Global Organic Soybean Market Overview:
Organic soybeans are whole soybeans grown without the use of synthetic pesticides, fertilizers or other chemicals. They are often grown in rotation with other crops to maintain healthy soil and reduce erosion. Organic soybeans are an excellent source of dietary fiber, protein, vitamins and minerals. They can be eaten as a whole food or processed into a variety of products such as tofu, tempeh, and soy milk. Growing awareness of benefits of consuming organic foods. This is driving the growth of the organic soybean market.
|Unit||Value (USD Million)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
Rising Acceptance by Consumers for Plant-Based Meat Substitutes
Market Growth Drivers:
Increasing Demand for Organic Food Due to Growing Awareness of the Benefits of Consuming Organic Foods., Growing Popularity of Veganism and Vegetarianism amongst Young People and Rising Demand for Non-GMO Organic Soybeans to Meet Customer Preference
Limited Availability of Organic Soybean Seeds and Challenges Associated with Organic Cultivation Techniques
Price Priminum Associated with Organic Goods
Rising Need for Expansion of Distribution Channels, Including E-Commerce Platforms
Organic Soybean is a fragmented market due to the presence of a large number of established competitors. The key players focus on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions to help them sustain themselves in the market and maintain their competitive edge.
Some of the key players profiled in the report are SunOpta (Canada), The Hain Celestial Group (United States), Pulmuone (South Korea), Grain Millers Inc. (United States), Adams Grain Co. Inc. (United States), Simmons Grain (United States), Zeeland Farm Services, Inc. (United States), Korin (United States), Ashapura Agrocomm Private Limited (India) and Montana Flour & Grains (United States). Considering Market by Product Type, the sub-segment i.e. Soynuts will boost the Organic Soybean market. Considering Market by Soybeans Type, the sub-segment i.e. Yellow Soybeans will boost the Organic Soybean market.
Latest Market Insights:
In April 2021, SunOpta Inc., a leading health food and beverage company focused on plant-based and fruit-based foods and beverages, acquired the Dream and WestSoy plant-based beverage brands from Hain Celestial Group, Inc. The acquired brands are added to SunOpta's plant-based food and beverage segment, further accelerating the growth of this competitively competitive business.
In February 2023, Stable, a provider of technology-based commodity price risk management solutions, announced the first Organic Soybean Meal Hedge. With Stable's price risk management tool and Fastmarkets' unique combination of organic and non-GMO indices, producers and consumers can choose organic grains and oilseeds to reduce the range of possible consequences of sudden price fluctuations.
What Can be Explored with the Organic Soybean Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Organic Soybean Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Organic Soybean
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Organic Soybean market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Organic Soybean market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Organic Soybean Manufacturer, Retailer and Supplier, Government Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.