Soybeans fell to 1,026.96 USd/Bu on August 28, 2025, down 0.03% from the previous day. Over the past month, Soybeans's price has risen 4.61%, and is up 5.58% compared to the same time last year, 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 August 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 Soybean Market size was valued at USD 198.12 Million in 2023 and is projected to reach USD 318.14 Million by 2032, exhibiting a CAGR of 7.00 % during the forecast periods. The soybean market plays a pivotal role in global agriculture, driven by its diverse applications in food, feed, and industrial sectors. Key features include its high protein and oil content, making it a staple in animal feed and human diets. Soybeans are processed into oil, meal, and various food products, such as tofu and soy milk. The market is segmented by type (GM and non-GM soybeans) and technology (conventional and advanced breeding techniques). Technological advancements, such as precision farming and biotechnological innovations, enhance yield and quality. The soybean market significantly impacts global food security, economic growth, and sustainable agriculture practices. Its advantages include nutritional benefits, renewable resources, and contributions to biofuel production, which support environmental sustainability. Key drivers for this market are: Rising Consumption of Cashew Nuts in the Country, Favorable Government Initiatives. Potential restraints include: Hazardous Climatic Condition Hinders Cashew Production, Stringent Regulations Related to Food Quality Standards. Notable trends are: Increased Demand for the Byproducts of Soybean.

The Soybean Market size was valued at USD 199.63 billion in 2023 and is projected to reach USD 269.85 billion by 2032, exhibiting a CAGR of 4.4 % during the forecasts period. The Soybean Market includes the production, buying, and selling of soybeans, which is a highly useful and nutritious seed that is cultivated to be eaten and as even an oil source. It is used in many ways in the production of tofu, soy milk, and products like soap, margarine, meat substitutes, animal feed, biofuel, and many other industrial uses like making soy-based plastics and cosmetics. Some of the trends anticipated in the market today include high demand for plant protein meals, the growth of soybean food as a source of energy for biodiesel, and third, practice of sustainable farming. Market development is caused by increasing awareness of healthy lifestyles, the increasing popularity of the soy sideline, and the attributes that soybeans possess as a crop. Recent developments include: In November 2023, Cargill’s integrated soybean crush and refined oils facility in Sidney, Ohio wrapped up the expansion and modernization project, which came online in September. This improved facility is intended to serve farmers better and fulfill the growing soy product demands across feed, food, and renewable fuel markets. , In November 2021, Ag Processing, Inc. (AGP) expanded soybean processing in Sergeant Bluff, Iowa, with a USD 72 million investment. The expansion benefited soybean producers in Iowa, South Dakota, Nebraska, and Minnesota by creating better markets for their products. AGP is seeking USD 1.5 million in state and local funding for the project. .

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.

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.

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

According to Cognitive Market Research, the global Soybean market size will be 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 a...

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 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 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.

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.

This statistic depicts the average annual prices for soybeans from 2014 through 2026*. In 2024, the average price for soybeans stood at 462 nominal U.S. dollars per metric ton.

Unlock expert insights on Asia-Pacific Soybean Products Market, size at USD 82.1 billion in 2023 showcasing trends and revenue forecast.

The Soybean Meal Market Report is Segmented by Application (Animal Feed, and More) and by Geography (North America, South America, 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).

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.

This article provides a framework to estimate the potential effects and benefits of the provision of market information in storable commodity markets. This framework is applied to the case of production forecasts for the soybean market. A rational expectations storage model of the global soybean market accounting for both inter-annual and intra-annual market dynamics is built. Shocks that occur between planting and harvesting affect the size of the potential harvest. Estimates of the size of these shocks are reported publicly, and affect the market equilibrium through adjustments to stock levels. By varying counterfactually the observability of seasonal shocks, we can estimate the efficiency gains related to the availability of advance information. They are equivalent to 2% of storage costs; the reduction of stock levels being the main channel explaining the welfare gains. The presence of advance information has a limited effect on inter-annual price volatility but redistributes price volatility during the season, increasing it just before harvest when almost all news has been received and stocks are tight, and decreasing it after harvest. The effect of news shocks is stronger on higher-order moments of the distribution with a strong decrease in skewness and kurtosis related to the lower frequency of price spikes.

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

Non-GMO Soybean Market is Projected to reach USD 92.4 Billion by 2034, growing at a CAGR of 3.30% during the forecast period.