Non- GMO Soybean Market By Type (Summer soybeans, Spring soybeans, and Other), By Application (Soybean oil, Soybean meal, Livestock feed, Food for human consumption, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI256019 | Publish Date: March 2024 | No. of Pages: 178

Global Non GMO Soybean Market Overview

Non- GMO Soybean Market was valued at USD 68.6 Billion in 2024 and is projected to grow at a CAGR of 3.30% to reach USD 92.4 Billion by 2034.

Non-GMO Soybean Market is a segment of the broader agricultural industry that focuses on the cultivation, production, and trade of soybeans that have not been genetically modified. Genetically modified organisms (GMOs) involve the alteration of an organism's genetic material, and in the context of soybeans, this often includes modifications to enhance traits like resistance to pests or herbicides.

 

Global Non GMO Soybean Market Drivers & Restraints

Drivers

Restrains

Consumer Awareness and Preference

Pest and Disease Susceptibility

Labeling Regulations

Supply Chain Complexity

Export Opportunities

Research and Development Costs

Organic and Sustainable Agriculture

Market Competition

Global Non GMO Soybean Market Segmentations & Regional Insights

Dividing this target market into segments:

Non- GMO Soybean Market is segmented based on Flower Type, Application and Region.

Form Insight

On the basis of Form, the target market is segmented into Goose liver, and Duck liver.

Application Insight

On the basis of Application, the target market is segmented into Direct consumption, and Food processing industry (FPI).

Regional Insights:

On region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

  • North America market is estimated to witness a significantly high revenue share over the forecast period due to rising investment and funding. In North American, the U.S. is a significant player in the Non-GMO Soybean Market, driven by consumer demand for non-GMO food products and a well-established market for organic and sustainable agriculture. The country has stringent labeling regulations, contributing to consumer awareness and preference for non-GMO soybeans.  
  • Asia Pacific market is estimated to witness a fastest revenue share over the forecast period. In Asia-Pacific region, China is a major consumer of soybeans, there is a growing demand for non-GMO soybeans, both for direct human consumption and as feed for the livestock industry. The country's food safety concerns and increasing consumer awareness contribute to the market growth.

Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Type – Summer soybeans, Spring soybeans, and Other

By Application – Soybean oil, Soybean meal, Livestock feed, Food for human consumption, and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.

Global Non GMO Soybean Market Competitive Landscape & Key Players

The key players operating the Non- GMO Soybean Market includes, Laurasoybeans, Grain Millers, Sojaprotein, World Food Processing, SB&B, Grain Millers, Zeeland Farm Services, Primavera, and Specialty Grains.

Global Non GMO Soybean Market Recent News

Recent Development:

  • In May 2023, Sevita launched non-GMO, high-oleic soybean variety. According to Sevita, because the oil profile of high-oleic soybean oil variants is similar to that of olive or canola oils, it is highly sought after by global food firms and processors. It is thought to have higher oxidative stability than regular soybean oil, which prolongs food goods' shelf lives.
  • In February 2022, Food technology company Benson Hill launched non-GMO soybean ingredients. High-protein soy flour, soy protein concentrate, texturized proteins for use in conventional soy protein applications, and plant-based protein substitutes are among the first products offered. The components come from exclusive ultra-high protein soybeans that Benson Hill grows. Compared to commercial soy protein concentrate, the ingredients are more sustainable because they have undergone less processing.

Global Non GMO Soybean Market Company Profile