The global soybean meal food consumption in 2023 shows Japan leading with 439.9 thousand metric tons, followed by India at 311.65, Vietnam at 151.8, Mexico at 50.9, and South Korea at 25.8. Over the past two years, the growth was stable with nil year-on-year variations indicating consistency in consumption rates.
Future trends to watch include:
- Increasing health awareness and dietary shifts, particularly in Asia, could boost soybean meal consumption.
- Trade policies and environmental impacts on soybean production could influence availability and price stability.
- Technological advancements in food processing might introduce new applications for soybean meal.
- Any changes in agricultural practices or climate conditions could alter regional supply dynamics.
Top countries in Soybean Meal for Food Consumption, Forecast 2021-2030 by Country
| # | 5 Countries | Thousand Metric Tons | Last Year | |
|---|---|---|---|---|
| 1 | 1 Japan | 439.9 | 2030 | View data |
| 2 | 2 India | 311.65 | 2030 | View data |
| 3 | 3 Vietnam | 151.8 | 2030 | View data |
| 4 | 4 Mexico | 50.9 | 2030 | View data |
| 5 | 5 South Korea | 25.8 | 2030 | View data |
