The Latin America, Middle East and Africa Soy Flour Market would witness market growth of 15.3% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 21,714.0 tonnes, showcasing a growth of 13.3% (2024-2031).
Direct sales channels involve manufacturers or distributors selling soy flour directly to consumers, often through specialized events, health fairs, or direct-to-consumer platforms. This approach allows for personalized customer interactions and education about the benefits of soy flour. Advantages include better profit margins for producers and a more direct connection with health-focused consumers. As interest in plant-based diets grows, direct sales are becoming a valuable channel for promoting soy flour, especially among niche markets that prioritize sustainable and healthy ingredients. Therefore, in Brazil, 1,879.41 tonnes of soy flour is expected to be sold through direct sales by the year 2031.
The Brazil market dominated the LAMEA Soy Flour Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $178.4 million by 2031. The Argentina market is registering a CAGR of 16.1% during (2024 - 2031). Additionally, The UAE market would obtain a CAGR of 14.4% during (2024 - 2031).
Food manufacturers increasingly incorporate soy flour into their product lines to enhance nutritional profiles. This leads to its widespread adoption in various food products such as snacks, baked goods, and dairy alternatives. Health organizations and nutritionists promote soy products, including soy flour, for their health benefits, contributing to increased adoption among consumers who trust these endorsements.
The rise of functional foods that offer specific health benefits has led to a greater adoption of soy flour, as it can be easily integrated into products designed for weight management, muscle recovery, and overall wellness. Culinary schools and workshops increasingly incorporate soy flour into their curricula, raising awareness of its uses and benefits among aspiring chefs and home cooks and fostering broader adoption.
Saudi Arabia’s Vision 2030 initiative emphasizes economic diversification and food security. The government is investing in sustainable agricultural practices and local food production. This focus encourages the use of soy flour, a versatile ingredient that can be produced locally, reducing dependence on imported goods and supporting national food security goals. Saudi Arabia’s Vision 2030 aims to enhance food security and diversify the economy. The government has invested in initiatives to promote local agriculture, which includes soy cultivation. For instance, projects like King Abdulaziz City for Science and Technology (KACST) focus on agricultural research to develop sustainable practices for local soy production, indirectly boosting the soy flour market.
With increasing consumers pursuing gluten-free diets due to health concerns or dietary requirements, soy flour offers a viable alternative to wheat flour. Its gluten-free nature makes it suitable for a wide range of baked goods and food products, contributing to its increased demand in the Saudi market. With rising awareness of gluten sensitivity, many bakeries in Saudi Arabia, like Froosh and Baked By K, have started offering gluten-free products made with soy flour. These bakeries cater to consumers seeking wheat flour alternatives, expanding the soy flour-based gluten-free product market. Thus, the above factors are driving the growth of the market.
Free Valuable Insights: The Worldwide Soy Flour Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- HDDES Group
- Ceylon Spice Company
- Elite Spice Inc.
- McCormick & Company, Inc.
- SDS Spices Pvt Ltd.
- Archer Daniels Midland Company
- Foodchem International Corporation
- Bob’s Red Mill Natural Foods, Inc.
- CHS Inc.
- The Scoular Company
LAMEA Soy Flour Market Report Segmentation
By Type (Volume, Tonnes, USD Billion, 2020-2031)
By Application (Volume, Tonnes, USD Billion, 2020-2031)
- Bakery & Confectionery
- Meat Substitute
- Soup & Sausages
- Meat & Poultry
- Other Applications
By Distribution Channel (Volume, Tonnes, USD Billion, 2020-2031)
- Online Stores
- Convenience Stores
- Departmental Store
- Direct Sales
- Other Distribution Channels
By Country (Volume, Tonnes, USD Billion, 2020-2031)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
TABLE 1 LAMEA Soy Flour Market, 2020 - 2023, USD Million
TABLE 2 LAMEA Soy Flour Market, 2024 - 2031, USD Million
TABLE 3 LAMEA Soy Flour Market, 2020 - 2023, Tonnes
TABLE 4 LAMEA Soy Flour Market, 2024 - 2031, Tonnes
TABLE 5 LAMEA Soy Flour Market by Type, 2020 - 2023, USD Million
TABLE 6 LAMEA Soy Flour Market by Type, 2024 - 2031, USD Million
TABLE 7 LAMEA Soy Flour Market by Type, 2020 - 2023, Tonnes
TABLE 8 LAMEA Soy Flour Market by Type, 2024 - 2031, Tonnes
TABLE 9 LAMEA Defatted Market by Country, 2020 - 2023, USD Million
TABLE 10 LAMEA Defatted Market by Country, 2024 - 2031, USD Million
TABLE 11 LAMEA Defatted Market by Country, 2020 - 2023, Tonnes
TABLE 12 LAMEA Defatted Market by Country, 2024 - 2031, Tonnes
TABLE 13 LAMEA Full-fat Market by Country, 2020 - 2023, USD Million
TABLE 14 LAMEA Full-fat Market by Country, 2024 - 2031, USD Million
TABLE 15 LAMEA Full-fat Market by Country, 2020 - 2023, Tonnes
TABLE 16 LAMEA Full-fat Market by Country, 2024 - 2031, Tonnes
TABLE 17 LAMEA Soy Flour Market by Application, 2020 - 2023, USD Million
TABLE 18 LAMEA Soy Flour Market by Application, 2024 - 2031, USD Million
TABLE 19 LAMEA Soy Flour Market by Application, 2020 - 2023, Tonnes
TABLE 20 LAMEA Soy Flour Market by Application, 2024 - 2031, Tonnes
TABLE 21 LAMEA Bakery & Confectionery Market by Country, 2020 - 2023, USD Million
TABLE 22 LAMEA Bakery & Confectionery Market by Country, 2024 - 2031, USD Million
TABLE 23 LAMEA Bakery & Confectionery Market by Country, 2020 - 2023, Tonnes
TABLE 24 LAMEA Bakery & Confectionery Market by Country, 2024 - 2031, Tonnes
TABLE 25 LAMEA Meat Substitute Market by Country, 2020 - 2023, USD Million
TABLE 26 LAMEA Meat Substitute Market by Country, 2024 - 2031, USD Million
TABLE 27 LAMEA Meat Substitute Market by Country, 2020 - 2023, Tonnes
TABLE 28 LAMEA Meat Substitute Market by Country, 2024 - 2031, Tonnes
TABLE 29 LAMEA Soup & Sausages Market by Country, 2020 - 2023, USD Million
TABLE 30 LAMEA Soup & Sausages Market by Country, 2024 - 2031, USD Million
TABLE 31 LAMEA Soup & Sausages Market by Country, 2020 - 2023, Tonnes
TABLE 32 LAMEA Soup & Sausages Market by Country, 2024 - 2031, Tonnes
TABLE 33 LAMEA Meat & Poultry Market by Country, 2020 - 2023, USD Million
TABLE 34 LAMEA Meat & Poultry Market by Country, 2024 - 2031, USD Million
TABLE 35 LAMEA Meat & Poultry Market by Country, 2020 - 2023, Tonnes
TABLE 36 LAMEA Meat & Poultry Market by Country, 2024 - 2031, Tonnes
TABLE 37 LAMEA Other Applications Market by Country, 2020 - 2023, USD Million
TABLE 38 LAMEA Other Applications Market by Country, 2024 - 2031, USD Million
TABLE 39 LAMEA Other Applications Market by Country, 2020 - 2023, Tonnes
TABLE 40 LAMEA Other Applications Market by Country, 2024 - 2031, Tonnes
TABLE 41 LAMEA Soy Flour Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 42 LAMEA Soy Flour Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 43 LAMEA Soy Flour Market by Distribution Channel, 2020 - 2023, Tonnes
TABLE 44 LAMEA Soy Flour Market by Distribution Channel, 2024 - 2031, Tonnes
TABLE 45 LAMEA Online Stores Market by Country, 2020 - 2023, USD Million
TABLE 46 LAMEA Online Stores Market by Country, 2024 - 2031, USD Million
TABLE 47 LAMEA Online Stores Market by Country, 2020 - 2023, Tonnes
TABLE 48 LAMEA Online Stores Market by Country, 2024 - 2031, Tonnes
TABLE 49 LAMEA Convenience Stores Market by Country, 2020 - 2023, USD Million
TABLE 50 LAMEA Convenience Stores Market by Country, 2024 - 2031, USD Million
TABLE 51 LAMEA Convenience Stores Market by Country, 2020 - 2023, Tonnes
TABLE 52 LAMEA Convenience Stores Market by Country, 2024 - 2031, Tonnes
TABLE 53 LAMEA Departmental Store Market by Country, 2020 - 2023, USD Million
TABLE 54 LAMEA Departmental Store Market by Country, 2024 - 2031, USD Million
TABLE 55 LAMEA Departmental Store Market by Country, 2020 - 2023, Tonnes
TABLE 56 LAMEA Departmental Store Market by Country, 2024 - 2031, Tonnes
TABLE 57 LAMEA Direct Sales Market by Country, 2020 - 2023, USD Million
TABLE 58 LAMEA Direct Sales Market by Country, 2024 - 2031, USD Million
TABLE 59 LAMEA Direct Sales Market by Country, 2020 - 2023, Tonnes
TABLE 60 LAMEA Direct Sales Market by Country, 2024 - 2031, Tonnes
TABLE 61 LAMEA Other Distribution Channels Market by Country, 2020 - 2023, USD Million
TABLE 62 LAMEA Other Distribution Channels Market by Country, 2024 - 2031, USD Million
TABLE 63 LAMEA Other Distribution Channels Market by Country, 2020 - 2023, Tonnes
TABLE 64 LAMEA Other Distribution Channels Market by Country, 2024 - 2031, Tonnes
TABLE 65 LAMEA Soy Flour Market by Country, 2020 - 2023, USD Million
TABLE 66 LAMEA Soy Flour Market by Country, 2024 - 2031, USD Million
TABLE 67 LAMEA Soy Flour Market by Country, 2020 - 2023, Tonnes
TABLE 68 LAMEA Soy Flour Market by Country, 2024 - 2031, Tonnes
TABLE 69 Brazil Soy Flour Market, 2020 - 2023, USD Million
TABLE 70 Brazil Soy Flour Market, 2024 - 2031, USD Million
TABLE 71 Brazil Soy Flour Market, 2020 - 2023, Tonnes
TABLE 72 Brazil Soy Flour Market, 2024 - 2031, Tonnes
TABLE 73 Brazil Soy Flour Market by Type, 2020 - 2023, USD Million
TABLE 74 Brazil Soy Flour Market by Type, 2024 - 2031, USD Million
TABLE 75 Brazil Soy Flour Market by Type, 2020 - 2023, Tonnes
TABLE 76 Brazil Soy Flour Market by Type, 2024 - 2031, Tonnes
TABLE 77 Brazil Soy Flour Market by Application, 2020 - 2023, USD Million
TABLE 78 Brazil Soy Flour Market by Application, 2024 - 2031, USD Million
TABLE 79 Brazil Soy Flour Market by Application, 2020 - 2023, Tonnes
TABLE 80 Brazil Soy Flour Market by Application, 2024 - 2031, Tonnes
TABLE 81 Brazil Soy Flour Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 82 Brazil Soy Flour Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 83 Brazil Soy Flour Market by Distribution Channel, 2020 - 2023, Tonnes
TABLE 84 Brazil Soy Flour Market by Distribution Channel, 2024 - 2031, Tonnes
TABLE 85 Argentina Soy Flour Market, 2020 - 2023, USD Million
TABLE 86 Argentina Soy Flour Market, 2024 - 2031, USD Million
TABLE 87 Argentina Soy Flour Market, 2020 - 2023, Tonnes
TABLE 88 Argentina Soy Flour Market, 2024 - 2031, Tonnes
TABLE 89 Argentina Soy Flour Market by Type, 2020 - 2023, USD Million
TABLE 90 Argentina Soy Flour Market by Type, 2024 - 2031, USD Million
TABLE 91 Argentina Soy Flour Market by Type, 2020 - 2023, Tonnes
TABLE 92 Argentina Soy Flour Market by Type, 2024 - 2031, Tonnes
TABLE 93 Argentina Soy Flour Market by Application, 2020 - 2023, USD Million
TABLE 94 Argentina Soy Flour Market by Application, 2024 - 2031, USD Million
TABLE 95 Argentina Soy Flour Market by Application, 2020 - 2023, Tonnes
TABLE 96 Argentina Soy Flour Market by Application, 2024 - 2031, Tonnes
TABLE 97 Argentina Soy Flour Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 98 Argentina Soy Flour Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 99 Argentina Soy Flour Market by Distribution Channel, 2020 - 2023, Tonnes
TABLE 100 Argentina Soy Flour Market by Distribution Channel, 2024 - 2031, Tonnes
TABLE 101 UAE Soy Flour Market, 2020 - 2023, USD Million
TABLE 102 UAE Soy Flour Market, 2024 - 2031, USD Million
TABLE 103 UAE Soy Flour Market, 2020 - 2023, Tonnes
TABLE 104 UAE Soy Flour Market, 2024 - 2031, Tonnes
TABLE 105 UAE Soy Flour Market by Type, 2020 - 2023, USD Million
TABLE 106 UAE Soy Flour Market by Type, 2024 - 2031, USD Million
TABLE 107 UAE Soy Flour Market by Type, 2020 - 2023, Tonnes
TABLE 108 UAE Soy Flour Market by Type, 2024 - 2031, Tonnes
TABLE 109 UAE Soy Flour Market by Application, 2020 - 2023, USD Million
TABLE 110 UAE Soy Flour Market by Application, 2024 - 2031, USD Million
TABLE 111 UAE Soy Flour Market by Application, 2020 - 2023, Tonnes
TABLE 112 UAE Soy Flour Market by Application, 2024 - 2031, Tonnes
TABLE 113 UAE Soy Flour Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 114 UAE Soy Flour Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 115 UAE Soy Flour Market by Distribution Channel, 2020 - 2023, Tonnes
TABLE 116 UAE Soy Flour Market by Distribution Channel, 2024 - 2031, Tonnes
TABLE 117 Saudi Arabia Soy Flour Market, 2020 - 2023, USD Million
TABLE 118 Saudi Arabia Soy Flour Market, 2024 - 2031, USD Million
TABLE 119 Saudi Arabia Soy Flour Market, 2020 - 2023, Tonnes
TABLE 120 Saudi Arabia Soy Flour Market, 2024 - 2031, Tonnes
TABLE 121 Saudi Arabia Soy Flour Market by Type, 2020 - 2023, USD Million
TABLE 122 Saudi Arabia Soy Flour Market by Type, 2024 - 2031, USD Million
TABLE 123 Saudi Arabia Soy Flour Market by Type, 2020 - 2023, Tonnes
TABLE 124 Saudi Arabia Soy Flour Market by Type, 2024 - 2031, Tonnes
TABLE 125 Saudi Arabia Soy Flour Market by Application, 2020 - 2023, USD Million
TABLE 126 Saudi Arabia Soy Flour Market by Application, 2024 - 2031, USD Million
TABLE 127 Saudi Arabia Soy Flour Market by Application, 2020 - 2023, Tonnes
TABLE 128 Saudi Arabia Soy Flour Market by Application, 2024 - 2031, Tonnes
TABLE 129 Saudi Arabia Soy Flour Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 130 Saudi Arabia Soy Flour Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 131 Saudi Arabia Soy Flour Market by Distribution Channel, 2020 - 2023, Tonnes
TABLE 132 Saudi Arabia Soy Flour Market by Distribution Channel, 2024 - 2031, Tonnes
TABLE 133 South Africa Soy Flour Market, 2020 - 2023, USD Million
TABLE 134 South Africa Soy Flour Market, 2024 - 2031, USD Million
TABLE 135 South Africa Soy Flour Market, 2020 - 2023, Tonnes
TABLE 136 South Africa Soy Flour Market, 2024 - 2031, Tonnes
TABLE 137 South Africa Soy Flour Market by Type, 2020 - 2023, USD Million
TABLE 138 South Africa Soy Flour Market by Type, 2024 - 2031, USD Million
TABLE 139 South Africa Soy Flour Market by Type, 2020 - 2023, Tonnes
TABLE 140 South Africa Soy Flour Market by Type, 2024 - 2031, Tonnes
TABLE 141 South Africa Soy Flour Market by Application, 2020 - 2023, USD Million
TABLE 142 South Africa Soy Flour Market by Application, 2024 - 2031, USD Million
TABLE 143 South Africa Soy Flour Market by Application, 2020 - 2023, Tonnes
TABLE 144 South Africa Soy Flour Market by Application, 2024 - 2031, Tonnes
TABLE 145 South Africa Soy Flour Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 146 South Africa Soy Flour Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 147 South Africa Soy Flour Market by Distribution Channel, 2020 - 2023, Tonnes
TABLE 148 South Africa Soy Flour Market by Distribution Channel, 2024 - 2031, Tonnes
TABLE 149 Nigeria Soy Flour Market, 2020 - 2023, USD Million
TABLE 150 Nigeria Soy Flour Market, 2024 - 2031, USD Million
TABLE 151 Nigeria Soy Flour Market, 2020 - 2023, Tonnes
TABLE 152 Nigeria Soy Flour Market, 2024 - 2031, Tonnes
TABLE 153 Nigeria Soy Flour Market by Type, 2020 - 2023, USD Million
TABLE 154 Nigeria Soy Flour Market by Type, 2024 - 2031, USD Million
TABLE 155 Nigeria Soy Flour Market by Type, 2020 - 2023, Tonnes
TABLE 156 Nigeria Soy Flour Market by Type, 2024 - 2031, Tonnes
TABLE 157 Nigeria Soy Flour Market by Application, 2020 - 2023, USD Million
TABLE 158 Nigeria Soy Flour Market by Application, 2024 - 2031, USD Million
TABLE 159 Nigeria Soy Flour Market by Application, 2020 - 2023, Tonnes
TABLE 160 Nigeria Soy Flour Market by Application, 2024 - 2031, Tonnes
TABLE 161 Nigeria Soy Flour Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 162 Nigeria Soy Flour Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 163 Nigeria Soy Flour Market by Distribution Channel, 2020 - 2023, Tonnes
TABLE 164 Nigeria Soy Flour Market by Distribution Channel, 2024 - 2031, Tonnes
TABLE 165 Rest of LAMEA Soy Flour Market, 2020 - 2023, USD Million
TABLE 166 Rest of LAMEA Soy Flour Market, 2024 - 2031, USD Million
TABLE 167 Rest of LAMEA Soy Flour Market, 2020 - 2023, Tonnes
TABLE 168 Rest of LAMEA Soy Flour Market, 2024 - 2031, Tonnes
TABLE 169 Rest of LAMEA Soy Flour Market by Type, 2020 - 2023, USD Million
TABLE 170 Rest of LAMEA Soy Flour Market by Type, 2024 - 2031, USD Million
TABLE 171 Rest of LAMEA Soy Flour Market by Type, 2020 - 2023, Tonnes
TABLE 172 Rest of LAMEA Soy Flour Market by Type, 2024 - 2031, Tonnes
TABLE 173 Rest of LAMEA Soy Flour Market by Application, 2020 - 2023, USD Million
TABLE 174 Rest of LAMEA Soy Flour Market by Application, 2024 - 2031, USD Million
TABLE 175 Rest of LAMEA Soy Flour Market by Application, 2020 - 2023, Tonnes
TABLE 176 Rest of LAMEA Soy Flour Market by Application, 2024 - 2031, Tonnes
TABLE 177 Rest of LAMEA Soy Flour Market by Distribution Channel, 2020 - 2023, USD Million
TABLE 178 Rest of LAMEA Soy Flour Market by Distribution Channel, 2024 - 2031, USD Million
TABLE 179 Rest of LAMEA Soy Flour Market by Distribution Channel, 2020 - 2023, Tonnes
TABLE 180 Rest of LAMEA Soy Flour Market by Distribution Channel, 2024 - 2031, Tonnes
TABLE 181 Key Information – HDDES Group
TABLE 182 Key Information – Ceylon Spice Company
TABLE 183 Key Information – Elite Spice Inc.
TABLE 184 Key Information – McCormick & Company, Inc.
TABLE 185 Key Information – SDS Spices (Private) Limited
TABLE 186 Key Information – Archer Daniels Midland Company
TABLE 187 Key Information – Foodchem International Corporation
TABLE 188 Key information –Bob’s Red Mill Natural Foods, Inc.
TABLE 189 Key Information – CHS Inc.
TABLE 190 Key Information – The Scoular Company
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Soy Flour Market, 2020 - 2031, USD Million
FIG 3 Key Factors Impacting Soy Flour Market
FIG 4 Porter’s Five Forces Analysis – Soy Flour Market
FIG 5 LAMEA Soy Flour Market share by Type, 2023
FIG 6 LAMEA Soy Flour Market share by Type, 2031
FIG 7 LAMEA Soy Flour Market by Type, 2020 - 2031, USD Million
FIG 8 LAMEA Soy Flour Market share by Application, 2023
FIG 9 LAMEA Soy Flour Market share by Application, 2031
FIG 10 LAMEA Soy Flour Market by Application, 2020 - 2031, USD Million
FIG 11 LAMEA Soy Flour Market share by Distribution Channel, 2023
FIG 12 LAMEA Soy Flour Market share by Distribution Channel, 2031
FIG 13 LAMEA Soy Flour Market by Distribution Channel, 2020 - 2031, USD Million
FIG 14 LAMEA Soy Flour Market share by Country, 2023
FIG 15 LAMEA Soy Flour Market share by Country, 2031
FIG 16 LAMEA Soy Flour Market by Country, 2020 - 2031, USD Million
FIG 17 SWOT Analysis: McCormick & Company, Inc.
FIG 18 SWOT Analysis: Archer Daniels Midland Company
FIG 19 Swot Analysis: Foodchem International Corporation
FIG 20 SWOT Analysis: Chs Inc.