Global Soy Flour Market Size By Type(Full-fat Soy Flour, Defatted Soy Flour), By Application(Bakery & Confectionery, Meat Substitute, Soup & Sausages, Meat and Poultry, Others), By Geographic Scope And Forecast

Soy Flour Market Size And Forecast

Soy Flour Market size was valued at USD 2.99 Billion in 2024 and is projected to reach USD 4.46 Billion by 2031, growing at a CAGR of 5.14% from 2024 to 2031

A surge in awareness and an increase in disposable income drive the growth of the global soy flour market. The Global Soy Flour Market report provides a holistic evaluation of the market. The report offers comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Soy Flour Market Definition

Soy flour is produced by grinding roasted soybeans into a powder. It is a type of flour which is considered as a portion of healthy food and is used in many food products. With growing awareness about health, there is a distinct shift towards soy products including its flour. Its use as a supplement to wheat flour is rising substantially in many households. While being rich in high-quality protein and other beneficial nutrients, this flour also adds a pleasant texture and taste to foods. There are primarily two sorts of soy flour availableNatural or full-fat soy flour, which contains the natural oils that are found in the soybean, and defatted soy flour, which has the oils extracted during processing. Both sorts of flour deliver a high protein gain to recipes; however, defatted flour is even more concentrated in protein than full-fat soy flour.

Soy flour is nowadays typically available in all grocery stores. Soybean has an anti-nutritional factor that drives poor digestibility of protein. It is; therefore, better to purchase readymade flour as it has all anti-nutritional factors removed.  In addition, Soy flour is rich in vitamins, minerals, isoflavones, and lecithin, nutrients (that have been proven to help lower cholesterol, prevent cancer and loss of bone mass). It is strongly advised for diabetics, expectant mothers, growing children, cardiac patients, weight-watchers, and the aged. It is a 100% vegetarian high-quality protein source that does wonders for the young and old. It is particularly great for children, as it delivers critical vitamins, minerals, fiber, and protein.

Global Soy Flour Market Overview

A surge in awareness and an increase in disposable income drive the growth of the global soy flour market. The demand for soy flour has also increased due to an increase in vegan products and gluten food. A surge in bakery products and soups contributes toward the growth of the global soy flour as it used in many products as a thickener and has high nutrients. However, the rise in substitute products can hamper the growth of the global soy flour. Contrarily, Investment in the packaging and increase in the distribution can create an opportunity for the growth of soy flour.

Increasing acceptance of soy-derived flour in processed baked items owing to its nutritional qualities including gluten-free, trans-fat free, and whole-grain food products are fueling the market growth. Increasing demand for processed foods including cakes, pastries, pies, donuts, and bread at a global level is expected to expand the scope of soy flour soon. Moreover, major baked goods manufacturers are launching new products to cater to the growing consumer demand. Britannia Industries Ltd. launched ‘Vita Rich Slice’ bread made up of refined soy and wheat flour. These gluten-free products are a healthy substitute for various high cholesterol products and hence, they are beneficial for cardiovascular disease patients.

The increasing popularity of the vegan diet is expected to propel the demand for soy-derived flour owing to its nutritional value such as high dietary fiber and bioactive components including isoflavones. Moreover, flour derived from soy has gluten-free property and it acts as a prime source of protein in a vegan diet. Also, flour derived from soy is beneficial in reducing the risk of cardiovascular disease.

Food and Drug Administration approved that the usage of soy protein is beneficial for the health as well as it helps to reduce the risk of associated heart disease. Moreover, the FDA authorized the product nutrition labels stating soy protein consumption reduces the risk of coronary heart disease. The FDA established that introduction of soy protein in a regular diet reduces the saturated fat and cholesterol level in the human body, thereby reducing the risk of cardiovascular diseases. These initiatives ensure significant growth of the market in the foreseeable future.

Global Soy Flour Market Segmentation Analysis

The Global Soy Flour Market is segmented based on Type, Application, and Geography.

Soy Flour Market, By Type

• Full-fat Soy Flour
• Defatted Soy Flour

To Get Summarized Market Report By Type-

Based on Type, the market is bifurcated into Full-fat Soy Flour and Defatted Soy Flour. Defatted Soy Flour accounted for the largest market share in 2020, and is projected to grow at the highest CAGR of 5.45% during the forecast period. Defatted Soy Flour is flour formulated from fat-free soybeans that have undergone a treatment to remove oils from them. It is obtained from solvent extracted flakes that contain less than 1% oil. Also, light cream is found in color and highly dispersible in water. It delivers a slightly higher percentage of protein and calcium than regular soy flour. To produce low-fat or defatted flour, a mechanical extractor is utilized that removes around 75% of the oil present in the seeds. Different innovative technologies are developed to extract oil from soy seeds such as using high-pressure carbon dioxide as an extraction medium. These innovative technologies guarantee the growth in the production of flour owing to the rising demand for soy-derived flour in the food industry.

Soy Flour Market, By Application

• Bakery & Confectionery
• Meat Substitute
• Soup & Sausages
• Meat and Poultry
• Others

To Get Summarized Market Report By Application-

On the basis of Application, the Global Soy Flour Market has been segmented into Bakery & Confectionery, Meat Substitute, Soup & Sausages, Meat and Poultry, and Others. Bakery & Confectionery accounted for the largest market share in 2020, and is projected to grow at a CAGR of 5.49% during the forecast period. Utilizing soy flour is valued not only as a corrective of bakery products but also has a favorable effect on health. The primary function of using soy flour in bread dough is to boost its protein content. Soy flour is around 50% protein, which is a lot more than the wheat flour used to produce bread. The protein content of bread flour ranges from 9-14%. The inclusion of soy flour improves the machinability of the dough, the texture of the bread and adds a little nutty flavor. Other benefits areProvides emulsification to the dough, lowers costs through increased water absorption, improves shelf-life, provides strength whilst lowering the gluten content of the bread, increases browning on the crust, lowers fat absorption, produces further rising through foaming, increases swelling of the bread, adds oxygen to the dough, improves dough handling, sheeting quality and lowers fermentation time.

Soy Flour Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of regional analysis, the Global Soy Flour Market is classified into North America, Europe, Asia Pacific and Rest of the world. Asia-Pacific accounted for the largest market share in 2020, and is projected to grow at a CAGR of 4.62% during the forecast period. The rising number of chronic disease cases has attracted researchers’ interest in production of food products with a biologically balanced value. The research focuses on determining the ideal amount of harmonization with the flour produced and increasing the nutritional value of bread made using soybean flour mixture. Interactions between starch and gluten, as well as other elements, determine whether or not a bread is suitable and appropriate.

Key Players

The “Global Soy Flour Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Archer Daniels Midland Company, Devansoy Inc., Sakthi Soyas Limited, Foodchem International Corporations, Linyi Shanshong Biological Products Co. Ltd., Bob’s Red Mill Natural Foods, Sinoglory Enterprise Group Co. Ltd., Ruchi Soya Industries Ltd., CHS Inc., Scoular Food Indigredients Group, Sonic Biochem.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Partnerships, Collaborations, and Agreements

• In February 2018, Cargill and Archer Daniels Midland Company have entered into an agreement to launch a joint venture named ‘Soyven’ in order to satisfy the increase in consumer demand for soy products in Egypt. The agreement has led to the opening of a new soy crushing facility that has a 6000 tons per day crushing capacity.

• In October 2019, Archer Daniels Midland Company has announced a partnership to donate USD 1 million towards the implementation and creation of lifesaving education and assistance to farmers project (LEAF) with an international humanitarian organization.

Mergers and Acquisitions

• In October 2020, The Patanjali natural biscuits business was acquired by Ruchi soya for an amount of 8 million USD. The objective behind this acquisition was to increase its presence in the FMCG sector as a leading player.

• In July 2021. The sojaprotein a leading non-GMO soy ingredients provider of Europe has been acquired by archer daniels midland company. The main aim behind the acquisition was to increase in production capacity and meet the increase in consumer demand.

Product Launches and Product Expansions

• In April 2021, Archer Daniels Midland Company has opened a new plant-based nutrition innovation lab in Singapore at the Biopolis research hub. This new facility will play a key role in meeting an increase in demand for the consumer for protein-based products in the Asia-Pacific region.

• In December 2020, Devansoy has launched benesoy which is made through a unique process that results in organic and natural soy ingredients such as blander and whiter. In addition, it is easier for the customer to use. This process offers the same quality compared to other soy products.

Report Scope

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support

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