SEARCH   
MEMBER LOGIN    

Soybean Farming in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Soybean Farming Market Research Report | NAICS 11111 | Apr 2016

Hill of beans: Competition from foreign producers threatens industry growth

IBISWorld’s Soybean Farming market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$35bn
Annual Growth 11-16
-0.3%
Annual Growth 16-21
Add to Cart
Profit
Add to Cart
Employment
103,567
Businesses
100,200
Industry Analysis & Industry Trends

The Soybean Farming industry experienced a volatile five years to 2016. Industry revenue grew immensely during the beginning of the period, lifted by skyrocketing oilseed prices. The rising demand for food from developing countries has supported industry exports, however the appreciating US dollar has kept exports steady. Meanwhile the rapid expansion of biofuel production spurred demand for soybeans at home. In addition, a surge in foreign inventory is responsible for the United States' declining share of global exports. During the next five years, soybeans are anticipated to maintain their position as the second-largest crop in the United States, behind corn... purchase to read more

Industry Report - Industry Products Chapter

Almost all soybeans within the United States are processed using a method called crushing. Crushing results in two products: the solid protein referred to as soybean meal and liquid soybean oil. For every hundred pounds of soybeans crushed, the average result is about 80 pounds of soybean meal, 19 pounds of soybean oil and a pound of waste. In terms of dollar value, oil can comprise as much as half of a soybean's value, although it makes up less of its bulk. The exact ratio fluctuates over time as market prices continually adjust.

Soybean meal

Soybean meal is the world's most important source of protein feed, providing more than two-thirds of the world supply... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Soybean Farming Industry?

Farms in this industry grow soybeans as their main crop. Soybeans are most often used in livestock feeds and vegetable oils, with a small but growing proportion being used in biofuel production. Establishments that sell soybean seeds to US farmers for growing crops are also included.

Industry Products
Soybean mealSoybean oilSoybean hulls
 
Industry Activities
Soybean farmingSoybean seed production


View Sample
Quote
Select Clients