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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 | Jan 2015

Growth spurt: Demand from emerging economies will keep exports high

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 10-15
6.0%
Annual Growth 15-20
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Profit
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Employment
21,520
Businesses
6,385
Industry Analysis & Industry Trends

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. The future for Canadian soybean farmers looks bright, as demand is anticipated to keep growing and renewable energy targets continue rising both domestically and internationally. To meet this demand, farmers will increasingly use genetically modified (GM) seeds to push yields to levels three times higher than they were 50 years ago... 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

 


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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