Global Soya Flour Market Overview
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.
Global Soya Flour Market Segment Analysis- By Type
Global Soy Flour Market Segment Analysis- By Application
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.
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-
- Cargill,
- Archer Daniels Midland Company,
- Patanjali,
- Devansoy,
- The Scoular Company,
- The Hain Celestial Group Inc.,
- General Mills Inc.,
- ConAgra Foods Inc.,
- The Caremoli Group,
- 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
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