Webinar: Global Soybean Market - Statistics, Trends, and Outlook

Wednesday, October 27th, 2021 @ 10:00 am ET

Join our live webinar to get insights into the global soybean market.

Hey everybody!

We are hosting a 40-minute live webinar on the soybean market.

Join us to get the main macroeconomic statistics around the production and trade, and talk over the challenges and the nearest future of the market.

We invite speakers from the industry to share their thoughts on how they are going through this difficult time.

Listen to stories from entrepreneurs from around the world and share yours!

Key Trends and Insights

Global soybean consumption increased steadily over 2020-2021, while soybean stocks worldwide have seen rapid depletion. The escalating demand in China, which accounts for 60% of the growth in the soybean trade worldwide, is currently the key driving force of the global soybean market. China is significantly rebuilding its livestock population following outbreaks of African swine fever, and the demand for soybean has surged, as soya is a key additive ingredient to livestock feed. 

The expected recovery in demand for biofuel as the global economy emerges from the pandemic also shapes further expansion of the raw soybean market. The high soybean prices may yet curb the biofuel market's growth rate, removing the soybean fuel as a viable competitor in terms of conventional types of fuel. 

The fear that the demand for soybeans will soon exceed supply, combined with the rising production costs, contributes to prices increases. The average soybean price (Rotterdam CIF, US origin) in 2020 stood at $380 per tonne; then, in the first half of 2021, prices soared to $544 per tonne. This hike should lead to higher prices for meat, animal feed and biofuel. 

The high prices for animal proteins are further enhancing the development of the market for alternative soybean foods. In 2020, global investment into the alternative protein industry saw a twofold increase against the previous year. China is forecast to record the most significant rise in the consumption of soybean meal in animal feed, and soybean-derived protein concentrates for general food products.

The promising outlook for the soybean market is attracting investment in a bid to expand potential crop acreage. In 2021, global soybean production is set to increase by 23М tonnes to reach 386М tonnes due to the increase in the land being harnessed for crop production in the U.S. and South America, particularly Brazil. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +3.3% from 2020 to 2030, which is projected to bring the market volume to 489M tonnes by the end of 2030 (IndexBox estimates).


IndexBox, Inc.
Alexander Romanenko
CEO, Co-Founder
Alexander is the founder and CEO of IndexBox.

For over 10 years now, IndexBox has been conducting market research, completing consulting work, and selling reports.

IndexBox Inc.
Ivan Borovoi
Market Analyst, Editor
Ivan Borovoi is a market analyst and editor at IndexBox Inc.

For over 10 years now, IndexBox has been conducting market research, completing consulting work, and selling reports.

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