Textured Soy Protein Market is expected to reach USD 5.81 Billion by 2030, as per Maximize Market Research.

Textured Soy Protein Market size was valued at USD 3.1 Billion in 2023 and the Textured Soy Protein Market revenue is expected to reach USD 5.81 Billion by 2030, at a CAGR of 9.4 % over the forecast period.

Textured Soy Protein Market Overview

Textured soy protein (TSP) is a fabricated food item made from either soymeal flakes, soy flour, or soy protein concentrate. It may come in either uncoloured or caramel colour and has a minimum of 52 percent protein when measured on a dry basis. The increasing popularity of healthy living and a desire for natural, organic products has led to a higher demand for Textured Soy Proteins. Consumers want nutritional supplements that match their health objectives. Consumer awareness of the availability of affordable protein plays a vital role in propelling the worldwide textured soy protein market. Another important reason for the increasing demand for textured soy protein in the worldwide market is the rising number of vegans and vegetarians. There is a rise in consumer demand.

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The increase in the target market is also driven by people's inclination towards high-protein foods. Textured soy protein is commonly used as a flavour enhancer in different types of cooking due to its ability to soak up oil, retain moisture, and provide an improved texture, all of which are predicted to increase its popularity in the food industry. The global market is anticipated to be influenced by increasing consumer awareness of health, as well as the growing popularity of vegan food products and the increased production of soy, especially in countries like China and India. These factors are driving growth in the textured soy protein market in this region. China is a significant contributor to the worldwide textured soy protein market, handling half of total global production. The market is expanding thanks to the higher demand from health-conscious customers, increased utilization in animal feed, and the growth in soybean production. Regional production of protein-containing goods and growing exports are also driving the market's expansion.

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Textured Soy Protein Market Segmentation

By Product

• Non-GMO
• Conventional
• Organic

By Application

• Food
• Feed

By Source

• Soy protein concentrates
• Soy protein isolates
• Soy flour

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Textured Soy Protein Market leaders

• ADM (USA)
• Abbott Nutritionals (USA)
• Bunge (USA)
• Bremil Group (Brazil)
• Cargill (USA)
• Crown Soya Protein Group (China)
• Roquette Frères (France)
• Ingredion (US)
• The Scoular Company (US)
• Beneo (Germany)
• DuPont de Nemours, Inc. (USA)
• Wilmar International Limited (Singapore)
• Victoria Group (Serbia)
• LIVING FOODS. (India)
• Sonic Biochem (India)

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Key questions answered in the Market are:

• What was the Market size in 2023?
• What is the projected demand for the Textured Soy Protein Market?
• Which are the factors expected to drive the Market growth?
• What is the future projection for the Textured Soy Protein Market?

Key Offerings:

• Past Textured Soy Protein Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Textured Soy Protein Market Size, Share, Size & Forecast by Different Segment | 2024-2030
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation - A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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