Global Non-GMO Soybean Market Size By Product Type (Non-GMO Whole Soybeans, Non-GMO Soybean Meal, Non-GMO Soybean Oil), By End-User (Food and Beverage, Animal Feed, Industrial), By Geographic Scope And Forecast
Published on: 2024-08-02 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Non-GMO Soybean Market Size By Product Type (Non-GMO Whole Soybeans, Non-GMO Soybean Meal, Non-GMO Soybean Oil), By End-User (Food and Beverage, Animal Feed, Industrial), By Geographic Scope And Forecast
Non-GMO Soybean Market Size And Forecast
Non-GMO Soybean Market size was valued at USD 39264.54 Million in 2024 and is projected to reach USD 65558.76 Million by 2031, growing at a CAGR of 7.30% from 2024 to 2031.
- The Non-GMO Soybean Market covers the entire supply chain of soybeans, including cultivation, processing, distribution, and consumption of soybeans that are not genetically modified.
- These soybeans are cultivated using traditional breeding methods, without genetic modification, appealing to consumers who prioritize natural and organic products.
- Non-GMO soybeans are the major source of soy milk, a popular dairy replacement known for its high protein content and lactose-free characteristics. These vegetarian protein sources are derived from curdled soybeans and are commonly utilized in a variety of cuisines.
- Non-GMO choices appeal to consumers who prefer soybean products that are not genetically modified. Non-GMO soybean oil is a versatile cooking oil suitable for frying, baking, and salad dressings.
- Its neutral flavor and stability make it suitable for use in processed goods. Non-GMO soybeans are utilized in the manufacturing of traditional Asian fermented foods such as miso, natto, and tempeh, which provide distinct flavors and health advantages.
Global Non-GMO Soybean Market Dynamics
The key market dynamics that are shaping the global non-GMO soybean market include
Key Market Drivers
- Public Awareness and Demand The surge in demand for non-GMO products, especially soybeans, is due to increased public awareness of the possible health and environmental dangers connected with genetically modified organisms (GMOs). Consumers are increasingly seeking non-GMO food options due to concerns about potential health risks and environmental consequences associated with GMOs.
- Regulatory Landscape Changes in legislation and labeling requirements for GMO products have a substantial impact on the non-GMO soybean industry. Stringent rules or labeling standards that require explicit identification of GMO substances may impact demand for non-GMO alternatives.
- Health and Nutritional Trends The growing market for non-GMO soybeans reflects consumers’ demand for natural, organic, and healthier food options. Non-GMO soybeans are preferred by health-conscious consumers due to their perceived naturalness and health benefits over GMO versions.
- Concerns about sustainability Non-GMO soybean growing is frequently associated with ecologically beneficial farming techniques such as pesticide reduction and biodiversity conservation. Consumers’ concerns about ethical food production and environmental sustainability fuel demand for non-GMO soybeans.
- Export OpportunitiesNon-GMO soybeans are gaining popularity in overseas markets due to restrictions or bans on GMO products in some nations. Global trade dynamics and export potential are critical factors in boosting demand for non-GMO soybeans.
- Food Industry Preferences Food producers, distributors, and manufacturers may prefer non-GMO soybeans to meet consumer demand and distinguish themselves in the market. Businesses choose non-GMO sourcing when it aligns with their customer preferences, marketing tactics, or corporate principles.
- Supply Chain Transparency As the emphasis on supply chain traceability grows, businesses are increasingly choosing non-GMO soybeans to maintain product integrity, comply with labeling rules, and get GMO-free certifications.
- Price Premiums Non-GMO soybeans are generally more expensive than traditional or GMO types, motivating farmers to grow them. Price premiums are affected by perceived value, supply dynamics, and market demand for non-GMO characteristics.
Key Challenges
- Higher Costs Non-GMO soybeans are generally more expensive than typical GMO cultivars, which may deter some budget-conscious buyers.
- Limited Availability Non-GMO soybeans may be less widely available than genetically modified soybeans due to lower yields or fewer acres committed to non-GMO production.
- Yield Variability Non-GMO soybeans may have yield swings when compared to GMO varieties, which can be influenced by factors such as pest and disease susceptibility, discouraging farmers from using non-GMO types.
- Supply Chain Challenges Maintaining the non-GMO status of soybeans along the supply chain necessitates specialized handling and processing, which increases complexity and costs, preventing certain market participants from using non-GMO beans.
- Contamination RiskNon-GMO soybeans may come into contact with GMO types during many stages of production, including planting, harvesting, and processing. Rigorous testing and adherence to demanding process criteria are required to maintain the integrity of non-GMO soybeans, which can increase prices and logistical issues.
- Regulatory Uncertainty The regulatory regimes governing GMOs and non-GMOs differ among areas and countries, providing possible hurdles or uncertainties for the non-GMO soybean industry and influencing supply and demand dynamics.
Key Trends
- Predictive AnalyticsPredictive analytics involves forecasting equipment failures, consumer attrition, and operational bottlenecks before they occur. This allows for proactive maintenance and mitigation methods to be adopted.
- Automated Insights and Fundamental Cause Analysis Automatically analyzing large datasets to identify the fundamental causes of problems, saves time and resources often spent by human analysts.
- Automatic Updates and SecurityPrescriptive analytics proposes ideal action plans based on historical data and real-time insights, allowing businesses to make informed, data-driven decisions that improve performance and efficiency.
- Scalability & Cost-Effectiveness Cloud solutions provide on-demand scalability, allowing for fluctuating data quantities without requiring large upfront expenditures in physical infrastructure.
- Accessibility and Remote Collaboration Cloud solutions provide seamless access to data and analytics from any place, promoting collaboration among teams and stakeholders across borders.
- Automatic upgrades and SecurityCloud providers handle software upgrades and security measures, ensuring that customers get the most recent features and solid data protection without the need for manual intervention.
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Global Non-GMO Soybean Market Regional Analysis
Here is a more detailed regional analysis of the global non-GMO soybean market
North America
- North America is significantly dominating the non-GMO soybean market and is expected to continue its growth throughout the forecast period. Soybeans are widely utilized in medicinal products, often in powdered or oil form.
- The health-conscious population in this region values soybean’s protein-rich properties and frequently incorporates it into their diets. Additionally, North Americans, known for their fitness-oriented lifestyles, favor soybean drinks as part of their wellness routines.
- In North America, there is a strong emphasis on data-driven decision-making across a variety of businesses. Businesses throughout the region recognize the importance of non-GMO soybeans in reducing operations and improving overall performance.
- Furthermore, North America is home to several well-known non-GMO soybean solution providers, whose presence contributes to regional market growth.Furthermore, North America has a technologically competent workforce, with a sizable proportion capable of incorporating technology into their daily operations.
- This familiarity with technology promotes the adoption and successful use of non-GMO soybean tools by firms in the region.
- As a result, North America continues to be a prominent hub for non-GMO soybean innovation and implementation, thanks to its technologically adept workforce and rich network of solution suppliers.
Asia Pacific
- Asia Pacific is expected to be the fastest-growing region during the forecast period, owing to its huge population and widespread consumption of soybean-derived vegetable oils.
- Soybean oil stands out as an economically viable alternative to other oils, which contributes to its widespread use in the region.
- Furthermore, an increased understanding of protein-rich foods has fueled customer demand for herbal protein-based items, such as non-GMO soybean oil, beverages, and meals.
- Furthermore, non-GMO soybeans are in high demand since they are used as a protein supplement in animal feed, which promotes livestock growth and development.
- As a result, livestock farmers are increasingly favoring non-GMO soybeans for feed, which is helping to expand the non-GMO soybean market in Asia-Pacific.
Global Non-GMO Soybean MarketSegmentation Analysis
The Global Non-GMO Soybean Market is segmented based on Product Type, End-User, And Geography.
Non-GMO Soybean Market, By Product Type
- Non-GMO Whole Soybeans
- Non-GMO Soybean Meal
- Non-GMO Soybean Oil
Based Product Type, the market is segmented into Non-GMO Soyabean Meal, Non-GMO Oil, and Non-GMO Whole Soybeans. Non-GMO Whole Soybeans segment is significantly dominating the Non-GMO Soybean Market. Soybeans are primarily used in the manufacturing of soy oil, especially in the culinary sector, due to their non-GMO or organic properties. Non-GMO soybean oil is widely consumed worldwide, with rising demand caused by a variety of variables. Its popularity as a culinary oil is due to abundant and consistent supplies, competitive pricing, neutral flavor, and stability in both unhydrogenated and partially hydrogenated forms. Furthermore, the growing need for sophisticated feed formulations drives up the demand for soy oil in the manufacturing of soy meal for animal feeds.
Non-GMO Soybean Market, By End-User
- Food and Beverage
- Animal Feed
- Industrial
Based on End-User, the Non-GMO Soybean Market is bifurcated into Food and Beverages, Animal Feed, and Industrial. The Food and Beverage segment is experiencing significant growth in the Non-Non-GMO Soybean Market. The food and Beverage segment benefits from a larger consumer base, driven by the widespread demand for food products, particularly those accommodating dietary restrictions or preferences for non-GMO ingredients. This broad consumer appeal significantly expands the potential market for non-GMO soybeans utilized in food applications. The increasing consumer awareness regarding the potential health and ethical benefits associated with non-GMO food products. This heightened consciousness fuels the demand for non-GMO soybeans as a crucial ingredient in various food and beverage offerings.
Non-GMO Soybean Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
Based on Geography, the Global Non-GMO Soybean Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is significantly dominating the non-GMO soybean market and is expected to continue its growth throughout the forecast period. Soybeans are widely utilized in medicinal products, often in powdered or oil form. The health-conscious population in this region values soybeans’ protein-rich properties and frequently incorporates them into their diets. Additionally, North Americans, known for their fitness-oriented lifestyles, favor soybean drinks as part of their wellness routines.
Key Players
The “Global Non-GMO Soybean Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Environmental Systems Research Institute Inc., AmaggiYuwang Group, Puris Proteins, Primavera Food, Sojaprotein, Grain Millers, Inc., Clarkson Grain Company, Espartina S.A., Sinograi, among others.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Non-GMO Soybean Market Recent Developments
- In August 2020, Cargill Inc. announced a strategic partnership with Agrofel Group, a Brazilian soybean processor.
- In June 2020, Bunge Ltd. Announced a strategic agreement with Moema Group, a Brazilian soybean processor.
- In April 2020, Archer Daniels Midland Company announced a strategic collaboration with Imcopa, a Brazilian soybean processor.
Report Scope
REPORT ATTRIBUTES | DETAILS |
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STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Million) |
KEY COMPANIES PROFILED | Environmental Systems Research Institute Inc., AmaggiYuwang Group, Puris Proteins, Primavera Food, Sojaprotein, Grain Millers, Inc., Clarkson Grain Company, Espartina S.A., Sinograi, among others. |
SEGMENTS COVERED |
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CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support
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