Soy Flour Market Segmented By type such as Natural or full fat, Low fat, Defatted or Fat-free used in application such as Bakery and Confectionery, Baby Food Products, Meat Substitute Products, Ready-to-Eat Products, Functional Food, Dairy alternatives
Industry: Food and Beverages
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Report Type: Ongoing
Report ID: PMRREP32304
Soy Flour is obtained by grinding roasted soya chunks. Soy flour is highly contained with proteins and is widely used in the food industry for preparing different kinds of products like bakery, confectionery, and pet food. Soy flour is known to be rich in protein content with potassium and minerals for supporting the overall health of the consumers.
Soy flour products are also associated with properties that support healthy heart functioning and reduce the risk of heart disease. Soy flour when consumed on daily basis reduced fat and helps control cholesterol. Thus, with the increasing number of health-conscious consumers, the demand for soy flour is expected to witness a positive growth impact during the forecasted period.
The vegan diet movement has been led by the consumers owing to the benefits of consuming plant-based products along with preserving animals. With the awareness created by the animal rights organizations as well as animal lovers change has been witnessed in the customer buying behavior which supports animal protection.
Soy flour is vegan and considered to be healthier with reduced risk of cancer, reduced risk of diabetes thus encouraging an increased number of vegan consumers to opt for it.
Soy counts amongst one of the most common food allergen products inducing allergies in adults and children. The prevalence of soy allergy among general population is 0.3%. Soy ingested by the allergens may cause respiratory distress, gastrointestinal discomfort, skin reaction, and others.
The allergy is treated with vigilant avoidance of food products that has soy ingredients in any form. Thus, with the increasing number of consumers being allergic to soy, the sales for soy flour is expected to hinder and affect the market growth.
Customer preferences have been influenced by the growing rate of consumers being affected by various diseases like celiac, infertility, neurological disorder due to the consumption of gluten. With celiac disease becoming more prevalent the consumption of gluten-free food items is rising and this very reason can prove to increase the market for soy flour.
Claimed benefits like improving health, increased energy, and weight loss coupled with consumers being allergic to gluten-rich products like wheat and other grains are increasing, thus driving market for gluten-free product like soy flour.
The bakery industry is witnessing increased demand attributable to changing inclination among buyers toward cutting edge prepared food items. Interest for the bakery products is additionally increasing exponentially around the world, as they are accessible, instant, and heavenly delicious food item.
The urbanization and popularity for decadent food items are the key components driving the development of the bakery industry. Increasing working populace and rising disposable income have prompted increased consumption of prepared and ready-to-eat food items, for example, cakes, pies and baked goods.
The nutritional value in soy flour including trans-fat free, gluten-free, and whole-grain products is increasing its acceptance in processed baked items.
Soy flour is also associated with properties like adding moisture content and amplifying the protein content of food products. Increased demand for cakes, donuts, pies, and bread is expected to expand the application of soy flour in the bakery industry during the forecast period.
Based on type, the global Soy Flour market has been segmented as
Based on application, the global Soy Flour market has been segmented as
Based on the distribution channel, the global Soy Flour market has been segmented as
Based on the region, the global Soy Flour market has been segmented as
The key players operating in the global soy flour market are Archer Daniels Midland, Cargill, Incorporated, Vippy Industries ltd, CHS Inc, Devansoy Inc, Foodchem International Corporation, Unitechem Co. Ltd, Gushen Groups, Jai Ambay Products, Linyi Shanshong Biological products Co ltd, Ambika Refinery, Now Foods, Burcon Nutrascience Corporation, Farbest brands, AVI Agri Business Pvt Ltd, Dupont De Nemours, Inc., Sonic Biochem, The Nisshin Oillio Group, and others.
With the increased awareness for health beneficial products, the demand for soy flour is expected to witness increased demand globally. Branding with quality packaging and expansion in the distribution channel is expected to create an opportunity for manufacturers to penetrate the product deep in the market.
Manufacturers operating in the soy flour landscape are investing in research and development to innovate new products made from soy flour. An increased number of food manufacturers incorporating soy flour in making a variety of products is expected to create opportunity for new players to enter this market and gain market share.
The key players operating in the soy flour market landscape are focused towards increasing their market share in the global market. With increasing demand for protein alternatives, key players are placing strategic bets by seeking investments for increasing production capacity.
U.S.A. is the biggest contributor that is pushing the growth of the soy flour market as the country has witnessed increased demand for products suitable for vegan diet. The country stands as one of the largest producers of soy which has attracted increased number of soy flour manufacturers to locate their production units in the country. Increased awareness among consumers regarding health benefits of soy has propelled manufacturers to include soy flour in their offerings.
Japan stands amongst one of the largest consumer for soy. Soy and Soy-based products are popular as traditional food for Japanese consumers hence increased number of soy flour manufacturers are expected to target this region for increased revenue. Thus, manufacturer efforts in increasing market share coupled with customer demand for high protein diet in Japan marks positive growth opportunity for the country during the forecast period.
The spread of COVID-19 has affected many markets globally. Many industries have experienced a sharp decline in growth rate. However, the market for soy flour is predicted to experience minimal impact.
The need for functional food is likely to expand with the consumers demand for immunity and healthy health-supporting food products. Steady demand from the application industry and increased need for a healthy lifestyle and healthy food among the consumers is expected to have low impact of COVID-19 on the growth of the soy flour market.
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