The Soy Flour Global Market Report 2023, provides comprehensive information on the soy flour market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032
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As per The Business Research Company’s Soy Flour Global Market Report 2023, the global soy flour market size is expected to grow from $2.80 billion in 2022 to $2.99 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global soy flour market size is expected to reach $3.74 billion in 2027 at a CAGR of 5.8%.
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Product innovation has emerged as a key trend gaining popularity in the soy flour market. Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in February 2022, Benson Hills, a US-based agricultural biotechnology company launched its new soy protein ingredient portfolio called Truvail. High protein soy flour, a less processed version of soy protein concentrate (SPC), and texturized proteins are all part of the TruVailTM brand’s offering. These products can be used widely in both conventional soy protein applications and the quickly expanding alternative plant-based protein markets. The portfolio is designed to offer unique sustainability benefits for a broad range of food applications. The Truvail portfolio is its low carbon footprint, which is achieved using regenerative agriculture practices and sustainable sourcing methods.
The soy flour market is segmented:
1) By Type: Defatted Fat, Full Fat
2) By Distribution Channel: Online Stores, Convenience Store, Departmental Store, Direct Sales, Others distribution channel
3) By Application: Bakery And Confectionery, Meat Substitute, Meat And Poultry, Soups And Sausages, Other Applications
North America was the largest region in the soy flour market in 2022.
Top 5 Major Key Players Are:
Archer Daniels Midland Company
Devansoy Inc
Sakthi Soyas Limited
Foodchem International Corporations
Bob’s Red Mill Natural Foods
Table Of Contents
1. Executive Summary
2. Soy Flour Market Characteristics
3. Soy Flour Market Trends And Strategies
4. Soy Flour Market – Macro Economic Scenario
5. Soy Flour Market Size And Growth
…….
26. Africa Soy Flour Market
27. Soy Flour Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Soy Flour Market
29. Soy Flour Market Future Outlook and Potential Analysis
30. Appendix
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