Global Textured Soy Protein Market, By Type (Non-GMO, Conventional and Organic, Others), Source (Soy Protein Concentrates, Soy Protein Isolates, Soy Flour), Application (Food, Bakery products, Cereals and snacks, Dairy alternatives, Infant nutrition, Meat substitutes, Feed, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Global Textured Soy Protein Market
Data Bridge Market Research analyses that the global textured soy protein market to be growing at a CAGR of 5.75% in the forecast period of 2022 -2029 and is expected to reach the USD 1.35 billion by 2029.
Textured soy protein (TSP) is sometimes known as textured or textured vegetable protein (TVP), but it is most commonly known as total soy protein (TSP) as it is a soybean derivative. Soybean meal, like soy flour and other soybean derivatives, is a by-product of soybean oil. It is frequently combined with meat. Shaped soy protein is frequently used in place of meat, and it is also used as meat in other circumstances. This is a particular type of ground beef. As a result, it's a great meat alternative in products like tacos, peppers, spaghetti sauce, and hamburgers. TVP can be used to meat meals as a flavour enhancer.
In the textured soy protein market, increasing consumer knowledge of low-cost protein availability is a crucial element. Another key element driving up demand for soy protein in the market is the growing vegetarian and vegan population. Furthermore, another reason driving the expansion of a high protein-based food target market is rising individual consumption. Structured soy protein is employed as a flavour binder in a variety of meals because it absorbs oil, retains moisture, and improves texture, all of which contribute to its high demand in the food business. Also, the increase in the health consciousness among consumers will boost the growth of textured soy protein market.
Moreover, the development of flavoured soy protein and the expanding demand for plant-based protein will create beneficial opportunities for the market.
However, the market's growth rate will be hampered by growing health-conscious population and stringent regulatory rules for genetically engineered crops. Less awareness will challenge the market throughout the projection period.
This textured soy protein market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on textured soy protein market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Textured Soy Protein Market Scope and Market Size
The textured soy protein market is segmented on the basis of type, source and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the textured soy protein market is segmented into non-GMO, conventional and organic and others.
- Based on source, the textured soy protein market is segmented into soy protein concentrates, soy protein isolates and soy flour.
- Based on the application the textured soy protein market is segmented into food, bakery products, cereals and snacks, dairy alternatives, infant nutrition, meat substitutes, feed and others.
Textured Soy Protein Market Country Level Analysis
The textured soy protein market is analyses and market size, volume information is provided by country, type, source and application as referenced above.
The countries covered in the textured soy protein market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
Asia-Pacific dominates the textured soy protein market and will continue to flourish its trend of dominance during the forecast period owing to the growing demand for demand for textured vegetable protein products in this region. North America is expected to score the highest CAGR due to the increasing number of vegan population in this region.
The country section of the textured soy protein market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Textured Soy Protein Market Share Analysis
The textured soy protein market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to textured soy protein market.
Some of the major players operating in the textured soy protein market are ADM, Cargill, Incorporated, Wilmar BioEthanol, Victoria Group, Bremil Group, Sonic Biochem, CROWN SOYA PROTEIN GROUP, HOYA FOOD, SHANDONG YUXIN BIO-TECH CO. LTD., and Bunge Limited among others.
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