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:
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