This statistic shows the ten U.S. states in soybean production from 2019 to 2024. Illinois topped the list in 2024, with almost *** million bushels produced that year. Soybean industry Soybeans are among the major agricultural crops planted in the United States, behind only corn. They belong to the oilseed crops category and most U.S. soybeans are planted in May and early June and are harvested in late September and October. Production practices show that U.S. farmers commonly grow soybeans in crop rotation with corn. More than 80 percent of soybeans are cultivated in the upper Midwest. The Unites States counted Illinois, Iowa, and Minnesota as their leading soybean producing states as of 2022. Historical data shows that large-scale soybean production did not begin until the 20th century in the United States. However, recent statistics illustrate that the acreage of the dominant oilseed crop has expanded rapidly. The expansion of soybean acreage was favored by several factors including low production costs and a greater number of 50-50 corn-soybean rotations. Furthermore, soybeans were one of the first crop types that achieved commercial success as bioengineered crops. The first genetically modified (GM) soybeans were planted in the United States in 1996. They possess a gene that confers herbicide resistance.The usage of soybeans ranges from the animal food industry over human consumption to non-food products. The highest percentage of soybeans goes to the animal feed industry. The products intended for human consumption include products such as soy milk, soy flour or tofu.

The US soybean farming industry is navigating significant changes in the current period, with soybean prices determining the initial rise and recent decline in industry performance. These prices have been influenced by several key factors, including the growing demand for biofuels and mixed consumer perceptions regarding soy products. The demand for soybean oil in biofuel production surged due to supportive policies like the Renewable Fuel Standard and rising crude oil prices, creating a lucrative market for soybean producers. However, subsequent drops in fertilizer and crude oil prices, paired with record-high soybean production, have sharply dropped soybean prices, bringing revenue and profit down with them as farmers struggle to balance costs with lower incomes. Industry has shrunk a compound annual growth rate (CAGR) of 2.6%, with a decrease of 8.7% in 2025, reaching an estimated $44.2 billion. US soybean exports are facing mounting challenges due to competitive pressures abroad and quickly evolving trade policy. Brazil’s increased production and improved export infrastructure have strengthened its position as a major supplier, particularly to China, which is reducing its reliance on US soybeans. This shift threatens US exports and compels American farmers to reassess their strategies, focusing on market diversification and emphasizing quality and sustainability to remain competitive. Rising geopolitical tensions and newly imposed tariffs, such as those affecting key markets like the EU, Canada and China, have further complicated trade, impacting US farmers' access and pricing power in these vital markets. Through the end of 2025, soybean prices are initially projected to decline due to increased production and growing global supplies. However, as climate change impacts crop yields through extreme weather and pest challenges and supplies become limited prices will be pushed upward alongside rising global demand. Subsidies will continue to play a vital role in supporting farmer incomes amids these fluctuations, providing some stability to an otherwise highly volatile industry. However, the industry faces significant uncertainty due to the ongoing USDA funding freeze is creating significant uncertainty, particularly where government support and subsidies are concerned. This freeze is affecting a wide range of agricultural programs including conservation efforts, market development, research and technical assistance. Over the next five years, the industry is expected to grow at a CAGR of 1.3%, with revenues reaching $47.1 billion by the end of 2030.

In 2024, an estimated 4.36 billion bushels of soybeans (or soya beans) were produced in the United States, a significant increase compared to the previous year. Soya beans in the U.S. Alongside the production volume of soybeans, the production value increased in the United States in 2020: the production value of soybeans stood at about 36.8 billion U.S. dollars in 2018 and increased to roughly 57.5 billion U.S. dollars three years later. The states that produced the highest volume of soybeans in 2022 were Illinois, Iowa, and Minnesota, respectively. Leading soybean producers worldwide Since the marketing year of 2012/2013, the United States and Brazil have been the leading producers of soybeans worldwide. Producing about 139 million metric tons of it, Brazil was clearly in the lead in 2021/2022. Other noteworthy countries in terms of soybean production included Argentina, China, and India.

This statistic shows the leading countries in soybean production worldwide from 2012/13 to 2024/25. From 2015/16 to 2018/2019, the United States was the leading global producer of soybeans with a production volume of ****** million metric tons in 2018/2019. As of 2019, Brazil overtook the United States as the leading soybean-producing country with a production volume of some *** million metric tons in 2023/24. Soybean production Soybeans are among the major agricultural crops sown in the United States, behind only corn. They belong to the oilseed crops category, and the majority of U.S. soybeans are planted in May and early June and are harvested in late September and October. Production practices show that U.S. farmers commonly cultivate soybeans in crop rotation with corn. More than ** percent of soybeans are grown in the upper Midwest. The United States reported Illinois, Iowa, and Minnesota as their leading soybean producing states in 2022. Historical data demonstrates that large-scale soybean production did not commence until the 20th century in the United States. However, the latest statistics illustrate that the acreage of the dominant oilseed crop has expanded rapidly. The certain increase of soybean acreage was supported by several factors, including low production costs and a greater number of 50-50 corn-soybean rotations. Furthermore, soybeans were one of the first crop types that accomplished commercial success as bioengineered crops. The first genetically modified (GM) soybeans were cultivated in the United States in 1996. They possess a gene that confers herbicide resistance.The usage of soybeans ranges from the animal food industry over human consumption to non-food products. The highest percentage of soybeans goes to the animal feed industry. The product portfolio intended for human consumption include products such as soy milk, soy flour or tofu.

Employment statistics on the Soybean Farming industry in United States

Soybeans are a popular source of protein among Americans who abstain from consuming animal products. The production value of soybeans in the United States amounted to 44.1 billion U.S. dollars in 2024. Soy Consumption in the United States Soy products find their way into American diets on a daily basis. Soybean oil is a popular ingredient in margarine as well as other processed foods. In 2021, consumption of soybean oil in the United States reached 11.4 million metric tons, the highest volume it has been in the last two decades. Soy Milk Soy milk is a very common plant-based milk alternative which is expected to become even more popular in the coming years, perhaps due to the increasing popularity of plant-based diets among Americans. The share of Americans who eat soy foods or drink soy beverages increased between 2011 and 2019. Soy beverage sales in the United States is expected to increase over the next few years.

United States Crop Production: Soybeans for Beans: Area Planted data was reported at 89,557.000 Acre th in 2018. This records a decrease from the previous number of 90,142.000 Acre th for 2017. United States Crop Production: Soybeans for Beans: Area Planted data is updated yearly, averaging 72,718.000 Acre th from Dec 1983 (Median) to 2018, with 36 observations. The data reached an all-time high of 90,142.000 Acre th in 2017 and a record low of 57,795.000 Acre th in 1990. United States Crop Production: Soybeans for Beans: Area Planted data remains active status in CEIC and is reported by National Agricultural Statistics Service. The data is categorized under Global Database’s USA – Table US.B068: Agriculture Crop Production.

The United States is a major producer of soybeans worldwide, with China importing the largest amount of U.S. grown soybeans of any country as of 2021. In that year, China imported nearly 14.15 billion metric tons of soybeans from the United States.

Soy foods Soybeans are naturally high in protein and hence a popular ingredient in vegetarian and vegan cuisine. Soy milk is a vegan and lactose-free alternative to cow’s milk, and soy sauce features heavily in East Asian cuisine. Tofu, tempeh, and miso are also all derived from soy. In the United States, the market value of soy food is expected to reach 9.6 billion U.S. dollars by 2020, up from 4.6 billion dollars in 2014.

Soybean production in the United States The United States produces the highest volume of soybeans of any country, at around 120 million metric tons in 2020/2021. In the previous year, the total value of U.S. soybean production amounted to about 39.13 billion U.S. dollars. Within the United States, the states with the most soybean cultivation are located in the Midwest. Illinois topped the list with over 673 million bushels of soybeans produced in 2021.

The Census of Agriculture, produced by the United States Department of Agriculture (USDA), provides a complete count of Texas' farms, ranches and the people who grow our food. The census is conducted every five years, most recently in 2022, and provides an in-depth look at the agricultural industry.The complete census includes over 260 separate commodities. This dataset is a subset of 23 commodities selected for publishingThis layer was produced from data obtained from the USDA National Agriculture Statistics Service (NASS) Large Datasets download page. The data were transformed and prepared for publishing using the Pivot Table geoprocessing tool in ArcGIS Pro and joined to county boundaries. The county boundaries are 2022 vintage and come from Living Atlas ACS 2022 feature layers.AttributesNote that some values are suppressed as "Withheld to avoid disclosing data for individual operations", "Not applicable", or "Less than half the rounding unit". These have been coded in the data as -999, -888, and -777 respectively.AlmondsAnimal TotalsBarleyCattleChickensCornCottonCrop TotalsGovt ProgramsGrainGrapesHayHogsLaborMachinery TotalsRiceSorghumSoybeanTractorsTrucksTurkeysWheatWinter Wheat

The North America Soybean Seed Treatment Market Report is Segmented by Chemical Origin (synthetic and Biological), Application Type (commercial and Farm Level), and Geography (United States, Canada, Mexico, and Rest of North America). The Report Provides Market Size and Forecasts in USD for all Segments.

The Census of Agriculture, produced by the United States Department of Agriculture (USDA), provides a complete count of America's farms, ranches and the people who grow our food. The census is conducted every five years, most recently in 2022, and provides an in-depth look at the agricultural industry.This layer was produced from data obtained from the USDA National Agriculture Statistics Service (NASS) Large Datasets download page. The data were transformed and prepared for publishing using the Pivot Table geoprocessing tool in ArcGIS Pro and joined to county boundaries. The county boundaries are 2022 vintage and come from Living Atlas ACS 2022 feature layers.Dataset SummaryPhenomenon Mapped: 2022 Soybean ProductionCoordinate System: Web Mercator Auxiliary SphereExtent: 48 Contiguous United States, Alaska, and HawaiiSource: USDA National Agricultural Statistics ServicePublication Date: 2022AttributesNote that some values are suppressed as "Withheld to avoid disclosing data for individual operations", "Not applicable", or "Less than half the rounding unit". These have been coded in the data as -999, -888, and -777 respectively.Soybeans - Acres HarvestedSoybeans - Operations With Area Harvested - Area Harvested: (1.0 To 24.9 Acres)Soybeans - Operations With Area Harvested - Area Harvested: (25.0 To 99.9 Acres)Soybeans - Operations With Area Harvested - Area Harvested: (100 To 249 Acres)Soybeans - Operations With Area Harvested - Area Harvested: (250 To 499 Acres)Soybeans - Operations With Area Harvested - Area Harvested: (500 To 999 Acres)Soybeans - Operations With Area Harvested - Area Harvested: (1,000 Or More Acres)Soybeans - Operations With Area HarvestedSoybeans - Operations With SalesSoybeans - Production, Measured In BushelsSoybeans - Sales, Measured In US DollarsSoybeans, Irrigated - Acres HarvestedSoybeans, Irrigated - Operations With Area Harvested In Alaska, one or more county-equivalent entities (borough, census area, city, municipality) are included in an agriculture census area.

United States Long Term Projections: Soybeans: Planted data was reported at 86.500 Acre mn in 2034. This stayed constant from the previous number of 86.500 Acre mn for 2033. United States Long Term Projections: Soybeans: Planted data is updated yearly, averaging 86.500 Acre mn from Dec 2022 (Median) to 2034, with 13 observations. The data reached an all-time high of 87.500 Acre mn in 2022 and a record low of 83.600 Acre mn in 2023. United States Long Term Projections: Soybeans: Planted data remains active status in CEIC and is reported by U.S. Department of Agriculture. The data is categorized under Global Database’s United States – Table US.RI010: Agricultural Projections: Soybeans and Products.

According to Cognitive Market Research, the global Soybean market size will be USD 157421.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 62968.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 47226.45 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 36206.95 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 7871.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 3148.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
The Raw category is the fastest growing segment of the Soybean industry

Market Dynamics of Soybean Market

Key Drivers for Soybean Market

Increasing Demand for Animal Feed to Boost Market Growth

The soybean market is substantially influenced by the increasing demand for animal feed. As the global population expands, there is a growing demand for livestock diets that contain a higher protein content. Soybeans are essential for the preparation of animal feed that promotes the health and productivity of livestock due to their high protein content. This demand is further exacerbated by the increasing consumption of meat and dairy products, particularly in expanding economies. Soybeans are indispensable in the animal husbandry sector due to their provision of essential nutrients that promote the growth and well-being of livestock. Consequently, the soybean market's growth and development are directly influenced by the increasing demand for animal feed.

Increasing Awareness of Health to Drive Market Growth

Another significant driving force for the soybean market is the growing emphasis on health consciousness among consumers. Soybeans, which are recognized for their nutritional benefits, have become an essential component of contemporary nutritional preferences as individuals prioritize healthier dietary choices. The trend toward mindful eating has resulted in an increasing demand for soy-based products and plant-based proteins. Soybeans are an ideal choice for health-conscious consumers who are in search of sustainable and nutritious food alternatives. This is due to their high protein content and essential nutrients. The global soybean market's growth patterns are significantly influenced by the pursuit of healthier lifestyles and the evolving dietary awareness, which in turn promotes the consumption of soy-based products.

Restraint Factor for the Soybean Market

Negative Environmental Consequences, will limit market growth

The expansion of soybean farming, particularly in regions such as Brazil, presents substantial environmental challenges. The Amazon rainforest's extensive deforestation for soy cultivation has severe ecological repercussions, such as the disruption of ecosystems, the loss of biodiversity, and the increase in carbon emissions. The Amazon is essential for regulating the global climate, and the clearing of forests not only destroys habitats but also contributes to climate change. Furthermore, the environment is further burdened by the construction of infrastructure, including roads and ports, to facilitate the expansion of soy. Criticism and calls for more sustainable agricultural practices have been prompted by these environmental impacts. The development of sustainable farming methods and agreements to safeguard forest areas are among the measures implemented to resolve these concerns. Nevertheless, the market continues to face a substantial challenge in reconciling the economic advantages of soy production with environmental conservation.

Impact of Covid-19 on the Soybean Market

Global soybean markets were significantly affected by the COVID-19 pandemic. Lockdown measures and restrictions on movement significantly disrupted economic activities, particularly affecting farmers' capacity to access markets a...

Soybean is among the major oilseed and protein meal products. In the 2023/2024 period, around ***** million metric tons of soybeans were imported globally. ***** was by far the leading importer of soybeans, with an annual import volume of approximately *** million metric tons in that year. Global overview Soybeans are grown as a food crop in Eastern Asia and are produced in Western agriculture as a source of both oil and protein. Although the United States and Brazil are the main producers of soybeans, China leads the soybean oil production worldwide.. Soybean market in the US Annual soybean production in the United States has increased to over *** billion bushels in the past few years. Illinois topped the list of major soybean producing U.S. states in 2022, with over *** million bushels produced that year.

The Soybean Market report segments the industry into Geography (North America, Europe, Asia-Pacific, South America, Middle East & Africa). The report includes Production Analysis, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis. Five-year historical data and forecasts are provided.

The Soybean Meal Market size was valued at USD 124.96 billion in 2023 and is projected to reach USD 170.05 billion by 2032, exhibiting a CAGR of 4.5 % during the forecasts period. Soybean meal is by product of soybean oil extraction process and widely used as protein supplement in animal feed for livestock, poultry, pigs, and others. Rising consumption of meat, dairy products and poultry is driving growth for soybean meal as it contains high amount of protein and amino acids. Soybean meal has emerged as important ingredient of animal feed in dairy cattle as it increases conjugated linoleic acid levels in the milk which helps to reduce risk of cancer. Increasing number of consumers as well as animal feed producers are looking for non-genetically modified soybean meal that is free of cholesterol and meets biological requirements of metabolism. Recent developments include: In April 2023, CRC purchased soybeans from farmers in Central Kentucky to process in their soybean facility. The facility can process 330 tons of soybeans daily, producing high-protein soybean meal and valuable feed ingredient soybean hulls. This expansion enables CRC to process almost four million bushels of soybeans annually, producing vegetable oil, soybean meal, and hulls for livestock and poultry feed. CRC’s biodiesel refining division is expected to produce up to five million gallons per year. , In March 2022, Perdue AgriBusiness would invest USD 59.1 million to expand its soybean crushing facility in Chesapeake, Virginia. This expansion will increase the production of soybean oil, soybean meal, and hulls. The company currently purchases 80% of Virginia’s soybeans and exports 72 million tons of soybeans annually. The expansion will improve processing capabilities and support local farmers. Perdue AgriBusiness is a subsidiary of Perdue Farms Inc., a large grain company with operations worldwide. , In January 2021, The United Soybean Board partnered with DuPont Nutrition & Biosciences and Soylent for a pilot program to identify sustainably grown soy products. They will use a new label called the Sustainably Grown U.S. Soy mark, ensuring the soy comes from responsible farms. The goal is to improve sustainability in supply chains and offer the mark to other companies. .

The North America Soybean Seed Treatment Market size was valued at USD 13.25 Million in 2023 and is projected to reach USD 15.25 Million by 2032, exhibiting a CAGR of 6.30 % during the forecasts periods. The North America soybean seed treatment market encompasses a diverse range of technologies aimed at enhancing seed quality and crop yield. It features advanced treatment types such as fungicides, insecticides, and biological agents, applied to seeds to protect against diseases and pests. This technology-driven approach not only safeguards seed health but also improves germination rates and overall crop performance. The market's impact is notable in increasing productivity while reducing environmental risks associated with traditional pesticide applications. Advantages include enhanced plant vigor, better stress tolerance, and optimized resource use efficiency, making seed treatment a pivotal component in modern agricultural practices across North America. Key drivers for this market are: Adoption of Organic and Eco-friendly Farming Practices, Declining Area of Arable Land and Rising Food Security Concerns. Potential restraints include: High Demand for Conventional and Synthetic Products, Lack of Awareness and Other Factors Limiting the Adoption of Agricultural Inoculants. Notable trends are: Increased Production of Soybeans.

USA Cropland is a time enabled imagery layer of the USDA CropScape Cropland Data Layers dataset from the National Agricultural Statistics Service (NASS). The time series shows the crop grown during every growing season in the conterminous US since 2008. Use the time slider to select only one year to view, or press play to see every growing season displayed sequentially in an animated map.Why USA Cropland masks out NLCD land cover in its default templateUSDA CropScape Cropland Data Layers, by default as downloaded from USDA, fill in the non-cultivated areas of the conterminous USA with land cover classes from the MRLC National Land Cover Dataset (NLCD). The default behavior for Esri's USA Cropland layer is a little bit different. By default the Esri USA Cropland layer uses the analytic renderer, which masks out this NLCD data. Why did we choose to mask out the NLCD land cover classes by default?While crops are updated every year from USDA NASS, the NLCD data changes every several years, and it can be quite a bit older than the crop data beside it. If analysis is conducted to quantify landscape change, the NLCD-derived pixels will skew the results of the analysis because NLCD land cover in a yearly time series may appear to remain the same class for several years in a row. This can be problematic because conclusions drawn from this dataset may underrepresent the amount of change happening to the landscape.Since the 2018 Cropland Data Layer was posted (early 2019), MRLC issued an update to the NLCD Land Cover dataset. The 2019 and 2020 cropland frames have this more current NLCD data, but the years before that contain NLCD land cover data from 2011 or older.To display the most current land cover available from both sources, add both the USA NLCD Land Cover service and USA Cropland time series to your map. Use the analytical template with the USA Cropland service, and draw it on top of the USA NLCD Land Cover service. When a time slider is used with these datasets together, the map user will see the most current land cover from both services in any given year.Variable mapped: Crop grown in each pixel since 2008.Data Projection: AlbersMosaic Projection: AlbersExtent: Conterminous USACell Size: 30mSource Type: ThematicVisible Scale: All scales are visibleSource: USDA NASSPublication Date: 1/27/2021This layer and the data making up the layer are in the Albers map projection. Albers is an equal area projection, and this allows users of this layer to accurately calculate acreage without additional data preparation steps. This also means it takes a tiny bit longer to project on the fly into web Mercator, if that is the destination projection of the layer.Processing templates available with this layerTo help filter out and display just the crops and land use categories you are interested in showing, choose one of the thirteen processing templates that will help you tailor the symbols in the time series to suit your map application. The following are the processing templates that are available with this layer:Analytic RendererUSDA Analytic RendererThe analytic renderer is the default template. NLCD codes are masked when using analytic renderer processing templates. There is a default esri analytic renderer, but also an analytic renderer that uses the original USDA color scheme that was developed for the CropScape layers. This is useful if you have already built maps with the USDA color scheme or otherwise prefer the USDA color scheme.Cartographic RendererUSDA Cartographic RendererThese templates fill in with NLCD land cover types where crops are not cultivated, thereby filling the map with color from coast to coast. There is also a template using the USDA color scheme, which is identical to the datasets as downloaded from USDA NASS.In addition to different ways to display the whole dataset, some processing templates are included which help display the top 10 agricultural products in the United States. If these templates seem to overinclude crops in their category (for example, tomatoes are included in both the fruit and vegetables templates), this is because it's easier for a map user to remove a symbol from a template than it is to add one.Corn - Corn, sweet corn, popcorn or ornamental corn, plus double crops with corn and another crop.Cotton - Cotton and double crops, includes double crops with cotton and another crop.Fruit - Symbolized fruit crops include not only things like melons, apricots, and strawberries, but also olives, avocados, and tomatoes. Nuts - Peanuts, tree nuts, sunflower, etc.Oil Crops - Oil crops include rapeseed and canola, soybeans, avocado, peanut, corn, safflower, sunflower, also cotton and grapes.Rice - Rice crops.Sugar - Crops grown to make sugars. Sugar beets and cane are displayed of course, but so are corn and grapes.Soybeans - Soybean crops. Includes double crops where soybeans are grown at some time during the growing season.Vegetables - Vegetable crops, and yes this includes tomatoes. Wheat - Winter and spring wheat, durum wheat, triticale, spelt, and wheat double crops.In many places, two crops were grown in one growing season. Keep in mind that a double crop of corn and soybeans will display in both the corn and soybeans processing templates.Index to raster values in USA Cropland:0,Background (not a cultivated crop or no data)1,Corn2,Cotton3,Rice4,Sorghum5,Soybeans6,Sunflower10,Peanuts11,Tobacco12,Sweet Corn13,Pop or Orn Corn14,Mint21,Barley22,Durum Wheat23,Spring Wheat24,Winter Wheat25,Other Small Grains26,Dbl Crop WinWht/Soybeans27,Rye28,Oats29,Millet30,Speltz31,Canola32,Flaxseed33,Safflower34,Rape Seed35,Mustard36,Alfalfa37,Other Hay/Non Alfalfa38,Camelina39,Buckwheat41,Sugarbeets42,Dry Beans43,Potatoes44,Other Crops45,Sugarcane46,Sweet Potatoes47,Misc Vegs & Fruits48,Watermelons49,Onions50,Cucumbers51,Chick Peas52,Lentils53,Peas54,Tomatoes55,Caneberries56,Hops57,Herbs58,Clover/Wildflowers59,Sod/Grass Seed60,Switchgrass61,Fallow/Idle Cropland62,Pasture/Grass63,Forest64,Shrubland65,Barren66,Cherries67,Peaches68,Apples69,Grapes70,Christmas Trees71,Other Tree Crops72,Citrus74,Pecans75,Almonds76,Walnuts77,Pears81,Clouds/No Data82,Developed83,Water87,Wetlands88,Nonag/Undefined92,Aquaculture111,Open Water112,Perennial Ice/Snow121,Developed/Open Space122,Developed/Low Intensity123,Developed/Med Intensity124,Developed/High Intensity131,Barren141,Deciduous Forest142,Evergreen Forest143,Mixed Forest152,Shrubland176,Grassland/Pasture190,Woody Wetlands195,Herbaceous Wetlands204,Pistachios205,Triticale206,Carrots207,Asparagus208,Garlic209,Cantaloupes210,Prunes211,Olives212,Oranges213,Honeydew Melons214,Broccoli215,Avocados216,Peppers217,Pomegranates218,Nectarines219,Greens220,Plums221,Strawberries222,Squash223,Apricots224,Vetch225,Dbl Crop WinWht/Corn226,Dbl Crop Oats/Corn227,Lettuce228,Dbl Crop Triticale/Corn229,Pumpkins230,Dbl Crop Lettuce/Durum Wht231,Dbl Crop Lettuce/Cantaloupe232,Dbl Crop Lettuce/Cotton233,Dbl Crop Lettuce/Barley234,Dbl Crop Durum Wht/Sorghum235,Dbl Crop Barley/Sorghum236,Dbl Crop WinWht/Sorghum237,Dbl Crop Barley/Corn238,Dbl Crop WinWht/Cotton239,Dbl Crop Soybeans/Cotton240,Dbl Crop Soybeans/Oats241,Dbl Crop Corn/Soybeans242,Blueberries243,Cabbage244,Cauliflower245,Celery246,Radishes247,Turnips248,Eggplants249,Gourds250,Cranberries254,Dbl Crop Barley/Soybeans

According to Cognitive Market Research, the global Soybean Seed market size will be USD 10615.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 4246.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 3184.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2441.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 530.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 212.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The genetically modified (GM) soybean seeds category is the fastest growing segment of the Soybean Seed industry

Market Dynamics of Soybean Seed Market

Key Drivers for Soybean Seed Market

The Rising Global Demand for Soy-Derived Products to Boost Market Growth

The market for soybean seeds is expanding due in large part to the rising demand for items made from soy. In many culinary and non-food items, such as soy milk, tofu, soy protein isolates, and soy oil, soybeans are an essential component. The usage of soy-based substitutes for dairy and animal products is increasing due to the growing popularity of plant-based diets, which are being driven by customers who are concerned about their health and the environment. Additionally, soymeal is a major source of animal feed for the expanding cattle industry. Soybeans' adaptability in industrial uses and biofuel generation further enhances their allure. Farmers are being encouraged by this strong demand to use premium soybean seeds in order to increase output and successfully satisfy market demands.

Expansion of Livestock and Poultry Farming to Drive Market Growth

The rise of the soybean seed market is largely driven by the increase in livestock and poultry farming. Soy is the main source of high-quality protein in animal feed, especially soymeal, for the well-being and productivity of cattle and poultry. As the world's meat consumption keeps rising, there is a growing need for feed made from soybeans. Animal husbandry is expanding quickly in emerging economies because of their expanding populations and rising incomes, which increases demand for soybeans. Farmers are spending more money on pest-resistant and high-yield soybean seeds in order to satisfy the demands of the feed sector and guarantee a steady supply and quality. This pattern helps the global soybean seed market to continue growing steadily.

Restraint Factor for the Soybean Seed Market

High Costs of Genetically Modified (GM) Seeds Will Limit Market Growth

The market expansion for soybean seeds is severely hampered by the high price of genetically modified (GM) seeds. Due to the need for intensive research and development, genetically modified seeds that provide characteristics like insect and herbicide resistance are more expensive. GM seeds are too expensive for many small-scale and resource-constrained farmers, especially in developing nations, which restricts their uptake. Furthermore, GM seeds frequently need supplementary inputs, such as certain pesticides, which raises agricultural costs even more. The financial burden is further increased for farmers by issues with intellectual property restrictions and licensing agreements. This expense barrier prevents broad adoption, which affects the market for soybean seeds' potential for overall growth.

Impact of Covid-19 on the Soybean Seed Market

The COVID-19 pandemic had a major effect on the soybean seed industry by interfering with supply chains, postponing farming activities, and influencing seed distribution. Logistical difficulties brought on by lockdowns and transit limitations made it difficult for farmers to obtain premium seeds during crucial planting seasons. Agriculture-related labor shortages made matters worse, especially in areas where manual farming is ...

USA Crop Frequency is a thematic imagery service which serves the USDA National Agricultural Statistics Service Crop Frequency Data Layers. The service displays how many years corn, cotton, soybeans, or wheat were grown on a pixel since 2008. First, connect to the USA Crop Frequency service, then choose the processing template for the commodity you would like to view/analyze, whether corn, soybeans, wheat, or cotton.The default view of the USA Crop Frequency service shows how many years since 2008 that a pixel grows any of these four commodity crops. (Note: If two ore more commodity crops are both grown on the same pixel during a year, this counts as only one year in which any of the commodity crops was grown.)Variable mapped: Number of years corn, cotton, soybeans, and wheat were grown from 2008 to 2018.Data Projection: AlbersMosaic Projection: AlbersExtent: Conterminous USACell Size: 30mSource Type: ThematicVisible Scale: All scalesSource: USDA NASSPublication Date: 2019This service and the data making up the service are all in Albers Projection. Albers is an equal area projection, and this allows users of this service to accurately calculate acreage without additional data preparation steps. This also means it takes a tiny bit longer to project on the fly into web mercator, if that is the destination projection of the service.Use processing templates to display frequency of corn, soybeans, wheat, or cottonCorn, soybeans, wheat, and cotton are the chief produce crops by value in the United States, excepting alfalfa and hay. To see how many years just corn, soybeans, wheat, or cotton are grown, choose the processing template that is appropriate for that commodity. Two templates exist for each commodity, one built by USDA with the default USDA color scheme, and one built by Esri.In ArcGIS Online, choose a processing template by clicking ... under crop frequency in the Table of Contents, then choose Image Display.Next, choose a renderer in the dialogue to see just corn, soybeans, wheat, or cotton in either an Esri or USDA color scheme.Value in Billions of US Dollars, 2014:Corn $52.4Soybeans $40.3Wheat $11.9Cotton $5.1Corn (Zea mays) is the most widely produced feed grain in the United States. The largest share of the corn produced in the USA (33%) is used to feed livestock, followed by 27% used to make ethanol for fuel. 11% of it is used to create food for humans, including high fructose corn syrup, sweeteners, starch, beverage alcohol, and cereals.Soybeans (Glycine max) are a widely grown crop in the United States. The beans are edible and have many uses. The beans are 38-45% protein and constitute the most important protein source for feed farm animals in the United States. They are also widely used to extract soybean oil, and in processed foods.Wheat (Triticum spp.) is a grass grown for seed and is used to make pasta (durum wheat), bread, baked goods, and other foods. For this service, "wheat" is a combination of durum, spring, and winter wheat, spelt, and triticale. These subclasses of wheat are identified by pixel in the USA Cropland thematic imagery service for years 2008-2019.Cotton (Gossypium spp.) is a flowering plant grown for its balls of soft, fluffy fibers that grow in a boll. Almost all of the boll is used as fiber in textiles, but the seeds may also be used to make oils, and the seed hulls used to feed livestock.