Soybean Market Trends, Growth and Forecast for 2026-2035

The soybean market is witnessing steady growth, driven by the increasing demand for soy-based products in the food, feed, and industrial sectors. Valued at USD 164.06 billion in 2025, the market is expected to grow at a compound annual growth rate (CAGR) of 4.10% during the forecast period from 2026 to 2035. By 2035, the soybean market is projected to reach a value of USD 245.19 billion. In this blog, we will explore the soybean market's overview, size, trends, growth, forecast, and competitive landscape.

Get a Free Sample Report with Table of Contents: https://bit.ly/497dOBi

Soybean Market Overview

Soybeans are one of the most important crops globally, widely used for their high protein content, oil, and versatile applications in various industries. Soybeans are a key ingredient in animal feed, edible oils, soy-based products (like tofu, soy milk, and tempeh), and biofuels. As a result, the market for soybeans is crucial to both the agricultural and food processing industries.

The market is influenced by factors such as global agricultural production, climate conditions, technological advancements in farming, and shifting consumer preferences toward plant-based diets. Additionally, the growing demand for sustainable products and the expansion of the biofuel industry are driving the soybean market forward. Major soybean producers, such as the United States, Brazil, and Argentina, play an integral role in the global supply chain.

Soybean Market Size

The soybean market was valued at USD 164.06 billion in 2025 and is expected to expand further as demand for soybeans continues to rise. The market size is driven by several key sectors, including:

Food and Beverage Industry: Soybeans are a staple in plant-based diets and are commonly used in various food products such as tofu, soy milk, and meat alternatives. The increasing consumer preference for plant-based proteins and dairy alternatives is one of the significant drivers of soybean demand.

Animal Feed: Soybean meal, a byproduct of oil extraction, is an essential ingredient in animal feed, particularly for livestock and poultry. The growing global demand for meat and dairy products is fueling the need for soybean meal as a protein-rich feed.

Biofuels: The use of soybeans for biodiesel production is expanding as countries look for renewable energy sources to reduce their dependence on fossil fuels. Soybean oil is an important feedstock for biofuel production, especially in regions like North America.

The soybean market size is expected to grow as these industries continue to expand, further increasing the demand for soybeans globally.

Soybean Market Trends

Several key trends are shaping the future of the soybean market:

Rise of Plant-Based Proteins: As more consumers adopt plant-based diets, the demand for plant-based proteins, including those derived from soybeans, is growing rapidly. This trend is particularly evident in the rise of meat substitutes, such as plant-based burgers and protein shakes.

Sustainable Farming Practices: Sustainability is becoming a critical factor in agricultural production, and the soybean industry is increasingly adopting eco-friendly farming practices. These practices aim to reduce the environmental impact of soybean cultivation while increasing productivity.

Technological Advancements in Farming: Innovations in agricultural technology, such as precision farming, genetic modification, and automated harvesting, are improving soybean yields and farming efficiency. These advancements are helping to meet the rising global demand for soybeans while minimizing environmental impacts.

Increased Demand for Soybean Oil: Soybean oil is widely used for cooking, frying, and in processed foods. The rising global demand for edible oils, especially in developing countries, is boosting the soybean oil market. Additionally, the growth of the biodiesel industry is increasing the demand for soybean oil as a renewable energy source.

Trade and Export Growth: Major soybean producers like the United States, Brazil, and Argentina are expanding their export markets. This growth in international trade is fueling the soybean market, particularly in regions with a growing need for soybean-based products.

Read Full Report with Table of Contents: https://bit.ly/4pQPoDu

Soybean Market Growth

The growth of the soybean market is driven by a variety of factors:

Rising Global Population: The world's growing population is driving the demand for food, which in turn increases the need for soybeans for both human consumption and animal feed. The soybean market benefits from this demographic shift, as soybeans are a critical source of plant-based protein.

Increased Adoption of Plant-Based Diets: The growing popularity of plant-based diets is having a significant impact on the demand for soy products. As more consumers move away from animal-based proteins, soy products like tofu, tempeh, and soy milk are gaining market share.

Expanding Animal Feed Industry: The global demand for meat and dairy products is expected to increase, further driving the demand for soybean meal as a high-protein animal feed ingredient.

Government Policies and Subsidies: In some regions, government policies and subsidies for biofuels are encouraging the production of soybeans for biodiesel production. These policies are expected to continue supporting market growth in the coming years.

Soybean Market Forecast

The soybean market is expected to grow at a CAGR of 4.10% from 2026 to 2035. By the end of the forecast period, the market is projected to reach USD 245.19 billion. This growth will be driven by factors such as increased demand for plant-based products, the rising consumption of soybean meal in animal feed, and the continued use of soybeans in biodiesel production.

The forecasted growth also reflects the expansion of key soybean-producing regions, with countries like Brazil and Argentina increasing their output to meet global demand. Additionally, innovations in farming technologies and sustainable practices will contribute to improving soybean yields and meeting the needs of a growing global population.

Competitive Analysis

The soybean market is highly competitive, with several major players dominating the industry. Key companies in the soybean market include:

Bunge Limited: Bunge is a leading global agribusiness and food company that plays a significant role in soybean processing and trading. The company is involved in the production of soybean meal and oil, which are used in a wide range of food, feed, and industrial applications.

Cargill, Incorporated: Cargill is one of the largest agribusiness companies globally, with a strong presence in the soybean market. The company processes soybeans for oil and meal production and is involved in the trade and export of soybean-based products.

COFCO International: A key player in the global soybean market, COFCO International is involved in the processing, trading, and export of soybeans and soybean-based products. The company is expanding its market share in emerging markets through its extensive global supply chain.

Others: Several other companies contribute to the soybean market, focusing on increasing production, improving efficiency, and expanding their presence in international markets. These companies include agribusiness firms and food processors that rely on soybeans for various applications.

Explore More:

Online Music Education Market: https://www.linkedin.com/pulse/online-music-education-market-size-trends-growth-forecast-parth-dewan-rpq6c

Laptop Market: https://shorturl.at/w6y9x

Media Contact:

Company Name: Claight Corporation
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com

About Us:

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analysis provides the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.

Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of our Expert Market Research reports today.

This release was published on openPR.