Global Textured Soy Protein Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

“Global Textured Soy Protein Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which 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 2027. The 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.

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This report is based on 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 future.

Overview:

Textured soy protein, also known as textured vegetable protein, 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 meat substitute in tacos, burgers, pizza toppings, nuggets, chili, etc. Growing availability of various meat alternatives in market is making individuals more inclined towards its usage.

Dynamics:

Growing awareness regarding availability of low cost protein among consumers is a major factor driving growth of the global textured soy protein market. 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 high protein-based food among individuals is another factor fueling growth of the target market. Textured soy protein is used as 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 food industry. Furthermore, growing health consciousness among consumers is a factor expected to boost growth of the global textured soy protein market in the near future.

However, government regulations on genetically modified crops can affect its production. It is a factor that could affect growth of the global textured soy protein market. Nevertheless, introduction of flavored soy protein and growing demand for plant-based proteins can create high revenue opportunities for players in the target 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 convenient food is expected to support growth of this segment in the global market.

Regional Analysis:

Market in North America accounts for major share in terms of revenue, and is expected to maintain its position over the forecast period. Growing adoption of vegan lifestyle, couple with increasing demand for vegan food products are factors driving growth of the target market in countries in this region. Asia Pacific market in projected to register 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:

• Organic
• Conventional
• Non-GMO

Segmentation by application:

• Feed
• Food
  • Bakery Products
  • Dairy Alternatives
  • Cereals and Snacks
  • Meat Substitutes
  • Infant Nutrition

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• 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.