Textured Soy Protein Market Set for More Growth | Cargill, DowDupont, Wilmar International, Victoria Group, Bremil Group, Linyi Shansong Biological Products

Textured Soy Protein Market size was valued at USD 2.39 Billion in 2022 and is projected to reach USD 5.32 Billion by 2030, growing at a CAGR of 8.10% from 2023 to 2030. Defatted soy flour is used to create textured soy protein (TSP), often referred to as textured vegetable protein. Defatted soy flakes, which are obtained by squeezing oil from soybeans, are ground to create defatted soy flour. With its high protein level, textured soy protein is utilised as a meat substitute or extender. The textured soy protein is sold in the market in dried, granular form. Its texture is comparable to that of beef or other types of meat. Before use, textured soy protein needs to be rehydrated in boiling water.

A vegetable protein made from soy beans or other plants, textured soy protein is. It is also referred to as "soya meat" or "soy chunks," and it is a product made from defatted soy flour, a by-product of the extraction of soybean oil. Soy protein is a meat alternative that can be prepared quickly and easily, and it comes in two colours: caramel and white. Due to rising health concerns, consumers have reduced their diet's meat intake. As suitable substitutes for meat products, this has changed their preference toward plant-based proteins. This element is predicted to increase demand for textured soy protein, which will drive the market for textured soy protein to expand in the ensuing years. Additionally, growing consumer interest in plant-based goods to protect animal welfare and the environment has a huge positive impact on the expansion of the global market.

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These are important market factors for textured soy protein. Due to its low cost of production and affordable raw materials, textured soy protein is likewise a cheap product. This offers producers the chance to transform soy into more sophisticated goods that are simpler to market to consumers. Additionally, it can serve as a replacement for meat and is significantly less expensive than meat products. Its ability to substitute dairy is another factor driving the industry. Many people throughout the world struggle with lactose intolerance; as a result, customers turn to soy milk as a suitable substitute for milk.

Global Textured Soy Protein Market: By Key Players
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

Global Textured Soy Protein Market: By Types
Non-GMO
Conventional
Organic

Global Textured Soy Protein Market: By Applications
Food
Feed

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Global Textured Soy Protein Market: Regional Analysis
The countries covered in the regional analysis of the Global Textured Soy 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.

This Report Answers the Following Key Questions:
Which region would experience a high demand for goods in the years to come?
What are the variables promoting the market's expansion?
How big is the market as a whole in 2022?
What rate of market expansion is anticipated between 2023 to 2032?
What different short-term and long-term tactics have the market players adopted?
Which sub-market will have the most impact on the market?
What market opportunities exist for established and new players?

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Key Benefits for this Market:
The report includes details of the market analysis at the regional and global level, key players, market segments, application areas, and growth strategies.
The key countries in all the major regions are mapped based on their market share.
This report provides a quantitative analysis of the current market trends, estimations, and dynamics of the global market size from 2023 to 2032 to identify the prevailing opportunity.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
The market forecast is offered along with information related to key drivers, restraints, and trends.
An in-depth analysis of the global market helps determine the prevailing market opportunities.

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