Textured Soy Protein Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
Global Textured Soy Protein Market - Snapshot
Soy proteins have emerged as one of the most commonly used base materials for textured vegetable proteins. Textures soy proteins are food products usually characterized by fibrous character, chewiness, and high structural integrity. The growing demand for meat substitutes is a key driver for the textured soy protein market. Textured soy protein are also used in certain meat products.
Key sources may consist of soy protein concentrates, soy flour, and soy protein isolates. Over the years, organic soy protein has gained popularity among vegan population. The increasing inclination toward organic food and beverage products has also influenced the course of the textured soy protein market.
The growing adoption of advanced technologies for making fibrous protein products, notably advancements in specialized die technology, is a key trend boosting the textured soy protein market. New formulations have emerged in soy concentrates and soy isolates, which help in the formation of fibrous soy protein products. These are expected to attract massive attention among consumers looking for alternatives for whole-muscle or restructured meat products, such as in meat emulsions.
Growing advancements in the textured soy protein helped in creating new flavors, color, and binders, thus propelling the growth of the textured soy protein market. Soy protein has become a staple for range of vegetable-based meat analogs. In recent years, naturally-colored ingredients have been used to allure customers in the textured soy protein market. A number of low-moisture meat analogs have gained popularity in recent years.
Advancements in storage technologies have whole-muscle meat has extended the horizon of players in the textured soy protein market. This especially relates to emulsification of fat and gel formation in soy isolates, with one of the aims of increasing the protein content of soy isolates. The growing demand for non-GMO textured soy proteins is also boosting the prospects for players in the textured soy protein market.
Global Textured Soy Protein Market: An Overview
Soy protein are the protein derived from soya bean and the defatted soy protein is commonly known as soy protein. The texture soy protein market is anticipated to rise on the back of its inexpensive nature and rapidly growing health-conscious population across the globe.
An upcoming report on the texture soy protein market by Transparency Market Research is expected to offer an in depth analysis on industry. The report is anticipated to cover every segments of the textured soy protein market. Along with this, the report is anticipated to consists of vital data that will help indicating growth and latest trend in the texture soy protein market during the forecast period.
Global Textured Soy Protein Market: Notable Developments
Some of the recent development in the global texture soy protein market are-
There has been a significant demand for textured soy owing to the significant rise in the food processing industry. This has increased application of texture soy protein in several sectors such as meat processing, functional foods, and dairy replacements. This is a major development expected to drive the textured soy protein market in the coming few years.
Global Textured Soy Protein Market: Key Trends
The textured soy protein market is like to expand at a significant phase during the forecast period. This is mainly due to flourishing food and beverage industry both in developed and developing nations.
Apart from this, significant rise in the demand for organic soy protein products is another prominent factor expected to drive the textured soy protein market. Additionally, surge in ready to use products is another factor likely to drive the textured soy protein market. This is because textured soy protein is a widely used in the manufacturing of these products.
However, a major that is likely to restraint growth in the textured soy protein market is the stringent government regulations for genetically modified crops owing to the risks associated on humans and the environment by consuming them. Along with this, inadequate consumer awareness regarding plant protein and protein isolates is another strong factor hampering market growth.
Use of Soy protein concentrates in manufacturing of several functional and nutritional ingredients such as baked products, breakfast cereals, and meat products is expected to offer lucrative avenue for the growth of the global textured soy protein market.
Global Textured Soy Protein Market: Regional Outlook
On the basis of region, the textured soy protein market is divided into North America, Asia, Latin America, Europe and the Middle East and Africa. Among all these North America accounted for the largest market share for textured soy protein in 2016 owing to the increase in demand for textured soy protein in countries such as the US and Canada.
Some of the most prominent competitors operating in the competitive landscape of global textured soy protein market include –
These players are focusing on brooding of their portfolio due to varied requirements from consumers. Apart from this, mergers, collaboration and business expansion are the top strategies used by them to tap several opportunities in the textured soy protein market.
The textured soy protein market has been segmented into:
The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.
TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.
TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.
5-Point Growth Formula
The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.
The 5-point growth formula includes the following points:
Current and Future Threats
Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.
Accurate Trend Analysis
Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.
The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.
The reports offer answers to the top 7 questions that revolve around the growth of the market
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report