Navigating Sustainable, Profitable Growth in a Rapidly Changing World

Agriculture and Farming

Global Soybean Market Size and Shar...

Historical and Forecast Market Trends

2018-34

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The global soybean market based on production is led by the United States, accounting for about 35% share of the global output. The country is followed by Brazil, China, Argentina, and India as the largest producers of soybean. The soybean market in India is expected to witness a healthy growth in the coming years due to import restrictions on refined palm oil and palm olein from Malayasia imposed in January 2021. Thus, directing India towards increasing the imports of soybean and sunflower oils.

Soybean, variously known as soya bean, is an edible seed of the pea family (Fabaceae) and an annual legume. Soybean is the most important bean in the world, as it provides plant protein to millions of people, along with supplying ingredients for a lot of chemical products. Consumption of soya beans contains phytic acid, B vitamins, and other dietary minerals. Soybean gives soya vegetable oil as a processed product, which extensively used in food as well as industrial applications. Also, soybean is an important source of protein for livestock feed, which further provides animal protein for human consumption.

Archer Daniels Midland Company (NYSE: ADM) and Cargill Incorporated are some of the leading producers of soybean oil. In July 2018, both the companies completed their agreement and officially launched SoyVenTM, their new joint venture, to cater to the soybean meal and oil demands from the customers in Egypt. SoyVen is situated in Borg Al-Arab, and it owns and operates the National Vegetable Oil Company soy crush facility, in conjunction to related commercial and functional activities, such as a distinct Switzerland-based entity supplying soybeans to the Egypt crush plant.

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Market Analysis by Nature, Application and Region:

  • Based on nature, the market is divided into organic and conventional.
  • On the basis of application, the market is categorised into animal feed, human food, and biodiesel and lubricants, among others. Human food is further divided into oil, tofu, and soy milk, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global soybean market is driven by the crushing industry, where the extraction of soy meal and soy oil takes place.
  • The thriving animal feed industry, as well as the increasing applications in various industries, such as oleochemicals, biodiesel, and food industries, are boosting the market growth.
  • The increasing awareness about the health benefits of soybean as it offers a healthy alternative to cholesterol and fat-rich food is further enhancing the market for soybean.
  • The growing shift towards soybean-based snack and food products such as soy chocolate nuts and soy crisps are propelling the market growth further.
  • The growing market for adhesives, candles, insecticides, printing inks, waxes, plastics, etc., are accelerating the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global soybean market for the periods (2018-2023) and (2024-2032).
  • The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the application and regional markets of soybean.
  • It gives an in-depth look at the regional price trends in the global soybean market for the periods (2018-2023) and (2024-2032).
  • It analyses the global trade data, looking into the value and volume of the significant importing as well as exporting countries.

Bunge Limited, Cargill, Incorporated, COFCO International, Andre Maggi Participacoes S.A., CHS Inc., Olam Agri Holdings Pte Ltd, Glencore plc, Nordic Soya Oy, Denofa AS, and Wilmar International, among others, are the key players in the global soybean market as identified by EMR. The comprehensive report looks into their market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions.

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Report Summary

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Nature
  • Application
  • Region
Breakup by Nature
  • Organic
  • Conventional
Breakup by Application
  • Animal Feed
  • Human Food
  • Biodiesel and Lubricants
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Bunge Limited
  • Cargill, Incorporated
  • COFCO International
  • Andre Maggi Participacoes S.A.
  • CHS Inc.
  • Olam Agri Holdings Pte Ltd
  • Glencore plc
  • Nordic Soya Oy
  • Denofa AS
  • Wilmar International
  • Others

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