The industry includes companies that process soybeans into oil, cake, meal and other products to sell to food industries, wholesalers and retailers. Through 2023, the industry has endured fluctuating key input prices, namely soybean prices. Processors also encountered major disruptions during the pandemic. Most restaurants closed, slashing demand for processed soybean products. Overall, the industry ballooned at an expected CAGR of 5.7% to $54.3 billion. Even so, the industry will contract 1.8% in 2023 as soybean prices slide, causing selling prices to plummet.Bean around town: Industry exports will rise as trade agreements are met
This industry includes manufacturers that process soybeans into oil, cake, meal and other products.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
ABOUT THIS INDUSTRY- Industry Definition
- Main Activities
- Similar Industries
- Additional Resources
INDUSTRY PERFORMANCE
- Executive Summary
- Key External Drivers
- Current Performance
- Industry Outlook
- Industry Life Cycle
- Supply Chain
- Products & Services
- Demand Determinants
- Major Markets
- International Trade
- Business Locations
- Market Share Concentration
- Key Success Factors
- Cost Structure Benchmarks
- Basis of Competition
- Barriers to Entry
- Industry Globalization
OPERATING CONDITIONS
- Capital Intensity
- Technology & Systems
- Revenue Volatility
- Regulation & Policy
- Industry Assistance
- Industry Data
- Annual Change
- Key Ratios
Methodology
LOADING...
