Press release
Textured Soy Proteins Market: GHDI are Expected to Influence a Positive Impact on the Consumption || Key Players: Cargill Inc., Arla Foods, Costantino Special Protein, New Alliance Dye Chem Pvt.Ltd., Solae LLC and Bunge.
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.
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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.
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.
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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
Key players involved in the production of textured soy proteins are focusing on emerging economies and also striving to innovate the products by enhancing their quality. Major companies include Cargill Inc., Arla Foods, Costantino Special Protein, New Alliance Dye Chem Pvt.Ltd., Solae LLC and Bunge.
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