Global Modified Soya Flour Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Modified Soya Flour Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global modified soya flour market report has been segmented on the basis of ingredient, applications, sales channel, and region.
Global Modified Soya Flour Market: Overview
Soybean is an important vegetable source of proteins. The increased acceptance of soy proteins due to its good functional properties in food applications, high nutritional value, availability, and low cost. Soy protein is isolated from soybean. Defatted soybeans are processed into three kinds of high protein products such as soy flour, concentrates, and isolates. Recently, soy protein’s popularity has increased due to its use in health food products.
Global Modified Soya Flour Market: Dynamics
Rising disposable income, increasing consumer’s preference towards healthy food, and increasing adoption of soya flour by manufacturers in order to provide product that have nutritional value are some major factors expected to drive growth of the global market. In addition, increasing adoption of soy flour in many food items as an enhancer, owing to its properties for primary and high source of vegan protein as well as healthy oils is another factor expected to further support growth of the global market to certain extent.
Moreover, growing urbanization in developing countries, increasing working population, and rising demand for ready-to-eat meals are some other factors which in turn is expected to further support growth of the target market over the forecast period. In addition, increasing preference for gluten-free products, owing to several health benefits is resulting in rising demand of modified soy flour as it offers soymilk and textured vegetables as base. This factor is intern expected to support growth of the target market to certain extent.
However, availability of various alternatives is a major factor expected to hamper growth of the global market.
Increasing investment by major players for innovative products offerings is expected to create revenue opportunities in terms of revenue for players operating in the target market over the forecast period. In addition, increasing expansion activities through strategic agreements is expected to further support growth of the target market over the forecast period.
Global Modified Soya Flour Market: Segment Analysis
Among the application segments, the packaged food segment is expected to dominate in the target market over the forecast period.
Among the sales channel segments, the convenience stores segment is expected to dominate in the target market over the forecast period.
Global Modified Soya Flour Market: Region Analysis
The market in North America followed by Europe is expected to contribute significant revenue shares in the global market in terms of revenue. This can be attributed to increasing preference for ready-to-eat food among consumers, increasing demand from bakery and confectionery, and presence of major players operating in the countries in this region. In addition, rising merger and acquisition activities between regional and international players is further expected to support growth of the target market in this region.
The market in Asia Pacific is expected to witness faster growth, owing to rising health concern among consumers related to high protein intake, increasing adoption of soya in food products, and presence of prominent players operating in emerging economies such as India and China in this region.
Global Modified Soya Flour Market Segmentation
Segmentation by ingredient
- Succinic Acid
- Phosphorus Chemicals
- Carboxymethyl Cellulose (CMC)
- Microcrystalline Cellulose (MCC)
- Activated Carbon
Segmentation by application
- Packaged Food
- Bakery and Confectionery
Segmentation by sales channel
- Online Stores
- Convenience Stores
- Departmental Stores
Segmentation by region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- The Hain Celestial Group, Inc.
- Parrish and Heimbecker, Limited
- Archer-Daniels-Midland Company
- Cargill, Incorporated
- Associated British Foods PLC
- The Scoular Company
- General Mills Inc.
- Bunge Limited
- ConAgra Foods, Inc.
- The Caremoli Group
- ITC Limited
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