The United States Soybean Market is expected to reach US$ 51.06 billion in 2024 and is anticipated to grow up to US$ 73.12 billion in 2033 at a CAGR of 4.07% during the forecast period from 2025 to 2033. This growth is fueled by demand for plant-based proteins, enhanced use in animal feed, food items, industrial uses, and increasing exporting opportunities, especially to Asia and other emerging countries.
In addition to these conventional applications, soybeans are becoming more sought after in the food industry of humans, particularly for plant-based foods. Tofu, soy milk, tempeh, and meat substitute are some of the products that feed the expanding health-fo-ocused and vegetarian consumers. Soybeans also support industrial industries in terms of uses such as biodiesel, biodegradable plastic, and green products. America is still among the leading world soybean producers and exporters. Their popularity is driven by health trends, sustainability initiatives, and increasing global demand for protein-rich, plant-based sources of food, keeping soybeans an ongoing force in the American economy and consumer market.
United States Soybean Market Outlook
Soybean is one of the most versatile legumes that features prominently in the U.S. agricultural industry. Soybean is renowned for its high protein and oil content, making it irreplaceable in many industries. In the United States, soybeans are mostly converted into soybean oil, used extensively for cooking purposes, and soybean meal, which forms an integral part of livestock and poultry feed.In addition to these conventional applications, soybeans are becoming more sought after in the food industry of humans, particularly for plant-based foods. Tofu, soy milk, tempeh, and meat substitute are some of the products that feed the expanding health-fo-ocused and vegetarian consumers. Soybeans also support industrial industries in terms of uses such as biodiesel, biodegradable plastic, and green products. America is still among the leading world soybean producers and exporters. Their popularity is driven by health trends, sustainability initiatives, and increasing global demand for protein-rich, plant-based sources of food, keeping soybeans an ongoing force in the American economy and consumer market.
Growth Drivers in the United States Soybean Market
Increasing Demand for Plant-Based Protein
With the growing health awareness and search for sustainable food diets among U.S. consumers, there is a significant trend towards including plant protein sources in their day-to-day diets. Of all such alternatives available, soybeans are an excellent option, courtesy of their high protein value, which has all nine of the essential amino acids, thus making them a complete protein. Moreover, the adaptability of soybeans supports an immensely diverse array of food products, including such classic staples as tofu and tempeh to newer, high-tech meat substitutes and dairy alternatives like soy milk and yogurt. The popularity of vegan, vegetarian, and flexitarian diets has grown immensely, greatly increasing the demand for foods derived from soybeans. This increasing trend is complemented by expanding knowledge of the environmental footprint of animal agriculture, resulting in many consumers turning to more sustainable diet choices. May 2025, Bunge launched a new range of soy protein concentrates at IFFA last week in an effort to deliver top-quality plant-protein solutions to manufacturers of foods and beverages. These products will be manufactured in Bunge's new plant in Morristown, Indiana, the world's largest food-grade plant protein facility. This US$550 million investment highlights Bunge's strategy to fulfill growing global demand for plant-based proteins while improving sustainability and supply chain efficiency.Growing Industrial and Biofuel Applications
Soybeans serve an essential function not only for our food chain but also for use in industrial applications, primarily in the fast-emerging field of biodiesel production. The rising application of government policies promoting the use of renewable energy and sustainable fuel sources has tremendously increased demand for soybean oil as an input for biofuel. In addition, the diversity of soy derivatives is becoming increasingly prominent, making their way into the production of biodegradable plastics and other eco-products. Their increasing use further increases the market value of soybeans beyond the conventional realm of agriculture to an eco-friendlier and sustainable future. July 2025, American biofuel manufacturers are expected to consume more than half of the country's soybean oil next year due to new federal measures like higher blending requirements and limits on overseas biofuel imports. The USDA's monthly report increased the projection of soybean oil consumption by biofuel producers in the 2025/26 marketing year to a record 15.5 billion pounds, up 11.5% from last month and 26.5% from the current year.Rising Export Opportunities
The United States is a force to be reckoned with when it comes to the international soybean market, consistently proving itself to be one of the primary exporters. This is also reflected with the growing demand for U.S. soybeans from key nations like China and many emerging countries. These countries heavily rely on American soybeans not just for animal feed but for their thriving food production industries as well. The strong trade relationships established between America and these countries along with a persistent worldwide demand for high-quality soybeans are fertile grounds for continued growth prospects. This dynamic setting supports the growth of the U.S. soybean market, reaffirming its crucial position within the agricultural sector. Soybean exports are a significant contributor to the success of U.S. agriculture. Close to 60% of the U.S. soybean crop is exported as soybeans, soy meal, or soy oil. The U.S. Soybean Export Council operates in over 85 nations to increase market access and increase international demand for American soy.Obstacles in the United States Soybean Industry
Price Volatility and Trade Uncertainty
Soybean prices are extremely responsive to international market forces, weather, and geopolitical events. Trade tensions, tariffs, and unstable demand from leading importers such as China can imbalance the market and precipitate unstable prices. The uncertainty thus creates tremendous problems for farmers, exporters, and investors in the U.S. soybean industry.Environmental and Sustainability Concerns
Soybean production is widely condemned for its ecological effects, such as deforestation, soil erosion, and excessive water consumption. With more emphasis on sustainability by consumers and regulators, the industry is under pressure to adopt greener production practices. Ensuring that these expectations are met without impairing profitability is a serious challenge for soybean producers.United States Organic Soybean Market
The United States organic soybean market is expanding steadily due to increased demand from consumers for food and beverage products that are non-GMO and free of pesticides. Organic soybeans find most of their application in health-oriented food and beverage applications such as tofu, soy milk, and meat alternatives. They also meet organic animal feed requirements. Increased prices and scarcity pose challenges, but health awareness and sustainability trends are increasingly fueling the growth of the market.United States Processed Soybean Market
Processed soybeans are the cornerstones of various U.S. industries such as food manufacturing, animal feed, and industrial uses. Soybean oil, soybean meal, and textured vegetable protein (TVP) are commonly used in various industries. Demand for processed soybeans is strong owing to their diversity and integral position in various supply chains, ranging from food manufacturing to the production of renewable energy.United States Soybean Food & Beverages Market
Soybeans are crucial in the American food and beverage industry, especially in health-focused and plant-based offerings. From soy milk and tofu to protein bars and meat substitutes, soy-based foods meet various dietary needs. Increasing demand for environmentally friendly, high-protein, and vegan foods continues to propel innovation and growth in this industry.United States Soybean Market
The American soybean market is a vital part of the nation's agricultural sector. Leading both domestic use and international exports, soybeans are major ingredients in food, animal feed, industrial items, and biofuels. Consumer trends toward plant-based diets, increasing worldwide protein demand, and sustainability also further tie soybeans to the center of agriculture, trade, and industry expansion.California Soybean Market
California's soybean market is enhanced by the state's focus on health-oriented, plant-based diets. Soy products such as tofu, soy milk, and meat alternatives fit into California's forward-thinking food culture and environmental platform. Although not a top producer, California is a major consumer market, facilitating organic and processed soybean product expansion through its strong retail and health foods industries.Texas Soybean Market
Texas, being a top agricultural state, has a significant role to play in soybean production and processing. The state's soybean market is used to support livestock feed and biofuel businesses, which are parallel to Texas's larger agriculture and energy industries. As renewable energy and protein-type animal feed gain more interest, Texas is still experiencing stable demand for soybeans in established and new markets.New York Soybean Market
New York's soybean market is driven by urban consumer demand for plant-based and health-oriented eating. The state's robust food and beverage sector incorporates soybeans into many products ranging from dairy substitutes to snack foods. New York is also conducive to organic and sustainable farming, further promoting organic soybean growth to maintain consumers' demands for clean and ethical food sources.Washington Soybean Market
Washington's soybean market is supported by the state's environmentally aware population and preference for plant-based, sustainable foods. There is strong demand in the food and beverage industry, especially for organic and processed soy products. Washington's ports also support soybean exports to Asia, increasing the role of the market in international trade while complementing the state's interest in sustainability and agricultural innovation.Market Segmentation
Nature
- Conventional
- Organic
Form
- Processed
- Raw
End User
- Food & Beverages
- Animal-feed
- Others
Top 10 States
- California
- Texas
- New York
- Florida
- Illinois
- Pennsylvania
- Ohio
- Georgia
- Washington
- New Jersey
- Rest of United States
Key Players Analysis (Overviews, Key Persons, Recent Developments, SWOT Analysis, Revenue Analysis)
- Kerry Group plc.
- Fuji Oil Co., Ltd.
- House Foods Corporation
- Danone North America
- DuPont de Nemours, Inc.
- CHS Inc.
- Cargill Inc.
- Scoular
- Archer-Daniels-Midland Co.
Table of Contents
1. Introduction3. Executive Summary11. Value Chain Analysis
2. Research & Methodology
4. Market Dynamics
5. United States Soybean Market
6. Market Share Analysis
7. Nature
8. Form
9. End User
10. Top 10 States
12. Porter's Five Forces Analysis
13. SWOT Analysis
14. Pricing Benchmark Analysis
15. Key Players Analysis
Companies Mentioned
The major companies profiled in this United States Soybean market report include:- Kerry Group plc.
- Fuji Oil Co., Ltd.
- House Foods Corporation
- Danone North America
- DuPont de Nemours, Inc.
- CHS Inc.
- Cargill Inc.
- Scoular
- Archer-Daniels-Midland Co.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | July 2025 |
| Forecast Period | 2024 - 2033 |
| Estimated Market Value ( USD | $ 51.06 Billion |
| Forecasted Market Value ( USD | $ 73.12 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | United States |
| No. of Companies Mentioned | 10 |
