Global Soy Grits Market Overview
The ground, screened, graded products obtained after extracting most of the oil from selected soybean. Soy grits 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. Good quality soy grits are comparable to meat and milk, but still the cost of soy grits is 10-15% lesser per gram of protein from other sources. The other beneficial factors of soy grits is that they are stable, lightweight and easy to transport. The soy grits are nothing but the coarsely ground soy flour. The soy grits comes into different sizes from tiny chunks to size of grape nuts. The soy grits are usually segmented into three type of sizes which are coarse, medium and fine. Soy grits are more widely used as compare to the soy flakes. Owing to the low price and other multiple health benefits the global soy grit market is anticipated to witness significant growth over the forecast period
Global Soy Grits Market Dynamics
Defatted soy grits is a processed product made using finely grounded defatted soya meal, containing less than 1% oil. Defatted soy grits is largely used as an essential ingredient in cereal products including rice, wheat, and corn. Defatted soy grits is generally prepared with minimum heat treatment to retain its active enzyme property. Moreover, defatted untoasted soy grits is 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 soya protein, the demand for soy grits is hampered owing to the poor sensory characteristics, caused mainly due to the off-flavor. 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. Other factors leading to the unfavorable flavor includes bitterness and astringency. Two compounds responsible for bitter taste of soya products are soya saponins and soya isoflavones. Meanwhile, oxidization of unsaturated fatty acids is also responsible for bitter and beany off-flavors, which can curtail growth of soy grits in the global soy grit market.
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Soy Grits market – Regional outlook
The global soy grits 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 Soy Grits 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 soy grits market over the projection period owing to positive outlook of food & beverage industry. Overall, the global market for soy grits is estimated to auger well over the projection period.
Global Soy Grits Market Segmentation
The global Soy Grits market can be divided on the basis of type, grain size, distribution channel and region. On the basis of type the global Soy Grits further divided into two categories which are roasted and non-roasted. Owing to the increasing popularity the roasted segment is anticipated to register above average growth in global soy grits market over the projection period. The grain size segment of the global soy grit market includes three types segment the global soy grits market which are coarse soy grits, medium size, soy grits and fine size soy grits. On the basis of distribution channel, soy grits market can be segmented as specialty stores, retail stores, and online retail stores. Owning to increasing online presence of various manufacturers the online retail store segment is anticipated to witness significant growth in the global soy grit market.
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Global Soy Grits Regional Outlook and Competition Tracking
The global soy grits market seems to be highly fragmented in nature and includes both regional level and global level players. Some of the prominent manufacturers of soy grits are Natural Products, Inc., ADM (Archer Daniels Midland), Soon Soon Oilmills SDN BHD, Pacific Soybean & Grain, Sonic Biochem and different global and domestic players.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
- Market Dynamics
- Market Size
- Market Segments
- Demand & Supply Trends
- Current Issues and Challenges
- Companies and Competitor Landscape
- Value Chain
Regional Segments Analyzed Include
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
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Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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