Middle East And Africa Soy Flour Market

Middle East and Africa Soy Flour Market Size and Growth: 

Middle East and Africa Soy Flour Market was worth USD XX million in 2022 and is estimated to be growing at a CAGR of XX%, to reach USD XX million by 2027.

Middle East and Africa Soy Flour Market Overview: 

Soy Flour is used as a source for proteins and is widely used in bakery applications. Soy flour is a source of 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 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 preferences 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.

Middle East and Africa Soy Flour Market Segmentation

Middle East and Africa market for Soy Flour is segmented

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

Middle East and Africa Soy Flour Market Regional Analysis

• UAE

• Israel

• KSA

• South Africa

• Egypt

Based on geographical analysis, the market is divided into regions of Middle East and Africa. The Middle East 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. The Middle East is also 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 expected to grow the fastest.

Middle East and Africa Soy Flour Market Key Players

1. Archer Daniels Midland Corn Processing

2. Cargill Inc. proteins

3. CHS Inc. Food and Ingredients

4. Devansoy Inc.

5. Finnsoy

6. Foodchem International Corporation Proteins

7. Harvest Innovations

8. Kerry Group Ingredients

9. The Nisshin Oillio Group Ltd

10. Soy Foods & Materials Business

11. Ruchi soya Extraction

12. Sinoglory Enterprise Group