The Latin America, Middle East and Africa Soy Flour Market is expected to witness market growth of 15.3% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 21,714.0 tonnes, showcasing a growth of 13.3% (2024-2031).
Direct sales channels involve manufacturers or distributors selling soy flour directly to consumers, often through specialized events, health fairs, or direct-to-consumer platforms. This approach allows for personalized customer interactions and education about the benefits of soy flour. Advantages include better profit margins for producers and a more direct connection with health-focused consumers. As interest in plant-based diets grows, direct sales are becoming a valuable channel for promoting soy flour, especially among niche markets that prioritize sustainable and healthy ingredients. Therefore, in Brazil, 1,879.41 tonnes of soy flour is expected to be sold through direct sales by the year 2031.
The Brazil market dominated the LAMEA Soy Flour Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $178.4 million by 2031. The Argentina market is registering a CAGR of 16.1% during 2024-2031. Additionally, the UAE market is expected to obtain a CAGR of 14.4% during 2024-2031.
Food manufacturers increasingly incorporate soy flour into their product lines to enhance nutritional profiles. This leads to its widespread adoption in various food products such as snacks, baked goods, and dairy alternatives. Health organizations and nutritionists promote soy products, including soy flour, for their health benefits, contributing to increased adoption among consumers who trust these endorsements.
The rise of functional foods that offer specific health benefits has led to a greater adoption of soy flour, as it can be easily integrated into products designed for weight management, muscle recovery, and overall wellness. Culinary schools and workshops increasingly incorporate soy flour into their curricula, raising awareness of its uses and benefits among aspiring chefs and home cooks and fostering broader adoption.
Saudi Arabia’s Vision 2030 initiative emphasizes economic diversification and food security. The government is investing in sustainable agricultural practices and local food production. This focus encourages the use of soy flour, a versatile ingredient that can be produced locally, reducing dependence on imported goods and supporting national food security goals. Saudi Arabia’s Vision 2030 aims to enhance food security and diversify the economy. The government has invested in initiatives to promote local agriculture, which includes soy cultivation. For instance, projects like King Abdulaziz City for Science and Technology (KACST) focus on agricultural research to develop sustainable practices for local soy production, indirectly boosting the soy flour market.
With increasing consumers pursuing gluten-free diets due to health concerns or dietary requirements, soy flour offers a viable alternative to wheat flour. Its gluten-free nature makes it suitable for a wide range of baked goods and food products, contributing to its increased demand in the Saudi market. With rising awareness of gluten sensitivity, many bakeries in Saudi Arabia, like Froosh and Baked By K, have started offering gluten-free products made with soy flour. These bakeries cater to consumers seeking wheat flour alternatives, expanding the soy flour-based gluten-free product market. Thus, the above factors are driving the growth of the market.
Direct sales channels involve manufacturers or distributors selling soy flour directly to consumers, often through specialized events, health fairs, or direct-to-consumer platforms. This approach allows for personalized customer interactions and education about the benefits of soy flour. Advantages include better profit margins for producers and a more direct connection with health-focused consumers. As interest in plant-based diets grows, direct sales are becoming a valuable channel for promoting soy flour, especially among niche markets that prioritize sustainable and healthy ingredients. Therefore, in Brazil, 1,879.41 tonnes of soy flour is expected to be sold through direct sales by the year 2031.
The Brazil market dominated the LAMEA Soy Flour Market by Country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $178.4 million by 2031. The Argentina market is registering a CAGR of 16.1% during 2024-2031. Additionally, the UAE market is expected to obtain a CAGR of 14.4% during 2024-2031.
Food manufacturers increasingly incorporate soy flour into their product lines to enhance nutritional profiles. This leads to its widespread adoption in various food products such as snacks, baked goods, and dairy alternatives. Health organizations and nutritionists promote soy products, including soy flour, for their health benefits, contributing to increased adoption among consumers who trust these endorsements.
The rise of functional foods that offer specific health benefits has led to a greater adoption of soy flour, as it can be easily integrated into products designed for weight management, muscle recovery, and overall wellness. Culinary schools and workshops increasingly incorporate soy flour into their curricula, raising awareness of its uses and benefits among aspiring chefs and home cooks and fostering broader adoption.
Saudi Arabia’s Vision 2030 initiative emphasizes economic diversification and food security. The government is investing in sustainable agricultural practices and local food production. This focus encourages the use of soy flour, a versatile ingredient that can be produced locally, reducing dependence on imported goods and supporting national food security goals. Saudi Arabia’s Vision 2030 aims to enhance food security and diversify the economy. The government has invested in initiatives to promote local agriculture, which includes soy cultivation. For instance, projects like King Abdulaziz City for Science and Technology (KACST) focus on agricultural research to develop sustainable practices for local soy production, indirectly boosting the soy flour market.
With increasing consumers pursuing gluten-free diets due to health concerns or dietary requirements, soy flour offers a viable alternative to wheat flour. Its gluten-free nature makes it suitable for a wide range of baked goods and food products, contributing to its increased demand in the Saudi market. With rising awareness of gluten sensitivity, many bakeries in Saudi Arabia, like Froosh and Baked By K, have started offering gluten-free products made with soy flour. These bakeries cater to consumers seeking wheat flour alternatives, expanding the soy flour-based gluten-free product market. Thus, the above factors are driving the growth of the market.
List of Key Companies Profiled
- HDDES Group
- Ceylon Spice Company
- Elite Spice Inc.
- McCormick & Company, Inc.
- SDS Spices Pvt Ltd.
- Archer Daniels Midland Company
- Foodchem International Corporation
- Bob’s Red Mill Natural Foods, Inc.
- CHS Inc.
- The Scoular Company
Market Report Segmentation
By Type (Volume, Tonnes, USD Billion, 2020-2031)- Defatted
- Full-fat
- Bakery & Confectionery
- Meat Substitute
- Soup & Sausages
- Meat & Poultry
- Other Applications
- Online Stores
- Convenience Stores
- Departmental Store
- Direct Sales
- Other Distribution Channels
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Soy Flour Market by Type
Chapter 5. LAMEA Soy Flour Market by Application
Chapter 6. LAMEA Soy Flour Market by Distribution Channel
Chapter 7. LAMEA Soy Flour Market by Country
Chapter 8. Company Profiles
Companies Mentioned
Some of the key companies profiled in this LAMEA Soy Flour Market include:- HDDES Group
- Ceylon Spice Company
- Elite Spice Inc.
- McCormick & Company, Inc.
- SDS Spices Pvt Ltd.
- Archer Daniels Midland Company
- Foodchem International Corporation
- Bob’s Red Mill Natural Foods, Inc.
- CHS Inc.
- The Scoular Company
Methodology
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