The global organic soybean market is expected to reach a valuation of more than USD 2.2 billion by 2022, according to the latest research report from Market Research Future (MRFR). The global organic soybean market is expected to exhibit a strong 17.71% CAGR over the forecast period from 2017 to 2022, according to the report.
The global organic soybean market is mainly driven by the growing demand for organic soybean and organic soybean oil. Organic soybean is grown with organic methods and has thus caught the attention of consumers who prefer organic foods over conventionally grown foods. Soybean is a widely used grain, with applications in human food, animal feed, oil, and more. Soybean also has several industrial applications, but the organic soybean market is fairly immune to fluctuations in industrial demand, as industrial soybean is mainly grown conventionally. The rising demand for organic soybean in oil and human food and beverage applications is thus likely to be the major driver for the global organic soybean market over the forecast period. Organic soybean oil has become a valued commodity in recent years and is likely to remain a major component of the global organic soybean market over the forecast period.
The growing demand for organic soybean in animal feed is likely to be a major driver for the global organic soybean market over the forecast period. Animal feed is food delivered to livestock animals. The use of organic components in animal feed has gone up in recent years, as the ecological benefits of organic food have come to the fore and encouraged many end users to switch to organic foods rather than conventionally grown foods. This is likely to remain a key driver for the global organic soybean market over the forecast period.
Competitive Analysis:
The global organic soybean market is dominated by players such as Pilgrim’s Pride, Tyson Foods Inc., Perdue Farms, Grain Millers Inc., AFG Brasil S/A, Soni Soya Products Pvt. Ltd., and Sapthsathi Organic Agriculture Project (SOAP).
In November 2019, Colorado-based natural food producer Vitamin Cottage Natural Food Markets announced a recall on two-pound organic soybean packages under the Natural Grocers brand due to fear of mold.
Segmentation:
The global organic soybean market is segmented on the basis of application and region.
By application, the global organic soybean market is segmented into crush, food use, and feed use. The crush application segment dominates the global organic soybean market due to the growing demand for organic soybean oil. The crush application segment is likely to remain dominant over the forecast period. The food use segment of the global organic soybean market is expected to exhibit the highest growth rate over the forecast period, of 18.68%.
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Regional Analysis:
Latin America holds the dominant share in the global organic soybean market by both value and volume and is likely to remain the leading regional segment of the global organic soybean market due to the growing production of organic soybean in the region. Latin America houses conducive conditions for organic soybean farming, which has resulted in a rapid growth in soybean farming in the region over the last few decades. The Latin America regional segment of the global soybean protein market is expected to rise to a valuation of more than USD 800 million by 2022, at a strong CAGR of 17.82%.
Asia Pacific is also likely to be a major regional market for organic soybean over the forecast period due to the high consumption of both soy chunks and soy sauce in the region. Countries such as China, Japan, Taiwan, and South Korea are massive consumers of soy sauce as well as other soy products, which has resulted in growth in the organic soybean market in the region. The growing awareness about organic farming and the increasing disposable income of consumers in the region has also allowed the organic soybean market to establish a firm base in Asia Pacific. The Asia Pacific market for organic soybean is expected to exhibit the highest CAGR of 18.25% over the forecast period.
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Overview:The global organic soybean market is touted to reach a total market valuation of USD 2210.53 million by 2022.
Market Research Future (MRFR) in their report on the organic soybean market includes soybeans high nutritional value as a significant market contributor.Furthermore, with people growing health conscious all around, healthy chemical-free products are gaining traction both as human consumables and animal feed.
This directly affects yielding of the crop which advertently impacts the organic soybean market.Access Report @ https://www.marketresearchfuture.com/reports/organic-soybean-market-4208Industry Trend:The United Soybean Board (USB) and the National Corn Growers Association (NCGA) have joined hand in the U.S. to develop technology that would increase the margin of profit and help farmers gain more from the cultivation of soybean and corn.
Their initiative has a target of five years within which they would like to transform the industrial scenario by implementing latest technologies.Considerable innovations have been made by biotechnology in soybean farming, and as a result, high oleic soybean is gaining fast traction.
It has high nutritional profile, and food functionality and the brands DuPoint Pioneer and Visitive Gold, who are launching this product have improved its storage and processing stability.Segmentation:The global organic soybean market can be segmented based on application.
However, the food-based application can expect a CAGR of 18.68% during the forecast period which can be the highest among the sub-segments.Regional Analysis:Geographically, the organic soybean market spans across North America, Latin America (LATAM), Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).In terms of both volume and value, the LATAM is expected to rule the market in the near future.
Organic Soybean Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.Get FREE Sample Report Before Buying @ https://www.upmarketresearch.com/home/requested_sample/8236UpMarketResearch offers a latest published report on “Global Organic Soybean Market Analysis and Forecast 2018-2023” delivering key insights and providing a competitive advantage to clients through a detailed report.
Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
The numerical data is backed up by statistical tools such as SWOT analysis, BCG matrix, SCOT analysis, PESTLE analysis and so on.
The statistics are represented in graphical format for a clear understanding on facts and figures.The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
Secondary research techniques are implemented for better understanding and clarity for data analysis.The report for Organic Soybean market analysis & forecast 2018-2023 is segmented into Product Segment, Application Segment & Major players.Region-wise Analysis Global Organic Soybean Market covers:North AmericaEuropeChinaJapanIndiaSoutheast AsiaOther regions (Central & South America, Middle East & Africa)The Major players reported in the market include: Non-GMO SourcebookSapthsathi Organic Agriculture Project (SOAP) Junsheng InternationalKombu WholefoodsClarksonFor More Information, Please Visit https://www.upmarketresearch.com/home/enquiry_before_buying/8236Global Organic Soybean Market: Product Segment Analysis:FreshDryGlobal Organic Soybean Market: Application Segment Analysis:Food IndustryAnimal HusbandryOtherThe Report covers in-depth analysis as follows:Chapter 1 Study CoverageChapter 2 Executive SummaryChapter 3 Breakdown Data by ManufacturersChapter 4 Breakdown Data by TypeChapter 5 Breakdown Data by ApplicationChapter 6 North AmericaChapter 7 EuropeChapter 8 Asia PacificChapter 9 Central & South AmericaChapter 10 Middle East and AfricaChapter 11 Company ProfilesChapter 12 Market Opportunities, Challenges, Risks and Influences Factors AnalysisChapter 13 Value Chain and Sales Channels AnalysisChapter 14 Research Findings and ConclusionChapter 15 AppendixBuy Organic Soybean Market analysis & forecast 2018-2023 Report along with complete TOC @https://www.upmarketresearch.com/buy/organic-soybean-market“Organic Soybean Market Analysis and Forecast 2018-2023” report helps the clients to take business decisions and to understand strategies of major players in the industry.
The report also calls for market-driven results deriving feasibility studies for client needs.
Radiance Overseas is a leading Export house of organic soybean, organic soymeal, and Organic agro products like Pulses, Seeds, spices, cereals & Grains.Read more: https://radianceoverseas.com/
