Global Soybean for Food Usage Consumption, Forecast 2021-2030 by Country

In 2023, China's soybean consumption for food usage stood prominently at 14.86 million metric tons, marking its dominance in this sector. This is followed by Indonesia with 3.43 million metric tons and Japan at 0.958 million metric tons. Countries like India, Vietnam, and South Korea show moderate consumption levels under 1 million metric tons each, highlighting variable regional demands. The year-on-year trends indicate potential increments in the consumption figures post-2023, as economies stabilize and dietary shifts continue to favor plant-based foods.

For future trends, look for China's expanding soybean consumption as the country diversifies its food sources. Additionally, the rising awareness of health benefits in developing markets like India and Vietnam may drive upwards consumption patterns. Global economic conditions, agricultural advancements, and trade agreements will be pivotal factors impacting soybean demand patterns through to 2030.