Global Soybean Market Outlook, 2030

The Global Soybean market is segmented into By Type (GMO, Non-GMO), By Applications (Animal Feed, Food & Beverages, Industrial, Other), By Form (Processed, Raw), By Distribution Channel (Direct Sales, Wholesale, Retail).

The global Soybean market is projected to grow from USD 196.34 Billion in 2024 to USD 278.98 Billion by 2030 at a 6% CAGR, driven by rising tech adoption.

Soybean Market Analysis

The soybean industry is one of the most crucial sectors in global agriculture, serving as a key contributor to the world’s food, feed, and industrial markets. Soybeans, native to East Asia, are now grown widely across continents, with major production regions in North and South America, particularly in the United States, Brazil, and Argentina. These countries, along with others, produce the vast majority of the world’s soybean supply, making the industry highly competitive and economically significant. Soybeans are incredibly versatile, providing a wide range of products, including oil, protein, and various by-products that are utilized across numerous sectors. The global demand for soybeans has grown steadily due to their use in food products, animal feed, biofuels, and as a base ingredient in many industrial applications, including cosmetics and pharmaceuticals. A key driver of the soybean industry’s growth is its role as a major source of plant-based protein. Soybean meal, a by-product of oil extraction, is widely used as animal feed, particularly in poultry, cattle, and swine production. As the global demand for meat and animal-based products continues to rise, so does the demand for soybean meal, particularly in emerging markets. Additionally, the rise of plant-based diets and alternative proteins has propelled the demand for soy-based food products, including tofu, tempeh, soy milk, and meat substitutes like soy protein isolates. The increasing trend towards plant-based diets, driven by health, environmental, and ethical concerns, has positioned soybeans as a staple in the growing global market for vegetarian and vegan foods. Furthermore, soybeans are rich in essential amino acids, making them an ideal alternative to animal-based proteins, and they are recognized for their health benefits, including heart disease prevention and improved cholesterol levels. Moreover, climate change poses a growing threat to the soybean industry, as changing weather patterns can lead to more frequent droughts, floods, and unpredictable growing seasons. These challenges affect crop yields and can cause disruptions in the global supply chain. As a result, the soybean industry is investing in research and development to create genetically modified (GM) soybeans that are more resistant to environmental stress and pests. These innovations aim to improve yield stability and ensure that soybeans continue to meet the growing global demand in a changing climate. According to the research report “Global Soybean Market Outlook, 2030” published by Bonafide Research, the global market is projected to reach market size of USD 278.98 Billion by 2030 increasing from USD 196.34 Billion in 2024, growing with 6.16% CAGR by 2025-30. Soybean oil, another primary product derived from soybeans, is extensively used in cooking, food processing, and as an ingredient in products ranging from salad dressings to snack foods. It is a widely used vegetable oil because of its mild flavor, versatility, and relatively low cost. In addition to the food industry, soybean oil is used in industrial applications such as biodiesel production, where it has gained popularity due to its renewable and eco-friendly nature. The rise in renewable energy initiatives and the push for more sustainable sources of energy has led to an increase in the use of soybean oil in the production of biodiesel, which is seen as an environmentally friendly alternative to traditional petroleum-based fuels. This has provided a significant boost to the soybean industry, especially in countries like the United States, where biodiesel is becoming a key component of the energy mix. The global soybean industry faces a number of challenges, including fluctuating market prices, environmental concerns, and the impact of climate change. The prices of soybeans can be volatile, influenced by factors such as crop yields, weather conditions, and government policies. The soybean industry is also vulnerable to shifting trade relations, as seen in the trade disputes between the United States and China, which affected global soybean trade patterns. Additionally, the environmental impact of large-scale soybean farming has come under scrutiny, with concerns about deforestation, particularly in regions like the Amazon rainforest, where land is cleared to make way for soybean plantations. Sustainable farming practices, such as crop rotation and the use of environmentally friendly pesticides, are becoming increasingly important to address these concerns. However, balancing demand for soybeans with environmental sustainability remains a challenge.

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Market Dynamic

Market DriversGrowing Demand for Plant-Based Proteins: The increasing global shift toward plant-based diets is one of the primary drivers of the soybean industry. With the rise in vegetarian, vegan, and flexitarian diets, soybeans have become a key protein source for people looking to reduce or eliminate animal products from their diets. This shift is not only driven by health concerns but also by environmental factors, as plant-based proteins are seen as more sustainable than animal proteins. As a result, soy-based products such as tofu, soy milk, and meat substitutes are experiencing significant demand worldwide, pushing the expansion of the soybean market. • Rising Need for Biofuels: The demand for renewable energy sources, particularly biofuels like biodiesel, has spurred the growth of the soybean industry. Soybean oil is one of the most widely used feedstocks for biodiesel production due to its renewable nature and lower environmental impact compared to petroleum-based fuels. As countries strive to meet their sustainability goals and reduce their carbon footprint, the demand for biodiesel derived from soybeans continues to rise, providing a significant growth opportunity for the industry. Market ChallengesEnvironmental Impact and Deforestation: Large-scale soybean farming, particularly in regions like South America, has been linked to deforestation, especially in the Amazon rainforest. The clearing of forests to make room for soybean plantations contributes to the loss of biodiversity, carbon emissions, and other environmental issues. The growing concern about the environmental consequences of soy cultivation is pressuring the industry to adopt more sustainable farming practices and avoid contributing to further deforestation. Balancing the increasing demand for soybeans with environmental sustainability remains a significant challenge for the industry. • Climate Change and Unpredictable Weather Patterns: The soybean industry is highly vulnerable to the impacts of climate change, as soybeans are sensitive to changes in temperature, rainfall, and extreme weather events. Unpredictable weather patterns such as droughts, floods, and unseasonably high or low temperatures can drastically affect soybean crop yields. This has led to concerns over supply chain disruptions and the need for increased investment in climate-resilient farming practices and technologies. Market TrendsAdvancements in Genetically Modified Soybeans: The development of genetically modified (GM) soybeans resistant to pests, diseases, and environmental stress is a key trend in the industry. These innovations help to improve crop yields and make soybean farming more efficient, even in the face of climate change and challenging weather conditions. GM soybeans also offer the potential for more sustainable farming practices by reducing the need for chemical pesticides and fertilizers. As farmers and producers face the pressures of rising demand and environmental challenges, GM technology is expected to play a pivotal role in securing the future of the soybean industry. • Sustainability and Ethical Sourcing: Consumers and businesses alike are placing increasing importance on sustainability and ethical sourcing in the products they purchase. This trend is driving the soybean industry to focus more on sustainable farming practices, such as crop rotation, reduced pesticide use, and traceability in the supply chain. Certification programs like the Roundtable on Responsible Soy (RTRS) are gaining traction, encouraging soy producers to adopt environmentally friendly and socially responsible practices. As a result, there is a growing shift towards more transparent and sustainable soybean production processes to meet the demands of environmentally conscious consumers and companies.

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Soybean Segmentation

By Type GMO
Non GMO
By Applications Animal Feed
Food & Beverages
Industrial
Other
By Form Processed
Raw
By Distribution Channel Direct Sales
Wholesale
Retail
GeographyNorth AmericaUnited States
Canada
Mexico
EuropeGermany
United Kingdom
France
Italy
Spain
Russia
Asia-PacificChina
Japan
India
Australia
South Korea
South AmericaBrazil
Argentina
Colombia
MEAUnited Arab Emirates
Saudi Arabia
South Africa

Genetically Modified (GMO) soybeans are leading the soybean market due to their increased resistance to pests, diseases, and environmental stress, which enhances yield and ensures greater crop stability. Genetically Modified (GMO) soybeans are gaining dominance in the global market primarily because they offer improved resilience against various agricultural challenges, including pests, diseases, and adverse weather conditions. One of the key reasons for the popularity of GMO soybeans is their ability to tolerate herbicides and resist insects, which reduces the need for chemical treatments, thus lowering production costs and improving farming efficiency. These traits make GMO soybeans particularly valuable for large-scale commercial farmers, who rely on high yields and cost-effectiveness to stay competitive in the market. Additionally, GMO soybeans are engineered to withstand environmental stresses such as droughts or extreme temperatures, which have become increasingly common due to climate change. This genetic advantage helps farmers mitigate risks related to unpredictable weather, ensuring more consistent and reliable crop production. As a result, GMO soybeans have become a cornerstone of modern agricultural practices, helping to meet the growing global demand for soybeans in food products, animal feed, and biofuels, while also contributing to the industry's ability to provide food security in a changing climate. Furthermore, these soybeans can be tailored for specific market needs, including enhanced nutritional profiles, which makes them highly sought after in both food and industrial applications. However, despite their widespread adoption, the GMO soybean market continues to face opposition from environmental and health groups, who question the long-term effects of GMOs on biodiversity and human health. Despite these concerns, the benefits of improved yield, reduced pesticide usage, and increased climate resilience position GMO soybeans as a dominant force in the global soybean market. Animal feed is leading the soybean market due to the high demand for protein-rich feed ingredients in livestock farming, driven by the global growth in meat and dairy consumption. The soybean market is heavily influenced by the animal feed industry because soybeans are one of the most efficient and cost-effective sources of protein for livestock, particularly in poultry, cattle, and swine production. Soybean meal, a by-product of soybean oil extraction, is rich in essential amino acids, which are crucial for the growth, development, and productivity of animals. As global demand for meat, poultry, and dairy products rises—especially in emerging markets where populations are increasing and incomes are growing—the need for protein-rich animal feed continues to surge. This has positioned soybeans as a staple ingredient in animal feed formulations, given their high protein content, availability, and relatively low cost compared to other protein sources. Additionally, soybean meal is highly digestible and provides a balanced nutritional profile, making it an ideal choice for animal nutritionists seeking to optimize animal health and productivity. With the global agricultural industry striving to meet the demands of a growing population, soybeans have become indispensable in supporting efficient livestock production systems. The continuous increase in the consumption of animal-based products, coupled with the growing industrialization of livestock farming, further strengthens the role of soybeans in animal feed. Consequently, soybean meal represents a significant portion of the global soybean market, making animal feed a leading application for soybeans and driving the market's growth. Processed soybeans are leading the soybean market due to their versatility and wide range of applications in food products, animal feed, and industrial uses, which drive consistent demand. Processed soybeans are a dominant force in the soybean market because they undergo various treatments that enhance their usability in multiple industries, making them one of the most versatile agricultural products globally. The process of transforming raw soybeans into products like soybean oil, soy protein, soy milk, tofu, and soybean meal increases their value and broadens their range of applications. In the food industry, processed soybeans serve as a key ingredient in a wide array of products, including plant-based alternatives like soy-based meat substitutes, dairy replacements, and snacks, catering to the growing demand for plant-based diets. Soy protein isolates, derived from processed soybeans, are used in protein bars, beverages, and nutritional supplements, capitalizing on the booming health and wellness trend. In the animal feed industry, processed soybeans, particularly soybean meal, are highly sought after due to their high protein content and digestibility, making them essential for efficient livestock production. Furthermore, processed soybeans are increasingly used in non-food applications, such as biofuels, cosmetics, and industrial products, thanks to their oil content and functional properties. The processing of soybeans adds significant economic value to the raw product, and the wide range of processed soybean derivatives caters to the diverse needs of various industries, from food production to renewable energy. As consumer preferences shift towards more sustainable, plant-based products and the demand for animal feed continues to rise globally, the processed soybean segment remains central to the continued growth and evolution of the soybean market.

Soybean Market Regional Insights

Asia-Pacific is leading the soybean market due to its massive demand for soybeans in food production, animal feed, and biofuels, driven by the region's large population, rapid urbanization, and increasing consumption of protein-rich diets. The Asia-Pacific region is the largest player in the global soybean market, owing to its enormous and growing demand for soybeans across various industries. With over 4.7 billion people, the region accounts for a significant portion of global soybean consumption, particularly in countries like China, India, Japan, and South Korea. One of the key drivers of this demand is the increasing consumption of protein-rich foods, particularly soy-based products like tofu, soy milk, and meat alternatives, which are staples in many Asian diets. Additionally, the livestock and poultry industries in Asia are major consumers of soybean meal, a high-protein by-product of soy processing, essential for animal feed. As meat and dairy consumption rise alongside urbanization and economic development, the need for soybeans to support these industries continues to grow. The region is also a key player in biofuel production, with countries like China and India increasingly turning to soy oil as a renewable energy source. Furthermore, the growing shift towards more sustainable and plant-based food options has contributed to the expansion of the soy-based food market, further driving the demand for soybeans. While Asia-Pacific is a major importer of soybeans, particularly from regions like North America and South America, the market is becoming increasingly integrated, with efforts to boost domestic production in countries like India. The vast and diversified demand for soybeans, combined with the region's economic growth and changing dietary habits, has made Asia-Pacific the leading market for soybeans. As the trend toward plant-based proteins and biofuels continues to gain momentum, the region’s dominance in the global soybean market is expected to persist, making it a critical hub for both production and consumption.

Key Development

• In November 2023, Cargill’s integrated soybean crush and refined oils facility in Sidney, Ohio wrapped up the expansion and modernization project, which came online in September. This improved facility is intended to serve farmers better and fulfill the growing soy product demands across feed, food, and renewable fuel markets. • In April 2023, China has increased the planting areas for soybeans and edible oil crops by 10 million mu (equivalent to 666,667 hectares). This move, as reported by the Ministry of Agriculture and Rural Affairs, aims to bolster grain production, secure supplies, and enhance self-sufficiency. • In November 2022, the World Bank Board of Directors greenlit a grant agreement worth USD 24.58 million. This funding aims to implement Sustainable Land Management (SLM) practices in Brazil. The initiative focuses on boosting agricultural productivity in the soybean and beef cattle value chains. The overarching goals are to rejuvenate extensive degraded pasturelands and simultaneously curtail greenhouse gas emissions. • In August 2022, North Dakota Soybean Processors (NDSP), a collaboration between CGB Enterprises Inc. (CGB) and Minnesota Soybean Processors (MnSP), expanded its new facility. This facility is set to process 42.5 million bushels of soybeans, yielding soybean oil, meal, and hulls.

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Companies Mentioned

  • Cargill Incorporation
  • SunOpta Inc
  • Archer-Daniels-Midland Company
  • Bunge Limited
  • CHS Inc.
  • Grain Millers
  • Corteva, Inc.
  • Wilmar International Limited
  • The Amaggi Group
  • The Scoular Company
Company mentioned

Table of Contents

  • 1. Executive Summary
  • 2. Market Dynamics
  • 2.1. Market Drivers & Opportunities
  • 2.2. Market Restraints & Challenges
  • 2.3. Market Trends
  • 2.3.1. XXXX
  • 2.3.2. XXXX
  • 2.3.3. XXXX
  • 2.3.4. XXXX
  • 2.3.5. XXXX
  • 2.4. Supply chain Analysis
  • 2.5. Policy & Regulatory Framework
  • 2.6. Industry Experts Views
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. Market Structure
  • 4.1. Market Considerate
  • 4.2. Assumptions
  • 4.3. Limitations
  • 4.4. Abbreviations
  • 4.5. Sources
  • 4.6. Definitions
  • 5. Economic /Demographic Snapshot
  • 6. Global Soybean Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share By Region
  • 6.3. Market Size and Forecast, By Geography
  • 6.4. Market Size and Forecast, By Type
  • 6.5. Market Size and Forecast, By Applications
  • 6.6. Market Size and Forecast, By Form
  • 6.7. Market Size and Forecast, By Distribution Channel
  • 7. North America Soybean Market Outlook
  • 7.1. Market Size By Value
  • 7.2. Market Share By Country
  • 7.3. Market Size and Forecast, By Type
  • 7.4. Market Size and Forecast, By Applications
  • 7.5. Market Size and Forecast, By Form
  • 7.6. Market Size and Forecast, By Distribution Channel
  • 7.7. United States Soybean Market Outlook
  • 7.7.1. Market Size by Value
  • 7.7.2. Market Size and Forecast By Type
  • 7.7.3. Market Size and Forecast By Applications
  • 7.7.4. Market Size and Forecast By Form
  • 7.7.5. Market Size and Forecast By Distribution Channel
  • 7.8. Canada Soybean Market Outlook
  • 7.8.1. Market Size by Value
  • 7.8.2. Market Size and Forecast By Type
  • 7.8.3. Market Size and Forecast By Applications
  • 7.8.4. Market Size and Forecast By Form
  • 7.8.5. Market Size and Forecast By Distribution Channel
  • 7.9. Mexico Soybean Market Outlook
  • 7.9.1. Market Size by Value
  • 7.9.2. Market Size and Forecast By Type
  • 7.9.3. Market Size and Forecast By Applications
  • 7.9.4. Market Size and Forecast By Form
  • 7.9.5. Market Size and Forecast By Distribution Channel
  • 8. Europe Soybean Market Outlook
  • 8.1. Market Size By Value
  • 8.2. Market Share By Country
  • 8.3. Market Size and Forecast, By Type
  • 8.4. Market Size and Forecast, By Applications
  • 8.5. Market Size and Forecast, By Form
  • 8.6. Market Size and Forecast, By Distribution Channel
  • 8.7. Germany Soybean Market Outlook
  • 8.7.1. Market Size by Value
  • 8.7.2. Market Size and Forecast By Type
  • 8.7.3. Market Size and Forecast By Applications
  • 8.7.4. Market Size and Forecast By Form
  • 8.7.5. Market Size and Forecast By Distribution Channel
  • 8.8. United Kingdom (UK) Soybean Market Outlook
  • 8.8.1. Market Size by Value
  • 8.8.2. Market Size and Forecast By Type
  • 8.8.3. Market Size and Forecast By Applications
  • 8.8.4. Market Size and Forecast By Form
  • 8.8.5. Market Size and Forecast By Distribution Channel
  • 8.9. France Soybean Market Outlook
  • 8.9.1. Market Size by Value
  • 8.9.2. Market Size and Forecast By Type
  • 8.9.3. Market Size and Forecast By Applications
  • 8.9.4. Market Size and Forecast By Form
  • 8.9.5. Market Size and Forecast By Distribution Channel
  • 8.10. Italy Soybean Market Outlook
  • 8.10.1. Market Size by Value
  • 8.10.2. Market Size and Forecast By Type
  • 8.10.3. Market Size and Forecast By Applications
  • 8.10.4. Market Size and Forecast By Form
  • 8.10.5. Market Size and Forecast By Distribution Channel
  • 8.11. Spain Soybean Market Outlook
  • 8.11.1. Market Size by Value
  • 8.11.2. Market Size and Forecast By Type
  • 8.11.3. Market Size and Forecast By Applications
  • 8.11.4. Market Size and Forecast By Form
  • 8.11.5. Market Size and Forecast By Distribution Channel
  • 8.12. Russia Soybean Market Outlook
  • 8.12.1. Market Size by Value
  • 8.12.2. Market Size and Forecast By Type
  • 8.12.3. Market Size and Forecast By Applications
  • 8.12.4. Market Size and Forecast By Form
  • 8.12.5. Market Size and Forecast By Distribution Channel
  • 9. Asia-Pacific Soybean Market Outlook
  • 9.1. Market Size By Value
  • 9.2. Market Share By Country
  • 9.3. Market Size and Forecast, By Type
  • 9.4. Market Size and Forecast, By Applications
  • 9.5. Market Size and Forecast, By Form
  • 9.6. Market Size and Forecast, By Distribution Channel
  • 9.7. China Soybean Market Outlook
  • 9.7.1. Market Size by Value
  • 9.7.2. Market Size and Forecast By Type
  • 9.7.3. Market Size and Forecast By Applications
  • 9.7.4. Market Size and Forecast By Form
  • 9.7.5. Market Size and Forecast By Distribution Channel
  • 9.8. Japan Soybean Market Outlook
  • 9.8.1. Market Size by Value
  • 9.8.2. Market Size and Forecast By Type
  • 9.8.3. Market Size and Forecast By Applications
  • 9.8.4. Market Size and Forecast By Form
  • 9.8.5. arket Size and Forecast By Distribution Channel
  • 9.9. India Soybean Market Outlook
  • 9.9.1. Market Size by Value
  • 9.9.2. Market Size and Forecast By Type
  • 9.9.3. Market Size and Forecast By Applications
  • 9.9.4. Market Size and Forecast By Form
  • 9.9.5. Market Size and Forecast By Distribution Channel
  • 9.10. Australia Soybean Market Outlook
  • 9.10.1. Market Size by Value
  • 9.10.2. Market Size and Forecast By Type
  • 9.10.3. Market Size and Forecast By Applications
  • 9.10.4. Market Size and Forecast By Form
  • 9.10.5. Market Size and Forecast By Distribution Channel
  • 9.11. South Korea Soybean Market Outlook
  • 9.11.1. Market Size by Value
  • 9.11.2. Market Size and Forecast By Type
  • 9.11.3. Market Size and Forecast By Applications
  • 9.11.4. Market Size and Forecast By Form
  • 9.11.5. Market Size and Forecast By Distribution Channel
  • 10. South America Soybean Market Outlook
  • 10.1. Market Size By Value
  • 10.2. Market Share By Country
  • 10.3. Market Size and Forecast, By Type
  • 10.4. Market Size and Forecast, By Applications
  • 10.5. Market Size and Forecast, By Form
  • 10.6. Market Size and Forecast, By Distribution Channel
  • 10.7. Brazil Soybean Market Outlook
  • 10.7.1. Market Size by Value
  • 10.7.2. Market Size and Forecast By Type
  • 10.7.3. Market Size and Forecast By Applications
  • 10.7.4. Market Size and Forecast By Form
  • 10.7.5. Market Size and Forecast By Distribution Channel
  • 10.8. Argentina Soybean Market Outlook
  • 10.8.1. Market Size by Value
  • 10.8.2. Market Size and Forecast By Type
  • 10.8.3. Market Size and Forecast By Applications
  • 10.8.4. Market Size and Forecast By Form
  • 10.8.5. Market Size and Forecast By Distribution Channel
  • 10.9. Colombia Soybean Market Outlook
  • 10.9.1. Market Size by Value
  • 10.9.2. Market Size and Forecast By Type
  • 10.9.3. Market Size and Forecast By Applications
  • 10.9.4. Market Size and Forecast By Form
  • 10.9.5. Market Size and Forecast By Distribution Channel
  • 11. Middle East & Africa Soybean Market Outlook
  • 11.1. Market Size By Value
  • 11.2. Market Share By Country
  • 11.3. Market Size and Forecast, By Type
  • 11.4. Market Size and Forecast, By Applications
  • 11.5. Market Size and Forecast, By Form
  • 11.6. Market Size and Forecast, By Distribution Channel
  • 11.7. United Arab Emirates (UAE) Soybean Market Outlook
  • 11.7.1. Market Size by Value
  • 11.7.2. Market Size and Forecast By Type
  • 11.7.3. Market Size and Forecast By Applications
  • 11.7.4. Market Size and Forecast By Form
  • 11.7.5. Market Size and Forecast By Distribution Channel
  • 11.8. Saudi Arabia Soybean Market Outlook
  • 11.8.1. Market Size by Value
  • 11.8.2. Market Size and Forecast By Type
  • 11.8.3. Market Size and Forecast By Applications
  • 11.8.4. Market Size and Forecast By Form
  • 11.8.5. Market Size and Forecast By Distribution Channel
  • 11.9. South Africa Soybean Market Outlook
  • 11.9.1. Market Size by Value
  • 11.9.2. Market Size and Forecast By Type
  • 11.9.3. Market Size and Forecast By Applications
  • 11.9.4. Market Size and Forecast By Form
  • 11.9.5. Market Size and Forecast By Distribution Channel
  • 12. Competitive Landscape
  • 12.1. Competitive Dashboard
  • 12.2. Business Strategies Adopted by Key Players
  • 12.3. Key Players Market Share Insights and Analysis, 2024
  • 12.4. Key Players Market Positioning Matrix
  • 12.5. Porter's Five Forces
  • 12.6. Company Profile
  • 12.6.1. Cargill, Incorporated
  • 12.6.1.1. Company Snapshot
  • 12.6.1.2. Company Overview
  • 12.6.1.3. Financial Highlights
  • 12.6.1.4. Geographic Insights
  • 12.6.1.5. Business Segment & Performance
  • 12.6.1.6. Product Portfolio
  • 12.6.1.7. Key Executives
  • 12.6.1.8. Strategic Moves & Developments
  • 12.6.2. Wilmar International Limited
  • 12.6.3. SLC Participações S.A.
  • 12.6.4. The Scoular Company
  • 12.6.5. Bunge Global SA
  • 12.6.6. Louis Dreyfus Company B.V.
  • 12.6.7. Grain Millers, Inc.
  • 12.6.8. SunOpta Inc.
  • 12.6.9. Clarkson Grain Company
  • 12.6.10. AVI Agri Business Pvt., Ltd.
  • 12.6.11. PURIS
  • 12.6.12. CHS Inc.
  • 12.6.13. Benson Hill Inc
  • 12.6.14. Olam Agri
  • 12.6.15. Amaggi Group
  • 12.6.16. Corteva, Inc.
  • 12.6.17. Fuji Oil Co., Ltd.
  • 12.6.18. Crown Soya Protein Group
  • 12.6.19. Nordic Soya Oy
  • 12.6.20. Archer-Daniels-Midland Co.
  • 13. Strategic Recommendations
  • 14. Annexure
  • 14.1. FAQ`s
  • 14.2. Notes
  • 14.3. Related Reports
  • 15. Disclaimer

Table 1: Global Soybean Market Snapshot, By Segmentation (2024 & 2030) (in USD Billion)
Table 2: Influencing Factors for Soybean Market, 2024
Table 3: Top 10 Counties Economic Snapshot 2022
Table 4: Economic Snapshot of Other Prominent Countries 2022
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Soybean Market Size and Forecast, By Geography (2019 to 2030F) (In USD Billion)
Table 7: Global Soybean Market Size and Forecast, By Type (2019 to 2030F) (In USD Billion)
Table 8: Global Soybean Market Size and Forecast, By Applications (2019 to 2030F) (In USD Billion)
Table 9: Global Soybean Market Size and Forecast, By Form (2019 to 2030F) (In USD Billion)
Table 10: Global Soybean Market Size and Forecast, By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 11: North America Soybean Market Size and Forecast, By Type (2019 to 2030F) (In USD Billion)
Table 12: North America Soybean Market Size and Forecast, By Applications (2019 to 2030F) (In USD Billion)
Table 13: North America Soybean Market Size and Forecast, By Form (2019 to 2030F) (In USD Billion)
Table 14: North America Soybean Market Size and Forecast, By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 15: United States Soybean Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 16: United States Soybean Market Size and Forecast By Applications (2019 to 2030F) (In USD Billion)
Table 17: United States Soybean Market Size and Forecast By Form (2019 to 2030F) (In USD Billion)
Table 18: United States Soybean Market Size and Forecast By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 19: Canada Soybean Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 20: Canada Soybean Market Size and Forecast By Applications (2019 to 2030F) (In USD Billion)
Table 21: Canada Soybean Market Size and Forecast By Form (2019 to 2030F) (In USD Billion)
Table 22: Canada Soybean Market Size and Forecast By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 23: Mexico Soybean Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 24: Mexico Soybean Market Size and Forecast By Applications (2019 to 2030F) (In USD Billion)
Table 25: Mexico Soybean Market Size and Forecast By Form (2019 to 2030F) (In USD Billion)
Table 26: Mexico Soybean Market Size and Forecast By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 27: Europe Soybean Market Size and Forecast, By Type (2019 to 2030F) (In USD Billion)
Table 28: Europe Soybean Market Size and Forecast, By Applications (2019 to 2030F) (In USD Billion)
Table 29: Europe Soybean Market Size and Forecast, By Form (2019 to 2030F) (In USD Billion)
Table 30: Europe Soybean Market Size and Forecast, By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 31: Germany Soybean Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 32: Germany Soybean Market Size and Forecast By Applications (2019 to 2030F) (In USD Billion)
Table 33: Germany Soybean Market Size and Forecast By Form (2019 to 2030F) (In USD Billion)
Table 34: Germany Soybean Market Size and Forecast By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 35: United Kingdom (UK) Soybean Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 36: United Kingdom (UK) Soybean Market Size and Forecast By Applications (2019 to 2030F) (In USD Billion)
Table 37: United Kingdom (UK) Soybean Market Size and Forecast By Form (2019 to 2030F) (In USD Billion)
Table 38: United Kingdom (UK) Soybean Market Size and Forecast By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 39: France Soybean Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 40: France Soybean Market Size and Forecast By Applications (2019 to 2030F) (In USD Billion)
Table 41: France Soybean Market Size and Forecast By Form (2019 to 2030F) (In USD Billion)
Table 42: France Soybean Market Size and Forecast By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 43: Italy Soybean Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 44: Italy Soybean Market Size and Forecast By Applications (2019 to 2030F) (In USD Billion)
Table 45: Italy Soybean Market Size and Forecast By Form (2019 to 2030F) (In USD Billion)
Table 46: Italy Soybean Market Size and Forecast By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 47: Spain Soybean Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 48: Spain Soybean Market Size and Forecast By Applications (2019 to 2030F) (In USD Billion)
Table 49: Spain Soybean Market Size and Forecast By Form (2019 to 2030F) (In USD Billion)
Table 50: Spain Soybean Market Size and Forecast By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 51: Russia Soybean Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 52: Russia Soybean Market Size and Forecast By Applications (2019 to 2030F) (In USD Billion)
Table 53: Russia Soybean Market Size and Forecast By Form (2019 to 2030F) (In USD Billion)
Table 54: Russia Soybean Market Size and Forecast By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 55: Asia-Pacific Soybean Market Size and Forecast, By Type (2019 to 2030F) (In USD Billion)
Table 56: Asia-Pacific Soybean Market Size and Forecast, By Applications (2019 to 2030F) (In USD Billion)
Table 57: Asia-Pacific Soybean Market Size and Forecast, By Form (2019 to 2030F) (In USD Billion)
Table 58: Asia-Pacific Soybean Market Size and Forecast, By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 59: China Soybean Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 60: China Soybean Market Size and Forecast By Applications (2019 to 2030F) (In USD Billion)
Table 61: China Soybean Market Size and Forecast By Form (2019 to 2030F) (In USD Billion)
Table 62: China Soybean Market Size and Forecast By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 63: Japan Soybean Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 64: Japan Soybean Market Size and Forecast By Applications (2019 to 2030F) (In USD Billion)
Table 65: Japan Soybean Market Size and Forecast By Form (2019 to 2030F) (In USD Billion)
Table 66: Japan Soybean Market Size and Forecast By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 67: India Soybean Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 68: India Soybean Market Size and Forecast By Applications (2019 to 2030F) (In USD Billion)
Table 69: India Soybean Market Size and Forecast By Form (2019 to 2030F) (In USD Billion)
Table 70: India Soybean Market Size and Forecast By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 71: Australia Soybean Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 72: Australia Soybean Market Size and Forecast By Applications (2019 to 2030F) (In USD Billion)
Table 73: Australia Soybean Market Size and Forecast By Form (2019 to 2030F) (In USD Billion)
Table 74: Australia Soybean Market Size and Forecast By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 75: South Korea Soybean Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 76: South Korea Soybean Market Size and Forecast By Applications (2019 to 2030F) (In USD Billion)
Table 77: South Korea Soybean Market Size and Forecast By Form (2019 to 2030F) (In USD Billion)
Table 78: South Korea Soybean Market Size and Forecast By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 79: South America Soybean Market Size and Forecast, By Type (2019 to 2030F) (In USD Billion)
Table 80: South America Soybean Market Size and Forecast, By Applications (2019 to 2030F) (In USD Billion)
Table 81: South America Soybean Market Size and Forecast, By Form (2019 to 2030F) (In USD Billion)
Table 82: South America Soybean Market Size and Forecast, By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 83: Brazil Soybean Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 84: Brazil Soybean Market Size and Forecast By Applications (2019 to 2030F) (In USD Billion)
Table 85: Brazil Soybean Market Size and Forecast By Form (2019 to 2030F) (In USD Billion)
Table 86: Brazil Soybean Market Size and Forecast By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 87: Argentina Soybean Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 88: Argentina Soybean Market Size and Forecast By Applications (2019 to 2030F) (In USD Billion)
Table 89: Argentina Soybean Market Size and Forecast By Form (2019 to 2030F) (In USD Billion)
Table 90: Argentina Soybean Market Size and Forecast By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 91: Colombia Soybean Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 92: Colombia Soybean Market Size and Forecast By Applications (2019 to 2030F) (In USD Billion)
Table 93: Colombia Soybean Market Size and Forecast By Form (2019 to 2030F) (In USD Billion)
Table 94: Colombia Soybean Market Size and Forecast By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 95: Middle East & Africa Soybean Market Size and Forecast, By Type (2019 to 2030F) (In USD Billion)
Table 96: Middle East & Africa Soybean Market Size and Forecast, By Applications (2019 to 2030F) (In USD Billion)
Table 97: Middle East & Africa Soybean Market Size and Forecast, By Form (2019 to 2030F) (In USD Billion)
Table 98: Middle East & Africa Soybean Market Size and Forecast, By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 99: United Arab Emirates (UAE) Soybean Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 100: United Arab Emirates (UAE) Soybean Market Size and Forecast By Applications (2019 to 2030F) (In USD Billion)
Table 101: United Arab Emirates (UAE) Soybean Market Size and Forecast By Form (2019 to 2030F) (In USD Billion)
Table 102: United Arab Emirates (UAE) Soybean Market Size and Forecast By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 103: Saudi Arabia Soybean Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 104: Saudi Arabia Soybean Market Size and Forecast By Applications (2019 to 2030F) (In USD Billion)
Table 105: Saudi Arabia Soybean Market Size and Forecast By Form (2019 to 2030F) (In USD Billion)
Table 106: Saudi Arabia Soybean Market Size and Forecast By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 107: South Africa Soybean Market Size and Forecast By Type (2019 to 2030F) (In USD Billion)
Table 108: South Africa Soybean Market Size and Forecast By Applications (2019 to 2030F) (In USD Billion)
Table 109: South Africa Soybean Market Size and Forecast By Form (2019 to 2030F) (In USD Billion)
Table 110: South Africa Soybean Market Size and Forecast By Distribution Channel (2019 to 2030F) (In USD Billion)
Table 111: Competitive Dashboard of top 5 players, 2024
Table 112: Key Players Market Share Insights and Anaylysis for Soybean Market 2024

Figure 1: Global Soybean Market Size (USD Billion) By Region, 2024 & 2030
Figure 2: Market attractiveness Index, By Region 2030
Figure 3: Market attractiveness Index, By Segment 2030
Figure 4: Global Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 5: Global Soybean Market Share By Region (2024)
Figure 6: North America Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 7: North America Soybean Market Share By Country (2024)
Figure 8: US Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 9: Canada Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 10: Mexico Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 11: Europe Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 12: Europe Soybean Market Share By Country (2024)
Figure 13: Germany Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 14: United Kingdom (UK) Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 15: France Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 16: Italy Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 17: Spain Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 18: Russia Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 19: Asia-Pacific Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 20: Asia-Pacific Soybean Market Share By Country (2024)
Figure 21: China Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 22: Japan Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 23: India Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 24: Australia Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 25: South Korea Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 26: South America Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 27: South America Soybean Market Share By Country (2024)
Figure 28: Brazil Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 29: Argentina Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 30: Colombia Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 31: Middle East & Africa Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 32: Middle East & Africa Soybean Market Share By Country (2024)
Figure 33: United Arab Emirates (UAE) Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 34: Saudi Arabia Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 35: South Africa Soybean Market Size By Value (2019, 2024 & 2030F) (in USD Billion)
Figure 36: Porter's Five Forces of Global Soybean Market

Soybean Market Research FAQs

The soybean market is driven by the rising demand for soybeans in food production, animal feed, and biofuels, fueled by global population growth, increased protein consumption, and the shift towards plant-based diets.

The Asia-Pacific region, especially China, India, and Japan, is the largest consumer of soybeans, largely for food products, animal feed, and biofuels.

Soybeans are primarily used in food products (e.g., tofu, soy milk, plant-based meat), animal feed (soybean meal), and biofuels (soybean oil), as well as in cosmetics and industrial applications.

Key challenges include environmental concerns (deforestation), climate change impacts on yields, trade tensions (e.g., U.S.-China), and competition from other protein-rich crops.

Trends include the shift to plant-based diets, technological advances in farming, growing use of soy in biofuels, and greater emphasis on sustainability and traceability in the supply chain.
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Global Soybean Market Outlook, 2030

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