Soy flour is obtained by grinding soybeans. Soy flour is rich source of proteins and is widely used in the food industry for preparing bakery products, confectionaries, baby foods, cereals, and pet food as an additive. Soy flour helps in improving the taste as well as the texture of the food. Soy flour is available in supermarkets/ hypermarkets, health food stores, food cooperatives, etc., in bulk and packaged form. Soy flour is a protein, dietary fiber, isoflavones, iron, vitamins, and potassium, making it one of the healthy food. Soy flour is a gluten-free product that is preferred by health-conscious consumers as well as by fitness trainers as breakfast cereals. Thus market demand from the food and beverages industry is higher for soy flour.
MARKET DYNAMICS
The soy flour market has witnessed a significant growth owing to factors such as growth of food industry. Moreover, the increasing urbanization and growing population of working professionals demand for ready-to-eat products is increasing which provides a huge market opportunity for the key players operating in the soy flour market. Soy flour provides bases for soymilk and textured vegetable that is trending across the world in turn increasing market demand for soy flour.
MARKET SCOPE
The "Global Soy Flour Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the soy flour market with detailed market segmentation application, and geography. The global soy flour market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading soy flour market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global soy flour market is segmented on the basis of application. On the basis of application, the global soy flour market is divided into bakery products, dried milk, as food additives, and pet food.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global soy flour market based on various segments. It also provides marketsize and forecast estimates from the year 2020to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The soy flour market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the soy flour market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the soy flour market in these regions.
MARKET PLAYERS
The reports cover key developments in the soy flour market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from soy flour market is anticipated to lucrative growth opportunities in the future with the rising demand for soy flour in the global market. Below mentioned is the list of few companies engaged in the soy flour market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the soy flour market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Archer Daniels Midland Company
- Cargill Incorporated
- CHS Inc.
- Devansoy Inc.
- Foodchem International Corporation
- Gushen Group
- Harvest Innovations
- Sakthi Soyas Limited
- Unitechem Co., Ltd.
- Vippy Industries Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.