Global Soybean Market Poised for Growth, Expected to Reach US$ 245.89 Billion by 2032 [Yahoo! Finance]
DuPont de Nemours, Inc. (DD)
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Source: Yahoo! Finance
In a significant forecast that underscores the burgeoning potential of the global agrarian sector, the international soybean market is projected to achieve a valuation of US$ 245.89 billion by 2032. This leap from US$ 165.56 billion in 2023 translates to a compound annual growth rate (CAGR) of 4.49% from 2024 to 2032. Soybeans, essential for their protein and oil content, have become a cornerstone in the dietary and economic patterns worldwide. The global landscape of soybean production has witnessed considerable shifts with countries such as the United States, Brazil, and Argentina playing pivotal roles. Notably, Brazil has emerged as a leader in production volumes. On the consumption aspect, the expected rise of a new middle class globally necessitates an additional 80 million metric tons of soybeans in the next decade to support the feed, food, and fuel markets. Offering insight into this expanding demand is the role of China, dominating the import markets with a significant 60%
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Earnings
- 5/1/24 - Beat
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Sec Filings
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- 6/13/24 - Form 11-K
- 6/7/24 - Form 8-K
- DD's page on the SEC website