The invention discloses soybean peptide and an industrial production method and application of soybean peptide. The method comprises the steps of dissolving soybean protein isolate in 50-55 DEG C water, mixing and adjusting a pH value of a solution to be 4.2-4.8, centrifugally removing supernatant liquid, obtaining acid slurry, decomposing the acid slurry, adding the 50-55 DEG C water to the acid slurry, adjusting the pH value to be 7.2-7.4 with alkali, keeping at 53-58 DEG C, adding alcalase and flavourzyme, conducting compound enzymatic hydrolysis reaction, adding neutrase, continuing to react, adjusting the pH value to be 4.2-4.5, heating to deactivate enzyme, centrifugally separating, obtaining supernatant liquid, adding powdered activated carbon to the supernatant liquid, mixing, filtering to remove solid components, sterilizing, condensing, conducting spray drying, and obtaining a soybean peptide powder matter. The content of peptide in soybean peptide is 70-80%, and an aqueous solution is approximately colorless and transparent even if the dissolution concentration is 10% of the mass-volume ratio.