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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 2016

Cool beans: Growing demand and renewable energy targets will support continued growth

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 11-16
5.6%
Annual Growth 16-21
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Profit
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Employment
8,877
Businesses
6,215
Industry Analysis & Industry Trends

The Soybean Farming industry in Canada has been immensely volatile throughout its history, but the five years to 2016 have been largely positive. The 2010 Renewable Fuels Regulations revived soybean farming, providing a new source of industry growth. Meanwhile, the export market has expanded, with imports increasingly meeting the needs of domestic soybean crushers. Furthermore, domestic ethanol production has indirectly helped the industry by diverting large quantities of corn away from the livestock feed market. The future for Canadian soybean farmers looks bright, as demand is anticipated to continue growing and renewable energy targets keep rising both domestically and internationally over the next five years... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

Over the five years to 2016, 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 4.6% over the 10 years to 2021, much faster than Canadian GDP growth of about 1.9% 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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