Soy Flour Market Regional Analysis

Why Asia Pacific is Perceived as a Leader in Soy Flour Business?

The Asia Pacific region is estimated to spearhead the demand for soy flour on a global level in the future. Extensive use of soy flour as a staple in traditional cuisines of Asian countries, growing soybean processing capabilities, and adoption of soy flour in formulation of animal feed are some key factors that are helping this region bring in the most revenue going forward.

Soy Flour Market in China

Demand for soy flour in China is expected to shine bright over the coming years. Growing efforts of Chinese government to maximize soybean production, surging demand for plant-based food products, and high preference for plant-based diets among younger people are slated to help boost demand for soy flour in the country.

• As per a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture, soybean production in China for the year 2024-25 is expected to be 19.9 million tonnes as compared to the 19.7 million tonnes in 2023-24.

Soy flour Market in India

India is forecasted to emerge as one of the most rewarding countries for soy flour providers operating in the Asia Pacific region. Presence of a large vegetarian population, extensive use of soy flour in multiple food products, and growing soybean production in the country are slated to help make it a key country in this region.

• As per Soybean Export from India article from Export Import Data website, India’s export of soybean meal crossed 21 lakh metric tonnes in 2023-24, which is a significant 16% increase from the previous year.

Soy Flour Market in Japan

Japan is slated to emerge as a top consumer of soy flour in the Asia Pacific region in the long run. Roasted soybeans or soy flour are extensive used to produce kinako a popular ingredient in Japanese cuisine. Even though veganism is not as popular in Japan, the number of vegetarians is rising in the country, which is expected to bolster the use of soy flour to make plant-based meat alternatives and other food products.

Is North America a Major Consumer of Soy flour?

North America is slated to account for a notable share of the global soy flour industry thereby making it an opportune region going forward. Growing demand for high-protein vegan food products, high consumption of gluten-free products, and presence of key food companies focusing on developing soy-based food products are helping create new business scope in this region.

Soy Flour Market in United States

Launch of new R&D efforts to enhance nutritional profile of soybean products, presence of leading startups focusing on plant-based meat alternatives, and growing demand for functional food products are helping boost soy flour sales in the United States. The country is the second-largest producer of soybean on a global level, which automatically makes it a key country for soy flour providers.

• As per data from USDA Foreign Agricultural Science, the United States accounted for 28% of global production of soybean in the marketing year 2024, which amounted to around 118.84 million metric tons.

Should Soy flour Providers Invest in Europe?

Investing in Europe is slated to be a key opportunity for soy flour companies in the long run owing to widespread increase in popularity of veganism in this region. Growing emphasis on health and wellness among consumers, preference for non-GMO and gluten-free ingredients, and presence of multiple food product manufacturers are helping boost the demand for soy flour in this region.

Soy Flour Market in United Kingdom

The United Kingdom is projected to emerge as a beneficial country for soy flour suppliers owing to massive increase in vegan population. High reliance of the country on imported soy products and extensive use of soy in animal feed production are also slated to help create new opportunities for soy flour companies in the long run.

• As per research conducted by Finder, around 1.1 million people turned vegan between 2023 –2024 thereby amounting to a total of 2.5 million vegans in the United Kingdom. The research also showed around 6.4 million people planned to opt for a meat-free diet in 2024, which could boost the popularity of soy flour use in meat alternatives.