Soybean Market - Growth, Trends, and Forecast (2020 - 2025)

The Global Soybean Market is Segmented by Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Market Snapshot

Study Period:

2015-2024

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

Europe

CAGR:

3.5 %

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Market Overview

The global soybean consumption expanded at a CAGR of 3.5%, and it is expected to grow further during the forecast period.

  • The United States, Brazil, Argentina, Canada, Paraguay, and Uruguay are the largest producers and exporters of soybean in the world, accounting for more than 85% of the global production.
  • For many years, the United States was the world’s major producer and exporter of soybean. However, in recent years, soybean production has increased dramatically in Brazil and Argentina.

 

Scope of the Report

Soybean is a leguminous vegetable crop grown in tropical and subtropical climates. It is one of the most valuable crops in the world, not only as an oilseed crop and feed for livestock and aquaculture but also as a good source of protein in the human diet and as a biofuel. Soybean contains 20% oil, 36% proteins, 30% carbohydrates, and significant quantities of dietary fiber, minerals, and vitamins. 

Geography
North America
United States
Production Analysis
Consumption Analysis
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Canada
Production Analysis
Consumption Analysis
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Mexico
Production Analysis
Consumption Analysis
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Europe
Russia
Production Analysis
Consumption Analysis
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Italy
Production Analysis
Consumption Analysis
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Ukraine
Production Analysis
Consumption Analysis
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Spain
Production Analysis
Consumption Analysis
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Asia Pacific
China
Production Analysis
Consumption Analysis
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
India
Production Analysis
Consumption Analysis
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Japan
Production Analysis
Consumption Analysis
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Australia
Production Analysis
Consumption Analysis
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
South America
Brazil
Production Analysis
Consumption Analysis
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Argentina
Production Analysis
Consumption Analysis
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Paraguay
Production Analysis
Consumption Analysis Market Value and Price Trend
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Middle East and Africa
South Africa
Production Analysis
Consumption Analysis
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Egypt
Production Analysis
Consumption Analysis
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis
Saudi Arabia
Production Analysis
Consumption Analysis
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Price Trend Analysis

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Key Market Trends

The United States Dominates the Global Soybean Production

The United States holds a share of 34.3% in global soybean production, following Brazil and Argentina. Soybean dominates the oilseeds industry in the United States, accounting for more than 80% of the country's production. The major soybean growing areas in the United States are Illinois, Iowa, Indiana, Minnesota, and Nebraska. Soybean is extensively used for food and feed industry, but in the United States, there has been increased demand for biofuel also where soybean oil is used as feedstock. Overall, the increase in demand for high-quality protein and nutritional properties may encourage high soybean production over the forecast period.

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Brazil Dominates the Global Export Market

Brazil is the largest exporter of soybeans (51% of total exports), followed by the United States, Argentina, Paraguay, and Canada. Fall in soybean production in Brazil during 2018—2019 was estimated at 116 million metric tons from 120.8 million metric tons during 2017-2018, and thus, this may result in lower exports of soybean. Expansion of area under soybean cultivation under drought in Brazil may further limit soybean production in the country and thereby exports.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

    4. 4.4 Market Restraints

    5. 4.5 Value Chain/Supply Chain Analysis

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography

      1. 5.1.1 North America

        1. 5.1.1.1 United States

          1. 5.1.1.1.1 Production Analysis

          2. 5.1.1.1.2 Consumption Analysis

          3. 5.1.1.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.1.1.4 Export Market Analysis (Volume and Value)

          5. 5.1.1.1.5 Price Trend Analysis

        2. 5.1.1.2 Canada

          1. 5.1.1.2.1 Production Analysis

          2. 5.1.1.2.2 Consumption Analysis

          3. 5.1.1.2.3 Import Market Analysis (Volume and Value)

          4. 5.1.1.2.4 Export Market Analysis (Volume and Value)

          5. 5.1.1.2.5 Price Trend Analysis

        3. 5.1.1.3 Mexico

          1. 5.1.1.3.1 Production Analysis

          2. 5.1.1.3.2 Consumption Analysis

          3. 5.1.1.3.3 Import Market Analysis (Volume and Value)

          4. 5.1.1.3.4 Export Market Analysis (Volume and Value)

          5. 5.1.1.3.5 Price Trend Analysis

      2. 5.1.2 Europe

        1. 5.1.2.1 Russia

          1. 5.1.2.1.1 Production Analysis

          2. 5.1.2.1.2 Consumption Analysis

          3. 5.1.2.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.2.1.4 Export Market Analysis (Volume and Value)

          5. 5.1.2.1.5 Price Trend Analysis

        2. 5.1.2.2 Italy

          1. 5.1.2.2.1 Production Analysis

          2. 5.1.2.2.2 Consumption Analysis

          3. 5.1.2.2.3 Import Market Analysis (Volume and Value)

          4. 5.1.2.2.4 Export Market Analysis (Volume and Value)

          5. 5.1.2.2.5 Price Trend Analysis

        3. 5.1.2.3 Ukraine

          1. 5.1.2.3.1 Production Analysis

          2. 5.1.2.3.2 Consumption Analysis

          3. 5.1.2.3.3 Import Market Analysis (Volume and Value)

          4. 5.1.2.3.4 Export Market Analysis (Volume and Value)

          5. 5.1.2.3.5 Price Trend Analysis

        4. 5.1.2.4 Spain

          1. 5.1.2.4.1 Production Analysis

          2. 5.1.2.4.2 Consumption Analysis

          3. 5.1.2.4.3 Import Market Analysis (Volume and Value)

          4. 5.1.2.4.4 Export Market Analysis (Volume and Value)

          5. 5.1.2.4.5 Price Trend Analysis

      3. 5.1.3 Asia Pacific

        1. 5.1.3.1 China

          1. 5.1.3.1.1 Production Analysis

          2. 5.1.3.1.2 Consumption Analysis

          3. 5.1.3.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.3.1.4 Export Market Analysis (Volume and Value)

          5. 5.1.3.1.5 Price Trend Analysis

        2. 5.1.3.2 India

          1. 5.1.3.2.1 Production Analysis

          2. 5.1.3.2.2 Consumption Analysis

          3. 5.1.3.2.3 Import Market Analysis (Volume and Value)

          4. 5.1.3.2.4 Export Market Analysis (Volume and Value)

          5. 5.1.3.2.5 Price Trend Analysis

        3. 5.1.3.3 Japan

          1. 5.1.3.3.1 Production Analysis

          2. 5.1.3.3.2 Consumption Analysis

          3. 5.1.3.3.3 Import Market Analysis (Volume and Value)

          4. 5.1.3.3.4 Export Market Analysis (Volume and Value)

          5. 5.1.3.3.5 Price Trend Analysis

        4. 5.1.3.4 Australia

          1. 5.1.3.4.1 Production Analysis

          2. 5.1.3.4.2 Consumption Analysis

          3. 5.1.3.4.3 Import Market Analysis (Volume and Value)

          4. 5.1.3.4.4 Export Market Analysis (Volume and Value)

          5. 5.1.3.4.5 Price Trend Analysis

      4. 5.1.4 South America

        1. 5.1.4.1 Brazil

          1. 5.1.4.1.1 Production Analysis

          2. 5.1.4.1.2 Consumption Analysis

          3. 5.1.4.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.4.1.4 Export Market Analysis (Volume and Value)

          5. 5.1.4.1.5 Price Trend Analysis

        2. 5.1.4.2 Argentina

          1. 5.1.4.2.1 Production Analysis

          2. 5.1.4.2.2 Consumption Analysis

          3. 5.1.4.2.3 Import Market Analysis (Volume and Value)

          4. 5.1.4.2.4 Export Market Analysis (Volume and Value)

          5. 5.1.4.2.5 Price Trend Analysis

        3. 5.1.4.3 Paraguay

          1. 5.1.4.3.1 Production Analysis

          2. 5.1.4.3.2 Consumption Analysis Market Value and Price Trend

          3. 5.1.4.3.3 Import Market Analysis (Volume and Value)

          4. 5.1.4.3.4 Export Market Analysis (Volume and Value)

          5. 5.1.4.3.5 Price Trend Analysis

      5. 5.1.5 Middle East and Africa

        1. 5.1.5.1 South Africa

          1. 5.1.5.1.1 Production Analysis

          2. 5.1.5.1.2 Consumption Analysis

          3. 5.1.5.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.5.1.4 Export Market Analysis (Volume and Value)

          5. 5.1.5.1.5 Price Trend Analysis

        2. 5.1.5.2 Egypt

          1. 5.1.5.2.1 Production Analysis

          2. 5.1.5.2.2 Consumption Analysis

          3. 5.1.5.2.3 Import Market Analysis (Volume and Value)

          4. 5.1.5.2.4 Export Market Analysis (Volume and Value)

          5. 5.1.5.2.5 Price Trend Analysis

        3. 5.1.5.3 Saudi Arabia

          1. 5.1.5.3.1 Production Analysis

          2. 5.1.5.3.2 Consumption Analysis

          3. 5.1.5.3.3 Import Market Analysis (Volume and Value)

          4. 5.1.5.3.4 Export Market Analysis (Volume and Value)

          5. 5.1.5.3.5 Price Trend Analysis

    2. 5.2 PROCUREMENT PREFERENCE MATRIX

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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