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procurement queries with relevant data points
Abi - AI powered digital procurement assistant
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Get up-to-date market and supplier info on Soybean to help you build
Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices
Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices
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Assess Supplier Risk based on key risk and compliance parameters
Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.
Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus
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Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography
Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings
Assess Category Performance
Benchmark your category performance against peers and the market
Measure category performance on 15 key parameters across cost, risk and strategy KPIs
Source Market Indices
Get information on key factors affecting your supply
Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics
Meet Abi
Discover Market Info
Manage Risk
Find Suppliers
Assess Category Performance
Source Market Indices
Abi will answer all Soybean related
procurement queries with relevant data points
Abi - AI powered digital procurement assistant
Get up-to-date market and supplier info on Soybean to help you build
Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices
Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices
Assess Supplier Risk based on key risk and compliance parameters
Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.
Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus
Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography
Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings
Benchmark your category performance against peers and the market
Measure category performance on 15 key parameters across cost, risk and strategy KPIs
Get information on key factors affecting your supply
Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics
2.9 Percent
628 MMT
Category Intelligence on Soybean covers the following
The global soybean supply witnessed a steady growth of 2.9% CAGR during 2014–2020 crop years. The crop supply for 2020-21 is expected to improve by 9.8% against the current crop year 2019-20.
The versatility of edible forms and nutritious value act as growth drivers for the global soybean market. As consumers shift toward diet-conscious regimens, soybean offers a perfect substitute for meat, dairy, and poultry-intensive diets.
The soybean market is exhibiting stable growth, despite the cut in the demand for biofuel amidst the COVID-19 crisis. The competitive price of soybean oil, compared to that of palm and sunflower oil, coupled with the potential demand growth for biofuels and increasingly conducive environmental norms, indicate substantial opportunities for the further growth of the global soybean market.
The demand for soybean by-products such as oil cakes, soybean meal, and others has been surging over the last couple of years. The umpteen nutritional profile of the products has triggered their popularity among consumers. The rising discrete income of consumers in developed countries regions coupled with the better soybean productivity in these regions has fueled the demand for soybean by-products.
Moving forward, soybean meal accents a distinct composition of amino acids and can be used as a substitute for cereal proteins. As such, soybean meal is utilized as a feed for human and animal consumption as well.
The prevalence of cardiovascular diseases (CVD) is influencing consumers to increasingly turn to healthier cooking oil alternatives. CVDs are a leading cause of mortality in the developed regions, especially in the US. Health-centric consumers are looking for heart-friendly and low bad cholesterol substitutes to traditional cooking oil.
Even though substitutes such as olive oil pose a threat to the soybean market outlook, manufacturers are scaling up their production appetites to distribute their offerings at competitive prices.
One of the key challenges for the global soybean market is grain price fluctuations due to climate variations. Uncertainty in the seasonal and climate changes affects the crops due to uneven rainfall patterns and thus directly affects the manufacturing of soybean.
Various studies have associated soy food items with potential side effects such as cancer risk, menopause symptoms, and risen cholesterol levels. Moreover, soy allergy is one of the most prevalent food allergies, especially in infants and toddlers. While in some cases, the allergy recedes during infancy, in worst cases, the issue persists through adulthood.
Contract Structure
Price Benchmarking
Best Sourcing Months
Based on the seasonality of soybean, the prices of soybeans are expected to witness the lowest levels during October, November, and December in the crop year.
Best Sourcing Regions
Benzoic Acid Supply Scenario Contract Structures
This soybean market report comprises first-hand insights, quantitative and qualitative analysis by research analysts, and inputs from industry participants and experts across the value chain. The report offers a comprehensive assessment of macro-economic indicators, parent market trends, and deciding factors coupled with the market attractiveness based on segments and sub-segments. It outlines the major market forces influencing the soybean forecast across various geographies. Furthermore, this research study sheds light on the key technology trends and development taking place in the global soybean industry.
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