Soybean Meal Market Share Growing Rapidly with Recent Trends and Outlook 2031

The best source of additional protein for swine diets is traditionally thought to be soybean meal. In fact, as soybean meal is frequently used as the standard when comparing other protein sources, it is commonly referred to as the "gold standard." Around 63% of all protein sources used in animal diets worldwide come from soybean meal, followed by rapeseed (canola) meal, cottonseed meal, sunflower meal, fish meal, and peanut meal. In contrast, soybean meal makes up over 92% of all oilseed meals fed to livestock and poultry in the USA. This soybean meal is used in poultry feeds around 53% of the time, swine feeds 27%, cattle feeds 14%, and pet foods, fish feeds, and other feeds 6%.

Since consumers are becoming more aware of the importance of eating a diet high in protein, there are several opportunities in the worldwide soy protein ingredients market right now. Furthermore, soybean meal concentrate is produced as a dietary supplement after the soy is defatted and hulled. When a specific percentage of the non-protein components in raw soybean meal is removed, soy protein concentrate is produced. Lower-end concentrates have a protein content that ranges from 30% to 90%. A wider range of consumers' demand for protein supplements in their meals has also led to an increase in the consumption of soybean meal concentrate powder as a supplement, thanks to regular recommendations by dieticians and doctors.

Know More: https://www.alliedmarketresearch.com/soybean-meal-market

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