[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.
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| 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:
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.
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.
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.
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.
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.
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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.
| 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 |
Currently Modified Soya Flour Market is worth more than USD 60,717 Mn.
Modified Soya Flour Market consumption is expected to grow at a CAGR of around 3.7% during the period 2022-2032.
In terms of revenue, Modified Soya Flour Market grew at a CAGR of around 3.1% during 2017-2021
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
Market players are opting for technological advancement, new product developments and production capacity expansion.
The top 5 producers of Modified Soya Flour Market hold around 20-25% of the market share.
The US, Germany, UK and Japan are the major countries driving demand for 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.
| Estimated Size (2024E) | USD 18,779.0 Million |
|---|---|
| Projected Value (2034F) | USD 28,885.3 Million |
| Value-based CAGR (2024 to 2034) | 4.4% |
| Estimated Size (2024E) | USD 102.1 Billion |
|---|---|
| Projected Value (2034F) | USD 152.8 Billion |
| Value-based CAGR (2024 to 2034) | 4.3% |
| Market Value (2023) | USD 109,173.6 million |
|---|---|
| Market Value (2033) | USD 196,516.8 million |
| Market CAGR (2023 to 2033) | 6.5% CAGR |
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Modified Soya Flour Market
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