Latin America Soy Flour Market was worth USD XX million in 2021 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 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.
based on
Type
Application
Based on Type
Natural
Full fat
Low fat
Fat-free or defatted
Based on Application
Bakery
Meat Substitutes
Functional Food
Dairy Alternative
Confectionary
Baby Food Products
Brazil
Argentina
Mexico
Brazil holds the major share in the market due to the presence of market leaders as well as a large population of bakery food products consuming individuals and its extensive use in food products. Argentina 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 the 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 expected 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
Soy Foods & Materials Business
Ruchi soya Extraction
Sinoglory Enterprise Group
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