Asia Pacific Soy Flour Market

Asia Pacific Soy Flour Market Size

The soy flour market size in Asia Pacific was worth USD 720 million in 2023. The Asia-Pacific market size is expected to be valued at USD 1.15 billion by 2032 from USD 760 million in 2024, exhibiting a CAGR of 5.37% from 2024 to 2032.

Soy Flour is used as a source of 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 for fitness trainers, as breakfast cereals. Thus, the market demand for soy flour from the food and beverage industry is higher.

Natural or Full-fat Soy Flour holds the major share in the market due to its extensive use in bakery applications and processing ease, while the 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.

REGIONAL ANALYSIS

China holds the major share in the market due to the presence of market leaders as well as a large population of bakery food-consuming individuals and its extensive use in food products. India is the fastest-growing region due to increasing demand and, product innovation, and increasing disposable income.

KEY MARKET PLAYERS

Companies playing a major role in the Asia-Pacific soy flour 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.

MARKET SEGMENTATION

This research report onthe  Asia-Pacific soy flour market is segmented based on type and application.

By Type

• Natural or Full-fat
• Low fat
• Fat-free or defatted

By Application

• Bakery
• Meat Substitutes
• Functional Food
• Dairy Alternatives
• Confectionary
• Baby Food Products
• Others

By Country

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC