Global Soybean Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Source;

Conventional and Organic.

By End–Use;

Food & Beverage.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn366537037 Published Date: March, 2025 Updated Date: May, 2025

Introduction

Global Soybean Market (USD Million), 2021 - 2031

In the year 2024, the Global Soybean Market was valued at USD 181,999.29 million. The size of this market is expected to increase to USD 243,557.86 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.3%.

The Global Soybean Market is pivotal in the agricultural sector, driven by its diverse applications across food, feed, and industrial uses. Soybeans are one of the most versatile crops globally, valued for their high protein and oil content. As a primary source of vegetable protein, soybeans play a critical role in food products such as tofu, soy milk, and various meat substitutes. Additionally, soybean oil is widely used in cooking oils, margarine, and biodiesel production, contributing to its significant industrial demand.

Geographically, major producers include the United States, Brazil, Argentina, and China, collectively dominating global production. Market dynamics are influenced by factors such as weather conditions affecting crop yields, trade policies, and shifts in consumer preferences towards healthier dietary choices. The global soybean market is also impacted by its role in animal feed, where soybean meal serves as a crucial protein source for livestock and poultry industries worldwide.

Moreover, the soybean market is evolving with technological advancements in agriculture and biotechnology. Genetically modified soybeans have become prevalent, offering traits like herbicide tolerance and insect resistance, which enhance yield and productivity. These innovations have reshaped farming practices and market dynamics, facilitating increased production efficiencies and meeting growing global demand. Moving forward, sustainability concerns and environmental impacts are becoming more prominent, prompting initiatives towards sustainable farming practices and certifications to meet consumer and regulatory expectations globally.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Source
    2. Market Snapshot, By End–use
    3. Market Snapshot, By Region
  4. Global Soybean Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Protein-Rich Foods
        2. Increasing Use in Animal Feed
        3. Technological Advancements in Agriculture
      2. Restraints
        1. Weather-Related Crop Risks
        2. Trade and Policy Uncertainties
        3. Environmental and Sustainability Concerns
      3. Opportunities
        1. Expansion in Emerging Markets
        2. Biotechnological Innovations
        3. Shift Towards Healthier Diets
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Soybean Market, By Source, 2021 - 2031 (USD Million)
      1. Soybean Market Size (US$ Mn) and Volume (MT) Forecast By Source
        1. Conventional (GMO and Non-GMO)
        2. Organic
    2. Global Soybean Market, By End–use, 2021 - 2031 (USD Million)
      1. Soybean Market Size (US$ Mn) and Volume (MT) Forecast By End–use
        1. Food & Beverage
        2. Personal Care and Cosmetics
        3. Dietary Supplements
        4. Pharmaceutical
        5. Animal Feed and Pet Food
        6. Others
    3. Global Soybean Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Kerry Inc.
      2. Fuji Oil Group
      3. House Foods Group Inc
      4. The WhiteWave Foods Company
      5. SunOpta Inc.
      6. Pulmuone Co. Ltd.
      7. Morinaga Nutritional Foods, Inc.
      8. Aceitera General Deheza
      9. Granol Indstria Comrcio E Exportao S/A.
  7. Analyst Views
  8. Future Outlook of the Market