Global Textured Soy Protein Market Size - Global Industry Growth, New Opportunities and Forecast – 2027
Market Highlights
Textured Soy Protein
(TSP), is a vegetable protein processed from soy beans and is available in a
fibrous form. TSP is gaining huge demand since it functions as a meat analogue
in a variety of food items. It is also a low-calorie and low-fat source of
vegetable protein. Textured soy protein market size is growing substantially,
owing to the high consumption of meat alternatives and plant sources protein
with essential amino acids and numerous nutrients. Textured soy proteins have
the properties of phytochemicals and fibers that improve the digestive system.
Soy beans are
processed into textured soy products by means of extrusion process. Soy beans
in the extruder can pass through a nozzle at a temperature of 150-200 °C, while
still hot and gradually expanding with time. The soy beans are heated so that
the heat denatures the soy beans into a fibrous, insoluble, porous network that
can soak up as much as three times its weight in liquids.
Textured soy protein
products are used to extend or replace meat products in food industry to
manufacture meat substitutes, extenders, and analogues. Soy is grown
organically and conventionally, where organic soy plays an upper hand with
beneficial nutritional properties due to its higher protein content and lower
saturated fat levels as compared to conventional soy.
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Regional Analysis
North America
currently leads the world in soybean production and most of the soybean produce
is crushed to extract oil. The US, Brazil, and Argentina collectively account
for more than 90 percent of world export of soybeans, soybean meal, and soybean
oil. Consumers in developing countries have been observed to change their
dietary patterns with increase in the per capita disposable income. Vegan
consumers are increasing in the US where these people seek for protein source
other than animals. Vegan consumers highly depend on textured soy proteins for
protein in their diet. The US is a matured market with strong economy
contributing heavily towards meat alternatives including textured soy proteins,
thereby giving a scope for manufacturers to be a part of the growing textured
soy protein market size. Europe has been a steady market for textured soy
proteins owing to the shift towards healthier eating habits. Asia-Pacific is
seen to the fastest growing market for textured soy proteins due to
ever-increasing population, globalization of eating trends, rising per capita
disposable income in developing economies.
Segmentation
The global textured soy protein
market size has been segmented into type, form, and application.
The market on the
basis of type has been segmented into conventional and organic.
The market, by form,
has been segmented into soy protein concentrates, soy protein isolates, and soy
flour.
The market, by
application, has been segmented into meat substitutes, dairy alternatives, infant
nutrition, bakery products, cereals & snacks, and feed.
Key Players
Some of the key
players in the global textured soy protein market size are
Archer-Daniels-Midland Co. (U.S.), Cargill, Inc. (U.S.), Dow DuPont (U.S.),
Wilmar International Ltd. (Singapore), Victoria Group (Serbia), Bremil Group
(Brazil), Linyi Shansong Biological Products Co., Ltd. (China), Shandong Yuxin
Bio-Tech Co., Ltd. (China), Crown Soya Protein Group (China), Sonic Biochem
Extractions Ltd. (India), and Hung Yang Foods Co., Ltd. (Netherlands).
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