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Textured Soy Protein Market 2023- Industry Trends, Growth, Size, Share, Top Players And Forecast To 2032
Textured Soy Protein Market Analysis
Textured Soy Protein Market Size, Growth Rate, And Forecast
The global textured soy protein market size grew from $2.55 billion in 2022 to $2.85 billion in 2023 at a compound annual growth rate (CAGR) of 12.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The textured soy protein market size is expected to grow to $4.17 billion in 2027 at a CAGR of 10.0%.
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Textured Soy Protein Market Drivers
Increasing demand for protein-rich foods across the globe is expected to propel the growth of the textured soy protein market going forward. Protein-rich food refers to high-protein diets that contain a substantial amount of protein and very little carbohydrate.
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Textured Soy Protein Market Segments
1) By Type: Non-GMO, Conventional, Organic, Other Types
2) By Source: Soy Protein Concentrates, Soy Protein Isolates, Soy Flour
3) By Application: Food, Meat Substitutes, Dairy Alternatives, Infant Nutrition, Bakery, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the textured soy protein market.
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Textured Soy Protein Market Key Players
Major competitors in the textured soy protein market include Archer Daniels Midland Company, Bremil Group, Cargill Incorporated, Crown Soya Protein Group, Du Pont De Nemours and Company, Shandong Yuxin Bio-Tech Co. Ltd., Sonic Biochem Extractions Ltd., Wilmar International Ltd.
The Business Research Company's "Global Textured Soy Protein Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Textured Soy Protein Market Include:
1. Executive Summary
2. Textured Soy Protein Market Characteristics
3. Textured Soy Protein Market Trends And Strategies
4. Textured Soy Protein Market - Macro Economic Scenario
5. Textured Soy Protein Market Size And Growth
......
26. Africa Textured Soy Protein Market
27. Textured Soy Protein Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Textured Soy Protein Market
29. Textured Soy Protein Market Future Outlook and Potential Analysis
30. Appendix
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