Textured Soy Protein Market is valued at USD 2.47 Billion in 2021 and expected to reach USD 4.66 Billion by 2028 with the CAGR of 9.52% over the forecast period.
Global Textured Soy Protein Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Increasing demand for protein-rich food is expected to drive the growth of the textured soy protein market.
Scope:
Textured Soy Protein is a protein obtained from soy beans. Soy protein is often used as a low cost or high nutrition extender in comminuted meat and poultry products, and in tuna salads. The higher functionality of soy protein concentrates and soy protein isolates and their neutral flavor profile, account for their wide application within the food industry.
Manufacturers:
• ADM
• Cargill
• DowDuPont
• Wilmar International
• Victoria Group
• Bremil Group
• Linyi Shansong Biological Products
• Shandong Yuxin Bio-Tech
• Crown Soya Protein Group
• Sonic Biochem
• Dutch Protein & Services
• Hung Yang Foods
• The Good Scents Company
• Abbott Nutritionals
• Kerry Group Plc.
• Friesland Campina
• Costantino Special Protein
• New Alliance Dye Chem Pvt. Ltd
• Solae LLC
Bunge
Segmentation:
By Nature-
• Organic • Conventional
• Non-GMO
By End User-
• Food & Beverages Industry
• Feed Industry
By Application–• Food • Feed
By Regional Analysis
North America
• U.S.
• Canada Europe
• Germany • France • U.K.
• Italy • Spain • Sweden
• Netherland
• Turkey
• Switzerland
• Belgium • Rest of Europe
Asia-Pacific
• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC
Latin America
• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America
Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA
The regions covered in this Global Textured Soy Protein market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of Textured Soy Protein is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
The rise in the demand moreover for the functional drinks and their industry has been touted to support the growth of the global Textured soy protein market in the period of forecast. The increase in the demand
in the market for RTE food products due to the hectic lifestyles has been expected to drive this market even further.
Increasing demand for protein-rich food is expected to drive the growth of textured soy protein market.
Increasing demand for protein-rich food is expected to drive the growth of textured soy protein market over the forecast period. Consumers have limited the consumption of meat in their diet, due to increase in health concerns.
North America is dominating the Textured Soy Protein Market
North America is expected to dominate the growth of the Textured Soy Protein Market, due to increasing vegan population and health awareness. The US is one of the leading countries in the vegan movement.