China is the largest legume-consuming country in the world. Legumes such as soy are the main input in commonly used domestic cooking oils and bean products. Moreover, China is the fourth-largest producer of legumes in the world with 97.1 billion square meters of planting area in 2016. Over the past five years, revenue for the Legume Growing industry in China has been rising 4.4% annually, from $12.2 billion to $15.2 billion in 2017.As the legume yield per unit is not high and large quantities of imports have lowered domestic legume prices, many farmers have reduced their legume planting areas in favor of more profitable crops, such as corn. Legume imports have decreased from $37.3 billion in 2012 to an estimated $35.6 billion in 2017...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies

Industry Report - Industry SWOT Analysis Chapter

In the decade to 2022 industry value-added is expected to rise at an annualized rate of 4.9%, much slower than China's expected GDP growth of 6.5% per year over the same period.Legume output in China has slightly increased in recent years, from 17.3 million tons in 2012 to an estimated 18.7 million tons in 2017, at an annualized rate of 1.6%. Mainly due to lower profitability, more legume farmers are switching to other crops such as cotton and corn. The number of legume growing enterprises and industry employees has been falling and are expected to continue falling over the next five years. Domestic legume growing is also subject to intense competition from lower-priced imports...purchase to read more.

Additional Insights for the Legume Growing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Legume Growing Industry are

  • Effective cost controls
  • Use of specialized equipment and facilities
  • Appropriate physical growing conditions
  • IBISWorld analysts also discuss how external factors such as Downstream Demand - Food Manufacturing and Domestic Goods Prices - Agricultural - Crops in the Legume Growing industry impact industry performance..

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    What's in this report

    What is the Legume Growing Industry?

    The Legume Growing industry in China grows soybeans, peas, green beans, and other types of legumes.

    Industry Products
  • Soybeans
  • Broad beans
  • Mung beans
  • Peas
  • Industry Activities
  • Planting and harvesting soybeans
  • Planting and harvesting other kinds of beans (e.g. peas, green beans and broad beans)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Downstream Demand - Food Manufacturing
  • Domestic Goods Prices - Agricultural - Crops
  • Key Attitudinal Changes - Health Consciousness
  • Industry Systems and Technology - Agriculture
  • Weather Conditions

  • Current Performance
    Legume planting area and outputDownstream demandImports and exports
  • Chart: Revenue Growth

  • Industry Outlook
    Domestic demandImports and exportsEnterprises and employees
  • Table: Legume Growing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Legume Growing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Cooking Oil Production
  • Tofu & Bean Curd Production
  • Soy Sauce Production

  • Key Selling Industries
  • Chemical Pesticide Manufacturing
  • Farming Machinery Manufacturing
  • Nitrogenous Fertilizer Manufacturing

  • Products & Services
  • Soybeans
  • Broad beans
  • Mung beans
  • Peas
  • Other
  • Chart: Legume Growing Industry Products and Services Segmentation

  • Demand Determinants
  • Development of downstream food production industries
  • Import prices
  • Government policy assistance

  • Major Markets
  • Bean oil manufacturers
  • Bean product manufacturers
  • Soy Sauce
  • Exports
  • End consumers
  • Chart: Major Market Segmentation for the Legume Growing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Rent and utilities
  • Depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Legume Growing

  • Basis of Competition
  • Production costs
  • Product quality
  • Relationships with downstream buyers
  • Government support
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Legume Growing Industry

  • Industry Globalization
    Beidahuang Group,
  • Table: Beidahuang Group - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Legume Growing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Legume Growing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)
  • Output (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Genetically Modified
  • Where specific changes are introduced into a plant or animal's DNA by genetic engineering techniques. The most commonly modified foods include soybean, corn and canola.
  • Mu
  • Chinese unit of measurement equivalent to about 666.67 square meters or 0.165 acres.
  • Pesticide
  • A chemical applied to crops to kill pests.
  • Yield
  • The amount of legumes produced per acre of land. For soybeans, this is measured in bushels per acre.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Legume Growing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Legume Growing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Legume Growing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Legume Growing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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