Global Textured Soy Protein Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Textured Soy Protein Market Report offers in-depth insights, revenue details, and other vital information regarding the global textured soy protein market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2031.
The Textured Soy Protein Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global textured soy protein market report has been segmented on the basis of source, type, application, and region.
This Textured Soy Protein Market report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources.
Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.
Textured Soy Protein Market Overview:
“The Tire Cord and Tire Fabrics Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Textured soy protein, also known as textured vegetable protein, is made with soy protein isolates or soy concentrate. It is available in chunks, bits, slices, and crumbles in the market. Textured soy protein is a meat alternative and can be seasoned with various flavors.
It is easy to cook and contains high protein content similar to meat. It is commonly used as a meat substitute in tacos, burgers, pizza toppings, nuggets, chili, etc. The growing availability of various meat alternatives in the market is making individuals more inclined towards its usage.
Textured Soy Protein Market Dynamics:
Growing awareness regarding the availability of low-cost protein among consumers is a major factor driving the growth of the global textured soy protein market.
The growing vegan and vegetarian population is another key factor fueling factor expected to increase demand for textured soy protein in the global market. Growing consumption of high protein-based food among individuals is another factor fueling the growth of the target market.
Textured soy protein is used as a flavor binder in various cuisines as it helps to absorb oil, maintains moisture level, and also provides better texture, which is another factor expected to increase its demand in the food industry.
Furthermore, growing health consciousness among consumers is a factor expected to boost the growth of the global textured soy protein market in the near future.
However, government regulations on genetically modified crops can affect their production. It is a factor that could affect the growth of the global textured soy protein market. Nevertheless, the introduction of flavored soy protein and the growing demand for plant-based proteins can create high revenue opportunities for players in the target market.
Textured Soy Protein Market Segment Analysis:
Among the application segments, the food segment dominates the global market in terms of revenue and is projected to register high growth over the forecast period. Increasing use of textured soy protein for functional as well as convenience food is expected to support the growth of this segment in the global market.
Textured Soy Protein Market Regional Analysis:
Market in North America accounts for a major share in terms of revenue and is expected to maintain its position over the forecast period. Growing adoption of a vegan lifestyle, coupled with increasing demand for vegan food products are factors driving the growth of the target market in countries in this region.
Asia Pacific market is projected to register the highest CAGR in terms of revenue over the forecast period, owing to growing soy production, especially in emerging economies such as China and India in this region.
Global Textured Soy Protein Market Segmentation:
Segmentation by source:
- Soy Flour
- Soy Protein Concentrates
- Soy Protein Isolates
Segmentation by type:
Segmentation by application:
- Bakery Products
- Dairy Alternatives
- Cereals and Snacks
- Meat Substitutes
- Infant Nutrition
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Archer-Daniels-Midland Company
- Cargill, Incorporated
- DowDuPont Inc.
- Wilmar International Ltd.
- Victoria Group A.D.
- Bremil Group (Brazil),
- Linyi Shansong Biological Products Co., Ltd.
- Shandong Yuxin Bio-Tech Co., Ltd
- Crown Soya Protein Group
- Sonic Biochem Extractions Limited
- Hung Yang Foods Co. Ltd.
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