Press release
Textured Soy Protein Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
The global surge in demand for food items rich in protein is likely to drive the progression of the textured soy protein market in the future. Such protein-dense foods are typically hefty in protein content and minimal in carbohydrates. Utilizing plant proteins, such as textured soy proteins, in a high-protein regimen aids in muscle development, boosts metabolic health, and enhances body structure and weight control due to their low-calorie, high-fiber, and nutrient-rich composition. For example, Statistics Canada, a government agency responsible for delivering statistical data about the nation's economy, society, and environment, reported in September 2024 that China exported 4,171 metric tonnes of plant-based and animal protein ingredients in 2022, and this figure rose to 4,402 metric tonnes in 2023. Consequently, the escalating demand for foods enriched in proteins is shaping the need for the textured soy protein market.
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What is the projected compound annual growth rate (CAGR) of the textured soy protein market from 2025 to 2034, and what factors influence it?
The market for textured soy protein has seen substantial growth in the past few years. The market, valued at $3.1 billion in 2024, will increase to $3.43 billion in 2025 with a compound growth rate of 10.6% annually. The growth seen in the historic period can be credited to a rise in health consciousness and the increased demand for plant-based proteins, the widening adaptation of vegetarian and vegan diets, the cost-effectiveness of soy protein compared to animal proteins, an increase in awareness of the nutritional benefits of soy protein, and a rise in its use in the food and beverage industry.
The market for textured soy protein has a promising outlook with a rapid expansion anticipated in the coming years. The market is forecasted to reach a value of $5.14 billion by 2029, with a compound annual growth rate (CAGR) of 10.6%. This projected growth within the forecast period is primarily due to the rising popularity of meat substitutes and plant-based diets, an emphasis on sustainable and ethically-sourced products, consumer preference for clean labels and natural components, a surge in demand for sports nutrition and protein supplements, as well as market inroads into developing economies. Trends anticipated during the forecast period include advancements in soy protein processing technology, innovating product formulations for improved textures, combining soy protein with other plant proteins, and nutritionally enriching through fortification. It also includes the debate of soy protein isolate vs concentrate.
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How are the latest trends influencing the growth of the textured soy protein market?
The key trend that is noticeably rising and gaining traction in the textured soy protein market is the escalating investments, particularly from major market players aiming at product innovation to enhance the taste and cultivate an appealing flavor of soy proteins. For example, Archer Daniels Midland, a renowned food or feed processing enterprise based in the US, unveiled its plans in 2022 to commit an investment of $300 million for the expansion of its alternative protein capabilities. This move includes setting up a state-of-the-art Protein Innovation Center in Decatur. The establishment of this protein innovation center is predicted to bolster the company's proficiency in meeting the demand for pioneering products. The center will amalgamate labs, test kitchens, and pilot-scale production capabilities to fuel new advancements encompassing unique and diverse ingredients, distinctive and improved texture, taste, visual appeal, and nutritional solutions.
What are the major segments of the textured soy protein market and their role in driving growth?
The textured soy protein market covered in this report is segmented -
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
Subsegments:
1) By Non-GMO: Textured Non-GMO Soy Protein Isolate, Textured Non-GMO Soy Protein Concentrate, Textured Non-GMO Soy Protein Flour
2) By Conventional: Textured Conventional Soy Protein Isolate, Textured Conventional Soy Protein Concentrate, Textured Conventional Soy Protein Flour
3) By Organic: Textured Organic Soy Protein Isolate, Textured Organic Soy Protein Concentrate, Textured Organic Soy Protein Flour
4) By Other Types: Flavored Textured Soy Protein, Textured Soy Protein Blends, Specialty Textured Soy Protein Products
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Which regions are key players in the growth of the textured soy protein market?
North America was the largest region in the textured soy protein market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the textured soy protein market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the key firms paving the way for growth in the textured soy protein market?
Major companies operating 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., Hung Yang Foods Co. Ltd., Bunge Ltd., Hoya Foods Inc., Solae LLC, Bob's Red Mill Natural Foods., Fuji Oil Asia Pte. Ltd., Linyi Shansong Biological Products Co. Ltd., Food Ingredient Technology Co. Ltd., Victoria Group SRL, Food Chem International Corporation, MGP Ingredients Inc., Batory Foods Inc., CHS Inc., Gushen Biological Technology Group Co. Ltd., Nutra Food Ingredients LLC, Shandong Wonderful Industrial Group Co. Ltd., International Flavors & Fragrances Inc., NOW Health Group Inc., Axiom Foods Inc., Puris
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What Is Covered In The Textured Soy Protein Global Market Report?
•Market Size Forecast: Examine the textured soy protein market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the textured soy protein market for a structured understanding.
•Key Players Overview: Analyze major players in the textured soy protein market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the textured soy protein market.
•Segment Contributions: Evaluate how different segments drive overall growth in the textured soy protein market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the textured soy protein market.
•Industry Challenges: Identify potential risks and obstacles affecting the textured soy protein market.
•Competitive Landscape: Review strategic developments in the textured soy protein market, including expansions, agreements, and new product launches.
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