Asia Pacific Excluding Japan (APEJ) to Offer Profitable Growth in Modified Soya Flour Market

Modified Soya Flour Market

Modified soya flours are the modification in a regular soya flours and starches. Modified soya flours play significant role in food products as new generation of modulated soy protein. It is mainly described as a mixture of water and soy flour (starch). It possess efficient properties such as modified water absorbing and solubility properties. Growing demand for soy protein in several food items production site has led to surge the demand for modified soy flour. According to a current report by Future Market Insights, the global modified soya flour market is expected to register a significant volume of CAGR during the forecast period 2017 – 2026. The sales of modified soya flour in 2017 was nearly to 52 Bn tons and expected to reflect a volume of more than 70 Bn tons by the end of forecast period, 2017 – 2026.

What is the presumptive scenario for modified soya flour market among regions?

Depending upon the demarcation of modified soya flour market on regional level, The Asia Pacific excluding Japan (APEJ) is highly likely to remain prevalent in the modified soya flour market. The consumption of modified soya flour in this region is expected to rise with a volume CAGR of 4.4% by the end of 2026. The APEJ is expected to witness comparatively high production and consumption of modified soya flours owing to its growing demand in food application. Market players in developing countries such as India, China and ASEAN countries are expected to account for valuable share in modified soya flour market during the forecast period. Followed by APEJ, Europe is likely to account for nearly 25% and projected to represent most profitable consumer marketplace at Russia and Germany for modified soya flour.

As per FMI’s demarcation on modified soya flour, where do you think companies attain fruitful opportunities in terms of application?

Modified soya flour manufacturers are highly likely to witness remarkable owing to growing demand for extruded snacks. Increasing consumption of extruded food products is expected to influence demand for modified soya flour. Moreover, application of modified soy flour in bakery and confectionery products is likely to contribute moderate revenue growth in modified soya flour market.

According to your analysis, what ingredients are being highly used in production of modified soya flour?

Several ingredients such as activated carbon, Microcrystalline Cellulose (MCC), Methylcellulose, Carboxymethyl cellulose (CMC), Ethylcellulose, Phosphorus Chemicals and Succinic Acid are used in production of modified soy flour. Among these, activated carbon is expected to remain prevalent in demand. Sales of activated carbon is expected to grow at a moderate volume CAGR of 3.7% during the forecast period. Moreover, use of phosphorous chemical is expected to witness potential growth in production of modified soya flour.

Which distribution channel is expected to offer substantial growth in modified soya flour market?

Modified soya flour producers uses various medium of marketing in several forms of distribution channels which includes direct sales, modern trade stores, convenience store and online stores among others. Among these, direct sales channel is anticipated to offer robust growth for modified soya flour sales. In addition, online stores succeeding direct sales are expected to reflect strong growth in adoption rate of modified soya flour in the near future.

Who are the leading manufacturers to contribute towards market growth of modified flour?

Several modified soya flour producers are focusing to diversify their product portfolio in order to expand business across the globe. Most of the modified soya flour producers such as The Scoular Company, Archer Daniels Midland Company, Cargill Incorporated, The Hain Celestial Group Inc., General Mills Inc., ConAgra Foods Inc., Parrish and Heimbecker Ltd., Ingredion Inc., Bunge Limited, The Caremoli Group and SunOpta are operating in the North America. Other market players in Europe such as Associated British Foods plc, Unicorn Grain Specialties and APEJ based players such as ITC Limited, Buhler Limited are expected to account for significant value share in modified soya flour market.

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By Shambhu Nath Jha

Shambhu Nath Jha with an experience nearing a decade, has helped over 50 large and medium to small business enterprise to foray into new markets, increase footprint in the existing bucket and understand the nature of the beast. These beasts are the companies that have been primarily engaged in chemicals, material or packaging activities, and encountering challenge either in maintain P&L or staying ahead of their competitors. He has authored over 300 industry research papers consisting critical information such as market growth, total addressable market, serviceable addressable market, market size, forecast, player strategies, market share estimates and winning imperatives along with recommendations. He is also the pioneer of “three slope distributor/off-taker evaluation model” used by several multinational companies to track the performance of channel partners. A consultant by profession, writer by mood and explorer by desire, Shambhu Nath is currently employed with a London based market research and consulting firm as a full time consultant. A few of the industry verticals where he demonstrated his skill includes water and wastewater treatment chemicals, high purity alumina, water purifiers, activated carbon, chloramine filters, bio-based bioplastics, water purifiers, textile chemicals etc.

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