Market Overview:
The global soy flakes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for plant-based proteins, increasing awareness about the health benefits of soy flakes, and growing demand for organic soy flakes. The global soy flakes market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into organic soy flakes and conventional soy flakes. The organic Soy Flakes segment is projected to grow at a higher CAGR than that of conventional Soy Flakes during the forecast period from 2018 to 2030 owing to its health benefits over conventionally grown crops. On the basis of application,the global Soy Flakes Market is divided into baked goods, soya nuggets/burgers/patties/balls etc., soya sauce & other sauces (e.g., oyster sauce), soya granules (textured vegetable protein), infant formula & other food products (e.g., energy bars), dietary supplements & others (including pet foods).
Product Definition:
Soy flakes are thin, flat pieces of dried soybeans. They are made by pressing whole soybeans through a mill that breaks them into thin flakes. Soy flakes can be used as a meat substitute in recipes, or they can be rehydrated and used in soups or stews.
Organic Soy Flakes:
Organic soy flakes are the processed product derived from soybean. It is a type of protein food made by dry processing of soybeans with the help of solvent extraction process. The major function performed by organic soy flakes is to act as an excellent source of protein for human body and also helps in maintaining ideal weight along with reducing cholesterol level in the body, which further helps to prevent heart diseases and cancer.
Conventional Soy Flakes:
Soy flakes are the processed form of soybean. It is a by-product obtained from the extraction of soy oil. Soy flakes are basically used as an alternative to bread crumbs in various food products such as meat analogues, ready-to-eat foods, and bakery products among others. The growing demand for baked goods that contain high protein content is expected to drive market growth over the forecast period.
Application Insights:
Soya flakes are used as an ingredient in the preparation of various foods and beverages, including soya sauce, baked goods, soy nuggets, and granules. Soya sauce is expected to be the fastest growing application segment over the forecast period owing to its extensive use in Chinese cuisine. Soy sauce made from fermented soya beans has a longer shelf life than other types of soy sauces which makes it suitable for industrial purposes. The product is also used as a table condiment or seasoning agent in many food products such as meat dishes and seafoods.
The demand for baked goods using soya flakes will increase with rising consumer awareness regarding gluten-free diet options coupled with increasing consumption of health promoting bakery products across various regions globally.
Regional Analysis:
North America was the largest market for soy flakes, accounting for more than 35.0% share of the global revenue in 2017. Growing health awareness among consumers is one of the major factors driving demand in this region. The U.S., being a developed economy, has a high level of consumer awareness regarding healthy lifestyles and food preferences which is expected to have a positive impact on industry growth over the forecast period.
Asia Pacific is anticipated to be one of the fastest-growing markets with an estimated CAGR exceeding 5% from 2018 to 2030 owing to increasing consumption levels coupled with rising population health consciousness in emerging economies including China and India as well as other Southeast Asian countries such as Indonesia.
Growth Factors:
- Increasing demand for plant-based proteins in the global food industry is expected to drive the soy flakes market growth over the forecast period.
- Rising awareness about the health benefits of soy flakes is another key factor that is anticipated to fuel market growth.
- Growing demand for convenience foods, especially among working women and young adults, is projected to boost soy flakes market growth in the near future.
- The increasing popularity of veganism and vegetarianism is also anticipated to create new opportunities for players operating in this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Soy Flakes Market Research Report
By Type
Organic Soy Flakes, Conventional Soy Flakes
By Application
Baked Goods, Soya Nugget, Soya Sauce, Soya Granules, Others
By Companies
CHS, Harvest Innovations, Tianwei Biotechnology, Vippy Industries, Sonic Biochem, Sakthi Soyas, GuShen Group, ...
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Soy Flakes Market Report Segments:
The global Soy Flakes market is segmented on the basis of:
Types
Organic Soy Flakes, Conventional Soy Flakes
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Baked Goods, Soya Nugget, Soya Sauce, Soya Granules, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CHS
- Harvest Innovations
- Tianwei Biotechnology
- Vippy Industries
- Sonic Biochem
- Sakthi Soyas
- GuShen Group
- ...
Highlights of The Soy Flakes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Organic Soy Flakes
- Conventional Soy Flakes
- By Application:
- Baked Goods
- Soya Nugget
- Soya Sauce
- Soya Granules
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Soy Flakes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Soy flakes are a type of soy protein concentrate that is made from ground soybeans. Soy flakes are often used as an ingredient in food products, such as cereals and baking mixes.
Some of the key players operating in the soy flakes market are CHS, Harvest Innovations, Tianwei Biotechnology, Vippy Industries, Sonic Biochem, Sakthi Soyas, GuShen Group.
The soy flakes market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Soy Flakes Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Soy Flakes Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Soy Flakes Market - Supply Chain
4.5. Global Soy Flakes Market Forecast
4.5.1. Soy Flakes Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Soy Flakes Market Size (000 Units) and Y-o-Y Growth
4.5.3. Soy Flakes Market Absolute $ Opportunity
5. Global Soy Flakes Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Soy Flakes Market Size and Volume Forecast by Type
5.3.1. Organic Soy Flakes
5.3.2. Conventional Soy Flakes
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Soy Flakes Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Soy Flakes Market Size and Volume Forecast by Application
6.3.1. Baked Goods
6.3.2. Soya Nugget
6.3.3. Soya Sauce
6.3.4. Soya Granules
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Soy Flakes Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Soy Flakes Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Soy Flakes Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Soy Flakes Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Soy Flakes Demand Share Forecast, 2019-2029
9. North America Soy Flakes Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Soy Flakes Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Soy Flakes Market Size and Volume Forecast by Application
9.4.1. Baked Goods
9.4.2. Soya Nugget
9.4.3. Soya Sauce
9.4.4. Soya Granules
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Soy Flakes Market Size and Volume Forecast by Type
9.7.1. Organic Soy Flakes
9.7.2. Conventional Soy Flakes
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Soy Flakes Demand Share Forecast, 2019-2029
10. Latin America Soy Flakes Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Soy Flakes Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Soy Flakes Market Size and Volume Forecast by Application
10.4.1. Baked Goods
10.4.2. Soya Nugget
10.4.3. Soya Sauce
10.4.4. Soya Granules
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Soy Flakes Market Size and Volume Forecast by Type
10.7.1. Organic Soy Flakes
10.7.2. Conventional Soy Flakes
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Soy Flakes Demand Share Forecast, 2019-2029
11. Europe Soy Flakes Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Soy Flakes Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Soy Flakes Market Size and Volume Forecast by Application
11.4.1. Baked Goods
11.4.2. Soya Nugget
11.4.3. Soya Sauce
11.4.4. Soya Granules
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Soy Flakes Market Size and Volume Forecast by Type
11.7.1. Organic Soy Flakes
11.7.2. Conventional Soy Flakes
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/rowth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Soy Flakes Demand Share, 2019-2029
12. Asia Pacific Soy Flakes Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Soy Flakes Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Soy Flakes Market Size and Volume Forecast by Application
12.4.1. Baked Goods
12.4.2. Soya Nugget
12.4.3. Soya Sauce
12.4.4. Soya Granules
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Soy Flakes Market Size and Volume Forecast by Type
12.7.1. Organic Soy Flakes
12.7.2. Conventional Soy Flakes
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Soy Flakes Demand Share, 2019-2029
13. Middle East & Africa Soy Flakes Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Soy Flakes Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Soy Flakes Market Size and Volume Forecast by Application
13.4.1. Baked Goods
13.4.2. Soya Nugget
13.4.3. Soya Sauce
13.4.4. Soya Granules
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Soy Flakes Market Size and Volume Forecast by Type
13.7.1. Organic Soy Flakes
13.7.2. Conventional Soy Flakes
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Soy Flakes Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Soy Flakes Market: Market Share Analysis
14.2. Soy Flakes Distributors and Customers
14.3. Soy Flakes Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. CHS
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Harvest Innovations
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Tianwei Biotechnology
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Vippy Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Sonic Biochem
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sakthi Soyas
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. GuShen Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ...
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook