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Soybean Market Report Overview
The global soybean market attained a value of USD 164.06 Billion in 2025 and is projected to expand at a CAGR of 4.10% through 2035. The market is further expected to achieve USD 245.19 Billion by 2035. Rising production of renewable diesel and increasing production of plant protein stimulate the growth in investment into soy processing. This results in further capacity expansions, sourcing initiatives, and development of premium ingredients.
Key Market Trends and Insights
- Regenerative farming, digital agronomy, and climate-resilient soybean varieties are improving productivity, sustainability, and long-term supply chain resilience globally.
- Growing demand for renewable diesel and sustainable aviation fuel is accelerating soybean crushing capacity and oil processing investments worldwide.
- AI-powered crop monitoring, blockchain traceability, and biological crop inputs are enhancing yield forecasting, transparency, and sustainable soybean cultivation practices.
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%
- Fastest-Growing Regional Market: Asia Pacific
Rising demand for soybean meal from commercial animal producers is one of the primary driving factors of soybean market growth, since the poultry, aquaculture, and dairy sectors need quality feed ingredients rich in protein content to enhance their efficiency. Moreover, the food industry is making increasing investments in functional soy proteins, such as isolates and concentrates, in order to develop high-protein products.
The soybean market continues to grow as the major processors and ingredient producers focus on the application of value-added products rather than traditional food and animal feed. In July 2025, Bunge Global completed the merger with Viterra, resulting in one of the largest agribusiness firms in the world having additional oilseed crushing capabilities, grain merchandising, and more efficient logistics systems. It becomes especially important because of the harvest of the record-breaking amount of more than 180 million metric tons of soybeans grown in Brazil during the 2025/2026 season.
Growing investments into the specialty soybean ingredients result in new competition trends in the food, industrial, and renewable energy sectors, accelerating the soybean market value. Soybean protein concentrate, textured proteins, soy lecithin, and high oleic soybean oil production capacities continue to increase to meet the growing needs of the manufacturers of plant-based food products as well as the industrial sector requiring sustainable raw materials. Moreover, the biodiesel and renewable diesel producers are developing long-term purchasing contracts with soybean crushing facilities to foster further capacity expansion in North and South America. Digital crop monitoring, artificial intelligence-based yield forecasts, and precision agriculture tools help the processors to obtain better quality raw materials while minimizing procurement risks associated with climate variability. For example, in May 2026, ADM partnered with TechnoServe to support 15,000 Indian soybean farmers through regenerative agriculture and digital advisory solutions.
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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
Mozza Foods used molecular farming techniques to accelerate research into casein proteins grown from soybeans, with a focus on producing dairy proteins economically through soybean genetics. Businesses can utilize molecular farming tools to produce soy-based products that have high commercial value as alternative dairy products and functional foods.
The new Intacta 5+ soybean trait from Bayer was introduced, which combines five-herbicide resistance as well as improved insect protection, providing greater flexibility in weed management, increased robustness, and productivity for commercial soybean farming operations. Developers can use multi-trait soybeans in breeding projects, leveraging such trends in the soybean market.
Vyconic soybean from Bayer is the first of its kind with a five-herbicide tolerance capability which allows flexible weed control, higher yield potential, and efficient production in commercial soybean cultivation. Businesses can therefore produce new generation soybean seeds with herbicide resistance, increased yields, and regenerative farming suitability.
Three soybean varieties were launched by Protealis which are suited to the climate of Europe and help in protein production, sustainable agriculture practices, and crop performance. Breeding companies can produce soybean varieties which are specific to the region and ensure the domestic supply of proteins, using leveraging soybean market developments.
Expansion of Renewable Diesel and Biofuel Feedstock Demand
The increasing use of renewable diesel is leading to an increase in soybean oil usage in the most developed countries in the world. Energy companies enter into long-term deals to supply soybean oil to produce low-carbon fuels, which prompts companies to expand their crushing facilities, boosting the soybean market value. In the United States, the Renewable Fuel Standard and tax incentives provided by the Inflation Reduction Act keep promoting the development of renewable fuels and ensure a constant demand for vegetable oils. In January 2026, ADM and Bayer expanded sustainable soybean farming, reaching 100,000 Indian farmers through regenerative practices and digital agronomy support.
Traceable and Deforestation-Free Soybean Chains
Food corporations all around the globe are increasingly seeking traceable soybeans to satisfy the demands of more restrictive regulations concerning the environment and corporate sustainability. The Deforestation Regulation of the European Union encourages exporters to utilize satellite tracking, traceability on the farm level, and digital validation systems prior to exporting goods to the EU market. Companies are also developing transparent sourcing solutions to guarantee competitive advantage. Aligning with this trend in the soybean market, in June 2026, Bunge achieved 100% farm-level soy traceability in South America, advancing deforestation-free sourcing and transparent agricultural supply chains.
Rising Investments in High-Protein Soy Ingredients
Manufacturers are increasing production of soy protein isolates, concentrates, and textured proteins to meet growing demands from manufacturers of plant-based foods and nutritional products. Innovation is extending beyond meat alternative products to include the development of protein beverages, bakery products, sports nutrition, and clinical nutrition products, widening the soybean market scope. In January 2024, Benson Hill introduced five high-protein soybean varieties, enhancing feed efficiency, sustainability, and productivity for aquaculture and livestock nutrition. Nutrition programs sponsored by governments in various countries are stimulating investments that would enable manufacturers to produce premium ingredients that generate more profit and have diverse uses.
Digital Agriculture Driving Increased Soybean Yield
Modern agricultural technology is revolutionizing soybean farming as it improves crop monitoring, fertilizer application, irrigation practices, and disease detection, reshaping the entire soybean market dynamics. With the use of artificial intelligence, satellite imaging, and drone analytics, farmers can increase yield while minimizing the cost and environmental impact of farming. Brazil's Ministry of Agriculture remains committed to digital agriculture through innovation programs that encourage the use of precision agriculture technology among commercial farmers. Manufacturers like Bayer are rolling out Climate FieldView digital farm programs for soybean farms. In February 2026, researchers developed an AI model predicting Brazil's soybean yields, improving agricultural forecasting, market intelligence, and precision farming capabilities.
Strategic Processing Capacity Expansion Across Producing Regions
Top agribusiness firms are allocating funds for contemporary soybean crushing mills that address the needs of growing markets for food products, animal feeds, and renewable fuels, accelerating the soybean market penetration. The new mills will improve the resilience of the local supply chain by cutting down on transport costs and making the exports more competitive. In June 2026, Incobrasa opened a USD 250 million soybean processing plant, doubling crushing capacity and supporting biofuels, animal feed, and food production. On the other hand, infrastructure development by governments in Brazil and Argentina is continuously improving transport routes from farming areas to the export ports.
Soybean Industry Segmentation
The Expert Market Research’s report titled “Global Soybean Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Nature
- GMO
- Non-GMO
Key Insight: The nature component covers two different commercial needs within the soybean market. The first is represented by the ongoing dominance of GMO soybeans, which deliver higher agricultural efficiency, better processing economics, and a reliable supply of the base materials needed for manufacturing. On the other hand, there is a consistent growth trend in the non-GMO soybeans category due to the increasing need for transparent food production, ingredient certification, and nutritionally enriched products. These two components play a crucial role for processors as these enable them to offer different products depending on regional laws and consumer preferences.
Market Breakup by Application
- Animal Feed
- Human Food
- Breakup by Food and Beverage Type
- Oil
- Tofu
- Soy Milk
- Others
- Breakup by Food and Beverage Type
- Biodiesel and Lubricants
- Others
Key Insight: The diversity of applications is increasing the value of soybeans in many industries. The major use remains that of animal feed because of constant protein needs of the commercial livestock industry, whereas human food use is increased due to rising demands of nutritional and functional ingredients in plant products. The rapidly growing market remains that of biodiesel and lubricants because of the ongoing investments in renewable energy. Other applications such as industrial ingredients, drugs, and chemicals serve as additional sources of revenue for those companies in the soybean market which want to expand commercially.
Market Breakup by Form
- Raw
- Processed
Key Insight: Both forms serve a complimentary role in the value chain of the soybean market. Processed soybean products are predominant as they provide greater margin and help with food/feed/industrial/renewable fuel production. On the other hand, raw soybean imports continue to grow, driven by international trade that supports the expansion of regional crushing capacity and enables local production of soybean-based products. Both forms enhance the flexibility of the supply chain, providing an opportunity for agribusiness corporations to tailor their processing strategies based on regional needs, capacities, and exports.
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Key Insight: Regional soybean market dynamics are dependent on differences in production strengths and consumption trends. North America is the leading region owing to the use of modern agricultural technologies, processing facilities, and the capacity to export, whereas Asia Pacific is the fastest growing region owing to the rising food demand, expanding livestock sector, and investments in the industry. Latin America is an essential production and export region, owing to the available agricultural resources. Europe focuses on sustainable sourcing, certified import, and food processing, whereas Middle East and Africa progressively import soybeans in order to boost their food processing and animal nutrition sectors.
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Global Soybean Market Share
By nature, GMO soybeans dominate the market due to superior yields and processing efficiency
GMO variants capture the highest soybean market share since they are productive, possess greater pest-resistance, and are more resistant to herbicides, thus facilitating large scale farming. It is easier for prominent agribusinesses to use GMO soybeans as their presence guarantees continuous supply of raw materials for crushing, animal feed, oils, and renewable fuel manufacturing. Besides, regulatory compliance with the standards of GMO soybeans in the biggest exporting countries guarantees effective international trade and makes GMO soybeans the best choice for manufacturers. In December 2025, Bayer introduced Intacta 5+ GM soybean seeds in Brazil, enhancing herbicide tolerance, pest resistance, and productivity for growers.
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Non-GMO soybeans experience strong growth in the soybean market due to the growing demand of food manufacturers for organic and clean label nutrition and specialty products. Manufacturers of premium tofu, soy drinks, infant nutrition, and plant proteins need identity-preserved soybeans certified according to all requirements. Consumers' concern about transparency of the ingredients encourages food manufacturers to increase the variety of non-GMO products. Thus, there are many business opportunities for growers and exporters who can offer non-GMO soybean supplies to foreign markets. In March 2026, Protealis secured MagNfix approval and launched five soybean varieties, strengthening biological seed technologies and climate-adapted soybean cultivation across Europe.
By application, animal feed leads the market growth through sustained global livestock protein requirements
The animal feed application is the most prevalent use of soybeans due to the high-protein value, balanced amino acid levels, and digestibility of soybean meal for poultry, pork, dairy, beef, and fish production. Livestock producers prefer using soybean meals to enhance feed efficiency and productivity while retaining nutritional consistency. The rising demand for meat and dairy products in developing countries adds to the popularity of soybean meals. Processors of feeds have stable and efficient distribution chains, which makes this application in the soybean market. In August 2025, United Soybean Board launched U.S. Soy CAN website, advancing soybean-based livestock nutrition through research, digital tools, and technical resources.
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The applications for biodiesel and lubricants are growing considerably amid accelerated deployment of lower carbon fuels by government authorities and energy corporations. Soybean oil is gaining more popularity as a feedstock due to its existing processing technologies and abundance of supplies. Industrial lubricant producers are now utilizing soybean-based formulas to make them more biodegradable and reduce the use of petroleum-based lubricants. Increased investment in renewable diesel plants and the introduction of stricter carbon emissions reduction targets create opportunities in the soybean market.
By form, processed soybeans account for the dominant share of the market owing to expanding value-added ingredient manufacturing
Processed products largely contribute to the soybean market revenue since soybean meals, oil, protein concentrates, isolates, flour, lecithin, and textured proteins are required for different industries in manufacturing processes. Value addition not only increases profits but also satisfies increasing demand by food, animal feed manufacturers, and renewable energy firms. Modernization of crush and refinery plants further increases their efficiency and quality. Therefore, processed soybean products play an important role in global agricultural business strategies to maximize profits and diversify markets. In January 2026, Ghodawat Consumer launched STAR Soya Chunks, expanding affordable plant-based protein offerings for India's health-conscious consumers.
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The export of raw soybeans is increasing since importing countries find it more convenient to obtain feedstock and process them domestically rather than importing processed soybean products. Strong demand from major soybean-processing countries is driving exports, encouraging producers to increase the production of export-oriented soybeans. Improvement in logistics and storage facilities also improves the flow of raw soybean products. This trend helps importers produce tailored soybean oil and meal products according to their needs.
Global Soybean Market Regional Analysis
North America clocks in the largest share of the market through advanced soybean processing and export infrastructure leadership
North America accounts for the highest soybean market share owing to its efficient farming process through modern technology, high processing capability, and export infrastructure. This region has prominent agribusinesses operating crushing plants and developing renewable diesel raw materials, as well as value-added soy products including tofu. Advanced research capabilities and seed technologies contribute toward increasing productivity. This helps the suppliers within the region become efficient at catering to global demands by food manufacturers, feed producers, and industrial sectors.
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The Asia Pacific soybean market is expected to emerge as the fastest-growing regional market owing to urbanization, rise in disposable income, and increase in livestock production that drives up the consumption of soybean products. Meanwhile, food manufacturing industries keep developing soy-based beverages, tofu, meat replacements, and protein products that help satisfy changing consumer preferences. In addition, countries are developing their domestic crushing capabilities in order to ensure security of supply. The growth in industrial activities, food processing sector, and renewable energy initiatives makes the region a promising market for soybeans. In June 2026, INERA Crop Science and CropNXT partnered to expand biological agri-input access across five Indian states, supporting sustainable agriculture adoption.
Competitive Landscape
Companies are strengthening their competitive position in the global market by integrating their value chains. Major soybean market players are building additional soybean crushing plants, investing in renewable diesel feedstock production capacity, enhancing their traceability programs, and employing new digital agricultural technology to make their sourcing operations more efficient. Strategic mergers, artificial intelligence-driven crop monitoring technologies, regenerative agriculture initiatives, and low carbon footprint supply chain management programs represent key competitive advantages within this segment.
Soybean companies are developing specialty products such as soy protein isolates, high oleic soybean oils, and customized ingredients for food processors, biofuel producers, and animal nutrition providers. There are still many opportunities in the market due to premium non-genetically modified soybeans, identity preserved supply chains, carbon smart agriculture, and modern logistics networks.
Bunge Limited
Founded in 1818 and based in St. Louis, Missouri, United States, Bunge Limited is one of the major agribusiness companies around the globe. The company offers soybean meals, refined oils, specialty ingredients, and renewable fuel feedstocks via an integrated global value chain. With the help of its merger with Viterra, Bunge is now increasing its processing capacities, ensuring traceability in its sourcing process, and enhancing its supply chain capabilities for its customers of food, feed, and bioenergy products.
Cargill, Incorporated
Founded in 1865 and headquartered in Wayzata, Minnesota, United States, Cargill Incorporated operates large-scale soybean origination, crushing, refining, and ingredient manufacturing businesses globally. The company is upgrading itself with sophisticated soybean processing facilities and digital agriculture solutions. It also provides custom soybean products to food processors, animal producers, and renewable fuel companies via its global supply chain solutions.
COFCO International
COFCO International was founded in 2014 and has its headquarters in Geneva, Switzerland. The company emphasizes responsible sourcing, digital traceability, and logistical optimization while developing its procurement capacities in South America. Diversified activities of COFCO International make it possible for the company to provide international customers with regular deliveries of soybeans based on sustainable standards.
Andre Maggi Participações S.A.
Andre Maggi Participações S.A., which was founded in 2001 and is located in Cuiabá, Mato Grosso, Brazil, is one of the major agribusinesses in Brazil. This company boasts significant soybean production, trading and logistical capacities and keeps developing its sustainable farming, inland transport and export infrastructure while being able to deliver soybeans to international customers.
Other key players in the market include CHS Inc., Olam Agri Holdings Pte Ltd, Glencore plc, Nordic Soya Oy, Denofa AS, Wilmar International, Clarkson Grain, Willmar International, SLC Agrícola, ADM (Archer Daniels Midland Company), The Scoular Company, Louis Dreyfus Company, Kohinoor Feeds & Fats Pvt. Ltd., and Ag Processing Inc. (AGP), among 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 Highlights of the Global Soybean Market Report
- Comprehensive analysis of renewable diesel feedstock expansion and specialty soy ingredient innovations.
- Competitive benchmarking covering integrated agribusiness strategies and value-chain developments.
- Regional assessment highlighting production hubs, processing investments, and evolving trade dynamics.
- Strategic evaluation of traceability, regenerative agriculture, and digital farming transforming soybean supply chains.
Why Rely on Expert Market Research?
- Dedicated agribusiness specialists tracking soybean processing, trade, and ingredient innovation.
- Practical intelligence supporting sourcing, investment, and capacity expansion decisions.
- Research built on verified industry data, company developments, and expert market validation.
- Forward-looking insights identifying emerging commercial opportunities, sustainability trends, and competitive growth strategies.
Call to Action
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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.*
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 |
|
| Companies Covered |
|
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