With a focus on actionable insights and strategic value, The Business Research Company’s 2026 market reports include market attractiveness scoring, total addressable market sizing, company benchmarking matrices, interactive Excel dashboards, deeper supply chain intelligence, emerging startup tracking, and granular product-level insights.
How Much Will The Soybean Meal Market Be Worth By 2030?
The soybean meal market has experienced robust expansion recently. Projections indicate its size will increase from $105.95 billion in 2025 to $112.31 billion in 2026, demonstrating a compound annual growth rate (CAGR) of 6.0%. Historically, this growth has stemmed from factors such as the expansion of livestock and poultry production, an increase in soybean crushing capacity, a rising demand for protein-rich feed ingredients, the proliferation of commercial animal farming, and enhanced feed formulation practices.
The market for soybean meal is anticipated to experience robust expansion over the coming years. By 2030, its valuation is projected to reach $141.43 billion, demonstrating a compound annual growth rate (CAGR) of 5.9%. This growth during the forecast period is attributable to several factors, including the increasing demand for sustainable feed sources, a surge in aquaculture feed consumption, the growing utilization of plant-based proteins, the expansion of organic food production, and the strengthening of global feed supply chains. Key trends expected during this period encompass a heightened demand for high-protein animal feed ingredients, the increasing embrace of non-GMO and organic soybean meal, a greater application of soybean meal in aquaculture feed, the broadening of industrial and food-grade uses, and an increased emphasis on traceability and quality standards.
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The Key Driver Behind The Soybean Meal Market’s 5.9% CAGR
The future expansion of the soybean market is anticipated due to the rising need for protein-rich animal feed. This feed, essential for livestock and poultry, is characterized by its high protein content, which promotes growth, facilitates reproduction, and enhances general well-being. Global population growth, increased meat consumption, and the imperative for efficient livestock farming practices are fueling this escalating demand for protein-rich animal feed. Soybean meal is a vital component of such feed, offering a high-quality, economical source of protein and crucial essential amino acids necessary for the growth, development, and health of livestock and poultry. As an illustration, in October 2023, data from the Foreign Agricultural Service, a US foreign affairs agency, revealed that soybean meal exports reached an all-time high of approximately 13.2 million metric tons in the 2022/2023 marketing year (October-September), generating a value close to $7 billion. Projections for the 2023/2024 marketing year anticipate U.S. soybean meal exports to set a new record, climbing to 13.9 million metric tons. Consequently, the increasing worldwide demand for protein-rich animal feed is propelling the expansion of the soybean market.
Soybean Meal Market Classification: Main Segments And Detailed Subsegments
The soybean meal market covered in this report is segmented –
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
Soybean Meal Market Strategic Shifts: What Leading Players Are Prioritizing
Leading companies operating in the soybean meal market are concentrating on developing novel products, such as traceable soy items, to ensure sustainability and enhance the overall efficiency of the soybean supply chain, from agricultural production to its ultimate point of use. A traceable soya product is defined as a soybean-based item where its origin and entire supply chain can be monitored and confirmed 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 an element of ADM’s resource program, which has engaged over 5,300 North American farmers to secure sustainable sourcing of soybeans, thereby enabling comprehensive traceability throughout the entire supply chain. The program integrates innovative technology, including the FBN Gradable digital platform, alongside ADM’s established origination and transportation capabilities, to verify, trace, and segregate soybeans from their farm source to the final destination.
Soybean Meal Market Company Analysis: Major Industry Participants
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
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Soybean Meal Market Global Regional Breakdown: Key Regions Analyzed
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.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.
