Soybean Market: By Product Type, By Application and Geography

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Soybean Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Whole Soybean, Meal, Oil, Others), By Application (Animal Feed, Aqua Feed, Food and beverages, Personal care, Dietary Supplements, Pharmaceuticals, Others) and Region

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Soybean Market size is valued at US$ 145.9 million in 2023 and is poised to grow at a significant CAGR of 3.5% from 2024-2030. The global market provides a detailed overview of the market and can be segmented By End User, Application, and Region. By product type, the market has been segmented into Whole Soybean, Meal, Oil, and Others. The grid-connected segment is likely to be the largest and fastest-growing segment in terms of product type. Based on application, the market is segmented into Animal Feed, Aqua Feed, Food and beverages, Personal care, Dietary Supplements, Pharmaceuticals, and Others. Among these, the animal feed segment is expected to dominate the market according to Precision Business Insights

Key Development

  • In February 2022, Bayer announced a distribution agreement with M.S. Technologies LLC for soybeans containing the 'Enlist E3 trait'. Under this agreement, Bayer will distribute soybean seeds with Enlist E3 technology in the 2023 crop season

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Soybean Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

3.5%

Largest Market

North American

Fastest Growing Market

Asia-Pacific

Soybean Market Dynamics

Increase in animal farming in developed and developing countries coupled surge in adoption of animal feed by livestock farmers is a key factor burgeon the growth of market over the forecast years. Moreover, rise in demand from end user industries for soybean products is expected propel the growth of market.

Soybean Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 145.9 million

Market CAGR

3.5%

By Product Type

  • Whole Soybean
  • Meal
  • Oil
  • Others

By Application

  • Animal Feed
  • Aqua Feed
  • Food and beverages
  • Personal care
  • Dietary Supplements
  • Pharmaceuticals
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Key Features of the Report

  • The soybean market report provides granular level information about the market size, regional market share, historic market (2019-2023) and forecast (2024-2030)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

The global soybean market size was valued at US$ 145.9 million in 2023 and is projected to grow at a significant CAGR of 3.5% from 2024-2030.

The soybean market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

The soybean market key players are Archer-Daniels Midland Co, Bayer AG, Cargill Inc, CHS Inc, I. du Pont de Nemours & Co, Fuji Oil Group, House Foods Group Inc, Kerry Inc, The Scoular Company, The WhiteWave Foods Company

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Author

Sravani

Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....

1.Executive Summary
2.Global Soybean Market Introduction 
2.1.Global Soybean Market  - Taxonomy
2.2.Global Soybean Market  - Definitions
2.2.1.Product Type
2.2.2.Application
2.2.3.Region
3.Global Soybean Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Soybean Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Soybean Market  By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Whole Soybean
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Meal
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Oil
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Others
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
6.Global Soybean Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Animal Feed
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Aqua Feed
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Food and beverages
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
6.4. Personal care
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.4.3. Market Opportunity Analysis 
6.5. Dietary Supplements
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.5.3. Market Opportunity Analysis 
6.6. Pharmaceuticals
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.6.3. Market Opportunity Analysis 
6.7. Others
6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.7.3. Market Opportunity Analysis 
7.Global Soybean Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. North America
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Europe
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Asia Pacific (APAC)
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Middle East and Africa (MEA)
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Latin America
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
8.North America Soybean Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.1.1.Whole Soybean
8.1.2.Meal
8.1.3.Oil
8.1.4.Others
8.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.2.1.Animal Feed
8.2.2.Aqua Feed
8.2.3.Food and beverages
8.2.4.Personal care
8.2.5.Dietary Supplements
8.2.6.Pharmaceuticals
8.2.7.Others
8.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
8.3.1.United States of America (USA)
8.3.2.Canada
9.Europe Soybean Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Whole Soybean
9.1.2.Meal
9.1.3.Oil
9.1.4.Others
9.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Animal Feed
9.2.2.Aqua Feed
9.2.3.Food and beverages
9.2.4.Personal care
9.2.5.Dietary Supplements
9.2.6.Pharmaceuticals
9.2.7.Others
9.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Germany
9.3.2.France
9.3.3.Italy
9.3.4.United Kingdom (UK)
9.3.5.Spain
9.3.6.Rest of EU
10.Asia Pacific (APAC) Soybean Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Whole Soybean
10.1.2.Meal
10.1.3.Oil
10.1.4.Others
10.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Animal Feed
10.2.2.Aqua Feed
10.2.3.Food and beverages
10.2.4.Personal care
10.2.5.Dietary Supplements
10.2.6.Pharmaceuticals
10.2.7.Others
10.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.China
10.3.2.India
10.3.3.Australia and New Zealand (ANZ)
10.3.4.Japan
10.3.5.Rest of APAC
11.Middle East and Africa (MEA) Soybean Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Whole Soybean
11.1.2.Meal
11.1.3.Oil
11.1.4.Others
11.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Animal Feed
11.2.2.Aqua Feed
11.2.3.Food and beverages
11.2.4.Personal care
11.2.5.Dietary Supplements
11.2.6.Pharmaceuticals
11.2.7.Others
11.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.GCC Countries
11.3.2.South Africa
11.3.3.Rest of MEA
12.Latin America Soybean Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Product Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Whole Soybean
12.1.2.Meal
12.1.3.Oil
12.1.4.Others
12.2.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Animal Feed
12.2.2.Aqua Feed
12.2.3.Food and beverages
12.2.4.Personal care
12.2.5.Dietary Supplements
12.2.6.Pharmaceuticals
12.2.7.Others
12.3.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Brazil
12.3.2.Mexico
12.3.3.Rest of LA
13. Competition Landscape
13.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
13.2.1.Archer-Daniels Midland Co
13.2.2.Bayer AG
13.2.3.Cargill Inc
13.2.4.CHS Inc
13.2.5.I. du Pont de Nemours & Co
13.2.6.Fuji Oil Group
13.2.7.House Foods Group Inc
13.2.8.Kerry Inc
13.2.9.The Scoular Company
13.2.10.The WhiteWave Foods Company
14. Research Methodology 
15. Appendix and Abbreviations 

Key Market Players

  • Archer-Daniels Midland Co
  • Bayer AG
  • Cargill Inc
  • CHS Inc
  • I. du Pont de Nemours & Co
  • Fuji Oil Group
  • House Foods Group Inc
  • Kerry Inc
  • The Scoular Company
  • The WhiteWave Foods Company

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