Global Organic Soymeal Market Size By Type (Full-Fat Soymeal, Defatted Soymeal), By Application (Human Food, Animal Feed), By Region, And Segment Forecasts, 2023 to 2032

Report Id: 36016 | Published Date: Jun 2023 | No. of Pages: | Base Year for Estimate: Jun 2023 | Format:


The Global Organic Soymeal Market was valued at USD 4.2 billion in 2023 and is projected to surpass USD 7.5 billion by 2031, registering a CAGR of 7.2% during the forecast period from 2023 to 2031. The market growth is driven by the increasing demand for organic and non-GMO animal feed, rising consumer awareness regarding sustainable agriculture, and the expansion of the organic food industry.

Organic soymeal, derived from organically grown soybeans, is gaining traction as a high-protein animal feed ingredient, particularly in poultry, dairy, and aquaculture industries. With the global shift toward chemical-free, non-GMO livestock feed, the demand for organic soymeal is rising significantly.

Market Drivers

1. Rising Demand for Organic Animal Feed

With the increasing consumer preference for organic dairy, meat, and poultry products, farmers are turning to organic feed alternatives. Organic soymeal is a rich source of protein and plays a crucial role in enhancing livestock nutrition while aligning with organic certification standards.

2. Expansion of the Organic Food Industry

The global organic food market is witnessing rapid growth due to heightened consumer awareness and government support for organic farming. Since organic soymeal is an essential ingredient in organic livestock farming, its demand is expected to grow significantly.

3. Growing Adoption of Sustainable Agriculture Practices

Farmers and feed producers are shifting towards sustainable, eco-friendly feed ingredients to minimize the environmental impact of animal farming. Organic soymeal is produced without synthetic pesticides, herbicides, or fertilizers, making it an ideal choice for environmentally conscious farmers.

Market Restraints

1. High Production Costs

The production of organic soymeal is costlier than conventional soymeal due to the strict organic farming regulations, certification costs, and lower crop yields. This results in higher product prices, limiting its adoption among small-scale farmers.

2. Limited Supply and Market Penetration

Organic soymeal production is still relatively low compared to conventional soymeal, resulting in supply constraints. Additionally, limited processing and distribution networks in certain regions can hinder market expansion.

Market Opportunity

1. Expansion into Emerging Markets

The demand for organic meat, dairy, and eggs is growing in developing regions, such as Asia-Pacific and Latin America. Expanding organic soymeal production and distribution in these regions presents a significant growth opportunity.

2. Increased Investment in Organic Farming

Governments and private investors are increasingly supporting organic agriculture through subsidies and incentives. This is expected to boost organic soybean cultivation, thereby increasing the availability of organic soymeal.

Market by Application Insights

1. Poultry Feed Segment Dominates

The poultry feed segment accounted for the largest market share in 2023, with over 45% of total consumption. Organic soymeal is widely used in poultry feed due to its high protein content and digestibility, contributing to healthier poultry growth and improved egg and meat quality.

2. Dairy Feed to Witness Significant Growth

The dairy industry is adopting organic soymeal for cattle feed due to its nutritional benefits in improving milk production and quality. This segment is expected to witness significant growth during the forecast period.

Market by Regional Insights

1. North America Leads the Market

North America held the largest market share in 2023, driven by the high adoption of organic products, strong regulatory support, and the presence of major organic soymeal producers.

2. Asia-Pacific to Register the Fastest Growth

The Asia-Pacific region is anticipated to experience the highest growth rate due to rising consumer awareness, increasing adoption of organic livestock farming, and government initiatives supporting organic agriculture in China, India, and Japan.

Competitive Scenario

Key players in the Global Organic Soymeal Market include:

Perdue Farms

Agroindustrias del Norte

Bunge Limited

Cargill, Inc.

The Scoular Company

Wilmar International Limited

SunOpta Inc.

Hain Celestial Group, Inc.

These companies are actively engaging in product innovation, partnerships, and expansions to strengthen their market presence.

Scope of Work – Global Organic Soymeal Market

Report Metric

Details

Market Size (2023)

USD 4.2 Billion

Projected Market Size (2031)

USD 7.5 Billion

CAGR (2023-2031)

7.2%

Key Market Segments

By Application (Poultry Feed, Dairy Feed, Aquaculture, Others)

Leading Segment by Application

Poultry Feed

Leading Region

North America

Fastest Growing Region

Asia-Pacific

Major Companies

Perdue Farms, Agroindustrias del Norte, Bunge Limited, Cargill, Inc., The Scoular Company, Wilmar International Limited, SunOpta Inc., Hain Celestial Group, Inc.

Market Drivers

Rising demand for organic animal feed, Expansion of the organic food industry, Sustainable agriculture practices

Market Restraints

High production costs, Limited supply and market penetration

Market Opportunities

Expansion into emerging markets, Increased investment in organic farming

Key Market Developments

2023: Cargill, Inc. expanded its organic soymeal production capacity in North America to meet growing demand.

2023: Perdue Farms launched a new range of certified organic soymeal-based poultry feeds to support organic farming.

2024: Wilmar International entered into a partnership with Asian organic farms to secure a sustainable supply of organic soybeans for soymeal production.

2025: The Scoular Company announced an investment in advanced organic soybean processing facilities to enhance production efficiency.

FAQs

1. What is the current market size of the Global Organic Soymeal Market?

The Global Organic Soymeal Market was valued at USD 4.2 billion in 2023 and is expected to grow at a CAGR of 7.2%.

2. What is the major growth driver of the Global Organic Soymeal Market?

The primary driver is the rising demand for organic and non-GMO animal feed, fueled by the expansion of the organic food industry and the increasing adoption of sustainable agriculture.

3. Which is the largest region during the forecast period in the Global Organic Soymeal Market?

North America held the largest market share in 2023, supported by strong demand for organic livestock products and well-established organic farming regulations.

4. Which segment accounted for the largest market share in the Global Organic Soymeal Market?

The poultry feed segment accounted for the largest market share due to the high protein content of organic soymeal, making it a preferred choice in poultry nutrition.

5. Who are the key market players in the Global Organic Soymeal Market?

Key players include Perdue Farms, Bunge Limited, Cargill, The Scoular Company, Wilmar International, SunOpta Inc., and Hain Celestial Group.

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