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Global Textured Soybean Protein Market to Witness a Pronounce Growth During 2023
Textured soy protein (TSP) is a processed food product manufactured from either soymeal flakes, soy flour, or soy protein concentrate.
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Global Textured Soybean Protein Market: Forecast by Type / Application / Region
First, for consumption, Europe is the most important consumption area of textured soybean protein with 93671 MT or 33.44% in share in 2015. China is the second largest consumption area in 2015 with 51489 MT or 24.96% in share. USA is the following with 18.38% of total consumption market share. India and Japan each took 5.13% and 2.01% in 2015.
Second, the applications of textured soybean protein includes ground meat and poultry, formed meat products, vegetarian and analogs, nutrition bars, cereals & snacks, etc. In 2015, ground meat and poultry took the largest consumption share, followed by formed meat products. They each took 57.70% and 22.92% of total consumption market share.
Over the next five years, LPI(LP Information) projects that Textured Soybean Protein will register a 4.2% CAGR in terms of revenue, reach US$ 510 million by 2023, from US$ 420 million in 2017.
Global Textured Soybean Protein Market: Key Players
ADM
Danisco
CHS
Scents Holding
Sojaprotein
Cargill
Gushen Biological
Wonderful Industrial Group
FUJIOIL
Shandong Sanwei Soybean Protein
Shansong Biological
Sonic Biochem
Wilmar International
Top Agri Group
Soja Austria
Bremil Group
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Related Information:
United States Textured Soybean Protein Market Research Report 2018
Europe Textured Soybean Protein Market Research Report 2018
North America Textured Soybean Protein Market Research Report 2018
Asia-Pacific Textured Soybean Protein Market Research Report 2018
China Textured Soybean Protein Market Research Report 2018
EMEA Textured Soybean Protein Market Research Report 2018
Global Textured Soybean Protein Market Research Report 2018
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