Soybean Seed Market Report 2025 (Global Edition)

Global Soybean Seed Market Report 2025 Market Size Split by Variety Outlook: (Genetically Modified (GM) Soybean Seeds, Non-Genetically Modified (Non-GM) Soybean Seeds, Organic Soybean Seeds), by Trait...

Soybean Seed Market Report Description

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Soybean Seed Market Insights Video

Competitive Landscape of the Soybean Seed Market

The market for soybean seeds is extremely competitive, and major competitors prioritize strategic alliances, mergers, and innovation. Large corporations that provide genetically modified and hybrid seeds, such as Bayer CropScience, Corteva Agriscience, Syngenta, and BASF, control the market. Additionally, regional players play a major role in meeting the demands of local farmers. Characteristics including drought tolerance, pest resistance, and yield increase are the main focus of competition. The need for non-GMO and sustainable seeds significantly broadens market strategies.

In March 2023, Bunge and Corteva Agriscience collaborated to create soybeans enriched with amino acids. Corteva is utilizing its knowledge of germplasm, gene editing, and trait discovery to create soybean varieties with a high protein content, optimal amino acid profiles, and reduced levels of anti-nutritional factors. (Source:https://www.corteva.com/resources/media-center/corteva-and-bunge-announce-collaboration-to-develop-amino-acid-enhanced-soybeans.html) Pioneer Seeds, a division of Corteva Agriscience, introduced the Enlist E3 soybean trait in 36 new soybean seed hybrid varieties in March 2023. The varieties include defensive features to combat Phytophthora, sudden death syndrome, white mold, and soybean cyst nematode. (Source:https://www.corteva.us/press-releases/pioneer-delivers-80-new-corn-products-soybean-varieties.html) According to Corteva Agriscience, Pioneer® brand A-Series Enlist E3® soybeans will be available in September 2022. Enlist® technology, one of the most cutting-edge trait technologies in soybeans, is combined with the world-class genetics of Pioneer® brand A-Series soybeans, the company's highest-yielding varieties to date, in these Pioneer-only varieties. (Source:https://www.corteva.ca/en/about-corteva/media-centre/pioneer-brand-a-series-enlist-e3-soybeans-deliver-brand-new-yield-potential.html) In February 2020, the NK brand of the Syngenta Group introduced roughly 21 new seed varieties. These seeds have benefits, including increased yield and greater tolerance to various climates and environments. (Source:https://www.syngenta-us.com/newsroom/news_release_detail?id=213239)

Top Companies Market Share in Soybean Seed Industry: (In no particular order of Rank)

• Advanta Seeds - UPL
• Bayer AG
• Florimond Desprez
• KWS SAAT SE & Co. KGaA
• Burrus Seed
• RAGT Group
• Corteva Agriscience
• Syngenta Group
• Zambia Seed Company Limited (Zamseed)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Soybean Seed Market

Which Region Dominates the Soybean Seed Market in 2024?

According to Cognitive Market Research, North America currently dominates the Soybean Seeds market, and the region is expected to have significant growth during the projected period. The market for soybean seeds is expected to increase in North America because of its substantial soybean production and well-established agricultural infrastructure. The United States, a major producer of soybeans worldwide, is crucial because of its widespread use of genetically modified (GM) seeds to increase output and resistance to pests. Additional factors driving market expansion are growing consumer demand for soy-based products, such as plant-based foods, animal feed, and biofuels. Precision farming and new seed technologies are examples of technological developments that reinforce the region's supremacy. The fact that North America is a major force in the soybean seed market is further reinforced by advantageous government regulations and strong export prospects to Asian markets.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The growing demand for soy-based products and the region's rising agricultural sector are expected to propel the soybean seed market's notable rise in the Asia Pacific area. As soy consumption for food items and animal feed rises in nations like China and India, there is an increasing demand for premium soybean seeds. Further increasing productivity is the move to more contemporary farming methods, such as the use of genetically modified (GM) seeds. Growing investments in agricultural infrastructure and favorable climates for soybean farming in some regions of Asia also contribute to the expansion of the soybean seed market in the region.

The current report Scope analyzes Soybean Seed Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Soybean Seed

According to Cognitive Market Research, the global Soybean Seed market size was estimated at USD 10615.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 4246.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Soybean Seed market with a market size of USD 3350.16 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Genetically modified (GM) soybean seeds, which provide high yields, pest resistance, and herbicide tolerance, are widely used in the United States, which is a leader in agricultural technology.
• The Canada Soybean Seed market had a market share of USD 509.53 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Canada’s demand for soybeans, especially for animal feed, is increased by the expanding livestock industry.
• The Mexico Soybean Seed market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 386.39 million in 2024.

Europe Soybean Seed

According to Cognitive Market Research, the global Soybean Seed market size was estimated at USD 10615.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 3184.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.

• The United Kingdom Soybean Seed market had a market share of USD 535.01 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. In the UK, Demand for ecologically friendly soybean seeds is rising as a result of UK farmers implementing sustainable agricultural methods.
• The France Soybean Seed market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 292.98 million in 2024.
• According to Cognitive Market Research, the German Soybean Seed market size was valued at USD 630.54 million in 2024 and is projected to grow at a CAGR of 5.7% during the forecast period. The demand for seeds is being driven by Germany's emphasis on renewable energy and the use of soybeans in the creation of biodiesel.
• The Italy Soybean Seed market is projected to witness growth at a CAGR of 4.9% during the forecast period, with a market size of USD 273.87 million in 2024.
• The Russia Soybean Seed market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 493.61 million in 2024.
• The Spain Soybean Seed market is projected to witness growth at a CAGR of 4.6% during the forecast period with a market size of USD 261.13 million in 2024
• The Luxembourg Soybean Seed market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 98.72 million in 2024.
• The Portugal Soybean Seed market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 66.88 million in 2024.
• The Greece Soybean Seed market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 38.21 million in 2024.
• The Rest of Europe's Soybean Seed market is projected to witness growth at a CAGR of 4.2% during the forecast period, with a market size of USD 493.61 million in 2024.

Asia Pacific Soybean Seed

According to Cognitive Market Research, the global Soybean Seed market size was estimated at USD 10615.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 2441.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Soybean Seed market size was valued at USD 1098.67 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. Soybean Seed surged in China due to the demand for soybean seeds is rising as a result of China's expanding middle class consuming more foods made from soy.
• The Japan Soybean Seed market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 336.93 million in 2024.
• The India Soybean Seed market had a market share of USD 292.98 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. India's Increased demand for soybean seeds is a result of the necessity of soybeans in addressing the protein shortages in the Indian diet.
• The South Korean Soybean Seed market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 244.15 million in 2024.
• The Australian Soybean Seed market is projected to witness growth at a CAGR of 8.7% during the forecast period, with a market size of USD 126.96 million in 2024.
• The South East Asia Soybean Seed market is projected to witness growth at a CAGR of 10.0% during the forecast period, with a market size of USD 168.46 million in 2024.
• The Rest of the Asia Pacific Soybean Seed market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 173.35 million in 2024.

South America Soybean Seed

According to Cognitive Market Research, the global Soybean Seed market size was estimated at USD 10615.2 Million, out of which Latin America held the market share of around 5% of the global revenue with a market size of USD 530.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Soybean Seed market size was valued at USD 227.17 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. Soybean Seeds flourished in Brazil due to high production volumes, and the use of improved soybean seeds is facilitated by the nation's favorable climate for soybean farming.
• Argentina's Soybean Seed market had a market share of USD 89.17 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. Due to global market demand, Argentina is a significant exporter of soybeans.
• Colombia Soybean Seed market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 47.24 million in 2024.
• Peru Soybean Seed market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 43.52 million in 2024.
• Chile's Soybean Seed market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 38.21 million in 2024.
• The Rest of Latin America's Soybean Seed market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD 85.45 million in 2024.

Middle East Soybean Seed

According to Cognitive Market Research, the global Soybean Seed market size was estimated at USD 10615.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 212.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031..

• The GCC Countries Soybean Seed market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD 90.87 million in 2024. Soybean Seed sales flourish due to the demand for specialist soybean seed variants appropriate for arid climates, which is being driven by the adoption of hydroponics and other water-efficient agricultural methods.
• The Egypt Soybean Seed market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD 22.29 million in 2024.
• The South African soybean Seed market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 33.54 million in 2024. Soybean Seed sales flourished in South Africa due to the rising demand for soy products like tofu and soy milk and the growing popularity of plant-based diets, which is driving up demand for soybean seeds.
• The Turkey Soybean Seed market is projected to witness growth at a CAGR of 6.2% during the forecast period, with a market size of USD 18.26 million in 2024.
• The Nigeria Soybean Seed market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD 22.29 million in 2024.
• The Rest of the MEA Soybean Seed market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 25.05 million in 2024.

Soybean Seed Market Analysis

How are Segments Performing in the Global Soybean Seed Market?

Soybean Seed Market Variety Segment Analysis

According to Cognitive Market Research, genetically modified (GM) soybean seeds are likely to dominate the Soybean Seed Market over the forecast period. Because of their improved characteristics, like resistance to pests, diseases, and herbicides, which increase crop output and lessen the need for chemical inputs, genetically modified (GM) soybean seeds are becoming more and more popular. Additionally, GM soybeans are more resilient to environmental stresses like drought and temperature changes, which appeals to farmers looking for dependable and affordable alternatives. The capacity of GM seeds to boost productivity, promote farming sustainability, and satisfy the expanding demand for soybeans in food, feed, and industrial applications worldwide is what is driving their growing adoption, especially in North America and South America.

The non-genetically modified (Non-GM) soybean seeds are the fastest-growing segment in the Soybean Seed Market. Because consumers prefer organic and non-GMO products, there is an increasing demand for non-genetically modified (non-GM) soybean seeds. The market for non-GMO soybeans is growing, especially in North America and Europe, as customers who are health-conscious look for natural food options. Because they don't require artificial pesticides and herbicides, these seeds are prized for their positive effects on the environment and human health. Farmers' adoption of non-GM soybean seeds is also growing as a result of the rising demand for non-GM soy products, including edamame, tofu, and soy milk.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Soybean Seed Industry. Request a Free Sample PDF!

Soybean Seed Market Trait Segment Analysis

According to Cognitive Market Research, the disease-resistant soybean seeds segment holds the largest share of the market. Disease-resistant soybean seeds are becoming more and more popular as farmers look to shield their crops from a range of pests, such as root rot, aphid infestations, and soybean rust. The need for chemical pesticides is lessened thanks to disease-resistant features, which encourage more economical and environmentally friendly farming methods. In areas where disease is prevalent, like North and South America, this trend is especially significant. Increased demand for disease-resistant soybean seed varieties in the worldwide soybean seed market is a result of their acceptance, which also improves crop quality, lowers crop losses, and increases yields.

In the Soybean Seed Market, the herbicide-resistant soybean seeds have been expanding at a rapid pace. Herbicide-resistant soybean seeds are becoming more and more popular as farmers look for effective ways to control weeds and boost crop yields. Because these seeds are designed to resist particular herbicides, farmers may apply herbicides more efficiently without endangering the soybean plants. This characteristic encourages increased output, lowers labor expenses, and makes weed control easier. Because large-scale, mechanized farming is common in areas like North America, herbicide-resistant soybean seeds are especially well-liked there. The demand for soybean seeds with herbicide-resistant characteristics is still being driven by the growing need for more efficient crops and sustainable farming methods.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Soybean Seed Application Outlook: Segment Analysis

Soybean Seed Market Application Segment Analysis

According to Cognitive Market Research, the animal feed segment holds the largest market share. Because soymeal is the main source of protein in the diets of cattle and poultry, the application of soybean seeds in animal feed is a major factor driving the market for soybean seeds. The requirement for premium soybeans, which are turned into animal feed that is high in protein, is increased by the growing need for meat, dairy, and poultry products worldwide. The need for soybean seeds with the right amount of protein is growing as livestock farming spreads, especially in areas like Asia Pacific and North America. In order to satisfy the expanding needs of the animal feed sector, this trend encourages the production of high-yield, disease-resistant soybean cultivars.

In the Soybean Seed market, the rapidly growing sector is the food processing category. The food processing industry largely drives the demand for soybean seeds because soybeans are utilized in a variety of food products. Because of its plant-based appeal and nutritional advantages, soy-based products, including edamame, tofu, soy milk, and soy protein isolate, are becoming more and more well-liked. Soybeans are in greater demand in the food processing industry as customer interest in plant-based diets increases. This tendency increases the demand for premium soybean seeds with characteristics like increased protein content and disease resistance in order to satisfy the world's expanding demand for food products made from soy.

• Food Processing
• Oil Production
• Biofuel Production
• Animal Feed

Soybean Seed Packaging Outlook: Segment Analysis

Soybean Seed Market Packaging Segment Analysis

According to Cognitive Market Research, the bulk containers segment dominates the market. In the market for soybean seeds, bulk containers are becoming more and more in demand as farmers and seed distributors seek out large-scale, reasonably priced packaging options. Seeds can be transported and stored in large quantities thanks to bulk packing, which also lowers packaging costs and has less environmental impact. Furthermore, bulk containers provide effective seed handling and simple distribution, making them perfect for extensive commercial farming operations. Large-scale soybean-growing regions, like North America and South America, are where this packaging trend is most noticeable because high-volume purchases of soybean seeds are typical for planting across vast agricultural areas.

Bags is projected to be the fastest-growing segment in the Soybean Seed market. In the market for soybean seeds, bags are still a common option, particularly for smaller growers and merchants. It offers seeds easy and safe storage while shielding them from contamination and harm while in transit. From smallholder farms to bigger commercial operations, seed bags are available in a range of sizes to meet diverse farming demands. Bags are also perfect for retail distribution, giving customers quick access to high-quality seeds. This packaging style is popular throughout the world because it is flexible and manageable and increases brand awareness in the soybean seed industry.

• Bags
• Sacks
• Bulk Containers

Author's Detail

Pratik Shirsath

Research Associate at Cognitive Market Research

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Pratik Shirsath is an accomplished Research Analyst with extensive expertise in the agriculture sector, bringing over one years of experience in market research and analysis. Pratik specializes in secondary research, competitive benchmarking, and data-driven insights that empower organizations to make strategic decisions and achieve their goals.

In his current role, Pratik leads research projects focused on the agriculture sector, driving initiatives that identify emerging market trends, assess competitive landscapes, and uncover growth opportunities. His proficiency in designing effective research methodologies and translating complex data into actionable strategies has consistently supported his organization’s objectives.

Pratik's dedication to delivering high-quality research and his in-depth knowledge of the agriculture industry have made him a trusted resource for his team and stakeholders. Passionate about innovation and sustainability in agriculture, he remains committed to advancing his expertise to navigate the evolving challenges and opportunities in the sector.

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