According to a new report, published by KBV research, The Global Textured Soy Protein Market size is expected to reach $1.9 billion by 2029, rising at a market growth of 12.4% CAGR during the forecast period.
The Organic segment is showcasing a CAGR of 13.3% during (2023 - 2029). This is owing to the increasing demand for organic food products due to the health benefits associated with organically grown soybeans. Adding organic matter and stimulating biological activity in the soil increases the availability of mineral nutrients to plants. This results in the microbial production of plant-beneficial compounds, which, upon further processing, leads to the development of soy proteins with superior texture.
The Food & Beverages segment acquired maximum revenue share in the Global Textured Soy Protein Market by Application in 2022 thereby, achieving a market value of $1.4 billion by 2029. This is because of the growing need for textured soy protein in food products from end-users due to its nutritional composition. Furthermore, more health-conscious individuals around the world choose high-protein foods. Consequently, the high demand for textured soy proteins due to their ability to function as an emulsifying salt, complexing/stabilizing agent, and flavor enhancer in the food & beverages industry is anticipated to drive the segment in the forecasted period.
The Textured Defatted Soy Flour (TSF) segment has shown the growth rate of 12.9% during (2023 - 2029). This is because it is gluten-free and high-protein for healthful eating. Soybean is a plant-based source of eight essential amino acids, fiber, B vitamins, calcium, and omega-3 fatty acids. It is beneficial for human health, with optimal benefits for the heart, bones, digestion, and metabolic function. Defatted Soya Flour (Toasted) is produced by milling 'Non-GMO' soybeans that have been selected, pre-cleaned, fractured, dehulled, and solvent extracted.
The North America market dominated the Global Textured Soy Protein Market by Region in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $628 million by 2029. The Europe market is experiencing a CAGR of 11.7% during (2023 - 2029). Additionally, The Asia Pacific market would showcase a CAGR of 13.3% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/textured-soy-protein-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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