Organic Soybean Market Size

The organic soybean market has been getting more popular in recent years, and it's expected to keep growing. By 2022, it's predicted to be worth about USD 977.59 million, increasing at a rate of 13.20%. In terms of how much there is, it's estimated that by the end of 2017, there were about 0.76 million tons of organic soybeans globally. This amount is expected to reach 1.30 million tons by the end of 2022, growing at a fast rate of 11.21%. Latin America is the region with the most organic soybean market share, making up 44.20% in 2017, and it's expected to stay at the top until 2022.

The reason for this growth is the increasing demand for food that's produced organically. More and more people want food that's healthy and good for the environment. People are willing to pay extra for food that's good for them, and this is driving the demand for organic soybeans, especially in developing countries. People are becoming more aware of the benefits of organic food and are choosing it over other options. The use of organic farming methods and the introduction of regulations supporting organic products are also contributing to the growth of the market.

Not just in specific regions, but globally, people are recognizing the advantages of organic food, and this is pushing the market forward. The growth is also supported by the increase in organic options in regular food supply chains, thanks to the development of private labels. As people's preferences and awareness about organic products continue to rise, the organic soybean market is set to keep expanding.

In some countries that are still developing, the government, NGOs (Non-Governmental Organizations), and groups of farmers are encouraging the use of organic farming. They do this by giving financial help, sharing information about the market for organic food, and letting farmers know about the trends in organic food. In these developing countries, small farmers are getting subsidies, which means they get some money from the government to help them with organic farming. NGOs, groups of farmers, and traders are also organizing training programs to teach and encourage farmers to start doing organic farming.