Soybean Market - Growth, Trends, and Forecast (2019 - 2024)

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

Market Snapshot

Market Snapshot
Study Period:

2015-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Europe

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Market Overview

  • The global soybean consumption expanded at a CAGR of 3.52%, and it is expected to grow further during 2019-2024.
  • 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
US
Production Analysis
Consumption Analysis, Market Value and Price Trend
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Canada
Production Analysis
Consumption Analysis, Market Value and Price Trend
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Rest of North America
Production Analysis
Consumption Analysis, Market Value and Price Trend
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Europe
Russia
Production Analysis
Consumption Analysis, Market Value and Price Trend
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Italy
Production Analysis
Consumption Analysis, Market Value and Price Trend
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Ukraine
Production Analysis
Consumption Analysis, Market Value and Price Trend
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Rest of Europe
Production Analysis
Consumption Analysis, Market Value and Price Trend
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Asia Pacific
China
Production Analysis
Consumption Analysis, Market Value and Price Trend
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
India
Production Analysis
Consumption Analysis, Market Value and Price Trend
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Japan
Production Analysis
Consumption Analysis, Market Value and Price Trend
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Australia
Production Analysis
Consumption Analysis, Market Value and Price Trend
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Rest of Asia-Pacific
Production Analysis
Consumption Analysis, Market Value and Price Trend
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
South America
Brazil
Production Analysis
Consumption Analysis, Market Value and Price Trend
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Argentina
Production Analysis
Consumption Analysis, Market Value and Price Trend
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Rest of South America
Production Analysis
Consumption Analysis, Market Value and Price Trend
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Middle East and Africa
South Africa
Production Analysis
Consumption Analysis, Market Value and Price Trend
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Egypt
Production Analysis
Consumption Analysis, Market Value and Price Trend
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)
Rest of Middle East and Africa
Production Analysis
Consumption Analysis, Market Value and Price Trend
Import Market Analysis (Volume and Value)
Export Market Analysis (Volume and Value)

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Key Market Trends

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 ton from 120.8 million metric ton 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.

Key market trend

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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.

Key market trend

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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

    6. 4.6 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Geography

      1. 5.1.1 North America

        1. 5.1.1.1 US

          1. 5.1.1.1.1 Production Analysis

          2. 5.1.1.1.2 Consumption Analysis, Market Value and Price Trend

          3. 5.1.1.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.1.1.4 Export Market Analysis (Volume and Value)

        2. 5.1.1.2 Canada

          1. 5.1.1.2.1 Production Analysis

          2. 5.1.1.2.2 Consumption Analysis, Market Value and Price Trend

          3. 5.1.1.2.3 Import Market Analysis (Volume and Value)

          4. 5.1.1.2.4 Export Market Analysis (Volume and Value)

        3. 5.1.1.3 Rest of North America

          1. 5.1.1.3.1 Production Analysis

          2. 5.1.1.3.2 Consumption Analysis, Market Value and Price Trend

          3. 5.1.1.3.3 Import Market Analysis (Volume and Value)

          4. 5.1.1.3.4 Export Market Analysis (Volume and Value)

      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, Market Value and Price Trend

          3. 5.1.2.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.2.1.4 Export Market Analysis (Volume and Value)

        2. 5.1.2.2 Italy

          1. 5.1.2.2.1 Production Analysis

          2. 5.1.2.2.2 Consumption Analysis, Market Value and Price Trend

          3. 5.1.2.2.3 Import Market Analysis (Volume and Value)

          4. 5.1.2.2.4 Export Market Analysis (Volume and Value)

        3. 5.1.2.3 Ukraine

          1. 5.1.2.3.1 Production Analysis

          2. 5.1.2.3.2 Consumption Analysis, Market Value and Price Trend

          3. 5.1.2.3.3 Import Market Analysis (Volume and Value)

          4. 5.1.2.3.4 Export Market Analysis (Volume and Value)

        4. 5.1.2.4 Rest of Europe

          1. 5.1.2.4.1 Production Analysis

          2. 5.1.2.4.2 Consumption Analysis, Market Value and Price Trend

          3. 5.1.2.4.3 Import Market Analysis (Volume and Value)

          4. 5.1.2.4.4 Export Market Analysis (Volume and Value)

      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, Market Value and Price Trend

          3. 5.1.3.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.3.1.4 Export Market Analysis (Volume and Value)

        2. 5.1.3.2 India

          1. 5.1.3.2.1 Production Analysis

          2. 5.1.3.2.2 Consumption Analysis, Market Value and Price Trend

          3. 5.1.3.2.3 Import Market Analysis (Volume and Value)

          4. 5.1.3.2.4 Export Market Analysis (Volume and Value)

        3. 5.1.3.3 Japan

          1. 5.1.3.3.1 Production Analysis

          2. 5.1.3.3.2 Consumption Analysis, Market Value and Price Trend

          3. 5.1.3.3.3 Import Market Analysis (Volume and Value)

          4. 5.1.3.3.4 Export Market Analysis (Volume and Value)

        4. 5.1.3.4 Australia

          1. 5.1.3.4.1 Production Analysis

          2. 5.1.3.4.2 Consumption Analysis, Market Value and Price Trend

          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. 5.1.3.5 Rest of Asia-Pacific

          1. 5.1.3.5.1 Production Analysis

          2. 5.1.3.5.2 Consumption Analysis, Market Value and Price Trend

          3. 5.1.3.5.3 Import Market Analysis (Volume and Value)

          4. 5.1.3.5.4 Export Market Analysis (Volume and Value)

      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, Market Value and Price Trend

          3. 5.1.4.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.4.1.4 Export Market Analysis (Volume and Value)

        2. 5.1.4.2 Argentina

          1. 5.1.4.2.1 Production Analysis

          2. 5.1.4.2.2 Consumption Analysis, Market Value and Price Trend

          3. 5.1.4.2.3 Import Market Analysis (Volume and Value)

          4. 5.1.4.2.4 Export Market Analysis (Volume and Value)

        3. 5.1.4.3 Rest of South America

          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. 5.1.5 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, Market Value and Price Trend

          3. 5.1.5.1.3 Import Market Analysis (Volume and Value)

          4. 5.1.5.1.4 Export Market Analysis (Volume and Value)

        2. 5.1.5.2 Egypt

          1. 5.1.5.2.1 Production Analysis

          2. 5.1.5.2.2 Consumption Analysis, Market Value and Price Trend

          3. 5.1.5.2.3 Import Market Analysis (Volume and Value)

          4. 5.1.5.2.4 Export Market Analysis (Volume and Value)

        3. 5.1.5.3 Rest of Middle East and Africa

          1. 5.1.5.3.1 Production Analysis

          2. 5.1.5.3.2 Consumption Analysis, Market Value and Price Trend

          3. 5.1.5.3.3 Import Market Analysis (Volume and Value)

          4. 5.1.5.3.4 Export Market Analysis (Volume and Value)

    2. 5.2 PROCUREMENT PREFERENCE MATRIX

  6. 6. MARKET OPPORTUNITIES AND FUTURE TRENDS

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