New York, NY, Feb. 19, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Modified Soya Flour Market by Ingredient (Succinic Acid, Phosphorus Chemicals, Carboxymethyl Cellulose (CMC), Methylcellulose, Microcrystalline Cellulose (MCC), and Activated Carbon), by Application (Packaged Food, Soups, Extruded Snacks, Bakery and Confectionery, and Others), and by Sales Channel (Online Stores, Convenience Stores, Departmental Stores, Modern Trade, Direct Sales, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global modified soya flour market was valued at approximately USD 1.79 billion in 2018 and is expected to generate USD 2.27 billion by 2025, at a CAGR of around 3.5% between 2019 and 2025.
Modified soya flour is used as a binder in several food items. This flour is characterized by its solubility and absorption properties. The popularity of the modified soya flour market globally can be attributed to soya flour’s beneficial characteristics and various health benefits.
Browse through 100 Tables & 36 Figures spread over 110 Pages and in-depth TOC on “Global Modified Soya Flour Market: Industry Growth, Share, Market Size, Analysis and Forecast 2018–2025”.
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Soya flour is utilized in different food items to enhance their nutritional value. Soya is considered as a primary and vegan source of protein and healthy oil. This is likely to primarily support the modified soya flour market globally in the future. On the other hand, growing urbanization, increasing working population, and rising demand for ready-to-go meals are other major factors anticipated to drive the modified soya flour market globally over the estimated timespan. Few years down the line, modified flours are likely to witness a lucrative demand as compared to conventional flours. However, high prices, low consumer awareness, and complexities in the global modified flour supply chain activities may restrict this market’s growth in the future. On the other hand, several health benefits of modified soya flour, such as lowered blood cholesterol, reduced menopausal symptoms, etc. are expected to provide growth opportunities for the modified soya flour market over the estimated timeframe.
By ingredient, the global modified soya flour market is segmented into succinic acid, phosphorus chemicals, carboxymethyl cellulose (CMC), methylcellulose, microcrystalline cellulose (MCC), and activated carbon. The activated carbon segment is expected to grow rapidly in the future due to the increasing product adoption.
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By application, the modified soya flour market is segmented into packaged food, soups, extruded snacks, bakery and confectionery, and others. Extruded snacks are likely to grow considerably in the years ahead due to the increased product demand by end-users. By the sales channel, the market includes online stores, convenience stores, departmental stores, modern trade, direct sales, and others.
The North American modified soya flour market is expected to grow rapidly over the forecast time period, owing to various developments made by the key players for market growth. These companies are launching new products and investing huge amounts in the research and development activities, which is likely to further support the modified soya flour market growth in the region.
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Europe accounted for a significant share of the global modified soya flour market in 2018 and is expected to witness a huge demand for modified soya flour in the years ahead. This can be due to the increased product demand from various end-user industries, such as bakery, confectioneries, and extruded snacks.
The Asia Pacific modified soya flour market is expected to register the highest growth rate over the forecast time period. This regional growth will be more prominent in China and India, owing to rapid urbanization and growing population. The modified soya flour is also being adopted in a variety of food applications across the region, which is likely to further support this regional market in the future.
Browse the full “Modified Soya Flour Market by Ingredient (Succinic Acid, Phosphorus Chemicals, Carboxymethyl Cellulose (CMC), Methylcellulose, Microcrystalline Cellulose (MCC), and Activated Carbon), by Application (Packaged Food, Soups, Extruded Snacks, Bakery and Confectionery, and Others), and by Sales Channel (Online Stores, Convenience Stores, Departmental Stores, Modern Trade, Direct Sales, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/modified-soya-flour-market
Latin America and the Middle East and Africa are expected to witness moderate growth in the global modified soya flour market over the estimated time period, owing to the flourishing food industry and various developments made by the key players in both the regions.
Some key players operating in the global modified soya flour market include 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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This report segments the global modified soya flour market into:
Global Modified Soya Flour Market: Ingredient Analysis
- Succinic Acid
- Phosphorus Chemicals
- Carboxymethyl Cellulose (CMC)
- Methylcellulose
- Microcrystalline Cellulose (MCC)
- Activated Carbon
Global Modified Soya Flour Market: Application Analysis
- Packaged Food
- Soups
- Extruded Snacks
- Bakery and Confectionery
- Others
Global Modified Soya Flour Market: Sales Channel Segment Analysis
- Online Stores
- Convenience Stores
- Departmental Stores
- Modern Trade
- Direct Sales
- Others
Global Modified Soya Flour Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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