Soybean Meal Market (2026 - 2033)

Soybean Meal Market Summary

The global soybean meal market size was valued at USD 130.6 billion in 2025 and is projected to grow from USD 136.5 billion in 2026 to USD 185.8 billion in 2033, at a CAGR of 4.5% from 2026 to 2033. Asia Pacific dominated the market, accounting for a revenue share of 30.0% in 2025. The increasing global demand for protein rich animal feed, particularly in the growing livestock and poultry industries, is driving market growth.

Source: Grand View Research, IR Documents, Primary Interviews, Paid Databases

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In addition, the versatility of soybean meal across various feed formulations and its cost effectiveness further drive demand. Sustainability concerns and the desire for plant based protein sources also contribute to the market’s growth, as soybean meal is a key component of vegetarian and vegan diets. Furthermore, the global population is increasing, and with it the demand for food. Soybean meal remains one of the world's most important protein ingredients for livestock, poultry, aquaculture, and pet food. Growing global demand for animal protein continues to support soybean meal consumption, while investments in soybean crushing capacity are improving meal availability across major producing regions.

Moreover, the changes in weather patterns are affecting the supply of soybeans and other crops. Droughts, floods, and other extreme weather events can damage crops and reduce yields, leading to higher prices for soybean meal and other agricultural commodities. There is growing interest in sustainable agriculture and reducing the environmental impact of food production. Soybean meal is seen as a more sustainable alternative to other protein sources, such as meat, which requires more resources to produce. As such, demand for soybean meal may continue to grow as consumers and food manufacturers seek more sustainable options.

Analyst Perspective

The soybean meal market continues to be shaped by expanding livestock production, increasing investments in soybean crushing capacity, and evolving global trade flows. Feed manufacturers remain focused on securing reliable, high-quality protein ingredients while improving supply chain efficiency and sustainability. At the same time, weather variability in major soybean-producing regions, geopolitical developments, and fluctuating oilseed prices continue to influence global soybean meal availability and pricing. Going forward, competitiveness will increasingly depend on processing capacity, supply chain resilience, and the ability to meet growing sustainability and traceability requirements across international feed markets.

Nature Insights

By nature, the conventional segment held the largest market share at over 55.0% in 2025. Conventional soybean meal is a widely accepted, cost effective protein source for both animal feed and various food products. Its affordability and availability make it a preferred choice for industries that rely on soybean products. The well-established supply chain and production infrastructure for conventional soymeal contribute to its continued market dominance. In addition, investments in traceable supply chains and processing infrastructure are further strengthening the availability and commercial adoption of conventional soybean meal across global feed and food industries. For instance, in July 2024, ADM announced the commercial availability of fully verified, segregated, and traceable soybean meal and soybean oil to help European customers comply with the EU Deforestation Regulation.

The organic segment is anticipated to witness the fastest market growth over the forecast period. Consumers are increasingly seeking healthier and environment friendly options, and organic soymeal aligns with these preferences. As awareness of the environmental impact of conventional agriculture grows, consumers are willing to pay a premium for organic products. In addition, the organic soymeal market benefits from its perception as free from synthetic chemicals and genetically modified organisms (GMOs), catering to health and environmentally conscious consumers.

End Use Insights

By end use, the animal feed segment held the largest market share at over 65.5% in 2025. The growing awareness of the health benefits of soybean meal in animal diets is contributing to growth in this segment. Soybean meal is rich in amino acids, vitamins, and minerals, making it a nutritious choice for animal feed. Consumers are becoming increasingly conscious of the quality of meat and dairy products, leading to greater demand for animal feed ingredients that enhance livestock nutrition. Growing livestock production is increasing the need for efficient soybean meal logistics and feed ingredient availability. For instance, in June 2024, Louis Dreyfus Company collaborated with Guangzhou Railway, COSCO Shipping, and regional partners to launch China's first freight train dedicated to transporting bulk soybean meal. The initiative improves the efficiency and reliability of soybean meal distribution to animal feed manufacturers across inland China.

The food & beverages segment is expected to grow rapidly during the forecast period. There is a growing demand for plant based protein sources, and soybean meal is a popular choice due to its high protein content. As more consumers adopt vegetarian or vegan diets, demand for soybean meal as an ingredient in food and beverage products has increased. In addition, soybean meal is also being used as a substitute for other animal based protein sources, such as meat and dairy products. This is driven by concerns over the environmental impact of animal agriculture and the desire for more sustainable food options.

Regional Insights

Asia Pacific dominated the market, accounting for a revenue share of 30.0% in 2025 and is anticipated to grow at the fastest CAGR from 2026 to 2033. The growing population and rising disposable income in the region have increased the demand for soybean meal as a source of protein and essential nutrients. This trend has significantly contributed to the market’s growth and is expected to continue driving demand in the foreseeable future. In addition, strengthening supply chain collaborations, sustainability initiatives, and diversifying soybean sourcing across the Asia Pacific region are reinforcing soybean meal availability for the expanding livestock and feed industries. For instance, in February 2025, COFCO International announced a strategic agreement with China Mengniu Dairy and Sheng Mu Organic Dairy to supply 1.5 million tons of certified sustainable Brazilian soybeans between 2025 and 2030.

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China accounted for the largest share of the soybean meal market in the Asia Pacific region in 2025. China’s large and growing population, combined with rapid urbanization, has increased demand for food, including soybeans and their by products. This demand is further bolstered by rising incomes, enabling more diversified diets that include protein rich foods derived from soybeans. The surge in meat consumption, particularly poultry and pork, increases the demand for soybeans as a key component of animal feed.

North America Soybean Meal Market Trends

The North America segment is anticipated to grow at a significant rate during the forecast period. The increasing market for soybean meal in North America is attributable to a lot of factors related to agricultural production, animal husbandry, and evolving consumer and environmental concerns. Primarily, soybean meal’s role as a high protein ingredient in animal feed is a significant driver, catering to the expanding livestock and poultry industries, notably in chicken and pork production. In addition, ongoing investments in soybean crushing facilities increase capacity to produce soybean meal, ensuring a steady supply to the ever expanding livestock, poultry, and aquaculture feed markets. For example, in 2025, the American Soybean Association (ASA) announced that nine new or expanded soybean crushing facilities had increased U.S. The expansion is expected to significantly increase soybean meal availability to meet rising domestic and international feed demand.

Key Soybean Meal Company Insights

The soybean meal market features a range of global, regional, and local players, making it a competitive market. The world’s leading companies are using partnerships, collaborations, acquisitions, mergers, and agreements as strategies to withstand the intense competition and increase their market share.

Key Soybean Meal Companies

The following key companies have been profiled for this study on the soybean meal market:

• The Scoular Company

• Kohinoor Feeds and Fats Pvt. Ltd.

• AdamPolSoya

• Louis Dreyfus Company B.V.

• Perdue Farms

• Agrocorp International Pte Ltd

• Yihai Kerry Investments Co., Ltd.

• Nordic Soya Ltd.

• Irwing Soya

• Wilmar International

Recent Developments

• In June 2026, the U.S. Soybean Export Council (USSEC) announced it had signed a Memorandum of Understanding (MoU) with the Philippine Association of Feed Millers, Inc. (PAFMI) to collaborate on feed formulation, nutrition research, sustainability verification, and supply chain transparency for U.S. soybean meal.

• In February 2026, Myanmar Agribusiness Public Company (MAPCO) and International Feed Corporation signed a Memorandum of Understanding (MoU) to expand Myanmar's imports of U.S. soybean meal, supporting feed industry development and strengthening bilateral agricultural trade.

• In December 2025, Vietnam Agribusiness Ltd. a joint venture between Bunge Global SA and Wilmar International, inaugurated its second soybean crushing line at Phu My Industrial Park, increasing soybean processing capacity by 4,000 tonnes per day to expand soybean meal production for the animal feed industry.

• In November 2025, the U.S. Soybean Export Council (USSEC) announced an agreement with soybean processors and soybean meal importers in Bangladesh to facilitate purchases valued at more than USD 1.25 billion in U.S. soybeans and soybean meal, strengthening long-term trade cooperation between the two countries.

Global Soybean Meal Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global soybean meal market report based on nature, end use, and region:

• Nature Outlook (Revenue, USD Billion, 2021 - 2033)

  • Conventional

  • Organic

• End Use Outlook (Revenue, USD Billion, 2021 - 2033)

  • Food & Beverages

  • Animal Feed

    • Poultry

    • Swine

    • Aquaculture

    • Other Animals (Dairy, Beef, Pets)

  • Industrial Use

• Regional Outlook (Revenue, USD Billion, 2021 - 2033)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • Indonesia

    • Vietnam

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa