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June 2025
The global soybean derivatives market size reached at USD 278.18 billion in 2024 and is anticipated to increase from USD 289.31 billion in 2025 to an estimated USD 411.77 billion by 2034, witnessing a CAGR of 4% during the forecast period from 2025 to 2034. The superb functional properties and the importance of high-quality plant proteins are the major rationales behind the success of soybean proteins and related products derived from soybeans.
| Study Coverage | Details |
| Growth Rate from 2025 to 2034 | CAGR of 4% |
| Market Size in 2025 | USD 289.31 Billion |
| Market Size in 2026 | USD 300.88 Billion |
| Market Size by 2034 | USD 411.77 Billion |
| Largest Market | Asia Pacific |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
The major market players, like ADM, introduced its SojaProtein, which delivers outstanding soy products locally in Europe. The presence of the largest growers and producers of high-quality soy protein ingredients like ADM drives the expansion of the soybean derivatives market. According to the survey conducted by ADM in 2024, about 72% of consumers prefer natural and locally grown products and 55% of consumers believe in environmentally sustainable plant-based products than traditional meat products. About 42% of consumers in the U.S. prefer plant-based meat alternative products to add nutritional variety to their diets. Over 73% of consumers agree with the taste and nutrition of plant-based alternative products as the most important attributes of these foods. (Source: ADM)
Soy Protein Nutrition Solutions by Archer Daniels Midland Company (ADM), the Global Provider of Plant Proteins
| Sr. No. | Soy Protein Solutions | Benefits | Applications |
| 1 | Soy Protein Isolates | Fortify Protein Improve Texture Improve Mouthfeel More Soluble More Dispersible Add Succulence Add Juiciness |
Soups Meat Alternatives Processed Meat & Meat Extension Dairy & Dairy Alts. Bars Snacks Cereals Baked Goods Beverages Sports Nutrition |
| 2 | Soy Protein Concentrates | More Water Retention Improve Texture Emulsifies Enhance Viscosity Boost Performance Reduce Costs |
Meat Alternatives Meat Extensions Dairy & Dairy Alts. Sports Nutrition Beverages Bars & Snacks Baked Goods |
| 3 | Textured Soy Protein | Clean Flavor Highly Functional Enhance Texture Water Binding Non-GMO Organic Uniform Product |
Meat Alternatives Processed Meats Meat Extensions Bars Snacks Sports Nutrition Cereals Pet Food & Treats |
| 4 | Soy Flours & Grits | Enhance Nutrition Aids Fermentation Improve Texture Enhance Moisture Enhance Mouthfeel Extend Shelf Life |
Processed Meat Meat Extensions Ground Meat Bars Snacks Cereals Baked Goods Cookies & Crackers Specialty Breads Gluten-Free Baking Sweet Goods |
(Source: ADM)
Prominent market players, like Nestle, believe soy is the most important crop which is sourced in two key forms, such as direct soy and indirect soy. Direct soy forms include soybean oil, soybean meal, and soybean derivatives. Indirect soy forms include animal feed. The soy from Nestle is mainly used for the pet food business and plant-based products. Nestle achieved 96.1% progress in the primary supply chain for soy as free from deforestation in 2024. This progress reflects responsible soy sourcing by achieving environmental sustainability.
There are challenges in engaging with suppliers and stakeholders across soy production chains. The leading companies like Nestle engage with suppliers to trace their locations and the origin of the soy production. These efforts are made to improve transparency and traceability by resolving mapping risks. The companies and their efforts focus on making suppliers more aware of the importance of improving traceability across the soy production and supply chain. Nestle also encourages collaborations between programs and initiatives to establish shared value for soy producers.
How Asia Pacific Dominated the Soybean Derivatives Market in 2024?
Asia Pacific dominated the soybean derivatives market in 2024. Southeast Asia represents a growing potential for U.S. agriculture due to rising incomes and growing populations. Southeast Asia provides favorable opportunities for the U.S. exports of food, feed, and fiber by being a promising market for the U.S. markets. The top agricultural products exported from the U.S. to this region are soybean derivatives, soybeans, wheat, cotton, skim milk powder, and distillers’ dried grains. The U.S. stands as the major competitor among other exporters to Southeast Asia.
Southeast Asia stands as the third-largest regional market for U.S. agricultural exports, which encompasses several countries like Singapore, the Philippines, Cambodia, Malaysia, Indonesia, Myanmar, Brunei, Laos, Thailand, Vietnam, and Timor-Leste. However, there are large export markets in China, Taiwan, Japan, and South Korea, while the Southeast Asian market is also expected to expand in income and population. The Southeast Asian market also collaborates with other foreign suppliers to meet the growing demands of these products based on the climate conditions for these crops.
How Big are the Competition and Outstanding Opportunities for the Major Food and Feed Imports of Southeast Asia?
Several competitors to the U.S. exports to Southeast Asia face trade barriers and disorganization due to which U.S. exports also face several challenges as well as opportunities. The Association of Southeast Asian Nations (ASEAN) and the ASEAN Free Trade Area cover members from all Southeast Asian countries except Timor-Leste. In ASEAN, intra-regional trade is duty-free, and it has signed off trade agreements with several countries, like Australia, China, New Zealand, and India. The World Trade Organization (WTO), tariffs under the WTO, covers Southeast Asian countries along with the U.S. as its members. The U.S.-Singapore Free Trade Agreement is held by the U.S. as the bilateral trade agreement in the Southeast Asia region.
How does the Import Demand of Southeast Asia Increase with Population and Income Growth?
With the increasing population and growing incomes in Southeast Asia, the potential of U.S. exports of food and fiber is also increasing. The projections about the future growth of this region are seen as growth factors in Indonesia, Vietnam, and the Philippines. It is also expected that Malaysia will experience significant growth in the near future.
Projections by the U.S. Department of Agriculture, Economic Research Service:
How will India Drive the Soybean Derivatives Market by Conducting Capacity-Building Programmes and Trainings?
The Agricultural and Processed Food Products Export Development Authority (APEDA) organized a meeting with soybean exporters which also involved NPOP certification bodies and laboratories in December 2023 to identify challenges related to laboratory testing of organic products. The APEDA also focused on knowing the potential issues and reasons to detect pesticide residue in organic products in the importing countries. The regulatory authorities like APEDA conduct meetings with stakeholders to make the supply chain stronger for the year 2024. They also provide financial assistance for the upgrade of laboratories.
Major Competitors for U.S. Agricultural Exports to Southeast Asia by the U.S. Department of Agriculture (USDA), Economic Research Service
| Sr. No. | Name of the Product | Country/Region as Major Competitor |
| 1 | Soybeans | Brazil |
| 2 | Soybean flour | Southeast Asia and India |
| 3 | Soybean meal | Brazil and Argentina |
| 4 | Cotton | Brazil, Australia, and India |
| 5 | Wheat | Australia, Canada, and Argentina |
| 6 | Skim milk powder | Australia, New Zealand, and European Union |
| 7 | Distillers' dried grains with solubles (DDGS) | Australia and Canada |
| 8 | Food preparations | Southeast Asia, China, and Canada |
| 9 | Poultry | Southeast Asia, Brazil, and European Union |
| 10 | Beef | Brazil, Australia, New Zealand, European Union, and India |
| 11 | Corn | Southeast Asia, Brazil, and Argentina |
| 12 | Animal feed | Southeast Asia, European Union, China, |
| 13 | Rice | Southeast Asia and India |
(Source: ERS-USDA)
North America is expected to grow at the fastest CAGR in the soybean derivatives market during the forecast period.
The United Soybean Board offers opportunities for investments in soy research. The American Soybean Association also supports soy research by providing funds to federal programs like the Agricultural Food Research Initiative and the Agricultural Research Service. These programs maintain the competitiveness of American growers and enable them to develop new technologies to stay ahead in the global market.
However, Colgate-Palmolive Company, situated in New York and worldwide, introduced its responsible soy procurement policy which is applicable to all soy-based materials provided by Colgate operations, joint ventures, and subsidiaries all around the world. Colgate uses soy meal, soy oil, and soy-based derivatives in some personal care products and Hill’s Pet Nutrition products. The soy-based materials of Colgate originate in the U.S., Europe, and South America. Colgate has joined the Consumer Goods Forum-Forest Positive Coalition to identify the impact of soy on global deforestation.
Soy Footprint in metric tons by the Colgate Palmolive Company, the Multinational Consumer Products Company
| Sr. No. | Ingredient Type | Footprint | % of CP Total |
| 1 | Soybean Meal/Oil | 33,474 | 42% |
| 2 | Soy-based Glyceride | 46,033 | 58% |
| 3 | Total | 79,508 | 100% |
(Source: Colgate-Palmolive)
A Responsible Soy Supply Chain of Colgate Palmolive Company
| Sr. No. | Suppliers of Colgate Palmolive Company | Colgate’s Top Direct Soy-based Glycerin and suppliers | Priority Upstream Intermediate Soy-based Derivative Suppliers |
| 1 | Cargill, Incorporated | Caramuru | Caramuru |
| 2 | Bunge Limited | ICOF/Musim Mas | ADM |
| 3 | Olenex | La Fama | Bunge Limited |
| 4 | ADM | Olfar | LDC |
| 5 | - | ADM | - |
| 6 | - | Aceitera General Deheza | - |
(Source: Colgate-Palmolive)
What is the Significance of Agricultural Exports in the United States?
U.S. agricultural exports include soybean products, poultry products, flours, meals, pellets of meat, miscellaneous food preparations, skim milk powder, cotton, wheat, etc. The other products in the U.S. exports include corn gluten meal, beef, animal food preparations, whey products, cheese, pistachios, grapes, apples, almonds, tobacco, citrus fruit, and frozen potatoes. According to the U.S. Department of Agriculture (USDA), Economic Research Service, the U.S. soybean ending stocks for the marketing year 2025-26 were projected at 295 million bushels.
Latin America is Seen to Grow at a Notable Rate in the Soybean Derivatives Market in 2024.
The European Union Regional Facility for Latin America and the Caribbean, the German Cooperation, and the United Nations ECLAC supported the 2024 initiatives to scale up the circular economy in Latin America and the Caribbean. This region depends on agriculture and oil exploitation as its principal activities. Based on the climate and soil conditions, Latin America remains at the forefront of producing several crops such as palm oil, corn, rice, and soybeans. Many producers in this region also focus on the production of other crops such as oranges, lemons, cacao, coffee, etc. in the mountain ranges at the border of the region.
There is a popularity of organic farming among medium and small progressive farmers in this region, which makes up to 15% to 20% of production in this region. The various factors impact the circular economy transition of Latin America, which include public policy, innovations in regulation, incentives, capacity building, research, information systems, consumer behavior, and international cooperation.
How do Brazil and Argentina Hold the Primary Competitor Position for the U.S. Exports in the Southeast Asian Market?
Brazil exports similar raw materials and agricultural products like the U.S. Brazil is a big supplier of products like cotton, soybean, soybean meal, beef, poultry, and corn to Southeast Asia. Argentina is the primary exporter of corn, wheat, and soybean meal to this region. Both these countries do not have any trade agreements with this region and are the key exporters of corn to the same region as the U.S.
How Food Segment Dominated the Soybean Derivatives Market in 2024?
The food segment dominated the soybean derivatives market in 2024. A diet rich in soy foods lowers the risk of cardiovascular diseases such as stroke and coronary heart disease. Soy foods rich in phytoestrogen content can reduce the symptoms of menopause based on the observations of women in some parts of Asia. Soy foods are advantageous in lowering blood pressure, improving blood vessels, improving bone health, etc. They protect patients against cancer and improve their cognitive function and visual memory.
The Feed Segment is Expected to Grow at the Fastest CAGR in the Soybean Derivatives Market During the Forecast Period.
Soybean meal is the most utilized source of protein in animal feeding, where animal feed formulations contain soybean meal as the principal source of protein and amino acids. Soybean is also a high-quality vegetable protein, having a less variable chemical composition than other protein sources. Soybean quality control programs focus on determining the protein content rather than the energy levels.
What Made Enzyme the Dominant Segment in the Soybean Derivatives Market in 2024?
The enzyme segment dominated the soybean derivatives market in 2024. The enzymes play an important role in improving the nutritional value of soybeans. One of the examples of a phosphohydrolytic enzyme is phytase that performs an important enzymatic reaction in soybean foods. Enzyme like phytases are known to improve the utilization of nutrients in animal feeds.
Why did the Soy Oil Segment Dominate the Soybean Derivatives Market in 2024?
The soy oil segment dominated the soybean derivatives market in 2024. The soy oils, like soyabean refined oil, are rich in nutritional ingredients such as vitamin E, omega-6, fatty acids, omega-3 fatty acids, and phytosterols. Soyabean refined oil obtained high popularity among global consumers due to its proven benefits for heart health. The soy oils offer versatility in cooking, a neutral flavor, and are good for digestive health and gut health.
The Soybean Segment is Expected to Grow at the Fastest CAGR in the Soybean Derivatives Market During the Predicted Timeframe.
Soybeans are highly popular among vegetarians and people prefer vegan diets. They offer several nutritional benefits, such as high fiber, high protein, low saturated fat, cholesterol-free, lactose-free, etc. Soybeans are a good source of omega-3, fatty acids, antioxidants, and phytoestrogens.
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