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Soybean Market Report Overview
The Global Soybean Market reached a value of USD 164.06 Billion at 2025 and is projected to expand at a CAGR of around 4.10% during the forecast period of 2026-2035. With record Brazilian harvests, accelerating SAF and renewable diesel feedstock demand, sustained Asian animal feed appetite, and consolidation in global crushing capacity, the market is expected to reach USD 245.19 Billion by 2035.
Key Market Trends and Insights
- Asia Pacific is expected to record a CAGR of 5.3% over the forecast period, supported by China's structural import demand, India's rising oil and meal consumption, and ASEAN feed-industry expansion.
- The Animal Feed application is expected to exhibit a CAGR of 4.7% over the forecast period, driven by global poultry, swine and aquaculture protein demand.
- Processed soybean forms are anticipated to register a CAGR of 4.3% during the forecast period, supported by crush capacity additions and biofuel feedstock requirements.
Market Size & Forecast
- Market Size in 2025: USD 164.06 Billion
- Projected Market Size in 2035: USD 245.19 Billion
- CAGR from 2026 to 2035: 4.10%
- Dominant Regional Market: Asia Pacific
2025
Base Year
2019-2025
Historical Period
2026-2035
Forecast Period
Compound Annual Growth Rate
4.1%
Value in USD Billion
2026-2035
*this image is indicative*
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| Global Soybean Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 164.06 |
| Market Size 2035 | USD Billion | 245.19 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 4.10% |
| CAGR 2026-2035 - Market by Region | Asia Pacific | 5.3% |
| CAGR 2026-2035 - Market by Country | India | 6.1% |
| CAGR 2026-2035 - Market by Country | Brazil | 5.1% |
| CAGR 2026-2035 - Market by Nature | Organic | 4.6% |
| CAGR 2026-2035 - Market by Application | Animal Feed | 4.7% |
Key Trends and Recent Developments
Biofuel feedstock demand, structural Asian feed demand, geopolitical realignment of global trade flows and crushing-capacity consolidation are the dominant trends shaping the Global Soybean Market growth profile through the forecast period.
Renewable Diesel and SAF Drive Soybean Oil Demand
The renewable diesel and sustainable aviation fuel surge is reshaping the soybean oil demand curve. US renewable diesel capacity reached an estimated 5.2 billion gallons in 2025, with EPA proposing a 5.61 billion gallon RVO for 2026 and a growth path beyond. The European Union's 2% SAF blending mandate took effect in 2025 (rising to 70% by 2050), with global SAF demand expected to triple to 40 Mt by 2035. With biofuels already absorbing 10% of US soybean value, the trend is structurally lifting Global Soybean Market growth.
China Pivots Imports Toward Brazil
Geopolitical tensions and tariff differentials are driving a structural reweighting of Chinese soybean imports toward Brazil and Argentina. Brazilian soybeans face only the 3% MFN tariff, while US soybeans incur a 13% total duty, channelling 74% of China's January-October 2025 imports through Brazil. USDA projects 2025/2026 US exports falling to a 13-year low of about 1.58 billion bushels (42.9 mmt), with US share of global trade hitting a record-low 23%. The trend is reshaping origination flows and capital allocation across the value chain.
Crushing Consolidation Among Global ABCDs
The global soybean crushing landscape is consolidating around the largest agribusiness traders. Bunge's March 2026 acquisition of an oilseed asset from IFF, alongside earlier deals for two Cargill-owned plants in the Netherlands and France and a majority of CJ Selecta in Brazil for approximately USD 356.3 million, reinforces concentration. Cargill secured Bunge's Valparaiso elevator in 2025 and ADM continues to expand Illinois capacity with Incobrasa. The cumulative effect is greater pricing power, integrated value chains and faster downstream investment in protein and biofuel applications.
Plant-Based Food and Functional Ingredients Lift Demand
Demand for plant-based foods – tofu, soy milk, soy protein isolates and concentrates – continues to expand on the back of consumer health trends, alternative-protein product innovation and inflation-driven affordability of soy-based ingredients relative to animal proteins. The trend is most visible across Asia Pacific and parts of Western Europe, where retail and foodservice penetration of soy-based offerings continues to deepen. Combined with sustained animal feed needs, the human food channel reinforces the resilience and breadth of the Global Soybean Market growth profile through 2035.
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Market Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis on the industry trends in each of the sub-segments from 2019 to 2035. For this study, the global soybean market report is segmented based on nature, form, application, and region:
Nature Outlook
- GMO
- Non-GMO
Key Insight: GMO soybeans dominate global production volumes, particularly in the Americas, where high-yielding herbicide-tolerant varieties underpin Brazil's record 177.1 mmt 2025-26 harvest and the US production base. Non-GMO commands a price premium and serves European, Japanese and select Asian food markets where regulatory and consumer preferences favour certified non-GMO product. Demand for non-GMO is also tied to identity-preserved supply chains for tofu, soy milk and soy-based food ingredients, with traceability becoming a differentiator across food retail.
Application Outlook
- Animal Feed
- Human Food
- Biodiesel and Lubricants
- Others
Key Insight: Animal feed remains the largest application by volume, anchored by global poultry, swine and aquaculture demand. The biodiesel and lubricants application is the fastest-growing channel, driven by the EU's 2% SAF mandate (2025), EPA's 5.61 billion-gallon 2026 RVO and rapidly expanding US renewable diesel capacity (5.2 billion gallons in 2025). Within human food, soy oil leads, followed by tofu, soy milk, soy protein concentrates and isolates. Bunge's IFF and CJ Selecta deals reinforce its strategic focus on protein-rich applications.
Form Outlook
- Raw
- Processed
Key Insight: Processed soybean forms – including meal, oil, hulls, lecithin and protein isolates – capture the majority of value-added market opportunity, supported by global crushing capacity expansion. Bunge's soy processing acquisitions (IFF asset, March 2026; CJ Selecta in Brazil; two Cargill plants in the Netherlands and France) and the Bunge-Chevron Louisiana JV doubling exemplify processed-form investment. Raw soybean trade remains structurally large via Brazilian and US export channels into China, the EU, Mexico and other importers, but value-added crushing increasingly drives margin capture.
Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Key Insight: Latin America – led by Brazil and Argentina – is the largest production region globally, with Brazil's 2025-26 harvest at a record 177.1 mmt and exports projected at 112 mmt. North America centred on the US (~115.75 mmt 2025-26) is the second-largest production region, with rising domestic crush for biofuels. Asia-Pacific is the largest consumption region, anchored by Chinese imports of approximately 100 mmt, India's growing meal and oil demand, and ASEAN feed expansion. Europe combines mature consumption with significant non-GMO and sustainable-soy procurement, while Middle East and Africa rises on poultry-led feed demand.
Soybean Market Share
By Application, Animal Feed leads global soybean consumption by both volume and value, supported by structural demand from poultry, swine and aquaculture supply chains across China, Southeast Asia, Latin America and North America. Bunge's 2025-2026 footprint expansion across Brazil (CJ Selecta) and Europe (Cargill plants in Amsterdam and Brest) is explicitly tied to scaling soy meal supply for global feed customers, illustrating how leading agribusinesses anchor their strategies around the feed segment's reliable, structurally rising demand profile.
By Form, Processed soybeans account for the bulk of value capture, with crushing margins, oil prices and meal premiums driving profitability for ADM, Bunge and Cargill. The Bunge-Chevron Louisiana JV's Q4 2025 capacity doubling, ADM and Incobrasa's continued Illinois expansions, and Bunge's IFF asset acquisition in March 2026 are all positioned around processed-form strategic value. With the EPA's 5.61 billion-gallon RVO for 2026 and the EU SAF mandate scaling, processed-soy demand is structurally underpinned by the biofuel/SAF transition.
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for USD 1099
If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Soybean Market Regional Analysis
Latin America – led by Brazil – is the world's largest soybean-producing region, with the country's 2025-26 harvest forecast at a record 177.1 mmt and exports projected at 112 mmt. Investments are heavily concentrated in soybean crushing, port logistics and inland infrastructure, with Bunge's CJ Selecta acquisition (~USD 356.3 million) and the Argentinian export complex on the Paraná River anchoring regional capacity. Demand drivers include China's pivot toward Brazilian origin (74% of January-October 2025 Chinese imports), favourable 3% MFN tariff treatment versus US 13%, and continuing investment from ADM, Cargill, COFCO, Olam, Glencore and Andre Maggi.
Asia Pacific is the largest consumption region, dominated by China's annual import volume of approximately 100 mmt, India's expanding crush and oil consumption, and rising Southeast Asian feed industry demand. Major players include COFCO International, Wilmar International, Cargill, Bunge and Olam. Investments are concentrated in port-side crushing facilities, soybean meal logistics and rapidly expanding aquaculture protein. Demand drivers include rising per-capita meat consumption, expanding poultry and aquaculture industries, growing soy-based human food adoption and government-led food security stockpiling. Regional demand provides structural support to global trade flows.
Key Companies & Market Share Insights
The Global Soybean Market is highly concentrated at the trading and crushing layer, with the so-called ABCDs – ADM, Bunge, Cargill and Louis Dreyfus – holding leading positions alongside COFCO International, Wilmar International, Glencore plc, Andre Maggi and Olam Agri. Recent consolidation moves – Bunge's acquisition of CJ Selecta and IFF assets, Cargill's purchase of Bunge's Valparaiso elevator, and the Bunge-Chevron Louisiana JV expansion – are reshaping origination, crushing and biofuel supply chains.
Competitive priorities centre on biofuel-aligned crush capacity, sustainable supply chain certification, vertical integration into protein and SAF feedstock, and origination strength in Brazil and Argentina. M&A and joint ventures are accelerating, with the largest players combining commodity origination scale with downstream protein and renewable-fuel value chains.
Bunge Limited
Founded in 1818 and headquartered in St. Louis, Missouri (post-Viterra merger headquartered in Geneva, Switzerland), Bunge is one of the world's largest oilseed processors. Its 2025-2026 strategy includes acquiring CJ Selecta in Brazil (~USD 356.3 million), two Cargill oilseed crushing plants in the Netherlands and France, and an IFF oilseed asset (March 2026), alongside doubling its Bunge-Chevron Louisiana JV capacity for renewable diesel feedstock.
Cargill, Incorporated
Founded in 1865 and headquartered in Minnetonka, Minnesota, Cargill is the world's largest privately held agribusiness. Its soybean strategy spans origination across the Americas, crushing, refining and global trading. In 2025, Cargill completed the acquisition of Bunge's Valparaiso, Saskatchewan grain elevator under the Bunge-Viterra merger conditions, while continuing to expand its Ohio crushing operations and global soy meal supply chain.
COFCO International
Founded in 1949 and headquartered in Beijing, China (international operations in Geneva), COFCO International is the largest Chinese state-owned grain trader and a critical channel for soybean imports into China. Its origination footprint is increasingly concentrated in Brazil and Argentina, aligning with the post-tariff pivot of Chinese soybean demand toward Latin American supply.
Archer Daniels Midland (ADM)
Founded in 1902 and headquartered in Chicago, Illinois, ADM is a global leader in agricultural origination, processing and nutrition. Its 2025 expansions in Illinois soybean crushing alongside Incobrasa Industries reinforce its position in domestic crush supporting US biofuel mandates. ADM's soy meal, oil and protein-isolate platforms underpin its food, feed and renewable diesel feedstock strategies.
Other key players in the market are Andre Maggi Participacoes S.A., CHS Inc., Olam Agri Holdings Pte Ltd, Glencore plc, Nordic Soya Oy, Denofa AS, Wilmar International, Clarkson Grain, SLC Agrícola, The Scoular, Louis Dreyfus Company, Kohinoor Feeds & Fats Pvt. Ltd., Ag Processing, Inc., and Others.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Key findings from the Global Soybean Market Report
- Comprehensive quantitative and qualitative analysis with historical and forecast data from 2026 to 2035
- Detailed segmentation by nature, application, form and global region, with sub-segmentation across human food categories
- Analysis of the competitive landscape profiling Bunge, Cargill, ADM, COFCO and other major players, with their market share, strategies and innovations
- Trade data analysis under HS Code 1201 covering major importing and exporting countries by volume and value
- Price analysis with historical and forecast trends across North America, Europe, Asia Pacific, Latin America and Middle East & Africa
- Strategic recommendations for traders, processors, biofuel producers and food companies based on market dynamics, geopolitics and growth opportunities
Why choose Expert Market Research?
- Trusted globally for accurate, data-driven agricultural intelligence and forecasts.
- Industry-validated reports built by analysts with deep coverage of grains, oilseeds and biofuels.
- Actionable insights that support trading, processing, biofuel investment and procurement decisions.
- Customisable research scopes that flex to specific business goals, M&A and supply chain decisions.
Call to Action
Discover the latest insights on the Global Soybean Market 2026 with our comprehensive report. Stay ahead of the curve with valuable data on biofuel feedstock demand, regional production shifts and top growth regions across the global soybean value chain. Whether you are scaling crushing capacity, sourcing for renewable fuel mandates or planning food-grade procurement, this report gives you the clarity you need. Download your free sample now and discover the key opportunities in the thriving Global Soybean industry.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2025, the global bicycle market attained a value of nearly USD 164.06 Billion.
The market is projected to grow at a CAGR of 4.10% between 2026 and 2035.
The market is estimated to witness a healthy growth in the forecast period of 2026-2035 to reach a value of USD 245.19 Billion by 2035.
The major drivers of the market include the rising health consciousness, rising demand for dairy alternatives, growing markets for adhesives, insecticides, candles, rising construction and automobiles industries, rising middle-class population, and growing urbanisation.
The growing demand from the crushing industry and the wide applications of the product in the food and feed industries are the key industry trends propelling the market growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major applications of the market are animal feed, human food, and biodiesel and lubricants, among others. Human food is further divided into oil, tofu, and soy milk, among others.
The primary natures of soybean in the market are gmo and non-gmo.
Key players in the market are Bunge Limited, Cargill, Incorporated, COFCO International, Andre Maggi Participacoes S.A., CHS Inc., Olam Agri Holdings Pte Ltd, Glencore plc, Nordic Soya Oy, Denofa AS, Wilmar International, Clarkson Grain, Willmar International, SLC Agrícola, ADM, The Scoular, Bunge Limited, Louis Dreyfus Company., Kohinoor Feeds & Fats Pvt. Ltd., Ag Processing, Inc.
The animal feed segment accounted for the largest share of the soybean market, driven by high demand for soybean meal as a protein-rich feed ingredient for poultry, cattle, and aquaculture industries.
The soybean market is driven by rising demand for plant-based proteins, increasing livestock farming, growing biodiesel production, expanding global trade, and technological advancements in soybean farming practices.
North America, particularly the United States leads the soybean market.
Report Summary
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Nature |
|
| Breakup by Application |
|
| Breakup by Form |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Trade Data Analysis |
|
| Competitive Landscape |
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| Companies Covered |
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