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Report
Global Soybean Market Report and Forecast 2024-2032
Market Report I 2023-11-24 I 201 Pages I EMR Inc.
Global Soybean Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global soybean market is projected to grow at a CAGR of 4.1% between 2024 and 2032. Aided by the nutritional value and versatile applications, the market is expected to grow significantly by 2032.
Soybeans, a type of legume native to East Asia, have become a staple in global diets and industries. Renowned for their high protein content, soybeans are utilised in diverse products ranging from food items like tofu, soy milk, and meat substitutes, to industrial products such as biodiesel and animal feed. The versatility and nutritional benefits of soybeans, including their role in cholesterol management and overall health, underpin their widespread appeal.
The surging consumer interest in plant-based diets is a primary driver of the global soybean market growth. With a growing emphasis on health and sustainability, consumers are increasingly gravitating towards plant-based proteins, elevating the demand for soy-based products. The shift is not only limited to dietary preferences but also reflects an awareness of the environmental benefits associated with reduced meat consumption.
The multifaceted applications of soybeans extend beyond food. In the animal feed industry, soybean meal is a vital component, providing a high-protein diet for livestock. The burgeoning demand for meat and dairy products indirectly fuels the soybean market demand. Additionally, the industrial sector capitalises on soybeans for producing biodiesel, a renewable energy source, thus contributing to the market's robust growth.
Another factor propelling the soybean market is the rise in health consciousness among consumers. Soybeans are acclaimed for their health benefits, including heart health, weight management, and potential cancer prevention properties. This has led to an increased inclusion of soy-based products in health and fitness regimes, further amplifying the market's expansion.
Technological advancements in agriculture and soybean processing have also influenced the soybean market outlook. Improved farming techniques, genetic modifications for better yield and pest resistance, and advancements in processing methods have enhanced the efficiency and output of soybean production. This, in turn, has made soybeans more accessible and affordable, augmenting their global demand.
Market Segmentation
The market can be divided based on nature, application, and region.
Market Breakup by Nature
- Organic
- Conventional
Market Breakup by Application
- Animal Feed
- Human Food
o Oil
o Tofu
o Soy Milk
o Others
- Biodiesel and Lubricants
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global soybean market. Some of the major players explored in the report by Expert Market Research are as follows:
- 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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*We at Expert Market Research always strive to provide you with 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 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Soybean Market Analysis
8.1 Key Industry Highlights
8.2 Global Soybean Historical Market (2018-2023)
8.3 Global Soybean Market Forecast (2024-2032)
8.4 Global Soybean Market by Nature
8.4.1 Organic
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Conventional
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Soybean Market by Application
8.5.1 Animal Feed
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Human Food
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.2.3 Breakup by Food and Beverage Type
8.5.2.3.1 Oil
8.5.2.3.2 Tofu
8.5.2.3.3 Soy Milk
8.5.2.3.4 Others
8.5.3 Biodiesel and Lubricants
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Soybean Market by Region
8.6.1 North America
8.6.1.1 Historical Production (2018-2023)
8.6.1.2 Production Forecast (2024-2032)
8.6.1.3 Historical Consumption (2018-2023)
8.6.1.4 Consumption Forecast (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Production (2018-2023)
8.6.2.2 Production Forecast (2024-2032)
8.6.2.3 Historical Consumption (2018-2023)
8.6.2.4 Consumption Forecast (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Production (2018-2023)
8.6.3.2 Production Forecast (2024-2032)
8.6.3.3 Historical Consumption (2018-2023)
8.6.3.4 Consumption Forecast (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Production (2018-2023)
8.6.4.2 Production Forecast (2024-2032)
8.6.4.3 Historical Consumption (2018-2023)
8.6.4.4 Consumption Forecast (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Production (2018-2023)
8.6.5.2 Production Forecast (2024-2032)
8.6.5.3 Historical Consumption (2018-2023)
8.6.5.4 Consumption Forecast (2024-2032)
9 North America Soybean Market Analysis
9.1 Market by Nature
9.2 Market by Application
9.3 Market by Country
9.3.1 United States of America
9.3.1.1 Historical Trend (2018-2023)
9.3.1.2 Forecast Trend (2024-2032)
9.3.2 Canada
9.3.2.1 Historical Trend (2018-2023)
9.3.2.2 Forecast Trend (2024-2032)
10 Europe Soybean Market Analysis
10.1 Market by Nature
10.2 Market by Application
10.3 Market by Country
10.3.1 United Kingdom
10.3.1.1 Historical Trend (2018-2023)
10.3.1.2 Forecast Trend (2024-2032)
10.3.2 Germany
10.3.2.1 Historical Trend (2018-2023)
10.3.2.2 Forecast Trend (2024-2032)
10.3.3 France
10.3.3.1 Historical Trend (2018-2023)
10.3.3.2 Forecast Trend (2024-2032)
10.3.4 Italy
10.3.4.1 Historical Trend (2018-2023)
10.3.4.2 Forecast Trend (2024-2032)
10.3.5 Others
11 Asia Pacific Soybean Market Analysis
11.1 Market by Nature
11.2 Market by Application
11.3 Market by Country
11.3.1 China
11.3.1.1 Historical Trend (2018-2023)
11.3.1.2 Forecast Trend (2024-2032)
11.3.2 Japan
11.3.2.1 Historical Trend (2018-2023)
11.3.2.2 Forecast Trend (2024-2032)
11.3.3 India
11.3.3.1 Historical Trend (2018-2023)
11.3.3.2 Forecast Trend (2024-2032)
11.3.4 ASEAN
11.3.4.1 Historical Trend (2018-2023)
11.3.4.2 Forecast Trend (2024-2032)
11.3.5 South Korea
11.3.5.1 Historical Trend (2018-2023)
11.3.5.2 Forecast Trend (2024-2032)
11.3.6 Australia
11.3.6.1 Historical Trend (2018-2023)
11.3.6.2 Forecast Trend (2024-2032)
11.3.7 Others
12 Latin America Soybean Market Analysis
12.1 Market by Nature
12.2 Market by Application
12.3 Market by Country
12.3.1 Brazil
12.3.1.1 Historical Trend (2018-2023)
12.3.1.2 Forecast Trend (2024-2032)
12.3.2 Argentina
12.3.2.1 Historical Trend (2018-2023)
12.3.2.2 Forecast Trend (2024-2032)
12.3.3 Mexico
12.3.3.1 Historical Trend (2018-2023)
12.3.3.2 Forecast Trend (2024-2032)
12.3.4 Others
13 Middle East and Africa Soybean Market Analysis
13.1 Market by Nature
13.2 Market by Application
13.3 Market by Country
13.3.1 Saudi Arabia
13.3.1.1 Historical Trend (2018-2023)
13.3.1.2 Forecast Trend (2024-2032)
13.3.2 United Arab Emirates
13.3.2.1 Historical Trend (2018-2023)
13.3.2.2 Forecast Trend (2024-2032)
13.3.3 Nigeria
13.3.3.1 Historical Trend (2018-2023)
13.3.3.2 Forecast Trend (2024-2032)
13.3.4 South Africa
13.3.4.1 Historical Trend (2018-2023)
13.3.4.2 Forecast Trend (2024-2032)
13.3.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code - 1201)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
17.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Bunge Limited
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Cargill, Incorporated
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 COFCO International
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Andre Maggi Participacoes S.A.
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 CHS Inc.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Olam Agri Holdings Pte Ltd
18.2.6.1 Company Overview
18.2.6.2 Product Portfolio
18.2.6.3 Demographic Reach and Achievements
18.2.6.4 Certifications
18.2.7 Glencore plc
18.2.7.1 Company Overview
18.2.7.2 Product Portfolio
18.2.7.3 Demographic Reach and Achievements
18.2.7.4 Certifications
18.2.8 Nordic Soya Oy
18.2.8.1 Company Overview
18.2.8.2 Product Portfolio
18.2.8.3 Demographic Reach and Achievements
18.2.8.4 Certifications
18.2.9 Denofa AS
18.2.9.1 Company Overview
18.2.9.2 Product Portfolio
18.2.9.3 Demographic Reach and Achievements
18.2.9.4 Certifications
18.2.10 Wilmar International
18.2.10.1 Company Overview
18.2.10.2 Product Portfolio
18.2.10.3 Demographic Reach and Achievements
18.2.10.4 Certifications
18.2.11 Others
19 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Soybean Market: Key Industry Highlights, 2018 and 2032
2. Global Soybean Historical Market: Breakup by Nature (USD Million), 2018-2023
3. Global Soybean Market Forecast: Breakup by Nature (USD Million), 2024-2032
4. Global Soybean Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Soybean Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Soybean Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Soybean Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Soybean Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Soybean Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Soybean Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Soybean Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Soybean Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Soybean Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Soybean Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Soybean Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Soybean Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Soybean Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Major Importing Countries by Volume
19. Major Exporting Countries by Volume
20. Major Importing Countries by Value
21. Major Exporting Countries by Value
22. North America Historical Price Trends and Forecast (2018-2028)
23. Europe Historical Price Trends and Forecast (2018-2028)
24. Asia Pacific Historical Price Trends and Forecast (2018-2028)
25. Latin America Historical Price Trends and Forecast (2018-2028)
26. Middle East and Africa Historical Price Trends and Forecast (2018-2028)
27. Global Soybean Market Structure
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