April 22, 2024

Soybean Market Size to Reach USD 336.28 Billion by 2033

The global soybean market size was estimated to be around US$ 188.67 billion in 2023 and is projected to reach US$ 336.28 billion by 2033, indicating a CAGR of 6% from 2024 to 2033.

Soyabean Market Size 2024 to 2033

Key Points

  • Asia Pacific held the largest share of the market while contributing for 41% market share in 2023.
  • By nature, the genetically modified organisms (GMO) segment dominated the market with 84% market share in 2023.
  • By nature, the non-genetically modified organisms segments is observed to witness the fastest expansion during the forecast period.
  • By end-use, the animal feed segment held the largest share of 73% in 2023.
  • By end-use, the food and beverages segment is observed to witness the fastest expansion during the forecast period.

The market research report on the soybean market provides a comprehensive analysis of various key aspects. It includes the definition, classification, and application of soybean products. The report examines the development trends, competitive landscape, and industrial chain structure within the industry. Furthermore, it presents an overview of the industry, analyzes national policies and planning, and offers insights into the latest market dynamics and opportunities at a global level.

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Soybean Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 6%
Global Market Size in 2023 USD 188.67 Billion
Global Market Size by 2033 USD 336.28 Billion
Largest Market Asia Pacific
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Nature and By End-use
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Read More: Smart Fabrics Market Size to Attain USD 72.26 Billion by 2033

The report presents the volume and value-based market size for the base year 2022 and forecasts the market’s growth between 2023 and 2032. It estimates market numbers based on product form and application, providing size and forecast for each application segment in both global and regional markets.

Focusing on the global soybean market, the report highlights its status, future forecasts, growth opportunities, key market players, and key market regions such as the United States, Europe, and China. The study aims to present the development of the soybean market by considering factors like Year-on-Year (Y-o-Y) growth, in addition to Compound Annual Growth Rate (CAGR). This approach enables a better understanding of market certainty and the identification of lucrative opportunities.

Regarding production, the report investigates the capacity, production, value, ex-factory price, growth rate, and market share of major manufacturers, regions, and product types. On the consumption side, the report focuses on the regional consumption of soybean products across different countries and applications.

Buyers of the report gain access to verified market figures, including global market size in terms of revenue and volume. The report provides reliable estimations and calculations for global revenue and volume by product type from 2023 to 2032. It also includes accurate figures for production capacity and production by region during the same period.

The research includes product parameters, production processes, cost structures, and data classified by region, technology, and application. Furthermore, it conducts SWOT analysis and investment feasibility studies for new projects.

This in-depth research report offers valuable insights into the soybean market. It employs an objective and fair approach to analyze industry trends, supporting customer competition analysis, development planning, and investment decision-making. The project received support and assistance from technicians and marketing personnel across various links in the industry chain.

The competitive landscape section of the report provides detailed information on xx market competitors. It includes company overviews, financials, revenue generation, market potential, research and development investments, new market initiatives, global presence, production sites, production capacities, strengths and weaknesses, product launches, product range, and application dominance. However, the data points provided only focus on the companies’ activities related to the soybean market.

Prominent players in the market are expected to face tough competition from new entrants. Key players are targeting acquisitions of startup companies to maintain their dominance. The report

Reasons to Purchase this Report:

  • Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
  • In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
  • Market size in USD million and volume in million units provided for each segment and sub-segment.
  • Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
  • Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.

Soybean Market Companies

  • Kerry Group plc
  • Fuji Oil Group
  • House Foods Corporation
  • Danone North America
  • DuPont de Nemours, Inc.
  • CHS Inc.
  • Cargill, Inc
  • Scoular
  • Archer-Daniels-Midland Co.
  • Nordic Soya Oy

Segments Covered in the Report

By Nature

  • Genetically Modified Organisms (GMO)
  • Non-genetically Modified Organism (N-GMO)

By End-use

  • Food and Beverages
  • Soybean Food Products
  • Fermented Soya Food
    • Soya Sauce
    • Natto
    • Tempeh
    • Miso
    • Soy Cheese
    • Soy Mayonnaise
    • Soy Yogurt
    • Others
  • Non-fermented
  • Soybean Oils
  • Animal Feed

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Soybean Market 

5.1. COVID-19 Landscape: Soybean Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Soybean Market, By Nature

8.1. Soybean Market Revenue and Volume, by Nature, 2024-2033

8.1.1. Genetically Modified Organisms (GMO)

8.1.1.1. Market Revenue and Volume Forecast (2021-2033)

8.1.2. Non-genetically Modified Organism (N-GMO)

8.1.2.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 9. Global Soybean Market, By End-use

9.1. Soybean Market Revenue and Volume, by End-use, 2024-2033

9.1.1. Food and Beverages

9.1.1.1. Market Revenue and Volume Forecast (2021-2033)

9.1.2. Soybean Food Products

9.1.2.1. Market Revenue and Volume Forecast (2021-2033)

9.1.3. Fermented Soya Food

9.1.3.1. Market Revenue and Volume Forecast (2021-2033)

9.1.4. Non-fermented

9.1.4.1. Market Revenue and Volume Forecast (2021-2033)

9.1.5. Soybean Oils

9.1.5.1. Market Revenue and Volume Forecast (2021-2033)

9.1.6. Animal Feed

9.1.6.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 10. Global Soybean Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Volume Forecast, by Nature (2021-2033)

10.1.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.1.3. U.S.

10.1.3.1. Market Revenue and Volume Forecast, by Nature (2021-2033)

10.1.3.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.1.4. Rest of North America

10.1.4.1. Market Revenue and Volume Forecast, by Nature (2021-2033)

10.1.4.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.2. Europe

10.2.1. Market Revenue and Volume Forecast, by Nature (2021-2033)

10.2.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.2.3. UK

10.2.3.1. Market Revenue and Volume Forecast, by Nature (2021-2033)

10.2.3.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.2.4. Germany

10.2.4.1. Market Revenue and Volume Forecast, by Nature (2021-2033)

10.2.4.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.2.5. France

10.2.5.1. Market Revenue and Volume Forecast, by Nature (2021-2033)

10.2.5.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.2.6. Rest of Europe

10.2.6.1. Market Revenue and Volume Forecast, by Nature (2021-2033)

10.2.6.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.3. APAC

10.3.1. Market Revenue and Volume Forecast, by Nature (2021-2033)

10.3.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.3.3. India

10.3.3.1. Market Revenue and Volume Forecast, by Nature (2021-2033)

10.3.3.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.3.4. China

10.3.4.1. Market Revenue and Volume Forecast, by Nature (2021-2033)

10.3.4.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.3.5. Japan

10.3.5.1. Market Revenue and Volume Forecast, by Nature (2021-2033)

10.3.5.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.3.6. Rest of APAC

10.3.6.1. Market Revenue and Volume Forecast, by Nature (2021-2033)

10.3.6.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.4. MEA

10.4.1. Market Revenue and Volume Forecast, by Nature (2021-2033)

10.4.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.4.3. GCC

10.4.3.1. Market Revenue and Volume Forecast, by Nature (2021-2033)

10.4.3.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.4.4. North Africa

10.4.4.1. Market Revenue and Volume Forecast, by Nature (2021-2033)

10.4.4.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.4.5. South Africa

10.4.5.1. Market Revenue and Volume Forecast, by Nature (2021-2033)

10.4.5.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.4.6. Rest of MEA

10.4.6.1. Market Revenue and Volume Forecast, by Nature (2021-2033)

10.4.6.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.5. Latin America

10.5.1. Market Revenue and Volume Forecast, by Nature (2021-2033)

10.5.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.5.3. Brazil

10.5.3.1. Market Revenue and Volume Forecast, by Nature (2021-2033)

10.5.3.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

10.5.4. Rest of LATAM

10.5.4.1. Market Revenue and Volume Forecast, by Nature (2021-2033)

10.5.4.2. Market Revenue and Volume Forecast, by End-use (2021-2033)

Chapter 11. Company Profiles

11.1. Kerry Group plc

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. Fuji Oil Group

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. House Foods Corporation

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. Danone North America

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. DuPont de Nemours, Inc.

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. CHS Inc.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Cargill, Inc

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Scoular

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Archer-Daniels-Midland Co.

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. Nordic Soya Oy

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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Prathamesh

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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