Soybean Meal Market Report 2025

This Soybean Meal market report delivers an in-depth analysis of the market’s key characteristics, including size, growth potential, and segmentation. It provides a detailed breakdown of the market across major regions and leading countries, highlighting historical data and future growth projections. The report also examines the competitive landscape, market share insights, emerging trends, and strategic developments shaping the market.

The soybean meal market size has grown strongly in recent years. It will grow from $100.36 billion in 2024 to $107.04 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to increasing livestock production, growth in biofuel production, rise in dairy production, growth in soybean farming, and increasing investment in agriculture.

The soybean meal market size is expected to see strong growth in the next few years. It will grow to $136.5 billion in 2029 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to growing global population, increasing global demand for protein-rich animal feed, increasing adoption of sustainable and efficient livestock farming practices, rising global demand for animal feed, and increasing meat consumption. Major trends in the forecast period include technological advancements, plant-based diets, organic farming, digital technologies, and feed management systems.

The rising demand for protein-rich animal feed is expected to boost the growth of the soybean market. Protein-rich animal feed, which supports the growth, reproduction, and overall health of livestock and poultry, is increasingly in demand due to factors such as the growing global population, rising meat consumption, and the need for more efficient livestock production. Soybean meal is a key component of this feed, offering a high-quality, cost-effective source of protein and essential amino acids necessary for the development and health of animals. For instance, in October 2023, the Foreign Agricultural Service, a US-based agency, reported that soybean meal exports reached a record high of approximately 13.2 million metric tons for the marketing year 2022/23, valued at nearly $7 billion. Projections for the 2023/24 marketing year indicate that U.S. soybean meal exports are expected to set another record, reaching 13.9 million metric tons. This increasing global demand for protein-rich animal feed is driving the growth of the soybean market.

Key players in the soybean meal market are focusing on innovative products such as traceable soy products to enhance sustainability and improve the efficiency of the soybean supply chain. Traceable soy products are soybean-based items with trackable origins and supply chains, ensuring transparency from production to consumption. For example, in July 2024, Archer-Daniels-Midland Company, a US-based food processing and commodities trading firm, introduced fully traceable soybean meal and oil. This initiative, part of ADM’s resource program, involves over 5,300 North American farmers to ensure sustainable soybean sourcing and traceability throughout the supply chain. The program utilizes technologies such as the FBN Gradable digital platform along with ADM’s origination and transportation capabilities to verify and trace soybeans from the farm to the final destination.

In March 2023, Corteva Inc., a US-based agricultural chemical and seed company, formed a partnership with Bunge for an undisclosed amount. This collaboration aims to enhance the nutritional profile of soybean meal for the animal feed industry, targeting poultry, swine, and aquaculture. The partnership also seeks to develop new soybean varieties that provide additional revenue streams for farmers, while helping feed manufacturers reduce their reliance on synthetic additives, lower costs, and decrease their carbon footprint. Bunge is a US-based provider of soybean meal.

Major companies operating in the soybean meal market are Cargill Incorporated, Archer Daniels Midland Company, Mitsui & Co Ltd., Wilmar International Limited, Marubeni Corporation, Bunge Limited, Viterra, CHS Inc., Louis Dreyfus Company, Granol Industria, Ajinomoto Co Inc., Ingredion Incorporated, Denofa, COFCO Corporation, Ajanta Soya Limited, Vippy Industries Limited, Shandong Heduoduo Biotechnology Co Ltd., Riceland Foods Inc., Minnesota Soybean Processors, Titan Biotech Limited, Nordic Soya, Yihai Kerry Investments Co Ltd., Eco Export, Gauri Agrotech Products Private Limited.

Asia-Pacific was the largest region in the soybean meal market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the soybean meal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the soybean meal market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Soybean meal is a byproduct derived from the extraction of soybean oil, produced after crushing soybeans to remove the oil. It is widely used as a high-protein feed ingredient for livestock, poultry, and aquaculture due to its rich protein content and essential amino acids. Additionally, soybean meal has applications in human food products and various industrial uses.

The main types of soybean meal are food grade and industrial grade. Food-grade soybean meal is a high-protein byproduct specifically produced for human consumption and is used in products such as protein powders and meat alternatives. It can be either organic or conventional and is available in various forms, including powder, oil, and granular. It is distributed through different channels, including offline, business-to-business (B2B), and online, and is utilized in food products, beverages, healthcare items, dietary supplements, animal feed, and other applications.

The soybean meal market research report is one of a series of new reports that provides soybean meal market statistics, including soybean meal industry global market size, regional shares, competitors with a soybean meal market share, detailed soybean meal market segments, market trends and opportunities, and any further data you may need to thrive in the soybean meal industry. This soybean meal market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The soybean meal market consists of sales of soybean hulls, soybean oil, soy protein concentrates, soy protein isolates and textured soy protein. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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