How big is the Soybean Meal Market | Industry Analysis, Trends & Forecast 2031

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Code: MTA9172

Publication Date: Sep 2025

What is the size of Soybean Meal Market?

According to 6Wresearch internal database and industry insights, the Global Soybean Meal Market was valued at USD 85 Billion in 2024 and is expected to reach USD 112 Billion by 2031, growing at a compound annual growth rate of 4.00% during the forecast period (2025-2031).

The Soybean Meal Market is experiencing ongoing growth, as soybean meal is an important protein source in livestock and poultry feed. Rising meat consumption, along with growing aquaculture, is producing consistent demand across the feed and nutrition markets.

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Growth Drivers for Soybean Meal Market

Increased demand for higher protein feed in poultry, swine, and aquaculture sectors.
Increased meat consumption is supporting growth in livestock farming,
Nutritional value of soybean meal that is an economical feed ingredient,
Trade opportunities are rising in regions with growing soybean production,
Use of sustainable feed solutions that support animal health and welfare.

Soybean Meal Market Trends

The Soybean Meal Market trends indicates increased use of soybean meal as a protein-rich component of livestock and aquaculture feed. There is increasing awareness regarding balanced nutrition, which is resulting in higher diet formulations of soybean meal in poultry and dairy feeding. Another trend in the Soybean Meal Market is the increase in exports from major producing regions to meet feed procurement in countries that are more reliant on imports, which defines trade flows and the role of soybean meal in feed.

Emerging Developments in the Soybean Meal Market

Soybean Meal Market developments include research investigating digestibility and nutrient absorption with advanced processing. Feed producers are investigating enzyme treatments and blends to help with performance. Other developments include continued progress, investments, and updates to feed production and supply chain enhancements. Continued development via strategic partnerships between soybean processors and feed manufacturers is helping to broaden the reach of soybean meal in the overall feed industry.