Soybean Meal Global Market Report 2026

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.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are impacting the soybean meal market by influencing cross-border trade flows of soybeans and processed meal, increasing procurement costs for feed manufacturers and food processors. Major importing regions such as Asia-Pacific and Europe are particularly affected due to reliance on soybean meal imports from North and South America. These tariffs have contributed to price volatility and supply chain uncertainty. However, they are also encouraging domestic soybean processing, diversification of sourcing regions, and greater investment in local feed production infrastructure.

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 $105.95 billion in 2025 to $112.31 billion in 2026 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to expansion of livestock and poultry production, increasing soybean crushing capacity, rising demand for protein-rich feed ingredients, growth of commercial animal farming, improved feed formulation practices.

The soybean meal market size is expected to see strong growth in the next few years. It will grow to $141.43 billion in 2030 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to growing demand for sustainable feed sources, rising aquaculture feed consumption, increasing use of plant-based proteins, expansion of organic food production, strengthening global feed supply chains. Major trends in the forecast period include increasing demand for high-protein animal feed ingredients, rising adoption of non-gmo and organic soybean meal, growing use of soybean meal in aquaculture feed, expansion of industrial and food-grade applications, enhanced focus on traceability and quality standards.

The rising demand for protein-rich animal feed is anticipated to propel the growth of the soybean market in the coming years. Protein-rich animal feed refers to feed formulations that contain high protein levels to support growth, reproduction, and overall health in livestock and poultry. Factors such as global population growth, increasing meat consumption, and the need for more efficient livestock production are driving the demand for protein-rich animal feed. Soybean meal is a key component of protein-rich animal feed as it offers a high-quality, cost-effective source of protein along with essential amino acids that are vital for the growth, development, and health of livestock and poultry. For example, in October 2023, according to the Foreign Agricultural Service, a US-based foreign affairs agency, soybean meal exports reached a record level of approximately 13.2 million metric tons during the 2022/2023 marketing year (October-September), with a value close to $7 billion. In the 2023/2024 marketing year, U.S. soybean meal exports are expected to set another record, rising to 13.9 million metric tons. Therefore, the increasing global demand for protein-rich animal feed is driving the expansion 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, 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 2025. 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, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the soybean meal market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada

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 Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses 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.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 16 geographies.
• Assess the impact of key macro factors such as geopolitical conflicts, trade policies and tariffs, inflation and interest rate fluctuations, and evolving regulatory landscapes.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on end user analysis.
• Benchmark performance against key competitors based on market share, innovation, and brand strength.
• Evaluate the total addressable market (TAM) and market attractiveness scoring to measure market potential.
• Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
• Report will be updated with the latest data and delivered to you within 2-3 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

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, including technological disruption, regulatory shifts, and changing consumer preferences? 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, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, 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. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• 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 technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• 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.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• 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 company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Food Grade; Industrial Grade
• 2) By Source: Organic; Conventional
• 3) By Form: Powder; 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; 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; Nordic Soya; Yihai Kerry Investments Co Ltd.; Eco Export; Gauri Agrotech Products Private Limited
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Italy; Spain; Canada
• Regions: Asia-Pacific; South East Asia; 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: Word, PDF or Interactive Report
• + Excel Dashboard
• Added Benefits
• Bi-Annual Data Update
• Customisation
• Expert Consultant Support

Added Benefits available all on all list-price licence purchases, to be claimed at time of purchase. Customisations within report scope and limited to 20% of content and consultant support time limited to 8 hours.