(Food-Beverage-News.Com, January 23, 2018 ) Market Overview: The Global Market for Organic Soybean has witnessed continued demand during the last few years and is projected to reach USD 2210.53 million at a CAGR of 17.71% by 2022. High nutritional value of organic soybean and diverse application in various industries, majorly for food based products production (oil and soymeal) is likely to drive the global organic soybean market over the forecast period.
Latin America will dominate the organic soybean market (in terms of value and volume both) with more than 40% of the market share and it is projected to reach a market value of more than USD 800 million at a CAGR of 17.82% by 2022. Asia Pacific is projected witness a high growth rate of 18.25% during the given period owning to high consumption volume of soy sauce and soymeal in the region. High demand for healthy chemical-free products has increased the sale of organic soybean on the global level owning to its high nutritional value. Rising demand for organic ingredients in animal feed has also been playing a key role in the growth of the global organic soybean market from last few years.
On the basis of application, crush based application will dominate the market based on high demand for organic chocolate in confectionery and bakery industries. Rising consumer’s preference for chemical-free healthy ingredients in food products is estimated to escalate its market share. Crush based application is projected to hold a major share of more than 80% and is evaluated to be growing at a CAGR of more than 15% during the given forecast period. Furthermore, feed use based application of uncrushed soybean is evaluated to hold the second largest share and will account for a market value of more than USD 150 Million in the global organic soybean market.
Major Key Players: Some of the leading players in the global organic Soybean market are: Sapthsathi Organic Agriculture project (S.O.A.P.) (India), Soni Soya Products Pvt Ltd (India), AFG Brasil S/A (Brazil), Grain Millers Inc. (U.S.), Perdue Farms (U.S.), Tyson Foods Inc. (U.S.), Pilgrim's Pride (U.S.)
Study Objectives of Organic Soybean Market Forecast till 2022 Detailed analysis for individual micro and macro markets for organic soybean To estimate market size by application and region To understand the supply and demand dynamics of organic soybean To provide region level market analysis and future outlook for U.S., Brazil, Russia, China and others Company profiling of major players and competitive positioning for the organic soybean market Value chain analysis and supply chain analysis of organic soybean Analysis of historical market trends and technologies, and current government regulatory requirements related to Organic soybean market
Target Audience: Organic soybean manufacturers Organic soybean feed manufacturers Organic soymeal manufacturing industries Retailers and wholesalers Traders, importers and exporters
Key Findings: Global Organic Soybean market is projected to reach USD 2210.53 million by 2022 at a growth rate of 17.71% Asia Pacific will experience the highest growth at a rate of 18.25% during the given forecast period Application of organic soybean for food use is projected to have the highest growth rate of 18.68%
