The Asia Pacific Soy Flour Market would witness market growth of 14.1% CAGR during the forecast period (2024-2031). In the year 2022, the Asia Pacific market's volume surged to 234,507.0 tonnes, showcasing a growth of 12.1% (2020-2023).
Departmental stores provide a platform for soy flour sales, often featuring dedicated sections for health foods and organic products. These stores appeal to a broad customer base, offering various brands and types of soy flour to meet diverse dietary needs. Advantages include the opportunity for customers to physically inspect products and the ability to purchase soy flour alongside other grocery items. Hence, in China, 30,130.90 tonnes of Soy Flour is expected to be sold through Departmental store by the year 2031.
The China market dominated the Asia Pacific Soy Flour Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,010.9 million by 2031. The Japan market is exhibiting a CAGR of 13.3% during (2024 - 2031). Additionally, The India market would witness a CAGR of 14.9% during (2024 - 2031).
In plant-based dairy alternatives (like yogurt and cheese), soy flour acts as an emulsifier, helping to stabilize and create a creamy texture without animal-derived ingredients. Soy flour is often used in traditional Asian recipes, such as making tofu and tempeh, playing a crucial role in producing these protein-rich staples. As the pet food industry increasingly emphasizes high-quality ingredients, soy flour is a protein source in pet foods, promoting better pet nutrition.
The adoption of soy flour has been influenced by several factors, including changing dietary preferences, health awareness, and the growing prevalence of vegetarian and vegan diets. As consumers become more aware of the health benefits of plant-based proteins, including reduced cholesterol and heart health support, the adoption of soy flour has increased among health-conscious individuals looking to enhance their diets. The rise in gluten intolerance and celiac disease has spurred the adoption of soy flour as a key ingredient in gluten-free products, providing texture and nutrition that cater to this demographic. With growing concerns about the environmental impact of meat production, soy flour is being adopted as a sustainable alternative, appealing to consumers who prioritize environmentally friendly food choices.
Soy flour is becoming increasingly popular as a plant-based protein source in China due to consumers' growing emphasis on health and nutrition. Soy products' health benefits, such as lowering cholesterol levels and providing essential amino acids, resonate with health-conscious consumers. The food sector’s emphasis on developing healthier food options presents significant growth opportunities for soy flour, as it can be incorporated into various products to promote health and wellness.
Collaboration between soy flour producers and food manufacturers will likely strengthen as the food sector expands. Partnerships can lead to developing new applications for soy flour and help manufacturers better understand market trends and consumer preferences. Such collaborations can further boost the visibility and usage of soy flour in various food products, driving demand in the market. Therefore, the rising food industry and expansion of the retail sector are driving the market's growth.
Free Valuable Insights: The Global Soy Flour Market is Predict to reach USD 8.8 Billion by 2031, at a CAGR of 13.7%
Based on Type, the market is segmented into Defatted and Full-fat. Based on Application, the market is segmented into Bakery & Confectionery, Meat Substitute, Soup & Sausages, Meat & Poultry, Other Applications. Based on Distribution Channel, the market is segmented into Online Stores, Convenience Stores, Departmental Store, Direct Sales, and Other Distribution Channels. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia, Malaysia, and Rest of Asia Pacific.
By Type (Volume, Tonnes, USD Billion, 2020-2031)
By Application (Volume, Tonnes, USD Billion, 2020-2031)
By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)
By Country (Volume, Tonnes, USD Billion, 2020-2031)
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