The Europe Textured Soy Protein Market would witness market growth of 11.7% CAGR during the forecast period (2023-2029).
The demand for foods high in protein is anticipated to increase. Customers choose low-carb and low-fat foods due to rising health consciousness, driving product demand. Additionally, the market's expansion throughout the projection period is anticipated to be supported by the expanding demand in the functional drinks sector. Furthermore, the market is expected to grow due to rising demand for Ready-to-Eat (RTE) food products brought on by an active lifestyle. The market will probably grow as textured soy protein becomes more and more well-liked as a meat alternative.
In addition to having plant-based protein, TSP has several health advantages. It is a high-protein food that is low in calories, fat, and cholesterol and high in critical amino acids. It is also a good source of dietary fiber, which supports digestive health and promotes fullness. These health advantages have helped TSP become a more well-liked meat substitute.
TSP's affordability also fuels the market for TSP. TSP is a reasonable solution for producers looking to generate affordable meat substitutes because it is less expensive than other protein sources like meat. As a result, TSP is now a well-liked ingredient in various goods, from vegetarian burgers to meatless meatballs.
Players have more room to spend on the various uses that plant-based proteins can be put into due to the range of resources from which textured soy protein may be produced. The German food industry as a whole is becoming more and more dependent on soybeans. The businesses are pleased to keep growing their capacity to process non-GMO soybeans to fulfill rising demand in human and animal nutrition and give nearby farmers more chances to market their produce. The market expansion in Europe will be aided by the rising soybean output, increasing the availability of various textured soy protein-based products, and satisfying the growing need for healthy and vegan food items.
The Germany market dominated the Europe Textured Soy Protein Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $116.6 Million by 2029. The UK market is anticipated to grow at a CAGR of 10.7% during (2023 - 2029). Additionally, The France market would experience a CAGR of 12.6% during (2023 - 2029).
Based on Type, the market is segmented into Conventional and Organic. Based on Application, the market is segmented into Food & Beverages and Animal Feed. Based on Product, the market is segmented into Textured Soy Protein Concentrate (TSPC), Textured Defatted Soy Flour (TSF) and Textured Soy Protein Isolate. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Textured Soy Protein Market is Projected to reach USD 1.9 Billion by 2029, at a CAGR of 12.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer Daniels Midland Company, Cargill, Incorporated, Bunge Limited, International Flavors & Fragrances, Inc., Wilmar International Limited, Linyi Shansong Biological Products Co., Ltd., Bremil Group, Sonic Biochem Extractions Pvt. Ltd., Shandong Yuxin Bio-Tech Co.,Ltd. and Crown Soya Protein Group Company.
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