Press release
Soybean Market 2024: Global Demand, Trends, and Growth Forecast
Soybean Market 2024: Global Demand, Trends, and Growth Forecast
Soybean Market Expansion 2024-2033: Growth Drivers and Dynamics
Global Soybean Market Analysis 2024: Size Forecast and Growth Prospects
Soybean Market 2024-2033: Technological Advancements, Competitive Landscape and Strategies
Global Soybean Market Overview 2024: Size, Growth Rate, and Segments
soybean market share, global soybean market, soybean market growth, soybean market analysis, soybean market forecast trends, soybean market growth
The soybean global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Soybean Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
The soybean market size has grown strongly in recent years. It will grow from $151.85 billion in 2023 to $160.29 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to rising global demand, biofuel production, favorable weather conditions, trade policies, and expanding livestock industry.
The soybean market size is expected to see strong growth in the next few years. It will grow to $199.75 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to population growth, dietary shifts toward plant-based protein, climate change impacts, trade agreements, and market diversification. Major trends in the forecast period include increasing demand for organic soybeans, focus on sustainability, fluctuating commodity prices, changing consumer preferences, and growth in soy-based alternatives.
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/soybean-global-market-report
Scope Of Soybean Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Soybean Market Overview
Market Drivers -
The rising animal feed consumption is expected to propel the growth of the soybean market going forward. Animal feed refers to food given to domestic animals, typically including grains, forages, and supplements, to provide the necessary nutrients for their growth, maintenance, and production. The increasing demand for animal feed is driven by the rising global population and the growing consumption of meat and dairy products. Soybeans are used in animal feed primarily due to their high protein content, essential amino acids, and favorable nutrient profile, making them an efficient source of nutrition for livestock. For instance, in September 2024, according to the Agriculture and Horticulture Development Board, a UK-based statutory levy board, from July to January this season, total production, including integrated poultry units (IPU), reached 7.81 million tonnes, marking a 1.3% increase compared to the same period last year, which saw feed production of 7.71 million tonnes. Therefore, rising animal feed consumption is driving growth in the soybean market.
Market Trends -
Major companies operating in the soybean market are focusing on innovative solutions, such as high-yield soy seed varieties, to enhance crop yield and resilience. High-yield soyseed varieties are genetically enhanced or selectively bred soybeans designed to produce greater quantities of soybeans per acre compared to traditional varieties. For instance, in March 2024, Protealis, a Belgium-based seeds and seed technologies developer for sustainable plant proteins, launched four new soybean varieties in Europe PRO Vesuvio, PRO Helicon, PRO Taranaki, and PRO Jacinto. These varieties are specifically bred to perform well in shorter growing seasons and colder conditions, making them ideal for regions such as Belgium, France, and Germany. This strategic initiative aims to boost local protein production and offer sustainable alternatives for farmers transitioning away from traditional crops. These varieties are designed to deliver both high yield and high protein content, essential for European farmers seeking to adopt more sustainable practices in their crop rotations.
The soybean market covered in this report is segmented -
1) By Type: Conventional, Organic
2) By Form: Processed, Raw
3) By End-Use: Food And Beverages, Soybean Food Products, Fermented Soya Food, Non-Fermented, Soybean Oils, Animal Feed
Get an inside scoop of the soybean market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=19200&type=smp
Regional Insights -
Asia-Pacific was the largest region in the Soybean market in 2023. The regions covered in the soybean market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies -
Major companies operating in the soybean market are Glencore plc, Cargill Incorporated, Archer Daniels Midland, Wilmar International Limited, Bunge Limited, COFCO International, Louis Dreyfus Company, CHS Inc., Corteva Agriscience, Scoular, AG Processing Inc., Fuji Oil Co. Ltd., House Foods Corporation, SLC Agrícola, Olam Group, Clarkson Grain Company, Nordic Soya Oy, Denofa AS, Noble Ecotech, Protealis
Table of Contents
1. Executive Summary
2. Soybean Market Report Structure
3. Soybean Market Trends And Strategies
4. Soybean Market - Macro Economic Scenario
5. Soybean Market Size And Growth
…..
27. Soybean Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Soybean Market 2024: Global Demand, Trends, and Growth Forecast here
News-ID: 3724757 • Views: …
More Releases from The Business research company
Evolving Market Trends In The Integrated Geophysical Services Industry: Enhancin …
The Integrated Geophysical Services Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Integrated Geophysical Services Market Size During the Forecast Period?
The integrated geophysical services market has experienced consistent growth in recent years, expected to rise from $2.35 billion in 2024 to…
Global HR Advisory Services Market: Key Trends, Market Share, Growth Drivers, An …
The HR advisory services market report describes and explains the HR advisory services market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global HR advisory services market reached a value of nearly $155.74 billion in 2024, having grown at a compound annual growth rate (CAGR) of 4.22% since…
High Voltage Aluminium Electrolytic Capacitors Global Market Report 2025: Size, …
The high voltage aluminum electrolytic capacitors report describes and explains the high voltage aluminum electrolytic capacitors market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global high voltage aluminum electrolytic capacitors market reached a value of nearly $4.10301 billion in 2024, having grown at a compound annual growth…
Global Vertical Market Software Market: Key Trends, Market Share, Growth Drivers …
The vertical market software report describes and explains the vertical market software market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global vertical market software market reached a value of nearly $152.61027 billion in 2024, having grown at a compound annual growth rate (CAGR) of 12.11% since 2019.…
More Releases for Soybean
Key Soybean Market Trend for 2025-2034: Innovations In Soybean Seed Varieties Fo …
What Is the Future Outlook for the Soybean Market's Size and Growth Rate?
The market size for soybeans has experienced robust expansion in the past few years. A growth from $160.29 billion in 2024 to $169.68 billion in 2025 at a compounded annual growth rate (CAGR) of 5.9% is predicted. The expansion during the historical timeframe can be linked to an increase in demand globally, biofuel manufacturing, beneficial weather patterns, international…
Soybean Derivatives Market Report 2024 - Soybean Derivatives Market Size, Trends …
"The Business Research Company recently released a comprehensive report on the Global Soybean Derivatives Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company's, The soybean derivatives market size…
Safeguarding Soybean Crops: Evolution of Effective Soybean Herbicides | Bayer, C …
Soybean Herbicide Market 2023 Forecast: Unveiling Opportunities and Growth
Soybean Herbicide market report presents an overview of the market on the basis of key parameters such as market size, revenue, sales analysis and key drivers. The market size of global Soybean Herbicide market is anticipated to grow at large scale over the forecast period (2023-2029). The main purpose of the study report is to give users an extensive viewpoint of the…
Soybean Industry Report Analysis By opportunities
Stratistics MRC's Soybean Market report provides readers with an understanding of market details, overview, drivers and segmentation with types.
The soybean is one of the most important food plants of the world and seems to be growing in importance. It is an annual crop, fairly easy to grow, that produces more protein and oil per unit of land than almost any other crop. It is a versatile food plant that, used…
Soybean Industry Report Analysis By opportunities
Stratistics MRC's Soybean Market report provides readers with an understanding of market details, overview, drivers and segmentation with types.
The soybean is one of the most important food plants of the world and seems to be growing in importance. It is an annual crop, fairly easy to grow, that produces more protein and oil per unit of land than almost any other crop. It is a versatile food plant that, used…
2021 Soybean Industry Global Analysis Report
Stratistics MRC’s 2021 Soybean Market report is The soybean is one of the most important food plants of the world and seems to be growing in importance.
The soybean is one of the most important food plants of the world and seems to be growing in importance. It is an annual crop, fairly easy to grow, that produces more protein and oil per unit of land than almost any other crop.…
