Global Soya Flour Market - Forecast(2023 - 2028)

Report Code: FBR 23754 Report Format: PDF + Excel

Global Soya Flour Market Overview

The Global Soya Flour Market size is estimated to reach $1,350 million by 2027. Furthermore, it is poised to grow at a CAGR of 3.4% over the forecast period of 2022-2027. Soy flour is made with the help of grinding roasted soybeans in powder. It is a high-protein source that is frequently utilized in the food sector as an addition to bread items, confectionaries, cereals, baby foods, and pet food. Soy flour improves both the taste and texture of meals. Soy flour is sold in bulk and packaged form in supermarkets/hypermarkets, health food stores, food cooperatives, and other places. Soy flour is a healthy food since it contains protein, dietary fiber, isoflavones, vitamins, iron, and potassium. Soy flour is a gluten-free product or food that is preferred as a breakfast cereal by health-conscious consumers as well as fitness professionals. As a result, soy flour is in increased demand in the food and beverage business. It is also included in wheat flour when making baked goods as it helps to boost the protein level of some products. Soy flour contains omega 3 fatty acids that help to reduce the risk of both heart disease and cancer. It is also used to make candies, pies, doughnuts, cakes and rolls, pasta, pancake mixes, and frozen desserts. Soy flour is rich in soy isoflavones so, many manufacturers make isoflavones supplements from soy. Recently, the demand for soybean soars among consumers owing to its variety of health benefits that further increase the production of soybean. In 2020, about 361 million tons of soybean are produced worldwide.
The robust growth in applications of soy flour as food additives in products such as bakery, confectionery, Meat Substitutes, Soups & Sausages, Packaged Food, and Others coupled with increasing awareness regarding soy protein are some of the factors driving the Global Soya Flour Industry forward in the projected period of 2022-2027.

Global Soya Flour Market Report Coverage

The report: “Global Soya Flour Market Forecast (2022-2027)", by Industry ARC covers an in-depth analysis of the following segments of the Global Soya Flour Market.

By Type- Full Fat Soy Flour, and Defatted Soy Flour.   

By Application- Bakery, Confectionery, Meat Substitutes, Soups & Sausages, Packaged Food, and Others.

By Geography- North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, Chile, Argentina and Rest of South America), and Rest of the World (the Middle East, and Africa).

Key Takeaways

  • Geographically, North America held a dominant market share in the year 2021. It is owing to the increasing consumption of processed and ready-to-eat foods that soars the need for soy flour. Consumer awareness of the health advantages of soy has prompted manufacturers to add soy flour to their product lines. The United States of America is the largest contributor to the growth of the soy flour industry, as the country has seen a surge in demand for vegan-friendly products. In the U.S., the demand for packed foods is more so, the use of soy flour increasing.
  • Surging demand for processed food among consumers and the growing trends of a vegan diet are some of the factors driving the Global Soya Flour Market. However, the rising number of allergies owing to soy are some of the factors impeding the market growth.
  • A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Global Soya Flour Market Report.

    Global Soy Flour Market- Geography (%) for 2021.


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Global Soya Flour Market Segment Analysis- By Type

The global soya flour market based on type can be further segmented into Full Fat Soy Flour and Defatted Soy Flour. Defatted soy flour held a dominant market share in the year 2021. Defatted soy flour provides a higher percentage of protein and calcium. It is mostly used in bakery and confectionery products. Moreover, about 0.057 to 0.288 million tonnes of defatted soy flour are used in the bakery industry. Defatted Soy Flour is flour made from fat-free soybeans that have been treated to remove their oils. So, manufacturers use defatted soy flour owing to the rising number of health-conscious people as consumers mostly prefer oil-free products.
However, Full Fat Soy Flour is estimated to be the fastest-growing, with a CAGR of 4.5% over the forecast period of 2022-2027. Full Fat Soy Flour is used in gluten and gluten-free cooking as it helps to improve the flavor and texture of food. It is also used to reduce the amount of fat absorbed when used in fried foods. It has binding properties which increase its usage in processed foods. Recently, the consumption of processed food increased, and about 50% of the population adopted processed food in their day-to-day life which in turn enhanced the need for full-fat soy flour.

Global Soy Flour Market Segment Analysis- By Application

The global soy flour market based on the application can be further segmented into Bakery, Confectionery, Meat Substitutes, Soups & Sausages, Packaged Food, and Others. Bakery held a dominant market share in the year 2021. Nowadays, there is a huge consumption of bakery products owing to their high nutrient value and affordability properties. The bakery industry is one of the biggest sections of the processed food industry. Bakery products such as bread and biscuits form the major baked foods accounting for over 82% of the total bakery products produced in the world. In India, the bakery sector produces about 1.3 million tonnes of bakery products so, the need for soy flour is growing which in turn escalates the market growth.
However, Packaged Food is estimated to be the fastest-growing, with a CAGR of 5.5% over the forecast period of 2022-2027. Owing to the hectic lifestyle, people are shifting towards ready-to-eat and packed foods as it is easy to use and quickly made. The sales of packed food increased by 61% in 2020 owing to the rising availability of a variety of items. Manufacturers are also offering packed food owing to the rising demand for ready-to-go products as packed food provides a longer shelf life so, consumers get attracted to buy more processed food. Thus, a rising number of packed food further escalates the demand for soya flour.

Global Soya Flour Market Segment Analysis- By Geography

The global soya flour market based on Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America held a dominant market share of 50% in the year 2021 as compared to its other counterparts. The rising demand for soy flour is owing to an increase in the consumption of processed and ready-to-eat foods. Manufacturers have added soy flour to their product lines as a result of consumer awareness of soy's health benefits. Owing to a boom in demand for vegan-friendly products, the United States of America is the leading contributor to the expansion of the soy flour business. In the United States, there is a growing need for packaged meals, with soy flour being used more frequently. In the U.S., about 120.5 million tons of soybeans are produced in 2019. Furthermore, rising advancements in the food and beverage sector, as well as expanding veganism popularity among the population, are driving market expansion.

Global Soy Flour Market Drivers  

Growing Consumption of Processed Foods has readily aided the market growth.

The market is growing owing to the rising adoption of soy-derived flour in processed baked goods owing to its nutritional advantages, which include gluten-free, trans-fat-free, and whole-grain food products. Globally, the rising demand for processed goods such as cakes, pastries, pies, donuts, and bread is predicted to expand the scope of soy flour in the near future. Furthermore, big baked goods companies are introducing new products to meet rising consumer demand. Owing to the greater availability of a variety of foods, sales of packaged food climbed by 61% in 2020. Owing to the growing demand for ready-to-eat products, manufacturers are also supplying packed food. As packed food has a longer shelf life, consumers are more likely to buy more processed food. As a result, as the quantity of packaged foods grows, so does the need for soy flour.

Increasing Trend of Consuming Vegan Diet is Set to Drive the Market Growth.

The rising trend of consuming a vegan diet increases the need for soya flour owing to its nutritional value such as high dietary fiber and bioactive components including isoflavones. Furthermore, soy flour is gluten-free and can be used as a primary source of protein in a vegan diet. In 2021, about 79 million people consume a vegan diet. In order to increase the amount of protein, the use of soy flour increases in various products which further grows the consumption of soya flour among vegan people.

Global Soya Flour Market Challenges 

Rising allergies associated with soy are impeding market growth.

Soy is considered as one of the allergic foods that fall under the labeling requirements of the Food Allergen Labeling and Consumer Protection Act. As soybean is used in so many processed goods, it is one of the most challenging foods for allergic people to avoid. But owing to its allergic reaction among children the consumption of soy flour reduces and thus hampering the market growth. According to the Asthma and Allergy Foundation of America, about 32  million people in the U.S. are suffering from food allergies in 2019 and most of the food allergies are caused owing to excessive consumption of soy. 

Global Soya Flour Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Global Soya Flour in Market. The top 10- Global Soya Flour Market companies are-

  1. Cargill,
  2. Archer Daniels Midland Company,
  3. Patanjali,
  4. Devansoy,
  5. The Scoular Company,
  6. The Hain Celestial Group Inc.,
  7. General Mills Inc.,
  8. ConAgra Foods Inc.,
  9. The Caremoli Group,
  10. SunOpta Limited.

Recent Developments

  • In April 2021, Archer Daniels Midland Company has launched a new plant-based nutrition innovation lab. This new facility would be critical in addressing consumer demand for protein-based goods, which is on the rise.
  • In December 2020, Devansoy has introduced benesoy, which is produced using a proprietary technology that yields organic and natural soy ingredients like blander and whiter. It is also simpler to use for the customer. When compared to other soy products, this procedure provides the same level of quality.
  • In April 2019, Archer Daniels Midland continues to expand the current trend with high-quality plant-based protein sources, including soya, which aids in market development.

Relevant Titles

Soy Protein Market- Forecast (2022-2027)

Report Code- FBR 0056

Soybean Market- Forecast (2022-2027)

Report Code- AGR 0057

Soy Food Market - Forecast(2022 - 2027)

Report Code- FBR 0097
For more Food and Beverage Market reports, please click here

1. Global Soya Flour Market - Overview
    1.1 Definitions and Scope
2. Global Soya Flour Market - Executive Summary
3. Global Soya Flour Market - Landscape
    3.1 Company Benchmarking- Key Companies
    3.2 Market Share Analysis- Key Companies
    3.3 Financial Analysis - Key Companies
    3.4 Patent Analysis
    3.5 Pricing Analysis
4. Global Soya Flour Market- Startup companies Scenario Premium Premium
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Global Soya Flour Market- Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of successful ventures
6. Global Soya Flour Market - Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Customers
        6.3.3 Threat of New Entrants
        6.3.4 Rivalry Among Existing Players
        6.3.5 Threat of Substitutes
7. Global Soya Flour Market - Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. Global Soya Flour Market– By Type
    8.1 Full Fat Soy Flour
    8.2 Defatted Soy Flour
9. Global Soya Flour Market– By Application
    9.1 Bakery
    9.2 Confectionery
    9.3 Meat Substitutes
    9.4 Soups & Sausages
    9.5 Packaged Food
    9.6 Others
10. Global Soya Flour Market- By Geography
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 Germany
        10.2.2 United Kingdom (U.K)
        10.2.3 France
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Russia
        10.2.7 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 India
        10.3.4 South Korea
        10.3.5 Australia and New Zealand
        10.3.6 Rest of Asia-Pacific
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Chile
        10.4.4 Colombia
        10.4.5 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
        10.5.2 Africa
11. Global Soya Flour Market Entropy
12. Global Soya Flour Market- Industry / Segment Competition landscape Premium Premium
    12.1 Market Share Analysis
        12.1.1 Market Share by Country- Key companies
        12.1.2 Market Share by Region- Key companies
    12.2 Competition Matrix
    12.3 Best Practices for Companies
13. Global Soya Flour Market- Key Company List by Country Premium Premium
14. Global Soya Flour Market Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global Key Manufacturers Market 2019-2024 ($M)
1.1 Ingredion Market 2019-2024 ($M) - Global Industry Research
1.2 ADM Market 2019-2024 ($M) - Global Industry Research
1.3 The Scoular Company Market 2019-2024 ($M) - Global Industry Research
1.4 Sunopta Market 2019-2024 ($M) - Global Industry Research
1.5 Anchor Ingredients Market 2019-2024 ($M) - Global Industry Research
1.6 EHL Limited Market 2019-2024 ($M) - Global Industry Research
1.7 Diefenbaker Spice Pulse Market 2019-2024 ($M) - Global Industry Research
1.8 Blue Ribbon Market 2019-2024 ($M) - Global Industry Research
1.9 Great Western Grain Market 2019-2024 ($M) - Global Industry Research
1.10 Best Cooking Pulses Market 2019-2024 ($M) - Global Industry Research
1.11 Bean Growers Market 2019-2024 ($M) - Global Industry Research
2.Global Market by Type Market 2019-2024 ($M)
2.1 Pea Market 2019-2024 ($M) - Global Industry Research
2.2 Chickpea Market 2019-2024 ($M) - Global Industry Research
2.3 Bean Market 2019-2024 ($M) - Global Industry Research
2.4 Lentil Market 2019-2024 ($M) - Global Industry Research
3.Global Key Manufacturers Market 2019-2024 (Volume/Units)
3.1 Ingredion Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 ADM Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 The Scoular Company Market 2019-2024 (Volume/Units) - Global Industry Research
3.4 Sunopta Market 2019-2024 (Volume/Units) - Global Industry Research
3.5 Anchor Ingredients Market 2019-2024 (Volume/Units) - Global Industry Research
3.6 EHL Limited Market 2019-2024 (Volume/Units) - Global Industry Research
3.7 Diefenbaker Spice Pulse Market 2019-2024 (Volume/Units) - Global Industry Research
3.8 Blue Ribbon Market 2019-2024 (Volume/Units) - Global Industry Research
3.9 Great Western Grain Market 2019-2024 (Volume/Units) - Global Industry Research
3.10 Best Cooking Pulses Market 2019-2024 (Volume/Units) - Global Industry Research
3.11 Bean Growers Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Market by Type Market 2019-2024 (Volume/Units)
4.1 Pea Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Chickpea Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Bean Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Lentil Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Key Manufacturers Market 2019-2024 ($M)
5.1 Ingredion Market 2019-2024 ($M) - Regional Industry Research
5.2 ADM Market 2019-2024 ($M) - Regional Industry Research
5.3 The Scoular Company Market 2019-2024 ($M) - Regional Industry Research
5.4 Sunopta Market 2019-2024 ($M) - Regional Industry Research
5.5 Anchor Ingredients Market 2019-2024 ($M) - Regional Industry Research
5.6 EHL Limited Market 2019-2024 ($M) - Regional Industry Research
5.7 Diefenbaker Spice Pulse Market 2019-2024 ($M) - Regional Industry Research
5.8 Blue Ribbon Market 2019-2024 ($M) - Regional Industry Research
5.9 Great Western Grain Market 2019-2024 ($M) - Regional Industry Research
5.10 Best Cooking Pulses Market 2019-2024 ($M) - Regional Industry Research
5.11 Bean Growers Market 2019-2024 ($M) - Regional Industry Research
6.North America Market by Type Market 2019-2024 ($M)
6.1 Pea Market 2019-2024 ($M) - Regional Industry Research
6.2 Chickpea Market 2019-2024 ($M) - Regional Industry Research
6.3 Bean Market 2019-2024 ($M) - Regional Industry Research
6.4 Lentil Market 2019-2024 ($M) - Regional Industry Research
7.South America Key Manufacturers Market 2019-2024 ($M)
7.1 Ingredion Market 2019-2024 ($M) - Regional Industry Research
7.2 ADM Market 2019-2024 ($M) - Regional Industry Research
7.3 The Scoular Company Market 2019-2024 ($M) - Regional Industry Research
7.4 Sunopta Market 2019-2024 ($M) - Regional Industry Research
7.5 Anchor Ingredients Market 2019-2024 ($M) - Regional Industry Research
7.6 EHL Limited Market 2019-2024 ($M) - Regional Industry Research
7.7 Diefenbaker Spice Pulse Market 2019-2024 ($M) - Regional Industry Research
7.8 Blue Ribbon Market 2019-2024 ($M) - Regional Industry Research
7.9 Great Western Grain Market 2019-2024 ($M) - Regional Industry Research
7.10 Best Cooking Pulses Market 2019-2024 ($M) - Regional Industry Research
7.11 Bean Growers Market 2019-2024 ($M) - Regional Industry Research
8.South America Market by Type Market 2019-2024 ($M)
8.1 Pea Market 2019-2024 ($M) - Regional Industry Research
8.2 Chickpea Market 2019-2024 ($M) - Regional Industry Research
8.3 Bean Market 2019-2024 ($M) - Regional Industry Research
8.4 Lentil Market 2019-2024 ($M) - Regional Industry Research
9.Europe Key Manufacturers Market 2019-2024 ($M)
9.1 Ingredion Market 2019-2024 ($M) - Regional Industry Research
9.2 ADM Market 2019-2024 ($M) - Regional Industry Research
9.3 The Scoular Company Market 2019-2024 ($M) - Regional Industry Research
9.4 Sunopta Market 2019-2024 ($M) - Regional Industry Research
9.5 Anchor Ingredients Market 2019-2024 ($M) - Regional Industry Research
9.6 EHL Limited Market 2019-2024 ($M) - Regional Industry Research
9.7 Diefenbaker Spice Pulse Market 2019-2024 ($M) - Regional Industry Research
9.8 Blue Ribbon Market 2019-2024 ($M) - Regional Industry Research
9.9 Great Western Grain Market 2019-2024 ($M) - Regional Industry Research
9.10 Best Cooking Pulses Market 2019-2024 ($M) - Regional Industry Research
9.11 Bean Growers Market 2019-2024 ($M) - Regional Industry Research
10.Europe Market by Type Market 2019-2024 ($M)
10.1 Pea Market 2019-2024 ($M) - Regional Industry Research
10.2 Chickpea Market 2019-2024 ($M) - Regional Industry Research
10.3 Bean Market 2019-2024 ($M) - Regional Industry Research
10.4 Lentil Market 2019-2024 ($M) - Regional Industry Research
11.APAC Key Manufacturers Market 2019-2024 ($M)
11.1 Ingredion Market 2019-2024 ($M) - Regional Industry Research
11.2 ADM Market 2019-2024 ($M) - Regional Industry Research
11.3 The Scoular Company Market 2019-2024 ($M) - Regional Industry Research
11.4 Sunopta Market 2019-2024 ($M) - Regional Industry Research
11.5 Anchor Ingredients Market 2019-2024 ($M) - Regional Industry Research
11.6 EHL Limited Market 2019-2024 ($M) - Regional Industry Research
11.7 Diefenbaker Spice Pulse Market 2019-2024 ($M) - Regional Industry Research
11.8 Blue Ribbon Market 2019-2024 ($M) - Regional Industry Research
11.9 Great Western Grain Market 2019-2024 ($M) - Regional Industry Research
11.10 Best Cooking Pulses Market 2019-2024 ($M) - Regional Industry Research
11.11 Bean Growers Market 2019-2024 ($M) - Regional Industry Research
12.APAC Market by Type Market 2019-2024 ($M)
12.1 Pea Market 2019-2024 ($M) - Regional Industry Research
12.2 Chickpea Market 2019-2024 ($M) - Regional Industry Research
12.3 Bean Market 2019-2024 ($M) - Regional Industry Research
12.4 Lentil Market 2019-2024 ($M) - Regional Industry Research
13.MENA Key Manufacturers Market 2019-2024 ($M)
13.1 Ingredion Market 2019-2024 ($M) - Regional Industry Research
13.2 ADM Market 2019-2024 ($M) - Regional Industry Research
13.3 The Scoular Company Market 2019-2024 ($M) - Regional Industry Research
13.4 Sunopta Market 2019-2024 ($M) - Regional Industry Research
13.5 Anchor Ingredients Market 2019-2024 ($M) - Regional Industry Research
13.6 EHL Limited Market 2019-2024 ($M) - Regional Industry Research
13.7 Diefenbaker Spice Pulse Market 2019-2024 ($M) - Regional Industry Research
13.8 Blue Ribbon Market 2019-2024 ($M) - Regional Industry Research
13.9 Great Western Grain Market 2019-2024 ($M) - Regional Industry Research
13.10 Best Cooking Pulses Market 2019-2024 ($M) - Regional Industry Research
13.11 Bean Growers Market 2019-2024 ($M) - Regional Industry Research
14.MENA Market by Type Market 2019-2024 ($M)
14.1 Pea Market 2019-2024 ($M) - Regional Industry Research
14.2 Chickpea Market 2019-2024 ($M) - Regional Industry Research
14.3 Bean Market 2019-2024 ($M) - Regional Industry Research
14.4 Lentil Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Global Soya Flour Market Revenue, 2019-2024 ($M)
2.Canada Global Soya Flour Market Revenue, 2019-2024 ($M)
3.Mexico Global Soya Flour Market Revenue, 2019-2024 ($M)
4.Brazil Global Soya Flour Market Revenue, 2019-2024 ($M)
5.Argentina Global Soya Flour Market Revenue, 2019-2024 ($M)
6.Peru Global Soya Flour Market Revenue, 2019-2024 ($M)
7.Colombia Global Soya Flour Market Revenue, 2019-2024 ($M)
8.Chile Global Soya Flour Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Soya Flour Market Revenue, 2019-2024 ($M)
10.UK Global Soya Flour Market Revenue, 2019-2024 ($M)
11.Germany Global Soya Flour Market Revenue, 2019-2024 ($M)
12.France Global Soya Flour Market Revenue, 2019-2024 ($M)
13.Italy Global Soya Flour Market Revenue, 2019-2024 ($M)
14.Spain Global Soya Flour Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Soya Flour Market Revenue, 2019-2024 ($M)
16.China Global Soya Flour Market Revenue, 2019-2024 ($M)
17.India Global Soya Flour Market Revenue, 2019-2024 ($M)
18.Japan Global Soya Flour Market Revenue, 2019-2024 ($M)
19.South Korea Global Soya Flour Market Revenue, 2019-2024 ($M)
20.South Africa Global Soya Flour Market Revenue, 2019-2024 ($M)
21.North America Global Soya Flour By Application
22.South America Global Soya Flour By Application
23.Europe Global Soya Flour By Application
24.APAC Global Soya Flour By Application
25.MENA Global Soya Flour By Application