What is Global Non-GMO Soybean Market?
The Global Non-GMO Soybean Market is a vast and dynamic sector that focuses on the production and distribution of soybeans that have not been genetically modified. This market is gaining traction worldwide due to the increasing demand for organic and natural food products. Non-GMO soybeans are cultivated without the use of any genetic engineering techniques, ensuring that the end product is as natural and organic as possible. This market encompasses a wide range of products, from raw soybeans to processed soybean products, catering to a diverse consumer base. The global Non-GMO soybean market is driven by factors such as the growing health consciousness among consumers, increasing demand for organic food products, and stringent government regulations against GMO products.
Plain Non-GM Soybeans, RTRS-Certified Non-GM Soybeans, Organic Non-GM Soybeans in the Global Non-GMO Soybean Market:
The Global Non-GMO Soybean Market is segmented into Plain Non-GM Soybeans, RTRS-Certified Non-GM Soybeans, and Organic Non-GM Soybeans. Plain Non-GM Soybeans are the most common type of non-GMO soybeans, accounting for the largest market share. These soybeans are grown without any genetic modification and are used in a variety of food products due to their high nutritional value. RTRS-Certified Non-GM Soybeans are soybeans that have been certified by the Round Table on Responsible Soy (RTRS), ensuring that they are grown sustainably and ethically. These soybeans are gaining popularity due to the increasing demand for sustainable and ethical food products. Organic Non-GM Soybeans are the highest quality non-GMO soybeans, grown without the use of any synthetic fertilizers or pesticides. These soybeans are highly sought after due to their superior taste and nutritional value.
Animal Feed, Human Consumption, Others in the Global Non-GMO Soybean Market:
The Global Non-GMO Soybean Market finds its application in various areas such as Animal Feed, Human Consumption, and Others. Non-GMO soybeans are a popular choice for animal feed due to their high protein content and nutritional value. They are used in the feed for various animals such as poultry, swine, and cattle. In terms of human consumption, non-GMO soybeans are used in a variety of food products such as tofu, soy milk, and soy sauce. They are also used in the production of soybean oil, which is a popular cooking oil. Other applications of non-GMO soybeans include their use in the production of biofuels and in various industrial applications.
Global Non-GMO Soybean Market Outlook:
Looking at the market outlook, the Global Non-GMO Soybean Market was valued at a significant US$ 59660 million in 2023. The market is expected to witness a steady growth, reaching an estimated value of US$ 71060 million by 2030. This growth is anticipated to occur at a Compound Annual Growth Rate (CAGR) of 2.5% during the forecast period from 2024 to 2030. The market is dominated by the top nine manufacturers who collectively hold a market share of over 3.5%. Among the various products in this market, Plain Non-GM Soybeans hold the largest segment with a market share of over 45%.
| Report Metric | Details |
| Report Name | Non-GMO Soybean Market |
| Accounted market size in 2023 | US$ 59660 million |
| Forecasted market size in 2030 | US$ 71060 million |
| CAGR | 2.5% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Amaggi, Yuwang Group, Puris Proteins, Primavera, Sojaprotein, Grain Millers, Inc., Clarkson Grain Company, Espartina S.A., Sinograin |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
