The modified soy flour market is anticipated to reach USD 85,859 million by 2032, expanding at a CAGR of 3.2% from 2022 to 2032. In addition to being utilised in many industrial goods that contain more than 50% protein, soy flour is employed in a wide range of food products.
The market driver can be attributed to increase in utilisation of soy-derived flour in the processed meals due to nutritional benefits such as trans-fat-free, gluten-free, and whole-grain food products. Furthermore, during the forecasted period 2022-2032, 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.
Because of their hectic schedules, consumers choose packaged foods because they have a longer shelf life. This is due to increased customer demands for baked products, which pushes up bakery and confectionery demand. Additionally, producers are focusing on manufacturing a variety of baked items to improve client demand, hence propelling the Modified Soya Flour Market ahead.
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Key Takeaways from Market Study
- For the period 2022-2032, the Methylcellulose category is expected to grow at the fastest rate of 5percent.
- expanding use of modified soya flour in a number of food applications, the global modified soya flour market is expected to rise at a high rate in Asia Pacific excluding Japan-APEJ.
- During the forecast period of 2022-2032, the organic category is predicted to develop at the fastest rate in terms of value, with a CAGR of 6.5 percent.
- 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.
- Market players are experimenting with new ways on increasing production capacity and also doing research and innovation to create products.
“ The Modified Soya Flour Market is being propelled ahead by rising innovations in the food and beverage sector, as well as rising veganism appeal among the general public.”, –says a lead analyst at Future Market Insights.
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Competitive Landscape
Modified Soya Flour have a strongly competitive global market. The Modified Soya Flour Market is going forward as producers focus on developing a variety of baked items that will enhance customer demand.
Some of the leading companies offering Modified Soya Flour 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.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the Modified Soya Flour presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
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
The report covers exhaustive analysis on:
- How much is the Modified Soya Flour Market current worth?
- At what CAGR is the market expected to grow?
- How was the performance in the last five years?
- What are the key trends boosting Modified Soya Flour Market sales?
- How are market players reacting to the new developments in the market?
- How much share does the top 5 companies hold?
- Which are the major countries driving demand for Modified Soya Flour Market?
- Who are the major players in Modified Soya Flour Market?
- At what rate will the U.S. Modified Soya Flour Market grow?
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How is the plant-based industry transitioning from a niche sector to a mainstream industry? Get the answers in Future Market Insights plant-based market blog!
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