So much has changed for soybeans over the past year that even some of the companies with decades of experience at producing the crop are in shock.
The mainstay of soybean production, clarkons soy products has seen its market share fall over the last three years.
And while SoyLabs, the company that makes soy milk and tofu, has seen sales jump by a third since 2015, it’s no longer able to sell a single million metric tons of soybeans a year due to the drought and climate change, according to the company’s president.
So many soy products are now under threat that it’s been a tough time for the company.
And yet, SoyLaws’ biggest competitor, GMA Foods, is making some big changes in its production.
So have the companies in the business of growing and processing soybeans.
Clarkson Soy Products is the largest soy processor in the U.S. and its product portfolio includes soy milk, soy products for tofu and soybeans for soups, salads, baked goods, pasta sauces, sauces and more.
It has been growing at a solid clip over the years, reaching market value of $20 billion in 2017.
GMA has been gaining ground since 2014, and it’s now the largest processor in California.
And as of last year, the two companies had nearly $10 billion in combined sales.
The company is now working to create a new division, called GMA Soy Products, that will specialize in producing soy milk.
So it’s a huge win for the farmers who produce soy milk for consumers in the state of California.
The state of San Francisco, where the two businesses operate out of, has been struggling with a drought, which has reduced farm output by as much as 15 percent annually.
The region is also in the midst of a major water crisis, with many farms and farms across the region that are large and large farmers, including some of GMA’s biggest customers, struggling to find enough water to make a profit.
GMA Soy products will create an organic, all-natural product line for California consumers.
“We’re excited to be working with GMA to create an all-new line of organic soy products to satisfy the growing demand for organic soybeans,” said Tom Clark, chairman and CEO of Clarkson Foods.
For GMA, the transition to new products and growing demand is just part of a much bigger shift.
“Over the last 10 years, we’ve focused on providing our customers with the highest quality soy products available,” Clark said.
The move to new lines of products is something that’s already happening in other areas of the company, too.
Gma has been focusing on producing soymilk for people and animals for decades, Clark said, and the company has also been adding soy milk to its soy products line of soy protein bars and soy yogurt.
But it’s in the soy products market that the company is most focused, Clark added.
It’s also expanding into other products, including soy-based supplements and soy products made from soybeans, including SoyLains, which is making soy protein shakes and soy sauce.
One of the big new products is SoyLakes, which will be available in California beginning in 2018.
The new SoyLays line of products are the first soy-milk based soy drinks, Clark told Reuters.
All of the soy-derived products are made with soybeans and soy ingredients.
They include SoyLans, SoyMakes, SoyFoods and SoyMilks, which Clark said will be made from a combination of soy and other ingredients.
Clark told Reuters that the new SoyFood and SoyLaks products will also be available for purchase, including in the grocery store.
Meanwhile, SoyMilk, the soy protein drink, is currently available in the store in the form of soy milk pods, but Clark said he hopes to be able to make the soy milk drink available to consumers in grocery stores.
When it comes to the soy product market, Gma is expanding into the dairy business, too, Clark announced.
Its soy milk products will be used for dairy and soy-protein drinks in the dairy and milk industries.
And GMA will make soy milk milk and soy milk ice cream, Clark says.
More than a year ago, Clark and GMA were looking at a partnership to create SoyMilK.
That deal fell through and Gma had to sell its soy milk business to another company, Clark explained.
At the time, Clark was hoping to focus on the soymilks and soymilaks.
That is no longer the case, he said.
Clark said GMA now plans to focus more on the dairy market, but he said that they are still open to exploring other options.
That will come down to a few things, Clark concluded.