Textured Soy Protein Market Analysis Of Sales, Revenue, Share And Growth Rate 2023-2029

Market Overview:
Global Textured Soy Protein Market was valued at USD 2.16 billion in 2021 and is expected to reach USD 3.75 billion by the year 2028, at a CAGR of 8.2%.

Although a comparable meat alternative product can also be made from other foods, textured soy protein is a product that is made from soybeans. The soy protein is separated (isolated) from other ingredients present in whole legumes to create this highly processed food product. Flattened into chunks or granules, defatted soy protein is typically dried and rehydrated before heating. Additionally, a soy flour that has had the oil removed is used to create textured soy protein. The flour is cooked under pressure and then dried this process is called "extrusion cooking."

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Market Dynamics:
Driver:
The market for textured soy protein has been impacted by the growing tendency of health-conscious foods and consumer interest in plant-based protein. Vegetarianism has become more and more common recently. Particular relevance pertains to the product's role in lowering the prevalence of heart disease, osteoporosis, and some kinds of cancer. Textured soy protein is a nutrient-dense option for vegetarians because of the product's high protein content and adaptability in the creation of meat analogs and milk substitutes. Growing soy crop cultivation in emerging regions such as South America and the Asia Pacific, has raised the accessibility of soy products such as textured soy proteins

Opportunities:
Rising consumer and producer awareness of these products' greater nutritional value and lower price, as well as the potential to disguise the soy-based products' unpleasant flavor, are all expected to produce lucrative business opportunities for companies that plan to seize the opportunity and build a sizable customer base. Additionally, marketing campaigns are created to highlight their use and health benefit claims as the tendency of consumers to favor healthy goods grows. High demand, coupled with low cost of production, would help the providers, eventually turning the growth of the textured soy protein market in the region.

The Report Will Contains A Crucial Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis
• SWOT Analysis

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Analysis of the Top Market Players:
• Archer Daniels Midland Company (US)
• Cargill Inc. (the US)
• Bremil Group (Brazil)
• Shandong Yuxin Bio-Tech (China)
• DowDuPont Inc(US)
• Sonic Biochem Extraction Pvt.Ltd (India)
• Victoria Group A. D. (Serbia)
• DPS/Dutch Protein & Services B.V. (Netherlands)
• Linyi Shansong Biological Products Co.Ltd. (China)
• Wilmar International Ltd (Singapore)
• Crown Soya Protein Group (China)
• Sonic Biochem (India)
• Hung Yang Foods Co.Ltd. (Netherlands) and other major players.

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Market Segmentation
By Type
• Non-GMO
• Conventional
• Organic
• Others

By Source
• Soy Protein Isolates
• Soy Protein Concentrates
• Soy Flour

By Application
• Food Products
• Bakery Products
• Cereals & Snacks
• Dairy Alternatives
• Others

Regional Analysis of Textured Soy Protein Market:
The North American region is expected to dominate the textured soy protein market over the forecast period. Among customers soy foods, functional foods, and dairy replacers are estimated to be the fastest-increasing segments in North America. The demand for textured soy protein is rising at a high rate; switching consumer preference from meat to plant protein is one of the main reasons turning the market for soy protein. Also, soy-based proteins are a major source of protein for vegans globally. The high nutritional profile, low carbon footprint, and low price of plant-sourced protein are turning the utilization of these proteins in food applications. The global demand for textured soy protein is rising significantly, especially in emerged economies such as the US and nations in the European Union.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Key Industry Developments In Textured Soy Protein Market
In July 2021, Global nutrition leader ADM declared that it has signed an agreement to acquire Sojaprotein, a top European supplier of non-GMO soy ingredients. Founded in 1977, Serbia-based Sojaprotein has sales into 65 economies, providing a wide array of non-GMO vegetable protein ingredients for an extensive list of European and global customers in the meat alternative, confectionery, pharmaceutical, pet food, protein bar, and animal feed segments. The company had more than $100 million in sales in 2020.

In September 2019, Bunge, a top player in the global textured soy protein market, declared that the company has agreed to acquire over 30% Agrofel Grãos e Insumos, the Rio Grande do Sul based agricultural inputs reseller. This investment in Agrofel Grãos e Insumos will support Bunge to concentrate more on its core business, and hence strengthening its grain origination position in Brazil.

Report includes Competitor's Landscape:
• Major trends and growth projections by region and country
• Key winning strategies followed by the competitors
• Who are the key competitors in this industry?
• What shall be the potential of this industry over the forecast tenure?
• What are the factors propelling the demand for the Action Figures And Statues?
• What are the opportunities that shall aid in significant proliferation of the market growth?
• What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures And Statues?
• How has the covid-19 impacted the growth of the market?
• Has the supply chain disruption caused changes in the entire value chain?

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