Non-GMO Soybean Market Projected To Reach 99.80 Million Metric Tons By 2022: Top Player Includes Laura Soybeans, Grain Millers, Inc., Sojaprotein, World Food Processing, LLC, &B, Zeeland Farm Services, Inc. And Sans Inc.

Global Non-GMO Soybean Market Overview

Soybeans serve a variety of functions in the global food chain, ranging from use as edible oil to a source of protein for humans to use in livestock feed. Globally, approximately 87 per cent of all soybean production is crushed into soy meal and soy oil, with the remaining 13 per cent used for direct human consumption. From the soybean crushing process, roughly 80 per cent is extracted as soy meal for use in animal feed and 20 per cent is extracted as oil for human consumption and as a biofuel feedstock.

Non-GMO Soybean is now attracting a lot of attention owing to growing consumer dissent against GM Soybean. The rising consumer awareness regarding labeling regulations and the quality of products is expected to drive market demand over the forecast period. The premiums for non-GMO soybean have also seen exponential growth rates owing to which the market is expected to grow at a rapid pace.

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Factors Influencing the Non-GMO Soybean Market

There are various factors that are driving the growth of the market, which includes factors such as favorable regulations and consumer sentiment regarding non-GMO Soybean and the involvement of small-scale suppliers. Factors that are acting as an opportunity for the market include mandatory GMO labeling.

Favorable Regulations and consumer sentiment regarding non-GMO Soybean

Regulations play an important role in driving market demand for non-GMO soybean. The introduction of GMO Soybean brought about a revolution in the market owing to which regulatory agencies brought about regulations to ensure that these products cause no harm to human health. Although the adoption of GMO Soybean is increasing the growing consumer dissent regarding the side effects of GMO crops is expected to have a positive impact on market demand for non-GMO soybean.

Involvement of small scale suppliers

Soybean cultivation is increasing gradually and the high margins offered by the soybean products have attracted a large number of industry participants. Farmers who were previously focused on soybean cultivation are now turning towards soybean processing to manufacture products such as soybean meal, soybean oil, and livestock feed.

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Global Non-GMO Soybean Market Geographical Analysis

According to Verified Market Research, The Global Non-GMO Soybean Market was valued at 73.07 Million Metric Tons in 2018 and is projected to reach 99.80 Million Metric Tons by 2022, growing at a CAGR of 8.10% from 2019 to 2022. The North American Market is expected to participate heavily in Non-GMO Soybean due to a large amount of consumption of soy products in the region. As strong trends towards growth in livestock rearings such as cattle, poultry, and swine for consumption forming part of the protein-rich diet are growing, animal feed additives are influencing soybean demand in the Asia Pacific.

Global Non-GMO Soybean Market Segment Analysis

The Global Non-GMO Soybean Market can be segmented into product and application. The product segment is further broken down into crushed and whole beans. Soybeans are grown around the world under many different climatic conditions and have been grown for many centuries, there is a wide range of soybean varieties. More than 85 percent of the world’s soybeans are processed, or “crushed,” annually into soybean meal and oil. Whole soybeans appear as raw, dry, roasted nuts, and canned beans in today’s market. The large variety of soybeans permits soyfoods manufacturers to select the bean with the most appropriate color, flavor, texture, size, and nutrient content for their products.

The application sector involves Soybean oil, Soybean meal, Food for human consumption and others. Soybean oil is the second most important vegetable oil (after palm oil); it accounts for 25 % of global vegetable/animal oils and fats consumption. The widespread use of soybean oil in particular as edible oil is due to its plentiful and dependable supplies, its competitive price, and its neutral flavor and stability in both unhydrogenated and partially hydrogenated form is driving the demand for soybean oil. Soya meal is widely consumed and has penetrated markets in most regions – thanks to the progressive expansion of intensive livestock production methods (which are based on the use of high protein compound feed) not only in developed countries but also in parts of the developing world. In terms of food for human consumption, most soybeans are processed for their oil and protein for the animal feed industry. A smaller percentage is processed for human consumption and made into products including soy milk, soy flour, soy protein, tofu, and many retail food products.

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Some of the major players involved in the Global Non-GMO Soybean Market are Laura Soybeans, Grain Millers, Inc., Sojaprotein, World Food Processing, LLC, &B, Zeeland Farm Services, Inc. and Sans Inc. These companies will be profiled on the basis of their financials, their geographic and business segment breakdown, as well as product benchmarking. The competitive landscape section includes key development strategies and market ranking analysis of the above-mentioned players globally.

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