Soy flour is obtained by grinding soybeans. It is rich source of proteins and is widely used in food industry for preparing bakery products, confectionaries, baby foods, cereals and pet food as an additive. Soy flour helps in improving taste as well as texture of the food. Soy flour is available in supermarkets/ hypermarkets, health food stores, food cooperatives etc. in bulk and in packaged form. Soy flour is a source of protein, dietary fiber, isoflavones, iron, vitamins and potassium which makes it one of the healthy food. Soy flour is gluten-free product which is preferred by health conscious consumers as well as by fitness trainers as breakfast cereals. Thus market demand from food and beverages industry is higher for soy flour.

Market Segmentation: Soy flour

The soy flour market is segmented on the basis of its application in food industry as bakery products, dried milk, as food additives, and pet food etc. Soy flour is used in food products such as meat products, breakfast cereals, ready-to-eat products, instant mixes, baby foods, soups, diet food etc. In bakery products segment, soy flour is used in preparation of gluten-free breads which is gaining interest in health conscious consumers and hence driving market demand for soya flour. Soy flour is also used as a food additive in soups, instant mixes and dairy products in order to enhance nutrition of the product. Increasing demand for protein based and healthy pet food products from pet food market segment is also expected to grow over the forecast period.

Depending on geographic regions global soy flour market is segmented into five key regions: North America, Latin America, Europe, Middle East and Africa and Asia Pacific. North America dominates the global soy flour market in terms of consumption, while Asia Pacific is expected to show maximum growth over the forecast period. The U.S. in North America region and Brazil in Latin America contributes the maximum share of soy flour in terms of production volume. Amongst Asia Pacific regional markets, China and India has shown higher growth rate in terms of production and is expected to grow at a significant growth rate over the forecast. Countries like Uruguay, Bolivia and Ukraine are gaining interest in production of soy flour contributing to the growth of global market.

Global Soy flour Market: Drivers and Trends

Soy flour is used in many food products to enhance nutritional value of the product as it is high source of vegan protein, and healthy oils, which is major factor driving market demand from food manufacturers. As a result of increasing urbanization and growing population of working professionals demand for ready-to-eat products is increasing which is one of the key driver for increasing demand for soy flour in global market. Gluten-free trend is trending in global food industry and soy flour is a gluten-free product and have many other health benefits such as it reduces risk of heart disease, reduce menopausal symptoms, lowers blood cholesterol etc. these factors are fueling market demand for soy flour. Soy flour provides bases for soymilk and textured vegetable which is trending worldwide in turn increasing market demand for soy flour.

Global Soy flour: Key Players

Some of the key players identified across the value chain of the global Soy flour market include Archer Daniels Midland Company, Cargill Incorporated, Vippy Industries Ltd., CHS Inc., Devansoy Inc., Sakthi Soyas Limited, Foodchem International Corporation, Unitechem Co., Ltd., Gushen Group, Harvest Innovations, Kerry Group, Linyi Shanshong Biological products Co. Ltd., Ruchi Soya Industries Ltd., Scoular Food Ingredients Group, Sinoglory Enterprise Group Co. Ltd., Victoria Group, Solae LLC, Sonic Biochem, World Food Processing, The Nisshin OilliO Group, Ltd., Bob's Red Mill Natural Foods etc.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Soy Flour Market

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