USD 32,998.89 million
Non-GMO Soybean Market Size, Share, Growth Analysis, By Type(Plain Non-GM Soybeans, RTRS-Certified Non-GM Soybeans, Organic Non-GM Soybeans), By Application(Animal Feed, Human Consumption, Others, soybean oil), By Product(Crush Soybean, Whole Soybean), By End-Users(Domestic, Industrial, Commercial, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30C2115 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
119
|Figures:
77
Non-GMO Soybean Market Insights
Global Non-GMO Soybean Market size was valued at USD 32,998.89 million in 2022 and is poised to grow from USD 34,007.11 million in 2023 to USD 44,062.37 million by 2031, growing at a CAGR of 7.3% in the forecast period (2024-2031).
The forecast period anticipates a notable surge in consumer awareness regarding labeling laws and product quality, notably propelling the demand for non-GMO soybeans.
This growing consumer knowledge is a driving force behind the escalating preference for non-GMO soybeans, indicated by an exponential rise in demand and the accompanying premium on these products. Non-GMO soybeans, distinguished by their absence of genetic modification, are gaining traction due to their inherent advantages over genetically modified counterparts, drawing attention for their natural origins.
This growing market for non-GMO soybeans is bolstered by the expanding cultivation of these beans and the favorable profit margins offered by soybean products.
As a result, the non-GMO soybean industry is witnessing robust growth, a trend expected to persist owing to the rising demand and the distinctive advantages offered by these natural, unmodified soybeans.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
soybean meal
Fastest Growth
Growth Rate
7.3% CAGR
Global Non-GMO Soybean Market ($ Bn)
Country Share for North America Region (%)
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Non-GMO Soybean Market Segmental Analysis
The global non-GMO soybean market is segmented into three major segments i.e. by type, application and region. Based on type the market is segmented as, plain non-GM soybeans, RTRS-certified non-GM soybeans, organic Non-GM soybeans. Based on application the market is segmented as, animal feed, human consumption, others. Based on end-users the market is segmented as, domestic, industrial, commercial, others. Based on region the market is segmented as, North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
Analysis by Application
The soybean oil segment commands the largest market share and is poised to exhibit a robust CAGR of 8.57% throughout the forecast period. Non-GMO Soybean finds extensive application in the production of soy oil, particularly in the edible oil category, owing to its natural, non-genetically modified, or organic nature. The global consumption of Non-GMO soy edible oil remains notably high, driven by its inherent qualities.
The soybean meal segment plays a pivotal role within the non-GMO soybean market, representing a vital byproduct derived from the crushing process of soybeans. This segment holds immense significance, notably in animal feed production across various industries. Renowned for its richness in protein and essential amino acids, soybean meal serves as a fundamental source of nutrition for livestock, poultry, and aquaculture. Its high protein content renders it indispensable in formulating well-rounded and nourishing diets for animals, contributing significantly to their growth, development, and overall health.
Analysis by Product
The crush soybean segment stands as the predominant force within the Non-GMO Market, anticipated to maintain its dominance throughout the forecast period. Soybeans, cultivated globally in accordance with varying climatic conditions, yield diverse types of soybean varieties available in the market. Over 85% of the world's soybean production is directed towards the crush segment, processing soybeans into vital derivatives like soy meal and oil.
The whole soybeans segment plays a crucial role in the non-GMO soybean market as a primary and versatile product within the soybean industry. Whole soybeans represent the unprocessed form of this agricultural commodity, retaining their natural state without undergoing extensive refining or extraction processes. This segment holds significance across various applications, serving both human and animal nutrition needs. Whole soybeans are a key ingredient in plant-based diets, offering a rich source of protein, essential amino acids, and other nutrients.
Global Non-GMO Soybean Market By Application
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Non-GMO Soybean Market Regional Insights
North America emerges as the foremost market for non-GMO soybean products, primarily harnessed for medicinal applications. The region extensively utilizes soybean in various medicinal formulations, whether in powdered or oil forms, owing to its perceived health benefits. The population in North America exhibits a heightened awareness and concern for health, leading to a notable preference for protein-rich food sources, including soybean protein, within their dietary choices.
The Asia-Pacific has experienced rapid growth driven by several factors. The region's increasing population, coupled with a growing inclination toward healthier lifestyles and a preference for organic products, has fueled a significant surge in demand for non-GMO soybeans.
Global Non-GMO Soybean Market By Region
- Largest
- Fastest
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Non-GMO Soybean Market Dynamics
Drivers
Growing Adoption of GMO Soybeans
- The rising adoption of GMO soybeans has been met with a parallel rise in consumer apprehension regarding the potential side effects associated with genetically modified crops. This growing dissent among consumers concerning GMO crops is poised to exert a positive influence on the market demand for non-GMO soybeans. As consumer awareness expands regarding the implications of GMO products, there's an increasing preference for non-GMO alternatives, particularly in the case of soybeans. Consequently, the cultivation of soybeans is gradually expanding, driven by this demand shift.
Restraints
Lack of Awareness Regarding the Benefits of Non-GMO Products
- The global non-GMO soybean market faces constraints in its growth trajectory primarily due to a lack of widespread awareness regarding the inherent advantages of Non-GMO products. This dearth of understanding among consumers about the benefits associated with non-GMO soybeans hampers their market expansion. The limited awareness inhibits consumer confidence and uptake of these products, creating barriers to their widespread adoption. As a result, despite the evident advantages of non-GMO soybeans—such as their natural cultivation process and absence of genetic modification—insufficient education and communication about these benefits curtail the market's potential growth.
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Non-GMO Soybean Market Competitive Landscape
The competitive environment of the global non-GMO soybean market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
- World Food Processing, LLC & B
- Laura Soybeans
- Divine Soya & Agro Food
- Vantage Organic Foods Private Ltd.
- Granos AG Co.
- TPK Varna, LLC
- NOWAKO AS
- AVI Agri Business Pvt., Ltd.
- Soya Trading S.L.
- FI Farm
- Green Snail Food Company Ltd.
- ACIASSYSTEM
- 2PRC
- EFOS
- Private Enterprise Victor & K
- Agro Olga
Recent Developments
-
In May 2023 Sevita introduced a high-oleic, non-GMO soybean cultivar. Sevita claims that high-oleic soybean oil variants are in great demand by international food companies and processors since their oil profile is comparable to that of olive or canola oils. It is believed to have longer oxidative stability than ordinary soybean oil, extending the shelf life of food products.
-
Breeder Direct introduced non-GMO soybeans to its existing offering in January 2023. With maturity levels ranging from 3.0 to 5.2, the 2022 soybean class performed exceptionally well in trials conducted this past year in a range of environments.
Non-GMO Soybean Key Market Trends
- Consumers' escalating emphasis on health, sustainability, and clean-label options has spurred a notable shift towards non-GMO alternatives, significantly impacting the food and agricultural industries. This trend is propelled by an increasing awareness of and concerns about potential health and environmental implications linked to genetically modified organisms (GMOs). Seeking transparency in their food sources, consumers actively seek assurances regarding the origins and composition of products, favoring those labeled as non-GMO. This preference for non-GMO soybeans, in particular, stems from perceived health benefits and a desire to support sustainable agricultural practices.
Non-GMO Soybean Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global non-GMO soybean market analysis reveals a dynamic marketplace with a number of standout trends and difficulties. The surge in consumer awareness pertaining to labeling regulations and product quality is poised to become a significant driver of market demand within various industries. This increasing awareness among consumers, particularly regarding the transparency of labeling regulations and the overall quality standards of products, is expected to exert a notable influence on purchasing behaviors. As consumers become more vigilant and informed about the ingredients, manufacturing processes, and origins of products, there's a growing preference for goods that align with their values and meet stringent quality benchmarks.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 32,998.89 million |
| Market size value in 2031 | USD 44,062.37 million |
| Growth Rate | 7.3% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Non-GMO Soybean Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Non-GMO Soybean Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Non-GMO Soybean Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Non-GMO Soybean Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Non-GMO Soybean Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Non-GMO Soybean Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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