How Has The Soy Flour Market Size Evolved Historically?
The soy flour market has seen considerable growth due to a variety of factors.
•The market size of soy flour has seen a robust growth in the last few years. Its worth is expected to increase from $3.18 billion in 2024 to $3.38 billion in 2025, with a compound annual growth rate (CAGR) of 6.2%.
Factors contributing to this upward trend during the historic period include a surge in chronic illnesses, heightened health consciousness, progress in healthcare facilities, home blood pressure monitoring, regulatory norms and guidelines, and policies regarding healthcare reimbursement.
What Will Be The Soy Flour Market Size In The Future?
The soy flour market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the soy flour market, currently valued at $4.23 billion in 2029, is projected to experience significant growth at a compound annual growth rate (CAGR) of 5.8%.
The anticipated growth throughout the forecast period is due to factors such as an emphasis on preventive healthcare, management of population health, worldwide efforts in hypertension control, and a globally increasing elderly population. Expected trends during the forecast period encompass e-health and mobile health applications, personalised medicine practices, point-of-care testing, advancements in cuff design and comfort, wireless and connected devices, digitalisation and automated blood pressure monitoring.
What Are The Primary Growth Drivers In The Soy Flour Market?
The soy flour market's expansion is predicted to be fueled by the rising consumer preference for vegan food. Vegan meals, which are devoid of any animal or animal-derived products, encourage the use of alternatives that are both compassionate and environmentally friendly. Soy flour, a versatile element used in various vegan dishes, offers a high-quality alternative to animal protein. For instance, a survey performed by the US personal finance comparison website Finder.com LLC in January 2024 indicated a rise in vegans, from 1.1 million in 2023 to 2.5 million in the early part of 2024. Thus, the rising popularity of vegan meals bolsters the soy flour market.
What Is The Segmentation Of The Global Soy Flour Market?
The soy flour market covered in this report 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
Subsegments:
1) By Defatted Fat: Low-Fat Soy Flour, High-Protein Defatted Soy Flour
2) By Full Fat: Regular Full-Fat Soy Flour, Organic Full-Fat Soy Flour
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What Emerging Trends Are Shaping The Soy Flour Market Landscape?
The soy flour market is witnessing a significant upswing in product innovation, with prominent market players focusing diligently on the development of novel products to cement their market foothold. For instance, the US-based agricultural biotech firm, Benson Hills, unveiled its new soy protein product line, Truvail, in February 2022. The portfolio comprises high-protein soy flour, a less refined form of soy protein concentrate (SPC), and textured proteins, all under the TruVail brand. These products find extensive application in traditional soy protein uses as well as the rapidly evolving sector of alternative plant-based proteins. The Truvail portfolio, characterized by its minimal carbon footprint, is designed to offer unparalleled sustainability benefits across a diverse range of food applications, a feat achieved through regenerative farming practices and sustainable procurement processes.
Who Are the Key Players in the Soy Flour Market?
Major companies operating in the soy flour market include:
• Archer Daniels Midland Company
• Devansoy Inc.
• Sakthi Soyas Limited
• Foodchem International Corporations
• Bob’s Red Mill Natural Foods
• CHS Inc.
• Sonic Biochem Extraction Pvt. Ltd.
• DuPont de Nemours Inc.
• Kerry Group
• Living Foods India Private Limited
• Ruitenberg Ingredients BV.
• BIC Ingredients B.V.
• Sun Nutrafoods
• Cargill Incorporated
• Bunge Limited
• The Scoular Company
• Fuji Oil Co. Ltd.
• SunOpta Inc.
• SOJAPROTEIN
• Ingredion Incorporated
• The Hain Celestial Group Inc.
• Burcon NutraScience Corporation
• Ag Processing Inc.
• Euroduna Food Ingredients GmbH
• The Nisshin OilliO Group Ltd.
• Natural Products Inc.
What are the Regional Insights into the Soy Flour Market?
North America was the largest region in the soy flour market in 2024. Asia Pacific is expected to be the fastest-growing region in the global soy flour market during the forecast period. The regions covered in the soy flour market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
