Grain Trade Centre has to date supplied 155,000 tonnes of corn and 154,000 tonnes of soyabean to Wuhan. Special delivery trucks for transport of vegetables were arranged, and the local government organised open-air markets.

Kerala was the first State in India to announce a package with income support measures and in-kind measures including free rations of 15 kg (grain) and provision of cheap meals.

The government of Tamil Nadu announced free rations of rice, sugar, cooking oil and dal to all ration card holders. The supply of rations for unorganised workers is to be through Amma canteens.

The Delhi government will give 1.5 times existing entitlements at no cost to all ration card holders.

Key points of a plan:

In India a system of expanded rations must have the following components. First, for all rural households, free rations of rice and wheat at double the normal entitlement must be distributed.

The current entitlement is about half the quantity of daily cereal intake recommended by the Indian Council of Medical Research: the new quantities should be the actual minimum requirement per person per day.

The government of India has now doubled rations (rice or wheat) to all priority households, from 5 kg to 10 kg per person per month. However, this falls short, as the rations are not to all households but only priority households; the rations are not free (only the additional 5 kg is free).

The provision of rations must be universal: this is not the time to demarcate households by type of ration card or whether they have a ration card or by any form of biometrics.

The system of identification of priority households is not error-proof, and no household wrongly excluded should be outside the ambit of rationing today.

This upscaling is feasible as the country has stocks of 58 million tonnes of rice and wheat; and the wheat harvest is currently underway in north India.

Second, for all rural households, additional rations of cooking oil, sugar, salt and lentils should be provided on a regular basis. Soap must also be included in this list.

As supplies have to be arranged, the distribution could be weekly or fortnightly in order to ensure smooth availability. It is good to see that the government of India has announced one kg of dal per household, but it needs to provide more commodities quickly.

Third, if milk, eggs and vegetables (or one or more of them) can be supplied, we can not only ensure basic food security at the time of a major health crisis, but actually address our burden of malnutrition.

For urban areas, we need a combination of provision of dry goods and of cooked food. All households with ration cards can be given the same entitlements as proposed for rural households.

For the vast numbers of workers and migrants in towns and cities, however, we must set up arrangements for preparation and delivery of cooked food. The large numbers of closed community kitchens (schools and colleges, company and office canteens, for example) and restaurant workers now sitting idle or laid off can be brought together to undertake a massive programme of provision of cooked meals at subsidised rates. Kerala has taken the lead here.

This will require careful planning and technology to distribute food while ensuring physical distancing. The answer is not to simply close the Indira Canteens (serving low-cost meals) as Karnataka has done.

All the measures proposed must continue for at least three months, and be reviewed afterwards.

An imaginative massive exercise of expanded rations could not only provide succour in this pandemic but also bring in a policy shift that will help sustain a nourished and healthy population.

IT’S ALSO A FIGHT AGAINST PUNITIVE MEASURESTHEME:

The requirement of massive resources following the pandemic may be an occasion to lift global economic sanctions.

A global pandemic demands game-changing actions by all nations in order to halt its global spread, provide relief in terms of medical supplies and to rebuild shattered lives.

The global community has the responsibility to rise to the occasion. Any global cataclysm affects poor countries more than the rich ones as the former do not have the resources to meet the unexpected economic challenge.

While the developed countries and their groups provide economic packages to themselves and their partners, developing countries stare into the distance with hope of handouts from the international financial institutions or some generous rich allies.

One way of dealing with the emergency in an emergency mode is to consider lifting of economic sanctions imposed by the United Nations and individual countries on developing countries.

Many international sanctions imposed on the basis of political and economic decisions and taken as a part of diplomatic efforts by countries, multilateral or regional organisations against states or organisations exist around the world.

These were meant either to ‘protect national security interests, or to protect international law, and defend against threats to international peace and security.

These measures include the temporary imposition on a target of economic, trade, diplomatic, cultural or other restrictions’ and can be lifted only through a long process of ascertaining whether their objectives were met.

The UN Security Council has a ‘mandate by the international community to apply sanctions that are binding on all UN member states. They serve as the international community’s most powerful peaceful means to prevent threats to international peace and security or to settle them’.

Peace enforcement is possible if the sanctions fail, but that is only in the rarest of rare cases. The sanctions often lie dormant for technical reasons even if their original intent and purpose have lost their relevance. The victims of these sanctions suffer in silence or engage in negotiations to get relief.

When America struck:

Apart from UN sanctions, there are ‘unilateral sanctions that are imposed by individual countries in furtherance of their strategic objectives.

Typically intended as strong economic coercion, measures applied under unilateral sanctions can range between coercive diplomatic efforts, economic warfare, or a threat of war’. These take the form of economic, diplomatic, military and sport sanctions.

The unilateral sanctions are naturally not mandatory to any other state, but the United States has often stipulated, like in the case of Iran, that those countries which do not apply sanctions to Iran would be debarred from doing business with the U.S., a Hobson’s choice in many cases.

After the initial invasion of Kuwait by Iraq, the UN ‘placed an embargo on the nation in an attempt to prevent an armed conflict. A naval and air blockade was added. The purpose of the initial sanctions was to coerce Iraq into following international law, which included the recognised sovereignty of Kuwait’.

But even after the liberation of Kuwait, a series of sanctions were created to weaken the country.

A UN plan to purchase food and medicines by selling Iraqi oil to the world became one of the most serious scandals to hit the UN and its Secretary General.

S. sanctions against Iran over the years broke the back of the country and forced it to reach an agreement to limit its nuclear activities.

The U.S.’s withdrawal from the Iran deal has now resulted in Iran facing crippling sanctions. Perhaps, the impact of COVID-19 was severe in Iran on account of the sanctions and the resultant economic crisis in the country.

There are many more cases of sanctions against many countries still in existence. Temporary sanctions in protest against the policies of countries often result in expulsion or withdrawal of diplomatic personnel.

The politics of sanctions entered a new era when U.S. President Donald Trump signed into law the “Countering America’s Adversaries Through Sanctions Act” (CAATSA) that grouped together sanctions against Russia, Iran and North Korea.

Currently, the U.S. alone, or together with other countries has sanctions against Belarus, Myanmar, Côte d’Ivoire, Cuba, the Democratic Republic of Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syria, and Zimbabwe and other countries.

The wide network of sanctions is comprehensively monitored by the Office of Foreign Assets Control of the US Department of the Treasury which enforces economic and trade sanctions based on U.S. foreign policy and national security goals against targeted foreign countries and regimes and related entities and individuals.

 calculation: