Press release
Soybean Market Size Projected to Reach USD 229.4 Billion by 2031 as Biofuels, Feed, and Food Applications Sustain Demand
Soybean Market Size & Trends | Mordor Intelligence
The soybean market size was valued at USD 160 billion in 2025 and is estimated to reach USD 169.9 billion in 2026, with projections indicating growth to USD 229.4 billion by 2031. This expansion reflects the crop's strategic importance across food supply chains, livestock nutrition, and bio-based energy markets.
The soybean market growth outlook remains positive as soybeans continue to serve multiple end-use sectors simultaneously. Strong trade flows, large-scale cultivation in the Americas, and rising consumption in the Asia-Pacific collectively support long-term market stability and expansion.
Access the complete data-driven outlook on the Soybean Market:
https://www.mordorintelligence.com/industry-reports/soybean-market?utm_source=openpr
Renewable Energy Policies Elevate Soybean Oil Demand
One of the defining soybean market trends is the expanding role of soybean oil in renewable fuels. Government mandates and incentives for biodiesel and renewable diesel across major economies are increasing demand for vegetable oils, positioning soybean oil as a critical feedstock.
As refiners expand capacity and blending requirements rise, soybean oil usage is strengthening the soybean market share of energy-linked applications, adding a new layer of demand beyond traditional food and feed uses.
Feed Consumption Remains a Core Demand Driver
Soybean meal continues to anchor the global soybean market, driven by its high protein content and widespread use in poultry, swine, and aquaculture feed. Rising meat, egg, and dairy consumption in emerging economies is reinforcing demand for soybean-based feed ingredients.
Feed applications represent a stable base for the soybean market forecast, supported by population growth, urbanization, and ongoing investment in commercial livestock production systems.
Food and Plant-Based Nutrition Expand Value Creation
Food-grade soybeans are gaining renewed attention as consumers increasingly adopt plant-based diets and protein alternatives. Soy beverages, tofu, fermented soy products, and meat substitutes continue to rely on soy as a foundational ingredient.
This shift toward plant-based consumption is gradually increasing the value contribution of food uses within the soybean market, complementing established feed and oil demand.
Climate Exposure and Supply Chain Efficiency Shape Market Dynamics
Weather variability remains a critical factor influencing soybean yields, harvest volumes, and short-term pricing. Changes in rainfall patterns and temperature fluctuations can disrupt regional supply availability and trade flows.
At the same time, investments in logistics, storage, processing infrastructure, and port capacity are improving supply chain resilience. These developments aim to reduce volatility and support smoother export flows, reinforcing confidence in the soybean market growth trajectory.
View localized insights and Japanese market analysis:
https://www.mordorintelligence.com/ja/industry-reports/soybean-market?utm_source=openpr
Regional and Trade Analysis Highlights Global Reach
Geographic Coverage
North America
Europe
Asia-Pacific
South America
Middle East & Africa
Industry Participants Drive Global Trade and Processing
The soybean industry is supported by large multinational traders, processors, and exporters that manage sourcing, crushing, and global distribution.
Key stakeholders include:
Bunge Global SA
Louis Dreyfus Company
Cargill, Incorporated
Archer Daniels Midland Co
COFCO International Ltd. and More
These organizations play a central role in stabilizing supply chains and expanding market access across regions.
Soybean Market Forecast Outlook
The soybean market forecast points to sustained expansion through 2031, supported by the crop's versatility across feed, food, and energy applications. While climate variability and trade dynamics remain ongoing considerations, resilient demand fundamentals continue to underpin long-term relevance.
As outlined in the Mordor Intelligence assessment, feed and oil uses will remain the backbone of the soybean market share, while food applications add incremental growth and diversification.
Explore the full agriculture research library:
https://www.mordorintelligence.com/market-analysis/agriculture?utm_source=openpr
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For any inquiries or to access the full report, please contact:
media@mordorintelligence.com
https://www.mordorintelligence.com/
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About Mordor Intelligence:
Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.
With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.
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