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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

IBISWorld’s Soybean Farming market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Analysis Chapter

Much of the revenue growth occurring over the past five years can be attributed to rising soybean prices. This trend is not unique to soybeans but is rather part of a general increase in the price of commodities, including minerals and metals. What appeared to be a one-time surge in 2007, has remained a market characteristic of this industry. Soybean prices have not dipped below $9.00 per bushel since 2008 and have jumped well above $11.00 per bushel since 2010.

According to the US Department of Agriculture (USDA), sluggish growth in agricultural outputs in the previous decade, combined with larger populations and incomes in developing countries, set the stage for the price increases... 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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