Home > Food & Beverages > Proteins > Plant-Based Proteins > Textured Soy Protein Ingredient Market

Textured Soy Protein Ingredient Market Size - By Product (Isolate, Concentrate, Flour), By Type (Organic, Conventional, Non-GMO), By End-use (Food Processing, Snacks and Cereals, Bakery and Confectionery, Dairy Alternatives, Pet Food) & Forecast, 2024 – 2032

  • Report ID: GMI6453
  • Published Date: Aug 2023
  • Report Format: PDF

Textured Soy Protein Ingredient Market Size

Textured Soy Protein Ingredient Market size was valued at USD 469.1 million in 2023 and is estimated to witness 7.1% CAGR from 2024 to 2032. The rise of vegetarian, vegan, and flexitarian diets is driving demand for plant-based protein sources like textured soy protein as a meat alternative. Consumers are seeking healthier food options, and textured soy protein provides a low-fat, cholesterol-free protein source that can replace higher-fat animal proteins.
 

Textured Soy Protein Ingredient Market

To get key market trends   Download Free Sample

Increasing awareness of the importance of protein in the diet is driving demand for protein-enriched products, and textured soy protein offers a versatile protein source. The demand for meat analogues and alternatives, including burgers, sausages, and nuggets, is contributing to the growth of the textured soy protein ingredient market.

 

Ensuring a consistent and reliable supply of high-quality soybeans for processing into TSP can be affected by factors such as weather conditions and fluctuations in commodity markets. The processing of soybeans into TSP involves specific techniques, and maintaining consistency and quality during processing can be a challenge. TSP may not naturally contain certain nutrients found in animal-based meats, such as vitamin B12 and iron. Thus, the risks associated with textured soy protein ingredient may drive down the acceptance rate, further hampering the business growth.
 

COVID-19 Impact

The closure or limited operations of restaurants and foodservice establishments reduced demand for TSP as an ingredient in commercial kitchens. Transportation restrictions and border closures impacted the movement of ingredients and finished products, affecting distribution and availability. Thus, the reduced number of COVID-19 cases and implementation of subsequent strategies by government and non-government organizations is set to drive the market growth.
 

Textured Soy Protein Ingredient Market Trends

The increasing popularity of plant-based diets is driving the demand for textured soy protein as a versatile and sustainable source of protein for meat alternatives and other plant-based products. Manufacturers are investing in improving the texture and taste of textured soy protein-based products to enhance their acceptance among consumers. Textured soy protein's versatility allows manufacturers to customize its texture, flavor, and appearance to suit various culinary applications. Textured soy protein aligns with sustainability and ethical considerations, as it has a lower environmental impact compared to traditional meat production.
 

Textured Soy Protein Ingredient Market Analysis

Textured Soy Protein Ingredient Market, By Product, 2021 - 2032 (USD Million)
Learn more about the key segments shaping this market   Download Free Sample

The textured soy protein ingredient market from isolate product segment held over USD 173.7 million revenue in 2022. Protein isolates are characterized by their high protein content, which appeals to consumers seeking protein-rich diets and products. Protein isolates contribute to the structure and texture of meat analogues, enhancing their similarity to real meat.
 

Textured Soy Protein Ingredient Market Revenue Share, By Type, (2023)
Learn more about the key segments shaping this market   Download Free Sample

The organic segment accounted for 40% of the textured soy protein ingredient market share in 2022. Consumers are increasingly seeking organic products due to perceptions of them being healthier and free from synthetic chemicals, pesticides, and genetically modified organisms (GMOs).
 

The textured soy protein ingredient market from food processing segment is anticipated to grow at 6.8% CAGR through 2032. TSP is extensively used in creating plant-based meat alternatives and analogues to meet the rising demand for meatless protein options. TSP enriches the protein content of baked goods, bars, snacks, and other processed foods, appealing to health-conscious consumers.
 

U.S. Textured Soy Protein Ingredient Market Size, 2021- 2032 (USD Million)
Looking for region specific data?   Download Free Sample

U.S. textured soy protein ingredient market size held over USD 105.4 million in 2022. Consumers in North America are becoming more health-conscious, seeking protein-rich and nutritious foods, which drives the demand for TSP as a source of plant-based protein.
 

Textured Soy Protein Ingredient Market Share

Some of the major companies operating in the textured soy protein ingredient industry are :

  • ADM
  • Wilmar International Ltd
  • Cargill,Incorporated
  • International Flavors & Fragrances Inc
  • CHS Inc
  • BRF Global
  • Fuji Oil Holdings Inc.
  • Devansoy
  • Crown Protein Soya Group Company
  • AG Processing Inc.

The Scoular Company, Food Chem International Corporation, Kerry Ingredients and Flavours. These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Textured Soy Protein Ingredient Industry News:

  • In November 2022, Cargill, Incorporated entered into an agreement to add Owensboro Grain Company (US) to its North American agricultural supply chain business. The acquisition will help Cargill offer more soy products such as protein meal and hull pellets for animal feeds.
     

This textured soy protein ingredient market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Units from 2018 to 2032, for the following segments:

Click here to Buy Section of this Report


Market, By Product

  • Isolate
  • Concentrate
  • Flour

Market, By Type

  • Organic
  • Conventional
  • Non-GMO

Market, By End-use

  • Food Processing
  • Snacks and Cereals
  • Bakery and Confectionery
  • Dairy Alternatives
  • Pet Food
  • Others

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Malaysia 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Egypt

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of textured soy protein ingredient was recorded USD 469.1 million in 2023 and is set to reach USD 881.5 million by the end of 2032, backed by the consumer preference for vegetarian, vegan, and flexitarian diets.
The market share from food processing segment is anticipated to grow at 6.8% CAGR through 2032, as TSP is extensively used in creating plant-based meat alternatives and analogues to meet the rising demand for meatless protein options.
U.S. market size was worth USD 105.4 million revenue in 2022. Consumers in the region are becoming more health-conscious, seeking protein-rich and nutritious foods, driving the demand for TSP as a source of plant-based protein.
ADM, Wilmar International Ltd, Cargill, Incorporated, International Flavors & Fragrances Inc, CHS Inc, BRF Global, Fuji Oil Holdings Inc., Devansoy, Crown Protein Soya Group Company, AG Processing Inc., The Scoular Company, Food Chem International Corporation, Kerry Ingredients and Flavours.

Textured Soy Protein Ingredient Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 191
  • Countries covered: 21
  • Pages: 150
 Download Free Sample
 Download Free Sample