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Legume Growing in China Industry Data and Analysis
China is one of the world's major consumers of legumes. With the rapid development of China's economy, the dietary structure of residents has changed, and the demand for legume products is gradually increasing. Revenue for Legume Growing industry in China is expected to increase at an annualized rate of 1.9% over the five years through 2024, to $19.4 billion. In 2024, industry revenue is expected to increase by 1.6% year-on-year.As legumes are not high-yielding crops and large quantities of competing imports have lowered domestic legume prices, many farmers have reduced their legume planting areas in favor of more profitable crops, like corn. Competing imports have increased at an annualized rate of 10.2% over the five years through 2024. Competing imports will account for 76.8% of total domestic demand in 2024. Industry profit is expected to total 4.2% of revenue in 2024. Total wages are expected to rise by an annualized 3.3% over the five years through 2024, to $2.2 billion. Because of the low price and good quality of soybeans exported by the US, Brazil and other countries, the profit margin of the industry is difficult to improve under the pressure of external competition. The profit margin of the industry is very low, and the cost of wages is high due to the large need for labor in the industry.To improve the concentration of the industry, the number of industry enterprises will rise in the next five years. The industry will gradually improve the overall technology with the support of the Government. The industry is greatly affected by climate change and natural disasters, and the company's operation can enhance the ability to resist risks, and the industry will continue to develop. Consumer demand for plant-based foods will increase in the future, which will boost the industry's revenue. Industry revenue is expected to increase an annualized 1.9% over the five years through 2029 to total $21.3 billion.
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What's included in this industry analysis
IBISWorld's research coverage on the Legume Growing industry in China includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released July 2025.
About this industry
What's this industry report about?
The Legume Growing industry in China operates under the industry code 0114. The Legume Growing industry in China grows soybeans, peas, green beans and other types of legumes. Related terms covered in the Legume Growing industry in China include yield, pesticide, genetically modified and mu.
What's included in this industry?
Products and services covered in Legume Growing industry in China include Beans, Peas and Other legumes.
What companies are included in this industry?
Companies covered in the Legume Growing industry in China include Heilongjiang Agriculture Company Limited.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Legume Growing industry in China.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Legume Growing industry in China.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Legume Growing industry in China.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Legume Growing industry in China. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Legume Growing industry in China. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Legume Growing industry in China. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Legume Growing industry in China. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Legume Growing industry in China.
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Frequently Asked Questions
What is the market size of the Legume Growing industry in China in 2026?
The market size of the Legume Growing industry in China is $19.4bn in 2026.
How many businesses are there in the Legume Growing industry in China in 2025?
There are 13,818 businesses in the Legume Growing industry in China, which has grown at a CAGR of 0.6 % between 2020 and 2025.
How may import tariffs affect the Legume Growing industry in China?
The Legume Growing industry in China is likely to be significantly impacted by import tariffs with imports accounting for a high share of industry revenue.
How may export tariffs affect the Legume Growing industry in China?
The Legume Growing industry in China is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Legume Growing industry in China grown or declined over the past 5 years?
The market size of the Legume Growing industry in China has been growing at a CAGR of 1.9 % between 2020 and 2025.
What is the forecast growth of the Legume Growing industry in China over the next 5 years?
Over the next five years, the Legume Growing industry in China is expected to grow.
What are the biggest companies in the Legume Growing industry in China?
The biggest company operating in the Legume Growing industry in China is Heilongjiang Agriculture Company Limited
What does the Legume Growing industry in China include?
Beans and Peas are part of the Legume Growing industry in China.
Which companies have the highest market share in the Legume Growing industry in China?
The company holding the most market share in the Legume Growing industry in China is Heilongjiang Agriculture Company Limited.
How competitive is the Legume Growing industry in China?
The level of competition is moderate and steady in the Legume Growing industry in China.
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