Press release
Textured Soy Protein Market: Health Consciousness and the Rise of Plant-Based Proteins Equate to Explosive Growth
Textured Soy Protein Market
What Is The Projected Market Size Of The Global Textured Soy Protein Market And Its Growth Rate?
The textured soy protein market evinces a healthy pace of growth, driven by the rising health consciousness and expanding vegetarian and vegan diets.
•2024 Market Size: $3.1 billion
•2025 Market Size: $3.43 billion (10.6% CAGR)
•2029 Market Size: $5.14 billion (10.6% CAGR)
This industrial trajectory is attributed to the growth of meat alternatives, technological advancements in soy protein processing, and market penetration in emerging economies.
What Is Driving The Growth In The Textured Soy Protein Market?
Driving the textured soy protein market is the increasing demand for protein-rich foods worldwide. Foods rich in protein and low in carbohydrates contribute to muscle gain, metabolic health, and weight maintenance. Plant proteins like textured soy proteins are a popular choice due to their low calorie count, high fiber content, and essential nutrients. For instance, China, known for its vast export of plant-based and animal protein ingredients, saw an increase from 4,171 metric tonnes in 2022 to 4,402 metric tonnes in 2023. Such a growth in demand for protein-rich foods across the globe is dictating the textured soy protein market's growth.
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Who Are the Key Players Driving Textured Soy Protein Market Growth?
A variety of established companies continue to shape the textured soy protein market:
•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.
What Are The Key Trends In The Textured Soy Protein Market?
Propelling the textured soy protein market are several key trends:
•Technological advancements in soy protein processing
•Innovation in product formulations and texture improvement
•Blending with other plant proteins
•Fortification and nutritional enrichment
•Soy protein isolate vs concentrate
What Are The Segments Of The Global Textured Soy Protein Market?
The textured soy protein market is categorized as follows:
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
Which Region Leads The Textured Soy Protein Market?
North America held the largest share of the textured soy protein market in 2024. However, Asia-Pacific is projected to be the fastest-growing region during the forecast period. The textured soy protein market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Textured Soy Protein Market Global Market Report?
- Market Size Analysis: Analyze the Textured Soy Protein Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Textured Soy Protein Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Textured Soy Protein Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Textured Soy Protein Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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