Global soybean production is currently dominated by Brazil, with 37.01% of the world's output as of 2023, followed by the United States at 30.88%, and Argentina holding 14.2%. Other key producers include China (4.79%) and India (3.04%), with smaller contributions from Canada, Russia, and others. Between 2023 and 2024, global production is expected to maintain steady growth, driven by technological advances, expanding agricultural lands in key producing nations, and evolving global demand.
Future trends to watch include potential shifts in production dynamics due to climate change impacts, trade policies, and shifts towards sustainable practices. Additionally, growing demand from emerging economies could lead to strategic partnerships and increased investments in production technology and infrastructure. Monitoring geopolitical developments and trade negotiations will be crucial for anticipating changes in global market shares.
Top countries in Soybean Production, Forecast 2021-2030 Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Brazil | 37.01 | 2030 | View data |
| 2 | 2 United States | 30.88 | 2030 | View data |
| 3 | 3 Argentina | 14.2 | 2030 | View data |
| 4 | 4 China | 4.79 | 2030 | View data |
| 5 | 5 India | 3.04 | 2030 | View data |
| 6 | 6 Canada | 1.64 | 2030 | View data |
| 7 | 7 Russia | 1.11 | 2030 | View data |
| 8 | 8 Ukraine | 1.02 | 2030 | View data |
| 9 | 9 South Africa | 0.38 | 2030 | View data |
| 10 | 10 Indonesia | 0.12 | 2030 | View data |
