ALBANY, New York, August 4, 2017 – The soy flour market is envisaged to increase demand from food manufacturers with rising application in various food products for improving their nutritional value. A market intelligence report compiled by Transparency Market Research (TMR) prognosticates the market to be classified according to application as per the usage of soy flour in foods such as pet diets, food additives, dried milk, and bakery products. However, there could be more factors responsible for the rise of the market in the coming years.
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Over the course of the forecast timeframe 2017–2025, the pet food market for soy flour is anticipated to showcase an elevating growth level due to the surging demand for healthy and protein-based pet foods. Nutritional enhancement could be one of the powerful growth factors auguring significantly well for the world soy flour market. Food products such as dairy items, instant mixes, and soups could commonly include soy flour to enhance their nutritional value.
Another effective driving force of the world soy flour market could be the magnifying interest in soy flour displayed by health-conscious consumers. Soy flour could also be used during the preparation of gluten-free breads and other bakery products. Furthermore, other products such as diet foods, baby foods, ready-to-eat products, breakfast cereals, and meat products are expected to demand the application of soy flour.
Food manufacturers could increase the demand for soy flour considering its property to hike up the nutritional value of food products while playing the role of a high source of healthy oils as well as vegan protein. The demand for ready-to-eat food products is foreseen to inflate in future with the rise of the working population and urbanization. As a result, the demand for soy flour could also increase.
Health benefits of using world soy flour as a gluten-free product are prophesied to set the tone for a strong growth in the soy flour market. These could be lowered blood cholesterol, reduced menopausal symptoms, and controlled risk of heart disease. The growing trend of textured vegetables and soymilk could also prove vital for the growth of the world soy flour market. Soy flour could provide bases for such trending food products.
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In view of regional analysis, the international soy flour market is envisioned to gain an unwavering impetus from the success of North America riding on a higher consumption level. On the production volume front, Brazil in Latin America and the U.S. in North America could contribute a massive share to the market. India and China in Asia Pacific are projected to up the growth rate of the market on the basis of production.
Key companies such as Devansoy, Inc., CHS, Inc., Vippy Industries Ltd., Cargill Incorporated, and Archer Daniels Midland Company are forecasted to showcase a fighting fit status in the worldwide soy flour market.
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