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Published Date: 2025-12-11 | Pages: 97 | Tables: 102 | Agriculture
The global market for Fermented Soybean Meal (FSBM) was valued at US$ 169 million in the year 2024 and is projected to reach a revised size of US$ 256 million by 2031, growing at a CAGR of 5.9% during the forecast period.
The 2025 U.S. tariff policies introduce profound uncertainty into the global economic landscape. This report critically examines the implications of recent tariff adjustments and international strategic countermeasures on Fermented Soybean Meal (FSBM) competitive dynamics, regional economic interdependencies, and supply chain reconfigurations.
Fermented soybean meal (FSBM) is produced by inoculating standard soybean meal (SBM) with beneficial species of fungi and bacteria,primarily Aspergillus oryzae and Lactobacillus subtilis. This additional treatment improves the nutritional value of the resulting product. Fermentation may reduce or eliminate key anti-nutritional factors, such as lectins, trypsin inhibitors, allergens and non-digestible oligosaccharides, present in even heat-processed SBM, increase the concentration of protein, and improve digestibility and gut health. FSBM is produced in batches by submerging SBM in water or, more commonly, through a process known as solid-state fermentation, which inoculates a moistened SBM substrate containing between 45 and 50% moisture.
Soybeans are high in protein and have an excellent amino acid composition, meaning they contain all the essential amino acids that animals cannot synthesize themselves. After fermentation, animals can better utilize the protein, minerals, vitamins, and energy in soybeans. Soybeans contain several harmful substances called anti-nutritional factors (ANFs), which are particularly detrimental to young animals. Fermentation helps reduce these harmful compounds.
Market Opportunities and Driving Factors
On the policy front, the EU's long-term ban on growth-promoting antibiotics in feed and China's comprehensive ban on antibiotic additives in feed since 2020 have driven up demand for functional proteins with gut-friendly properties. On the economic front, feed companies are actively seeking alternative proteins and formula resilience in response to raw material fluctuations and the "soybean meal reduction and substitution" policy. On the biological front, fermentation can reduce key anti-nutritional factors and improve the performance of young animals, positioning it as a "functional ingredient" rather than simply a commodity.
Downstream Supply Chain
Upstream, oilseed crushing and protein deep-processing companies provide soybean meal and protein raw materials, and are continuously expanding their crushing and protein production capacity to ensure raw material continuity. In the midstream, specialized fermentation companies convert soybean meal into functional proteins: CJ BIO (Soytide), European Protein (EP200), Nutraferma (PepSoyGen), DaBomb Protein, and Chinese companies such as Shandong Hesheng, Taishan Shengluyuan, Shanghai Yuanyao, Guangdong Xipu, Genyuan Bio, and Shandong Jiurui have disclosed their capabilities or products on their respective websites. Downstream are feed companies and integrated farming groups for pigs, poultry, ruminants, and aquaculture, which are adopting fermented soybean meal to enhance gut health and reduce antibiotic dependence.
Market Segmentation Trends:
Swine: Digestibility and gut homeostasis are key considerations in weaning diets, and the functional properties of FSBM have been demonstrated in controlled trials.
Poultry: Replacing part of soybean meal with fermented protein in the early stages of chick development shows improved formulation performance.
Ruminants: Studies show that FSBM can regulate rumen microbiota and metabolic characteristics, supporting targeted addition in dairy cow systems.
Aquaculture: Industry and university trials are exploring the feasibility of partially replacing fishmeal with FSBM. In summary, young animals and aquaculture are scenarios where the value of "functional ingredients" is released more quickly, and this aligns with the standardization of antibiotic use.
Regional Trends
North America and Europe: The antibiotic-free and sustainable agenda continues, and the willingness to purchase functional proteins remains stable; meanwhile, upstream companies such as Louis Dreyfus are building new crushing facilities in the United States to strengthen the supply of feed soybeans for fermentation. China and Asia Pacific: Relevant authorities are promoting "soybean meal reduction and substitution" and "grain-saving diets," leaving policy space for alternative proteins; several domestic companies have publicly demonstrated their fermented soybean meal products and production line capabilities.
Latest Developments
September 26, 2024 - Louis Dreyfus broke ground on its first specialty feed protein production line in Tianjin. The line will use microbial fermentation technology to produce fermented soybean meal. Through the synergistic fermentation process of multiple probiotics, the protein content, palatability, and digestibility of the product will be improved, thereby improving animal health and increasing growth rate.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Fermented Soybean Meal (FSBM), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Fermented Soybean Meal (FSBM).
The Fermented Soybean Meal (FSBM) market size, estimations, and forecasts are provided in terms of output/shipments (Tons) and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global Fermented Soybean Meal (FSBM) market comprehensively. Regional market sizes, concerning products by Type, by Application, by Strains and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Fermented Soybean Meal (FSBM) manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, production, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, by Strains and by regions.
By Company
DaBomb Protein
CJ BIO
European Protein
Wilmar Group
Nutraferma, Inc.
Louis Dreyfus Company
Shandong Taishan Shengliyuan Group
Yihai Kerry
Wuhan Bangzhide
Shanghai Yuanyao Agricultural
Da Bei Nong Group
Xipu Biological
Shandong Heshi Group
GBW
Shandong Jiurui Agricultural Group Co., Ltd.
Segment by Type
Granules
Powder
Segment by Strains
Aspergillus/Aspergillus OryzaeType
Lactic Acid Bacteria Type
Bacillus Type
Other
Segment by Application
Swine
Ruminants
Aquaculture
Poultry
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Southeast Asia
Europe
Germany
France
U.K.
Italy
Russia
Latin America
Mexico
Brazil
Argentina
Colombia
Middle East and Africa
Turkey
Saudi Arabia
UAE
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, by Type, by Application, by Strains etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Detailed analysis of Fermented Soybean Meal (FSBM) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Production/output, value of Fermented Soybean Meal (FSBM) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 4: Consumption of Fermented Soybean Meal (FSBM) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 5: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 6: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: The main points and conclusions of the report.
Research Methodology
The research methodology employed has been subjected by numerous procedures in order to guarantee the quality and accuracy of the data contained within the reports. The analysts are employed full-time and received more than six months training to satisfy the standard of our company. Our methodology can be divided into five stages:
★Stage 1 SECONDARY RESEARCH
The research team first collaborates with magazines, trade associations and administrative departments in the research field. The information provided by our internal documentation service is helpful for our further research. Our team has a wealth of experience and knowledge, and can effectively extract accurate information from existing resources.
★Stage 2 PRIMARY RESEARCH:INTERVIEWS WITH TRADE SOURCES
After the first stage, the research team conducts a large number of face-to-face or telephone interviews with representative companies working in the research field. Analysts are trying to have an opportunity to talk to leading companies and small companies in the field. Upstream suppliers, manufacturers, distributors, importers, installers, wholesalers and consumers were included in the interview. The data collected during the interview were then carefully examined and compared with the secondary study.
★Stage 3 ANALYSIS OF THE GATHERED DATA
The analysis team examines and synthesizes the data collected in the first two stages. In order to validate the data, a second round of interviews can be conducted.
★Stage 4 QUANTITATIVE DATA
The quantitative data such as market estimates, production and capacity of manufacturer, market forecasts and investment feasibility is provided by our company. The data is based on the estimates obtained during stage 3.
★Stage 5 QUALITY CONTROL
Before publishing, each report undergoes a rigorous review and editing process, which is done by the experience management team to ensure the reliability of the published data. Every analyst on the research team receives support and continuous training as part of our internal quality process.
1 Fermented Soybean Meal (FSBM) Market Overview
1.1 Product Definition
1.2 Fermented Soybean Meal (FSBM) by Type
1.2.1 Global Fermented Soybean Meal (FSBM) Market Value Growth Rate Analysis by Type: 2024 VS 2031
1.2.2 Granules
1.2.3 Powder
1.3 Fermented Soybean Meal (FSBM) by Strains
1.3.1 Global Fermented Soybean Meal (FSBM) Market Value Growth Rate Analysis by Strains: 2024 VS 2031
1.3.2 Aspergillus/Aspergillus OryzaeType
1.3.3 Lactic Acid Bacteria Type
1.3.4 Bacillus Type
1.3.5 Other
1.4 Fermented Soybean Meal (FSBM) by Application
1.4.1 Global Fermented Soybean Meal (FSBM) Market Value Growth Rate Analysis by Application: 2024 VS 2031
1.4.2 Swine
1.4.3 Ruminants
1.4.4 Aquaculture
1.4.5 Poultry
1.5 Global Market Growth Prospects
1.5.1 Global Fermented Soybean Meal (FSBM) Production Value Estimates and Forecasts (2020-2031)
1.5.2 Global Fermented Soybean Meal (FSBM) Production Capacity Estimates and Forecasts (2020-2031)
1.5.3 Global Fermented Soybean Meal (FSBM) Production Estimates and Forecasts (2020-2031)
1.5.4 Global Fermented Soybean Meal (FSBM) Market Average Price Estimates and Forecasts (2020-2031)
1.6 Assumptions and Limitations
2 Market Competition by Manufacturers
2.1 Global Fermented Soybean Meal (FSBM) Production Market Share by Manufacturers (2020-2025)
2.2 Global Fermented Soybean Meal (FSBM) Production Value Market Share by Manufacturers (2020-2025)
2.3 Global Key Players of Fermented Soybean Meal (FSBM), Industry Ranking, 2023 VS 2024
2.4 Global Fermented Soybean Meal (FSBM) Company Type and Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
2.5 Global Fermented Soybean Meal (FSBM) Average Price by Manufacturers (2020-2025)
2.6 Global Key Manufacturers of Fermented Soybean Meal (FSBM), Manufacturing Base Distribution and Headquarters
2.7 Global Key Manufacturers of Fermented Soybean Meal (FSBM), Product Offered and Application
2.8 Global Key Manufacturers of Fermented Soybean Meal (FSBM), Date of Enter into This Industry
2.9 Fermented Soybean Meal (FSBM) Market Competitive Situation and Trends
2.9.1 Fermented Soybean Meal (FSBM) Market Concentration Rate
2.9.2 Global 5 and 10 Largest Fermented Soybean Meal (FSBM) Players Market Share by Revenue
2.10 Mergers & Acquisitions, Expansion
3 Fermented Soybean Meal (FSBM) Production by Region
3.1 Global Fermented Soybean Meal (FSBM) Production Value Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.2 Global Fermented Soybean Meal (FSBM) Production Value by Region (2020-2031)
3.2.1 Global Fermented Soybean Meal (FSBM) Production Value by Region (2020-2025)
3.2.2 Global Forecasted Production Value of Fermented Soybean Meal (FSBM) by Region (2026-2031)
3.3 Global Fermented Soybean Meal (FSBM) Production Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
3.4 Global Fermented Soybean Meal (FSBM) Production Volume by Region (2020-2031)
3.4.1 Global Fermented Soybean Meal (FSBM) Production by Region (2020-2025)
3.4.2 Global Forecasted Production of Fermented Soybean Meal (FSBM) by Region (2026-2031)
3.5 Global Fermented Soybean Meal (FSBM) Market Price Analysis by Region (2020-2025)
3.6 Global Fermented Soybean Meal (FSBM) Production and Value, Year-over-Year Growth
3.6.1 North America Fermented Soybean Meal (FSBM) Production Value Estimates and Forecasts (2020-2031)
3.6.2 Europe Fermented Soybean Meal (FSBM) Production Value Estimates and Forecasts (2020-2031)
3.6.3 China Fermented Soybean Meal (FSBM) Production Value Estimates and Forecasts (2020-2031)
3.6.4 Japan Fermented Soybean Meal (FSBM) Production Value Estimates and Forecasts (2020-2031)
4 Fermented Soybean Meal (FSBM) Consumption by Region
4.1 Global Fermented Soybean Meal (FSBM) Consumption Estimates and Forecasts by Region: 2020 VS 2024 VS 2031
4.2 Global Fermented Soybean Meal (FSBM) Consumption by Region (2020-2031)
4.2.1 Global Fermented Soybean Meal (FSBM) Consumption by Region (2020-2025)
4.2.2 Global Fermented Soybean Meal (FSBM) Forecasted Consumption by Region (2026-2031)
4.3 North America
4.3.1 North America Fermented Soybean Meal (FSBM) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.3.2 North America Fermented Soybean Meal (FSBM) Consumption by Country (2020-2031)
4.3.3 U.S.
4.3.4 Canada
4.4 Europe
4.4.1 Europe Fermented Soybean Meal (FSBM) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.4.2 Europe Fermented Soybean Meal (FSBM) Consumption by Country (2020-2031)
4.4.3 Germany
4.4.4 France
4.4.5 U.K.
4.4.6 Italy
4.4.7 Russia
4.5 Asia Pacific
4.5.1 Asia Pacific Fermented Soybean Meal (FSBM) Consumption Growth Rate by Region: 2020 VS 2024 VS 2031
4.5.2 Asia Pacific Fermented Soybean Meal (FSBM) Consumption by Region (2020-2031)
4.5.3 China
4.5.4 Japan
4.5.5 South Korea
4.5.6 China Taiwan
4.5.7 Southeast Asia
4.5.8 India
4.6 Latin America, Middle East & Africa
4.6.1 Latin America, Middle East & Africa Fermented Soybean Meal (FSBM) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031
4.6.2 Latin America, Middle East & Africa Fermented Soybean Meal (FSBM) Consumption by Country (2020-2031)
4.6.3 Mexico
4.6.4 Brazil
4.6.5 Turkey
4.6.6 GCC Countries
5 Segment by Type
5.1 Global Fermented Soybean Meal (FSBM) Production by Type (2020-2031)
5.1.1 Global Fermented Soybean Meal (FSBM) Production by Type (2020-2025)
5.1.2 Global Fermented Soybean Meal (FSBM) Production by Type (2026-2031)
5.1.3 Global Fermented Soybean Meal (FSBM) Production Market Share by Type (2020-2031)
5.2 Global Fermented Soybean Meal (FSBM) Production Value by Type (2020-2031)
5.2.1 Global Fermented Soybean Meal (FSBM) Production Value by Type (2020-2025)
5.2.2 Global Fermented Soybean Meal (FSBM) Production Value by Type (2026-2031)
5.2.3 Global Fermented Soybean Meal (FSBM) Production Value Market Share by Type (2020-2031)
5.3 Global Fermented Soybean Meal (FSBM) Price by Type (2020-2031)
6 Segment by Application
6.1 Global Fermented Soybean Meal (FSBM) Production by Application (2020-2031)
6.1.1 Global Fermented Soybean Meal (FSBM) Production by Application (2020-2025)
6.1.2 Global Fermented Soybean Meal (FSBM) Production by Application (2026-2031)
6.1.3 Global Fermented Soybean Meal (FSBM) Production Market Share by Application (2020-2031)
6.2 Global Fermented Soybean Meal (FSBM) Production Value by Application (2020-2031)
6.2.1 Global Fermented Soybean Meal (FSBM) Production Value by Application (2020-2025)
6.2.2 Global Fermented Soybean Meal (FSBM) Production Value by Application (2026-2031)
6.2.3 Global Fermented Soybean Meal (FSBM) Production Value Market Share by Application (2020-2031)
6.3 Global Fermented Soybean Meal (FSBM) Price by Application (2020-2031)
7 Key Companies Profiled
7.1 DaBomb Protein
7.1.1 DaBomb Protein Fermented Soybean Meal (FSBM) Company Information
7.1.2 DaBomb Protein Fermented Soybean Meal (FSBM) Product Portfolio
7.1.3 DaBomb Protein Fermented Soybean Meal (FSBM) Production, Value, Price and Gross Margin (2020-2025)
7.1.4 DaBomb Protein Main Business and Markets Served
7.1.5 DaBomb Protein Recent Developments/Updates
7.2 CJ BIO
7.2.1 CJ BIO Fermented Soybean Meal (FSBM) Company Information
7.2.2 CJ BIO Fermented Soybean Meal (FSBM) Product Portfolio
7.2.3 CJ BIO Fermented Soybean Meal (FSBM) Production, Value, Price and Gross Margin (2020-2025)
7.2.4 CJ BIO Main Business and Markets Served
7.2.5 CJ BIO Recent Developments/Updates
7.3 European Protein
7.3.1 European Protein Fermented Soybean Meal (FSBM) Company Information
7.3.2 European Protein Fermented Soybean Meal (FSBM) Product Portfolio
7.3.3 European Protein Fermented Soybean Meal (FSBM) Production, Value, Price and Gross Margin (2020-2025)
7.3.4 European Protein Main Business and Markets Served
7.3.5 European Protein Recent Developments/Updates
7.4 Wilmar Group
7.4.1 Wilmar Group Fermented Soybean Meal (FSBM) Company Information
7.4.2 Wilmar Group Fermented Soybean Meal (FSBM) Product Portfolio
7.4.3 Wilmar Group Fermented Soybean Meal (FSBM) Production, Value, Price and Gross Margin (2020-2025)
7.4.4 Wilmar Group Main Business and Markets Served
7.4.5 Wilmar Group Recent Developments/Updates
7.5 Nutraferma, Inc.
7.5.1 Nutraferma, Inc. Fermented Soybean Meal (FSBM) Company Information
7.5.2 Nutraferma, Inc. Fermented Soybean Meal (FSBM) Product Portfolio
7.5.3 Nutraferma, Inc. Fermented Soybean Meal (FSBM) Production, Value, Price and Gross Margin (2020-2025)
7.5.4 Nutraferma, Inc. Main Business and Markets Served
7.5.5 Nutraferma, Inc. Recent Developments/Updates
7.6 Louis Dreyfus Company
7.6.1 Louis Dreyfus Company Fermented Soybean Meal (FSBM) Company Information
7.6.2 Louis Dreyfus Company Fermented Soybean Meal (FSBM) Product Portfolio
7.6.3 Louis Dreyfus Company Fermented Soybean Meal (FSBM) Production, Value, Price and Gross Margin (2020-2025)
7.6.4 Louis Dreyfus Company Main Business and Markets Served
7.6.5 Louis Dreyfus Company Recent Developments/Updates
7.7 Shandong Taishan Shengliyuan Group
7.7.1 Shandong Taishan Shengliyuan Group Fermented Soybean Meal (FSBM) Company Information
7.7.2 Shandong Taishan Shengliyuan Group Fermented Soybean Meal (FSBM) Product Portfolio
7.7.3 Shandong Taishan Shengliyuan Group Fermented Soybean Meal (FSBM) Production, Value, Price and Gross Margin (2020-2025)
7.7.4 Shandong Taishan Shengliyuan Group Main Business and Markets Served
7.7.5 Shandong Taishan Shengliyuan Group Recent Developments/Updates
7.8 Yihai Kerry
7.8.1 Yihai Kerry Fermented Soybean Meal (FSBM) Company Information
7.8.2 Yihai Kerry Fermented Soybean Meal (FSBM) Product Portfolio
7.8.3 Yihai Kerry Fermented Soybean Meal (FSBM) Production, Value, Price and Gross Margin (2020-2025)
7.8.4 Yihai Kerry Main Business and Markets Served
7.8.5 Yihai Kerry Recent Developments/Updates
7.9 Wuhan Bangzhide
7.9.1 Wuhan Bangzhide Fermented Soybean Meal (FSBM) Company Information
7.9.2 Wuhan Bangzhide Fermented Soybean Meal (FSBM) Product Portfolio
7.9.3 Wuhan Bangzhide Fermented Soybean Meal (FSBM) Production, Value, Price and Gross Margin (2020-2025)
7.9.4 Wuhan Bangzhide Main Business and Markets Served
7.9.5 Wuhan Bangzhide Recent Developments/Updates
7.10 Shanghai Yuanyao Agricultural
7.10.1 Shanghai Yuanyao Agricultural Fermented Soybean Meal (FSBM) Company Information
7.10.2 Shanghai Yuanyao Agricultural Fermented Soybean Meal (FSBM) Product Portfolio
7.10.3 Shanghai Yuanyao Agricultural Fermented Soybean Meal (FSBM) Production, Value, Price and Gross Margin (2020-2025)
7.10.4 Shanghai Yuanyao Agricultural Main Business and Markets Served
7.10.5 Shanghai Yuanyao Agricultural Recent Developments/Updates
7.11 Da Bei Nong Group
7.11.1 Da Bei Nong Group Fermented Soybean Meal (FSBM) Company Information
7.11.2 Da Bei Nong Group Fermented Soybean Meal (FSBM) Product Portfolio
7.11.3 Da Bei Nong Group Fermented Soybean Meal (FSBM) Production, Value, Price and Gross Margin (2020-2025)
7.11.4 Da Bei Nong Group Main Business and Markets Served
7.11.5 Da Bei Nong Group Recent Developments/Updates
7.12 Xipu Biological
7.12.1 Xipu Biological Fermented Soybean Meal (FSBM) Company Information
7.12.2 Xipu Biological Fermented Soybean Meal (FSBM) Product Portfolio
7.12.3 Xipu Biological Fermented Soybean Meal (FSBM) Production, Value, Price and Gross Margin (2020-2025)
7.12.4 Xipu Biological Main Business and Markets Served
7.12.5 Xipu Biological Recent Developments/Updates
7.13 Shandong Heshi Group
7.13.1 Shandong Heshi Group Fermented Soybean Meal (FSBM) Company Information
7.13.2 Shandong Heshi Group Fermented Soybean Meal (FSBM) Product Portfolio
7.13.3 Shandong Heshi Group Fermented Soybean Meal (FSBM) Production, Value, Price and Gross Margin (2020-2025)
7.13.4 Shandong Heshi Group Main Business and Markets Served
7.13.5 Shandong Heshi Group Recent Developments/Updates
7.14 GBW
7.14.1 GBW Fermented Soybean Meal (FSBM) Company Information
7.14.2 GBW Fermented Soybean Meal (FSBM) Product Portfolio
7.14.3 GBW Fermented Soybean Meal (FSBM) Production, Value, Price and Gross Margin (2020-2025)
7.14.4 GBW Main Business and Markets Served
7.14.5 GBW Recent Developments/Updates
7.15 Shandong Jiurui Agricultural Group Co., Ltd.
7.15.1 Shandong Jiurui Agricultural Group Co., Ltd. Fermented Soybean Meal (FSBM) Company Information
7.15.2 Shandong Jiurui Agricultural Group Co., Ltd. Fermented Soybean Meal (FSBM) Product Portfolio
7.15.3 Shandong Jiurui Agricultural Group Co., Ltd. Fermented Soybean Meal (FSBM) Production, Value, Price and Gross Margin (2020-2025)
7.15.4 Shandong Jiurui Agricultural Group Co., Ltd. Main Business and Markets Served
7.15.5 Shandong Jiurui Agricultural Group Co., Ltd. Recent Developments/Updates
8 Industry Chain and Sales Channels Analysis
8.1 Fermented Soybean Meal (FSBM) Industry Chain Analysis
8.2 Fermented Soybean Meal (FSBM) Raw Material Supply Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.3 Fermented Soybean Meal (FSBM) Production Mode & Process Analysis
8.4 Fermented Soybean Meal (FSBM) Sales and Marketing
8.4.1 Fermented Soybean Meal (FSBM) Sales Channels
8.4.2 Fermented Soybean Meal (FSBM) Distributors
8.5 Fermented Soybean Meal (FSBM) Customer Analysis
9 Fermented Soybean Meal (FSBM) Market Dynamics
9.1 Fermented Soybean Meal (FSBM) Industry Trends
9.2 Fermented Soybean Meal (FSBM) Market Drivers
9.3 Fermented Soybean Meal (FSBM) Market Challenges
9.4 Fermented Soybean Meal (FSBM) Market Restraints
10 Research Findings and Conclusion
11 Methodology and Data Source
11.1 Methodology/Research Approach
11.1.1 Research Programs/Design
11.1.2 Market Size Estimation
11.1.3 Market Breakdown and Data Triangulation
11.2 Data Source
11.2.1 Secondary Sources
11.2.2 Primary Sources
11.3 Author List
11.4 Disclaimer
List of Tables
Table 1. Global Fermented Soybean Meal (FSBM) Market Value by Type, (US$ Million) & (2024 VS 2031)
Table 2. Global Fermented Soybean Meal (FSBM) Market Value by Strains, (US$ Million) & (2024 VS 2031)
Table 3. Global Fermented Soybean Meal (FSBM) Market Value by Application, (US$ Million) & (2024 VS 2031)
Table 4. Global Fermented Soybean Meal (FSBM) Production Capacity (Tons) by Manufacturers in 2024
Table 5. Global Fermented Soybean Meal (FSBM) Production by Manufacturers (2020-2025) & (Tons)
Table 6. Global Fermented Soybean Meal (FSBM) Production Market Share by Manufacturers (2020-2025)
Table 7. Global Fermented Soybean Meal (FSBM) Production Value by Manufacturers (2020-2025) & (US$ Million)
Table 8. Global Fermented Soybean Meal (FSBM) Production Value Share by Manufacturers (2020-2025)
Table 9. Global Key Players of Fermented Soybean Meal (FSBM), Industry Ranking, 2023 VS 2024
Table 10. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Production Value in Fermented Soybean Meal (FSBM) as of 2024)
Table 11. Global Market Fermented Soybean Meal (FSBM) Average Price by Manufacturers (US$/Ton) & (2020-2025)
Table 12. Global Key Manufacturers of Fermented Soybean Meal (FSBM), Manufacturing Base Distribution and Headquarters
Table 13. Global Key Manufacturers of Fermented Soybean Meal (FSBM), Product Offered and Application
Table 14. Global Key Manufacturers of Fermented Soybean Meal (FSBM), Date of Enter into This Industry
Table 15. Global Fermented Soybean Meal (FSBM) Manufacturers Market Concentration Ratio (CR5 and HHI)
Table 16. Mergers & Acquisitions, Expansion Plans
Table 17. Global Fermented Soybean Meal (FSBM) Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
Table 18. Global Fermented Soybean Meal (FSBM) Production Value (US$ Million) by Region (2020-2025)
Table 19. Global Fermented Soybean Meal (FSBM) Production Value Market Share by Region (2020-2025)
Table 20. Global Fermented Soybean Meal (FSBM) Production Value (US$ Million) Forecast by Region (2026-2031)
Table 21. Global Fermented Soybean Meal (FSBM) Production Value Market Share Forecast by Region (2026-2031)
Table 22. Global Fermented Soybean Meal (FSBM) Production Comparison by Region: 2020 VS 2024 VS 2031 (Tons)
Table 23. Global Fermented Soybean Meal (FSBM) Production (Tons) by Region (2020-2025)
Table 24. Global Fermented Soybean Meal (FSBM) Production Market Share by Region (2020-2025)
Table 25. Global Fermented Soybean Meal (FSBM) Production (Tons) Forecast by Region (2026-2031)
Table 26. Global Fermented Soybean Meal (FSBM) Production Market Share Forecast by Region (2026-2031)
Table 27. Global Fermented Soybean Meal (FSBM) Market Average Price (US$/Ton) by Region (2020-2025)
Table 28. Global Fermented Soybean Meal (FSBM) Market Average Price (US$/Ton) by Region (2026-2031)
Table 29. Global Fermented Soybean Meal (FSBM) Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (Tons)
Table 30. Global Fermented Soybean Meal (FSBM) Consumption by Region (2020-2025) & (Tons)
Table 31. Global Fermented Soybean Meal (FSBM) Consumption Market Share by Region (2020-2025)
Table 32. Global Fermented Soybean Meal (FSBM) Forecasted Consumption by Region (2026-2031) & (Tons)
Table 33. Global Fermented Soybean Meal (FSBM) Forecasted Consumption Market Share by Region (2026-2031)
Table 34. North America Fermented Soybean Meal (FSBM) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (Tons)
Table 35. North America Fermented Soybean Meal (FSBM) Consumption by Country (2020-2025) & (Tons)
Table 36. North America Fermented Soybean Meal (FSBM) Consumption by Country (2026-2031) & (Tons)
Table 37. Europe Fermented Soybean Meal (FSBM) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (Tons)
Table 38. Europe Fermented Soybean Meal (FSBM) Consumption by Country (2020-2025) & (Tons)
Table 39. Europe Fermented Soybean Meal (FSBM) Consumption by Country (2026-2031) & (Tons)
Table 40. Asia Pacific Fermented Soybean Meal (FSBM) Consumption Growth Rate by Region: 2020 VS 2024 VS 2031 (Tons)
Table 41. Asia Pacific Fermented Soybean Meal (FSBM) Consumption by Region (2020-2025) & (Tons)
Table 42. Asia Pacific Fermented Soybean Meal (FSBM) Consumption by Region (2026-2031) & (Tons)
Table 43. Latin America, Middle East & Africa Fermented Soybean Meal (FSBM) Consumption Growth Rate by Country: 2020 VS 2024 VS 2031 (Tons)
Table 44. Latin America, Middle East & Africa Fermented Soybean Meal (FSBM) Consumption by Country (2020-2025) & (Tons)
Table 45. Latin America, Middle East & Africa Fermented Soybean Meal (FSBM) Consumption by Country (2026-2031) & (Tons)
Table 46. Global Fermented Soybean Meal (FSBM) Production (Tons) by Type (2020-2025)
Table 47. Global Fermented Soybean Meal (FSBM) Production (Tons) by Type (2026-2031)
Table 48. Global Fermented Soybean Meal (FSBM) Production Market Share by Type (2020-2025)
Table 49. Global Fermented Soybean Meal (FSBM) Production Market Share by Type (2026-2031)
Table 50. Global Fermented Soybean Meal (FSBM) Production Value (US$ Million) by Type (2020-2025)
Table 51. Global Fermented Soybean Meal (FSBM) Production Value (US$ Million) by Type (2026-2031)
Table 52. Global Fermented Soybean Meal (FSBM) Production Value Market Share by Type (2020-2025)
Table 53. Global Fermented Soybean Meal (FSBM) Production Value Market Share by Type (2026-2031)
Table 54. Global Fermented Soybean Meal (FSBM) Price (US$/Ton) by Type (2020-2025)
Table 55. Global Fermented Soybean Meal (FSBM) Price (US$/Ton) by Type (2026-2031)
Table 56. Global Fermented Soybean Meal (FSBM) Production (Tons) by Application (2020-2025)
Table 57. Global Fermented Soybean Meal (FSBM) Production (Tons) by Application (2026-2031)
Table 58. Global Fermented Soybean Meal (FSBM) Production Market Share by Application (2020-2025)
Table 59. Global Fermented Soybean Meal (FSBM) Production Market Share by Application (2026-2031)
Table 60. Global Fermented Soybean Meal (FSBM) Production Value (US$ Million) by Application (2020-2025)
Table 61. Global Fermented Soybean Meal (FSBM) Production Value (US$ Million) by Application (2026-2031)
Table 62. Global Fermented Soybean Meal (FSBM) Production Value Market Share by Application (2020-2025)
Table 63. Global Fermented Soybean Meal (FSBM) Production Value Market Share by Application (2026-2031)
Table 64. Global Fermented Soybean Meal (FSBM) Price (US$/Ton) by Application (2020-2025)
Table 65. Global Fermented Soybean Meal (FSBM) Price (US$/Ton) by Application (2026-2031)
Table 66. DaBomb Protein Fermented Soybean Meal (FSBM) Company Information
Table 67. DaBomb Protein Fermented Soybean Meal (FSBM) Specification and Application
Table 68. DaBomb Protein Fermented Soybean Meal (FSBM) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
Table 69. DaBomb Protein Main Business and Markets Served
Table 70. DaBomb Protein Recent Developments/Updates
Table 71. CJ BIO Fermented Soybean Meal (FSBM) Company Information
Table 72. CJ BIO Fermented Soybean Meal (FSBM) Specification and Application
Table 73. CJ BIO Fermented Soybean Meal (FSBM) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
Table 74. CJ BIO Main Business and Markets Served
Table 75. CJ BIO Recent Developments/Updates
Table 76. European Protein Fermented Soybean Meal (FSBM) Company Information
Table 77. European Protein Fermented Soybean Meal (FSBM) Specification and Application
Table 78. European Protein Fermented Soybean Meal (FSBM) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
Table 79. European Protein Main Business and Markets Served
Table 80. European Protein Recent Developments/Updates
Table 81. Wilmar Group Fermented Soybean Meal (FSBM) Company Information
Table 82. Wilmar Group Fermented Soybean Meal (FSBM) Specification and Application
Table 83. Wilmar Group Fermented Soybean Meal (FSBM) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
Table 84. Wilmar Group Main Business and Markets Served
Table 85. Wilmar Group Recent Developments/Updates
Table 86. Nutraferma, Inc. Fermented Soybean Meal (FSBM) Company Information
Table 87. Nutraferma, Inc. Fermented Soybean Meal (FSBM) Specification and Application
Table 88. Nutraferma, Inc. Fermented Soybean Meal (FSBM) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
Table 89. Nutraferma, Inc. Main Business and Markets Served
Table 90. Nutraferma, Inc. Recent Developments/Updates
Table 91. Louis Dreyfus Company Fermented Soybean Meal (FSBM) Company Information
Table 92. Louis Dreyfus Company Fermented Soybean Meal (FSBM) Specification and Application
Table 93. Louis Dreyfus Company Fermented Soybean Meal (FSBM) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
Table 94. Louis Dreyfus Company Main Business and Markets Served
Table 95. Louis Dreyfus Company Recent Developments/Updates
Table 96. Shandong Taishan Shengliyuan Group Fermented Soybean Meal (FSBM) Company Information
Table 97. Shandong Taishan Shengliyuan Group Fermented Soybean Meal (FSBM) Specification and Application
Table 98. Shandong Taishan Shengliyuan Group Fermented Soybean Meal (FSBM) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
Table 99. Shandong Taishan Shengliyuan Group Main Business and Markets Served
Table 100. Shandong Taishan Shengliyuan Group Recent Developments/Updates
Table 101. Yihai Kerry Fermented Soybean Meal (FSBM) Company Information
Table 102. Yihai Kerry Fermented Soybean Meal (FSBM) Specification and Application
Table 103. Yihai Kerry Fermented Soybean Meal (FSBM) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
Table 104. Yihai Kerry Main Business and Markets Served
Table 105. Yihai Kerry Recent Developments/Updates
Table 106. Wuhan Bangzhide Fermented Soybean Meal (FSBM) Company Information
Table 107. Wuhan Bangzhide Fermented Soybean Meal (FSBM) Specification and Application
Table 108. Wuhan Bangzhide Fermented Soybean Meal (FSBM) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
Table 109. Wuhan Bangzhide Main Business and Markets Served
Table 110. Wuhan Bangzhide Recent Developments/Updates
Table 111. Shanghai Yuanyao Agricultural Fermented Soybean Meal (FSBM) Company Information
Table 112. Shanghai Yuanyao Agricultural Fermented Soybean Meal (FSBM) Specification and Application
Table 113. Shanghai Yuanyao Agricultural Fermented Soybean Meal (FSBM) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
Table 114. Shanghai Yuanyao Agricultural Main Business and Markets Served
Table 115. Shanghai Yuanyao Agricultural Recent Developments/Updates
Table 116. Da Bei Nong Group Fermented Soybean Meal (FSBM) Company Information
Table 117. Da Bei Nong Group Fermented Soybean Meal (FSBM) Specification and Application
Table 118. Da Bei Nong Group Fermented Soybean Meal (FSBM) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
Table 119. Da Bei Nong Group Main Business and Markets Served
Table 120. Da Bei Nong Group Recent Developments/Updates
Table 121. Xipu Biological Fermented Soybean Meal (FSBM) Company Information
Table 122. Xipu Biological Fermented Soybean Meal (FSBM) Specification and Application
Table 123. Xipu Biological Fermented Soybean Meal (FSBM) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
Table 124. Xipu Biological Main Business and Markets Served
Table 125. Xipu Biological Recent Developments/Updates
Table 126. Shandong Heshi Group Fermented Soybean Meal (FSBM) Company Information
Table 127. Shandong Heshi Group Fermented Soybean Meal (FSBM) Specification and Application
Table 128. Shandong Heshi Group Fermented Soybean Meal (FSBM) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
Table 129. Shandong Heshi Group Main Business and Markets Served
Table 130. Shandong Heshi Group Recent Developments/Updates
Table 131. GBW Fermented Soybean Meal (FSBM) Company Information
Table 132. GBW Fermented Soybean Meal (FSBM) Specification and Application
Table 133. GBW Fermented Soybean Meal (FSBM) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
Table 134. GBW Main Business and Markets Served
Table 135. GBW Recent Developments/Updates
Table 136. Shandong Jiurui Agricultural Group Co., Ltd. Fermented Soybean Meal (FSBM) Company Information
Table 137. Shandong Jiurui Agricultural Group Co., Ltd. Fermented Soybean Meal (FSBM) Specification and Application
Table 138. Shandong Jiurui Agricultural Group Co., Ltd. Fermented Soybean Meal (FSBM) Production (Tons), Value (US$ Million), Price (US$/Ton) and Gross Margin (2020-2025)
Table 139. Shandong Jiurui Agricultural Group Co., Ltd. Main Business and Markets Served
Table 140. Shandong Jiurui Agricultural Group Co., Ltd. Recent Developments/Updates
Table 141. Key Raw Materials Lists
Table 142. Raw Materials Key Suppliers Lists
Table 143. Fermented Soybean Meal (FSBM) Distributors List
Table 144. Fermented Soybean Meal (FSBM) Customers List
Table 145. Fermented Soybean Meal (FSBM) Market Trends
Table 146. Fermented Soybean Meal (FSBM) Market Drivers
Table 147. Fermented Soybean Meal (FSBM) Market Challenges
Table 148. Fermented Soybean Meal (FSBM) Market Restraints
Table 149. Research Programs/Design for This Report
Table 150. Key Data Information from Secondary Sources
Table 151. Key Data Information from Primary Sources
Table 152. Authors List of This Report
List of Figures
Figure 1. Product Picture of Fermented Soybean Meal (FSBM)
Figure 2. Global Fermented Soybean Meal (FSBM) Market Value by Type, (US$ Million) & (2020-2031)
Figure 3. Global Fermented Soybean Meal (FSBM) Market Share by Type: 2024 VS 2031
Figure 4. Granules Product Picture
Figure 5. Powder Product Picture
Figure 6. Global Fermented Soybean Meal (FSBM) Market Value by Strains, (US$ Million) & (2020-2031)
Figure 7. Global Fermented Soybean Meal (FSBM) Market Share by Strains: 2024 VS 2031
Figure 8. Aspergillus/Aspergillus OryzaeType Product Picture
Figure 9. Lactic Acid Bacteria Type Product Picture
Figure 10. Bacillus Type Product Picture
Figure 11. Other Product Picture
Figure 12. Global Fermented Soybean Meal (FSBM) Market Value by Application, (US$ Million) & (2020-2031)
Figure 13. Global Fermented Soybean Meal (FSBM) Market Share by Application: 2024 VS 2031
Figure 14. Application One
Figure 15. Application Two
Figure 16. Application Three
Figure 17. Application Four
Figure 18. Application Five
Figure 19. Application Six
Figure 20. Application Seven
Figure 21. Application Eight
Figure 22. Application Nine
Figure 23. Global Fermented Soybean Meal (FSBM) Production Value (US$ Million), 2020 VS 2024 VS 2031
Figure 24. Global Fermented Soybean Meal (FSBM) Production Value (US$ Million) & (2020-2031)
Figure 25. Global Fermented Soybean Meal (FSBM) Production Capacity (Tons) & (2020-2031)
Figure 26. Global Fermented Soybean Meal (FSBM) Production (Tons) & (2020-2031)
Figure 27. Global Fermented Soybean Meal (FSBM) Average Price (US$/Ton) & (2020-2031)
Figure 28. Fermented Soybean Meal (FSBM) Report Years Considered
Figure 29. Fermented Soybean Meal (FSBM) Production Share by Manufacturers in 2024
Figure 30. Global Fermented Soybean Meal (FSBM) Production Value Share by Manufacturers (2024)
Figure 31. Fermented Soybean Meal (FSBM) Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2020 VS 2024
Figure 32. The Global 5 and 10 Largest Players: Market Share by Fermented Soybean Meal (FSBM) Revenue in 2024
Figure 33. Global Fermented Soybean Meal (FSBM) Production Value by Region: 2020 VS 2024 VS 2031 (US$ Million)
Figure 34. Global Fermented Soybean Meal (FSBM) Production Value Market Share by Region: 2020 VS 2024 VS 2031
Figure 35. Global Fermented Soybean Meal (FSBM) Production Comparison by Region: 2020 VS 2024 VS 2031 (Tons)
Figure 36. Global Fermented Soybean Meal (FSBM) Production Market Share by Region: 2020 VS 2024 VS 2031
Figure 37. North America Fermented Soybean Meal (FSBM) Production Value (US$ Million) Growth Rate (2020-2031)
Figure 38. Europe Fermented Soybean Meal (FSBM) Production Value (US$ Million) Growth Rate (2020-2031)
Figure 39. China Fermented Soybean Meal (FSBM) Production Value (US$ Million) Growth Rate (2020-2031)
Figure 40. Japan Fermented Soybean Meal (FSBM) Production Value (US$ Million) Growth Rate (2020-2031)
Figure 41. Global Fermented Soybean Meal (FSBM) Consumption by Region: 2020 VS 2024 VS 2031 (Tons)
Figure 42. Global Fermented Soybean Meal (FSBM) Consumption Market Share by Region: 2020 VS 2024 VS 2031
Figure 43. North America Fermented Soybean Meal (FSBM) Consumption and Growth Rate (2020-2031) & (Tons)
Figure 44. North America Fermented Soybean Meal (FSBM) Consumption Market Share by Country (2020-2031)
Figure 45. U.S. Fermented Soybean Meal (FSBM) Consumption and Growth Rate (2020-2031) & (Tons)
Figure 46. Canada Fermented Soybean Meal (FSBM) Consumption and Growth Rate (2020-2031) & (Tons)
Figure 47. Europe Fermented Soybean Meal (FSBM) Consumption and Growth Rate (2020-2031) & (Tons)
Figure 48. Europe Fermented Soybean Meal (FSBM) Consumption Market Share by Country (2020-2031)
Figure 49. Germany Fermented Soybean Meal (FSBM) Consumption and Growth Rate (2020-2031) & (Tons)
Figure 50. France Fermented Soybean Meal (FSBM) Consumption and Growth Rate (2020-2031) & (Tons)
Figure 51. U.K. Fermented Soybean Meal (FSBM) Consumption and Growth Rate (2020-2031) & (Tons)
Figure 52. Italy Fermented Soybean Meal (FSBM) Consumption and Growth Rate (2020-2031) & (Tons)
Figure 53. Russia Fermented Soybean Meal (FSBM) Consumption and Growth Rate (2020-2031) & (Tons)
Figure 54. Asia Pacific Fermented Soybean Meal (FSBM) Consumption and Growth Rate (2020-2031) & (Tons)
Figure 55. Asia Pacific Fermented Soybean Meal (FSBM) Consumption Market Share by Region (2020-2031)
Figure 56. China Fermented Soybean Meal (FSBM) Consumption and Growth Rate (2020-2031) & (Tons)
Figure 57. Japan Fermented Soybean Meal (FSBM) Consumption and Growth Rate (2020-2031) & (Tons)
Figure 58. South Korea Fermented Soybean Meal (FSBM) Consumption and Growth Rate (2020-2031) & (Tons)
Figure 59. China Taiwan Fermented Soybean Meal (FSBM) Consumption and Growth Rate (2020-2031) & (Tons)
Figure 60. Southeast Asia Fermented Soybean Meal (FSBM) Consumption and Growth Rate (2020-2031) & (Tons)
Figure 61. India Fermented Soybean Meal (FSBM) Consumption and Growth Rate (2020-2031) & (Tons)
Figure 62. Latin America, Middle East & Africa Fermented Soybean Meal (FSBM) Consumption and Growth Rate (2020-2031) & (Tons)
Figure 63. Latin America, Middle East & Africa Fermented Soybean Meal (FSBM) Consumption Market Share by Country (2020-2031)
Figure 64. Mexico Fermented Soybean Meal (FSBM) Consumption and Growth Rate (2020-2031) & (Tons)
Figure 65. Brazil Fermented Soybean Meal (FSBM) Consumption and Growth Rate (2020-2031) & (Tons)
Figure 66. Turkey Fermented Soybean Meal (FSBM) Consumption and Growth Rate (2020-2031) & (Tons)
Figure 67. GCC Countries Fermented Soybean Meal (FSBM) Consumption and Growth Rate (2020-2031) & (Tons)
Figure 68. Global Production Market Share of Fermented Soybean Meal (FSBM) by Type (2020-2031)
Figure 69. Global Production Value Market Share of Fermented Soybean Meal (FSBM) by Type (2020-2031)
Figure 70. Global Fermented Soybean Meal (FSBM) Price (US$/Ton) by Type (2020-2031)
Figure 71. Global Production Market Share of Fermented Soybean Meal (FSBM) by Application (2020-2031)
Figure 72. Global Production Value Market Share of Fermented Soybean Meal (FSBM) by Application (2020-2031)
Figure 73. Global Fermented Soybean Meal (FSBM) Price (US$/Ton) by Application (2020-2031)
Figure 74. Fermented Soybean Meal (FSBM) Value Chain
Figure 75. Channels of Distribution (Direct Vs Distribution)
Figure 76. Bottom-up and Top-down Approaches for This Report
Figure 77. Data Triangulation
