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Soybean Farming in Manitoba

Author.Name IBISWorld Canada Last Updated: August 2025 NAICS MB11111CA

Soybean Farming in Manitoba industry analysis

Revenue for the Soybean Farming industry in Manitoba is expected to decline an annualized -x.x% to $x.x million over the five years to 2025, while revenue for the national industry will likely decline at -x.x% during the same period. The number of industry establishments has decreased an annualized -x.x% to xxx locations over the past five years. Industry employment has decreased an annualized -x.x% to xxx workers during the period, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, provincial industry revenue is expected to decline an annualized -x.x% to $x.x million, while revenue for the national industry will likely grow x.x%. The number of industry establishments is forecast to grow x.x% to xxx locations over the next five years. Industry employment is expected to decrease an annualized -x.x% to xxx workers during the outlook period, while industry wages likely decrease -x% to $x.x million.

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About the Soybean Farming in Manitoba Market Research Report

What’s Included in the Soybean Farming in Manitoba Market Research Report

Definition of the Soybean Farming in Manitoba?

This industry grows soybeans. Soybeans are most often used in livestock feed and vegetable oils, although a growing proportion of the crop produced by this industry is being used in biofuel production.

What’s included in the Soybean Farming in Manitoba?

The Soybean Farming in Manitoba includes soybean farming and soybean seed production. Related terms covered in the Soybean Farming in Manitoba industry report includes a fuel that is similar to diesel fuel and is usually derived from vegetable sources such as soybean oil, also called agrifuel or biodiesel. a fuel consisting of or derived from dead biological material, usually plants, a substance used to destroy unwanted plants and weeds, while leaving a desired crop relatively unharmed, the solid protein left over after the oil is removed from soybeans, a technique whereby specific changes are introduced into a plant's or animal's dna by genetic engineering techniques. the most common modified foods include soybean, corn and canola and the number of soybeans produced per acre of land. for soybeans, this is measured in bushels per acre.

Industry Performance of the Soybean Farming industry in Manitoba

Benchmark the Soybean Farming in Manitoba industry performance with all MB Census Metropolitan Area and national performance.

Soybean Farming in Manitoba

#3 in Highest Revenue 6.2% of province's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Soybean Farming in Canada


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Soybean Farming industry in Manitoba

See how key industry drivers, such as population, gross domestic product, median houshold income, world price of soybeans, gdp of mainland china and world price of crude oil are impacting Soybean Farming in Manitoba

Manitoba Economic Indicators

Population
Gross Domestic Product
Median Houshold Income

View more economic information in MB State Economic profile

Canada Key External Drivers

World price of soybeans
GDP of mainland China
World price of crude oil

For the full list of industry drivers, see report purchase options.

Census Metropolitan Area Data of the Soybean Farming industry in Manitoba

Access proprietary data on Census Metropolitan Area in the Soybean Farming in Manitoba, such as Winnipeg, Winkler and Portage La Prairie. Data includes figures on revenue, establishments, employees and wages by Census Metropolitan Areas.

Key Statistics of the Soybean Farming industry in Manitoba

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Soybean Farming industry in Manitoba in 2025?

The market size of the Soybean Farming industry in Manitoba is $261.0m in 2025.

How many businesses are there in the Soybean Farming industry in Manitoba in 2025?

There are 279 businesses in the Soybean Farming industry in Manitoba, which has been declining at an average annual rate of -10.8% from 2020 to 2025.

Has the Soybean Farming industry in Manitoba grown or declined over the past 5 years?

The market size of the Soybean Farming industry in Manitoba has been declining at an average annual rate of -7.5% from 2020 to 2025.

How many employees in the Soybean Farming industry in Manitoba in 2025?

There are 256 employees in the Soybean Farming industry in Manitoba, which has been declining at an average annual rate of -14.7% from 2020 to 2025.