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Soybean Meal Market Growth Analysis: How Will Revenue Expand During The Forecast Period?
The soybean meal market size has shown significant growth over recent years. It is anticipated to expand from $105.95 billion in 2025 to $112.31 billion in 2026, achieving a compound annual growth rate (CAGR) of 6.0%. This expansion during the historical period is primarily due to the increased expansion of livestock and poultry production, growing soybean crushing capacity, a heightened demand for protein-rich feed ingredients, the rise of commercial animal farming, and advancements in feed formulation practices.
The market for soybean meal is anticipated to experience robust expansion over the coming years, with projections indicating it will reach $141.43 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.9%. This projected growth is driven by several factors, including the increasing demand for sustainable feed sources, the uptick in aquaculture feed consumption, the wider adoption of plant-based proteins, the expansion of organic food manufacturing, and the reinforcement of global feed supply chains. Key trends anticipated during this period encompass a heightened demand for animal feed ingredients rich in protein, the growing acceptance of non-GMO and organic soybean meal, an increasing application of soybean meal in aquaculture feeds, the broadening of its industrial and food-grade uses, and a greater emphasis on traceability and stringent quality standards.
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Soybean Meal Market Industry Drivers: What Is Driving Revenue Growth?
The increasing global need for protein-rich animal feed is projected to fuel the expansion of the soybean market. Protein-rich animal feed is defined as animal feed with elevated protein levels, essential for supporting the growth, reproduction, and overall health of livestock and poultry. This growing demand stems from factors like the rising global population, increased meat consumption, and the imperative for efficient livestock production. Soybean meal is a crucial component in protein-rich animal feed, delivering a high-quality, cost-effective source of protein and vital amino acids necessary for the growth, development, and health of livestock and poultry. For example, in October 2023, data from the Foreign Agricultural Service, a US-based foreign affairs agency, revealed that soybean meal exports reached a record high of approximately 13.2 million metric tons in the marketing year 2022/2023 (October-September), with a value nearing $7 billion. Furthermore, U.S. soybean meal exports are forecasted to achieve a new record in the 2023/2024 marketing year, climbing to 13.9 million metric tons. Thus, the escalating worldwide demand for protein-rich animal feed is a primary driver for the growth of the soybean market.
Soybean Meal Market Segment Performance And Strategic Opportunities
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 Growth Trends: What Is Influencing The Future Outlook?
Leading companies in the soybean meal market are focused on developing innovative products, such as traceable soy items, to ensure sustainability and improve the overall efficiency of the soybean supply chain from its origin to its 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.
Soybean Meal Market Key Players: Which Companies Shape Industry Competition?
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 Footprint: Which Region Holds Market Leadership?
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.