Global Soy Flakes Market Overview:
The global soy flakes market will show significant demand over the forecasted period due to the growing demand for healthy food products. In addition to this, over the past decades, nutritional habits have been increased across the global population. Soy flakes are prepared with the help of rolling the cracked soybeans after being heated or exposed to high temperatures with an aim to soften them. The soy flakes have multiple applications in the production of baked goods, soya sauce, soya nugget, soya granules, and others. Increasing disposable incomes across the globe and beneficial for the growth of muscles and tissues, they are non-allergic to the maximum population will further generate numerous opportunities over the forecasted period.
As per latest study released by AMA Research, the Global Soy Flakes market is expected to see growth rate of 6.9%Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Shifting Consumer Preference for Organic Products and Growing Popularity of Online Platform to Purchase Soy Flakes
Market Growth Drivers:
The soy flakes are beneficial for the human body as they have high protein content, low-fat content, it regulates the amino acid content in the human body is driving the soya flakes market. Increasing use of soy flakes in the production of significant soy products including soy oil, soy protein, soy wax, and others.
Challenges:
Less Awareness of Soy Flake
Restraints:
Fluctuations in the Raw Material (Soy) Prices
Opportunities:
Growing Food Processing Industry, Growth Opportunities from Emerging Economies Such as China, and India, among Others and Upsurging Demand for Ready-to-Eat and Easy-to-Prepare Meals
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are CHS Inc. (United States), Harvest Innovations LLC (United States), Tianwei Biotechnology Co., Ltd. (China), Vippy Industries Ltd. (India), Sonic Biochem (India), Sakthi Soyas (India) and Gushen Biological Technology Group Co., Ltd (China). Considering Market by Distribution Channel, the sub-segment i.e. Convenience Store will boost the Soy Flakes market. Considering Market by End Use, the sub-segment i.e. Household will boost the Soy Flakes market.
Latest Market Insights:
In March 2022, Otsuka Pharmaceutical Co., Ltd. launched SOYJOY Plant-Based, a new series in the SOYJOY line of whole-soy nutrition bars, in Japan.
Food safety and Standards act, 2006 aims to establish a single route of command for all the food safety and standards-related issues. Surging through all the multi-levels and departments it intends to create a single reference point. The act forms a regulatory body – the Food Safety and Standards Authority of India (FSSAI) to develop food standards and enforce diverse provisions, rules, and regulations of the act.
What Can be Explored with the Soy Flakes Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Soy Flakes Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Soy Flakes
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Soy Flakes market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Soy Flakes market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Soy Flakes Manufacturers, Raw Material Suppliers, Soy Flakes International Traders, Soy Flakes Distributors and Suppliers, Research and Development institutes, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.