The global soybean for food usage consumption sees China at the forefront in 2023 with a consumption of 66.63 thousand metric tons, followed by Indonesia at 15.37, and Japan at 4.29. From 2021 to 2023, notable growth in consumption is evident in China and Indonesia, marking a significant upward trajectory. Meanwhile, countries like India, Vietnam, and South Korea show moderate increases, while nations such as Ukraine and Egypt remain relatively stagnant over the same period.
Key trends to watch for the future include:
- The increasing demand from China due to urbanization and dietary shifts toward plant-based foods.
- Emerging markets like India and Vietnam gradually increasing their soybean consumption due to changing culinary preferences and health trends.
- Potential disruptions in the market from geopolitical tensions or trade disputes affecting supply chains.
Top countries in Soybean for Food Usage Consumption, Forecast 2021-2030 Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 China | 66.63 | 2030 | View data |
| 2 | 2 Indonesia | 15.37 | 2030 | View data |
| 3 | 3 Japan | 4.29 | 2030 | View data |
| 4 | 4 India | 2.69 | 2030 | View data |
| 5 | 5 Vietnam | 2.67 | 2030 | View data |
| 6 | 6 South Korea | 1.51 | 2030 | View data |
| 7 | 7 Taiwan | 1.46 | 2030 | View data |
| 8 | 8 Thailand | 1.29 | 2030 | View data |
| 9 | 9 Malaysia | 0.85 | 2030 | View data |
| 10 | 10 Russia | 0.53 | 2030 | View data |
