Soy
flour is obtained by grinding soybeans. It is rich source of proteins
and is widely used in food industry for preparing bakery products,
confectionaries, baby foods, cereals and pet food as an additive. Soy
flour helps in improving taste as well as texture of the food. Soy
flour is available in supermarkets/ hypermarkets, health food stores,
food cooperatives etc. in bulk and in packaged form. Soy flour is a
source of protein, dietary fiber, isoflavones, iron, vitamins and
potassium which makes it one of the healthy food. Soy flour is
gluten-free product which is preferred by health conscious consumers
as well as by fitness trainers as breakfast cereals. Thus market
demand from food and beverages industry is higher for soy flour.
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Soy
flour is used in many food products to enhance nutritional value of
the product as it is high source of vegan protein, and healthy oils,
which is major factor driving market demand from food manufacturers.
As a result of increasing urbanization and growing population of
working professionals demand for ready-to-eat products is increasing
which is one of the key driver for increasing demand for soy flour in
global market. Gluten-free trend is trending in global food industry
and soy flour is a gluten-free product and have many other health
benefits such as it reduces risk of heart disease, reduce menopausal
symptoms, lowers blood cholesterol etc. these factors are fueling
market demand for soy flour. Soy flour provides bases for soymilk and
textured vegetable which is trending worldwide in turn increasing
market demand for soy flour.
Some
of the key players identified across the value chain of the global
Soy flour market include Archer Daniels Midland Company,
Cargill Incorporated, Vippy Industries Ltd., CHS Inc., Devansoy Inc.,
Sakthi Soyas Limited, Foodchem International Corporation, Unitechem
Co., Ltd., Gushen Group, Harvest Innovations, Kerry Group, Linyi
Shanshong Biological products Co. Ltd., Ruchi Soya Industries Ltd.,
Scoular Food Ingredients Group, Sinoglory Enterprise Group Co. Ltd.,
Victoria Group, Solae LLC, Sonic Biochem, World Food Processing, The
Nisshin OilliO Group, Ltd., Bob's Red Mill Natural Foods etc
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