Global Non-GMO Soybean Market Size, Share, Growth Analysis, By Type, By Application, By Product, By End-Users - Industry Forecast 2024-2031

Global Non-GMO Soybean Market size was valued at USD 60.12 Billion in 2022 and is poised to grow from USD 61.50 Billion in 2023 to USD 73.77 Billion by 2031, growing at a CAGR of 2.3% in the forecast period (2024-2031).

During the projection period, there is expected to be a significant increase in consumer awareness regarding product quality and labeling legislation, which will drive demand for non-GMO soybeans. An exponential surge in demand and the resulting premium for non-GMO soybeans are indicators of the growing customer preference for these products, which is fueled by this growing awareness. Because of their natural origins and intrinsic advantages over their genetically modified counterparts, non-GMO soybeans-so named because they have not undergone genetic modification-are becoming more and more popular. The increased production of non-GMO soybeans and the high profit margins associated with soybean products are driving this burgeoning sector. Because of the unique benefits these natural, unmodified soybeans offer as well as the growing demand, the non-GMO soybean market is expanding rapidly and is predicted to continue doing so.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Non-GMO Soybean Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Non-GMO Soybean Market Segmental Analysis

Three main segments comprise the worldwide non-GMO soybean market: type, application, and geography. The market is divided into three categories according on type: organic non-GM soybeans, RTRS-certified non-GM soybeans, and ordinary non-GM soybeans. The market is divided into segments according to application: animal feed, human consumption, and others. The market is divided into segments based on end users, including commercial, industrial, and residential. The market is divided into five regions: Latin America, Middle East & Africa, Asia-Pacific, Europe, and North America.

Drivers of the Global Non-GMO Soybean Market

The increasing use of genetically modified soybeans has coincided with a surge in consumer concern about the possible negative impacts of these crops. The market demand for non-GMO soybeans is expected to be positively impacted by consumers' growing disapproval of GMO crops. There is a growing inclination among consumers to choose non-GMO substitutes as their knowledge of the effects of GMO products grows, especially when it comes to soybeans. As a result of this shift in demand, soybean planting is progressively increasing.

Restraints in the Global Non-GMO Soybean Market

The lack of general knowledge about the inherent benefits of non-GMO goods is the main factor impeding the growth trajectory of the global non-GMO soybean industry. Their market expansion is hampered by customers' lack of awareness of the advantages of non-GMO soybeans. The lack of knowledge creates obstacles to the products' broad adoption by undermining consumer confidence and uptake. Because of this, even if non-GMO soybeans have clear advantages-like their natural production method and lack of genetic modification-the market's potential expansion is limited by a lack of awareness and communication about these advantages.

Market Trends of the Global Non-GMO Soybean Market

The food and agriculture industries have been greatly impacted by the considerable trend towards non-GMO alternatives that has been sparked by consumers' increasing attention on health, sustainability, and clean-label options. This trend is driven by growing public knowledge of and concern over possible negative effects genetically modified organisms (GMOs) may have on human health and the environment. Customers actively seek assurances about the origins and composition of products, preferring those labeled as non-GMO, in an effort to bring openness to their food sources. Particularly, this preference for non-GMO soybeans is a result of both a desire to support sustainable agriculture techniques and potential health benefits.