Wed, 27 Oct 2021

According to the current analysis of Reports and Data, the global Textured Soy Protein Market was valued at USD 2,235.5 Million in 2020 and is expected to reach USD 4,303.5 Million by 2028, at a CAGR of 8.40%. Soy protein is a defatted soy flour product, commonly known as soy meat, soya chunks or texturized vegetable protein, is a by-product in the process of extracting oil from soybean.

This market intelligence report includes a comprehensive evaluation of the market, discussing the value, volume, size, share, growth rate, key trends, demand & supply ratio, gross revenue, competitive landscape, regional analysis, manufacturers, product types, and end-user applications to give a 360° overview of the global Textured Soy Protein industry. The study provides key information pertaining to the different elements that are propelling or restraining the growth of the sector. It draws accurate forecasts to estimate the prospective growth of the overall business.

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Key Players:

Key participants include DowDuPont, Victoria Group, Archer Daniels Midland, Wilmar International, Bremil Group, Shandong Yuxin Bio-Tech, Sonic Biochem, Linyi Shansong Biological Products, Crown Soya Protein Group, and Hung Yang Foods

Further key findings from the report suggest:

  • Textured Soy Protein market is growing at a CAGR of 5 % in Asia Pacific followed by North America and Europe, with 9.3 % and 9.1 % CAGR, respectively. Rising health consciousness is the key factor to accelerate the market growth during forecast period across all regions
  • As of 2018, Non-GMO product type segment is the dominating the industry which holds 40.2% of the global industry. North America regional market is the chief revenue generating source for this product segment, followed by Europe and Asia-Pacific regions
  • Conventional source type segment was valued at USD 603 million in 2018 and is expected reach USD 1.2 billion by 2026, growing at a CAGR of 9.2 %.
  • Organic type segment is expected to be the second fastest growing market segment during forecast period 2019 - 2026 with a CAGR of 9.7 %. However, unpleasant flavors and lack of awareness are major challenge for the industry growth of this segment

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Market Segmentation:

Type (Revenue, USD Million; 2018–2028)

  • Non-GMO
  • Conventional
  • Organic
  • Others

Form Type (Revenue, USD Million; 2018–2028)

  • Concentrates
  • Isolates
  • Soy flour

Application Type (Revenue, USD Million; 2018–2028)

  • Food
    • Meat Substitutes
    • Dairy Alternatives
    • Infant Nutrition
    • Bakery

  • Feed

Regional Outlook (Revenue in USD Million; 2018–2028)

  • North America
    • U.S.
    • Canada

  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of the Europe

  • Asia Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific

  • Middle East & Africa
  • Latin America
    • Brazil

Browse full report here @ https://www.reportsanddata.com/report-detail/textured-soy-protein-market

Key Points Covered in the Report:

  • Comprehensive analysis of latest and emerging trends influencing the growth of the market
  • SWOT analysis of each major market player along with in-depth analysis of major market players with detailed portfolio of their products, production capacity, revenue estimation, and gross margin
  • Market concentration, production and consumption ratio, demand & supply analysis, and import/export
  • Strategic recommendations to the new entrants as well as established companies to make beneficial business decisions

Thank you for reading this article. You can also get chapter-wise sections or region-wise report coverage for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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See Campaign: https://www.reportsanddata.com/report-detail/textured-soy-protein-marketContact Information:John W

Head of Business Development

Reports And Data | Web: www.reportsanddata.com/

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E-mail: sales@reportsanddata.comTags:PR-Wirein, Reportedtimes, Menafn, iCN Internal Distribution, Research Newswire, English

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