In 2022, the volume of soybean produced in Colombia amounted to 103 thousand metric tons, representing an increase of about nine percent compared to the previous year. For 2023, it was expected that production would increase by almost five percent to 108 thousand metric tons.
In 2023, the production volume of maize or corn in Colombia amounted to 75 thousand metric tons. It was expected that production would reach 83.82 million metric tons in 2033.
In 2023, the yield of soybean in Colombia amounted to three metric tons per hectare, a value similar to the previous year. It was estimated that in 2033, soybean yield would reach 3.3 metric tons per hectare.
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Production of Soya Bean in Colombia - 2025. Find the latest marketing data on the IndexBox platform.
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Statistics illustrates consumption, production, prices, and trade of Soya Bean in Colombia from 2007 to 2024.
Brazil's yield for soybeans was forecast to reach 3.71 metric tons per hectare by 2033. Ranking second was Colombia, with a soybean yield of 3.3 metric tons per hectare.
Soybean Derivatives Market Size 2025-2029
The soybean derivatives market size is forecast to increase by USD 134.5 billion, at a CAGR of 7.2% between 2024 and 2029.
The market is experiencing significant growth due to the rising demand from lactose-intolerant and vegan consumers for alternative sources of protein. These consumers are increasingly turning to soybean derivatives, such as soy protein isolates and textured vegetable protein, as substitutes for dairy and meat products. Additionally, the animal feed industry is a major consumer of soybean derivatives, with soybean meal being a primary source of protein for livestock. However, the market faces challenges from the presence of soybean substitutes, such as pea and sunflower protein, which offer similar nutritional benefits. These substitutes are gaining popularity due to their lower environmental impact and potential for higher yields. Soybean derivatives, such as soy milk and tofu, are popular alternatives to dairy products and meat, respectively
Furthermore, the volatility of soybean prices and trade policies, such as tariffs and quotas, can significantly impact the market's dynamics. Companies in the market must navigate these challenges by focusing on product innovation, sustainability, and supply chain efficiency to remain competitive. Additionally, the use of soybeans in animal feed is another growth factor. For instance, developing new applications for soybean derivatives in the food and beverage industry, improving production processes to reduce waste and increase yields, and exploring new markets and partnerships can help companies capitalize on market opportunities and mitigate risks.
What will be the Size of the Soybean Derivatives Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market encompasses a wide range of applications and products, from soybean yield optimization and hull applications to soy meal composition and protein concentrates. Soybean cultivation practices continue to evolve, with a focus on disease management and sustainability practices. In the realm of product development, soybean ingredient innovation is driving the creation of new grades of soy lecithin and protein isolates. In the food industry, soy derivatives are used as functional ingredients in various applications, including baked goods, beverages, and processed food.
Soybean pest resistance and environmental footprint are also critical factors influencing market dynamics. As the demand for sustainable and high-performing soybean derivatives continues to grow, so too will the innovation and collaboration within the industry. Industry collaborations and regulatory compliance are shaping the soybean industry landscape, with a growing emphasis on traceability systems and GMO labeling. Additionally, the market is expanding in sectors such as biodiesel due to the renewable nature of soy oil and its potential to reduce greenhouse gas emissions.
How is this Soybean Derivatives Industry segmented?
The soybean derivatives industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Type
Soy oil
Soy milk
Soy protein
Others
Distribution Channel
Offline
Online
Application
Food and beverage
Animal feed
Others
Geography
North America
US
Canada
Mexico
APAC
China
India
Indonesia
Japan
South America
Argentina
Brazil
Colombia
Rest of World (ROW)
By Type Insights
The soy oil segment is estimated to witness significant growth during the forecast period. Soybean oil, derived from soybean processing, is a popular choice for health-conscious consumers due to its nutritional benefits. Rich in unsaturated fats, essential fatty acids, and vitamin E, soybean oil is a preferred cooking oil for various applications, including frying, sautéing, baking, and salad dressings. The environmental sustainability of soybean cultivation and the versatility of soybean derivatives have contributed to their increasing use in various industries. Soybean-based ingredients, such as soybean flakes, grits, and meal, have gained popularity in the animal feed industry due to their high nutritional value and protein content. Soybean meal is a valuable byproduct of soybean oil refining and is a primary source of protein for livestock. It is used as an emulsifier and stabilizer in various industries, including food, pharmaceuticals, and cosmetics.
Soybean sustainability is a critical concern for consumers and manufacturers alike, leading to an increased focus on sustainable sourcing and production practice
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In 2022, the volume of soybean produced in Colombia amounted to 103 thousand metric tons, representing an increase of about nine percent compared to the previous year. For 2023, it was expected that production would increase by almost five percent to 108 thousand metric tons.