China is the world's largest producer and consumer of non-Genetically Modified Organism soybeans, and domestic soybeans are mainly used in the field of food processing, which is an important link in the soybean industry chain. Giving full play to the advantages of soybean food processing is the key to promoting the sustainable development of the domestic soybean industry, and it is also an important way to solve the oversupply of domestic soybeans under the background of expanding and increasing production. The study found that China's soybean food processing industry still has some shortcomings, such as insufficient supply of special soybean raw materials, the mismatch between processing demand and production supply, low level of initial processing and low added value, single structure of the deep processing, low level of market demand development, insufficient support for industrial development as well as high international market competition pressure. Therefore, it is suggested that we should adhere to the supply-side structural reform and demand-side management, give play to the leading role of new quality productivity, and take multiple measures from promoting the construction of the whole industrial chain, enhancing innovation guidance, and strengthening policy support, so as to stimulate the power of the processing end and promote the high-quality development of China's soybean food processing industry.