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Global Soybean Market: By Application: Crush, Feed Use, Food Use; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Production and Consumption (2015-2019); Production and Consumption Forecast (2020-2025); SWOT Analysis; Price Analysis; Porter’s Five Forces Analysis; Trade Analysis; Value Chain Analysis; EMR’s Key Indicators for Demand; EMR’s Key Indicators for Price; Procurement Strategy; Cost Analysis

Global Soybean Market Key Insights:

 

  • Applications: Crush, Feed Use, and Food Use
  • Market Analysis and Outlook 2020-2025
  • SWOT Analysis
  • Market Performance
  • Breakup by Region
  • Price Analysis
  • Industry Challenges
  • Value Chain Analysis
  • Key Demand Indicators

 

Market Outlook

The global soybean market attained a consumption volume of 347 million metric tons between 2018 and 2019. The consumption is expected to further grow at a CAGR of 2% in the forecast period of 2020-2025 to reach a volume of 373 million metric tons by 2025.

Global Soybean Market Report and Forecast 2020-2025

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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.

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.

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 (2015-2019) and forecast (2020-2025) 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.

1    Preface
    1.1    Objectives of the Study
        1.1.1    Research Objective
        1.1.2    Key Findings of the Report
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Cost Structure
    4.5    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global Soybean Market Analysis
    6.1    Figure: Global Soybean Historical Market (2015-2019) & Forecast (2020-2025)
    6.2    Chart: Global Soybean Market Breakup by Application
        6.2.1    Crush
        6.2.2    Feed Use
        6.2.3    Food Use
    6.3    Figure: Global Soybean Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
        6.3.1    Crush
        6.3.2    Feed Use
        6.3.3    Food Use
    6.4    Chart: Global Soybean Market Breakup by Region
        6.4.1    North America
            6.4.1.1    United State of America
            6.4.1.2    Canada
        6.4.2    Europe
            6.4.2.1    United Kingdom
            6.4.2.2    Germany
            6.4.2.3    France
            6.4.2.4    Italy
            6.4.2.5    Others
        6.4.3    Asia Pacific
            6.4.3.1    China
            6.4.3.2    Japan
            6.4.3.3    India
            6.4.3.4    ASEAN
            6.4.3.5    Others
        6.4.4    Latin America
            6.4.4.1    Brazil
            6.4.4.2    Argentina
            6.4.4.3    Colombia
            6.4.4.4    Others
        6.4.5    Middle East and Africa
            6.4.5.1    Saudi Arabia
            6.4.5.2    United Arab Emirates
            6.4.5.3    Nigeria
            6.4.5.4    South Africa
            6.4.5.5    Others
    6.5    Figure: Global Soybean Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
        6.5.1    North America
            6.5.1.1    United State of America
            6.5.1.2    Canada
        6.5.2    Europe
            6.5.2.1    United Kingdom
            6.5.2.2    Germany
            6.5.2.3    France
            6.5.2.4    Italy
            6.5.2.5    Others
        6.5.3    Asia Pacific
            6.5.3.1    China
            6.5.3.2    Japan
            6.5.3.3    India
            6.5.3.4    ASEAN
            6.5.3.5    Others
        6.5.4    Latin America
            6.5.4.1    Brazil
            6.5.4.2    Argentina
            6.5.4.3    Colombia
            6.5.4.4    Others
        6.5.5    Middle East and Africa
            6.5.5.1    Saudi Arabia
            6.5.5.2    United Arab Emirates
            6.5.5.3    Nigeria
            6.5.5.4    South Africa 
            6.5.5.5    Others
7    Global Soybean Price Analysis
    7.1    North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    7.2    Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
    7.3    Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
    7.4    Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    7.5    Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
8    Global Soybean Trade Analysis (HS Code: 1201)
    8.1    Major Exporting Countries: By Value and Volume
    8.2    Major Importing Countries: By Value and Volume
9    SWOT Analysis
    9.1    Overview
    9.2    Strengths
    9.3    Weaknesses
    9.4    Opportunities
    9.5    Threats
10    Porter’s Five Forces Analysis
    10.1    Overview
    10.2    Buyer’s Power
    10.3    Supplier’s Power
    10.4    New Entrants
    10.5    Degree of Rivalry
    10.6    Substitutes
11    Value Chain Analysis
12    EMR’s Key Indicators for Demand
13    EMR’s Key Indicators for Price
14    Procurement Strategy

    14.1    Contract Structures
    14.2    Pricing Structure
    14.3    Engagement Model
15    Cost Analysis 
    15.1    Seed Cost
    15.2    Fertilizer Cost
    15.3    Chemicals Cost
    15.4    Custom Operations
    15.5    Other Operating Cost
    15.6    Taxes
    15.7    Labour
    15.8    Overheads

Analyst Review

The global soybean market attained a consumption volume of 347 million metric tons between 2018 and 2019. It is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 2%. The soybean market consumption is projected to reach a volume of around 373 million metric tons by 2025.

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 (2015-2019)?
  • What is the forecast assessment of the soybean market for 2020-2025?
  • 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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