Adoption of Soy Flour Market to Increase During the Forecast Period on back of I

Posted by VISHAL PAHURKAR on March 24th, 2021

Soy Flour Market: Market Outlook

Soy Flour is obtained by grinding roasted soya chunks. Soy flour is highly contained with proteins and is widely used in the food industry for preparing different kinds of products like bakery, confectionery, and pet food. Soy flour is known to be rich in protein content with potassium and minerals for supporting the overall health of the consumers. Soy flour products are also associated with properties that support healthy heart functioning and reduce the risk of heart disease. Soy flour when consumed on daily basis reduced fat and helps control cholesterol.  Thus, with the increasing number of health-conscious consumers, the demand for soy flour is expected to witness a positive growth impact during the forecasted period.

How is the Consumer Driven Vegan Trend Benefitting the Growth of Soy Flour Market?

The vegan diet movement has been led by the consumers owing to the benefits of consuming plant-based products along with preserving animals. With the awareness created by the animal rights organizations as well as animal lovers change has been witnessed in the customer buying behavior which supports animal protection. Soy flour is vegan and considered to be healthier with reduced risk of cancer, reduced risk of diabetes thus encouraging an increased number of vegan consumers to opt for it.

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What are the Factors that may Restrain Growth of Soy Flour Market?

Soy counts amongst one of the most common food allergen products inducing allergies in adults and children. The prevalence of soy allergy among general population is 0.3%. Soy ingested by the allergens may cause respiratory distress, gastrointestinal discomfort, skin reaction, and others. The allergy is treated with vigilant avoidance of food products that has soy ingredients in any form. Thus, with the increasing number of consumers being allergic to soy, the sales for soy flour is expected to hinder and affect the market growth.

How is the Shifting Customer Preference for Gluten-Free Products Supporting the Market Growth for Soy Flour?

Customer preferences have been influenced by the growing rate of consumers being affected by various diseases like celiac, infertility, neurological disorder due to the consumption of gluten. With celiac disease becoming more prevalent the consumption of gluten-free food items is rising and this very reason can prove to increase the market for soy flour. Claimed benefits like improving health, increased energy, and weight loss coupled with consumers being allergic to gluten-rich products like wheat and other grains are increasing, thus driving market for gluten-free product like soy flour.

Will the Application of Soy Flour in Bakery Industry Propel Growth for the Market?

The bakery industry is witnessing increased demand attributable to changing inclination among buyers toward cutting edge prepared food items. Interest for the bakery products is additionally increasing exponentially around the world, as they are accessible, instant, and heavenly delicious food item. The urbanization and popularity for decadent food items are the key components driving the development of the bakery industry. Increasing working populace and rising disposable income have prompted increased consumption of prepared and ready-to-eat food items, for example, cakes, pies and baked goods.

The nutritional value in soy flour including trans-fat free, gluten-free, and whole-grain products is increasing its acceptance in processed baked items. Soy flour is also associated with properties like adding moisture content and amplifying the protein content of food products. Increased demand for cakes, donuts, pies, and bread is expected to expand the application of soy flour in the bakery industry during the forecast period.

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VISHAL PAHURKAR

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VISHAL PAHURKAR
Joined: February 24th, 2020
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