Soybeans fell to 1,017.50 USd/Bu on October 6, 2025, down 0.05% from the previous day. Over the past month, Soybeans's price has risen 0.39%, but it is still 1.60% lower than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Soybeans - values, historical data, forecasts and news - updated on October of 2025.

The Soybean Market Report is Segmented by Geography (North America, Europe, Asia-Pacific, and More). The Report Includes Production Analysis (Volume), Consumption Analysis (Value and Volume), Export Analysis (Value and Volume), Import Analysis (Value and Volume), and Price Trend Analysis. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Metric Tons).

The US soybean farming industry is navigating significant changes in the current period, with soybean prices determining the initial rise and recent decline in industry performance. These prices have been influenced by several key factors, including the growing demand for biofuels and mixed consumer perceptions regarding soy products. The demand for soybean oil in biofuel production surged due to supportive policies like the Renewable Fuel Standard and rising crude oil prices, creating a lucrative market for soybean producers. However, subsequent drops in fertilizer and crude oil prices, paired with record-high soybean production, have sharply dropped soybean prices, bringing revenue and profit down with them as farmers struggle to balance costs with lower incomes. Industry has shrunk a compound annual growth rate (CAGR) of 2.6%, with a decrease of 8.7% in 2025, reaching an estimated $44.2 billion. US soybean exports are facing mounting challenges due to competitive pressures abroad and quickly evolving trade policy. Brazil’s increased production and improved export infrastructure have strengthened its position as a major supplier, particularly to China, which is reducing its reliance on US soybeans. This shift threatens US exports and compels American farmers to reassess their strategies, focusing on market diversification and emphasizing quality and sustainability to remain competitive. Rising geopolitical tensions and newly imposed tariffs, such as those affecting key markets like the EU, Canada and China, have further complicated trade, impacting US farmers' access and pricing power in these vital markets. Through the end of 2025, soybean prices are initially projected to decline due to increased production and growing global supplies. However, as climate change impacts crop yields through extreme weather and pest challenges and supplies become limited prices will be pushed upward alongside rising global demand. Subsidies will continue to play a vital role in supporting farmer incomes amids these fluctuations, providing some stability to an otherwise highly volatile industry. However, the industry faces significant uncertainty due to the ongoing USDA funding freeze is creating significant uncertainty, particularly where government support and subsidies are concerned. This freeze is affecting a wide range of agricultural programs including conservation efforts, market development, research and technical assistance. Over the next five years, the industry is expected to grow at a CAGR of 1.3%, with revenues reaching $47.1 billion by the end of 2030.

The global soybean market was valued at USD 157.60 Billion in 2024 and is expected to grow at a CAGR of 4.10% during the forecast period of 2025-2034 to reach a value of USD 235.54 Billion by 2034. The growing demand for soybeans in food, animal feed, and biofuels has boosted the overall consumption rate.

Key Market Insights

• Asia Pacific has emerged to be the dominant region with a CAGR of 5.3% during the forecast period.
• The rising popularity of plant-based diets has increased soyabean consumption, especially in food products including tofu and soy milk.
• The India soyabean market is projected to register 6.1% CAGR during the forecast period.
• By application, the animal feed segment is expected to register a CAGR of 4.7% during the forecast period.
• By nature, the organic segment is expected to garner a 4.6% CAGR through 2034.

Market Size & Forecast

• Market Size in 2024: USD 157.60 Billion
• Projected Market Size in 2034: USD 235.54 Billion
• CAGR from 2025 to 2034: 4.10%
• Dominant Regional Market: Asia Pacific

Soybeans are rich in protein and oil, driving consumption in health-conscious diets. Additionally, soybean production benefits from technological advancements, favourable trade policies, and increasing plant-based product demand worldwide.

soybean market size & share value predicted to reach USD 232.98 billion by 2032, to grow at a CAGR of 4.6% during the forecast period.

This statistic shows the leading countries in soybean production worldwide from 2012/13 to 2024/25. From 2015/16 to 2018/2019, the United States was the leading global producer of soybeans with a production volume of ****** million metric tons in 2018/2019. As of 2019, Brazil overtook the United States as the leading soybean-producing country with a production volume of some *** million metric tons in 2023/24. Soybean production Soybeans are among the major agricultural crops sown in the United States, behind only corn. They belong to the oilseed crops category, and the majority of U.S. soybeans are planted in May and early June and are harvested in late September and October. Production practices show that U.S. farmers commonly cultivate soybeans in crop rotation with corn. More than ** percent of soybeans are grown in the upper Midwest. The United States reported Illinois, Iowa, and Minnesota as their leading soybean producing states in 2022. Historical data demonstrates that large-scale soybean production did not commence until the 20th century in the United States. However, the latest statistics illustrate that the acreage of the dominant oilseed crop has expanded rapidly. The certain increase of soybean acreage was supported by several factors, including low production costs and a greater number of 50-50 corn-soybean rotations. Furthermore, soybeans were one of the first crop types that accomplished commercial success as bioengineered crops. The first genetically modified (GM) soybeans were cultivated in the United States in 1996. They possess a gene that confers herbicide resistance.The usage of soybeans ranges from the animal food industry over human consumption to non-food products. The highest percentage of soybeans goes to the animal feed industry. The product portfolio intended for human consumption include products such as soy milk, soy flour or tofu.

According to Cognitive Market Research, the global Soybean market size was USD 157421.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 62968.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 47226.45 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 36206.95 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 7871.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 3148.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
The Raw category is the fastest growing segment of the Soybean industry

Market Dynamics of Soybean Market

Key Drivers for Soybean Market

Increasing Demand for Animal Feed to Boost Market Growth

The soybean market is substantially influenced by the increasing demand for animal feed. As the global population expands, there is a growing demand for livestock diets that contain a higher protein content. Soybeans are essential for the preparation of animal feed that promotes the health and productivity of livestock due to their high protein content. This demand is further exacerbated by the increasing consumption of meat and dairy products, particularly in expanding economies. Soybeans are indispensable in the animal husbandry sector due to their provision of essential nutrients that promote the growth and well-being of livestock. Consequently, the soybean market's growth and development are directly influenced by the increasing demand for animal feed.

Increasing Awareness of Health to Drive Market Growth

Another significant driving force for the soybean market is the growing emphasis on health consciousness among consumers. Soybeans, which are recognized for their nutritional benefits, have become an essential component of contemporary nutritional preferences as individuals prioritize healthier dietary choices. The trend toward mindful eating has resulted in an increasing demand for soy-based products and plant-based proteins. Soybeans are an ideal choice for health-conscious consumers who are in search of sustainable and nutritious food alternatives. This is due to their high protein content and essential nutrients. The global soybean market's growth patterns are significantly influenced by the pursuit of healthier lifestyles and the evolving dietary awareness, which in turn promotes the consumption of soy-based products.

Restraint Factor for the Soybean Market

Negative Environmental Consequences, will limit market growth

The expansion of soybean farming, particularly in regions such as Brazil, presents substantial environmental challenges. The Amazon rainforest's extensive deforestation for soy cultivation has severe ecological repercussions, such as the disruption of ecosystems, the loss of biodiversity, and the increase in carbon emissions. The Amazon is essential for regulating the global climate, and the clearing of forests not only destroys habitats but also contributes to climate change. Furthermore, the environment is further burdened by the construction of infrastructure, including roads and ports, to facilitate the expansion of soy. Criticism and calls for more sustainable agricultural practices have been prompted by these environmental impacts. The development of sustainable farming methods and agreements to safeguard forest areas are among the measures implemented to resolve these concerns. Nevertheless, the market continues to face a substantial challenge in reconciling the economic advantages of soy production with environmental conservation.

Impact of Covid-19 on the Soybean Market

Global soybean markets were significantly affected by the COVID-19 pandemic. Lockdown measures and restrictions on movement significantly disrupted economic activities, particularly affecting farmers' capacity to access markets and w...

The soybean price chart shows the historical prices of soybeans over a given period of time. It provides a visual representation of price movements, allowing users to analyze trends, spot reversals, and identify support and resistance levels. This article discusses the importance of soybeans as an agricultural commodity and how the price of soybeans is influenced by various factors. It also explores different types of price charts, such as candlestick and line charts, and the customization options available

Global Soybean market size is expected to reach $196.64 billion by 2029 at 4.2%, segmented as by conventional, non-gmo soybeans, gmo soybeans

The report covers Global Soy Food Market Products & Companies and is segmented by Type (Meat Substitutes, Non-dairy Ice Cream, Non-dairy Cheese, Non-dairy Yogurt, and Non-dairy Spread); by Distribution Channel (Supermarkets/Hypermarkets, Convenience stores, Online retail stores, and Other Distribution Channels); and by Geography (North America, Europe, Asia-Pacific, South America, and the Middle-East and Africa).

Non-GMO Soybean Market Outlook

As of 2023, the global non-GMO soybean market size is estimated to be valued at approximately $19.5 billion, with projections indicating a significant growth to reach around $33.4 billion by 2032. This expansion reflects a compound annual growth rate (CAGR) of 6.2% over the forecast period. The market's growth is primarily driven by increasing consumer awareness and preference for non-GMO products, reflecting a shift towards healthier and more sustainable agricultural practices. Non-GMO soybeans, which are not genetically modified to resist pesticides or herbicides, are increasingly favored for their perceived health benefits and reduced environmental impact.

One of the primary growth factors for the non-GMO soybean market is the rising consumer demand for organic and natural food products. As consumers become more health-conscious, there is a growing inclination towards products that are perceived to be free from genetic modifications. This trend is bolstered by heightened public awareness regarding the potential health risks associated with GMO consumption, including allergies and antibiotic resistance. Furthermore, the organic food industry has been witnessing robust growth, contributing significantly to the demand for non-GMO soybeans, which are a key ingredient in many organic products.

The regulatory landscape also plays a crucial role in the market's expansion. Many countries have stringent labeling requirements and policies favoring non-GMO agricultural practices, which in turn stimulate demand. For instance, the European Union has some of the strictest regulations concerning GMO labeling, which has led to increased imports of non-GMO soybeans. Additionally, certifications such as Non-GMO Project Verified are becoming more prevalent, providing consumers with assurance and driving market growth. Moreover, these regulations are not only limited to food but also extend to animal feed, ensuring that livestock is fed non-GMO products, which further supports market expansion.

Environmental concerns and sustainable farming practices are also key factors influencing the non-GMO soybean market. The cultivation of non-GMO soybeans is often associated with lower chemical input, which aligns with environmentally sustainable agriculture practices. This shift is driven by both consumer demand and environmental policies aimed at reducing the ecological footprint of farming activities. Non-GMO soybeans contribute to biodiversity preservation and reduced dependency on chemical herbicides and pesticides, making them a preferred choice for environmentally conscious consumers and producers alike.

Regionally, the market's growth is bolstered by significant demand from North America and Europe, driven by heightened consumer awareness and regulatory support for non-GMO products. In Asia Pacific, particularly in countries like China and India, the demand for non-GMO soybeans is steadily increasing due to growing health consciousness and expanding vegetarian and vegan populations. Latin America and the Middle East & Africa are also witnessing a gradual rise in demand, although the growth rate is comparatively slower than in developed regions. The favorable climatic conditions in Latin America, particularly in Brazil and Argentina, facilitate the large-scale production of non-GMO soybeans, thereby supporting regional supply.

Product Type Analysis

In the non-GMO soybean market, product type segmentation plays a pivotal role in shaping the dynamics and understanding the demand patterns. The primary product types include food-grade soybeans, feed-grade soybeans, and others, each fulfilling distinct roles across various industries. Food-grade soybeans are primarily used in the production of soy-based food products such as tofu, soy milk, and edamame, which are staples in many vegetarian and vegan diets. The rising trend of plant-based diets is significantly propelling the demand for food-grade soybeans, as consumers seek out these alternatives for dietary and ethical reasons.

Feed-grade soybeans, on the other hand, are crucial in the animal husbandry sector. They are predominantly used in livestock feed due to their high protein content, which is essential for animal growth and health. As the global demand for meat and dairy products continues to rise, so does the need for quality livestock feed. This drives the feed-grade soybean market, as more farmers and livestock producers opt for non-GMO feed to meet consumer preferences for non-GMO animal products. The assurance of non-GMO feed plays an important role in the marketing of meat and

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Soybean Derivatives Market Size 2025-2029

The soybean derivatives market size is forecast to increase by USD 134.5 billion, at a CAGR of 7.2% between 2024 and 2029.

The market is experiencing significant growth due to the rising demand from lactose-intolerant and vegan consumers for alternative sources of protein. These consumers are increasingly turning to soybean derivatives, such as soy protein isolates and textured vegetable protein, as substitutes for dairy and meat products. Additionally, the animal feed industry is a major consumer of soybean derivatives, with soybean meal being a primary source of protein for livestock. However, the market faces challenges from the presence of soybean substitutes, such as pea and sunflower protein, which offer similar nutritional benefits. These substitutes are gaining popularity due to their lower environmental impact and potential for higher yields. Soybean derivatives, such as soy milk and tofu, are popular alternatives to dairy products and meat, respectively
Furthermore, the volatility of soybean prices and trade policies, such as tariffs and quotas, can significantly impact the market's dynamics. Companies in the market must navigate these challenges by focusing on product innovation, sustainability, and supply chain efficiency to remain competitive. Additionally, the use of soybeans in animal feed is another growth factor. For instance, developing new applications for soybean derivatives in the food and beverage industry, improving production processes to reduce waste and increase yields, and exploring new markets and partnerships can help companies capitalize on market opportunities and mitigate risks.

What will be the Size of the Soybean Derivatives Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The market encompasses a wide range of applications and products, from soybean yield optimization and hull applications to soy meal composition and protein concentrates. Soybean cultivation practices continue to evolve, with a focus on disease management and sustainability practices. In the realm of product development, soybean ingredient innovation is driving the creation of new grades of soy lecithin and protein isolates. In the food industry, soy derivatives are used as functional ingredients in various applications, including baked goods, beverages, and processed food.
Soybean pest resistance and environmental footprint are also critical factors influencing market dynamics. As the demand for sustainable and high-performing soybean derivatives continues to grow, so too will the innovation and collaboration within the industry. Industry collaborations and regulatory compliance are shaping the soybean industry landscape, with a growing emphasis on traceability systems and GMO labeling. Additionally, the market is expanding in sectors such as biodiesel due to the renewable nature of soy oil and its potential to reduce greenhouse gas emissions.

How is this Soybean Derivatives Industry segmented?

The soybean derivatives industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Soy oil
  Soy milk
  Soy protein
  Others


Distribution Channel

  Offline
  Online


Application

  Food and beverage
  Animal feed
  Others


Geography

  North America

    US
    Canada
    Mexico


  APAC

    China
    India
    Indonesia
    Japan


  South America

    Argentina
    Brazil
    Colombia


  Rest of World (ROW)

By Type Insights

The soy oil segment is estimated to witness significant growth during the forecast period. Soybean oil, derived from soybean processing, is a popular choice for health-conscious consumers due to its nutritional benefits. Rich in unsaturated fats, essential fatty acids, and vitamin E, soybean oil is a preferred cooking oil for various applications, including frying, sautéing, baking, and salad dressings. The environmental sustainability of soybean cultivation and the versatility of soybean derivatives have contributed to their increasing use in various industries. Soybean-based ingredients, such as soybean flakes, grits, and meal, have gained popularity in the animal feed industry due to their high nutritional value and protein content. Soybean meal is a valuable byproduct of soybean oil refining and is a primary source of protein for livestock. It is used as an emulsifier and stabilizer in various industries, including food, pharmaceuticals, and cosmetics.

Soybean sustainability is a critical concern for consumers and manufacturers alike, leading to an increased focus on sustainable sourcing and production practices. Soybean gen

The global Soybean market is poised for significant expansion, projected to reach a valuation of approximately $170 billion by 2025, with a robust Compound Annual Growth Rate (CAGR) of around 6.5% anticipated through 2033. This growth is primarily fueled by the increasing demand for soybeans in the food and beverages sector, driven by their versatility in producing soy milk, tofu, tempeh, and various plant-based food alternatives that cater to a growing health-conscious consumer base and the rise of veganism. The personal care industry also contributes substantially, utilizing soybean oil and derivatives in cosmetics and skincare products due to their moisturizing and antioxidant properties. Furthermore, the pharmaceutical sector's utilization of soybeans for functional ingredients and the animal feed industry's reliance on soybean meal for protein enrichment solidify its market dominance. Key drivers include a growing global population, a discernible shift towards sustainable and plant-based diets, and ongoing advancements in agricultural technologies enhancing soybean yields and quality. While the market exhibits strong upward momentum, certain restraints could temper its full potential. Fluctuations in raw material prices, driven by weather patterns, geopolitical events, and global supply chain disruptions, can impact profitability. Stringent regulations pertaining to genetically modified organisms (GMOs) in specific regions might also pose challenges for market participants. However, the increasing adoption of organic soybeans, driven by consumer preference for non-GMO and sustainably sourced products, presents a significant opportunity. Geographically, the Asia Pacific region, particularly China and India, is expected to lead market growth due to high population density and escalating demand for soy-based products. North America and Europe also represent substantial markets, driven by established food processing industries and a strong consumer inclination towards plant-based proteins. The market is characterized by intense competition among major players like Cargill, Archer-Daniels-Midland Co., and DuPont, who are actively investing in research and development to innovate and expand their product portfolios, particularly in value-added soy derivatives. This comprehensive report delves into the multifaceted soybean market, providing in-depth analysis and actionable insights for industry stakeholders. We examine market dynamics, identify key trends, and highlight leading players to equip you with the knowledge necessary to navigate this dynamic sector.

The Non-GMO Soybean Market report segments the industry into Product (Whole Beans, Crushed Beans), Application (Soybean Meal, Soy Oil, Livestock Feed, Pharmaceuticals, Others), End User (Food and Beverages, Animal Feed, Others), and Geography (North America, Europe, Asia-Pacific, South America, Africa). Includes historical trends with five-year forecasts.

In 2024, the global soya bean market decreased by -8.5% to $181.2B, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of +2.7% from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Global consumption peaked at $204.5B in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.

BCC Research report on Soybean Derivatives Market. The global soy derivatives market should reach $228.6 billion by 2025 from $160.3 billion in 2020 at a CAGR of 7.4% for the forecast period of 2020 to 2025.

The Soybean Seed Market is segmented by Breeding Technology (Hybrids, Open Pollinated Varieties & Hybrid Derivatives) and by Region (Africa, Asia-Pacific, Europe, Middle East, North America, South America). The market volume and value are presented in metric ton and USD respectively. The key data points include the market size of seeds by breeding technology, cultivation mechanism and crop.

The global soybean derivatives market, valued at $220,840 million in 2025, is projected to experience robust growth, driven by increasing demand across diverse applications. The compound annual growth rate (CAGR) of 4.3% from 2025 to 2033 indicates a significant expansion in market size. Key drivers include the rising global population fueling demand for food and feed products, the growing popularity of plant-based alternatives to meat and dairy, and the increasing use of soy lecithin in various food and cosmetic applications. Furthermore, advancements in soybean processing technologies are leading to the development of higher-quality and more efficient derivative products, contributing to market growth. Geographic expansion, particularly in emerging economies of Asia and Africa, where consumption of soy-based products is increasing, represents a significant opportunity for market players. However, factors like fluctuating soybean prices, potential crop failures due to climate change, and the emergence of competitive alternatives could pose challenges to market expansion. The market segmentation highlights the significant role of feed applications, followed by food applications, with other industrial uses contributing a smaller share. Within types, soybean meal (including soy milk and soy protein concentrate) and soy oil (including soy lecithin) dominate the market. Major players, including Bunge, ADM, Cargill, and Wilmar International, are actively involved in production, processing, and distribution of soybean derivatives, shaping the competitive landscape. The North American region, particularly the United States, holds a significant share of the market due to its large-scale soybean production and well-established processing infrastructure. However, Asia-Pacific, especially China and India, is expected to exhibit rapid growth, driven by burgeoning populations and increasing disposable incomes. Europe also presents a significant market, fueled by increasing demand for soy-based protein ingredients and environmentally conscious consumer preferences. The competitive landscape is characterized by a mix of large multinational corporations and regional players. Companies are focusing on strategic partnerships, acquisitions, and capacity expansion to consolidate their market position and cater to the growing demand for diverse soybean derivatives. Overall, the soybean derivatives market presents a promising outlook, with continued growth driven by global trends and innovative product development.

Analysis of the recent drop in soybean futures prices, declining export volumes, and the latest USDA crop progress and condition report for the US soybean crop.

The soybean market is a complex and dynamic global market influenced by factors such as supply and demand dynamics, weather conditions, government policies, and global economic trends. This article explores the versatile uses of soybeans, the key drivers of the market, and the impact of factors such as increasing demand for soybean products and weather conditions. It also highlights the role of major soybean-producing countries and the importance of the soybean market in the agricultural and food industry.