Bean around town: Industry exports will rise as trade agreements are met
The industry includes companies that process soybeans into oil, cake, meal and other products to sell to food industries, wholesalers and retailers. Through 2023, the industry has endured fluctuating key input prices, namely soybean prices. Processors also encountered major disruptions during the pandemic. Most restaurants closed, slashing demand for processed soybean products. Overall, the industry ballooned at an expected CAGR of 5.7% to $54.3 billion. Even so, the industry will contract 1.8% in 2023 as soybean prices slide, causing selling prices to plummet.
This industry includes manufacturers that process soybeans into oil, cake, meal and other products.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Archer-Daniels-Midland Co
- Bunge Limited
- Cargill, Incorporated
Methodology
LOADING...
