Okara Market Analysis

Okara Market Analysis

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Based on usage, the bread segment dominated around USD 1.53 billion revenue in 2022. The growing public preference for healthier, plant-based food options is driving the need for okara in bread production. Okara, a byproduct of soybean processing, is a versatile and nutritious ingredient that improves bread's nutritional profile. Bakeries and food producers are integrating okara into bread recipes to suit the desire of health-conscious customers for alternatives with higher protein and fiber content.    
 

Based on application, the food & beverage segment accounted for 64.1% of the okara market share in 2022. Okara is a high-nutritional-value soybean byproduct that is quickly gaining traction in the food and beverage industries due to its multiple health advantages and adaptability. It is high in fiber, protein, and a variety of vital vitamins and minerals. Okara can be used as a meat extender, tofu alternative, and thickening in several recipes. Several reasons are driving okara demand in the food and beverage sector, including increased consumer demand for plant-based proteins, the expanding popularity of vegan and vegetarian diets, and growing knowledge of okara's health advantages.
 

Based on distribution channel, the B2B segment is anticipated to grow at 4.9% CAGR through 2032. The growing demand in the Business-to-Business (B2B) sector, where important players cooperate with food producers, retailers, and distributors, has a substantial impact on the okara distribution channel. As the popularity of okara grows due to its various applications in plant-based food items, B2B collaborations are becoming increasingly important in maintaining a smooth supply chain. Okara is a crucial component for food makers looking for creative and sustainable ingredients for their plant-based product lines.
 

Asia Pacific okara market size held over USD 1.39 billion in 2022. The increasing adoption of plant-based diets and increased knowledge of the health advantages associated with plant-derived protein sources are important demand drivers for okara in the Asia-Pacific region. As consumers in Asia-Pacific seek healthier and more sustainable food options, okara, a protein and fiber-rich byproduct of soybean processing, has gained popularity. Okara is in high demand as a flexible component in traditional and modern Asian cuisines due to the region's cultural familiarity with soy-based goods and a growing interest in vegetarian and vegan lifestyles.