The textured soy protein market is estimated at USD 1.73 Billion in 2017 and is projected to grow at a CAGR of 9.5% from 2017 to 2022. The textured soy protein market is segmented on the basis of type, application, source, and region. The types of textured soy protein include non-GMO, conventional, and organic textured soy protein. This market has also been segmented on the basis of application into food which includes meat substitutes, dairy alternatives, bakery products, infant nutrition, cereals & snacks, and feed. The market has been segmented on the basis of source into soy protein concentrates, soy protein isolates, and soy flour. On the basis of key regions, the textured soy protein market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW).
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The Asia Pacific region is expected to be the fastest growing market for textured soy protein between 2017 and 2022. The food & beverages market in the Asia Pacific region is currently undergoing a significant transformation in response to rapid urbanization and diet diversification. Leading companies such as Cargill (US) have expanded their facilities in Asian countries to meet the increasing demand for textured soy protein.
The US accounted for the largest share of the North American textured soy protein market in 2016. The market is also characterized by the presence of large-scale textured soy protein manufacturers such as Cargill (US), ADM (US), and DowDuPont (US)
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Leading companies are ADM (US), Cargill (US), DowDuPont (US), Wilmar International (Singapore), Victoria Group (Serbia), Bremil Group (Brazil), Linyi Shansong Biological Products (China), Shandong Yuxin Bio-Tech (China), Crown Soya Protein Group (China), Sonic Biochem (India), and Hung Yang Foods (Netherlands).
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