The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The rising demand for vegan foods is likely to spur innovation in soy flour production, propelling the market during the forecast period.

The global soy flour market is expected to grow from $2.80 billion in 2022 to $2.99 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The global soy flour market size is expected to reach $3.74 billion in 2027 at a CAGR of 5.8%.

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 Global Soy Flour Market Segments Include:

• By Type: Defatted Fat, Full Fat
• By Distribution Channel: Online Stores, Convenience Store, Departmental Store, Direct Sales, Others distribution channel
• By Application: Bakery And Confectionery, Meat Substitute, Meat And Poultry, Soups And Sausages, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global soy flour market in 2021.

Major Market Players in the soy flour market include Archer Daniels Midland Company, Devansoy Inc., Sakthi Soyas Limited, Foodchem International Corporations, Bob’s Red Mill Natural Foods, CHS Inc., Sonic Biochem, DuPont, Kerry Group.

Product innovation has emerged as a major trend in the soy flour market. Major market players are focusing their efforts on developing novel products in order to strengthen their market position. For example, in February 2022, Benson Hills, a US-based agricultural biotechnology company, announced Truvail, a novel soy protein component portfolio. The TruVailTM brand offers high protein soy flour, a less processed version of soy protein concentrate (SPC), and texturized proteins. These products have a wide range of applications in both traditional soy protein applications and the rapidly increasing alternative plant-based protein sectors. The portfolio is intended to provide distinct sustainability benefits for a wide range of food applications. The Truvail portfolio is distinguished by its low carbon footprint, which is accomplished through regenerative agriculture practises and sustainable sourcing.

The Soy Flour Global Market Report 2023  provides a soy flour market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The soy flour market forecast analyzes soy flour market size, soy flour market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Soy flour is a flour prepared from ground-roasted soybeans that has a high protein content and is a good source of plant-based protein. It’s a gluten-free substitute for wheat flour in baked goods including bread, cakes, and cookies.

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