Press release
Soybean By-Product Market is Growing at CAGR of 5.9% to Achieve USD 101.43 Billion by 2034
Soybean By-Product Market
Demand for soybean by-products is expected to rise notably across North America and East Asia in the coming years. This growth is driven by a combination of factors, including the increasing adoption of plant-based diets, widespread applications in the food industry, growing focus on health and wellness, and strong agricultural output in these regions.
For More Insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=9935
What are the Key Soybean By-Product Market Trends?
"Rising Demand for Soybean By-Products as Meat Substitutes among Vegan Consumers"
A major trend driving the soybean by-product market is the increasing preference for soy-based alternatives to meat among vegan and vegetarian consumers. Products such as tofu, soy milk, soy flour, soy nuts, and soy protein isolates are gaining popularity due to their high protein content, making them essential for individuals seeking plant-based nutrition.
The market is also witnessing growth from the continuous development of new soy-derived products, which are expanding usage beyond just human consumption to include livestock feed, biofuels, and industrial applications.
Despite trade challenges, including WTO-imposed tariffs on agricultural exports and imports, global players are striving to maintain uninterrupted supply chains. These efforts, along with the growing consumer focus on health, sustainability, and ethical food choices, are collectively boosting the demand for soybean by-products across diverse industries and regions.
Country-wise Insights
China's soybean by-product market is projected to grow at a CAGR of 6.3%, reaching US$ 19.35 billion by 2034. This growth reflects the country's rising demand for plant-based proteins, expanding food processing industry, and increasing health awareness among consumers. In 2024, the East Asia region is expected to represent 24.4% of global soybean by-product market share, indicating the region's strong consumption base and robust production infrastructure.
Meanwhile, in the United States, the soybean by-product market is valued at US$ 8.83 billion in 2024 and is set to grow at a 5.7% CAGR through 2034. Growth in the U.S. market is strongly supported by the country's substantial soybean output, which currently stands at 113,344 metric tonnes. This domestic abundance of raw material allows U.S.-based manufacturers to scale production of soy-based products for both domestic use and export, further fueling market expansion.
Category-wise Insights
The soybean oil segment is projected to grow at a CAGR of 5.8%, reaching a market value of US$ 59.75 billion by the end of 2034. Extracted from soybean seeds, soybean oil is one of the most widely used vegetable oils, valued not only for culinary purposes but also for its industrial applications in products like printing inks and oil-based paints.
In the animal nutrition sector, soybean oil plays a critical role as a rich energy source, supporting dairy cattle, poultry, and pig farming by enhancing body condition, reproductive performance, and egg production. Growing efforts to boost livestock productivity continue to drive its demand.
From a medical and nutritional standpoint, soybean oil offers essential fatty acids and calories, contributing to heart health, vision, skin nourishment, and bone strength. It also remains a staple in home cooking, particularly in baking and frying, due to its light flavor and high smoke point, which enhance the quality and taste of prepared foods.
Competitive Landscape
Prominent players in the soybean by-product market include Archer Daniels Midland Company, Alpro, Dean Foods Company, CHS Inc., Eden Foods, Inc., Northern Soy Inc., Solbar Ltd., Cargill Inc., The Scoular Company, Linyi Shansong Biological Products Co. Ltd., Adani Wilmar Company, Kikkoman, and Louis Dreyfus Company.
These manufacturers are actively enhancing their product portfolios to align with evolving market demands. Strategic investments in research and development are enabling companies to improve the quality, efficiency, and sustainability of their soybean-based products, thereby boosting competitiveness and driving revenue growth. Many key players are also expanding their presence in high-growth regions like East Asia, where demand for soybean by-products is accelerating.
For instance, in November 2023, Cargill expanded its crushing and refining operations in Sidney, Ohio, effectively doubling its capacity. This move creates new opportunities for local farmers and increases demand for soybeans. Additionally, ADM has spent nearly two decades supporting smallholder soybean production in India, in collaboration with farmers and local governments-demonstrating a long-term commitment to sustainable sourcing and global supply chain development.
Browse Full Report: https://www.factmr.com/report/soybean-by-product-market
Segmentation of Soybean By-Product Market Research
By Nature :
Organic
Conventional
By End Use :
Food Processing Industry
Food Service Industry
Animal Feed
Retail / Household
Others
By Type :
Soybean Oil
Oilcake
Lecithin
By Region :
North America
Latin America
East Asia
South Asia & Pacific
Western Europe
Eastern Europe
Middle East & Africa
Check out More Related Studies Published by Fact.MR:
Eggshell Membrane Derivatives Market
https://www.factmr.com/report/788/eggshell-membrane-derivatives-market
Smoothies Market
https://www.factmr.com/report/smoothies-market
Zein Protein Market
https://www.factmr.com/report/654/zein-protein-market
Free from Foods Market
https://www.factmr.com/report/3272/free-from-food-market
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com
About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Soybean By-Product Market is Growing at CAGR of 5.9% to Achieve USD 101.43 Billion by 2034 here
News-ID: 4071370 • Views: …
More Releases from Fact.MR
Trauma Devices Market is Estimated to Reach USD 29.1 Billion by 2035 | DePuy Syn …
Fact.MR today released its latest report on the Trauma Devices Market, providing comprehensive insights into the global market's robust growth driven by rising traumatic injuries, advancements in medical technologies, and increasing global awareness of trauma care. Valued at USD 12.9 billion in 2025, the market is projected to expand at a compound annual growth rate (CAGR) of 8.7%, reaching USD 29.1 billion by 2035.
For More Insights into the Market,…
Microbiome Therapeutics Market is Projected to Reach USD 3,121.8 Million by 2035 …
The global microbiome therapeutics market is valued at USD 823.5 million in 2025 and is projected to grow at a compound annual growth rate (CAGR) of 14.2%, reaching USD 3,121.8 million by 2035. This robust expansion is driven by the increasing recognition of the human microbiome's role in managing chronic diseases, combined with rising investments in precision medicine and biotechnology innovation. As research uncovers the microbiome's influence on health conditions…
Insulin Patch Pumps Market is Anticipated to Reach USD 4.29 Billion by 2035
The global insulin patch pumps market is poised for substantial growth, with its valuation expected to rise from USD 1.42 billion in 2025 to USD 4.29 billion by 2035, reflecting a robust compound annual growth rate (CAGR) of 11.7%. This expansion is primarily driven by the escalating prevalence of diabetes worldwide and the increasing demand for convenient, discreet insulin delivery devices. As patients seek wearable insulin management systems that offer…
Wearable Payment Devices Market is Expanding USD 133.09 Billion by 2034 | Fact.M …
The global wearable payment devices market is valued at USD 33.47 billion in 2024 and is projected to expand to USD 133.09 billion by 2034, growing at a compound annual growth rate (CAGR) of 14.8%. This impressive growth is driven by the increasing adoption of contactless payment technologies, advancements in wearable devices, and rising consumer preference for convenient, secure transaction methods.
For More Insights into the Market, Request a Sample…
More Releases for Soy
Soy Food Products Market Players Gaining Attractive Investments| Northern Soy, N …
Advance Market Analytics published a new research publication on "Soy Food Products Market Insights, to 2032" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Soy Food Products market was mainly driven by the increasing R&D spending across the world. Some of the key…
Soy Protein Ingredients Market by Type (Soy Protein Concentrates, Soy Protein Is …
The global soy protein ingredients market is estimated to be valued at USD 7.7 billion in 2022. It is projected to reach USD 10.8 billion by 2027, recording a CAGR of 7.0% during the forecast period.
Soy protein ingredients are produced by processing soymeal to obtain ingredients with higher protein concentrations, which can be used as a protein source in a range of food and animal feed applications. The demand…
Soy Food Products Market to See Huge Growth by 2027 |ADM,Cargill,DuPont,Northern …
Worldwide Market Reports is one of the leading organizations, specializing in conducting high-end research by understanding the market strategies, key players, major trends, and several other aspects of the industry. The recently developed report on "Global Soy Food Products Market Outlook 2020-2027" focuses on business developments, collaborative strategies, and answers all questions related to the key affiliations.
Market Overview -
The Soy Food Products market report provides a detailed analysis of global…
Global Soy Sauce Market 2018 - Bluegrass Soy Sauce, Okonomi, Maggi
Accord Market, recently published a detailed market research study focused on the “Soy Sauce Market” across the global, regional and country level. The report provides 360° analysis of “Soy Sauce Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Soy Sauce on the…
2017-2022 Soy Milk Report on Global and United States Market - Silk, West Soy
This report studies the Soy Milk market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and splits the Soy Milk market by product type and applications/end industries.
The global Soy Milk market is valued at XX million USD in 2016 and is expected to reach XX million USD by…
Soy & Milk Protein Ingredients Market Driven by Numerous Health Benefits of Soy …
Global Soy and Milk Protein Ingredients Market: Brief Account
The worldwide soy and milk protein ingredients market is envisaged to invite radical growth prospects on the back of the snowballing awareness about several health benefits. Apart from an estimated 38.0% protein content, soy contains all the nine essential amino acids in just the right proportion that is ideal for human health. Vendors could look to extend their presence in the…
