The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

Strong Growth of the Soy Flour Market

• 2023 Market Size: $2.99 billion.
• 2024 Market Size: Expected to grow to $3.18 billion.
• CAGR: 6.5%.
• Drivers of Growth: Rise in chronic diseases, increased health awareness, advancements in healthcare infrastructure, home blood pressure monitoring, regulatory standards and guidelines, healthcare reimbursement policies.

Future Growth Projections

• 2028 Market Size: Projected to reach $3.97 billion.
• CAGR: 5.7%.
• Growth Factors: Focus on preventive healthcare, population health management, global initiatives for hypertension control, global aging population.
• Major Trends:
  • E-health and mobile health apps
  • Personalized medicine trends
  • Point-of-care testing
  • Innovations in cuff design and comfort
  • Wireless and connected devices
  • Digitalization and automated blood pressure monitoring

Read The Full Soy Flour Market Report Here:
https://www.thebusinessresearchcompany.com/report/soy-flour-global-market-report

Vegan Food Demand Boosts Soy Flour Market

• Impact of Vegan Food Demand: Increasing demand for vegan food propels growth in the soy flour market.
• Vegan Food Definition: Food made without animal products, promoting cruelty-free and sustainable alternatives.
• Soy Flour Role: Versatile ingredient providing high-quality, plant-based protein.
• Market Growth Example: US plant-based food industry grew by 6% in 2021 to $7.4 billion.

Leading Companies in Soy Flour

• Major Players:
  • Archer Daniels Midland Company
  • Devansoy Inc.
  • Sakthi Soyas Limited
  • Foodchem International Corporations
  • Bob’s Red Mill Natural Foods
  • CHS Inc.
  • Sonic Biochem Extraction Pvt. Ltd.
  • DuPont de Nemours Inc.
  • Kerry Group
  • Living Foods India Private Limited
  • Ruitenberg Ingredients BV.
  • BIC Ingredients B.V.
  • The Nisshin OilliO Group Ltd.
  • Natural Products Inc.

Innovation in Sustainable Soy Protein

• Key Trend: Product innovation driving market growth.
• Example:
  • Benson Hills: Launched Truvail soy protein portfolio in February 2022.
    • Includes high protein soy flour and texturized proteins.
    • Sustainability benefits: Low carbon footprint, regenerative agriculture practices.

Strategic Acquisitions Enhance Market Position

• Benson Hill’s Acquisition of ZFS Creston:
  • Date: May 2022.
  • Purpose: Enhance leadership in plant-based protein, improve sustainability of food systems.
  • Impact: Strengthens technology application in soybean crops.

Market Segmentation

• By Type:
  • Defatted Fat
  • Full Fat
• By Distribution Channel:
  • Online Stores
  • Convenience Store
  • Departmental Store
  • Direct Sales
  • Others distribution channels
• By Application:
  • Bakery and Confectionery
  • Meat Substitute
  • Meat and Poultry
  • Soups and Sauces
  • Other Applications

Regional Insights

• Largest Region in 2023: North America.
• Fastest-Growing Region: Asia Pacific during the forecast period.

Get A Free Sample On The Global Soy Flour Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=10395&type=smp

The Soy Flour Global Market Report 2024  provides an overview of the soy flour market 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 and their market positions.

Explore Similar Reports From The Business Research Company:

Malted Wheat Flour Global Market Report 2024

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Soy Protein Global Market Report 2024

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