This study identifies the opportunities and constraints of the development of Malawi's soybean value chain. The results show that a significant supply gap exists for soybeans in Malawi with current production only meeting less than half of total demand. The industry's future expansion will be supported by existing improvements in yields and utilisation of the existing excess capacity to process soya into value-added products that attract better margins in domestic and export markets. The study demonstrates that that if implemented, the proposed reforms can improve the competitiveness of the soybean industry, resulting in economic growth, employment creation, and poverty reduction.