Textured Soy Protein Market Insights, Emerging Therapies, and Market Forecast Stating Incremental CAGR Growth by 2026

Global demand for textured soy proteins is expected to grow at a high rate during the period of forecast, 2017-2026, mainly supported by the increasing health trend worldwide. As awareness regarding healthy lifestyle increases, less fat & less carbohydrate content in food is becoming a major focus in regular diets across all age groups. Additionally, along with their whey counterparts, soy proteins are preferred by most athletes, being a rich protein source. Textured soy proteins are considered as the best substitutes for meat products. The rising preference for meat substitutes is therefore expected to directly influence consumption of textured soy proteins, thereby supplementing growth of the market. As these food items deliver higher amount of nutrition, preference for meat substitutes in diet plans is rising, which is a promising avenue for higher sales of textured soy proteins.

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Demand for Soy Protein Concentrates to Encourage the Growth of the Global Market

Being rich in proteins and fibrous material, soy protein concentrates are a widely used ingredient that enhance the meal nutrition and are largely used in several food products. The consumption of soy protein concentrates is high among older population, lactating women, pregnant women as well as children. Their demand is expected to grow at a stellar rate in the coming years owing to their wide adoption in poultry products, where they are used for retention of water. This further helps in enhancing nutritional value of the food item by providing more protein content and reducing fats. These factors have spurred the consumption of soy protein concentrates worldwide, whose sales are expected to reach a value of around US$ 2 Bn by end of analysis period. The increasing sales of soy protein concentrates is poised to largely contribute to the growth of the global textured soy protein market in the coming years.

Competition Tracking

The global market for texturized soy proteins is characterized by growing number of regional players as well as presence of international players. Increasing collaborations with regional players to gain hold in the local market have been observed. Additionally, regional Asian markets are expected to showcase high growth potential owing to increasing preference for textured soy proteins in the region.

Companies involved in textured so proteins are focusing on grabbing major chunk in these areas thus giving rise to intense competition. Few of the key players are Archer Daniels Midland, DuPont Nutrition & Health, The Good Scents Company, Abbott Nutritionals, Kerry Group Plc. and Friesland Campina.

Asia Pacific Excluding Japan (APEJ) to be at the Apex With Respect to Consumption of Textured Soy Proteins

Textured soy proteins have witnessed high consumption among middle class population in Asian countries. With increasing cardiovascular disorders in the region, the demand for healthy diet is rising, which has pushed the sales of vegan foods and low fat products. This has triggered the consumption of textured soy proteins among population of emerging countries such as India and China. Moreover, growing health trend has surprisingly pushed the consumption of high protein diet in the region. These factors are driving the growth of the textured soy protein market in this region. According to research report, by end of assessment period, the sales of textured soy proteins in APEJ is estimated to reach US$ 1500 Mn supported by high demand for soy protein concentrates.

Other Key Highlights on Global Textured Soy Protein Market

• As compared to soy protein isolates and other soy products, consumption of soy protein concentrates is higher and is expected to soar in the coming years. According to Fact.MR, soy protein concentrates consumption is expected to grow by 8.5% during the assessment period

• With respect to form, demand for dry textured soy proteins is higher than liquid. The main aspect deriving this demand is convenience while cooking and intake. Moreover, from a distribution standpoint, dry food items pose less challenges as compared to liquid products. Sale of dry textured soy proteins s expected to reach a value of over US$ 2 Bn by 2026 end

• Application of textured soy proteins is high in infant nutrition and bakery products. Infant diet is gaining high steam since past years, which has pushed the consumption of high protein diet. This has driven the demand for textured soy proteins in infant formula as well. Moreover, the use of textured soy proteins in bakery products is anticipated to grow at a comparatively higher pace in the coming years.

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This release was published on openPR.