Soybean Meal Market Size & Share, By Nature (Conventional, Organic), End-use (Food & Beverages, Animal Feed, Industrial Use) - Growth Trends, Regional Insights (U.S., Japan, South Korea, UK, Germany), Competitive Positioning, Global Forecast Report 2025-2034

Market Outlook:

Soybean Meal Market size is predicted to grow from USD 125.21 billion in 2024 to USD 192.59 billion by 2034, reflecting a CAGR of over 4.4% from 2025 through 2034. The industry revenue is forecasted to reach USD 130.28 billion in 2025.

• Base Year Value (2024): USD 125.21 billion
• CAGR (2025-2034): 4.4%
• Forecast Year Value (2034): USD 192.59 billion
• Historical Data Period: 2021-2034
• Largest Region: North America
• Forecast Period: 2025-2034

Market Dynamics:

Growth Drivers & Opportunities

The soybean meal market is experiencing robust growth driven by several key factors that highlight its importance in the agricultural sector. One of the primary growth drivers is the increasing global demand for animal protein. As populations expand and income levels rise, there is a heightened consumption of livestock products, which in turn boosts the demand for soybean meal as a critical protein source in animal feed. Furthermore, the growing aquaculture industry is significantly contributing to the uptake of soybean meal, as it serves as a foundational ingredient in fish feed, emphasizing the need for high-quality protein sources in aquaculture nutrition.

Another notable driver is the rising trend towards sustainable and plant-based diets. With consumers increasingly interested in the environmental impact of their food choices, the versatility of soybean meal as a plant-based protein alternative is becoming more appealing. This shift not only supports the market for soybean meal but also positions it favorably in a food system looking to reduce greenhouse gas emissions associated with animal agriculture. Additionally, innovations in food technology are leading to the development of new soybean meal products, further expanding its applications beyond traditional uses in animal feed and into human food products, creating new avenues for growth.

Trade policies and international demand also present opportunities for market expansion. Emerging markets, particularly in Asia and Latin America, are witnessing significant increases in livestock production, which enhances their need for feed ingredients like soybean meal. This trend represents a lucrative opportunity for exporters and producers to tap into new markets. Furthermore, advancements in agricultural practices and technology are increasing the yield of soybeans, which can lead to greater availability of soybean meal in the market.

Report Scope

Report Coverage	Details
Segments Covered	Nature, End-Use
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	The Scoular Company, Kohinoor Feeds and Fats Pvt.., AdamPolSoya, Louis Dreyfus Company B.V., Perdue Farms, Agrocorp International Pte, Yihai Kerry Investments Co.., Nordic Soya., Irwing Soya, Wilmar International

Industry Restraints:

Despite its growth potential, the soybean meal market faces several

Report Scope

Report Coverage	Details
Segments Covered	Nature, End-Use
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	The Scoular Company, Kohinoor Feeds and Fats Pvt.., AdamPolSoya, Louis Dreyfus Company B.V., Perdue Farms, Agrocorp International Pte, Yihai Kerry Investments Co.., Nordic Soya., Irwing Soya, Wilmar International

Industry Restraints: that could hinder its trajectory. One of the significant challenges is the volatility of soybean prices, which is influenced by factors such as weather conditions, pest infestations, and geopolitical tensions. Fluctuating prices can affect the profitability of production and the stability of supply chains, making it difficult for the industry to plan long-term investments.

Moreover, increasing competition from alternative protein sources, such as peas and other legumes, poses a challenge to the soybean meal market. As animal nutritionists explore diverse feed formulations, these alternatives may become more appealing due to factors like price competitiveness and specific nutritional profiles. Additionally, the growth of synthetic and lab-grown proteins is beginning to disrupt traditional feed markets, raising concerns about the future demand for conventional soybean meal.

Environmental concerns also represent a restraint, as soybean cultivation can lead to deforestation and biodiversity loss, particularly in South America. Growing scrutiny from consumers and regulatory bodies regarding the environmental impact of soybean production can lead to tighter regulations and increased costs for producers. Additionally, rising concerns associated with genetically modified organisms (GMOs) affecting soybean varieties may deter some consumers from choosing soybean meal, impacting its market acceptance.

In summary, while the soybean meal market is buoyed by strong growth drivers and expanding opportunities, it must navigate considerable restraints that can influence its development and sustainability over time.

Regional Forecast:

North America

The soybean meal market in North America, particularly in the United States and Canada, is highly developed and plays a crucial role in the agricultural sector. The U.S. is one of the largest producers of soybeans globally, and consequently, soybean meal is widely used in animal feed, especially for livestock such as poultry, pigs, and cattle. The growing demand for protein-rich animal feed, backed by a robust meat industry, supports the market's stability. Canada, while smaller in size, complements the U.S. market through exports and production, witnessing steady demand fueled by its livestock industry and aquaculture. Innovations in feed formulations and a rising focus on sustainable practices further contribute to the growth prospects in this region.

Asia Pacific

In the Asia Pacific region, China stands out as a dominant force in the soybean meal market, driven by its massive livestock population and increasing meat consumption. The demand for high-quality protein sources among China's growing middle class accelerates the need for soybean meal in animal feed. Japan and South Korea also exhibit significant market potential, with a robust aquaculture sector and a strong focus on livestock productivity. These countries are increasingly seeking high-quality feed inputs to boost meat and seafood production. Overall, the Asia Pacific region is expected to experience the fastest growth in the soybean meal market, attributed to rising disposable incomes, urbanization, and dietary shifts toward protein-rich foods.

Europe

In Europe, the soybean meal market is characterized by diverse consumption patterns across various countries, with the United Kingdom, Germany, and France leading the charge. The UK has a well-established livestock sector, contributing to a consistent demand for soybean meal as part of animal feed formulations. Germany, known for its advanced agricultural practices, prioritizes high-quality feed to optimize livestock production and meet growing protein demands. France, with its significant livestock industry, further bolsters the market through a focus on sustainable agricultural practices and regional sourcing of feed components. Despite varying growth rates, increased regulatory pressures on sustainability and environmental impact are reshaping the soybean meal landscape across Europe, potentially driving growth in the market as stakeholders adapt to these changes.

Segmentation Analysis:

In terms of segmentation, the global Soybean Meal market is analyzed on the basis of Nature, End-Use.

Nature

The soybean meal market is segmented by its nature into two primary categories: Organic and Conventional. The organic soybean meal segment is gaining traction due to the rising consumer awareness regarding health and sustainability. This segment is expected to witness substantial growth as more farmers adopt organic farming techniques and as processors aim to meet the growing demand for health-conscious products. On the other hand, the conventional soybean meal segment continues to dominate the market due to its cost-effectiveness and widespread availability. This segment serves as a significant source of protein for livestock feeding, thus holding a substantial share of the market. Overall, while the organic segment is likely to grow faster, the conventional segment remains a robust player, catering to traditional markets and practices.

End-Use

Within the end-use segment, the soybean meal market is primarily divided into Animal Feed, Food Industry, and Others. The Animal Feed segment is the most prominent and continues to show significant potential for growth, driven by the increasing livestock population and the global demand for meat products. Within this segment, poultry, swine, and aquatic feeds are crucial sub-segments, with poultry feed expected to exhibit the largest market size due to its extensive use across the globe. Following Animal Feed, the Food Industry segment is witnessing a gradual increase as plant-based diets gain popularity, leading to higher demand for soybean meal as a protein source in human food products. The Others segment, which includes uses in biofuels and industrial applications, is also emerging but remains relatively small compared to the other segments.

Competitive Landscape:

The competitive landscape in the Soybean Meal Market is characterized by a mix of large multinational corporations and regional players, all striving for market share in response to the growing global demand for protein-rich animal feed and plant-based proteins. Key factors driving competition include pricing strategies, production efficiencies, and innovations in processing technologies. The market also witnesses fluctuations due to changing regulations, trade policies, and the impact of climate-related events on soybean production. Companies are increasingly focusing on sustainable sourcing practices and expanding their product offerings to cater to the rising health-conscious consumer market. Partnerships, mergers, and acquisitions are common as companies seek to enhance their production capabilities and strengthen their supply chains.

Top Market Players

1. Cargill Incorporated

2. Archer Daniels Midland Company

3. Bunge Limited

4. CHS Inc.

5. Louis Dreyfus Company

6. Wilmar International Limited

7. COFCO Corporation

8. Olam International

9. Marubeni Corporation

10. Ag Processing Inc.