Global Non-GMO Soybean Market

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 News

  • 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.

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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 competitive environment of the 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. 'Grain Millers, Inc.', 'World Food Processing, LLC & B', 'Zeeland Farm Services, Inc.', ' Sans Inc.', 'Laura Soybeans', 'Divine Soya & Agro Food', 'Vantage Organic Foods Private Ltd.', 'Granos AG Co.', 'TPK Varna, LLC', 'NOWAKO AS', ' Eurofit', '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'

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.

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.

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.

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Global Non-GMO Soybean Market

Report ID: SQMIG30C2115

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