Modified Soya Flour Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026
Sarasota, FL -- (SBWIRE) -- 10/25/2018 -- Global Modified Soya Flour Market: Overview
Modified soya flour is utilized in various food products and several industrial products as binders. The beneficial properties of modified soya flour, such as absorption abilities and solubility helps in enhancing the functional characteristics of the food items it is added to. The demand and popularity of the modified soya flour market globally can be attributed to soya flour's beneficial characteristics.
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Global Modified Soya Flour Market: Growth Factors
Soy flour is utilized in many food items for enhancing the nutritional value of the food item, as it is considered to be a primary and high source of vegan protein, as well as healthy oils. This is the major aspect driving the demand and popularity of modified soya flour market globally from food manufacturers. Due to the growing urbanization, increasing working population, the demand and popularity for ready-to-eat meals is growing, which, in turn, is among the key factors for expansion of the market for modified soy flour. Owing to several health advantages of gluten-free products, such as decreased risk of cardiovascular diseases, lower blood cholesterol, reduction in menopausal symptoms etc., the preference for gluten-free products is on the rise. These aspects are propelling the global requirement for modified soy flour, as this type of flour offers bases for soymilk and textured vegetables. This is further expected to fuel the development and popularity of modified soy flour market on a global scale.
Global Modified Soya Flour Market: Segmentation
The modified soya flour market can be categorized based on ingredients, application, and sales channel. On the basis of ingredients, the market for modified soya flour can be classified into succinic acid, phosphorus chemicals, carboxymethyl cellulose (CMC), methylcellulose, microcrystalline cellulose (MCC), and activated carbon. The activated carbon segment is projected to witness high demand in the future, due to its extensive use in modified soya flour. Based on application, the modified soya flour market is categorized into packaged food, soups, extruded snacks, and bakery and confectionery, among others. On the basis of sales channel, the market for modified soya flour can be fragmented into online stores, convenience stores, departmental stores, modern trade, and direct sales, among others.
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Global Modified Soya Flour Market: Regional Analysis
The global modified soya flour market is categorized into five major regions: Europe, North America, Middle East and Africa, Latin America, and Asia Pacific. In Asia Pacific, the developing countries, such as India and China, are projected to offer attractive development prospects during the forecast period. This can be attributed to the growing adoption of soya in a variety of food applications across the region. The European region is anticipated to hold a substantial share of the market for modified soya flour in the upcoming years. This is due to high consumption rates of modified soya flour, primarily in Russia and Germany.
Global Modified Soya Flour Market: Competitive Players
Some key players operating in the modified soya flour are The Hain Celestial, Parrish and Heimbecker, Archer Daniels Midland Company, Cargill Incorporated, Associated British Foods, The Scoular Company, General Mills Inc., Bunge Limited, ConAgra Foods, Inc., The Caremoli Group, ITC Limited, Unicorn Grain Specialties, Ingredion Inc., SunOpta, and Buhler, among others.
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Global Modified Soya Flour Market: Regional Segment Analysis
The Asia Pacific
The Middle East and Africa
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