PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1886978
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1886978
The global soy flour market is experiencing sustained growth as consumers increasingly shift toward healthier, protein-rich, and plant-based food products. According to the latest industry data, the market was valued at USD 6.80 billion in 2024, is projected to rise to USD 7.27 billion in 2025, and is expected to reach USD 11.98 billion by 2032, registering a CAGR of 7.40% during 2025-2032. Asia Pacific dominated the global landscape with a 44.41% share in 2024, driven by strong soy production, rising health awareness, and surging demand for plant-based diets.
Market Overview
Soy flour-produced by milling soybeans-is a key ingredient in bakery, meat substitutes, snacks, and fortified food applications. Its popularity has surged in both developed and emerging markets as consumers seek protein-rich and fiber-rich alternatives. The global push toward vegan and plant-based diets significantly boosts soy flour consumption, especially within bakery, confectionery, and processed food segments. Leading global companies such as Cargill Inc., DuPont, Wilmar International, CHS Inc., and ADM continue expanding their production capacity and product portfolios to meet rising demand.
The increasing popularity of non-GMO and clean-label products further reshapes the market, with growing consumer preference for minimally processed, certified organic, and sustainable ingredients.
Key Market Trends
A notable trend in recent years is the rapid adoption of soy flour in the snacks industry. Manufacturers are increasingly incorporating soy flour into ready-to-eat and ready-to-cook snacks to enhance protein content and improve texture. In December 2024, Indian snack company Bikano introduced soy-based snack sticks made with soy flour, showcasing the ingredient's versatility. The growth of health-oriented snacks, gluten-free formulations, and protein-rich snack bars continues to boost product demand.
Another major trend influencing the industry is the strong global shift toward non-GMO products. According to the Non-GMO Project, 65% of U.S. consumers now prefer non-GMO or USDA-certified organic products-pushing food manufacturers to launch non-GMO soy-based ingredients. This shift is likely to accelerate the adoption of non-GMO soy flour in bakery, snacks, meat alternatives, and sports nutrition products.
Market Drivers
The post-pandemic emphasis on health and wellness has driven strong demand for fortified foods, where soy flour serves as a highly nutritious ingredient. Rich in protein, lysine, and essential minerals such as iron, soy flour enhances the nutritional profile of breads, cookies, tortillas, and processed meats. The ingredient is also widely used in supplements and weight management formulations, supporting its global adoption.
Soy flour plays a crucial role in the growing plant-based food ecosystem. Its unique functional properties-such as fat retention, emulsion stability, and texture enhancement-make it a preferred ingredient in meat substitutes, vegan sausages, patties, and protein bars. As plant-based diets expand globally, soy flour consumption is projected to rise significantly through 2032.
Market Restraints
Despite strong growth, the market faces challenges due to soy allergies, which are prevalent among certain populations, particularly in the U.S. and Europe. Additionally, soy contains antinutrients such as phytic acid and trypsin inhibitors, which may cause digestive discomfort, pushing some consumers toward allergen-free alternatives. These factors may slightly restrain market expansion in specific regions.
Segmental Insights
By Type
By Application
Regional Overview
Asia Pacific (2024 Market Size: USD 3.02 billion)
Asia Pacific led with a 45.55% share, driven by high consumption of soy-based foods, rising disposable incomes, expanding processed food industries, and strong raw material availability. China remains a major consumer, with soybean consumption estimated at 124.4 million tons for 2025-26.
North America
Growing demand for non-GMO and organic ingredients strongly supports regional growth. Over 51% of U.S. adults believe GMO foods pose health risks, boosting adoption of clean-label soy flour.
Europe
The surge in plant-based meat demand-valued at USD 404.67 million in 2023-is accelerating soy flour usage in meat substitutes and vegan protein products.
South America & Middle East & Africa
Rising processed food consumption, strong soybean production (Brazil produced 169 million metric tons in 2024/25), and growing urbanization support steady market growth.
Conclusion
With the global soy flour market expanding from USD 6.80 billion in 2024 to an estimated USD 11.98 billion by 2032, rising demand for plant-based, fortified, and non-GMO foods will continue to drive strong growth across regions. Companies investing in innovation, capacity expansion, and clean-label production are expected to lead the next phase of market development.
Segmentation By Type
By Application
By Region