Soya Flour Market
Soya Flour Market Size & Share Analysis Report, By Product Type (Pea, Chickpea, Bean, Lentil), By Application (Food & Beverages, Feed, Personal Care) & By Region - Global Market Insights 2022 to 2032
Analysis of Soya Flour Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Soya Flour Market Outlook (2022 to 2032)
Soya flour’s demand continues to accelerate by leaps and bounds with soya flour becoming highly predominant in food formulation on the back of its high nutritional value, low cost, and impressive functionality. Apart from being rich in protein content, soya flour contains soy isoflavones, B vitamins, omega-3 fatty acids, fiber calcium, and iron, giving manufacturers in the food industry the opportunity to serve rich-in-nutrition baked goods that are highly sought after by consumers today.
With availability in a full-fat form with all its natural oils, or in a ‘defatted’ form, wherein all the oils are removed during processing, soya flour is increasingly becoming a viable option for all kinds of consumers. ‘Defatted’ soy flour offers a slightly higher percentage of calcium and protein, while both forms of soy flour serve health benefits.
Burgeoning demand for soya flour can be further accredited to high-quality soy protein, dietary fiber, and vital bio-active components, like flavones, found in this versatile ingredient. Furthermore, soya flour is a gluten-free product that has been witnessing huge traction from health-conscious consumers and fitness trainers.
The market for soya flour globally accounts for USD 2845.62 Million in 2022. Moreover, this market is estimated to grow and reach up to USD 4697.39 Million by end of the forecast period which is by end of 2032. The growth rate of this market is anticipated to be a CAGR of 5.14% in the forecast duration i.e 2022 to 2032.
| Report Attributes | Details |
|---|---|
| Market size (2022 A) | USD 2845.62 Million |
| Base Year for Estimation | 2022 |
| Forecast duration for this research | 2022 to 2032 |
| Forecasted Market value (2032 F) | USD 4697.39 Million |
| Global Market Growth rate (2022 to 2032 E) | CAGR of 5.14% |
| Key Companies Profiled | Kerry Group, Blue Ribbon,; ADM,; The Scoular Company,; Sunopta,; Bean Growers Australia,; Cargill Incorporated,; Anchor Ingredients |
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Soya Flour Market- Market Dynamics
“Demand for Gluten-Free Products Underpinning Gains in Soya Flour Market”
The global market for soya flour has been proliferating at a boisterous pace owing to the paradigm shift in consumer preference for gluten-free products. As gluten-free products are healthy substitutes for many cholesterol-heavy products, and hence, patients with cardiovascular diseases are increasingly adopting the former.
Additionally, several manufacturers have been utilizing diverse forms of soya flour in a wide range of alternatives for meat, dairy, and baked goods, which is also likely to fuel growth in the soya flour market.
“Rising Demand from Food Industry Creating Opportunities”
As soya is a pivotal and vegan source of healthy oil and protein, soya flour is increasingly witnessing adoption in a wide range of food items, owing to its ability to improve nutritional value. This growing uptake of soya flour can be attributed to its unique and high-in-demand properties, such as enhanced water-absorption ability and high solubility.
Furthermore, owing to soya flour’s several health benefits, it has been recently recognized by food scientists and medical practitioners. This factor is further likely to pave way for the growth of the worldwide soya flour market in upcoming years.
Application Insights
Soy products such as flour are usually seen as meat replacements available in the market. The rising vegan populace’s demanding soya products is increasing in the last decade. The vegan food demand is the biggest dietary trend in the market where manufacturers are adopting many strategies to turn up their vegan food portfolio where soya flour is supposed to cater to aggregate demand.
The company Kellogg Co. in 2021 announced it has entered into meatless food products and intended to go vegan in upcoming products where baked goods will now have the application of soy-based flour in the forecast period. There is evident growth in the working population which marks a surge in demand for healthy food and gluten-free options. Soya flour tends to provide benefits in terms of low cholesterol and is effective in menopausal symptoms which is likely to boost the market growth in the forecast duration.
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Opportunities in the soya flour industry
As soya is a pivotal and vegan source of healthy oil and protein, soya flour is increasingly witnessing adoption in a wide range of food items, owing to its ability to improve nutritional value. This growing uptake of soya flour can be attributed to its unique and high-in-demand properties, such as enhanced water-absorption ability and high solubility.
Furthermore, owing to soya flour’s several health benefits, it has been recently recognized by food scientists and medical practitioners. This factor is further likely to pave way for the growth of the worldwide soya flour market in upcoming years.
“Modified Soya Flour Witnessing Colossal Traction”
Modified soya flour has been gaining ground as an impeccable binder in diverse food products and several industrial products. With beneficial properties, such as solubility and absorption abilities, modified soya flour significantly enhances the functional characteristics of the food items it is added to.
The accelerating demand for modified soya flour can be attributed to the highly beneficial characteristics of soya flour. In recent times, several other industrial uses of modified soya flour have come to the fore, which in turn is expected to bring more traction to modified soya flour, thereby fuelling growth in the soya flour market in the upcoming years.
Recent Developments
Some of the leading players operating in the soya flour market include Ingredion, Kerry Group, Blue Ribbon, ADM, The Scoular Company, Sunopta, Bean Growers Australia, Cargill Incorporated, Anchor Ingredients, EHL Limited, Diefenbaker Spice and Pulse, Great Western Grain, Best Cooking Pulses, and Batory Foods.
- Two of the leading players in the soya flour market, Cargill and Archer Daniels Midland Company have successfully completed their deal and formally introduced SoyVenTM their novel JV to offer soybean oil and meal for customers in Egypt.
- Another soya flour market leading player, SunOpta Inc., a company focused on non-genetically modified, organic, and specialty foods has strategically sold its specialty and organic soy and corn business to Pipeline Foods, LLC for $66.5MN.
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Regional Insights
The Soya flour market is dominated by the North American region owing to the largest share in 2021 which is almost one-fourth of the global soy flour market. The growth of the market is attributed to the rising importance and adoption of a vegan diet by people is a responsible factor for growth in market share. The revenue generated by leading countries such as US and Canada are expected to see a rise in revenue in the forecast period. The revenue is likely to exceed USD 930 Million in the forecast period.
Among the Asia Pacific region, Japan is likely to become the largest soya flour consumer in upcoming years as this country accounted for about 30% share of soya flour products in the region. The traditional food products in Japan are majorly made using soya flour which is anticipated to increase demand in the future period.
Soya Flour Market - Segmentation
-
By Product Type :
- Full fat soya flour
- Defatted soya flour
-
By Application :
- Food & Beverages
- Feed
- Personal Care
- Others
-
By Regional Analysis:
- North America
- U.S.
- Canada
- Latin America
- Mexico
- Brazil
- Argentina
- Chile
- Peru
- Western Europe
- Germany
- Italy
- France
- U.K
- Spain
- BENELUX
- Nordic
- Eastern Europe
- CIS and Russia
- Asia-Pacific
- China
- India
- ASEAN
- South Korea
- Japan
- Middle East and Africa
- GCC Countries
- South Africa
- Turkey
- Iran
- Israel
- North America
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis and Forecast
- 6.1. Product Type
- 6.2. Application
- 7. Global Market Analysis and Forecast, By Product Type
- 7.1. Full fat soya flour
- 7.2. Defatted soya flour
- 8. Global Market Analysis and Forecast, By Application
- 8.1. Food & Beverages
- 8.2. Feed
- 8.3. Personal Care
- 8.4. Others
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Western Europe
- 9.4. Eastern Europe
- 9.5. Asia Pacific
- 9.6. East Asia
- 9.7. MEA
- 10. North America Sales Analysis and Forecast, by Key Segments and Countries
- 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries
- 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
- 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
- 14. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries
- 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries
- 16. MEA Sales Analysis and Forecast, by Key Segments and Countries
- 17. Sales Forecast by Product Type and Application for 30 Countries
- 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 19. Company Profile
- 19.1. Ingredion
- 19.2. Kerry Group
- 19.3. Blue Ribbon
- 19.4. ADM
- 19.5. The Scoular Company
- 19.6. Sunopta
- 19.7. Bean Growers Australia
- 19.8. Cargill Incorporated
- 19.9. Anchor Ingredients
- 19.10. EHL Limited
- 19.11. Diefenbaker Spice and Pulse
- 19.12. Great Western Grain
- 19.13. Best Cooking Pulses
- 19.14. Batory Foods
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List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Product Type
Table 3: Global Market US$ Mn Forecast by Application
Table 4: North America Market US$ Mn Forecast by Country
Table 5: North America Market US$ Mn Forecast by Product Type
Table 6: North America Market US$ Mn Forecast by Application
Table 7: Latin America Market US$ Mn Forecast by Country
Table 8: Latin America Market US$ Mn Forecast by Product Type
Table 9: Latin America Market US$ Mn Forecast by Application
Table 10: Western Europe Market US$ Mn Forecast by Country
Table 11: Western Europe Market US$ Mn Forecast by Product Type
Table 12: Western Europe Market US$ Mn Forecast by Application
Table 13: Eastern Europe Market US$ Mn Forecast by Country
Table 14: Eastern Europe Market US$ Mn Forecast by Product Type
Table 15: Eastern Europe Market US$ Mn Forecast by Application
Table 16: Asia Pacific Market US$ Mn Forecast by Country
Table 17: Asia Pacific Market US$ Mn Forecast by Product Type
Table 18: Asia Pacific Market US$ Mn Forecast by Application
Table 19: East Asia Market US$ Mn Forecast by Country
Table 20: East Asia Market US$ Mn Forecast by Product Type
Table 21: East Asia Market US$ Mn Forecast by Application
Table 22: MEA Market US$ Mn Forecast by Country
Table 23: MEA Market US$ Mn Forecast by Product Type
Table 24: MEA Market US$ Mn Forecast by Application
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List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 4: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 5: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 7: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 8: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 9: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 10: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 11: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 12: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 13: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 14: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 15: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 17: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 18: Asia Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 19: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 20: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 21: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 22: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Product Type
Figure 23: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application
Figure 24: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the anticipated growth rate for Soya Flour Market by 2032?
The growth rate of the Soya Flour is anticipated to be at a CAGR of 5.14% during the forecast period 2022 to 2032.
What is the forecasted market share for the Soya Flour Market?
This market is estimated to grow and reach up to USD 4697.39 Million by end of the forecast period which is by end of 2032.
Which region dominated in Soya Flour Market?
North America dominates Soya Flour Market in 2022.
What is the size of the Soya flour market in 2022?
The market for soya flour globally accounts for USD 2845.62 Million in 2022.
Soya Flour Market