The consumption of organic foods are on the rise, and organic soymeal is also witnessing high demand. market Research Future (MRFR) has launched a comprehensive report on the Global Organic Soymeal Industry by Type and has asserted that the market is likely to exhibit steady growth over the forecast period of 2019-2027.
Soymeal is a high source of non-animal protein and is being progressively preferred by consumers. A rise in the level of awareness regarding the benefits aligned with soymeal is stimulating the growth of the global Organic Soymeal Industry by Type. Soymeal is extensively used in livestock diets and also as a protein supplement in various other products. Moved by increasing concerns towards animal welfare, a considerable number of the global population is ditching animal-based products. This has resulted in a shift towards alternative sources of protein which is boosting the growth of the Organic Soymeal Industry by Type.
On the other hand, farmers are reluctant to cultivate organic soybeans due to rigidity and complications which are associated with the deviation from traditional farming practices. This can significantly curb the growth of the Organic Soymeal Industry by Type in the coming years.
The ongoing US-China trade war is likely to impact the growth of the soymeal market. China has already trimmed its usage of soybean meal in animal feed as it is aiming to reduce its dependency on soybean imports from the US.
Segmentation
The Organic Soymeal Industry by Type has been segmented on the basis of application, which includes human food and animal food. The human food segment is anticipated to lead the market over the forecast period and accounts for more than 95% share of the global market. Surging health consciousness among consumers is a key factor in boosting the growth of the market. The animal feed based application is also likely to exhibit high growth rate over the forecast period.
Regional Analysis
Region-wise, the Organic Soymeal Industry by Type has been segmented into North America, Latin America, the Middle East & Africa (MEA), Europe, and Asia Pacific (APAC).
APAC accounts for the majority share of the global Organic Soymeal Industry by Type. The consolidating trend of leading a healthy lifestyle has generated a high demand for organic soymeal in the region. The agriculture sector is focusing on increasing the production of organic soymeal production in the region, and also soybean meals are gaining popularity in the region, especially in China. The governments in the region are extending their support in the form of subsidies to producers in order to reduce imports which too is a crucial determinant of the market growth. Continued population growth and heightened demand for alternative protein sources is also a key factor enhancing the growth of the market.
The Latin America Organic Soymeal Industry by Type is likely to exhibit heightened growth in the coming years due to a rise in the production of soybean in the region. The Europe market is driven by increasing demand for soymeal in animal feed. The demand for non-GMO soybean meal from Europe is increasing steadily which is likely to propel the growth of the market.
The prevalence of veganism trend in North America has had a positive effect on the growth of the soymeal market. Vegan consumers are increasingly looking for non-animal source of protein and a significant rise in the awareness level of the health benefits aligned with it is boosting the growth of the market in North America.
Access Report Details @ https://www.marketresearchfuture.com/reports/organic-soymeal-market-4217
Competitive Landscape
AFG Brasil S/A (Brazil), Perdue Farms (U.S.), Tyson Foods Inc. (U.S.), Grain Millers Inc. (U.S.), apthsathi Organic Agriculture project (S.O.A.P.) (India), Soni Soya Products Pvt Ltd (India), and Pilgrim's Pride (U.S.) are the notable players in the Organic Soymeal Industry by Type.
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Radiance Overseas is a leading Export house of organic soybean, organic soymeal, and Organic agro products like Pulses, Seeds, spices, cereals & Grains.Read more: https://radianceoverseas.com/
Organic juices involve the process of adding micronutrients to juices which are generally consumed by consumers of different age.
Organic juices offer diverse range of products, enriched with various nutrients.
Organic juices are either 100% certified organic juices or 95% certified organic juices.Access Report Details @ https://www.marketresearchfuture.com/reports/organic-juices-market-3844Market ForecastWith the growing consumer awareness & their increasing interest in natural and healthy juices, the demand for organic juices will drive the market growth from 2017 to 2023.
Also, with the growth of food advancement in food technology and packaging technology, combined with the innovation and introduction of new attractive packaging has also boosted the sales of organic juices.
The growing incidence of diseases and increasing consumer health awareness as well as their aesthetic consciousness are the various trends which have led to the adoption of healthy and natural vegetable juices, which is one of the main variants organic juices come in.
Moreover, a healthy diet trend due to the increasing prevalence of various health issues, will play a key role to grow organic juices market at CAGR of 9.4 % during the forecast period.Downstream Market AnalysisGlobalization and urbanization are major driving force for this market, furthermore popularity of healthy and nutrient-rich juices are also encouraging the growth of the market.
