Press release
Key Soybean Market Trend for 2025-2034: Innovations In Soybean Seed Varieties For Sustainable Agriculture
Soybean Market
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 trade strategies, as well as the development of the livestock sector.
In the coming years, the soybean market is projected to experience robust expansion, with a projected value of $210.62 billion in 2029, and a compound annual growth rate (CAGR) of 5.6%. The anticipated advancement over the forecast span is due to factors such as population surge, a pivot towards plant-based proteins in diets, effects of climate change, trade deals, and diversification of the market. Some crucial trends within the forecast period encompass soaring demand for organic soybeans, emphasis on sustainability, volatility in commodity prices, evolving customer tastes, and an upswing in soy-derived alternatives.
What Is Stimulating Growth in the Soybean Market?
The surge in animal feed intake is predicted to spark expansion in the soybean market. Animal feed encompasses the food administered to domesticated animals, generally comprised of grains, fodder, and supplements, essential for their growth, sustenance, and productivity. The heightened demand for animal feed arises from the expanding global populace and escalating consumption of meat and dairy items. Soybeans are prominently incorporated in animal feed due to their high protein concentration, vital amino acids, and a robust nutrient composition, rendering them a valuable nutritional source for livestock. For example, the Agriculture and Horticulture Development Board, a statutory levy board based in the UK, reported in September 2024 that total production from July to January of that season, inclusive of integrated poultry units (IPU), hit 7.81 million tonnes. This was a 1.3% escalation compared to the corresponding time frame the previous year, which recorded a feed production of 7.71 million tonnes. Consequently, the surge in animal feed intake is spurring growth in the soybean market.
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Which Key Market Leaders Are Driving Soybean Industry Growth?
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
What Are the Emerging Trends in the Soybean Industry?
Top-tier businesses within the soybean market are concentrating on breakthrough solutions including high-yield soy seed versions to augment crop resilience and yield. These high-yield soy seed varieties are essentially genetically modified or selectively cultivated soybeans that are engineered to produce an elevated quantity of soybeans per acre in comparison to conventional varieties. For example, in March 2024, a Belgium-established seeds and seed technology developer for sustainable plant proteins named Protealis, introduced four new soybean assortments in Europe: PRO Vesuvio, PRO Helicon, PRO Taranaki, and PRO Jacinto. These specific variants are engineered to thrive in chillier climates and truncated growing spans, making them suitable for regions like Germany, France, and Belgium. This strategic gesture is designed to enhance local protein manufacture and present farmers with sustainable alternatives as they transition from conventional crops. These variations are engineered to yield both elevated protein content and yield, a crucial element for European farmers exploring more sustainable practices in their crop rotations.
What Are the Main Segments in the Soybean Market?
The soybeanmarket 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
Subsegments:
1) By Conventional: Non-GMO Soybeans, GMO Soybeans
2) By Organic: Organic Non-GMO Soybeans, Organic GMO Soybeans
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Which Geographic Area Leads the Soybean Market?
Asia-Pacific was the largest region in the Soybean market in 2024. The regions covered in the soybean market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Soybean Global Market Report?
- Market Size Analysis: Analyze the Soybean Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Soybean Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Soybean Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Soybean Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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