India Soybean Meal Market (2024-2030) Outlook | Growth, Value, Trends, Analysis, Forecast, Revenue, Industry, Share, Size & Companies

Name: India Soybean Meal Market (2024-2030) | Trends, Outlook & Forecast
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy
Keywords: Soybean Meal Market, India Soybean Meal Market, India Soybean Meal Market Revenues, India Soybean Meal Market Share, India Soybean Meal Market Size, India Soybean Meal Market Outlook, India Soybean Meal Market Report, India Soybean Meal Market Competition, India Soybean Meal Market Overview, India Soybean Meal Market Trends, India Soybean Meal Market Forecast

Market Forecast By Application (Animal Feed, Food Industry, Beverage, Healthcare Products) And Competitive Landscape

Product Code: ETC384984	Publication Date: Aug 2023	Updated Date: May 2024	Product Type: Market Research Report
Publisher: 6Wresearch	No. of Pages: 75	No. of Figures: 35	No. of Tables: 20

India Soybean Meal Market Competition 2023

India Soybean Meal market currently, in 2023, has witnessed an HHI of 4109, Which has increased moderately as compared to the HHI of 3572 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

India Export Potential Assessment For Soybean Meal Market (Values in USD Thousand)

India Soybean Meal Market Synopsis

The India soybean meal market has been dominated by imported supplies from Brazil and Paraguay due to unfavorable prices of domestic meals vis-?-vis international prices. Imports grew by 30 percent to reach 663000 tons owing to a decrease duties on imports from 35 percent to 30 percent as per notification issued by DGCIS (Directorate General of Commercial Intelligence & Statistics). During 2017?18, the soy oilcake import stood at 395000 metric ton which increased substantially next two years.

Market Drivers of the market

The India Soybean Meal market has witnessed remarkable growth, primarily driven by several factors. Soybean meal is a crucial protein-rich ingredient used in animal feed, particularly in the poultry and livestock sectors. The growth of the livestock industry in India has led to an increased demand for soybean meal as a feed supplement. Additionally, the rising awareness about the nutritional benefits of soybean meal and its cost-effectiveness have driven its adoption in the animal feed industry. The government`s focus on increasing livestock production and productivity to meet the growing demand for animal protein has further fueled the market`s expansion. Moreover, the growing trend of incorporating soybean meal in aquaculture feed has added to its market growth.

Challenges of the Market

The soybean meal market in India faces several challenges related to production, market demand, and competition. One significant challenge is the dependence on imports for soybean, leading to price fluctuations and supply uncertainties. To enhance the domestic production of soybeans, the industry needs to address issues related to crop productivity and supply chain efficiency.The soybean meal market also faces competition from alternative protein sources and animal feed ingredients, such as fishmeal and other oilseed meals. The ability to offer cost-effective and high-quality soybean meal products is crucial to maintaining market share and competitiveness.

Covid-19 Impact on the Market

The India soybean meal market experienced fluctuations during the COVID-19 pandemic. With disruptions in the livestock and poultry industries, demand for soybean meal as animal feed decreased initially. However, as consumer focus shifted towards health and immunity, there was an increase in demand for plant-based protein, positively impacting the market.

Key Players of the Market

The India soybean meal market is dominated by companies involved in soybean processing and meal production. Key players include Ruchi Soya Industries Limited, Adani Wilmar Limited, Cargill India Pvt. Ltd., and Shakti Bhog Foods Limited.

Key Highlights of the Report:

India Soybean Meal Market Outlook
Market Size of India Soybean Meal Market, 2023
Forecast of India Soybean Meal Market, 2030
Historical Data and Forecast of India Soybean Meal Revenues & Volume for the Period 2020-2030
India Soybean Meal Market Trend Evolution
India Soybean Meal Market Drivers and Challenges
India Soybean Meal Price Trends
India Soybean Meal Porter's Five Forces
India Soybean Meal Industry Life Cycle
Historical Data and Forecast of India Soybean Meal Market Revenues & Volume By Application for the Period 2020-2030
Historical Data and Forecast of India Soybean Meal Market Revenues & Volume By Animal Feed for the Period 2020-2030
Historical Data and Forecast of India Soybean Meal Market Revenues & Volume By Food Industry for the Period 2020-2030
Historical Data and Forecast of India Soybean Meal Market Revenues & Volume By Beverage for the Period 2020-2030
Historical Data and Forecast of India Soybean Meal Market Revenues & Volume By Healthcare Products for the Period 2020-2030
India Soybean Meal Import Export Trade Statistics
Market Opportunity Assessment By Application
India Soybean Meal Top Companies Market Share
India Soybean Meal Competitive Benchmarking By Technical and Operational Parameters
India Soybean Meal Company Profiles
India Soybean Meal Key Strategic Recommendations