Soybean Market Estimated At USD 258.12 Billion By 2030
San Francisco, 12 March 2024: The Report Soybean Market Size, Share & Trends Analysis Report By Nature (GMO, Non-GMO), By Form (Raw, Processed), By End-use (Animal Feed, Industrial Use), By Region, And Segment Forecasts, 2024 - 2030 The global soybean market size is expected to reach USD 258.12 billion by 2030 and expand at a CAGR of 4.4% from 2024 to 2030, according to a new report by Grand View Research, Inc. The demand for soybean byproducts like soybean meal and oil cakes has increased over the past few years. The high nutritional value of the products has enhanced their popularity among consumers, increasing the market. The increased disposable income of consumers in developed countries and the improved soybean productivity contributed to the demand for soybean byproducts in these countries. Plant-based protein such as soybean is likely to be in high demand globally as several people are steadily moving toward a vegan lifestyle. In addition to that, the world is becoming