Discover Textured Soy Protein Market Upcoming Trends, Growth Drivers And Challenges – Forecast To 2025|Grand View Research, Inc.


The global textured soy protein market size is anticipated to reach USD 6.49 billion by 2025 registering a CAGR of 9.1%, according to a new report by Grand View Research, Inc. Rising demand for low-carb and low-fat diet due to increasing awareness about leading a healthy lifestyle is expected to boost product sales over the forecast period. Non-GMO soy protein was the largest product segment in 2018 and accounted for more than 52% share of the global market. It is expected to retain its dominant position throughout the forecast years.
Non-GMO proteins are free of pesticides and do not contain added preservatives and additives, which is augmenting their demand. Moreover, GMO soy crop is banned in several countries owing to increasing awareness about the adverse effects of these crops on health, which, in turn, boosts the demand for non-GMO product. However, organic segment is expected to witness the fastest CAGR from 2019 to 2025 owing to increasing demand for organic food products containing textured soy protein.
The global market is highly competitive. Key companies in the market are Archer Daniels Midland Company; Cargill, Inc.; Wilmar BioEthanol; Victoria Group; Bremil Group; Sonic Biochem; CROWN SOYA PROTEIN GROUP; HOYA FOOD; SHANDONG YUXIN BIO-TECH CO., LTD.; and Bunge. Most of these companies have undertaken business strategies, such as merger & acquisition and product innovation to acquire a greater market share.
Browse Research Report On textured soy protein Market:
https://www.grandviewresearch.com/industry-analysis/textured-soy-protein-market
Increasing demand for meat alternatives is the main factor driving the product demand in the food industry. North America was the largest regional market in 2018 and accounted for half of the overall share. It is projected to maintain its dominance from 2019 to 2025. Increasing health awareness and vegan population in North America are the key factors driving the region’s growth. However, Asia Pacific is expected to register the fastest CAGR of 11.4% over the forecast period due to high soya bean production coupled with rising awareness about the health benefits of soya bean.
Further key findings from the study suggest:
  • Food application was the largest segment in 2018 and will expand further at the maximum growth rate from 2019 to 2025
  • Asia Pacific is projected to witness the fastest CAGR from 2019 to 2025. China is one of the largest consumers of soya protein in the region
  • Some of the key companies in the textured soy protein market are Archer Daniels Midland Company; Cargill, Inc.; Wilmar BioEthanol; Victoria Group; and Bremil Group
  • Most of these companies have undertaken several strategies, such as merger & acquisition, for business expansion
According to studies published in 2018, demand for meat substitutes and other plant-based substitutes to animal-based products, such as milk, yogurt, and cheese, increased by 25% and 17%, respectively. Furthermore, on account of increasing environmental concerns and awareness about animal cruelty manufacturers are introducing meat analogue products, which is likely to fuel product demand.
Non-GMO soy protein was the largest product segment in 2018 and is expected to maintain its dominant position throughout the forecast period. North America was the largest regional market in 2018; however, Asia Pacific is expected to be the fastest-growing market at a CAGR of 11.4% over the forecast period.
Browse Press Release of this report:
https://www.grandviewresearch.com/press-release/global-textured-soy-protein-market

Grand View Research has segmented the global textured soy protein market on the basis of product type, application:
Textured Soy Protein Product Type Outlook (Revenue, USD Million, 2015 - 2025)
  • Non-GMO
  • Conventional
  • Organic
Textured Soy Protein Application Outlook (Revenue, USD Million, 2015 - 2025)
  • Food
  • Feed
Food application led the global market in 2018 and is projected to expand further at the fastest CAGR of 9.3% from 2019 to 2025. Textured vegetable proteins are becoming popular due to increasing demand for meat alternatives, which is likely to fuel the segment growth. Soya proteins play an important role as a source of complementary & supplementary proteins and help enhance the solubility, water absorption, viscosity, emulsification, texture, and anti-oxidation, which in turn, boosts their demand.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.




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