This statistic shows the ten U.S. states in soybean production from 2019 to 2024. Illinois topped the list in 2024, with almost 688 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.

This statistic shows the leading countries in soybean production worldwide from 2012/13 to 2023/24. From 2015/16 to 2018/2019, the United States was the leading global producer of soybeans with a production volume of 120.52 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 162 million metric tons in 2022/23. Soybean production Soybeans are among the major agricultural crops sowed in the United States, behind only corn. They belong to the oilseed crops category and the majority of U.S. soybeans is planted in May and early June and is harvested in late September and October. Production practices show that U.S. farmers commonly cultivate soybeans in crop rotation with corn. More than 80 percent of soybeans are grown in the upper Midwest. The Unites 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.

Soybean is among the major oilseed and protein meal products. In the 2022/2023 period, around 171.95 million metric tons of soybeans were imported globally. China was by far the leading importer of soybeans, with an annual import volume of approximately 100 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 4.2 billion bushels in the past few years. Illinois topped the list of major soybean producing U.S. states in 2022, with over 677 million bushels produced that year.

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 ...

In 2020, 94 percent of the soybean crops in the United States were genetically modified to be herbicide tolerant. Genetically modified crops have taken agriculture in the U.S. by storm. By comparison, only 17 percent of soybean crops were genetically modified in 1997. Other crops grown in the United States which are mostly genetically modified are cotton and corn.

Types of genetic modifications for Crops
Herbicide tolerance is one of the most common forms of genetic modification. As the name suggests, these plants are modified so that herbicides meant for weeds will not harm the plant itself, allowing for higher yields and healthier crops. Most of the cotton and corn in the United States is modified to have stacked traits. This refers to the practice of combining several different genes into a single plant.

Agricultural production in the United States
Gross farming income in the United States has seen an increase since 2000, increasing from about 242 billion U.S. dollars to 404 billion dollars in 2018. As genetically modified crops became more prevalent during that time period, the total production of soybeans in the United States also grew, amounting to approximately 4.31 billion bushels in 2018. Corn is another important crop in the United States with a variety of different uses, from human consumption to animal feed to ethanol production. Between 2000 and 2018, the area of corn for grain harvested in the U.S. increased by nearly 10 million acres.

Market Overview:

Vietnam soybean oil market size is projected to exhibit a growth rate (CAGR) of 9.90% during 2024-2032. Increasing health consciousness among consumers, a growing middle class population base with higher disposable incomes, the expansion of the food processing industry, government support for domestic soybean production, favorable trade agreements, advancements in processing technologies, and the rising consumer inclination toward healthier lifestyles contribute to the market's positive trajectory.

Report Attribute	Key Statistics
Base Year	2023
Forecast Years	2024-2032
Historical Years	2018-2023
Market Growth Rate (2024-2032)	9.90%

Soybean oil, a versatile vegetable oil derived from soybeans, is highly regarded for its widespread culinary and industrial applications. The process of extracting soybean oil involves several key steps, beginning with the cleaning and preparation of soybeans. The beans are then cracked, heated, and rolled into flakes before undergoing extraction through a solvent-based method, typically employing hexane. Following extraction, the oil is refined through processes such as degumming, neutralization, bleaching, and deodorization to ensure its purity and quality. In terms of health and nutritional advantages, soybean oil is lauded for its favorable fatty acid profile, comprising predominantly unsaturated fats, particularly polyunsaturated fats, which are known to promote heart health. It is also a rich source of omega-3 and omega-6 fatty acids, which are essential for the body. Additionally, soybean oil contains vitamin E, an antioxidant that contributes to cell protection and skin health. These nutritional attributes make it a desirable choice for cooking and food preparation. It has a wide range of uses, from cooking, where it's valued for its high smoke point and versatility, to industrial applications like biodiesel production, machinery lubrication, and manufacturing cosmetics and plastics. Soybean oil comes in different types, primarily categorized based on its fatty acid composition. The two main types are regular soybean oil, with a balanced mix of saturated, monounsaturated, and polyunsaturated fats, and high-oleic soybean oil, which has a higher monounsaturated fat content, offering increased stability for frying.

Vietnam Soybean Oil Market Trends:

The Vietnam soybean oil market is influenced by several key drivers, such as the increasing awareness of the health benefits associated with soybean oil consumption. Additionally, the growth of the food processing industry, driven by changing dietary preferences and urbanization, has created a consistent demand for soybean oil as a crucial ingredient in various food products, further boosting the market growth. This is further supported by the country's burgeoning population and expanding middle class. Moreover, the country's agricultural landscape plays a pivotal role, with soybean cultivation expanding to meet the escalating demand for locally sourced soybean oil, which is fueling the market growth. In line with this, the government's supportive policies and initiatives to promote domestic soybean production and processing and the trade agreements Vietnam has entered into, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), are facilitating the market growth. Furthermore, the rising inclination of individuals toward healthier lifestyles have encouraged food manufacturers to reformulate their products, replacing less healthy oils with soybean oil, which is stimulating the market growth.

Vietnam Soybean Oil Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on end use.

End Use Insights:

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• Food
• Feed
• Industrial
  

The report has provided a detailed breakup and analysis of the market based on the end use. This includes food, feed, and industrial.

Regional Insights:

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• Northern Vietnam
• Central Vietnam
• Southern Vietnam
  

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape in the market. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the key players include:

• Calofic Corporation (Wilmar International Group)
• Cargill Incorporated
• Portrax Co LLC

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Vietnam Soybean Oil Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Million
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: End Use Region
End Uses Covered	Food, Feed, Industrial
Regions Covered	Northern Vietnam, Central Vietnam, Southern Vietnam
Companies Covered	Calofic Corporation (Wilmar International Group), Cargill Incorporated, Portrax Co LLC, etc. (Please note that this is only a partial list of the key players, and the complete list is provided in the report.)
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report:

• How has the Vietnam soybean oil market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the Vietnam

In 2023, exports of soybean from Brazil reached nearly 102 million metric tons, an increase of 29 percent when compared to the previous year. This is also the highest figure reported in the decade. In turn, Brazilian soybean exports were valued at approximately 53.2 billion U.S. dollars that year.

An undisputed market leader As Brazil’s annual soybean exports nearly tripled in one decade, the South American country went on to become the largest exporter of this oilseed in the world. This result is mostly associated with an increasing demand from China, the leading destination for Brazilian soybean exports. Meanwhile, global soybean meal and soybean oil exports are dominated by Brazil’s southern neighbor, Argentina. Nevertheless, the Portuguese-speaking country ranks second worldwide.

Domestic soybean demand also on a rise Parallel to a growth in international demand for this commodity, the domestic consumption of soybean in Brazil has also seen a continual rise in the past decade, estimated at more than 55.6 million metric tons in 2022/23. In the industrial sector, this oilseed is mainly associated with the biofuels segment. In 2022, more than four million cubic meters of soybean oil were used for biodiesel diesel production in Brazil, making it the leading raw material used for this purpose.

The global soybean plant protection product market size was valued at USD 9.2 billion in 2025 and is projected to reach USD 13.4 billion by 2033, exhibiting a CAGR of 4.5% during the forecast period. The market growth is primarily attributed to the increasing global demand for soybeans and the need to protect soybean crops from pests, diseases, and weeds. Moreover, rising awareness about crop protection practices and government initiatives to promote sustainable agriculture further contribute to market growth. North America and Asia-Pacific are the major regional markets for soybean plant protection products. In North America, the United States is the largest consumer, followed by Canada and Mexico. In Asia-Pacific, China and India are the key markets. The growth in these regions is driven by the increasing acreage under soybean cultivation, rising adoption of advanced farming techniques, and the presence of prominent players in the region. Key market players include Syngenta, UPL, FMC, BASF, Bayer, Nufarm, DuPont, Sumitomo Chemical, Corteva, Adama Agricultural Solutions, and Arysta LifeScience, among others. These companies are focusing on research and development to introduce innovative products and expand their market share.

On-Farm Residue Removal Study for Resilient Economic Agricultural Practices in Morris, Minnesota Interest in harvesting crop residues for energy has waxed and waned since the oil embargo of 1973. Since the at least the late 1990’s interest has been renewed due to concern of peak oil, highly volatile natural gas prices, replacing fossil fuel with renewable sources and a push for energy independence. The studies conducted on harvesting crop residues during the 1970’s and1980’s focused primarily on erosion risk and nutrient removal as a result early estimates of residue availability focused on erosion control (Perlack et al., 2005). More recently, the focus has expanded to also address harvest impacts on soil organic matter and other constraints (Wilhelm et al., 2007; Wilhelm et al., 2010). In West Central Minnesota, crop residues have been proposed a replacement for natural gas (Archer and Johnson, 2012) while nationally residues are also be considered for cellulosic ethanol production (US DOE, 2011). The objective of the on-farm study was to assess the impact of residue harvest on working farms with different management systems and soils. Indicators of erosion risk, soil organic matter, and crop productivity is response to grain plus cob, or grain plus stover compared to grain only harvest. Resources in this dataset:Resource Title: GeoData catalog record. File Name: Web Page, url: https://geodata.nal.usda.gov/geonetwork/srv/eng/catalog.search#/metadata/fe5f312c-e9ad-4485-b5f9-7897f5bcd9f6

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Potash Market Size 2025-2029

The potash market size is forecast to increase by USD 16.82 billion at a CAGR of 4.9% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the increasing demand for fertilizers to support global agriculture production. This trend is further bolstered by the expansion of potash production capacity, particularly in key producing regions such as Canada and Russia. However, the market is not without challenges. The high price of SOP (Sulfate of Potash) fertilizers, a crucial potassium-containing fertilizer, poses a significant obstacle for farmers and fertilizer manufacturers alike. This dynamic creates both opportunities and challenges for market participants. Companies that can effectively manage production costs and optimize supply chain logistics are well-positioned to capitalize on the growing demand for potash fertilizers. Additionally, those that can innovate and develop more cost-effective alternatives to SOP, such as MAP (Monoammonium Phosphate) or DAP (Diammonium Phosphate) potassium-containing fertilizers, may gain a competitive edge in the market. Overall, the market presents both opportunities and challenges for investors and industry participants. Companies that can navigate these dynamics effectively, while maintaining a focus on innovation and cost management, are likely to thrive in this dynamic market landscape.

What will be the Size of the Potash Market during the forecast period?

Request Free SampleThe market is a significant segment of the global agricultural industry, supplying essential minerals for optimal crop growth and food production. This market caters to various agricultural sectors, focusing on essential crops such as soybeans, wheat, and corn. Potash, primarily available in the forms of potassium chloride (muriate of potash or MOP) and sulfate of potash, plays a crucial role in soil fertility enhancement, contributing to increased food demand due to rising population growth and the need for higher crop yields. Precision agriculture and the adoption of high-performance fertilizers, including NPK (nitrogen, phosphorus, and potassium) fertilizers, have further boosted market growth. Organic farming and the demand for potassium nitrates and potassium chlorides are also driving market expansion. The agricultural sector's continuous investment in improving crop productivity and animal feed production further underscores the importance of the market.

How is this Potash Industry segmented?

The potash 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. End-userFertilizersGeneral industrialOthersProductMuriate of potashSulfate of potashPotassium nitrateOthersGeographyAPACChinaIndiaJapanSouth KoreaNorth AmericaUSCanadaEuropeGermanyRussiaSouth AmericaBrazilMiddle East and Africa

By End-user Insights

The fertilizers segment is estimated to witness significant growth during the forecast period.The market is primarily driven by its application in the agriculture sector, particularly for the production of potash-based fertilizers. These fertilizers offer numerous benefits to plants, including improved crop yields, enhanced resistance to diseases, and better root strength. Potassium, the primary component of potash, is essential for various plant processes, including photosynthesis and nutrient uptake. Potassium chloride, muriate of potash, sulfate of potash, potassium nitrate, and potassium sulfates are common forms of potash used in agriculture. The benefits of potash extend to high-value crops, horticulture, greenhouse farming, and sustainable farming practices. Potash fertilizers are also used in the production of food crops, essential crops, and cereals and grains, contributing to food security and crop productivity. Agricultural investments in precision agriculture and sustainable farming further fuel the demand for potash-based fertilizers. Potash is a critical nutrient source for both food production and cattle feed, making it an essential input for agricultural industries. Potassium chlorides, potassium sulfates, and solid and liquid potash fertilizers are used through various application methods, including foliar application, fertigation, broadcasting, and cereals and grains. The market for potash-based fertilizers is expected to continue growing due to the increasing demand for high-performance fertilizers and the need to address the challenges of climatic conditions and heavy metals in fertilizers. Potash is an integral part of fertilizer mixes and is used in the production of chlorine-free fertilizers to meet the requirements of various agricultural sectors and food production.

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The Asia-Pacific dairy & soy food sector is forecast to grow from US$128,459.2 million in 2018 to US$167,675.4 million in 2023, registering a CAGR of 5.5%. Milk was the largest category in the Asia-Pacific dairy & soy food sector, followed by drinkable yogurt and cheese. Inner Mongolia Mengniu Dairy Industry Co Ltd, Yili Group, Want Want China Holdings Limited, Meiji Holdings Co Ltd and GCMMF are the leading companies, accounting for 24.1% value share in 2018. Private Label products accounted for a value share of 4.1% in the same year. Hypermarkets & supermarkets is the largest distribution channel in the Asia-Pacific dairy & soy food sector followed by convenience stores and food & drinks specialists. Flexible packaging was the most commonly used pack material in the Asia-Pacific dairy & soy food sector, accounting for 36.8% of the overall sales in 2018. Read More

The global Blended Soy Sauce Market is projected to reach a significant market size by 2033, exhibiting a robust CAGR during the forecast period (2025-2033). Valued at millions of US dollars in 2025, the market is anticipated to register a steady value growth over the coming years. The market growth is primarily driven by the increasing demand for blended soy sauce from the food processing industry and catering services, as well as its growing popularity as a household condiment. Key market drivers include the rising popularity of Asian cuisine globally, the health benefits associated with soy sauce consumption, and the growing consumer preference for natural and organic food products. On the other hand, the market growth may be restrained by factors such as intense competition from established brands, the availability of substitutes, and the fluctuation in soybean prices. The market is segmented based on application (household, catering service industry, food processing), type (dark soy sauce, light soy sauce), and region (North America, Europe, Asia Pacific, Middle East & Africa, South America). Asia Pacific is anticipated to dominate the global blended soy sauce market, followed by North America and Europe.

This statistic reflects the total acreage of genetically modified crops of the leading countries from 2015 to 2019. In 2019, the United States planted 71.5 million hectares of biotech crops. Their biotech crops include maize, soybean, cotton, canola, sugar beet, alfalfa, papaya, squash and potato.

Genetically modified crops

Genetic modifications of crops are done for many reasons, for example, to attain desirable traits or to make crops resistant to pests or herbicides. Since 2003, the acreage of genetically modified crops has generally been increasing. Globally, soybeans and corn are the most commonly adopted biotech products.

U.S. Genetically modified crop production

From 2018 to 2020, herbicide tolerant soybeans made up 94 percent of the total soybean crop acreage in the United States. Some types of genetically modified cotton and corn made up more than three quarters or the total acreage as well. As of 2019, there were about 30.43 million hectares of genetically modified soybeans in the U.S., but this is a slight decrease from the previous year.

This dataset links to a data download from the Daymet website. Data parameters are Latitude: 34.2547 Longitude: -89.8735 X & Y on Lambert Conformal Conic: 897941.75 -822030.73; Tile: 11206; Elevation: 91 meters; Years: 1980-2014. Archived and distributed through the Oak Ridge National Laboratory Distributed Active Archive Center (ORNL DAAC), the Daymet dataset for Goodwin Creek provides gridded estimates of daily weather parameters for North America, including daily continuous surfaces of minimum and maximum temperature, precipitation occurrence and amount, humidity, shortwave radiation, snow water equivalent, and day length. The Goodwin Creek site is located in the Bluff Hills, just east of the Mississippi River valley. In addition to being a core AmeriFlux site, Goodwin Creek is affiliated with a multitude of other projects including Surface Radiation (SURFRAD), Baseline Surface Radiation Network (BSRN), and is one of twelve USDA Conservation Reserve Program watersheds. Natural disturbances are of minimal influence to the site. The immediate region is primarily used for grazing while infrequent logging activities occur in nearby forests. The grass surrounding the base of the tower is mowed periodically to maintain a height consistent with the regional grasslands.

Daymet is supported by funding from NASA through the Earth Science Data and Information System (ESDIS) and the Terrestrial Ecosystem Program. The continued development of the Daymet algorithm and processing is also supported by the Office of Biological and Environmental Research within the U.S. Department of Energy's Office of Science. Resources in this dataset:Resource Title: GeoData catalog. File Name: Web Page, url: https://geodata.nal.usda.gov/geonetwork/srv/eng/catalog.search#/metadata/GoodwinCreek_eaa_2015_March_17_1633

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Ruminant Feed Market Size 2024-2028

The ruminant feed market size is forecast to increase by USD 29.2 billion at a CAGR of 4.6% between 2023 and 2028.

The market is experiencing significant growth due to several key factors. One of the primary drivers is the rising concerns over cattle health, leading farmers to invest in high-quality feed to ensure optimal animal growth and productivity. Another trend influencing the market is the increasing demand for meat products, particularly in North America, as consumers continue to prioritize protein-rich diets. Additionally, shifting consumer preferences towards vegan and plant-based food options are posing challenges to the market, necessitating the development of alternative feed sources for ruminants. Overall, these trends and challenges create a dynamic market environment, requiring continuous innovation and adaptation from feed manufacturers and suppliers.

What will be the Size of the Ruminant Feed Market During the Forecast Period?

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The market caters to the nutritional requirements of ruminant animals, including cattle, sheep, and goats, which are raised primarily for meat and milk production. Feed technologies play a significant role in enhancing feed efficiency, animal health, and sustainability. These technologies focus on optimizing the use of raw materials, such as grains and soybeans, as protein sources, as well as vitamins, minerals, fats, and other essential nutrients. Weather conditions and geopolitical events significantly impact the market, influencing the availability and pricing of raw materials. Livestock producers strive to maintain a cattle health routine and adhere to regulatory standards to ensure the quantity and quality of milk and meat production.
Animal health remains a top priority, with a focus on preventing diseases and minimizing their impact on productivity. The market is subject to the fluctuations of commodity markets, with the prices of grains, soybeans, and other feed ingredients influencing the overall market dynamics. The industry's focus on sustainability and animal welfare continues to gain importance, driving the adoption of innovative feed solutions and production methods. Food and Agriculture Organization (FAO) reports indicate that ruminant farming contributes approximately 14.5% of global greenhouse gas emissions, making the need for sustainable feed solutions increasingly critical.

How is this Ruminant Feed Industry segmented and which is the largest segment?

The ruminant feed industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Animal Type

  Dairy cattle
  Beef cattle
  Others


End-user

  Dairy farm
  Veterinary hospitals
  Others


Geography

  APAC

    China


  Europe

    Spain


  North America

    US


  South America

    Brazil


  Middle East and Africa

By Animal Type Insights

The dairy cattle segment is estimated to witness significant growth during the forecast period.

Ruminant animals, including cattle, water buffalo, goats, and sheep, are essential for the production of various dairy products, such as milk, cheese, butter, yogurt, and more. These animals require specialized feed to maintain optimal health and productivity. The global market for ruminant feed is primarily driven by the dairy industry, which demands high-quality feed to ensure efficient milk production and animal health. Feed technologies, such as precision nutrition and functional feed additives, play a crucial role in improving feed efficiency and animal welfare. Sustainability, regulatory standards, and animal health are key considerations for feed producers.

Major raw materials include grains, soybeans, and protein sources, while weather conditions and geopolitical events can impact supply and demand. Livestock producers invest heavily in cattle healthcare to ensure productivity and outcome, focusing on disease prevention and treatment. The Food and Agriculture Organization emphasizes the importance of nutritious feed in maintaining livestock health and contributing to agriculture output, food security, and food safety.

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The dairy cattle segment was valued at USD 48.60 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 45% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The Asia Pacific region holds the largest share

The United States had the largest area of genetically modified crops worldwide in 2023, at 74.4 million hectares, followed by Brazil with a little over 66.5 million hectares. Genetically Modified Crop Market In terms of acreage, the most commonly genetically modified crops are soybeans, corn, cotton, and canola as of 2019. In that year, 13.5 percent of all the cotton grown worldwide was genetically modified. The same was true for 48.2 percent of all soybean plants. Because genetic modifications are proprietary, the market for genetically modified seeds and pesticides is heavily concentrated between a few major companies. Monsanto, the biggest player in the genetically modified crop market based on revenue. Consumer Views on Genetically Modified Food Genetically modified foods are very common in the United States. Genetically modified organisms are a controversial topic in the United States, with 39 percent of U.S. consumers believing that genetically modified food is less healthy than non-genetically modified food. The overwhelming majority of U.S. consumers believe that products containing GMOs should be labeled as such.

Soybean oil had the highest level of consumption of any edible oil in the United States in 2023. In 2024, Americans consumed about 12.51 million metric tons of soybean oil, compared to about 1.8 million metric tons of palm oil. Soybean cultivation The United States, Brazil, and Argentina are the top three producers of soybeans in the world as of the 2021/2022 crop year. Soybean production in the United States amounted to around 4.2 billion bushels in 2023, up from approximately 3.5 billion bushes in 2019. Most of the U.S. states with the highest volume of soybean production are located in the Midwest, with Illinois, Iowa, and Minnesota topping the list for soybean production within the United States. Edible oil exports Although soybean oil is the most consumed type of edible oil in the United States, the export volume of palm oil is the highest of any type of vegetable oil. Palm oil is commonly used in beauty products, processed snack foods, among other everyday items. Indonesia and Malaysia are the top two exporters of palm oil as of 2022/2023.

The size of the Textured Vegetable Protein Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 4.61% during the forecast period. The textured vegetable protein (TVP) market encompasses the global production and distribution of protein-rich, plant-based ingredients made primarily from soybeans, but also from other sources like wheat, peas, and lentils. TVP, also known as textured soy protein, is created by extracting soy flour or soy protein concentrate and subjecting it to a process that gives it a meat-like texture, making it an ideal meat substitute. It is widely used in vegetarian and vegan foods as well as in processed food products for extending or replacing meat. The market for TVP has seen significant growth in recent years, driven by increasing consumer awareness of plant-based diets, environmental sustainability, and ethical concerns surrounding animal agriculture. Health-conscious consumers are gravitating towards TVP for its high protein content, low fat, and cholesterol-free properties, making it a preferred ingredient in the food industry. It is commonly used in products like plant-based burgers, sausages, chili, and ready meals, where it mimics the texture of meat. Recent developments include: June 2023: Roquette Freres announced the opening of Roquette’s Food Innovation Center to provide formulators with a large range of capabilities, including technical and R&D support, cutting-edge equipment, labs and scale-up testing with an ultimate goal of fostering innovation and to accelerate the go-to-market of new products.May 2023: Univar Solutions announced that it has partnered with ICL’s Rovitaris textured plant proteins in North America. Through the agreement, Univar aims to expand plant-based protein options for food ingredients customers in the US and Canada.May 2023: Bunge Limited formed a strategic alliance with Nutrien Ag Solutions, the retail division of Nutrien Ltd., to support U.S. farmers in the implementation of sustainable farming practices in order to increase production of low carbon products.. Key drivers for this market are: Rising Health and Wellness Trends Drives the Market, Rising Demand for functional Food Drives the Market. Potential restraints include: High Competition from Other Protein Sources. Notable trends are: Increased vegan and vegetarian populations propelling the market growth.

This statistic shows the worldwide production of grain in 2024/25, sorted by type. In that year, worldwide wheat production came to about 793.24 million metric tons. The most important grain was corn, based on a production amount of over 1.2 billion metric tons. Grain Humans have been harvesting the small, dry seeds known as grain for thousands of years. The two main categories of grains are cereals, such as wheat, rye, and corn, and legumes, such as beans, lentils, peanuts and soybeans. Many grains are capable of being stored for long periods of time, easily transported over long distances, processed into flour, oil, and gas, and consumed by animals and humans. Most grain in the U.S. is used as animal feed, while slightly less is converted into ethanol. The smallest portion is consumed by humans. There has been recent debate about the health and ethics of grain feeding animals such as cows, goats, and sheep, animals biologically better suited to consuming grass. Though more cost effective than grass feeding, some argue this practice has an adverse effect on the quality of the meat as well as on the health of the animal and the consumer. The use of grains in producing ethanol has increased significantly in recent years. Global ethanol production has tripled since the year 2000. Ethanol is a semi-renewable energy formed by the fermentation of a feedstock, often sugar cane or corn cobs. It can be mixed with gasoline and used as motor vehicle fuel. This hybrid motor fuel emits fewer pollutants than standard gasoline.

India consumed an estimated volume of over six million metric tons of soybean meal in fiscal year 2023. There was a consistent increase in the quantity of domestic consumption since fiscal year 2016. Soybean meals were used mainly in food and animal feeds as a protein supplement. Soybean exports from India had increased in the previous year owing to the Iran's markets opening up as a result of U.S. sanctions.