Organic soybean is produced by adhering the standards of organic farming and ensures that its natural content remains same. Organic soybean is enriched with nutritional content and organic soybean are grown under strict regulation imposed by government regulatory bodies, which includes organically produced seed for irrigation, no use of synthetic fertilizers and pesticides, and complete records of input and operation. Currently the demand for organic soybean in food and beverage industry, animal feed, personal care and cosmetic, pharmaceutical and others.
Globally the demand for organic food is increasing at the robust growth rate in form oil, meal, for protein and for another purpose. Increasing number of health conscious consumers and changing lifestyle has influenced the demand for organic products in North America and Western European countries. Organic soybean can be processed in various forms and it can be consumed as a whole. Various organic soybean processed forms are organic soybean meal, organic soybean oil, organic soybean protein and others, which includes tofu, soybean milk, and fiber.
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Organic Soybean Market: Market Drivers
Key drivers influencing the demand for organic soybean in the global market is from the growth of organic food and feed industry. Increasing consumer awareness regarding health benefits of organic products as consumers are opting for products, which are natural with fewer chemicals and additives are key factors driving demand for organic soybean food products. Further, the demand for organic soybean is also expected to grow in feed industry due to increasing demand for organic chicken as to produce organic chicken the demand for organic based soybean is increasing among feed manufacturers.
Further, the trend of consuming organic and natural food is also increasing as due to health issues such as obesity, diabetes, and blood pressure is prompting consumers to maintain a healthy lifestyle. Therefore, they are more inclined towards consumption of functional foods that contain plant-based proteins such as soy organic protein-based products. One of the major challenges for organic soybean market is the price volatility of grains due to climatic changes. Irregularity in the climate and seasonal variations effects crop due to critical and uneven rainfall patterns and thus make a direct impact on the production of organic soybean.
Organic Soybean Market: Market Segmentation
On the basis of market segment, the organic soybean market is segmented by application, by end-product, and by distribution channel. Market by application for organic soybean is segmented into food and beverage, personal care and cosmetics, pharmaceutical, animal feed and pet food, and others. Primary demand for organic soybean is among manufacturers of organic animal feed and pet food manufacturers. As, the demand for organic meat products in the global meat market is increasing at a faster pace and for producing organic meat, there is a requirement of feeding organic feed and pet food for animals.
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Another market segment for organic soybean is segmented on the basis of end-product segment. By end-product segment organic soybean is segmented by whole, protein, oil, meal, and others. By analyzing the demand for organic soybean in the global market, the demand for is especially for organic meal followed by organic soybean oil among food manufacturers. On the basis of the distribution channel, the market for organic soybean is divided by direct sales channel of distribution and by indirect sales channel distribution. Further, indirect sales channel distribution is segmented into modern retail formats, convenience stores, retailers, online retail stores, and others.
Organic Soybean Market: Regional Segment
On the basis of the regional segment, a market of organic soybean is segmented into seven different regions. The regional segment includes North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan and the Middle East & Africa. On analyzing the consumption of organic soybean in the global market is from prominent countries of North America and Western European countries where the demand for organic soybean is increasing at rapid growth.
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Organic Soybean Market: Key Players
Some of the key players operating in the business of organic soybean are SunOpta Inc., Pulmuone Co. Ltd., Grain Millers Inc., Simmons Grain Company, Professional Proteins, Ltd., Zeeland Farm Services Inc., The Hain Celestial Group, Inc., Adams Group, KORIN Agricultura Natural, Montana Flour & Grains, and others.