Join date: Dec 2, 2021


The soybean market is projected to register a CAGR of 3.5% during the forecast period (2021-2026). The supply chain disruptions due to the trade restrictions have impacted the market for soybean during the COVID-19 pandemic. These factors have reduced the production of soybean by-products like meal, oil, cake, etc which has been reflected on the market for soybean as well. Soybean is a leguminous vegetable crop grown in tropical and subtropical climates. It is one of the most valuable crops in the world, not only as an oilseed crop and feed for livestock and aquaculture but also as a good source of protein in the human diet and as a biofuel. The demand for by-products of soybean like soybean meal, oil cakes, etc has been increasing over the past few years. The high nutritional value of the products has enhanced the popularity among consumers.



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