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Global Soybean Market: By Application: Crush, Feed Use, Food Use; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; SWOT Analysis; Porter’s Five Forces Analysis; Value Chain Analysis; Procurement Strategy; Cost Analysis; Competitive Landscape; Industry Events and Developments

Global Soybean Market Outlook

The global soybean market attained a consumption volume of 347 million metric tons between 2018 and 2020. The consumption is expected to further grow at a CAGR of 2% in the forecast period of 2021-2026 to reach a volume of 373 million metric tons by 2026.

 

Global Soybean Market

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The United States leads the global soybean market in terms of production. The region accounts for around 34% of the global output. The United States is followed by Brazil, Argentina, China, and India as the other largest producers of soybean. The major exporting countries include the United States, Brazil, Argentina, Canada, and Paraguay. Brazil is the largest soybean exporter, exporting a significant volume to China and Spain. China and Spain together account for 80% of the total imports of soybean. The United States is among the significant soybean exporters, exporting majorly to China and Mexico.

The major consuming regions include China, accounting for over 30% of the total consumption. It is followed by the United States, Argentina, Brazil, and the European Union. The most dominant end-use sector is the crushing industry, which results in the production of soy meal and soy oil. Soy oil is widely being used in the food, oleochemicals, and biodiesel industry, whereas soy meal has its uses in animal feed. China imports more than 60% of its soybean to meet its regional demand, especially in the crushing industry. China is planning to reduce its imports by shifting from corn production to soybean production and providing subsidies to the farmers who are doing that transition from corn to soybean production. Other importing regions are the European Union, Mexico, Egypt, and Argentina.

 

Properties and Applications

Soybean is also known as soya beans. It is an annual legume and an edible seed of the pea family (Fabaceae). Its scientific name is Glycine max. Soybeans are the most economically important bean in the world, supplying plant protein for millions of people plus ingredients for a lot of chemical products. They contain significant quantities of phytic acid, B vitamins, and dietary minerals. Soy vegetable oil, widely used in food as well as industrial applications, is a significant soybean processing product. It is the most important source of protein for livestock feed, which, in return, provides animal protein for human consumption.

 

Global Soybean Market By Application

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Soybean has wide applications in the following segments:

  • Crush
  • Feed Use
  • Food Use

The EMR report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Soybean Market By Region

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Market Analysis

The global soybean market is majorly being driven by the crushing industry, where soy meal and soy oil are extracted. These are the end products, which have wide applications in the food and feed industries. Soy meal is used in the animal feed industry, whereas soy oil has its applications in the various industries, including oleochemicals, biodiesel, and food industries.

Soybean is widely used in the food industry as condiments in salads and for other cooking purposes. Soybean is also popular as a healthy alternative to cholesterol and fat-rich food. It is the ideal dairy alternative for people who are lactose intolerant. Moreover, it gives numerous health benefits with a high nutrient content of fibres, protein, antioxidants, phytoestrogens, omega-3 fatty acids, among others. The increasing cases of diseases like obesity have led to a shift to soybean-based snack and food products like soy chocolate nuts and soy crisps, driving the soybean market further. It is also helpful for people suffering from anaemia as it is a rich source of iron and copper, helping in the formation of red blood cells. Thus, the rising health consciousness and rising demand for dairy alternatives are driving the growth of the global soybean market.

Other driving factors for the soybean market are the growing markets for adhesives, insecticides, candles, printing inks, waxes, plastics, etc. The demand for these products is growing rapidly with the rising construction and automobiles industries across major markets. The rising middle-class population and growing urbanisation are also propelling the growth of the soybean market.

The comprehensive report covers the macro and micro aspects of the industry. The EMR report provides an in-depth assessment of the industry based on Porter’s five forces model, along with giving a SWOT analysis. This report also provides the regional historical (2016-2020) and forecast (2021-2026) price analysis for the product. It also assesses the global trade data, covering the volume and value of leading importing and exporting countries. Key demand and price indicators have also been provided within the report. The report also provides a cost and value chain analysis of the market.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region
Breakup by Application Crush, Feed Use, Food Use
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Olam International, Fuji Oil Co., Ltd., CHS Inc., Cargill, Incorporated, The Scoular Company, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Soybean Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Soybean Historical Market (2016-2020) 
    8.3    Global Soybean Market Forecast (2021-2026)
    8.4    Global Soybean Market by Application
        8.4.1    Crush
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Feed Use
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Food Use
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Soybean Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis (HS Code:1201)

    12.1    Major Exporting Countries
        12.1.1    By Value
        12.1.2    By Volume
    12.2    Major Importing Countries
        12.2.1    By Value
        12.2.2    By Volume
13    Price Analysis
    13.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    13.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Olam International
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Fuji Oil Co., Ltd.
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    CHS Inc.
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Cargill, Incorporated
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    The Scoular Company
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Others
15    Industry Events and Developments


List of Figures and Tables

1.    Global Soybean Market: Key Industry Highlights, 2016 and 2026
2.    Global Soybean Historical Market: Breakup by Application (Million Metric Tons), 2016-2020
3.    Global Soybean Market Forecast: Breakup by Application (Million Metric Tons), 2021-2026
4.    Global Soybean Historical Market: Breakup by Region (Million Metric Tons), 2016-2020
5.    Global Soybean Market Forecast: Breakup by Region (Million Metric Tons), 2021-2026
6.    North America Soybean Historical Market: Breakup by Country (Million Metric Tons), 2016-2020
7.    North America Soybean Market Forecast: Breakup by Country (Million Metric Tons), 2021-2026
8.    Europe Soybean Historical Market: Breakup by Country (Million Metric Tons), 2016-2020
9.    Europe Soybean Market Forecast: Breakup by Country (Million Metric Tons), 2021-2026
10.    Asia Pacific Soybean Historical Market: Breakup by Country (Million Metric Tons), 2016-2020
11.    Asia Pacific Soybean Market Forecast: Breakup by Country (Million Metric Tons), 2021-2026
12.    Latin America Soybean Historical Market: Breakup by Country (Million Metric Tons), 2016-2020
13.    Latin America Soybean Market Forecast: Breakup by Country (Million Metric Tons), 2021-2026
14.    Middle East and Africa Soybean Historical Market: Breakup by Country (Million Metric Tons), 2016-2020
15.    Middle East and Africa Soybean Market Forecast: Breakup by Country (Million Metric Tons), 2021-2026
16.    Major Importing Countries by Volume (2020)
17.    Major Exporting Countries by Volume (2020)
18.    Major Importing Countries by Value (2020)
19.    Major Exporting Countries by Value (2020)
20.    North America Historical Price Trends and Forecast 2016-2026
21.    Europe Historical Price Trends and Forecast 2016-2026
22.    Asia Pacific Historical Price Trends and Forecast 2016-2026
23.    Latin America Historical Price Trends and Forecast 2016-2026
24.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
25.    Global Soybean Market Structure

Analyst Review

The global soybean market attained a consumption volume of 347 million metric tons between 2018 and 2020. It is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 2%. The soybean market consumption is projected to reach a volume of around 373 million metric tons by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the global soybean market can be segmented into crush, feed use, and food use, with the crush segment account for the largest consumption of the product. North America, Latin America, Europe, the Middle East and Africa, Europe, and the Asia Pacific are the major regions in the market.

The major drivers of the industry such as rising disposable incomes, increasing population, rising urbanisation, rising demand from the crushing industry, growing health consciousness, increasing demand for dairy alternatives, and growing automobiles and construction industries are driving the growth of the market globally. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with industry insights that are accurate, actionable, and help them remain ahead of their competition.

EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:

  • How has the global soybean market performed in the previous years (2016-2020)?
  • What is the forecast assessment of the soybean market for 2021-2026?
  • What are the major soybean market drivers and constraints?
  • What are the major price and demand indicators of the global soybean market?
  • What are the price trends of the product in the soybean market globally?
  • Who are the key manufacturers of the product in the global soybean market?
  • What are the import and export trends in the global soybean market?
  • Who are the top importers and exporters of the product in the industry globally?
  • What is the degree of competition in the global soybean market?
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