The global soybean market is majorly being operated and controlled by the crushing industry, where soy meal, soy oil, and other soy products are extracted. The increase in demand for high-quality protein & nutritional properties encourages high soybean production. Some of the factors driving the Soybean market are the rising market for adhesives, insecticides, candles, printing inks, waxes, plastic etc. The rise of the middle-class population and the expansion of urbanization are also boosting the rise of the soybean market. For the year 2020, Worldwide Soybean Market was US$ 127.81 Billion.
In the United States, places like Minnesota, Iowa, Indiana, Illinois and Nebraska are the major producer of soybean globally. Americans extensively use soybean for biofuel and feedstock as compared to the food and feed industry. According to the research findings, Global Soybean Industry is expected to grow with a CAGR of 3.48%.
As per consumption, China is the biggest consumer. Soybean is widely used as vegetable oil and has great industrial applications (soy milk, soy flour, soy protein etc.). The spread of COVID-19 and continuous lockdown had a very nominal effect on soy industries. Still, as restaurants were not operating during pandemic, soy oil, one of the main soybean products had faced a significant drop in production and consumption.
This new report titled “Global Soybean Market & Volume" By Consumption (China, United States, Brazil, Argentina, European Union, India, Mexico, Others), Production (Brazil, United State, Argentina, China, Paraguay, India, Canada, Other), Import (China, European Union, Mexico, Egypt, Argentina, Thailand, Japan, Others), Export (Brazil, United States, Argentina, Paraguay, Canada, Other), Company Analysis (House Foods Group Inc, CHS Inc, Kerry Inc, Fuji Oil Group, Cargill Inc, Archer-Daniels-Midland Co.) provides a complete analysis of Worldwide Soybean Industry.
Consuming Country - Soybean Market & Volume breakup of 8 Countries
1. China
2. United States
3. Brazil
4. Argentina
5. European Union
6. India
7. Mexico
8. Others
Producing Country - Soybean Volume breakup of 8 Countries
1. Brazil
2. United State
3. Argentina
4. China
5. Paraguay
6. India
7. Canada
8. Other
Importing Country - Soybean Volume breakup of 8 Countries
1. China
2. European Union
3. Mexico
4. Egypt
5. Argentina
6. Thailand
7. Japan
8. Others
Exporting Country - Soybean Volume breakup of 6 Countries
1. Brazil
2. United States
3. Argentina
4. Paraguay
5. Canada
6. Other
All the company analysis given in the report has been covered from 3 points
- Overview
- Recent Developments
- Revenue
Company Analysis
1. Kerry Inc
2. Fuji Oil Group
3. House Foods Group Inc
4. CHS Inc
5. Cargill Inc
6. Archer-Daniels-Midland Co
Table of Contents
Companies Mentioned
- Kerry Inc
- Fuji Oil Group
- House Foods Group Inc
- CHS Inc
- Cargill Inc
- Archer-Daniels-Midland Co
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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