Soy Flour Market by Application and Geography - Forecast and Analysis 2022-2026
| Published: Oct 2022 | Pages: 124 | SKU: IRTNTR74535 |
The soy flour market share is expected to increase by USD 852.84 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.31%.
The research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the market segmentation by application (bakery and confectionery, meat substitutes, and others) and geography (North America, APAC, Europe, South America, and the Middle East and Africa). The market report also offers information on several market vendors, including Archer Daniels Midland Co., Batory Foods, Bobs Red Mill Natural Foods Inc., Calpro Specialities, Cargill Inc., CHS Inc., Devansoy Inc., Foodchem International Corp., International Flavors & Fragrances, Inc., Kerry Group Plc, Linyi Shansong Biological Products Co. Ltd., PacificSoybean & Grain, Qingdao ICD Biochemistry Co.Ltd., Sakthi Soyas Ltd, Shandong Yuxin Biotechnology Co. Ltd., Soy Austria GmbH, Sonic Biochem Extraction Pvt. Ltd., Unitechem Co. Ltd., and The Scoular Co. among others.
What will the Soy Flour Market Size be During the Forecast Period?
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Soy Flour Market: Key Drivers, Trends, and Challenges
Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the market. During the COVID-19 pandemic, the market demand has been impacted greatly. A holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.
Key Soy Flour Market Driver
The growing vegan population is one of the factors driving the market's growth. With the rising awareness about the various health benefits of vegan diets, the number of people adopting vegan lifestyles is increasing across the globe. It is estimated that the number of consumers opting for plant-based diets over animal-based ones is increasing, and the trend is more common among Millennials. Vegan consumers are increasing in nations like the US and Canada. These nations are seeing an increase in the proportion of Millennials living vegan lifestyles. Thus, the youthful population in countries like Mexico is adopting a vegan lifestyle at an increasing rate, and this trend is anticipated to continue during the forecast period.
Key Soy Flour Market Trend
The high nutritional value of soybeans is one of the key market trends fueling market growth. People can prepare and consume soybeans in a variety of ways. Soybeans are abundant in vitamin C and folate and low in saturated fat. They are also a good source of thiamin, potassium, phosphorus, calcium, iron, magnesium, carbohydrates, and a good source of polyunsaturated fat. They are a plentiful source of numerous vitamins, minerals, and healthy plant substances, including isoflavones. Owing to these nutrients, the regular consumption of soybean may lessen menopausal symptoms and lower the risk of developing prostate and breast cancer. Such factors contribute to the growth of the market during the forecast period.
Key Soy Flour Market Challenge
The presence of other substitutes is one of the factors limiting the market's growth. Plant-based proteins are quickly gaining popularity around the world, and where soy cannot be utilized, producers are switching to other plant-based proteins. For instance, pea, wheat, and rice proteins are widely substituted for soy protein, mainly because of the unfavourable perception of soy products among consumers. As a result, the food and beverage industry uses less soy flour. The high cost of soy also paves the way for the availability of other plant-based proteins in the market, which offer nearly similar benefits at a very low price. Thus, the presence of other less expensive plant-based substitutes threatens the growth of the market during the forecast period.
This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global soy flour market as a part of the global packaged foods and meats market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.
Who are the Major Soy Flour Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Archer Daniels Midland Co.
- Batory Foods
- Bobs Red Mill Natural Foods Inc.
- Calpro Specialities
- Cargill Inc.
- CHS Inc.
- Devansoy Inc.
- Foodchem International Corp.
- International Flavors & Fragrances Inc.
- Kerry Group Plc
- Linyi Shansong Biological Products Co. Ltd.
- PacificSoybean & Grain
- Qingdao ICD Biochemistry Co.Ltd.
- Sakthi Soyas Ltd
- Shandong Yuxin Biotechnology Co. Ltd.
- Soy Austria GmbH
- Sonic Biochem Extraction Pvt. Ltd.
- Unitechem Co. Ltd.
- The Scoular Co.
This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented, and the vendors are deploying growth strategies such as new product innovations, product expansions, mergers and acquisitions, and alliances to compete in the market.
Product Insights and News
- kerry.com - The company offers soy flour under the Radicle brand.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Soy Flour Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the soy flour market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for the Soy Flour Market?
Get a glance at the market share of various regions by Requesting a PDF Sample now!
43% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for soy flour in North America. Market growth in this region will be faster than the growth of the market in Europe.
The rising population and growing demand for soy-based products across the region will facilitate the market's growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
In 2020 and 2021, the COVID-19 pandemic adversely affected the economies of various countries in North America. Consequently, the pandemic created enormous prospects for expanding the global market. Thus, such factors are expected to drive the growth of the regional market during the forecast period.
What are the Revenue-generating Application Segments in the Soy Flour Market?
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The market share growth in the bakery and confectionery segment will be significant during the forecast period. Leading cafe chains such as Cafe Coffee Day, Starbucks, and Dunkin Brands are opening their outlets in many developing economies in Asia and South America. Many of these cafe chains sell many coffee varieties and serve bakery products also as bakery goods are often purchased with coffee. Owing to these factors, the bakery and confectionery segment is expected to grow and drive the growth of the market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.
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Soy Flour Market Scope |
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Report Coverage |
Details |
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Page number |
124 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.31% |
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Market growth 2022-2026 |
$852.84 million |
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Market structure |
Fragmented |
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YoY growth (%) |
4.68 |
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Regional analysis |
North America, APAC, Europe, South America, and the Middle East and Africa |
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Performing market contribution |
North America at 43% |
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Key consumer countries |
US, Canada, China, UK, and France |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Archer Daniels Midland Co., Batory Foods, Bobs Red Mill Natural Foods Inc., Calpro Specialities, Cargill Inc., CHS Inc., Devansoy Inc., Foodchem International Corp., International Flavors & Fragrances Inc., Kerry Group Plc, Linyi Shansong Biological Products Co. Ltd., PacificSoybean & Grain, Qingdao ICD Biochemistry Co.Ltd., Sakthi Soyas Ltd, Shandong Yuxin Biotechnology Co. Ltd., Soy Austria GmbH, Sonic Biochem Extraction Pvt. Ltd., Unitechem Co. Ltd., and The Scoular Co. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Soy Flour Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the soy flour industry across North America, APAC, Europe, South America, and the Middle East and Africa
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application
- 5.3 Bakery and confectionery - Market size and forecast 2021-2026
- Exhibit 28: Chart on Bakery and confectionery - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Bakery and confectionery - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Bakery and confectionery - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Bakery and confectionery - Year-over-year growth 2021-2026 (%)
- 5.4 Meat substitutes - Market size and forecast 2021-2026
- Exhibit 32: Chart on Meat substitutes - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Meat substitutes - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Meat substitutes - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Meat substitutes - Year-over-year growth 2021-2026 (%)
- 5.5 Others - Market size and forecast 2021-2026
- Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by Application
- Exhibit 40: Market opportunity by Application ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 Canada - Market size and forecast 2021-2026
- Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.11 UK - Market size and forecast 2021-2026
- Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.12 France - Market size and forecast 2021-2026
- Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 86: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 Archer Daniels Midland Co.
- Exhibit 93: Archer Daniels Midland Co. - Overview
- Exhibit 94: Archer Daniels Midland Co. - Business segments
- Exhibit 95: Archer Daniels Midland Co. - Key offerings
- Exhibit 96: Archer Daniels Midland Co. - Segment focus
- 10.4 Cargill Inc.
- Exhibit 97: Cargill Inc. - Overview
- Exhibit 98: Cargill Inc. - Product / Service
- Exhibit 99: Cargill Inc. - Key news
- Exhibit 100: Cargill Inc. - Key offerings
- 10.5 CHS Inc.
- Exhibit 101: CHS Inc. - Overview
- Exhibit 102: CHS Inc. - Business segments
- Exhibit 103: CHS Inc. - Key offerings
- Exhibit 104: CHS Inc. - Segment focus
- 10.6 Devansoy Inc.
- Exhibit 105: Devansoy Inc. - Overview
- Exhibit 106: Devansoy Inc. - Product / Service
- Exhibit 107: Devansoy Inc. - Key offerings
- 10.7 Foodchem International Corp.
- Exhibit 108: Foodchem International Corp. - Overview
- Exhibit 109: Foodchem International Corp. - Product / Service
- Exhibit 110: Foodchem International Corp. - Key offerings
- 10.8 International Flavors and Fragrances Inc.
- Exhibit 111: International Flavors and Fragrances Inc. - Overview
- Exhibit 112: International Flavors and Fragrances Inc. - Business segments
- Exhibit 113: International Flavors and Fragrances Inc. - Key offerings
- Exhibit 114: International Flavors and Fragrances Inc. - Segment focus
- 10.9 Kerry Group Plc
- Exhibit 115: Kerry Group Plc - Overview
- Exhibit 116: Kerry Group Plc - Business segments
- Exhibit 117: Kerry Group Plc - Key offerings
- Exhibit 118: Kerry Group Plc - Segment focus
- 10.10 Sakthi Soyas Ltd
- Exhibit 119: Sakthi Soyas Ltd - Overview
- Exhibit 120: Sakthi Soyas Ltd - Product / Service
- Exhibit 121: Sakthi Soyas Ltd - Key offerings
- 10.11 Shandong Yuxin Biotechnology Co. Ltd.
- Exhibit 122: Shandong Yuxin Biotechnology Co. Ltd. - Overview
- Exhibit 123: Shandong Yuxin Biotechnology Co. Ltd. - Product / Service
- Exhibit 124: Shandong Yuxin Biotechnology Co. Ltd. - Key offerings
- 10.12 The Scoular Co.
- Exhibit 125: The Scoular Co. - Overview
- Exhibit 126: The Scoular Co. - Product / Service
- Exhibit 127: The Scoular Co. - Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 128: Inclusions checklist
- Exhibit 129: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 130: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 131: Research methodology
- Exhibit 132: Validation techniques employed for market sizing
- Exhibit 133: Information sources
- 11.5 List of abbreviations
- Exhibit 134: List of abbreviations
- food allergy among consumers: There is an increase in the number of people suffering from food allergies globally. Food allergy is caused when the immune system reacts to the ingestion of certain foods. Ingredients of packaged foods and meats that can create allergic reactions in some people include (but are not limited to) milk, eggs, fish, crustacean shellfish (e.g., crab, lobster, and shrimp), tree nuts (e.g., almonds, walnuts, and pecan), peanuts, wheat, and soybeans. Even consumption of small amounts of food allergens can trigger signs and symptoms such as digestive problems, hives, and swollen airways. In some people, a food allergy can cause severe symptoms, or even a life-threatening reaction is, known as anaphylaxis. For example, in the US, nearly 3% of the adult population suffers from shellfish allergy.
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
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
soy flour market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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