Textured Soy Protein: Popular Substitute for Meat and Inexpensive Source Of Protein
According to a new report published by Reports Monitor titled, “Global Textured Soy Proteins Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Textured Soy Proteins market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Textured soy protein also termed as textured vegetable protein is derived from the soybeans. It is frequently used as substitute for meat. Textured soy protein is made from soy flour, soy concentrate or soy protein isolate. Textured soy proteins are available in the form of chunks, slices, flakes, crumbles or bits. . It is used to produce veggie bacon, chicken nuggets, soy-burgers etc. Presence of higher nutritional elements and growing popularity as a meat substitute results as a significant factor in boosting the market growth. Simultaneously, ease of availability and inexpensive source of protein is also contributing in the market growth. However strict government regulations for genetically modified crops may result in restraining the market growth.
The Global Textured Soy Proteins Market Professional Survey Report scrutinizes the present scenario and the future growth prospects of the Industry. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth and detailed analysis along with important inputs from the various industry experts.
The global textured soy protein market is primarily segmented on the basis of: source, applications. Depending upon the source used the market is segmented into: soy concentrates, soy flour and soy isolates. Based on the applications the market is bifurcated into: meat and dairy substitutes, infant nutrition and bakery products and others.
Based on the regions covered the textured soy protein market is analysed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). North America is expected to dominate the market mainly due to the increased production of soybeans in the country such as United States. According to the Unites States Department of Agriculture (USDA), the total volume of soybeans produced is nearly about 119.518 million tons in the year 2017-18. Asia Pacific is projected to evolve as fastest growing regions mainly due to the increased production of soy beans in the countries such as China and India.
The key vendors in the Textured Soy Proteins market are: Cargill, Victoria Group, Linyi Shansong Biological Products, Archer Daniels Midland, Wilmar International, Crown Soya Protein Group, Sonic Biochem, Bremil Group, Sonic Biochem and others.
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