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 2015

Growth spurt: Demand from emerging economies will keep exports high

IBISWorld’s Soybean Farming market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Annual Growth 10-15
Annual Growth 15-20
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Industry Analysis & Industry Trends

The Soybean Farming industry experienced strong growth over the five years to 2015, mainly due to the crop's status as a major input for biofuel. The Renewable Fuels Regulations of 2010 allowed Canada to use soybeans as a renewable energy source to make biodiesel. In the coming years, strengthening overseas competition is anticipated to keep revenue volatile. Still, the future for Canadian soybean farmers remains sunny. Domestic and international government mandates for renewable fuel will keep soybean prices above historical levels over the five-year period... purchase to read more

Industry Report - Industry Analysis Chapter

The Soybean Farming industry in Canada has been immensely volatile throughout its history, but the five years to 2015 have been largely positive. The 2010 Renewable Fuels Regulations have revived soybean farming, providing a new source of industry growth. Government biofuel mandates require 2.0% of renewable content, which comes predominantly from soybeans or canola, to be mixed in diesel fuel and heating distilled oil. Furthermore, the federal biofuel mandates have contributed to an ongoing shift away from livestock-based farms to crop-based farms in Canada. From 2006 to 2011 (the latest data available from the Agriculture Census), the overall share of oilseed and grain farms has increased from 26.9% to 30.0%, whereas the share of beef farms has contracted from 26.6% to 18.2%... purchase to read more


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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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