Textured soy protein market is hit to $3.60 billion growing at a CAGR of 9.5% in the forecast by2026

Analysis of Global textured soy protein report:

The global textured soy protein market is expected to reach USD 3.60 billion by 2025, from USD 1.74 billion in 2017, growing at a CAGR of 9.5% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Definition:

This market report defines the market trends and forecast the upcoming opportunities and threats of the textured soy protein market in the next 8 years. Textured soy protein (TSP) is also known as textured or texturized vegetable protein (TVP) but the generic name is total soy protein (TSP), because it contains a derivative of soybeans than vegetables. Soy meat or soya chunks are defatted soy flour product as well as a by-product of soybean oil. It is often used as an equivalent of meat. Textured soy proteins are frequently used as a meat replacement and also in some cases it’s used as a meat extender. It has a texture that is a kind of substitute to ground beef. Hence, it's an ideal meat substitute in spaghetti sauces, chili, tacos and even hamburgers. TVP can also be used as an additive in meat dishes to help a little meat go a long way. It's commonly used in the cafeterias of institutions with inadequate financial resources, such as schools and prisons.

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Leading Key players profiled in this report are:

Some of the major players operating in the global textured soy protein market are Archer Daniels Midland Company, Cargill, Incorporated., DowDuPont, Wilmar International Ltd., Victoria Group, Bremil Group, Linyi Shansong Biological Products Co., SHANDONG YUXIN BIO-TECH CO.,LTD, Media Data Systems Pte Ltd, sonicbiochem, DPS/Dutch Protein & Services, TAITRA, Bob’s Red Mill Natural Foods, Macmillan Holdings, LLC., Canadian Bio-Systems Inc. Harmony House Foods, Infocom Network Limited, HUNG YANG FOODS, UL LLC, among others.

Major Market Drivers and Restraints:

• Low-priced source of protein.
• High nutritional value of soy.
• Possible substitute for meat & dairy products.
• Rising health-conscious population.
• Strict regulations by government for genetically modified crops

Global textured soy protein Market Segmentation:

• The global textured soy protein market is segmented based on product type, source, application, distribution channel and geographical segments.
• Based on type, the global textured soy protein market is segmented into Non-GMO, conventional, organic, and other types.
• On the basis of, the global textured soy protein market is classified into soy protein concentrates, soy protein isolates and soy flour.
• On the basis of application, the market is segmented into food and feed. The food market segment is further segmented into meat substitutes, dairy alternatives, infant nutrition, bakery products and cereal & snacks.
• Based on geography, the global textured soy protein market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa.

Competitive Analysis: Global Textured Soy Protein Market

The global textured soy protein market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of textured soy market for global, Europe, North America, Asia Pacific and South America.

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The Global textured soy protein market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global textured soy protein market. The industry changing factors for the market segments are explored in this report. This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.

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