Soybean Market Report, Growth, Share, Size, Price, Analysis, Industry Trends And Forecast 2020-2025

According to a new report by Expert Market Research titled, ‘Global Soybean Market Report and Forecast 2020-2025′, the global soybean market reached a volume of almost 347 million metric tons between 2018 and 2019. The market is further expected to grow at a CAGR of 2% in the forecast period of 2020-2025 to reach a volume of 373 million metric tons by 2025.

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The global soybean market based on production is led by the United States, accounting for about 35% share of the global output. The country is followed by Brazil, China, Argentina, and India as the largest producers of soybean. The soybean market in India is expected to witness a healthy growth in the coming years due to import restrictions on refined palm oil and palm olein from Malayasia imposed in January 2020. Thus, directing India towards increasing the imports of soybean and sunflower oils.

Soybean, variously known as soya bean, is an edible seed of the pea family (Fabaceae) and an annual legume. Soybean is the most important bean in the world, as it provides plant protein to millions of people, along with supplying ingredients for a lot of chemical products. Consumption of soya beans contains phytic acid, B vitamins, and other dietary minerals. Soybean gives soya vegetable oil as a processed product, which extensively used in food as well as industrial applications. Also, soybean is an important source of protein for livestock feed, which further provides animal protein for human consumption.

Read Full Report Description With Table Of Content: https://www.expertmarketresearch.com/reports/soybean-market

Market Analysis by Application:

1. Crush 2. Feed Use 3. Food Use

Market Analysis by Region:

1 North America 1.1 United States of America 1.2 Canada 2 Europe 2.1 Germany 2.2 United Kingdom 2.3 France 2.4 Italy 2.5 Others 3 Asia Pacific 3.1 China 3.2 Japan 3.3 India 3.4 ASEAN 3.5 Others 4 Latin America 4.1 Brazil 4.2 Argentina 4.3 Mexico 4.4 Others 5 Middle East & Africa 5.1 Saudi Arabia 5.2 United Arab Emirates 5.3 Nigeria 5.4 South Africa 5.5 Others

Cost Analysis

• Seed Cost

• Fertilizer Cost

• Chemicals Cost

• Custom Operations

• Other Operating Cost

• Taxes

• Labour

• Overheads

Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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