Soybean Market Is Likely To Up Demand At A USD 258.12 Billion By 2030\
The global soybean market size was estimated at USD 193.10 billion in 2023 and is projected to reach USD 258.12 billion by 2030, growing at a CAGR of 4.4% from 2024 to 2030. Soybeans are known for their health benefits, including being a good source of protein, fiber, vitamins, and minerals. The rising consumer awareness of these benefits drives demand, particularly for products like soy milk, tofu, and protein supplements. Moreover, there's a growing trend towards vegetarian and vegan diets, and a general increase in the consumption of plant-based proteins among omnivores. Soybean, versatile and high-protein legumes, is vital component of many plant-based diets. The industry has experienced significant growth, driven by nutritional, environmental, economic, and market factors. Soybeans have become increasingly popular due to their high protein content and associated health benefits, including their role in reducing the risk of heart disease and certain cancers. It m...