Global Soybean Hull Market Overview:
The Soybean hulls are a by-product of the extraction of oil from soybean seeds. They’re light, flaky, and bulky; and extremely valuable feeds for on-farm feeding of cattle. When coming into the oil mill, soybeans are screened to remove broken and damaged beans and foreign material. The beans are then cracked, and their hulls that primarily consist of the outer coats are removed. Hulls are fibrous materials with no place in human food, however, are very valuable for ruminants. Soybean hulls are usually reintroduced within the final oil meal so as to reduce its protein content, leading to soybean meal varieties with a maximum protein & fat. However, this end use decreases once the demand for high protein soybean meal increases.
Growth Drivers
- Increase in Demand and Consumption of Livestock-Based Products
- Growth in Feed Production
- Rise in Awareness about Feed Quality
- Standardization of Meat Products Owing to Disease Outbreaks
- Implementation of Innovative Animal Husbandry Practices to Improve Meat Quality
Roadblocks
- Volatile Raw Material Prices for Natural Feed Additives
- Stringent Regulatory Framework
Opportunities
- Shifting Toward Natural Growth Promoters
- Emerging Demand from Economies
Competitive Landscape:
Some of the key players profiled in the report are Shandong Bohi (China), Bunge (United States), Cargill Corp (United States), Shandong Sanwei Oil & Fat Group Co Ltd (China), Henan Sunshine (China), Cofco Corporation (China), ADM (United States), Xiamen Zhongsheng Oil & Grains Group Co Ltd (China), Sanhe hopefull (China) and Donlinks Group Co. Ltd. (China). Additionally, following companies can also be profiled that are part of our coverage like Yihai Kerry (Yanzhou) Grain and Oil Industry Co., Ltd. (China), Dalian Huanong Group Ltd (China), Wilmar International (Singapore), Arkema (France) and Louis Dreyfus Company (Netherlands). Analyst at AMA Research see Chinese Vendors to retain maximum share of Global Soybean Hull market by 2026. Considering Market by Nature, the sub-segment i.e. Organic will boost the Soybean Hull market.
On 9 Jan. 2017, Bunge North America, a leading soybean hull producer has announced the plan to take steps to improve the productivity of its leading soybean processing footprint in the Eastern United States. The plan comprises building Bunge’s first new processing plant in the United States in 15 years. Locations in Indiana Ohio are under final consideration for the new facility.
What Can be Explored with the Soybean Hull Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Soybean Hull Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Soybean Hull
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Soybean Hull market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Soybean Hull market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Soybean Hull Manufacturers, Soybean Hull Raw Material Suppliers, Soybean Hull Traders/Distributors, Soybean Hull Importer/Exporter, Regulatory & Government Bodies and Downstream Vendors.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.