The Soy Flour Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Soy Flour Market is estimated to be USD XX million in 2016 and predicted to rise to USD XX million by 2021 with a CAGR of XX%. The market is segmented by Type (Natural or full fat, low fat and defatted) and by Application (Bakery, Meat Substitutes, Functional Food, Dairy Alternative, Confectionary, Baby Food Products and Others). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
Primary factors accounted for driving the market are increasing disposable income, extensive use in 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 market.
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.
Europe 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. Asia Pacific is the fastest growing region due to increasing demand and product innovation and increasing disposable income.
Some of the key players dominating this market include 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 and Sinoglory Enterprise Group.
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