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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 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 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 Analysis Chapter

The Soybean Farming industry in Canada has been immensely volatile throughout its history, but the five years to 2014 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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