Food safety and Standards act, 2006 aims to establish a single route of command for all the food safety and standards-related issues. Surging through all the multi-levels and departments it intends to create a single reference point. The act forms a regulatory body – the Food Safety and Standards Authority of India (FSSAI) to develop food standards and enforce diverse provisions, rules, and regulations of the act.
The article cited AMA's "Global Soy Flakes Market Study" explored CAGR of 6.9%. According to the report, Shifting Consumer Preference for Organic Products
is one of the primary growth factors for the market. The soy flakes are beneficial for the human body as they have high protein content, low-fat content, it regulates the amino acid content in the human body is driving the soya flakes market. Increasing use of soy flakes in the production of significant soy products including soy oil, soy protein, soy wax, and others. is also expected to contribute significantly to the Soy Flakes market. Overall, Baked Goods
applications of Soy Flakes, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Distribution Channel, such as Convenience Store, is boosting the Soy Flakes market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The End Use, such as Household, is boosting the Soy Flakes market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global Soy Flakes market identified that the demand is rising in many different parts of the world as "Growing Food Processing Industry
". Furthermore, some recent industry insights like "In March 2022, Otsuka Pharmaceutical Co., Ltd. launched SOYJOY Plant-Based, a new series in the SOYJOY line of whole-soy nutrition bars, in Japan." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Soy Flakes market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Soy Flakes market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Soy Flakes market size is calculated using market estimation process, the Soy Flakes market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Soy Flakes market size has been validated using both top-down and bottom-up approaches.