Soybean Meal Market Global soybean meal market sales are poised for substantial growth, with projections indicating a value of USD 98.6 billion in 2024, surging to USD 157.8 billion by 2034, at a CAGR of 4.8%. Future Market Insights (FMI) provides insights into the evolving landscape of the soybean meal industry, highlighting key trends and growth drivers. …
Tag Archives: Soybean Meal Market Industry Size
Soybean Meal Market Poised to Reach US$ 157.8 Billion by 2034, Driven by Rising Demand in Animal Feed and Plant-Based Foods
Global soybean meal market sales are expected to reach US$ 98.6 billion by 2024. The market is projected to register a 4.8% CAGR and reach a valuation of US$ 157.8 billion by 2034. Regular soybean meal feed to dairy animals such as cattle and buffalo is the key factor driving the market’s growth. Regular consumption of soybean meal helps dairy farm animals to produce …