The latest report titled “Soybean Meal Production Cost” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Soybean Meal.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Soybean Meal production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Soybean Meal Production Process:
1. Soybean Meal Production Cost Via cooking, crushing, dehulling and extracting: This report presents the detailed production methodology and cost analysis of soybean meal industrial production across soybean meal manufacturing plants. To make soybean oil, the seeds are cooked and crushed or flaked to separate the kernels from the hulls. The oil is extracted through either solvent extraction or mechanical screw press extraction. The resulting flakes are dried, toasted, and ground to create soybean meal.
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Product Definition:
Soybean Meal is something that is either cooked with soybean oil or includes soybean in the food. The soybean, also known as soja bean or soya bean, is an annual legume belonging to the pea family. Its edible seed is a widespread source of vegetable protein for millions of people globally and a common ingredient in various chemical products. The soybean plant is tall, growing over 2 meters in height, with self-fertilizing white or purple flowers. The seed can be found in yellow, green, brown, black, or bicoloured, and most commercial varieties have brown or tan seeds with one to four seeds per pod. This nutritious crop is a staple in the diets of both humans and animals in many parts of the world, providing an affordable and rich source of protein.
Market Drivers:
Soybean is a highly versatile crop with various uses in different industries. Due to its high nutritional value, it is often used as a food additive and a supplement for animal feed. Soybean is also utilized in pharmaceuticals, cosmetics, paints, and coatings. The pharmaceutical industry is expected to grow significantly due to the increasing preference for plant-based ingredients in drug formulations. Soybean oil is effective in reducing cholesterol levels and preventing heart diseases. As more people become aware of the benefits of soybean oil in personal care products, its demand continues to grow. Soybean oil is a natural source of antioxidants and has anti-inflammatory properties that can benefit the skin. Additionally, the demand for soybean oil as a supplement for animal feed is rapidly increasing because of its high levels of essential fatty acids and proteins, which are crucial for animal growth and health. This makes animal feed the fastest-growing application segment for soybean oil.
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About Us:
Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertakes extensive research to provide our customers with the latest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele.
Procurement Resource work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. As a team of experts, we also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with updated and reliable data.
We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate so that they can form strategies that ensure their optimum growth.
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