Soy Flour Market – Growth, Trends and Forecast (2023-2029)

Soy Flour Market was valued at US$ 3.30 Bn. in 2022. The Global Soy Flour Market size is estimated to grow at a CAGR of 4.9 % over the forecast period.
Soy Flour Market Overview:
The report explores the Soy Flour market's segments (Type, Interferometer Type, Application, End-User, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2021. The report investigates the Soy Flour market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Soy Flour market's contemporary competitive scenario.To know about the Research Methodology:-Request Free Sample Report
Soy Flour Market Dynamics:
Soy-derived flour is forecasted that it is rise due to the increasing popularity of the vegan diet and its numerous nutritional benefits, including its high dietary fiber and bioactive components, including isoflavones. In addition, it is a gluten-free ingredient, acting as an essential part of a vegan diet. Further, soy-based flour is known to reduce cardiovascular disease risks. Soy protein is beneficial to health and reduces the risks of heart disease associated with it, according to the Food and Drug Administration. A soy flour market is also driven by the increase in awareness and disposable income also it is used as bakery products and in soups as a thickener. Soy contains protein which helps to make bones strong and it boosts the bone mineral density, which reduces the risk of bone disease osteoporosis.

Many negative effects may restrain the market growth such as tiredness and constipation. It can lower the iodine level in the body and decreases the thyroid-stimulating hormone. It also affects pregnant women from the presence of isoflavones, a class of phytoestrogen. A growing fetus is sensitive to changes in hormone levels. These isoflavones can negatively impact the fetus and cause reproduction problems. The increase in alternative products is also may hinder the market growth. Many consumers are allergic to soy products which can decrease the sales of soy products and may hamper the market.

Soy flour’s demand is forecasted to increase in response to the increased awareness of health-beneficial products. Using quality packaging and expanding the distribution channel will give manufacturers a chance to penetrate the market deeply. To innovate new soy flour-based products, manufacturers working in the industry are investing in research and development. Food manufacturers are more likely to incorporate soy flour into their products, creating opportunities for new players to enter and gain market share in this market.

Impact of COVID-19:

COVID-19 has impacted the international market and economy, but the demand for healthy food products is increased and it restricts the supply chain due to lockdown in many countries. Many companies are trying to take initiatives to fulfill the necessities of the consumer. They make their distribution channel strong and they make online retailing strong. It affects the production area also due to restrictions in export-import and logistic networks.

Soy Flour Market Trends:

Currently, the companies are attempting to increase their market share and audience by diversifying the products made from soya beans which can be healthy also. Therefore, it is crucial to manufacturing more vegan products that are high in protein and low cholesterol from soy flour, which provides the natural flavor of soy milk, and vegetable protein which is popular among consumers. Baked products like cakes are also in trend which will drive the growth of the soy-flour market. As a result of its nutritional quality and its use as ingredients in processed baked foods, the soy-flour industry is growing rapidly due to consumer demand for gluten-free and Trans fat-free food products.
Soy Flour Market Segment Analysis:
Based on Type, the Soy Flour Market is segmented into Full-Fat Soy Flour and Defatted Soy Flour.

Defatted Soy Flour segment has the highest growth rate and it will boost the market growth in the forecasted years. Defatted Soy Flour has high percentages of protein and calcium. All the oils are removing while processing in defatted soy flour. It is light brown. Various new technologies are invented to remove oil from soy seeds which ensures the development in the production of soy flour.

Based on Application, the Soy Flour Market is segmented into Bakery & Confectionery, Meat Substitute, Soup & Sausages, Meat and Poultry, and Others.

Bakery & Confectionery has the largest market share in 2021 and it will boost the market growth in the forecasted period. In bakery products, flour plays not only a corrective role, but plays a beneficial role in bread dough also in terms of health benefits. The Soy flour plays a primary role in boosting the protein content of the dough. Soy flour contains 50% of protein which is more than wheat flour bread. Soy flour bread has a nutty flavor. It increases browning on the crust by lowering bread gluten levels and reduces fermentation time
Regional Insights:
North America Dominated the market share accounting for 34.2% in 2021 and is expected to continue to do so through the forecast period. The United States is the region’s largest contributor to market growth. The rise in popularity of the vegan diet among consumers in the country is attributed with the market’s growth. Asia Pacific is the market’s fastest growing region. As one of the most popular traditional dishes in Asia Pacific. Japan is one of the largest consumers of soy-based flour. Major corporations are introducing new products in order to acquire a competitive advantage in the market and to meet changing customer eating tastes.

The objective of the report is to present a comprehensive analysis of the global Soy Flour Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Soy Flour Market dynamic, and structure by analyzing the market segments and projecting the Soy Flour Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Soy Flour Market make the report investor’s guide.
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Global Soy Flour Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 3.30 Bn.


Forecast Period 2023 to 2029 CAGR:
4.9%
Market Size in 2029:
US $ 4.62 Bn.


 Segments Covered:
by Type
Full-Fat Soy Flour
Defatted Soy Flour


by Application
Bakery & Confectionery
Meat Substitute
Soup & Sausages
Meat & Poultry
Others



by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Soy Flour Market, Key Players are:
1. Archer Daniels Midland Company
2. Devansoy Inc.,
3. Sakthi Soyas Limited
4. Foodchem International Corporations
5. Linyi Shanshong Biological Products Co. Ltd.
6. Bob’s Red Mill Natural Foods
7. Sinoglory Enterprise Group Co. Ltd.
8. Ruchi Soya Industries Ltd.
9. CHS Inc.
10.Scoular Food Indigredients Group
11.Sonic Biochem.

Frequently Asked Questions:

1. What is the study period of the market?
Ans. The Global Soy Flour Market is studied from 2022-2029.

2. What is the growth rate of Soy Flour Market?
Ans. The Global Soy Flour Market is growing at a CAGR of 4.9% over next 8 years.

3. Which region has largest share in The Global Soy Flour Market?
Ans. Asia Pacific holds the largest share.

4. What is the Global Soy Flour Market segment based on Type?
Ans. Based on Type, The Global Soy Flour Market is divided into Full-Fat Soy Flour and Defatted Soy Flour.

5. Who are the key players in the Global Soy Flour Market?
Ans. Archer Daniels Midland Company, Devansoy Inc.,, Sakthi Soyas Limited, Foodchem International Corporations, Linyi Shanshong Biological Products Co. Ltd., Bob’s Red Mill Natural Foods, Sinoglory Enterprise Group Co. Ltd., Ruchi Soya Industries Ltd., CHS Inc., Scoular Food Indigredients Group, and Sonic Biochem.