Soybean Derivatives Market Report 2026

The soybean derivatives market size has grown strongly in recent years. It will grow from $321.58 billion in 2025 to $349.23 billion in 2026 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to rising vegetarian and vegan population, expansion of global soybean cultivation, increased use of soy in animal nutrition, availability of diversified soy derivatives, growth of processed food manufacturing.

The soybean derivatives market size is expected to see strong growth in the next few years. It will grow to $492.15 billion in 2030 at a compound annual growth rate (CAGR) of 9%. The growth in the forecast period can be attributed to growing demand for alternative proteins, expansion of plant-based food innovation, rising focus on sustainable agriculture, increasing use of soy derivatives in industrial applications, growth of health-conscious consumer segments. Major trends in the forecast period include increasing demand for plant-based protein ingredients, rising adoption of soy-based functional foods, expansion of clean-label soy derivatives, growing use in animal feed applications, enhanced focus on sustainable protein sources.

An expanding vegan population is expected to drive the growth of the soybean derivatives market in the coming years. The vegan population consists of individuals who consume plant-based and vegan products. Soybeans are a rich source of protein and offer high nutritional value comparable to non-vegetarian foods; as a result, individuals following a vegan diet increasingly prefer soybean-based products to obtain essential nutrients. For instance, in April 2024, according to Finder, a US-based personal finance comparison platform, around 2.5 million people in the UK were identified as vegan in 2024, accounting for 4.7% of the population, up from 1.4 million vegans (2.5%) in 2023. This reflects an increase of approximately 1.1 million vegans in the UK between 2023 and 2024. Therefore, the rising vegan population is contributing to the growth of the soybean derivatives market.

Increasing feed production is anticipated to further propel the growth of the soybean derivatives market going forward. Feed production involves the manufacturing of animal feed using raw agricultural inputs, formulated to meet the specific nutritional requirements of different animal species across various life stages. Soybean derivatives are widely used in feed production, particularly for poultry, aquaculture, livestock, and pet food applications. They serve as a cost-effective and high-quality protein source, making them a key ingredient in animal feed formulations. For example, in August 2024, according to Beef Central, an Australia-based manufacturing and supply company, cattle on feed reached a record level of 1.418 million head in the June quarter, exceeding the previous March record by 64,000 head, or five percent. This figure also marked an increase of 162,000 head compared to the same period in the previous year. Therefore, the growth in feed production is driving demand for soybean derivatives.

In January 2023, Cargill, Incorporated, a US-based supplier of food ingredients, agricultural solutions, and industrial products, acquired Owensboro Grain Company for an undisclosed sum. Through this acquisition, Cargill enhanced its oilseed processing capacity in North America to address the rising demand for soybean-derived products across food, feed, and renewable fuel applications. Owensboro Grain Company is a US-based soybean processor providing refining services and producing soybean oil, soybean meal, and other value-added derivative products.

Major companies operating in the soybean derivatives market are Bunge Ltd., Archer Daniels Midland Company, Louis Dreyfus Commodities B.V., Cargill Incorporated, Wilmar International Limited, AG Processing Inc., Cenex Harvest States Inc., DuPont Nutrition and Health, Ruchi Soya Industries Limited, Ingredion Incorporated, Solbar Industries Ltd., SunOpta Inc., Scoular Company, Ceres Global Ag Corp, American Natural Processors Inc., Iowa Soybean Processors, Batory Foods, Fuerst Day Lawson Holdings Limited, Fuji Vegetable Oil Inc., Sojaprotein, Arizona Grain Inc., Jiangsu Hongda New Material Co. Ltd., Cosucra, Vippy Industries Ltd.

North America was the largest region in the soybean derivatives market in 2025. Asia-Pacific is expected to be the fastest-growing region in the soybean derivatives market during the forecast period. The regions covered in the soybean derivatives market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the soybean derivatives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The soybean derivatives market consists of sales of soy flour, soy nt and soy protein. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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