The global soybean meal production landscape is led by China, the United States, and Brazil, accounting for significant portions of output. In 2023, China produced 77.62 million metric tons, reflecting a 2.89% year-on-year increase. The U.S. and Brazil followed with productions of 49.13 and 43.21 million metric tons, showcasing 2.1% and 5.56% growth, respectively. Argentina faced a decline of 3.1%, while most other countries saw varied trends, like Algeria's significant 103.62% boost and modest gains or declines in others.
Future trends to watch include:
- Potential shifts in production due to climate change and sustainable farming practices.
- Trade policies and economic partnerships, especially among top producers like the U.S. and Brazil.
- Technological advancements in farming techniques that might influence output efficiency.
- Market demands and dietary shifts worldwide affecting consumption patterns.
Top countries in Soybean Meal Production by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 77,620 | 2023 | +3.16% | +2.89% | View data |
| 2 | 2 United States | 49,130 | 2023 | +3.16% | +2.1% | View data |
| 3 | 3 Brazil | 43,210 | 2023 | +5.2% | +5.56% | View data |
| 4 | 4 Argentina | 26,910 | 2023 | +13.79% | -3.1% | View data |
| 5 | 5 India | 7,600 | 2023 | -7.77% | -0.21% | View data |
| 6 | 6 Mexico | 5,140 | 2023 | -2.26% | +1.11% | View data |
| 7 | 7 Russia | 4,610 | 2023 | +8.34% | +4.7% | View data |
| 8 | 8 Paraguay | 2,660 | 2023 | +14.75% | -1.64% | View data |
| 9 | 9 Iran | 2,260 | 2023 | -3.34% | +5.69% | View data |
| 10 | 10 Egypt | 2,210 | 2023 | +25.9% | -4.38% | View data |
