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The global textured soy protein market reached a value of US$ 1.57 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.68 Billion by 2027, exhibiting a CAGR of 9.05% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Textured soy protein is processed from defatted soy flour mixture and used as a meat extender or substitute in tacos, meatloaf, chili, sloppy joes, and seafood. It can also be utilized for adding a unique texture and mild flavor to commercially made vegetarian and vegan food products, such as sauces, plant-based chili mixes, and veggie burgers. It is low in calories and contains several essential nutrients, including fiber, copper, folate, magnesium, and thiamin. It is also rich in folate, which is a water-soluble vitamin that assists in producing deoxyribonucleic acid (DNA) in the body. Presently, textured soy protein is widely available in flavored and unflavored varieties and different sizes, from large chunks to small flakes.
Textured soy protein offers numerous health benefits, such as tissue repair, wound healing, muscle growth, and reducing cholesterol and triglyceride levels. The rising awareness among individuals about these benefits, along with a considerable shift in consumer preference towards vegetarian and vegan diets, represents one of the key factors increasing the consumption of textured soy protein worldwide. This is further supported by the rising health consciousness among the masses and the growing uptake of meat substitutes. Besides this, it is added to healthy bars, salads, cereals, baked potatoes, and stuffing as a protein additive. This, in confluence with the escalating demand for protein-based recipes on account of the emerging fitness culture, is contributing to the market growth. Apart from this, manufacturers are introducing non-genetically modified organisms (non-GMO) and gluten-free variants in various shapes, colors, and textures to cater to diversified customer needs. As these products are readily available through online channels, the thriving e-commerce industry is anticipated to drive the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global textured soy protein market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on nature, source and application.
Breakup by Nature:
Breakup by Source:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Archer-Daniels-Midland Company, Bob's Red Mill Natural Foods, Bunge Limited, Cargill Incorporated, CHS Inc., Crown Soya Protein Group Company, International Flavors & Fragrances Inc., Fuji Oil Holdings Inc., Shandong Yuxin Biotechnology Co. Ltd., Sonic Biochem Extraction Pvt Ltd and Wilmar International Limited.
|Base Year of the Analysis||2021|
|Segment Coverage||Nature, Source, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Archer-Daniels-Midland Company, Bob's Red Mill Natural Foods, Bunge Limited, Cargill Incorporated, CHS Inc., Crown Soya Protein Group Company, International Flavors & Fragrances Inc., Fuji Oil Holdings Inc., Shandong Yuxin Biotechnology Co. Ltd., Sonic Biochem Extraction Pvt Ltd and Wilmar International Limited.|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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