Soymeal

Global Soymeal Market to Reach US$142.3 Billion by 2030

The global market for Soymeal estimated at US$120.7 Billion in the year 2024, is expected to reach US$142.3 Billion by 2030, growing at a CAGR of 2.8% over the analysis period 2024-2030. Conventional Soymeal, one of the segments analyzed in the report, is expected to record a 2.7% CAGR and reach US$127.5 Billion by the end of the analysis period. Growth in the Organic Soymeal segment is estimated at 3.5% CAGR over the analysis period.

The U.S. Market is Estimated at US$32.6 Billion While China is Forecast to Grow at 5.5% CAGR

The Soymeal market in the U.S. is estimated at US$32.6 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$28.7 Billion by the year 2030 trailing a CAGR of 5.5% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.8% and 2.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.4% CAGR.

Global Soymeal Market – Key Trends & Drivers Summarized

Why Is Soymeal Becoming an Essential Ingredient in Global Feed and Food Industries?

Soymeal has become an indispensable ingredient in both the global feed and food industries due to its high protein content, nutritional value, and versatility. As a byproduct of soybean oil extraction, soymeal is primarily used as animal feed, especially in the livestock and poultry industries, where it serves as a rich source of essential amino acids and proteins that are crucial for animal growth and health. The increasing demand for meat and dairy products has directly led to a surge in the use of soymeal in feed formulations. It is particularly favored in poultry and swine production, where the rapid growth and protein needs of animals can be met with soymeal’s highly digestible proteins.

In addition to its use in feed, soymeal is gaining traction in the human food market, particularly among health-conscious consumers looking for plant-based protein alternatives. Soymeal is used in producing various soy-based products, such as textured vegetable proteins, meat substitutes, and protein supplements. As the plant-based food movement continues to rise, driven by growing concerns over animal welfare, health, and environmental sustainability, soymeal’s importance in the food industry is expanding. Its role as a high-quality, affordable, and sustainable protein source is further cementing its place as a key ingredient in food and feed production worldwide, making it an essential commodity in the agricultural sector.

How Are Technological Advancements and Innovations Improving Soymeal Production?

Technological advancements and innovations are significantly enhancing soymeal production, boosting its efficiency and sustainability, and increasing its nutritional profile. One of the key technological improvements is in soybean processing methods, particularly the extraction of oil, which directly impacts the quality and composition of soymeal. Innovations in solvent extraction processes, including the use of more efficient solvents and advanced machinery, have allowed producers to extract a higher percentage of oil from soybeans, leaving behind a higher-quality soymeal with more consistent protein content. These advancements have improved the overall efficiency of soymeal production while ensuring that the final product meets the nutritional needs of both animal feed and human food industries.

Additionally, advancements in genetic modification and crop breeding are contributing to the growth of high-yield, disease-resistant soybean varieties, resulting in better quality soymeal. These genetically modified (GM) soybeans not only offer higher protein yields but are also more resistant to pests and diseases, reducing the need for chemical pesticides and herbicides and making production more sustainable. Furthermore, the development of non-GMO soymeal varieties is expanding the market, catering to the growing demand for non-GMO food and feed products in regions where consumers are concerned about genetically modified organisms.

Fermentation technology is another innovation impacting the soymeal industry. By incorporating microbial fermentation processes, producers are improving the digestibility and nutritional value of soymeal. This is particularly important in animal feed, where enhancing the bioavailability of nutrients can lead to better feed conversion rates and healthier livestock. Fermented soymeal is gaining popularity in the poultry and aquaculture industries, where it provides improved nutrient absorption and gut health. These technological advancements are making soymeal production more efficient, nutritious, and sustainable, ensuring its continued importance in global agriculture.

How Are Changing Consumer Preferences and Sustainability Concerns Shaping the Soymeal Market?

Changing consumer preferences, especially around sustainability and dietary choices, are significantly influencing the global soymeal market. As more consumers become aware of the environmental impact of livestock farming, particularly related to land use, water consumption, and greenhouse gas emissions, there has been a shift toward more sustainable protein sources. Soymeal, particularly when produced from sustainably grown soybeans, is increasingly seen as a more environmentally friendly alternative to other animal feed ingredients. This has driven a rise in certifications like the Round Table on Responsible Soy (RTRS) and ProTerra, which ensure that soymeal is produced under sustainable farming practices, minimizing deforestation and promoting responsible land use. Consumers and companies alike are prioritizing sustainably sourced products, leading to a growing demand for responsibly produced soymeal in the livestock, poultry, and aquaculture industries.

Moreover, the growing trend toward plant-based diets is impacting the soymeal market. Consumers seeking alternatives to animal-based proteins are turning to soy products, leading to an increase in demand for human-grade soymeal in food products. Soymeal is a crucial ingredient in plant-based protein products, such as meat substitutes, soy-based snacks, and protein powders, which are increasingly popular among vegans, vegetarians, and flexitarians. This shift in dietary habits is also spurred by concerns over personal health, with many consumers recognizing the health benefits of plant-based proteins, including lower cholesterol levels and reduced risks of heart disease. As plant-based eating continues to grow globally, the demand for soymeal as a key ingredient in these products is expected to rise.

Furthermore, ethical and environmental considerations are driving the development of soymeal that meets specific consumer requirements, such as organic, non-GMO, and locally sourced products. In markets like North America and Europe, where non-GMO and organic food trends are strong, soymeal producers are adjusting to meet these preferences, offering non-GMO soymeal and pursuing organic certification to cater to environmentally conscious consumers. The demand for transparency and traceability in food production is pushing manufacturers to adopt more ethical and sustainable practices, which in turn is shaping the supply chain and production methods within the soymeal industry. These shifting preferences toward sustainability, plant-based diets, and ethical sourcing are driving innovation and change in the global soymeal market.

What Is Driving the Growth of the Global Soymeal Market?

The growth of the global soymeal market is being driven by several key factors, including rising demand for animal protein, the increasing popularity of plant-based foods, and advancements in sustainable agriculture practices. One of the primary drivers is the growing demand for meat and poultry products, particularly in developing countries where economic growth has led to increased consumption of animal protein. As populations expand and disposable incomes rise, particularly in regions like Asia-Pacific and Latin America, the need for high-protein animal feed is growing rapidly. Soymeal, with its high protein content, is a critical ingredient in livestock and poultry feed, and its importance in meeting global protein demands is driving the expansion of the soymeal market.

In addition to rising demand in the feed sector, the surge in plant-based foods is a significant driver of soymeal market growth. As consumers seek alternatives to animal-based proteins, soymeal has emerged as a key ingredient in plant-based food products, such as soy protein isolates, textured vegetable proteins, and meat substitutes. This trend is especially strong in regions like North America and Europe, where the plant-based food market is expanding rapidly due to growing awareness of health benefits, sustainability, and ethical considerations. The increasing adoption of soy-based products as a protein source in plant-based diets is contributing to the steady growth of the soymeal market.

Sustainability concerns and innovations in soy production are also propelling the growth of the soymeal market. As agricultural practices evolve to become more sustainable, the production of soymeal is benefiting from advancements in precision farming, reduced water usage, and lower carbon emissions. Sustainable certifications and non-GMO labeling are gaining traction in the global market, meeting consumer demand for environmentally friendly products. Companies that adopt sustainable soy production practices, such as responsible land management and reduced deforestation, are positioning themselves for growth in markets where sustainability is a key concern. The growing importance of ethical sourcing, transparency, and environmental stewardship in the agricultural sector is driving demand for sustainably produced soymeal.

Furthermore, the growth of the aquaculture industry is another important factor contributing to the expansion of the soymeal market. As global demand for seafood rises, soymeal is being increasingly used as a sustainable alternative to fishmeal in aquaculture feed, providing essential nutrients and protein for farmed fish. This shift toward soy-based feeds in aquaculture is helping reduce pressure on marine resources and contributing to the overall sustainability of fish farming practices. As the aquaculture sector continues to grow, particularly in Asia, where fish consumption is high, the demand for soymeal in this sector is expected to rise significantly.

The combination of increasing demand for animal feed, the rise of plant-based foods, and the push for sustainable agriculture practices is driving the rapid growth of the global soymeal market, positioning it as a crucial component of the global food and feed supply chain.

SCOPE OF STUDY:

The report analyzes the Soymeal market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Conventional Soymeal, Organic Soymeal); End-Use (Animal Feed End-Use, Food End-Use, Pharmaceuticals End-Use)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 34 Featured) -

• Agrifeeds
• Archer Daniels Midland Company
• Bunge Ltd.
• Burcon NutraScience Corporation
• Cargill, Inc.
• CHS, Inc.
• DHN International
• EUROSOY GmbH
• Farbest Brands
• Now Health Group, Inc. (NOW Foods)

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs CBob geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

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APRIL 2025: NEGOTIATION PHASE

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