Asia Pacific 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. 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 the food and beverage industry is higher for soy flour.
The Asia Pacific Soy Flour market is segmented based on
Type
Application
Based on Type
Natural or Full fat
Low fat and Fat-free, or defatted
Based on the Application it is divided into
Bakery
Meat Substitutes
Functional Food
Dairy Alternative
Confectionary
Baby Food Products
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.
China
India
South Korea
Japan
Australia
China 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. India is the fastest-growing region due to increasing demand and product innovation and increasing disposable income.
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
Sinoglory Enterprise Group
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