Modified Soya Flour Market

Modified Soya Flour Market Snapshot

[350 Pages Report] Modified Soya Flour Market size is projected to reach USD 85,859 million by 2032, growing at a CAGR of 3.2% over 2022-2032. Soy Flour is used in variety of food items and are used in various industrial products that contains more than 50% of protein.

Attribute	Details
Market Size Value in 2022	USD 58,609.4 Million
Market Forecast Value in 2032	USD 85,859 Million
Global Growth Rate (2022 to 2032)	3.2%
Forecast Period	2022 to 2032
Market Share of India in South Asia	~25%

As binders, modified soya flour is utilized in a variety of industrial and food applications. They are distinguished by their solubility and absorption qualities, which improve the functional properties of the food item in question. Future Market Insights has provided a global outlook here on modified soya flour market based on detailed research that includes numerous applications, sales channels, modified soy flour ingredients, and analysis of these factors across major regions throughout the world.

In addition, this research study covers the macroeconomic factors that have impacted the global market for modified soya flour's growth. The research includes a rigorous market segmentation that provides accurate market data on modified soya flour.

Various trends, drivers, developments and difficulties affecting the growth of modified soya flour in various locations across the world are discussed, providing a thorough grasp of the prospective nature of regional markets on which to base successful expansion choices.

The world market for modified soya flour is anticipated to grow at a high volume CAGR during the forecast period, according to an in-depth research analysis.

How The Market Progressed Till June 2022?

Particulars	Details
H1 2021	3.2%
H1 2022 Projected	3.2%
H1 2022 Expected	3.5%
BPS Change	- 35.2 ↓

FMI presents a half-yearly comparison analysis and review of the market growth rates and further development prospects in the global market. The market is predominantly influenced by certain demographic and innovation factors under the subjective impact of macro and industry factors.

Some new developments that have taken place in these markets include:

• Growing economies would see a growth in sales of modified soya flour, owing to increased consumption of modified soya flour, particularly in Russia and Germany.
• Producers are focusing on manufacturing a variety of baked items to improve client demand, hence propelling the Modified Soya Flour Market ahead.
• Due to increased consumer demand for baked goods, the Bakery and Confectionery industry is predicted to grow at the fastest rate of 5.2 percent.

The global market for Modified Soya Flour has witnessed H1 2021 growth at the magnitude of 3.2%. However, this growth is not evenly spread across all regions, with the developing markets recording higher growth rates of 3.5%. Thus, leaving the gap of -35.2 BPS points between expected and projected growth during H1 2022.

Key reasons for this change in growth rate are attributed to slow/rapid uptake of the market during the first half of the forecast period owing to improving end-user demand in key economies and their booming populations.

In particular, China and India are both seeing an increase in their consumption pattern, resulting in increased demand for the Modified Soya Flour market. Additionally, many other market segments are expected to perform fairly and attain promising growth prospects in the next half of the projection period.

Despite these positive prospects, there are some likely challenges that stay ahead for the industry including a shift in consumer preferences, stringent trade barriers, and a low degree of security in raw material supply, and other manufacturing inputs.

Soy-Derived Flour Is Becoming Ever More Common In Processed Foods

Because of its nutritional advantages, such as gluten-free, trans-fat-free, and whole-grain food products, the Modified Soya Flour market driver can be ascribed to rising adoption of soy-derived flour in processed meals among consumers.

Furthermore, throughout the projected period 2022-2032, the increase in sales of modified soya flour would be notably witnessed in rising economies, owing to increasing consumption of modified soya flour, namely in Russia and Germany.

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Country-Wise Analysis

Increasing Health-Related Concerns Is Driving Growth To The US Modified Soya Flour Market

In the next years, regional markets for modified soya flour in Asia Pacific except Japan (Asia Pacific except Japan-APEJ) are likely to present chances for expansion. In the Asia Pacific excluding Japan area, the modified soya flour market is predicted to generate substantial sales volumes in rising nations like China and India.

The modified soya flour market in Asia Pacific Except Japan-APEJ had a large - volume production in 2017 and is expected to maintain this trend throughout the forecast period, reaching a significant volume estimation by the end of the assessment year (2032), making Asia Pacific excluding Japan the most lucrative region for the global market for modified soya flour growth.

Furthermore, the worldwide modified soya flour market is predicted to expand at a rapid pace in Asia Pacific except Japan-APEJ, owing to the region's growing use of the product in a variety of food applications.

In 2020, North America dominated the Modified Soya Flour Market, with a 45% share. This is due to an increase in the preference for modified soya flour due to increased consumption of healthy food products. Furthermore, rising advancements in the food and beverage sector, as well as expanding veganism popularity among the populace, are propelling the Modified Soya Flour Market forward.

In the next years, Europe is predicted to become the second biggest market for modified soya flour. Because of the large use of modified soya flour in Russia, followed by Germany, the region is experiencing significant volume generation. Throughout the assessment period, the modified soya flour market in North America is expected to grow at a slower pace than in other regions.

Category-wise Insights

Activated Carbon And Phosphorous Chemicals Will Be A Big Part Of Modified Soya Flour Ingredients

In 2020, the Activated Carbon category stood as the largest revenue generator. This is due to the fact that activated carbon aids in the purification of various food and beverage procedures, which has resulted in an increase in the use of activated carbon in the food and beverage sector. Furthermore, activated carbon aids in the removal of odor from food, increasing the need for activated carbon ingredients and therefore the market's growth.

For the period 2022-2032, the Methylcellulose category is expected to grow at the fastest rate of 4.5 percent. This is due to its numerous health benefits, such as the reduction of constipation. Furthermore, methylcellulose is employed in a variety of baked goods, which is increasing the use of methylcellulose in food and, as a result, the Modified Soya Flour Market.

Thickening And Binding Application Is Boosting The Application Segment

Based on application, the Modified Soya Flour Market can be divided into Packaged Bakery, Food, Soups and Confectionery, and Others. In 2020, the Packaged Food category will account for the largest proportion of the Modified Soya Flour Market. This is mostly due to increased consumer adoption of packaged food as a result of higher consumption of ready-to-eat items.

Furthermore, packaged food has a longer shelf life, which increases consumer preference for packaged food due to their busy schedules. Over the period 2022-2032, the Bakery and Confectionery segment is expected to grow at the fastest rate of 5.2%. This is primarily due to rising consumer demand for baked goods, which drives up bakery and confectionery demand.

Furthermore, producers are concentrating on developing a variety of baked goods that would increase customer demand, hence moving the Modified Soya Flour Market forward.

Competition Landscape: Top Modified Soya Flour Market Manufacturers

According to the market research analysis Cargill Incorporated, The Scoular Company, Associated British Foods Plc., The Hain Celestial Group, Inc., General Mills Inc., Parrish and Heimbecker Ltd., ITC Limited, SunOpta Limited, The Caremoli Group, Ingredion Inc., Unicorn Grain Specialties, ConAgra Foods, Inc., Bunge Limited, Archer Daniels Midland Company, and Buhler are identified as key players in the Modified Soya Flour Market.

Scope Of Report

Attribute	Details
Market Size Value in 2021	USD 58,609.4 Million
Market Forecast Value in 2032	USD 85,859 Million
Global Growth Rate	3.2%
Forecast Period	2022 to 2032
Historical Data Available for	2017 to 2021
Market Analysis	MT for Volume and USD Mn for Value
Key Regions Covered	North America; Latin America; Europe; Japan; Asia Pacific Except Japan-APEJ and Middle East and Africa -MEA
Key Countries Covered	United States, Canada, Brazil, Mexico, Argentina, EU5, Russia, Poland, China, ASEAN, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, others.
Key Market Segments Covered	Ingredients, Application, Sales Channel and Regions
Key Companies Profiled	Cargill Incorporated; The Scoular Company; Associated British Foods Plc.; The Hain Celestial Group, Inc.; General Mills Inc., Parrish and Heimbecker Ltd.; ITC Limited, SunOpta Limited; The Caremoli Group; Ingredion Inc.; Unicorn Grain Specialties; ConAgra Foods, Inc.; Bunge Limited; Archer Daniels Midland Company; Buhler; Others
Pricing	Available upon Request

Market Segments Covered In Modified Soya Flour Market Industry Analysis

Ingredients:

• Activated Carbon
• Microcrystalline Cellulose (MCC)
• Methylcellulose
• Carboxymethyl cellulose (CMC)
• Ethylcellulose
• Phosphorus Chemicals
• Succinic Acid

Application:

• Bakery & Confectionery
• Extruded Snacks
• Soups
• Packaged Food
• Other Application

Sales Channel:

• Direct Sales
• Modern Trade
• Departmental Stores
• Convenience Stores
• Online Stores
• Other Sales Channel

Region:

• North America
• Latin America
• Europe
• Japan
• Asia Pacific Except Japan-APEJ
• Middle East and Africa-MEA

Frequently Asked Questions

How much is the Modified Soya Flour Market current worth?

Currently Modified Soya Flour Market is worth more than USD 60,717 Mn.

At what CAGR is the market expected to grow?

Modified Soya Flour Market consumption is expected to grow at a CAGR of around 3.7% during the period 2022-2032.

How was the performance in the last five years?

In terms of revenue, Modified Soya Flour Market grew at a CAGR of around 3.1% during 2017-2021

What are the key trends boosting Modified Soya Flour Market sales?

Its nutritional advantages, such as gluten-free, trans-fat-free, and whole-grain food products, the Modified Soya Flour market driver can be ascribed to rising adoption of soy-derived flour in processed meals among consumers

How are market players reacting to the new developments in the market?

Market players are opting for technological advancement, new product developments and production capacity expansion.

How much share does the top 5 companies hold?

The top 5 producers of Modified Soya Flour Market hold around 20-25% of the market share.

Which are the major countries driving demand for Modified Soya Flour Market?

The US, Germany, UK and Japan are the major countries driving demand for Modified Soya Flour Market.

Who are the major players in Modified Soya Flour Market?

The major players involved in the Modified Soya Flour Market are Cargill Incorporated, The Scoular Company, Associated British Foods Plc., The Hain Celestial Group, Inc., General Mills Inc., Parrish and Heimbecker Ltd., ITC Limited, SunOpta Limited, The Caremoli Group, Ingredion Inc., Unicorn Grain Specialties, ConAgra Foods, Inc., Bunge Limited, Archer Daniels Midland Company, and Buhler.