In 2023, China led global soybean consumption at 32.97 thousand metric tons, followed by the United States (16.13), Argentina (13.19), and Brazil (12.53). These four countries collectively represent the majority of global consumption. From 2021 to 2023, global soybean consumption posted modest increases with China and the United States driving significant growth, while other countries displayed stable consumption patterns.
Future trends suggest a sustained increase in global soybean consumption, driven by rising demand in emerging markets like India and Vietnam. Growing global population and dietary shifts towards plant-based proteins will further boost consumption, with technological advances promoting more efficient uses of soybean resources.
Top countries in Soybean Consumption, Forecast 2021-2030 Share by Country (Thousand Metric Tons)
| # | 10 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 China | 32.97 | 2030 | View data |
| 2 | 2 United States | 16.13 | 2030 | View data |
| 3 | 3 Argentina | 13.19 | 2030 | View data |
| 4 | 4 Brazil | 12.53 | 2030 | View data |
| 5 | 5 India | 3.11 | 2030 | View data |
| 6 | 6 Mexico | 1.74 | 2030 | View data |
| 7 | 7 Russia | 1.44 | 2030 | View data |
| 8 | 8 Egypt | 1.14 | 2030 | View data |
| 9 | 9 Thailand | 1.04 | 2030 | View data |
| 10 | 10 Japan | 0.91 | 2030 | View data |
