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Soybean Farming in Canada: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Soybean Farming in Canada Market Research Report | NAICS 11111CA | May 2016

Cool beans: Growing demand and renewable energy targets will support continued growth

The Soybean Farming market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
5.6%
Annual Growth 16-21
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Profit
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Employment
8,877
Businesses
6,215
Industry Analysis & Industry Trends

The Soybean Farming industry in Canada has been immensely volatile throughout its history, but the five years to 2016 have been largely positive. The 2010 Renewable Fuels Regulations revived soybean farming, providing a new source of industry growth. Meanwhile, the export market has expanded, with imports increasingly meeting the needs of domestic soybean crushers. Furthermore, domestic ethanol production has indirectly helped the industry by diverting large quantities of corn away from the livestock feed market. The future for Canadian soybean farmers looks bright, as demand is anticipated to continue growing and renewable energy targets keep rising both domestically and internationally over the next five years... purchase to read more

Industry Report - Industry Products Chapter

Soybeans are used to make a diverse range of products, including tofu, soy milk, flour and livestock meal, as well as soaps, cosmetics, resins and other items. Soybean crops are processed using a method called crushing, which results in two products: the solid protein referred to as soybean meal and liquid soybean oil. Of the whole soybean, about 18.0% is made up of oil, which has both food and industrial uses. The voluminous remainder of the crushing process is soybean meal, which constitutes about 80.0% of a soybean by weight. The remaining 2.0% turns into a processing waste. In terms of dollar value, oil can make up as much as half of a soybean's value; however, this ratio fluctuates over time as market prices continually adjust... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Soybean Farming Industry?

This industry grows soybeans. Soybeans are most often used in livestock feed and vegetable oils, although a growing proportion of the crop is being used in biofuel production.

Industry Products
Soybean mealSoybean oilOther soy productsSoybean seeds
 
Industry Activities
Soybean farmingSoybean seed production


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