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Textured Soy Protein Ingredient Market Trends

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

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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.

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.