Global Soy Flour Market, By Product (Full-Fat, Defatted), Application (Bakery & Confectionery, Meat Substitute), Type (Natural or Full Fat, Low Fat and Defeated), Sales Channel (Online Stores, Convenience Stores, Departmental Stores, Modern Trade, Direct Sales, and Others) – Industry Trends and Forecast to 2029.
Soy Flour Market Analysis and Size
Soy flour increases the appetite-controlling substance, improves insulin sensitivity, and lowers bad cholesterol levels. Furthermore, soy flour contains beta-glucan and fibre, which help prevent cardiovascular disease, constipation, and bowel movement regulation.
Data Bridge Market Research analyses that the soy flour market was valued at USD 3109.79 million in 2021 and is expected to reach the value of USD 4772.55 million by 2029, at a CAGR of 5.50% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Soy Flour Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Full-Fat, Defatted), Application (Bakery & Confectionery, Meat Substitute), Type (Natural or Full Fat, Low Fat And Defeated), Sales Channel (Online Stores, Convenience Stores, Departmental Stores, Modern Trade, Direct Sales, and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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ADM (U.S.), Sysco Corporation (U.S.), Conagra Foodservice, Inc. (U.S.), Royal Ridge Fruits (U.S.), Capricorn Food Products India Ltd. (India), ALFA LAVAL (Sweden), Tricom Fruit Products Limited (India), Capuzzo S.r.l. (Italy), Freudenberg Group (Germany), Saraf Foods Ltd (India0, Mysore Fruits (India), Rhodes Food Group (South Africa), Del Monte (U.S.), MANDAR FOOD PRODUCTS (India), AOHATA CORPORATION. (Japan), Reid Produce Co. (New Zealand), Speyfruit Ltd. (U.K.), PACIFIC COAST FRUIT COMPANY (U.S.), Washington Fruit & Produce Co (U.S.)
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Opportunities
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Market Definition
Soy flour is a high-protein source that is widely used in the food industry as an additive in bakery products, baby foods, confectionaries, cereals, and pet food. It is made by grinding soybeans and helps to improve the taste and texture of food. It is sold in bulk and packaged form in health food stores, supermarkets/hypermarkets, and food cooperatives, among other places.
Global Soy Flour Market Dynamics
Drivers
- Adoption of healthy foods due to rising chronic diseases
The increased use of soy flour as an active ingredient in bakery and confectionary as a wheat flour substitute, dietary supplement, dairy manufacturers for creamy textures in ice creams, changes in consumer lifestyle, and rapid urbanisation have all contributed to an increase in demand for soy flour. Changes in consumer dietary habits and a shift toward healthier foods to prevent cardiovascular disease and control blood sugar levels are also factors driving the global soy flour market.
- Growing need for organic substitutes in the food and beverage industry
Soy flour has been shown to be a good dairy substitute, particularly when making ice cream. This is due to its creamy texture when heated, as well as the fact that soy flour is high in carbohydrates, fats, and protein. These are the nutrients found in milk or milk products. As the production of such products increases, so does the demand for organic soy flour. Soy flour is also used in dairy products to give them a creamier texture.
Opportunity
Food and beverage manufacturers are considering the health benefits of organic soy flour and adding significant constituents to make products more delectable and nutritious. The use of organic soy flour in cosmetics is expected to increase demand for other products of a similar nature. Aside from that, the use of soy flour for disease prevention and health maintenance is expected to fuel a positive growth in terms of value during the forecast period. Baked goods typically use wheat flour; soy flour, along with wheat flour, has a new healthy and delicious baking use; as a result, soy flour demand is expected to rise.
Restraints
However, the high price of soy in comparison to traditional soy may limit demand for the global organic soy flour market. Consumption of soy in large quantities causes gastric problems and stomach bloating, which are expected to impede global market growth.
This soy flour market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the soy flour market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Soy Flour Market
COVID-19 Pandemic is a worldwide pandemic that has affected many countries. It has wreaked havoc on the business and marketing fields. During the pandemic, demand for soy flour increased as consumers sought food staples with a longer shelf life and that were healthy to consume. Manufacturers are having production issues due to a lack of raw materials and labour. Following the pandemic, the market demand for soy flour will increase as consumers seek healthy food products that boost anti-oxidants in the body.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- Above Food Corp. will acquire Sonic Milling Systems, Ltd., a well-known food technology company focused on developing processing methods for plant-based ingredients and products. Sonic Milling's hydrodynamic-cavitation technology uses pressure and water to create microscopic air bubbles that can break apart a variety of ingredients such as fruits, vegetables, and pulses to create clean label liquids and sauces without the use of stabilisers. Above Food Corp. used the technology to create soy beverage, soy creamer, and soy concentrate for a variety of North American retailers and brands.
- MOMA, a British soy milk company, has announced the release of its latest chilled soy milk, which will be available in two varieties: semi and whole. Both products will be available at 220 Waitrose stores across the country, with additional retailers such as Ocado and Morrisons to follow. According to MOMA, the new soy milk products are barista-quality and can foam perfectly without splitting. Unlike other brands, these varieties are made in the United Kingdom and are not made from concentrate.
Global Soy Flour Market Scope
The soy flour market is segmented on the basis of product, application, type and sales channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Natural or Full Fat
- Low Fat
- Defeated
Sales channel
- Online Stores
- Convenience Stores
- Departmental Stores
- Modern Trade
- Direct Sales
- Others
Application
- Bakery & Confectionery
- Meat Substitute
Product
- Full fat
- Defeated
Organic Soy Flour Market Regional Analysis/Insights
The soy flour market is analysed and market size insights and trends are provided by country, of product, application, type and sales channel as referenced above.
The countries covered in the soy flour market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The North American soy flour market is the largest in the world, followed by Europe. Popularity for soy is increasing due to rising health consciousness and quality food consumption patterns in these regions' developed countries, contributing to the soy flour market's positive growth. The major soy shippers are the United States, China, Saudi Arabia, France, and India. Created trading channels and a preference for high-quality food are also propelling market growth in these countries.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Soy Flour Market Share Analysis
The soy flour market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to soy flour market.
Some of the major players operating in the soy flour market are:
- ADM (U.S.)
- Sysco Corporation (U.S.)
- Conagra Foodservice, Inc. (U.S.)
- Royal Ridge Fruits (U.S.)
- Capricorn Food Products India Ltd. (India)
- ALFA LAVAL (Sweden)
- Tricom Fruit Products Limited (India)
- Capuzzo S.r.l. (Italy)
- Freudenberg Group (Germany)
- Saraf Foods Ltd (India0
- Mysore Fruits (India)
- Rhodes Food Group (South Africa)
- Del Monte (U.S.)
- MANDAR FOOD PRODUCTS (India)
- AOHATA CORPORATION. (Japan)
- Reid Produce Co. (New Zealand)
- Speyfruit Ltd. (U.K.)
- PACIFIC COAST FRUIT COMPANY (U.S.)
- Washington Fruit & Produce Co (U.S.)
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