Soy Flour Market Size, Share, Competitive Landscape, 2032

Market Overview:

The global soy flour market size was valued at USD 6.80 billion in 2024. The market is projected to grow from USD 7.27 billion in 2025 to USD 11.98 billion by 2032, exhibiting a CAGR of 7.40% during the forecast period. Asia Pacific dominated the soy flour market with a market share of 44.41% in 2024.

LIST OF KEY SOY FLOUR COMPANIES PROFILED:

• Cargill Inc. (U.S.)

• ADM (U.S.)

• CHS Inc. (U.S.)

• DuPont (U.S.)

• Wilmar International Ltd (Singapore)

• Foodchem International Corporation (China)

• Sun Nutrafoods (India)

• Seasons International Pvt. Ltd (India)

• American International Foods, Inc. (U.S.)

• Avi Agri Business Limited (India)

Report Coverage:

The report provides a detailed analysis of the worldwide market, using statistics and detailed explanations. It includes expert opinions from interviews with important people, collected through emails, phone calls, and surveys, as well as from official documents and websites. The report uses both detailed and broad methods to give a full understanding of the products.

Soy Flour Market Growth:

The soy flour market is witnessing robust growth, driven by increasing demand for plant-based proteins, health-conscious eating, and gluten-free alternatives. Consumers are turning to soy flour for its high protein content, versatility, and functional benefits in bakery, snacks, and meat substitutes. Rising vegan and vegetarian trends, especially in North America, Europe, and Asia Pacific, are boosting product adoption. Technological advancements in soy processing and the development of non-GMO, clean-label products are further expanding market opportunities. As awareness of sustainable and protein-rich diets grows, the global soy flour market is projected to experience steady expansion in the coming years.

Source: https://www.fortunebusinessinsights.com/soy-flour-market-113436

Soy Flour Market Drivers and Restraints:

Drivers: The soy flour market is driven by rising demand for plant-based proteins, growing health awareness, and increasing popularity of vegan and vegetarian diets. Its use in gluten-free and high-protein products, along with expanding applications in bakery, meat alternatives, and functional foods, fuels market growth. The affordability and nutritional value of soy flour further enhance its appeal.

Restraints: However, market growth is restrained by concerns over soy allergies, the widespread use of genetically modified (GM) soybeans, and fluctuating soybean prices. Additionally, consumer preference for clean-label or non-GMO products may limit adoption in regions with strict food labeling regulations.

Soy Flour Market Regional Insights:

The soy flour market shows strong regional dynamics. North America leads with high demand for plant-based, protein-rich foods, especially in the U.S. Asia Pacific is the fastest-growing region, driven by abundant soy production and rising consumption in China and India. Europe favors non-GMO soy flour due to clean-label preferences and strict regulations. Latin America, with strong soybean cultivation in Brazil and Argentina, is witnessing steady growth. The Middle East & Africa show emerging potential as health awareness and demand for affordable protein sources rise. Across regions, soy flour’s role in bakery, snacks, and meat alternatives continues to support market expansion.

KEY INDUSTRY DEVELOPMENTS:

• September 2024 - Bartlett, a family-owned company, opened a new soybean processing plant in Cherryvale, Kansas. The new plant has the capacity of approximately 49 million bushels of soybeans annually.

• February 2024 – Amfora Inc., a biotechnology company specializing in developing sustainable protein products, launched its ultra-high plant protein products - Amfora Ultra-High Protein Soy flour, Texturized Vegetable Protein, and Crisps to the market.