Global GMO Soybean Market To Record An Impressive 8.2% CAGR In Terms Of Volume By 2026-End

Anew research study published by Fact.MR projects the global GMO soybean market to record an impressive 8.2% CAGR, in terms of volume, over the forecast period, 2017 to 2026. More than US$ 410,000 Mn worth of GMO soybean are poised to be sold across the globe by 2026-end.

Biotechnologies help Farmers Producing GMO Soybeans in Reducing Market Risks and Production Time

Adoption of genetically modified organisms (GMO) soybean has surged considerably since the recent past, mainly because of their potential of alleviating hunger & poverty across the globe. Nevertheless, researchers from Food and Agriculture Program emphasize on detailed assessment of GMO soybean to realize their real impacts. Amount of arable land being used for production of GMO crops such as GMO soybean is surging, with the U.S., India, Brazil, Canada and Argentina being major producers. GMO soybean has its genetic materials engineered with the help of biotechnologies for incorporating enhanced characteristics such as enhancement of certain nutrients, insect resistance, herbicide tolerance and drought tolerance. Advantages of employing biotechnologies for GMO soybeans production include saving time & efforts and reducing the market risks for farmers, rather than just enhancing productivity by making improvements in yield.

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At present, demand for GMO soybean is primarily fuelled by robust adoption in animal feed and industrial uses for producing soybean oil. Although producing herbicide-tolerant soybean lowers the risk to the environment, benefits are restrained by growing herbicide resistance in weeds. One of the widely used genetically modified crops across the globe, GMO soybeans seek majority of applications in oil production and livestock feed. With mounting demand for soybean around the world as a protein source, genetic modification has become the key for producers to meet this demand.

6 Key Projections on Future of GMO Soybean Market for Forecast Period 2017-2026 (In Terms of Value)

  • North America is anticipated to prevail as the fastest expanding market for GMO soybean through 2026. More than two-fifth market revenue share will be accounted by sales of GMO soybean in North America by 2026-end. Asia-Pacific excluding Japan (APEJ) and Europe are also poised to remain remunerative for the GMO soybean market. However sales in APEJ are projected to exhibit a comparatively faster expansion than sales in Europe through 2026.
  • GMO soybean sales in APEJ and Latin America are projected to record expansion at an approximately similar CAGR through 2026. However, revenues from the GMO soybean market in Latin America will remain significantly lower than those from APEJ.
  • On the basis of trait, stacked (HT+IT) GMO soybean will remain the most lucrative in the market, with revenues projected to rise at the highest CAGR through 2026. Herbicide tolerant GMO soybeans will continue to be the second most lucrative among traits of GMO soybean in the market. However, sales of herbicide tolerant GMO soybean will register the lowest CAGR through 2026.
  • Direct sales will endure as the dominant sales channel for GMO soybean, followed by modern trade. Revenues from these two sales channel segments are collectively projected to account for more than three-fourth market share by 2026-end.
  • Food will continue to remain leading application segment in the global GMO soybean market, in terms of revenues, trailed by biodiesel. Sales of GMO soybean for application in feed will exhibit a relatively faster expansion than that in biodiesel through 2026.
  • The report profiles active players contributing to the market growth, which include Monsanto Company, Groupe Limagrain Holdings SA, Syngenta AG, Canterra Seeds Holdings Ltd., E.I DuPont De Nemours and Company, Dow Agroscience, Bayer CropScience, BASF SE, and AgReliant Genetics LLC.

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Competition Tracking

Key market players tracked by the report include

  • AgReliant Genetics LLC
  • BASF SE
  • Bayer CropScience
  • Dow Agroscience
  • E.I DuPont De Nemours and Company
  • Canterra Seeds Holdings Ltd.
  • Syngenta AG
  • Groupe Limagrain Holdings SA
  • Monsanto Company.

Market Taxonomy

Region
  • North America
  • Latin America
  • Europe
  • Japan
  • APEJ
  • MEA
Trait
  • Herbicide Tolerant
  • Insect Tolerant
  • Stacked (HT+IT)
  • Other Traits
Sales Channel
  • Direct Sales
  • Modern Trade
  • Convenience Store
  • E-Retailers
  • Other Retail Outlets
Applications
  • Food
  • Feed
  • Biodiesel
  • Research Applications
  • Other Applications

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After reading the  GMO Soybean Market report, readers can:

  • Understand the drivers, restraints, opportunities and trends affecting the growth of the global .
  • Analyze key regions holding significant share of the total GMO Soybean Market revenue.
  • Study the growth outlook of the global GMO Soybean Market scenario, including production, consumption, history and forecast.
  • Learn consumption pattern and impact of each end use on the GMO Soybean Market growth.
  • Investigate the recent R&D projects performed by each GMO Soybean Market player.

The GMO Soybean Market report answers important questions which include:

  • What does the status of the   GMO Soybean Market look?
  • GMO Soybean Market look like after the forecast period?
  • Which region has the highest contribution to GMO Soybean Market Devices  why?
  • Which players remain at the top of the GMO Soybean Market look?
  • What opportunities are available for the GMO Soybean Market players to expand their production footprint?
  • Which segment has the maximum impact on the GMO Soybean Market look?

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