Organic Soybean Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

By 2024, the global organic soy market is expected to reach $ 1.8 billion, which will reach $ 3.4 billion by 2030. It is expected to grow at a high annual growth rate of 12.56%. This is mainly due to the increasing demand for organic food, which is driven by the general public's increasing awareness of health and the environment. Also, the popularity of vegetarianism and the use of organic soy in various food products are also driving the market. The second is the continuous development of organic farming methods. The pest management and soil improvement techniques are expected to increase the yield and quality of organic soy, which will also attract more farmers to produce organic soy. The major players in this industry, such as Organic Valley, Eden Foods and White Wave, have already taken certain strategic measures, such as establishing a cooperative relationship and improving product quality, to seize the market. It is expected that the trend of the market will continue to rise. For example, in recent years, there have been many new organic soy products, such as soy milk, tofu, soy milk, etc., which are based on soy, which are expected to be in line with the trend of consumers' consumption and the development of the industry.

Regional Market Size

Regional Deep Dive

The organic soybean market is growing rapidly in all regions of the world, mainly driven by increasing demand for organic products, health awareness and the need for sustainable farming practices. North America has a well-established organic agriculture industry and a strong consumer awareness. Europe has seen a rise in organic certifications and government support for organic agriculture. The Asia-Pacific region is adopting organic practices rapidly, mainly driven by increasing incomes and changing dietary habits. Middle East and Africa are slowly adopting organic soybeans, influenced by health trends and the opportunity for international trade. Latin America is taking advantage of its agricultural strengths to expand its organic soybean production.

Europe

• The European Union's Green Deal aims to increase organic farming to 25% of total agricultural land by 2030, which is expected to significantly boost the organic soybean market as farmers transition to organic practices.
• Countries like Germany and France are leading in organic soybean imports, with initiatives from organizations such as the European Organic Certifiers Council (EOCC) promoting transparency and quality in organic certification.

Asia Pacific

• China is increasingly focusing on organic agriculture, with government policies supporting organic certification and subsidies for organic soybean farmers, which is expected to enhance domestic production and reduce reliance on imports.
• India's growing health-conscious population is driving demand for organic soy products, leading to collaborations between local farmers and international companies like Cargill to improve organic soybean cultivation techniques.

Latin America

• Brazil is emerging as a key player in the organic soybean market, with the government providing incentives for organic farming and export opportunities, particularly to Europe and North America.
• Organizations like the Brazilian Institute of Organic Agriculture (IBD) are working to enhance organic certification processes, which is expected to improve market access for Brazilian organic soybean producers.

North America

• The USDA has implemented various programs to support organic farming, including the Organic Certification Cost Share Program, which helps farmers offset certification costs, thereby encouraging more producers to enter the organic soybean market.
• Major companies like White Wave and Organic Valley are investing in organic soybean sourcing, which is driving innovation in supply chain management and product development, catering to the growing demand for organic soy products.

Middle East And Africa

• The African Union's Agenda 2063 emphasizes sustainable agricultural practices, which includes promoting organic farming, thus creating opportunities for organic soybean cultivation in countries like Kenya and South Africa.
• The rise of health and wellness trends in the Middle East is prompting retailers to stock more organic products, including soy-based items, leading to increased visibility and demand for organic soybeans.

Did You Know?

“Did you know that organic soybeans can yield up to 20% less than conventional soybeans due to stricter farming practices, yet they often command a premium price in the market?” — USDA Organic Integrity Database

Segmental Market Size

The organic soy market is growing steadily. The growing demand for organic products and the growing awareness of the health benefits of organic soy are driving the organic soy market. There is also a growing trend towards plant-based diets and the introduction of organic farming regulations. These are also driving the organic soy market. Technological developments in organic farming methods have increased yields and the stability of the market. At present, organic soy is in the process of being widely adopted. Leading producers such as the United Soybean Board and organic farmers in the American midwest are driving the market. Leading end-uses include soya milk, edamame beans and tofu. Non-food end-uses include cosmetics and biofuels. Leading trends include the growing awareness of the health benefits of organic soy, the growing demand for organic products and the introduction of organic farming regulations. Technological developments such as the use of precision agriculture and organic pest control are ensuring that organic soy meets growing consumer demands and standards.

Future Outlook

The organic soy market is projected to grow at a CAGR of 12.56% from 2024 to 2030, from $ 1,688 million to $ 3,433, million. This growth is driven by rising consumer demand for organic products, the health benefits of organic soy, and the trend of sustainable agriculture. The penetration of organic soy into the total soy market is expected to increase, from about 10% in 2024 to about 20% in 2030. Advances in organic farming methods and pest control will improve yield and quality, thus driving market growth. In addition, government support for organic farming and sustainable agriculture will play an important role in shaping the market. Also, the growing popularity of plant-based diets and the increasing use of organic soy in food, animal feed and biofuels will boost the market. The organic soy market is developing, and industry players must stay flexible to meet the market's needs and technological changes.