Product Code: ETC13284742 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Soybean Meal Market was valued at USD 85 Billion in 2024 and is expected to reach USD 112 Billion by 2031, growing at a compound annual growth rate of 4.00% during the forecast period (2025-2031).
The Global Soybean Meal Market is experiencing steady growth driven by the increasing demand for protein-rich animal feed and the expanding livestock industry worldwide. Soybean meal, a byproduct of soybean oil extraction, is a key source of protein in animal feed due to its high protein content and amino acid profile. The market is influenced by factors such as fluctuating soybean production, trade policies, feed industry trends, and consumer preferences for meat products. North America and Asia-Pacific are the leading regions in soybean meal production and consumption, with China being the largest importer. The market is also witnessing innovation in feed formulations and production processes to enhance nutritional value and sustainability. Sustainable sourcing practices and technological advancements are expected to shape the future of the global soybean meal market.
The Global Soybean Meal Market is experiencing growth due to the increasing demand for protein-rich animal feed and the expanding livestock industry worldwide. The market is also benefiting from the rising trend of plant-based diets and the growing awareness of the health benefits of soy products. Opportunities in the market include the development of innovative soybean meal products to cater to different animal species and the increasing adoption of soybean meal as a sustainable and environmentally-friendly alternative to traditional animal feed ingredients. Additionally, the increasing use of soybean meal in aquafeed formulations presents a significant growth opportunity for market players. Overall, the Global Soybean Meal Market is poised for continued expansion driven by evolving consumer preferences and the need for high-quality animal nutrition solutions.
In the Global Soybean Meal Market, challenges include fluctuations in soybean prices due to factors such as weather conditions, trade tensions, and currency fluctuations, which can impact both production costs and selling prices. Additionally, increasing competition from alternative protein sources like pea protein and canola meal poses a threat to the market share of soybean meal. Sustainability concerns related to soybean cultivation, such as deforestation and water usage, are also becoming increasingly important to consumers and could affect demand. Furthermore, regulatory changes regarding genetically modified organisms (GMOs) and trade policies can create uncertainties for soybean meal producers and exporters. To navigate these challenges, companies in the soybean meal market need to adapt by focusing on sustainability, innovation, and diversification of their product offerings.
The Global Soybean Meal Market is primarily driven by the increasing demand for protein-rich animal feed, particularly in the livestock and poultry industries. As the global population continues to grow, there is a rising need for affordable and high-quality protein sources to meet the growing demand for meat products. Soybean meal, being a cost-effective and sustainable source of protein, is widely used as a key ingredient in animal feed formulations. Additionally, the expanding aquaculture sector is also driving the demand for soybean meal due to its nutritional benefits for fish and shrimp. Furthermore, the increasing awareness about the health benefits of soy products in human diets is also contributing to the growth of the soybean meal market as a versatile ingredient in food products.
Government policies related to the global soybean meal market vary by country but commonly include regulations on production, trade, and subsidies. In major soybean producing countries such as the United States, Brazil, and Argentina, government policies often focus on supporting domestic soybean farmers through subsidies, agricultural programs, and trade agreements. Additionally, environmental regulations and sustainability initiatives play a significant role in shaping government policies related to soybean production and processing. Importing countries may also have policies in place to ensure food safety standards are met for soybean meal imports. Overall, government policies in the global soybean meal market aim to balance economic interests with environmental sustainability and food safety concerns.
The Global Soybean Meal Market is projected to experience steady growth in the coming years due to increasing demand for protein-rich animal feed and the rising popularity of plant-based diets. Factors such as population growth, urbanization, and changing dietary preferences are expected to drive the demand for soybean meal, which is a key ingredient in livestock and aquaculture feed. Additionally, the expanding livestock industry in emerging economies and the use of soybean meal in various food products and industrial applications are likely to contribute to market growth. However, challenges such as price volatility, trade tensions, and environmental concerns related to soybean production may impact the market dynamics. Overall, the Global Soybean Meal Market is anticipated to see sustained growth, supported by the increasing awareness of the nutritional benefits of soy products and the growing emphasis on sustainable agriculture practices.
In the global soybean meal market, Asia is the largest region in terms of consumption and production, driven by the high demand for livestock feed in countries like China and India. North America is a key player in soybean meal production, with the United States being the leading producer and exporter. Europe follows closely behind, with countries like Germany and France contributing significantly to the market. The Middle East and Africa region is experiencing a growing demand for soybean meal due to the expanding livestock industry. In Latin America, countries like Brazil and Argentina are major producers and exporters of soybean meal, benefiting from their strong agricultural sectors. Overall, the global soybean meal market is influenced by various regional factors such as consumption patterns, agricultural practices, and trade dynamics.
Global Soybean Meal Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Soybean Meal Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Soybean Meal Market Revenues & Volume, 2021 & 2031F |
3.3 Global Soybean Meal Market - Industry Life Cycle |
3.4 Global Soybean Meal Market - Porter's Five Forces |
3.5 Global Soybean Meal Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Soybean Meal Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Soybean Meal Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Soybean Meal Market Trends |
6 Global Soybean Meal Market, 2021 - 2031 |
6.1 Global Soybean Meal Market, Revenues & Volume, By Application, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Soybean Meal Market, Revenues & Volume, By Animal Feed, 2021 - 2031 |
6.1.3 Global Soybean Meal Market, Revenues & Volume, By Food Industry, 2021 - 2031 |
6.1.4 Global Soybean Meal Market, Revenues & Volume, By Beverage, 2021 - 2031 |
6.1.5 Global Soybean Meal Market, Revenues & Volume, By Healthcare Products, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.3.1 Overview & Analysis |
7 North America Soybean Meal Market, Overview & Analysis |
7.1 North America Soybean Meal Market Revenues & Volume, 2021 - 2031 |
7.2 North America Soybean Meal Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Soybean Meal Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Soybean Meal Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Soybean Meal Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Soybean Meal Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Soybean Meal Market, Overview & Analysis |
8.1 Latin America (LATAM) Soybean Meal Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Soybean Meal Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Soybean Meal Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Soybean Meal Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Soybean Meal Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Soybean Meal Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Soybean Meal Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Soybean Meal Market, Overview & Analysis |
9.1 Asia Soybean Meal Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Soybean Meal Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Soybean Meal Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Soybean Meal Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Soybean Meal Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Soybean Meal Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Soybean Meal Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Soybean Meal Market, Overview & Analysis |
10.1 Africa Soybean Meal Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Soybean Meal Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Soybean Meal Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Soybean Meal Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Soybean Meal Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Soybean Meal Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Soybean Meal Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Soybean Meal Market, Overview & Analysis |
11.1 Europe Soybean Meal Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Soybean Meal Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Soybean Meal Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Soybean Meal Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Soybean Meal Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Soybean Meal Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Soybean Meal Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Soybean Meal Market, Overview & Analysis |
12.1 Middle East Soybean Meal Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Soybean Meal Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Soybean Meal Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Soybean Meal Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Soybean Meal Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Soybean Meal Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Soybean Meal Market Key Performance Indicators |
14 Global Soybean Meal Market - Export/Import By Countries Assessment |
15 Global Soybean Meal Market - Opportunity Assessment |
15.1 Global Soybean Meal Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Soybean Meal Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Soybean Meal Market - Competitive Landscape |
16.1 Global Soybean Meal Market Revenue Share, By Companies, 2024 |
16.2 Global Soybean Meal Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |