It isn't one or the other, it's both: soya oil and meal (what's left after pressing the oil out) are so-called "co-products" - you get about 20% oil, and 80% meal. The meal goes almost exclusively into animal feed, the oil then goes into various other products, including animal feed and food industry, where it is used in mostly non-vegan products (because vegan products only constitute a small proportion of industrially produced food products).
Your 80% figure pressed for oil includes soya meal used for animal feed.