Soybean Meal Market Is Expected To Reach $ 162.91 Billion By 2030
San Francisco, 22 March 2024: The Report Soybean Meal Market Size, Share & Trends Analysis Report By Nature (Conventional, Organic), By End-use (Food & Beverages, Animal Feed, Industrial Use), By Region, And Segment Forecasts, 2024 - 2030 The global soybean meal market size is expected to reach USD 162.91 billion by 2030, growing at a CAGR of 4.5% from 2024 to 2030, according to a new report by Grand View Research, Inc. The soybean meal market is witnessing substantial growth, propelled by various factors that have gained consumer interest. An important driver in this expansion is the escalating demand for plant-based proteins. In an era of increased health and environmental awareness, soybean meal emerges as a valuable source of plant-based protein, attracting people looking for alternatives to traditional animal-derived protein sources. Furthermore, the growing recognition of the nutritional advantages linked to soy-based products, including their favorable effects on he