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Global Non-GMO Soybean Market Segmentation by Product (Crushed Soybeans, Whole Soybeans), by Application (Soybean Oil, Soybean Meal, Food for Human consumption), by Crushed Soybean Format (Soy Concentrates, Soy Flour, Textured Soy Protein) – Demand Analysis and Opportunity Outlook 2027

Published: March, 2022
ID: 12877
Pages: 150
Formats: report pdf report excel report power bi report ppt

Non-GMO Soybean Market Size (2022 - 2027)

The Global Non-GMO Soybean Market was worth US$ 23.2 billion in 2021, and it is estimated to reach a valuation of US$ 38.2 billion by the end of 2027, expanding at an annual growth rate of 8.7% between 2022 and 2027. Non-GMO soybeans refer to that soybean which is not genetically modified and has natural properties. Non-GMO soybeans are derived from plants and are not made from genetically modified organism. The non-GMO soybeans are rich in essential amino acids, B vitamins, vitamin K, fibers and minerals such as potassium, magnesium, calcium, copper, iron, magnesium, phosphorous etc. Additionally, Non-GMO soybeans are rich in nutrients and beneficial plant compounds. The diets which are minimally processed soy foods may offer variety of health benefits such as improved heart health, fewer menopause symptoms, and helps in lowering the risk of heart cancers. The Non-GMO soybeans have traditionally been used to make soy foods such as tofu, miso, soymilk etc. Non –GMO soybeans are found in two forms crushed and whole soybeans. Non-GMO soybeans products are much healthier as compared to GMO soybean based products. Owing to above factors the demand of non-GMO soybeans is increasing which is fueling the growth of the market.

Market Drivers

The driving force of the Non-GMO Soybean Market is the rising awareness among population about the labeling regulations and the quality is propelling the demand of Non-GMO Soybean over the forecast period. The premium for non-GMO soybean has also seen exponential growth rates owing to which the market is estimated to grow at a rapid pace.

The demand of the non –GMO soybean products are increasing as these soybeans are not genetically modified, they are made from plant bas so they provide much benefits as compared to GM soybean to the demand of non-GMO soybean is increasing in the market.

Additionally, the soybean cultivation is increasing and the high margins offered by the soybean products are fueling the growth of non-GMO soybean market. Furthermore, countries are now willing to pay high non-GMO products which is fueling the growth of the market and other countries such as India is now involved in the production of Non-GMO soybeans which is fueling the export of non-GMO soybeans particularly in U.S and several European countries that further fuels the market growth. Furthermore, the government support and initiative for agriculture growth and the strict regulations for labeling of GMO or Non-GMO products is fueling the growth of Non-GMO soybean market in the forecast period between 2022 and 2027.

Market Restraints

The lack of supply of GMO soybeans and price of non-GMO soybeans is high due to which the price of Non-GMO soybean based products are also high which is restricting the growth of the market           

Market Segmentation

Non-GMO Soybean Market - By Product:

  • Crushed Soybeans
  • Whole Soybeans

Based on Product, the Global Non-GMO Soybean Market is segmented into Crushed Soybeans and Whole Soybeans. The crush soybean segment hold the largest market share of Non-GMO Market and is expected to dominate the market during the forecast period as soybeans has produced all over the world according to the climatic conditions there are different types of soybean is available in market in which more than 85% of world’s soybean is crushed to processes into soy meal, oil and 80 % of crushed soy meal is used to manufacture animal feed, and rest of soy meal is used to process soy flour and proteins. Almost 89% of oil fraction is used to make edible oil while rest oil fraction is used for making fatty acids, soaps and biodiesel etc. Owing to various products made from crushed soybeans, the demand of crush soybeans is high and it is expected that it will boosts the market growth in coming years.

Non-GMO Soybean Market - By Application:

  • Soybean Oil
  • Soybean Meal
  • Food for Human consumption

Based on Application, the Global Non-GMO Soybean Market is segmented into Soybean Oil, Soybean Meal, and Food for Human consumption. Soybean oil segment holds largest market and is expected to grow with CAGR of 8.57% during the forecast period. Non Soybean is generally used to made soy oil particularly edible oil due to its non-GMO or organic nature.  The global consumption of Non-GMO soy edible oil is very high. The usage of non-GMO soybean oil as a culinary oil is high due to abundant and consistent supplies, competitive pricing, neutral flavor, and stability in both unhydrogenated and partially hydrogenated forms. Additionally, the tremendous rise in demand for complex feed is increasing the demand of soy oil for making soy meal for animal feeds. Due to above factors, the demand of non-go soybean is very high for making soy oil for further processing of products.

Non-GMO Soybean Market - By Crushed Soybean Format:

  • Soy Concentrates
  • Soy Flour
  • Textured Soy Protein

Based on Crushed Soybean Format, the Global Non-GMO Soybean Market is segmented into Soy Concentrates, Soy Flour, and Textured Soy Protein. Soy concentrates is going to dominate the market in forecast period as soy concentrates contains high amount of protein and fiber which is found in non-GMO soybean. Soy concentrates is manufactured by dehulling Non-GMO Soybean and extracting sugar and carbohydrates. It is used in formation of functional food products due to its high nutrient components. As soy concentrates is easy to digest, it is widely used on food production, health supplements and dietary food items. Therefore, the demand of non-GMO is fueling which further boosts the market growth.

Non-GMO Soybean Market – By Region:

  • North America
  • Europe
  • Asia-Pacific
  • RoW (Rest of the World)

North America is the largest market for Non-GMO soybean products which is used for medicinal applications. Soybean is highly used in this region in order to use them in medicines or medicinal products either in powder or in oil form. Population in North America region is highly conscious about their health and likely to consume protein rich food including soybean protein. Also, soybean people in this region are fitness freak and like to take soybean drink.

Non-GMO Soybean Market in Asia-Pacific is expected to grow with highest growth rate during the forecast period due to large population and high consumption of vegetable oil made from soybean. Also soybean oil is economically fit as compared to other oil; therefore it is highly consumed in this region. Additionally, rising awareness and increasing consumption of protein rich food, consumers are focusing on herbal protein base products including non-GMO soybean products such as soybean oil, soybean drinks, meals etc. Furthermore, the demand of Non-GMO soybean is increasing as soybean is also given to animals in their feed as a protein supplement for their growth and development, so livestock farmers prefer it for feed that fuels the growth of Non-GMO soybean market.

Europe also shows significant growth rate in Non-GMO soybean market due to high demand of organic protein food in this region is fueling the growth of the market in coming years.

Leading Company:

ADM had the largest share of the world’s non-GMO soybean market in terms of sales revenue in 2020.

Covid-19 Impact on Global Non GMO Soybean Market

The Global Non GMO Soybean Market has been significantly impacted by the COVID-19 outbreak. Pandemic has caused lock down due to which industries are completely or partially closed that resulted to disruption of supply chain of soybean. Due to halt in industrial activities, the demand of soybean was decreased for soybean based products especially the dietary drinks or powder which is generally consumed by athletes or fitness conscious population. And due to less demand of the soybean, the farmers has faced storages challenges and also experienced loss due to wastage of the crop. Therefore, due to pandemic soybean based product industries as well as farmers have faced economic problems. But from end 0f 2020, the demand of non GMO soybean is again rising and it is expected that it will continue to grow over the forecast period.

Key Players:

Some of the leading companies operating in the Global Non-GMO Soybean Market are 

  • ADM
  • Grain Millers, Inc.
  • SB& B
  • Zeeland Farm Services, Inc.
  • Sans Inc.
  • Laura Soybeans
  • Divine Soya & Agro Food
  • World Food Processing, LLC and Others.

Recent Developments:

  • In July 2021, ADM a premier global nutrition provider and agribusiness has reached an agreement with the Parent Victoria Group who operates “Sojaprotein” and now ADM is going to offer new solutions in the over 65 countries to which Sojaprotein has been exporting for years. Sojaprotien is a European Company that is specialized on non-GMO soybean products.
  • In June 2021, Primavera Capital Group had announced that it has signed an agreement with Benckiser Group Inc. (a world’s leading consumer health, nutrition, and hygiene company to acquire Mead Johnson Nutrition Company (a global leading infant formula and nutrition company owned by Reckitt)

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FAQ's

What is the size of the Non-GMO Soybean market?

The non-GMO soybean market size was estimated at USD$ 23.2 billion in 2021 and estimated to reach USD$ 25.2 billion in 2022.

What is the Non-GMO Soybean market growth?

The non-GMO soybean market is expected to grow at a compound annual growth rate of 8.7% from 2022 and 2027 to reach USD$ 38.2 billion in 2027.

What are the key driving factors of Non-GMO Soybean market?

The increasing consumption of protein-rich food with growing awareness among the population regarding labeling regulation is fueling the growth of the market.

Who are the top players of Non- GMO soybean market?

The top players includes ADM, Laura Soybeans, Grain Miller Inc, SB&B, World Food processing, zee farm Services, Specialty Grain Inc and Primavera.

Which segment is dominating the Non-GMO market?

Soybean oil is dominating the segment due to wide range of soybean applications along with the high consumption of soybean oil around the globe.

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