The research report presents a comprehensive assessment of the Textured Soy Protein market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry
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Growing demand for nutritional food products is expected to drive the consumption of textured soy proteins in the coming years. In addition, vegan food products are gaining high visibility due to increasing health awareness and problems associated with meat products. A large percentage of population in the world is shifting towards vegan food and meat substitutes. This is expected to spur the consumption of textured soy proteins in the coming years. Moreover, demand for soy protein concentrates is increasing among athletes and young population. High sale of soy protein concentrates is expected to have high influence on growth of textured soy protein market in the near future. Other macro factors such as high per capita income and expenditure on health products and high protein content food items is expected to drive the growth of the global textured soy protein market.
Analytical research report on global textured soy protein market by Fact.MR presents a detailed market scenario considering every angle associated with textured soy proteins. This research report can assist the reader by supporting him in slating key decisions and implementing growth strategies in the years to follow.
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In-depth analysis of the global market
The research study on global textured soy proteins market focuses on key trends, opportunities, challenges and drivers influencing the growth of the market. These factors are scrutinized across key regions in the globe to gain a complete impact analysis on the market’s growth in a particular region. Moreover, the research report presents an unbiased view of the global market presenting the data in a logical and systematic format. Moreover, deep diving in the segments involved along with following a strong data mining process enables to sketch the possible future market direction and a complete scenario of the global textured soy proteins market with valuable insights and expert opinions that can deliver need based solutions. The research report on global textured soy proteins market is carried out using an extensive research methodology that takes the analysis and statistics to a near 100 percent accuracy.
With increasing diseases associated with meat, for instance bird flu and swine flu, plant-derived proteins are gaining high traction owing to growing consumption by health conscious people worldwide. Increasing demand for vegetable proteins has directly spurred the consumption of their textured soy counterparts. Another factor pushing the sales of textured soy proteins includes growing preference for meat substitutes. Meat substitutes offer various health benefits by filing the nutritional gaps in regular diets.
With growing incidences of diabetes and rising cholesterol, demand for low fat healthy diet is rising. This has triggered the consumption of vegan food among health conscious population across the globe. Meat substitutes are becoming a priority in regular meals as they deliver high national value and low fat diet. Also, increasing standards of living of people and high GHDI are expected to influence the consumption of not-so-cost efficient meat substitutes. This is expected to exert a positive impact on the consumption of textured soy proteins in the years to follow. Moreover, manufacturers are undertaking several research and development initiatives to develop superior and novel quality products to cater to the growing demand of health conscious people.
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According to Fact.MR, the volume of textured soy proteins across the globe is expected to touch over 1,364,000 tons by the end of the year of assessment (2026), which is influenced with increasing consumption of the product.
Asia Pacific Excluding Japan (APEJ) to be at the Apex With Respect to Consumption of Textured Soy Proteins
Textured soy proteins have witnessed high consumption among middle class population in Asian countries. With increasing cardiovascular disorders in the region, the demand for healthy diet is rising, which has pushed the sales of vegan foods and low fat products. This has triggered the consumption of textured soy proteins among population of emerging countries such as India and China. Moreover, growing health trend has surprisingly pushed the consumption of high protein diet in the region. These factors are driving the growth of the textured soy protein market in this region. According to research report, by end of assessment period, the sales of textured soy proteins in APEJ is estimated to reach US$ 1500 Mn supported by high demand for soy protein concentrates.
Other Key Highlights on Global Textured Soy Protein Market
- As compared to soy protein isolates and other soy products, consumption of soy protein concentrates is higher and is expected to soar in the coming years. According to Fact.MR, soy protein concentrates consumption is expected to grow by 8.5% during the assessment period
- With respect to form, demand for dry textured soy proteins is higher than liquid. The main aspect deriving this demand is convenience while cooking and intake. Moreover, from a distribution standpoint, dry food items pose less challenges as compared to liquid products. Sale of dry textured soy proteins s expected to reach a value of over US$ 2 Bn by 2026 end
- Application of textured soy proteins is high in infant nutrition and bakery products. Infant diet is gaining high steam since past years, which has pushed the consumption of high protein diet. This has driven the demand for textured soy proteins in infant formula as well. Moreover, the use of textured soy proteins in bakery products is anticipated to grow at a comparatively higher pace in the coming years
Key players involved in the production of textured soy proteins are focusing on emerging economies and also striving to innovate the products by enhancing their quality. Major companies include Cargill Inc., Arla Foods, Costantino Special Protein, New Alliance Dye Chem Pvt.Ltd., Solae LLC and Bunge.
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The report answers important questions which include:
- Why is player leading the Textured Soy Protein Market in region?
- Which factors pose a negative impact on the Textured Soy Protein Market growth?
- What was the value registered by the Textured Soy Protein Market in 2018?
- What challenges do the Textured Soy Protein Market players face during R&D stages?
- Which countries contribute a significant share to the total market revenue in region?
Key findings of the Market report:
- Prominent manufacturers, raw material suppliers, equipment providers, traders, and distributors in the Textured Soy Protein market.
- In-depth analysis of important market segments, market potential, impacting trends, and challenges.
- Critical examination of the strengths, weaknesses, opportunities and threats of each Market player.
- Extensive investigation of the effects of the growth of relevant industries.
- Accurate data regarding the future prospects of the Market during the forecast period.
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