Industrial Soy Flour Market is anticipated to reach around USD 562.15 million in 2027 – Credence Research

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Industrial Soy Flour Market is anticipated to reach around USD 562.15 million in 2027 - Credence Research
Global Industrial Soy Flour market is expected to witness CAGR of 4.83% during the forecast period. The revenue generated by the global Industrial Soy Flour market in 2020 was over USD 368.41 million and expected to generate revenue worth USD 562.15 million in 2027.

The Global Industrial Soy Flour Market generated revenue of around USD 368.41 million in 2020 and is anticipated to grow a CAGR of over 4.83% during the forecast period from 2021 to 2027 to reach around USD 562.15 million in 2027. While, cumulative growth opportunity presented by the global Industrial Soy Flour is around USD 3.47 billion during 2021 to 2027.

Global Industrial Soy Flour Market, 2020 – 2027 (USD Million)

Browse the full report at  https://www.credenceresearch.com/report/industrial-soy-flour-market

Industrial soy flours are obtained from either finely grounded full-fat dehulled soybeans or defatted flakes. Industrial soy flours based products possess huge replacement potential over conventional VOC containing products used across various industries. Industrial soy flours are most commonly used in making ecofriendly products to meet environmental sustainability.

Defatted Soy Flour Held the Largest Share

Full-fat Soy Flour and Defatted Soy Flour are two major types of industrial soy flour based upon ingredients used. Defatted soy flours account for vast majority of total revenue generated by the global industrial soy flours market. In 2020, defatted soy flour accounted for over 70% share of the revenue. Moreover, it is also expected to grow at a rapid pace over the forecast period.

Adhesive Systems to Govern the Demand

Major chunk of global Industrial soy flours market volume is consumed by adhesives systems. It held over 40% share in 2020. Industrial soy flours based adhesive systems exhibit excellent properties over its traditional counterpart. Industrial soy flours based adhesive systems are environmentally sustainable with better water resistance, quicker in production, broad spectrum of bonding strength, etc. This in turn fueling the demand for industrial soy flours for adhesive systems manufacturing. Moreover, industrial fermentation is another important outlet for the global industrial soy flours market. Adhesive System, Industrial Fermentation and Others major applications markets for industrial soy flours.

Need to Focus on R&D

Cargill, ADM, CHS, Danisco, Soja Austria, Goldensea, Harvest Innovations, Vippy Industries Ltd., Devansoy Inc. and Gushen Group are some of the leading players in global industrial soy flours market. As the market is highly unexplored, key companies shall focus on extensive R&D to identify and commercialize potential applications of industrial soy flours. Renewable nature of raw materials and environmental sustainability makes it most lucrative ingredient for various industrial products. At present, North America and Europe are leading the demand for industrial soy flours with over almost 55% share in total revenue generation in 2020. Stringent environmental regulations in these regions are forcing manufactures as well as end-users to explore environmentally compatible alternatives to existing raw materials as well as finished goods.

Market Segmentation

Global Industrial Soy Flour Market by Type, 2015 – 2027

  • Full-fat Soy Flour
  • Defatted Soy Flour

Global Industrial Soy Flour Market by Distribution Channel, 2015 – 2027

  • Adhesive System
  • Industrial Fermentation
  • Others

Global Industrial Soy Flour Market by Company, 2015 – 2027

  • Cargill
  • ADM
  • CHS
  • Danisco
  • Soja Austria
  • Goldensea
  • Harvest Innovations
  • Vippy Industries Ltd.
  • Devansoy Inc.
  • Gushen Group
  • Others

Browse the full report at  https://www.credenceresearch.com/report/industrial-soy-flour-market

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