Soybean Market & Volume By Countries, Companies, Global Forecast By 2027

Soybean Market would be US$162.36 Billion by 2027. Global Forecast By Consumption, Production, Import, Export Countries, and Company Analysis.
By: Renub Research
 
ROSWELL, Ga. - March 17, 2021 - PRLog -- Soybean is a vegetable crop & edible seed of the pea family (Fabaceae) .Its scientific name is Glycine max. It is one of the most valuable and inexpensive crop available in the world. Soybean is considered a great source of protein in the human body as it has large nutritional values and contains a significant amount of phytic acid, Vitamin E, and Dietary minerals. Globally, Soybean is premier the most economically important crop; it is not only an oilseed crop and feed for livestock but also ingredients for a lot of chemical products. It has large nutritional values and contains a significant amount of phytic acid, Vitamin E and Dietary minerals. As per Renub research, Global Soybean Market would be US$162.36 Billion by the end of the year 2027.

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 our 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.

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions.

Contact Us:
Renub Research
Phone No: +1 678–302–0700 (USA) | +91–120–421–9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow the link for the full report with detailed TOC and list of figures and tables: https://www.renub.com/soybean-market-p.php

Contact
Renub Research
info@renub.com
+1 678–302–0700
End
Source:Renub Research
Email:***@renub.com
Tags:Global Soybean Market
Industry:Food
Location:Roswell - Georgia - United States
Subject:Reports
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Renub Market Research PRs
Trending News
Most Viewed
Top Daily News



Like PRLog?
9K2K1K
Click to Share