Soy Flour Market Size to Grow by USD 852.84 Mn, 43% of Market Growth to Originate from North America - Technavio

NEW YORK, Oct. 25, 2022 /PRNewswire/ -- The global soy flour market size is set to grow by USD 852.84 million from 2021 to 2026, according to Technavio. In addition, the growth momentum of the market will accelerate at a CAGR of 5.31% during the forecast period. The growing vegan population is driving the soy flour market's growth. However, The presence of other substitutes is challenging the soy flour market's growth.

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• Bakery and confectionery - size and forecast 2021-2026
• Meat substitutes - size and forecast 2021-2026
• Others - size and forecast 2021-2026

• North America - size and forecast 2021-2026
• APAC - size and forecast 2021-2026
• Europe - size and forecast 2021-2026
• South America - size and forecast 2021-2026
• Middle East and Africa - size and forecast 2021-2026

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North America will account for 43% of the market's growth during the forecast period. This growth is attributed to factors such as the rising population and growing demand for soy-based products across the region. Moreover, market growth in this region will be faster than the growth of the market in Europe. The US and Canada are the key countries for the soy flour market in North America. In 2021, the US was the largest soy flour producer in the world owing to the high demand for soy flour. Moreover, the number of consumers adopting the vegan lifestyle is increasing in the US, Canada, and Mexico. Around 58% of the consumers in the US identified as vegans. The number of startups offering vegan food and beverage products is also increasing in the US. Similarly, in Canada, there were around 2.3 million vegetarians and 850,000 vegans in 2020. The vegan lifestyle is also becoming popular among the young population in Mexico. These factors will lead to the growth of the regional soy flour market during the forecast period.

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Archer Daniels Midland Co., Batory Foods, Bobs Red Mill Natural Foods Inc., Calpro Specialities, Cargill Inc., CHS Inc., Devansoy Inc., Foodchem International Corp., International Flavors and Fragrances Inc., Kerry Group Plc, Linyi Shansong Biological Products Co. Ltd., PacificSoybean and Grain, Qingdao ICD Biochemistry Co.Ltd., Sakthi Soyas Ltd, Shandong Yuxin Biotechnology Co. Ltd., Soy Austria GmbH, Sonic Biochem Extraction Pvt. Ltd., Unitechem Co. Ltd., The Scoular Co., among others, are the key players in the market. The offerings of some of these vendors are listed below:

• Archer Daniels Midland Co. - The company offers soy flour through the PurelyNature brand.
• Cargill Inc. - The company offers soy flour through the Prolia brand.
• CHS Inc. - The company offers soy flour through the Honeysoy brand.
• Devansoy Inc. - The company offers soy flour through the Soyroast brand.
• Foodchem International Corp. - The company offers soy flour such as defatted soy flour.

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Organic Soy Protein Market by Type and Geography - Forecast and Analysis 2022-2026: This report extensively covers segmentation by type (concentrates, isolates, and flour) and geography (North America, Europe, APAC, South America, and Middle East and Africa). 35% of the market's growth will originate from North America during the forecast period. The organic soy protein market share growth in the concentrates segment will be significant.

Soy Beverages Market by Type and Geography - Forecast and Analysis 2022-2026: This report extensively covers segmentation by type (soy milk and soy-based drinkable yogurt) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). 36% of the market's growth will originate from North America during the forecast period. The soy beverages market share growth in the soy milk segment will be significant.

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1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments 
• Exhibit 24: Chart on Application - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application 
• Exhibit 26: Chart on Comparison by Application
• Exhibit 27: Data Table on Comparison by Application

• 5.3 Bakery and confectionery - Market size and forecast 2021-2026 
• Exhibit 28: Chart on Bakery and confectionery - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Bakery and confectionery - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Bakery and confectionery - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Bakery and confectionery - Year-over-year growth 2021-2026 (%)

• 5.4 Meat substitutes - Market size and forecast 2021-2026
• Exhibit 32: Chart on Meat substitutes - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Meat substitutes - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Meat substitutes - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Meat substitutes - Year-over-year growth 2021-2026 (%)

• 5.5 Others - Market size and forecast 2021-2026
• Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Application 
• Exhibit 40: Market opportunity by Application ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview 
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation 
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison 
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 APAC - Market size and forecast 2021-2026
• Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026 
• Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Canada - Market size and forecast 2021-2026
• Exhibit 74: Chart on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Canada - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Canada - Year-over-year growth 2021-2026 (%)

• 7.11 UK - Market size and forecast 2021-2026
• Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)

• 7.12 France - Market size and forecast 2021-2026
• Exhibit 82: Chart on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on France - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography 
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges 
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape 
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption 
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks 
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered 
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors 
• Exhibit 92: Matrix on vendor position and classification

• 10.3 Archer Daniels Midland Co. 
• Exhibit 93: Archer Daniels Midland Co. - Overview
• Exhibit 94: Archer Daniels Midland Co. - Business segments
• Exhibit 95: Archer Daniels Midland Co. - Key offerings
• Exhibit 96: Archer Daniels Midland Co. - Segment focus

• 10.4 Cargill Inc. 
• Exhibit 97: Cargill Inc. - Overview
• Exhibit 98: Cargill Inc. - Product / Service
• Exhibit 99: Cargill Inc. - Key news
• Exhibit 100: Cargill Inc. - Key offerings

• 10.5 CHS Inc. 
• Exhibit 101: CHS Inc. - Overview
• Exhibit 102: CHS Inc. - Business segments
• Exhibit 103: CHS Inc. - Key offerings
• Exhibit 104: CHS Inc. - Segment focus

• 10.6 Devansoy Inc. 
• Exhibit 105: Devansoy Inc. - Overview
• Exhibit 106: Devansoy Inc. - Product / Service
• Exhibit 107: Devansoy Inc. - Key offerings

• 10.7 Foodchem International Corp. 
• Exhibit 108: Foodchem International Corp. - Overview
• Exhibit 109: Foodchem International Corp. - Product / Service
• Exhibit 110: Foodchem International Corp. - Key offerings

• 10.8 International Flavors and Fragrances Inc.
• Exhibit 111: International Flavors and Fragrances Inc. - Overview
• Exhibit 112: International Flavors and Fragrances Inc. - Business segments
• Exhibit 113: International Flavors and Fragrances Inc. - Key offerings
• Exhibit 114: International Flavors and Fragrances Inc. - Segment focus

• 10.9 Kerry Group Plc 
• Exhibit 115: Kerry Group Plc - Overview
• Exhibit 116: Kerry Group Plc - Business segments
• Exhibit 117: Kerry Group Plc - Key offerings
• Exhibit 118: Kerry Group Plc - Segment focus

• 10.10 Sakthi Soyas Ltd 
• Exhibit 119: Sakthi Soyas Ltd - Overview
• Exhibit 120: Sakthi Soyas Ltd - Product / Service
• Exhibit 121: Sakthi Soyas Ltd - Key offerings

• 10.11 Shandong Yuxin Biotechnology Co. Ltd.
• Exhibit 122: Shandong Yuxin Biotechnology Co. Ltd. - Overview
• Exhibit 123: Shandong Yuxin Biotechnology Co. Ltd. - Product / Service
• Exhibit 124: Shandong Yuxin Biotechnology Co. Ltd. - Key offerings

• 10.12 The Scoular Co. 
• Exhibit 125: The Scoular Co. - Overview
• Exhibit 126: The Scoular Co. - Product / Service
• Exhibit 127: The Scoular Co. - Key offerings

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist 
• Exhibit 128: Inclusions checklist
• Exhibit 129: Exclusions checklist

• 11.3 Currency conversion rates for US$ 
• Exhibit 130: Currency conversion rates for US$

• 11.4 Research methodology 
• Exhibit 131: Research methodology
• Exhibit 132: Validation techniques employed for market sizing
• Exhibit 133: Information sources

• 11.5 List of abbreviations 
• Exhibit 134: List of abbreviations

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