Soy food products in the U.S. - statistics & facts

Production of soybeans in the United States

Soybeans belong to the oilseed crops category and are among the major agricultural crops sowed in the U.S. The leading soybean producing state in the U.S. is Illinois, with over 672 million bushels produced yearly. The state of Illinois is followed by the states of Iowa and Minnesota, respectively. The growing popularity and thus demand for soy food products is met by growing production volumes. During the last decade, the production of soybeans has increased continuously in the U.S. The U.S. is the second-largest producer of soybeans worldwide, after Brazil. Due to such high production values, the U.S. is also among the second largest exporters of soybeans worldwide. Only Brazil exports more soybeans. Nearly 56 million metric tons of soybeans are exported from the U.S. yearly, while Brazil exports almost 91 million metric tons.

The U.S. market for soy food products

The U.S. soybean oil consumption has steadily increased during the last two decades. The consumption grew from nearly 7.4 million metric tons in 2000 to approximately 11.4 million metric tons in 2021. This is the second-largest soybean oil consumption worldwide. Consumption in the U.S. only falls behind China’s annual soybean oil consumption of about 18.5 million metric tons. Soy food products are particularly popular as milk alternatives. Milk alternatives have the highest sales value in the plant-based foods market in the U.S. The leading company in terms of retail sales of soy-based milk alternatives in the U.S. is Groupe Danone, with nearly 157 million U.S. dollars.

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