Textured Soy Protein Market Top Players, and Growth Rate Through 2030

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As per the latest report by Reports and Data, the global Textured Soy Protein Market had a size of USD 6.56 billion in 2021 and is projected to achieve a revenue CAGR of 9.8% during the forecast period.

As per the latest report by Reports and Data, the global Textured Soy Protein Market had a size of USD 6.56 billion in 2021 and is projected to achieve a revenue CAGR of 9.8% during the forecast period. The market's revenue growth is anticipated to be propelled by factors such as growing awareness about the advantages of soy protein, changing consumer attitudes toward nutrition, and the increasing trend of veganism, which is associated with health benefits derived from vegan diets.

The expansion of health and fitness centers worldwide has led to a rapid surge in soy protein adoption. Soy protein, which contains 90% protein, is known to help reduce blood pressure, enhance energy levels, and has minimal levels of saturated fat. Several international health organizations and government initiatives are promoting the intake of soy protein, which is creating new and more profitable prospects for players in the global Textured Soy Protein Market

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Top Companies Operating in the Global Textured Soy Protein Market Report:

Wilmar International Ltd, The Nisshin OilliO Group, Ltd., Patanjali Foods Ltd., Ag Processing Inc. a cooperative, Devansoy Inc., Cargill, Incorporated., DuPont, ADM, Kerry Group plc., and CHS Inc.

Major Driving Factors of Textured Soy Protein Market

  • Increasing Demand for Plant-based Protein: Growing awareness about the health and environmental benefits of plant-based diets has led to a rise in demand for alternative protein sources. Soy protein, being a complete protein and rich in essential amino acids, is a popular choice among consumers seeking plant-based protein options.
  • Rising Health Consciousness: With increasing health consciousness, consumers are looking for healthier food choices. Soy protein is known to have various health benefits, including cholesterol reduction, improved heart health, and weight management. These factors have contributed to the demand for soy protein products in the market.
  • Growing Vegan and Vegetarian Population: The rising number of people adopting vegan and vegetarian lifestyles is driving the demand for plant-based protein sources. Soy protein serves as a suitable alternative to animal-based protein, making it a preferred choice for individuals following these diets.

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The global Textured Soy Protein Market is segmented into:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Further market segmentation

Product Type Outlook (Revenue, USD Billion; 2019-2030)

  • Soy Protein Isolates
  • Soy Protein Concentrates
  • Textured Soy Protein
  • Soy Flour, Grits, and Chunks

Form Outlook (Revenue, USD Billion; 2019-2030)

  • Powder
  • Ready-to-Drink
  • Bars
  • Capsules Tablets
  • Others

Application Outlook (Revenue, USD Billion; 2019-2030)

  • Feed
  • Food

Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)

  • Specialty Store
  • Convenience Store
  • E-Commerce/Online Sale Channel
  • Supermarket/Hypermarket

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