Soybeans rose to 1,055 USd/Bu on July 3, 2025, up 0.43% from the previous day. Over the past month, Soybeans's price has risen 0.96%, but it is still 11.31% 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 July of 2025.

The Soybean Market report segments the industry into Geography (North America, Europe, Asia-Pacific, South America, Middle East & Africa). The report includes Production Analysis, Consumption Analysis by Value and Volume, Import Analysis by Value and Volume, Export Analysis by Value and Volume, and Price Trend Analysis. Five-year historical data and forecasts are provided.

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. .

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 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 US soybean market is one of the largest and most influential agricultural commodity markets in the world. Learn about its production, international trade, domestic consumption, government policies, and price volatility.

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

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.

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...

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.

Interactive chart of historical daily soybean prices back to 1971. The price shown is in U.S. Dollars per bushel.

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.

Global Soybean market size is expected to reach $210.62 billion by 2029 at 5.6%, segmented as by conventional, non-gmo soybeans, gmo soybeans

Learn about the factors that influence the current market rate for soybeans, including supply and demand dynamics, weather conditions, government policies, and global trade patterns. Understand how these factors impact soybean prices and why they fluctuate on a daily basis. Stay informed to make informed decisions about planting, harvesting, and selling soybean crops.

The soybeans stock market is a dynamic and complex market influenced by various factors. This article explores how soybean prices are determined, the impact of supply and demand dynamics, government policies, and global economic trends on the market, as well as the opportunities it provides for farmers, traders, and investors.

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.

Snapshot img

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.
Request Free Sample

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 practice

Get statistical data on weekly spot market and forward contract soybean prices in Ontario.

Data includes:

• old and new crop Chicago Board of Trade (CBOT) prices
• old and new crop weekly unadjusted basis
• old and new crop weekly adjusted basis
• old crop weekly cash price
• new crop cash price
• cash price spread
• CBOT price spread
• Canadian dollar value
• 5-year average for soybean basis
• 10-year average for soybean basis
• 10-year average cash price

Statistical data are compiled to serve as a source of agriculture and food statistics for the province of Ontario. Data are prepared primarily by Statistics and Economics staff of the Ministry of Agriculture, Food and Rural Affairs, in co-operation with the Agriculture Division of Statistics Canada and various government departments and farm marketing boards.

According to Cognitive Market Research, the global Soybean Seed market size will be USD 10615.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% 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 4246.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 3184.56 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2441.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 530.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% 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 212.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The genetically modified (GM) soybean seeds category is the fastest growing segment of the Soybean Seed industry

Market Dynamics of Soybean Seed Market

Key Drivers for Soybean Seed Market

The Rising Global Demand for Soy-Derived Products to Boost Market Growth

The market for soybean seeds is expanding due in large part to the rising demand for items made from soy. In many culinary and non-food items, such as soy milk, tofu, soy protein isolates, and soy oil, soybeans are an essential component. The usage of soy-based substitutes for dairy and animal products is increasing due to the growing popularity of plant-based diets, which are being driven by customers who are concerned about their health and the environment. Additionally, soymeal is a major source of animal feed for the expanding cattle industry. Soybeans' adaptability in industrial uses and biofuel generation further enhances their allure. Farmers are being encouraged by this strong demand to use premium soybean seeds in order to increase output and successfully satisfy market demands.

Expansion of Livestock and Poultry Farming to Drive Market Growth

The rise of the soybean seed market is largely driven by the increase in livestock and poultry farming. Soy is the main source of high-quality protein in animal feed, especially soymeal, for the well-being and productivity of cattle and poultry. As the world's meat consumption keeps rising, there is a growing need for feed made from soybeans. Animal husbandry is expanding quickly in emerging economies because of their expanding populations and rising incomes, which increases demand for soybeans. Farmers are spending more money on pest-resistant and high-yield soybean seeds in order to satisfy the demands of the feed sector and guarantee a steady supply and quality. This pattern helps the global soybean seed market to continue growing steadily.

Restraint Factor for the Soybean Seed Market

High Costs of Genetically Modified (GM) Seeds Will Limit Market Growth

The market expansion for soybean seeds is severely hampered by the high price of genetically modified (GM) seeds. Due to the need for intensive research and development, genetically modified seeds that provide characteristics like insect and herbicide resistance are more expensive. GM seeds are too expensive for many small-scale and resource-constrained farmers, especially in developing nations, which restricts their uptake. Furthermore, GM seeds frequently need supplementary inputs, such as certain pesticides, which raises agricultural costs even more. The financial burden is further increased for farmers by issues with intellectual property restrictions and licensing agreements. This expense barrier prevents broad adoption, which affects the market for soybean seeds' potential for overall growth.

Impact of Covid-19 on the Soybean Seed Market

The COVID-19 pandemic had a major effect on the soybean seed industry by interfering with supply chains, postponing farming activities, and influencing seed distribution. Logistical difficulties brought on by lockdowns and transit limitations made it difficult for farmers to obtain premium seeds during crucial planting seasons. Agriculture-related labor shortages made matters worse, especially in areas where manual farming is ...