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Global Soybean Meal Market Trends 2024: Export Opportunities and Price Drivers Explained
2025-08-26
Penguin Group
Industry Research
This industry research explores soybean meal—a vital byproduct of soybean oil production—focusing on its nutritional profile, processing and storage techniques, and critical role in animal feed formulations. With data-driven insights into global supply-demand dynamics, the article highlights export opportunities for 2024 and key price influencers such as crop yields, trade policies, and protein demand. It also examines innovative downstream applications including functional feed ingredients and organic fertilizers, offering strategies to enhance value-added utilization. Supported by charts, expert commentary, and real-world case studies, this piece is tailored for decision-makers in agribusiness, feed manufacturers, and bio-based product developers seeking actionable intelligence and sustainable growth.
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Global Soybean Meal Market Trends in 2024: Unlocking Export Opportunities and Price Drivers

As global demand for high-quality animal feed continues to rise—especially in Asia, Latin America, and the Middle East—soybean meal (SBM), a key co-product of soy oil extraction, is emerging as a strategic asset for processors looking to maximize margins and diversify revenue streams.

Why Soybean Meal Matters: Nutritional Value & Processing Excellence

With an average protein content of 44–48% (FAO data, 2023), soybean meal remains unmatched in livestock nutrition. Its digestible amino acid profile makes it ideal for poultry, swine, and aquaculture rations. However, maintaining quality during storage is critical—moisture levels above 12% can lead to mold growth, reducing feed efficiency by up to 15% (Journal of Animal Science, 2022).

Modern processing techniques like low-temperature drying and microbial enzyme treatments have improved shelf life while preserving nutritional integrity—an essential factor for international buyers concerned about consistency across long shipping routes.

Application Insights: Real-World Feed Formulation Examples

Livestock Type Typical SBM Inclusion Rate Key Benefit
Broiler Chickens 25–35% Optimal growth rate + cost-efficiency
Pigs (Grower-Finisher) 20–30% Improved feed conversion ratio
Aquaculture (Shrimp) 30–40% High lysine content supports muscle development

2024 Export Outlook: Supply Constraints & Demand Surge

The U.S., Brazil, and Argentina remain top exporters, but recent weather disruptions in South America—particularly droughts in Paraguay and Argentina—are tightening supply. According to USDA projections, global soybean meal exports could see a 7–9% increase in 2024, driven primarily by rising demand from China (+12% YoY) and Vietnam (+18%).

Price volatility will be influenced by three main factors:

  • Weather patterns in major producing regions (e.g., El Niño effects on Brazilian harvests)
  • Feed-to-food ratios shifting due to inflationary pressures in developing economies
  • Trade policy changes, especially tariffs on agricultural imports in Southeast Asia

Beyond Feed: Innovations in Soybean Meal Valorization

Forward-thinking producers are exploring new markets beyond traditional livestock feed:

  • Functional feed additives: Fermented SBM used in probiotic-enhanced feeds shows a 10% improvement in gut health metrics in pigs (University of Illinois, 2023).
  • Organic fertilizers: SBM-based compost boosts soil nitrogen retention by 22%, making it attractive to organic farmers in Europe and India.

These innovations not only extend product lifecycle but also position your brand as a sustainability leader—a growing priority among EU and Gulf-region buyers.

Soybean meal being loaded onto a container ship at a port in Brazil, with clear labeling indicating export quality standards.

Whether you're a processor seeking better margins or a feed mill optimizing formulations, understanding these dynamics gives you a competitive edge in 2024—and beyond.

Explore How We Help Processors Maximize Soybean Meal Value Today
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