A recent report published by Infinium Global Research on textured soy protein market provides in-depth analysis of segments and sub-segments in the global as well as regional textured soy protein. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional textured soy protein market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global textured soy protein. According to the report, the global textured soy protein market is projected to grow at a CAGR of 6.5% over the forecast period of 2019-2025.
The continuous growing influence of vegetarian food, plant-based food and its health benefits among the consumers are helping to grow the demand of the textured soy protein market. Vegetarian consumers use it as a meat alternative in their food menu. After its invention in the 1960s by Archer Daniel Midland Company, slowly it becomes the major meat alternative source for the vegetarian people around the world. It is a low-cost healthy food alternative for several consumers, who cannot afford other types of costly food for their better health. Further, it is used as nutrition extender for a different type of meat and poultry products, and in tuna salad. Additionally, owing to its lightweight and no fat property, it is used in a different type of backpacking recipes
The continuous growing demand for cost-effective protein-based food products among the young and middle-class consumers are helping to grow the demand of the textured soy protein market. Further, owing to its low cost and easy availability it is widely consumed with other food products as meat, vegetable, bakery products, infant nutrition, dairy alternative, and others. Further, owing to its low fat or no fat at all, it is widely used as basic food ingredients among diabetes and obesity patient’s people. However, the lack of awareness about the health benefits of the textured soy protein among the consumers is restricting the growth of the market
Geographically, the textured soy protein market is segmented into four regions namely North America, Europe, the Asia-Pacific, and RoW. North America is the largest market of the textured soy protein market, owing to the presence of a large number of food processing companies, who are engaged in the production of meat substitute products, dairy alternative, infant nutrition, bakery products, cereal and snacks, and other food industries in this region. Further, the presence of the aware consumer groups, who are suffering from the obesity problem, the diabetic problem is a regular consumer of the textured soy protein products. Europe is the second-largest market of the textured soy protein market, after North America. The Asia-Pacific textured soy protein market is expected to grow at the highest CAGR, during the forecast period, owing to the growing influence of the vegetarianism among the young and middle-class consumers
The report on global textured soy protein market covers segments such as type, source, and application. On the basis of type, the sub-markets include non-GMO, conventional, organic, and other types. On the basis of source, the sub-markets include soy protein concentrates, soy protein isolates, soy flour, and other sources. On the basis of application, the sub-markets include meat substitutes, dairy alternatives, infant nutrition, bakery products, cereal and snacks, and other food applications.
The report provides profiles of the companies in the market such as Dutch Protein & Services B.V., Sonic Biochem Extractions Ltd., Crown Soya Protein Group, SHANDONG YUXIN BIO-TECH CO., LTD, Linyi Shansong Biological Products Co., Ltd, Bremil Group, Victoria Group, Wilmar International Limited, E. I. du Pont de Nemours and Company, and Cargill, Incorporated.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of textured soy protein market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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