Soy Grits Market
Soy Grits Market Share & Trends Analysis by Type (Roasted, Non-roasted), By Grain Size (Coarse, Medium size, Fine size.), By Distribution Channel (Speciality stores, Retail stores, Online retail stores) & By Region - Global Insights till 2032
Analysis of Soy Grits Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Soy Grits Market Outlook (2022 to 2032)
Soy grits are mainly applicable in making of untoasted soya flour, milk powder of beans and soya bean protein. It is also used in diabetic foods and baby food mixes as they are great source of protein and texture for foods like bread and cookies.
Its use is encouraged as it influences the heart functions and blood cholesterol and helps to bowel them in body. Further these reduce the risk of cancer and prevents the chance of breast cancer. These being rich in dietary fiber, vitamin B and Omega 3 fatty acids have core place in diets.
The ground, screened, graded products obtained after extracting most of the oil from selected soybean. They are toasted cracked soybeans that are usually the size of very coarse cornmeal. Soy grits are rich in protein and amino acids. Other than soybeans, the price index of soy index in 1.
The market is anticipated to grow with CAGR of 6% in the forecast period. Good quality soy grits are comparable to meat and milk, but still the cost is 10-15% lesser per gram of protein from other sources. The other beneficial factors such as they are stable, lightweight and easy to transport. The soy grits are nothing but the coarsely ground soy flour.
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What are drivers of demand in this market?
Defatted form is a processed product made using finely grounded defatted soya meal, containing less than 1% oil. Defatted forms are largely used as an essential ingredient in cereal products including rice, wheat, and corn. Defatted soy grits are generally prepared with minimum heat treatment to retain its active enzyme property.
Moreover, defatted untoasted soy grits are also widely used in soya nuggets. Meanwhile, defatted soy grits toasted is also being used in preparing cakes, pasta, bakery products, soups, gravies and in the fortification of sweet goods, and cereals. Features like stabilizing high water absorption and emulsification are driving the demand for defatted soy grits in various food products.
Despite various health benefits associated with the consumption of soy protein, the demand for soy grits is hampered owing to the poor sensory characteristics, caused mainly due to the off-flavour. Hexanal results in grassy, beany flavor of soya products. Although hexanal is not responsible individually for beany aroma, it does so when it is combined with some other chemical compound.
Soy grits come into different sizes from tiny chunks to size of grape nuts. These are usually segmented into three type of sizes which are coarse, medium and fine. These are more widely used as compare to the soy flakes. Owing to the low price and other multiple health benefits the global market is anticipated to witness significant growth over the forecast period
What are concerns to be considered about soy?
Due to the presence of the protein enzyme inhibitor trypsin, which hinders soy and other nutrients from being properly digested, soy is one of the top five most common food allergies. People who have impaired immunological or digestive systems are particularly vulnerable. The symptoms of food allergies or sensitivities include every symptom imaginable, including gastrointestinal problems including gas and bloating, severe sadness, and anxiety.
The soybean crop in America is 93% genetically modified (GE or GMO) and contains 27% more trypsin inhibitor, making it considerably more likely to cause allergic responses and digestive issues. The UK reported a 50% spike in food allergies in 1998 and linked this sharp surge to consumers starting to consume huge quantities of imported GE soybeans the year before.
Soy shouldn't be consumed by people with hypothyroidism or those trying to lose weight since it lowers thyroid hormone, which slows metabolism. On the other hand, sea vegetables promote thyroid function and are frequently mixed with soy in Asian dishes like miso soup, which causes the two to balance one another. The aforementioned factors deter the sales in the market and anticipated to decline in market share.
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Segment wise Insights
Due to the increasing adoption of roasted soy this segment is anticipated to increase sales in forecast period. The grain size segment in this market includes the 3 types of segment and global arcade are- coarse, medium and fine. The superstores and direct stores are dominant distribution channels at present while the third party online platforms expected to grow their share in forecast period.
Region wise Insights
The global market can be divided into seven regions which includes South Asia (India, Thailand, Malaysia, Indonesia, Philippines and Rest), East Asia (Japan, China, and South Korea), MEA (Middle East & Africa), Europe, Latin America and Oceania (Australia, New Zealand).
The North America and Europe collectively have also contributed considerably in global soy grits market. Latin America and MEA are anticipated to register significant growth over the projection period The North America and Europe have also contributed significantly in global market.
Latin America and MEA are anticipated to register significant growth over the projection period. The East Asia and South Asia together are anticipated to witness significant value share in global market over the projection period owing to positive outlook of food & beverage industry. Overall, the global market is estimated to auger well over the projection period.
The global market seems to be highly fragmented in nature and includes both regional level and global level players. Some of the prominent manufacturers are Natural Products, Inc., ADM (Archer Daniels Midland), Soon Soon Oilmills SDN BHD, Pacific Soybean & Grain, Sonic Biochem and different global and domestic players.
Soy Grits Market Segmentation
On the basis of Type :
The grain Size Segment :
- Coarse Soy Grits
- Medium Size Soy Grits
- Fine size Soy Grits
On the basis of Distribution Channel :
- Speciality Stores
- Retail Stores
- Online Retail Stores
On the basis of Regions :
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia & New Zealand
- Middle East and Africa
- S. Africa
- N. Africa
- North America
- FAQs -
The market is likely to expand at a CAGR of 6% during the forecast period.
The market is growing since it offers various health benefits to the consumers.
Manufacturers are likely to find the most opportunities in North America.