Soybean Meal Global Market Report 2025

Description

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 from The Business Research Company 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 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.

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.

Soybean Meal Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on soybean meal market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for soybean meal ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The soybean meal market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Type: Food Grade; Industrial Grade
2) By Source: Organic; Conventional
3) By Form: Powder; Oil; Granular
4) By Sales Channel: Offline; Business To Business (B2B); Online
5) By Applications: Food Products; Beverages; Healthcare Products; Dietary Supplements; Animal Feed; Other Applications
Subsegments:
1) By Food Grade: Non-GMO Food Grade Soybean Meal; Organic Food Grade Soybean Meal; Conventional Food Grade Soybean Meal
2) By Industrial Grade: Feed Grade Soybean Meal; Biofuel Production Soybean Meal; Soybean Meal For Industrial Applications
Companies Mentioned: Cargill Incorporated; Archer Daniels Midland Company; Mitsui & Co Ltd.; Wilmar International Limited; Marubeni Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r33893

1. Executive Summary

2. Soybean Meal Market Characteristics

3. Soybean Meal Market Trends And Strategies

4. Soybean Meal Market - Macro Economic Scenario Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market

5. Global Soybean Meal Growth Analysis And Strategic Analysis Framework

5.1. Global Soybean Meal PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
5.2. Analysis Of End Use Industries
5.3. Global Soybean Meal Market Growth Rate Analysis
5.4. Global Soybean Meal Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
5.5. Global Soybean Meal Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
5.6. Global Soybean Meal Total Addressable Market (TAM)

6. Soybean Meal Market Segmentation

6.1. Global Soybean Meal Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Food Grade
Industrial Grade
6.2. Global Soybean Meal Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Organic
Conventional
6.3. Global Soybean Meal Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Powder
Oil
Granular
6.4. Global Soybean Meal Market, Segmentation By Sales Channel, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Offline
Business To Business (B2B)
Online
6.5. Global Soybean Meal Market, Segmentation By Applications, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Food Products
Beverages
Healthcare Products
Dietary Supplements
Animal Feed
Other Applications
6.6. Global Soybean Meal Market, Sub-Segmentation Of Food Grade, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Non-GMO Food Grade Soybean Meal
Organic Food Grade Soybean Meal
Conventional Food Grade Soybean Meal
6.7. Global Soybean Meal Market, Sub-Segmentation Of Industrial Grade, By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
Feed Grade Soybean Meal
Biofuel Production Soybean Meal
Soybean Meal For Industrial Applications

7. Soybean Meal Market Regional And Country Analysis

7.1. Global Soybean Meal Market, Split By Region, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
7.2. Global Soybean Meal Market, Split By Country, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

8. Asia-Pacific Soybean Meal Market

8.1. Asia-Pacific Soybean Meal Market Overview
Region Information, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Soybean Meal Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.3. Asia-Pacific Soybean Meal Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
8.4. Asia-Pacific Soybean Meal Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

9. China Soybean Meal Market

9.1. China Soybean Meal Market Overview
9.2. China Soybean Meal Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.3. China Soybean Meal Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion
9.4. China Soybean Meal Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F,$ Billion

10. India Soybean Meal Market

10.1. India Soybean Meal Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.2. India Soybean Meal Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
10.3. India Soybean Meal Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

11. Japan Soybean Meal Market

11.1. Japan Soybean Meal Market Overview
11.2. Japan Soybean Meal Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.3. Japan Soybean Meal Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
11.4. Japan Soybean Meal Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

12. Australia Soybean Meal Market

12.1. Australia Soybean Meal Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.2. Australia Soybean Meal Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
12.3. Australia Soybean Meal Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

13. Indonesia Soybean Meal Market

13.1. Indonesia Soybean Meal Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.2. Indonesia Soybean Meal Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
13.3. Indonesia Soybean Meal Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

14. South Korea Soybean Meal Market

14.1. South Korea Soybean Meal Market Overview
14.2. South Korea Soybean Meal Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.3. South Korea Soybean Meal Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
14.4. South Korea Soybean Meal Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

15. Western Europe Soybean Meal Market

15.1. Western Europe Soybean Meal Market Overview
15.2. Western Europe Soybean Meal Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.3. Western Europe Soybean Meal Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
15.4. Western Europe Soybean Meal Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

16. UK Soybean Meal Market

16.1. UK Soybean Meal Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.2. UK Soybean Meal Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
16.3. UK Soybean Meal Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

17. Germany Soybean Meal Market

17.1. Germany Soybean Meal Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.2. Germany Soybean Meal Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
17.3. Germany Soybean Meal Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

18. France Soybean Meal Market

18.1. France Soybean Meal Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.2. France Soybean Meal Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
18.3. France Soybean Meal Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

19. Italy Soybean Meal Market

19.1. Italy Soybean Meal Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.2. Italy Soybean Meal Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
19.3. Italy Soybean Meal Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

20. Spain Soybean Meal Market

20.1. Spain Soybean Meal Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.2. Spain Soybean Meal Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
20.3. Spain Soybean Meal Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

21. Eastern Europe Soybean Meal Market

21.1. Eastern Europe Soybean Meal Market Overview
21.2. Eastern Europe Soybean Meal Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.3. Eastern Europe Soybean Meal Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
21.4. Eastern Europe Soybean Meal Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

22. Russia Soybean Meal Market

22.1. Russia Soybean Meal Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.2. Russia Soybean Meal Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
22.3. Russia Soybean Meal Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

23. North America Soybean Meal Market

23.1. North America Soybean Meal Market Overview
23.2. North America Soybean Meal Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.3. North America Soybean Meal Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
23.4. North America Soybean Meal Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

24. USA Soybean Meal Market

24.1. USA Soybean Meal Market Overview
24.2. USA Soybean Meal Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.3. USA Soybean Meal Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
24.4. USA Soybean Meal Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

25. Canada Soybean Meal Market

25.1. Canada Soybean Meal Market Overview
25.2. Canada Soybean Meal Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.3. Canada Soybean Meal Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
25.4. Canada Soybean Meal Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

26. South America Soybean Meal Market

26.1. South America Soybean Meal Market Overview
26.2. South America Soybean Meal Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.3. South America Soybean Meal Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
26.4. South America Soybean Meal Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

27. Brazil Soybean Meal Market

27.1. Brazil Soybean Meal Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.2. Brazil Soybean Meal Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
27.3. Brazil Soybean Meal Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

28. Middle East Soybean Meal Market

28.1. Middle East Soybean Meal Market Overview
28.2. Middle East Soybean Meal Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.3. Middle East Soybean Meal Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
28.4. Middle East Soybean Meal Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

29. Africa Soybean Meal Market

29.1. Africa Soybean Meal Market Overview
29.2. Africa Soybean Meal Market, Segmentation By Type, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.3. Africa Soybean Meal Market, Segmentation By Source, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion
29.4. Africa Soybean Meal Market, Segmentation By Form, Historic and Forecast, 2019-2024, 2024-2029F, 2034F, $ Billion

30. Soybean Meal Market Competitive Landscape And Company Profiles

30.1. Soybean Meal Market Competitive Landscape
30.2. Soybean Meal Market Company Profiles
- 30.2.1. Cargill Incorporated Overview, Products and Services, Strategy and Financial Analysis
- 30.2.2. Archer Daniels Midland Company Overview, Products and Services, Strategy and Financial Analysis
- 30.2.3. Mitsui & Co Ltd. Overview, Products and Services, Strategy and Financial Analysis
- 30.2.4. Wilmar International Limited Overview, Products and Services, Strategy and Financial Analysis
- 30.2.5. Marubeni Corporation Overview, Products and Services, Strategy and Financial Analysis

31. Soybean Meal Market Other Major And Innovative Companies

31.1. Bunge Limited
31.2. Viterra
31.3. CHS Inc.
31.4. Louis Dreyfus Company
31.5. Granol Industria
31.6. Ajinomoto Co Inc.
31.7. Ingredion Incorporated
31.8. Denofa
31.9. COFCO Corporation
31.10. Ajanta Soya Limited
31.11. Vippy Industries Limited
31.12. Shandong Heduoduo Biotechnology Co Ltd.
31.13. Riceland Foods Inc.
31.14. Minnesota Soybean Processors
31.15. Titan Biotech Limited

32. Global Soybean Meal Market Competitive Benchmarking And Dashboard

33. Key Mergers And Acquisitions In The Soybean Meal Market

34. Recent Developments In The Soybean Meal Market

35. Soybean Meal Market High Potential Countries, Segments and Strategies

35.1 Soybean Meal Market In 2029 - Countries Offering Most New Opportunities
35.2 Soybean Meal Market In 2029 - Segments Offering Most New Opportunities
35.3 Soybean Meal Market In 2029 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer