- Soybean meal, a high-protein byproduct of soybean oil extraction, is a critical ingredient in animal feed, food processing, and health care products due to its nutritional profile and cost-effectiveness
- The growing demand for soybean meal is fueled by the global rise in livestock and poultry farming, increasing consumer preference for plant-based proteins, and the expansion of the food and beverage industry
- Asia-Pacific dominated the soybean meal market with the largest revenue share of 45.6% in 2024, driven by high demand for animal feed in countries such as China and India, coupled with significant soybean production and processing capabilities
- Europe is expected to be the fastest-growing region during the forecast period, propelled by increasing adoption of organic and sustainable feed solutions, rising demand for plant-based food products, and supportive regulatory frameworks for agricultural innovation
- The Conventional segment dominated the largest market revenue share of 71.2% in 2024, driven by its cost-effectiveness and widespread availability for animal feed and food industries. Conventional soybean meal, produced using standard agricultural practices, is extensively used in regions with established livestock industries due to its affordability and scalability
