Rising Global Demand For Protein-Rich Animal Feed Fuels Soybean Market Growth: A Significant Driver Propelling The Soybean Meal Market In 2025

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What Is the Soybean Meal Market Size and Projected Growth Rate?
The market size for soybean meal has seen substantial expansion in the past years. Its value will increase from $100.36 billion in 2024 to $107.04 billion in 2025 with a compound annual growth rate (CAGR) of 6.7%. The notable growth during the past years is due to an increase in livestock production, a surge in biofuel production, elevated dairy production, increased soybean farming, and more investments in the agricultural sector.

The size of the soybean meal market is predicted to experience significant expansion in the upcoming years, escalating to $136.5 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 6.3%.This prospective growth during the forecast period is associated with factors such as the increasing world population, the surge in demand for protein-enriched animal feed globally, heightened adoption of sustainable and effective livestock farming methods, escalation in worldwide demand for animal feed, and elevated meat consumption. The forecast period will also see several trends including technological progressions, plant-centric diets, organic agriculture, digital technologies, and feed management systems.

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What Are the Major Segments in the Soybean Meal Market?
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; Oil; 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

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What Are The Driving Soybean Meal Market Evolution?
The rise in the soybean market is expected to be propelled by the increasing requirement for protein-dense feeds used in animal farming. These feeds, rich in protein, are essential for the growth, reproduction, and the overall well-being of livestock and poultry. Factors like the expanding global population, an upsurge in meat consumption, and the importance of effective livestock farming are contributing to the climbing demand for protein-dense animal feeds. Soybean meal is a vital ingredient in these high-protein feeds as it offers a quality yet cost-effective source of valuable protein and amino acids, which are vital for the growth and health of livestock and poultry. For example, in the marketing year 2022/2023 (October to September), data from the U.S-based Foreign Agricultural Service reported that exports of soybean meal reached a record approximately 13.2 million metric tons, tallying nearly $7 billion. Predictions for the marketing year 2023/2024 anticipate another increase in U.S. soybean meal exports, projecting a record 13.9 million metric tons. Therefore, the escalating global requirement for protein-dense animal feeds is the driving force behind the expansion of the soybean market.

Which Firms Dominate The Soybean Meal Market Segments?
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, Titan Biotech Limited, Nordic Soya, Yihai Kerry Investments Co Ltd., Eco Export, Gauri Agrotech Products Private Limited

What Trends Are Expected to Dominate the Acquired Autoimmune Hemolytic Anemia Market in the Next 5 Years?
Key players in the soybean meal market, such as Archer-Daniels-Midland Company, are concentrating their efforts on creating innovative products like traceable soy items to promote sustainability and enhance the efficiency of the soy supply chain, from the farm to the consumer. Traceable soy products allow for tracking and confirmation of the supply chain's origin and entire process, from production to ultimate use. For example, in July 2024, the US-based food processing and commodities trading firm Archer-Daniels-Midland Company introduced fully traceable soybean meal and oil. This strategic move is part of ADM's resource program that involves over 5,300 North American farmers to guarantee the sustainable procurement of soybeans and ensure traceability across the supply chain. The program utilizes cutting-edge technology, including the FBN Gradable digital platform, and ADM's own sourcing and transportation capacities to ensure the verification, tracking, and segregation of soybeans from farm to final destination.

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Which Is The Largest Region In The Soybean Meal Market?
Asia-Pacific was the largest region in the soybean meal market in 2024. 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, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Soybean Meal Market?
2. What is the CAGR expected in the Soybean Meal Market?
3. What Are the Key Innovations Transforming the Soybean Meal Industry?
4. Which Region Is Leading the Soybean Meal Market?

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