Product Code: ETC224610 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Vietnam Soy Flour Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 11.35% in 2025, climbs to a high of 13.42% in 2028, and moderates to 13.36% by 2029.
The Soy Flour market in Vietnam is projected to grow at a high growth rate of 12.84% by 2027, highlighting the country's increasing focus on advanced technologies within the Asia region, where China holds the dominant position, followed closely by India, Japan, Australia and South Korea, shaping overall regional demand.
The soy flour market in Vietnam offers a versatile and nutritious ingredient used in various food products, including bakery goods, soups, and sauces. Soy flour is a good source of plant-based protein and is suitable for a wide range of dietary preferences. With the increasing demand for protein-rich and gluten-free ingredients, the soy flour market continues to thrive in Vietnam.
The growth of the Vietnam soy flour market is propelled by consumers` interest in plant-based and gluten-free flours, the culinary use of soy flour in baking and cooking, and its applications in gluten-free recipes and snacks. Soy flour offers a mild and nutty flavor. The market benefits from consumers` dietary preferences, the inclusion of soy flour in gluten-free and vegan recipes, and its role as a protein-rich and versatile ingredient. Suppliers provide soy flour products that cater to consumers` gluten-free and plant-based baking needs, contributing to the market`s growth.
The Vietnam soy flour market confronts challenges primarily associated with consumer awareness and competition from traditional flours. Soy flour offers nutritional benefits, but consumers may not be fully aware of its advantages or may prefer traditional wheat flour. Manufacturers must invest in educational marketing campaigns that highlight the nutritional benefits and versatility of soy flour while addressing any taste or usage concerns in local cuisine.
The Vietnam soy flour market saw changes in consumer preferences and supply chain dynamics during the COVID-19 pandemic. Soy flour, a versatile ingredient used in various food products, experienced increased demand as consumers sought nutritious and plant-based options. However, supply chain disruptions, including delays in sourcing soybeans and packaging materials, impacted production and distribution. Some manufacturers shifted their focus to domestic sourcing to mitigate challenges. Overall, the market adapted to meet the evolving demands of health-conscious consumers seeking plant-based protein alternatives.
In the Vietnam soy flour market, key players consist of both domestic soybean processors and international suppliers of soy flour products. Domestic companies like Vietnam Protein Food Joint Stock Company and Vina Protein Food Joint Stock Company are significant contributors to the production and distribution of soy flour used in food and bakery applications within Vietnam. Additionally, international suppliers of soy flour products like Archer Daniels Midland Company (ADM) are influential players in providing high-quality soy flour to the Vietnamese food industry, supporting the production of baked goods, snacks, and meat products.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Vietnam Soy Flour Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Soy Flour Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Soy Flour Market - Industry Life Cycle |
3.4 Vietnam Soy Flour Market - Porter's Five Forces |
3.5 Vietnam Soy Flour Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Vietnam Soy Flour Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Vietnam Soy Flour Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Vietnam Soy Flour Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about the health benefits of soy flour |
4.2.2 Growing demand for plant-based protein products |
4.2.3 Rise in disposable income leading to higher spending on nutritious food options |
4.3 Market Restraints |
4.3.1 Fluctuating prices of soybeans impacting the cost of soy flour |
4.3.2 Lack of infrastructure for soy flour processing and distribution |
4.3.3 Competition from other protein sources such as pea protein or whey protein |
5 Vietnam Soy Flour Market Trends |
6 Vietnam Soy Flour Market, By Types |
6.1 Vietnam Soy Flour Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Soy Flour Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Vietnam Soy Flour Market Revenues & Volume, By Full-fat Soy Flour, 2021-2031F |
6.1.4 Vietnam Soy Flour Market Revenues & Volume, By Defatted Soy Flour, 2021-2031F |
6.2 Vietnam Soy Flour Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Soy Flour Market Revenues & Volume, By Bakery & Confectionery, 2021-2031F |
6.2.3 Vietnam Soy Flour Market Revenues & Volume, By Meat Substitute, 2021-2031F |
6.2.4 Vietnam Soy Flour Market Revenues & Volume, By Soup & Sausages, 2021-2031F |
6.2.5 Vietnam Soy Flour Market Revenues & Volume, By Meat and Poultry, 2021-2031F |
6.2.6 Vietnam Soy Flour Market Revenues & Volume, By Others, 2021-2031F |
6.3 Vietnam Soy Flour Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Soy Flour Market Revenues & Volume, By Online Stores, 2021-2031F |
6.3.3 Vietnam Soy Flour Market Revenues & Volume, By Convenience Store, 2021-2031F |
6.3.4 Vietnam Soy Flour Market Revenues & Volume, By Departmental Store, 2021-2031F |
6.3.5 Vietnam Soy Flour Market Revenues & Volume, By Direct Sales, 2021-2031F |
6.3.6 Vietnam Soy Flour Market Revenues & Volume, By Others, 2021-2031F |
7 Vietnam Soy Flour Market Import-Export Trade Statistics |
7.1 Vietnam Soy Flour Market Export to Major Countries |
7.2 Vietnam Soy Flour Market Imports from Major Countries |
8 Vietnam Soy Flour Market Key Performance Indicators |
8.1 Consumer adoption rate of soy flour products |
8.2 Number of new product launches in the soy flour market |
8.3 Growth in the number of soy flour processing facilities |
8.4 Percentage increase in soy flour imports for manufacturing purposes |
8.5 Rate of investment in research and development for soy flour innovations |
9 Vietnam Soy Flour Market - Opportunity Assessment |
9.1 Vietnam Soy Flour Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Vietnam Soy Flour Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Vietnam Soy Flour Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Vietnam Soy Flour Market - Competitive Landscape |
10.1 Vietnam Soy Flour Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Soy Flour Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |