Thailand Soybean Market (2025-2031) Outlook | Industry, Trends, Revenue, Forecast, Growth, Size, Share, Analysis, Value & Companies

Thailand Soybean Market Synopsis

The Thailand soybean market has also been on an upward trajectory, driven by the need for soybeans as a raw material for soy-based products such as tofu, soy milk, and soy sauce. Additionally, soybeans are a key component of animal feed, contributing to their consistent demand in the agriculture sector.

Drivers of the Market

One of the major drivers of the soybean market in Thailand is the shifting dietary preferences of the population. Soybeans and soy-based products have gained popularity as healthier alternatives to animal-based proteins. As Thai consumers become more health-conscious, there is an increasing demand for soy-based food products, including tofu, soy milk, and soybean oil. Growing awareness about the health benefits of soybeans is another driving factor. Soybeans are rich in protein, fiber, and essential nutrients. They are believed to have various health benefits, including heart health, weight management, and cholesterol reduction. This increased awareness is boosting the consumption of soy-based products.

Challenges of the Market

The Thailand Soybean market faces challenges related to import dependency and market competition. Thailand heavily relies on soybean imports, making the market susceptible to price fluctuations and supply chain disruptions. Moreover, competition from alternative protein sources like pulses and plant-based proteins poses a threat. Achieving self-sufficiency in soybean production and diversifying sources of protein are key challenges in this market.

COVID-19 Impact on the Market

The Thailand Soybean market faced mixed consequences due to the COVID-19 pandemic. While the soybean supply chain experienced disruptions in the early stages of the pandemic, there was a shift towards soybean cultivation as an alternative crop due to its resilience and market demand. This led to increased domestic production. However, the export-oriented segment of the market faced challenges due to international trade restrictions. The soybean market eventually rebounded as global demand for soybeans, especially in the livestock feed industry, remained steady.

Key Players in the Market

The Thailand soybean market plays a vital role in the country`s agricultural sector. Leading players in this industry, including Thai Agri-Products Co., Ltd. and Soybean Solutions Thailand, have worked tirelessly to promote sustainable soybean farming practices. They collaborate with farmers to implement responsible agricultural techniques and ensure the quality and safety of their soybeans. These companies also play a pivotal role in the soybean supply chain, facilitating the distribution of soybeans to various sectors, from food processing to animal feed production.

Key Highlights of the Report:

• Thailand Soybean Market Outlook
• Market Size of Thailand Soybean Market, 2024
• Forecast of Thailand Soybean Market, 2031
• Historical Data and Forecast of Thailand Soybean Revenues & Volume for the Period 2021-2031
• Thailand Soybean Market Trend Evolution
• Thailand Soybean Market Drivers and Challenges
• Thailand Soybean Price Trends
• Thailand Soybean Porter's Five Forces
• Thailand Soybean Industry Life Cycle
• Historical Data and Forecast of Thailand Soybean Market Revenues & Volume By Applications for the Period 2021-2031
• Historical Data and Forecast of Thailand Soybean Market Revenues & Volume By Crush for the Period 2021-2031
• Historical Data and Forecast of Thailand Soybean Market Revenues & Volume By Feed Use for the Period 2021-2031
• Historical Data and Forecast of Thailand Soybean Market Revenues & Volume By Food Use for the Period 2021-2031
• Thailand Soybean Import Export Trade Statistics
• Market Opportunity Assessment By Applications
• Thailand Soybean Top Companies Market Share
• Thailand Soybean Competitive Benchmarking By Technical and Operational Parameters
• Thailand Soybean Company Profiles
• Thailand Soybean Key Strategic Recommendations