The global soybean meal production saw China leading with 91.46 million metric tons in 2023, followed by the United States at 48.97 million metric tons. Brazil and Argentina produced 37.45 and 35.8 million metric tons respectively. The forecast from 2024 to 2030 predicts steady growth driven by rising demand and advancements in agricultural practices across these countries. India, with its 9.04 million metric tons, remains significant amid growing domestic consumption.
Key future trends to watch include:
- Increasing demand for animal feed as protein consumption rises globally.
- Technological advancements improving yield efficiency.
- Fluctuations in trade policies impacting export markets, particularly for leading producers like the US, Brazil, and Argentina.
- Growing sustainability concerns influencing production practices and supply chain dynamics.
Top countries in Soybean Meal Production, Forecast 2021-2030 by Country
| # | 10 Countries | Thousand Metric Tons | Last Year | |
|---|---|---|---|---|
| 1 | 1 China | 91,460 | 2030 | View data |
| 2 | 2 United States | 48,970 | 2030 | View data |
| 3 | 3 Brazil | 37,450 | 2030 | View data |
| 4 | 4 Argentina | 35,800 | 2030 | View data |
| 5 | 5 India | 9,040 | 2030 | View data |
| 6 | 6 Mexico | 5,580 | 2030 | View data |
| 7 | 7 Russia | 4,040 | 2030 | View data |
| 8 | 8 Egypt | 3,660 | 2030 | View data |
| 9 | 9 Pakistan | 2,380 | 2030 | View data |
| 10 | 10 Thailand | 2,320 | 2030 | View data |
