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 | Nov 2015

Spill the beans: Competition from foreign producers threatens industry growth

IBISWorld’s Soybean Farming market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Annual Growth 10-15
Annual Growth 15-20
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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 also battling volatile planting conditions. 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 SWOT Analysis Chapter

The Energy Independence and Security Act of 2007 and the Food, Conservation and Energy Act of 2008 revived this 200-year-old industry. Over the past 10 years, the Soybean Farming industry has been able to ride on the coattails of ethanol and biodiesel manufacturers as they quickly scaled up to meet the biofuel goals set by Congress. As a result, soybean prices skyrocketed and revenue soared. These factors effectively increased the industry's contribution to the economy as measured by industry value added (IVA). However, gains were offset by falling soybean prices that began in 2013 and are expected to continue through 2015... 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

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