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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 | Feb 2014

Growth spurt: Demand will continue upward thanks to livestock feed and biofeel needs

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
Revenue
$2bn
Annual Growth 09-14
8.9%
Annual Growth 14-19
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Profit
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Employment
21,833
Businesses
6,588
Industry Analysis & Industry Trends

The Soybean Farming industry experienced strong growth over the five years to 2013, 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. Through the next five years, domestic and international government mandates for renewable fuel will keep soybean prices above historical levels for the five-year period. Also, demand from emerging nations like China will keep exports high, expanding another revenue stream for the Soybean Farming industry. Strengthening overseas competition is anticipated to keep revenue volatile, though... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

Over the five years to 2014, increasing demand from biofuel manufacturers and adoption of genetically modified (GM) seeds revitalized the Soybean Farming industry in Canada. IBISWorld projects that industry value added (IVA), which measures the industry's contribution to the overall economy, is expected to expand at an average annual rate of 6.0% over the 10 years to 2019, much faster than Canadian GDP growth of about 2.4% per year on average. The contrast indicates a growth life cycle stage for the industry.

The Soybean Farming industry's current growth stage is largely a result of the increased biodiesel demand, both domestically and internationally, stimulated by government policies and further encouraged by a persisting hike in crude oil prices... 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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