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The soy flour market size is forecast to increase by USD 706.7 million, at a CAGR of 4.5% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
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The market continues to evolve, driven by the constant quest for innovation and improvement in the functional properties of this versatile ingredient. Soy flour oxidation, for instance, is a critical aspect of the production process that impacts the final product's flavor, color, and nutritional value. Similarly, soy flour functionality, including its viscosity, solubility, dispersibility, and rheology, is a key consideration for various industries, from food and beverage to pharmaceuticals and cosmetics. Organic Soy protein isolate, a popular derivative of soy flour, offers unique advantages in terms of nutritional content and functional properties. Its high protein content and excellent emulsifying and gelling properties make it a preferred choice in numerous applications, from baked goods to meat substitutes.
Moreover, sustainability remains a significant factor in the market, with a growing emphasis on traceability and eco-friendly production methods. As consumer preferences shift towards more sustainable and ethically-sourced ingredients, soy flour producers are responding by implementing sustainable farming practices and improving their production processes to minimize waste and reduce their carbon footprint. In summary, the market is a dynamic and evolving landscape, with ongoing research and development efforts focused on optimizing the functional properties of soy flour and its derivatives, while also addressing sustainability concerns. From soy flour oxidation to soy protein isolate, the various aspects of this market are interconnected and continually unfolding, reflecting the industry's commitment to innovation and improvement.
The soy flour industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The bakery and confectionery segment is estimated to witness significant growth during the forecast period.
The market experienced notable growth in 2023, with the bakery and confectionery segment holding a substantial share. Soy flour's unique properties, such as solubility, absorption capabilities, and nutritional benefits, including natural sweetness, make it an ideal ingredient for gluten-free, trans-fat-free, and whole-grain bakery products. The rising demand for baked goods like bread, pastries, and cake, particularly during festive seasons and special occasions, has significantly boosted market sales. Furthermore, soy flour's sustainability, texture, flavor, color, traceability, and dispersibility contribute to its extensive applications in various industries, including food, beverages, and pharmaceuticals.
Soy protein isolate and defatted soy flour are popular derivatives with varying viscosity and rheology, catering to diverse industrial requirements. The market's growth is also driven by the increasing focus on plant-based alternatives and the potential health benefits associated with soy flour consumption.
The Bakery and confectionery segment was valued at USD 984.80 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 35% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market in North America is experiencing consistent expansion due to the increasing population and escalating demand for plant-based food alternatives, particularly in the United States. Soy flour's functional properties, including its high protein content, make it an ideal ingredient for various applications, such as baked goods, meat substitutes, and nutrition bars. Soy protein isolate, a derivative of soy flour, is widely used in the production of these products due to its superior nutritional profile and solubility. Soy flour's viscosity and texture are crucial factors in its application, ensuring the desired consistency in various food products. Soy flour's color and flavor are also essential considerations, as they can significantly impact the final product's appearance and taste.
Traceability and sustainability are increasingly important factors in the market, with consumers demanding transparency in the sourcing and production of their food ingredients. Soy flour's rheological properties are essential in various industries, including food, pharmaceuticals, and cosmetics. Defatted soy flour, a byproduct of soybean oil extraction, is gaining popularity due to its high protein content and potential applications in various industries. The market's growth is also driven by its versatility and ability to replace traditional animal-derived ingredients, making it a preferred choice for vegan and vegetarian consumers.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The global soy flour market size and forecast projects growth, driven by soy flour market trends 2024-2028. B2B soy flour supply solutions leverage advanced soy processing technologies for quality. Soy flour market growth opportunities 2025 include soy flour for baking and non-GMO soy flour products, meeting demand. Soy flour supply chain software optimizes operations, while soy flour market competitive analysis highlights key suppliers. Sustainable soy flour practices align with eco-friendly food trends. Soy flour regulations 2024-2028 shapes soy flour demand in North America 2025. High-protein soy flour solutions and premium soy flour insights boost adoption. Soy flour for plant-based foods and customized soy flour formulations target niches. Soy flour market challenges and solutions address allergen concerns, with direct procurement strategies for soy flour and soy flour pricing optimization enhancing profitability. Data-driven soy flour analytics and plant-based ingredient trends drive innovation.
The soy flour market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the soy flour market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, soy flour market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Archer Daniels Midland Co. - The PurelyNature brand, under the company's umbrella, specializes in providing high-quality soy flour to the market. This product caters to consumers seeking natural, plant-based alternatives for various applications. The company's commitment to sustainability and transparency sets it apart, ensuring customer trust and satisfaction.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Soy Flour Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
138 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
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Market growth 2024-2028 |
USD 706.7 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
4.23 |
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Key countries |
US, Malaysia, Indonesia, Germany, UK, South Korea, France, Canada, Brazil, Thailand, UAE, Mexico, China, Japan, and India |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this soy flour market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Distribution Channel
8 Market Segmentation by Type
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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