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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 2015

Growth spurt: Demand from emerging economies will keep exports high

IBISWorld’s Soybean Farming market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

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 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 Key Buyers Chapter

The Soybean Farming industry is overwhelmingly characterized by family owned individual farms. In most cases, soybean producers operate as partnerships and sole proprietors rather than corporations. Furthermore, the industry remains largely fragmented due to a low level of consolidation.

Nevertheless, there has been a long-term trend toward fewer farms across the agricultural sector, and this trend applies to soybean farming as well. It is a result of rising costs and competition that make it difficult for smaller farms to succeed. Owners of these small farms are forced to form cooperatives or sell their land, leading to fewer farms that are larger in size than before... 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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