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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 | Mar 2014

Spill the beans: Revenue will stay solid, but competition from foreign producers threatens growth

The Soybean Farming market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$38bn
Annual Growth 09-14
1.7%
Annual Growth 14-19
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Profit
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Employment
254,531
Businesses
220,215
Industry Analysis & Industry Trends

Although US soybean farmers have grown in the past five years, the industry will continue to face pressure from international operators. With Brazil expected to overtake the United States as the top provider of soybeans, domestic operators will continue to fight for profitability and market share, while battling volatile planting conditions as well. Additionally, as more Americans steer clear of processed foods, the industry will rely on demand from sectors like alternative fuels... 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 seedsProcessing waste
 
Industry Activities
Soybean farmingSoybean seed production


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