Modified Soya Flour Market Is Expected To Reach $4.29 Billion By 2032

Zion Market Research has published a new report titled “Modified Soya Flour Market by Ingredient (Succinic Acid, Phosphorus Chemicals, Carboxymethyl Cellulose (CMC), Methylcellulose, Microcrystalline Cellulose (MCC), and Activated Carbon), by Application (Packaged Food, Soups, Extruded Snacks, Bakery and Confectionery, and Others), and by Sales Channel (Online Stores, Convenience Stores, Departmental Stores, Modern Trade, Direct Sales, and Others), And By Region: Global Industry Perspective, Comprehensive Analysis And Forecast, 2024-2032”. According to the report, the global modified soya flour market was valued at approximately USD 3.07 Billion in 2023 and is predicted to reach USD 4.29 Billion Billion by the end of 2032. The market is expected to grow with a CAGR of 3.8% during the forecast period.

Modified soya flour is used as a binder in several food items. This flour is characterized by its solubility and absorption properties. The popularity of the modified soya flour market globally can be attributed to soya flour’s beneficial characteristics and various health benefits.

Browse the full “Modified Soya Flour Market by Ingredient (Succinic Acid, Phosphorus Chemicals, Carboxymethyl Cellulose (CMC), Methylcellulose, Microcrystalline Cellulose (MCC), and Activated Carbon), by Application (Packaged Food, Soups, Extruded Snacks, Bakery and Confectionery, and Others), and by Sales Channel (Online Stores, Convenience Stores, Departmental Stores, Modern Trade, Direct Sales, and Others), And By Region: Global Industry Perspective, Comprehensive Analysis And Forecast, 2024-2032?” Report at https://www.zionmarketresearch.com/report/modified-soya-flour-market

Soya flour is utilized in different food items to enhance their nutritional value. Soya is considered as a primary and vegan source of protein and healthy oil. This is likely to primarily support the modified soya flour market globally in the future. On the other hand, growing urbanization, increasing working population, and rising demand for ready-to-go meals are other major factors anticipated to drive the modified soya flour market globally over the estimated timespan. Few years down the line, modified flours are likely to witness a lucrative demand as compared to conventional flours.

However, high prices, low consumer awareness, and complexities in the global modified flour supply chain activities may restrict this market’s growth in the future. On the other hand, several health benefits of modified soya flour, such as lowered blood cholesterol, reduced menopausal symptoms, etc. are expected to provide growth opportunities for the modified soya flour market over the estimated timeframe.  

By ingredient, the global modified soya flour market is segmented into succinic acid, phosphorus chemicals, carboxymethyl cellulose (CMC), methylcellulose, microcrystalline cellulose (MCC), and activated carbon. The activated carbon segment is expected to grow rapidly in the future due to the increasing product adoption.

By application, the modified soya flour market is segmented into packaged food, soups, extruded snacks, bakery and confectionery, and others. Extruded snacks are likely to grow considerably in the years ahead due to the increased product demand by end-users. By the sales channel, the market includes online stores, convenience stores, departmental stores, modern trade, direct sales, and others.

By region, Asia Pacific was the largest market for modified soya flour in 2018 and held the highest market share in terms of both revenue and volume. This regional growth can be attributed to the rapid urbanization and growing population across the region, particularly in developing economies, such as China and India.

Global Modified Soya Flour Market: Competitive Players and Segments

Some main participants of the modified soya flour market are

• The Hain Celestial
• Parrish and Heimbecker
• Archer Daniels Midland Company
• Cargill Incorporated
• Associated British Foods
• The Scoular Company
• General Mills Inc
• Bunge Limited
• ConAgra Foods Inc
• The Caremoli Group
• ITC Limited
• Unicorn Grain Specialties
• Ingredion Inc
• SunOpta
• Buhler

This report segments the global modified soya flour market into:

Global Modified Soya Flour Market: Ingredient Analysis

• Succinic Acid
• Phosphorus Chemicals
• Carboxymethyl Cellulose (CMC)
• Methylcellulose
• Microcrystalline Cellulose (MCC)
• Activated Carbon

Global Modified Soya Flour Market: Application Analysis

• Packaged Food
• Soups
• Extruded Snacks
• Bakery and Confectionery
• Others

Global Modified Soya Flour Market: Sales Channel Segment Analysis

• Online Stores
• Convenience Stores
• Departmental Stores
• Modern Trade
• Direct Sales
• Others 

Global Modified Soya Flour Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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