Future of the Soybean Market: Trends, Innovations, and Key Forecasts Through 2034

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Soybean Market Size Growth Forecast: What to Expect by 2025?
The size of the soybean market has seen significant growth in the past few years. It is projected to expand from $160.29 billion in 2024 to $169.68 billion in 2025, reflecting a compound annual growth rate (CAGR) of 5.9%. The historical growth can be credited to an increase in global demand, the production of biofuel, advantageous weather conditions, trade regulations, and the growth of the livestock industry.

How Will the Soybean Market Size Evolve and Grow by 2029?
Predictions for the soybean market indicate robust expansion in the upcoming years, with a projected value of $210.62 billion in 2029, reflecting a compound annual growth rate (CAGR) of 5.6%. The anticipated growth during the forecast period can be credited to factors such as population increase, a dietary shift towards plant-based proteins, the effects of climate change, trade agreements, and diversification of the market. Key trends during this prediction period comprise growing demand for organic soybeans, emphasis on sustainability, oscillating commodity prices, evolving consumer tastes, and the expansion in alternatives based on soy.

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What Drivers Are Propelling the Growth of Soybean Market Forward?
The growth of the soybean market is anticipated to be spurred by the increasing consumption of animal feed. Animal feed, usually comprised of grains, forages and supplements, is fed to domestic animals to ensure their growth, maintenance and production are sufficiently sustained. The escalating demand for animal feed is influenced by the global population rise and the surge in meat and dairy product consumption. Soybeans, with their high protein content, vital amino acids, and beneficial nutrient profile, are often employed in animal feed - making them a resourceful nutrition source for livestock. For example, the Agriculture and Horticulture Development Board, a statutory levy board located in the UK, reported in September 2024 that from July to January this season, the total production, including integrated poultry units (IPU), was 7.81 million tonnes. This reflects a 1.3% increase from the same timeframe last year, which recorded a feed production of 7.71 million tonnes. Thus, the escalation in animal feed consumption is a key catalyst for the progress in the soybean market.

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Which Emerging Trends Are Transforming the Soybean Market in 2025?
Leading entities in the soybean market are turning their attention towards novel approaches like the development of high-yield soybean seed variants to improve crop resilience and yield. These high-yielding soybean seeds are either selectively bred or genetically modified to produce larger amounts of soybeans per acre when compared to conventional strains. In March 2024, Protealis, an establishment based in Belgium and known for its development of seeds and seed technologies for environmentally friendly plant proteins, introduced four new soybean strains in Europe: PRO Vesuvio, PRO Helicon, PRO Taranaki, and PRO Jacinto. These strains are specifically designed to adapt well in colder climates and shorter growing periods, making them perfect for places like Belgium, France, and Germany. This tactical move is meant to augment local protein production and provide sustainable alternatives for farmers looking to shift from traditional crops. These strains are created to produce both high yield and high protein content, a critical requirement for European farmers looking to implement more environmentally friendly practices in their crop cycles.

What Are the Key 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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Who Are the Key Players Shaping the Soybean Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in 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.

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