Textured Soybean Protein Market Business Segmentation by Revenue, Present Scenario and Growth Prospects 2032

Textured Soy Protein at US$ 880 Mn at present, which is expected to witness a CAGR 6.4% to surpass a value of US$ 1.6 Bn by 2031.

Increasing demand for protein-rich food among the consumers is expected to drive the market for textured soy protein. Consumers are opting for low-carb and low-fat foods pertaining to increasing health awareness, which is further boosting the market demand. Textured soy protein is ideal meat substitute in spaghetti sauce, peppers, tacos and hamburgers.

Increasing consumer awareness of low-cost protein availability is critical in the textured soy protein business. Another important factor driving rising market demand for soy protein is the growing vegetarian and vegan population. Furthermore, increased individual consumption is fueling the rise of a high protein-based food target market. Structured soy protein is used in a variety of meals as a flavour binder because it absorbs oil, retains moisture, and improves texture, all of which contribute to its high demand in the food industry. Furthermore, rising consumer health consciousness will fuel the expansion of the textured soy protein market.

The growing demand for functional drinks is a recent trend that has been particularly successful in driving the expansion of the worldwide textured soy protein market. These drinks contain textured soy protein as a key ingredient, therefore an increase in their demand has a direct impact on the worldwide textured soy protein industry. Furthermore, increased demand for on-the-go or ready-to-eat food items due to people's hectic and busy lifestyles is propelling market expansion to new heights.

Over the forecast period, increased demand in the functional drinks industry is expected to promote market growth. A growing demand for Ready-to-Eat (RTE) food products as a result of a hectic lifestyle is expected to propel the industry even further. Furthermore, the growing popularity of textured soy protein as a meat alternative is expected to add to market growth.

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Market Segmentations:
Global Textured Soybean Protein Market: Major Players
Shansong Biological
Sojaprotein
CHS
Sonic Biochem
FUJIOIL
Soja Austria
Gushen Biological
Bremil Group
Wonderful Industrial Group
ADM
Shandong Sanwei Soybean Protein
Cargill
Top Agri Group
Danisco
Scents Holding
Wilmar International

Global Textured Soybean Protein Market: Types
Textured Soybean Protein Flour
Textured Soybean Protein Concentrate
Others

Global Textured Soybean Protein Market: Applications
Ground Meat and Poultry
Formed Meat Products
Vegetarian and Analogs
Nutrition Bars, Cereals & Snacks
Others

Global Textured Soybean Protein Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Textured Soybean Protein market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key Questions Answered in This Report:
• What is the breakup of the market based on the source?
• What is the breakup of the market based on the application?
• How has the global textured soy protein market performed so far and how will it perform in the coming years?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global textured soy protein market and who are the key players?
• What has been the impact of COVID-19 on the global textured soy protein market?
• What are the key regional markets?
• What is the breakup of the market based on the nature?

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Market Growth & Trends
• The textured vegetable protein is called textured soy protein & is made from fat-removed soy flour. The fat-removed soy flour is created from fat-removed soy flakes, achieved by pulling oil from soybeans.
• This protein is utilized as an essence or extender of meat with an increased protein element. The textured soy protein is present in granular & dried form in the market. The same texture as beef meat or different meat products.
• This protein should be refreshed in boiling water before usage. Customers have specified the usage of meat in their diet for health problems. Consumers have changed their choice of proteins to plant-based, the perfect substitute for meat products.
• Additionally, an expansion in environmental awareness and animal welfare promotes customers to strive for plant-based products to assure animal well-being, mainly contributing to the development of the market worldwide.

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