Europe Soy Flour Market was worth USD XX million in 2022 and estimated to be growing at a CAGR of XX%, to reach USD XX million by 2027.
Soy Flour is used as a source for proteins and is widely used in bakery applications. Soy flour is a source for high amounts of protein, dietary fiber, iron, isoflavones, vitamins and potassium which are necessary for a healthy diet. Soy flour is a gluten-free product that is the most preferred food type for 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. Primary factors accounted for driving the market are increasing disposable income, extensive use in the preparation of various food products and bakery products, increasing trend and preference for gluten-free foods, and growing awareness regarding the health benefits of Soy Flour. However, stringent government regulations and consumer skepticism are the factors hindering the growth of the market.
The Europe market for Soy Flour is segmented based on Type and Application. Based on Type it is divided into Natural or Full fat, Low fat, and Fat-free or defatted. Based on the Application it is divided into Bakery, Meat Substitutes, Functional Food, Dairy Alternative, Confectionary, Baby Food Products, and Others.
Based on geographical analysis, the market is divided into regions of
U.K.
Germany
France
Italy
Spain
U.K. holds the major share in the market due to presence of market leaders as well as a large population of bakery food products consuming individuals and its extensive use in food products. Germany is the fastest growing region due to increasing demand and product innovation and increasing disposable income. Natural or Full fat Soy Flour holds the major share in the market due to their extensive use in bakery applications and processing ease while low fat variant is expected to grow the fastest due to increasing trend of low fat food. Based on Application bakery food applications hold the major share in the market while Functional Foods and Meat replacement foods are expect to grow the fastest.
Archer Daniels Midland Corn Processing,
Cargill Inc
proteins, CHS Inc
Food and Ingredients
Devansoy Inc.
Finnsoy
Foodchem International Corporation Proteins
Harvest Innovations
Kerry Group Ingredients
The Nisshin Oillio Group Ltd
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