North America Soy Flour Market

North America Soy Flour Market Analysis 2022 - 2027

Soy flour is a source for 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 which is the most preferred food type for health conscious consumers as well as by fitness trainers as breakfast cereals. Thus market demand from food and beverages industry is higher for soy flour.

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.

REPORT COVERAGE:

North America Soy Flour Market Segmentation:

The North America market for Soy Flour is segmented based on Type and Application. Based on Type it is divided into Natural or Full fat, Low fat and Fat free or defatted. Based on Application it is divided into Bakery, Meat Substitutes, Functional Food, Dairy Alternative, Confectionary, Baby Food Products and Others. Based on geographical analysis, the market is divided into regions of United States of America and Canada. USA 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. USA is also the fastest growing region due to increasing demand and product innovation and increasing disposable income. 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.

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.