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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

IBISWorld’s Soybean Farming market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 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 comprised 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 comprise 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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