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Value of Soybean
Posted by Md. Osman Sheikh on January 10, 2025 at 12:58 amWhat is the economic value of soybean meal Globally.
GOBINATH PALANISAMY replied 1 year, 5 months ago 8 Members · 7 Replies -
7 Replies
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The global economic value of soybean meal is significant, with a growing demand for the product. In 2022, the global trade of soybean meal was $36.3 billion. The global soybean sector is projected to grow to $278 billion by 2031
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The global soybean sector is worth $155 billion and is projected to grow to $278 billion by 2031. In 2022, soybean meal was the 124th most traded product in the world, with a total trade of $36.3 billion
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The global soybean meal market has experienced significant growth in recent years, driven primarily by its extensive use in animal feed and the increasing demand for protein-rich diets.
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The global soybean sector is worth billions of dollars, and is expected to continue growing.
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