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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 | Mar 2017

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

IBISWorld’s Soybean Farming market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
2.5%
Annual Growth 17-22
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Profit
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Employment
32,552
Businesses
6,926
Industry Analysis & Industry Trends

The Soybean Farming industry in Canada has been immensely volatile throughout its history, but the five years to 2017 have been largely positive. The 2010 Renewable Fuels Regulations revived soybean farming through mandated biofuel minimums, providing a new source of industry growth. Meanwhile, the export market has expanded, and imports have increasingly met 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 are expected to keep rising both domestically and internationally over the next five years... 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 2017 have been largely positive. The 2010 Renewable Fuels Regulations 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 into diesel fuel and distilled heating oil. These 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 increased from 26.9% to 30.0%, whereas the share of beef farms decreased from 26.6% to 18.2%. Mea.. 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 produced by this industry is being used in biofuel production.

Industry Products
Soybean mealSoybean oilOther soy productsSoybean seeds
 
Industry Activities
Soybean farmingSoybean seed production


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