Soybean Meal Market Report 2026

Soybean Meal Market Overview

• Soybean Meal market size has reached to $105.95 billion in 2025 • Expected to grow to $141.43 billion in 2030 at a compound annual growth rate (CAGR) of 5.9% • Growth Driver: Rising Global Demand For Protein-Rich Animal Feed Fuels Soybean Market Growth • Market Trend: Innovative Developments In Soybean Meal • Asia-Pacific was the largest region and fastest growing region.

What Is Covered Under Soybean Meal Market?

Soybean meal is a byproduct of soybean oil extraction, produced after soybeans are crushed to remove the oil. It is commonly used as a high-protein feed ingredient for livestock, poultry, and aquaculture due to its rich protein content and essential amino acids. Soybean meal can also be used in human food products and various industrial applications. The main types of soybean meal are food grade and industrial grade. Food-grade soybean meal is a high-protein byproduct of soybean processing, specifically produced for human consumption, often used in food products like protein powders and meat alternatives. It can be both organic and conventional and has various forms, including powder, oil, and granular. It is sold through various channels, such as offline, business to business (B2B), and online, and is applied for food products, beverages, healthcare products, dietary supplements, animal feed, and others.

What Is The Soybean Meal Market Growth Forecast?

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.

What Is The Driver Of The Soybean Meal Market?

The increasing demand for protein-rich animal feed is expected to drive the growth of the soybean market going forward. Protein-rich animal feed is a type of animal feed that contains high levels of protein to support growth, reproduction, and overall health in livestock and poultry. The growing global population, rising meat consumption, and the need for efficient livestock production are driving the increasing demand for protein-rich animal feed. Soybean meal is required for protein-rich animal feed because it provides a high-quality, cost-effective source of protein and essential amino acids crucial for livestock and poultry's growth, development, and health. For instance, in October 2023, according to the Foreign Agricultural Service, a US-based foreign affairs agency, soybean meal exports hit a record high of approximately 13.2 million metric tons in the marketing year 2022/2023 (October-September), with a value nearing $7 billion. In the 2023/2024 marketing year, U.S. soybean meal exports are projected to reach another record, increasing to 13.9 million metric tons. Therefore, increasing global demand for protein-rich animal feed is driving the growth of the soybean market.

Key Players In The Global Soybean Meal Market

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

Global Soybean Meal Market Trends and Insights

Major companies operating in the soybean meal market are focused on developing innovative products, such as traceable soy products, to ensure sustainability and improve the overall efficiency of the soybean supply chain from farm to end destination. A traceable soya product is a soybean-based item for which the origin and supply chain can be tracked and verified from production to final consumption. For instance, in July 2024, Archer-Daniels-Midland Company, a US-based food processing and commodities trading corporation, launched fully traceable soybean meal and oil. This initiative is part of ADM's resource program, which has enlisted over 5,300 North American farmers to ensure sustainable sourcing of soybeans, enabling traceability throughout the entire supply chain. The program leverages innovative technology, including the FBN Gradable digital platform, alongside ADM's origination and transportation capabilities, to verify, trace, and segregate soybeans from the farm to the final destination.

What Are Latest Mergers And Acquisitions In The Soybean Meal Market?

In March 2023, Corteva Inc., a US-based agricultural chemical and seed company, partnered with Bunge to develop and commercialize protein- and amino acid enhanced soybeans. This collaboration seeks to enhance soybean meal's nutritional profile for the animal feed industry, targeting poultry, swine, and aquaculture. Also, it aims to develop soybean varieties that offer new revenue streams for farmers and help feed manufacturers decrease reliance on synthetic additives, cut costs, and reduce their carbon footprint. Bunge is a US-based provider of soybean meal.

What Defines the Soybean Meal Market?

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.

How is Market Value Defined and Measured?

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.

What Key Data and Analysis Are Included in the Soybean Meal Market Report 2026?

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