According to a new market report by Lucintel, the future of the textured soy protein market looks promising with opportunities in the meat substitutes, dairy alternatives, bakery products, cereals and snacks, and animal feed market. The textured soy protein market is expected to grow with a CAGR of 9% from 2019 to 2024. The major growth drivers for this market are increasing demand for protein-rich food, high nutritional value of soy, being the preferred alternative for meat and dairy products, and a growing health-conscious population.
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The textured soy proteins are a rich source of protein with little to no fat content and no cholesterol. In this market, textured soybean protein flour and textured soybean protein concentrate are the major product types. Soybean protein concentrates account for the largest segment.
Soy protein concentrates, soy protein isolates, and soy flour are the major sources of textured soy protein.
North America is the largest market over the forecast period due to increase in demand for textured soy protein in countries such as the US and Canada.
ADM, Cargill, DOW, DuPont, Wilmar International, Victoria Group, Bremil Group, Linyi Shansong Biological Products, Shandong Yuxin Bio-Tech, Crown Soya Protein Group, and Sonic Biochem are among the major manufacturers in the textured soy protein market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the textured soy protein market by product type, source, application, end use industry, and region. Lucintel has prepared a comprehensive research report titled "Textured Soy Protein Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the textured soy protein market by product type, source, application, end-use industry, and region as follows:
By Product Type [$M shipment analysis for 2013 – 2024]:
Non-GMO
Conventional
Organic
By Source [$M shipment analysis for 2013 – 2024]:
Soy protein concentrate
Soy protein isolate
Soy flour
By Application [$M shipment analysis for 2013 – 2024]:
Meat substitutes
Dairy alternatives
Bakery products
Cereals and snacks
Animal feed
Others
By End Use Industry [$M shipment analysis for 2013 – 2024]:
By Region [$M shipment analysis for 2013 – 2024]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/textured-soy-protein-market.aspx or helpdesk@lucintel.com.
About Lucintel
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