Report Ocean has recently published the “Textured Soy Protein Market “ Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.
The global textured soy protein market size was valued at $1.1 billion in 2018, and is projected to reach $2.1 billion by 2026, registering a CAGR of 8.7% from 2019 to 2026. Textured soy protein or textured vegetable protein is obtained from defatted soy flour. Defatted soy flour is made by grinding defatted soy flakes, which is obtain by removing oil from soybeans. Textured soy protein is available in dried chunks, powder, or granular form in the market. It is used as a meat analog or extender, which consists of higher protein content. It has a similar texture to beef meat or other meat products.
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Textured soy protein acts as an ideal substitute to meat, it is gaining higher traction among consumers who do not consume meat. This fact has driven the growth of the global textured soy protein market. Moreover, upsurge in vegan population due to increase in consumer awareness about the health benefits associated with plant-based proteins and rise in awareness about the issues associated with animal slaughter have driven the growth of the global textured soy protein market. However, availability of various substitutes such fava beans, chickpeas, chia, and quinoa offering similar nutritional value as that of textured soy protein is expected to restrict the growth of the market during the forecast period. On the contrary, plant-based products serve as an ideal substitute to dairy products. Thus, increase in lactose-intolerant population is anticipated to offer immense opportunity for market expansion in the near future.
The global textured soy protein market is segmented into nature, application, and region. On the basis of nature, the market is classified into organic, conventional, and non-GMO. By application, it is divided into food & beverages industry and feed industry. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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– Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
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– Major countries in each region are mapped according to their revenue contribution to the global industry.
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– The report includes the analysis of the regional as well as global market, key players, market segments, application areas, and growth strategies.
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Some of the major players in theglobal textured soy protein industry analyzed in this report include DuPont ,Archer Daniels Midland Company, Cargill, Incorporated., CHS INC, Kellog Company, Wilmar International Ltd, Bob’s Red Mill Natural Foods., Gushen Biological Technology Group Co., Ltd, Pacific Soybean & Grain, and Gremount International Company Limited.
Key Market Segments
– By Nature
o Organic
o Conventional
o Non-GMO
– By End User
o Food & Beverages Industry
o Feed Industry
– By Region
o North America
– U.S.
– Canada
– Mexico
o Europe
– UK
– Germany
– France
– Italy
– Spain
– Rest of Europe
o Asia-Pacific
– China
– Japan
– India
– South Korea
– Australia
– Rest of Asia-Pacific
o LAMEA
– Brazil
– Saudi Arabia
– South Africa
– Rest of LAMEA
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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Key Questions Market Research and Analysis Report
- What is the current market size, both in terms of value and volume?
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- Who are the major players in the market, and what is their market share?
- What are the market trends and dynamics influencing the industry?
- What are the key drivers of market growth?
- What are the challenges and barriers faced by market participants?
- What are the emerging opportunities in the market?
- What is the competitive landscape of the market?
- What are the consumer preferences, behaviors, and buying patterns within the market?
- What is the market segmentation, and how are different market segments performing?
- What are the pricing trends and strategies in the market?
- What are the distribution channels and their effectiveness in reaching the target audience?
- What are the regulatory and legal factors impacting the market?
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