TMR Research delivers incisive insights into emerging regions in its latest report titled,
“Textured Soy Protein Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2028”.
Global Textured Soy Protein Market: An Overview
Soy protein are the protein derived from soya bean and the defatted soy protein is commonly known as soy protein. The texture soy protein market is anticipated to rise on the back of its inexpensive nature and rapidly growing health-conscious population across the globe.
An upcoming report on the texture soy protein market by Transparency Market Research is expected to offer an in depth analysis on industry. The report is anticipated to cover every segments of the textured soy protein market. Along with this, the report is anticipated to consists of vital data that will help indicating growth and latest trend in the texture soy protein market during the forecast period.
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Global Textured Soy Protein Market: Notable Developments
Some of the recent development in the global texture soy protein market are-
There has been a significant demand for textured soy owing to the significant rise in the food processing industry. This has increased application of texture soy protein in several sectors such as meat processing, functional foods, and dairy replacements. This is a major development expected to drive the textured soy protein market in the coming few years.
Global Textured Soy Protein Market: Key Trends
The textured soy protein market is like to expand at a significant phase during the forecast period. This is mainly due to flourishing food and beverage industry both in developed and developing nations.
Apart from this, significant rise in the demand for organic soy protein products is another prominent factor expected to drive the textured soy protein market. Additionally, surge in ready to use products is another factor likely to drive the textured soy protein market. This is because textured soy protein is a widely used in the manufacturing of these products.
However, a major that is likely to restraint growth in the textured soy protein market is the stringent government regulations for genetically modified crops owing to the risks associated on humans and the environment by consuming them. Along with this, inadequate consumer awareness regarding plant protein and protein isolates is another strong factor hampering market growth.
Use of Soy protein concentrates in manufacturing of several functional and nutritional ingredients such as baked products, breakfast cereals, and meat products is expected to offer lucrative avenue for the growth of the global textured soy protein market.
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Global Textured Soy Protein Market: Regional Outlook
On the basis of region, the textured soy protein market is divided into North America, Asia, Latin America, Europe and the Middle East and Africa. Among all these North America accounted for the largest market share for textured soy protein in 2016 owing to the increase in demand for textured soy protein in countries such as the US and Canada.
Textured Soy Protein Market: Competitive Landscape
The textured soy protein market is likely to depicts a fragmented and competitive landscape. This is mainly due to presence of several players in the market. Some of the prominent players operating in the textured soy protein market are DM, Cargill, DowDuPont, Wilmar International, Victoria Group, Bremil Group, Linyi Shansong Biological Products, Shandong Yuxin Bio-Tech, Crown Soya Protein Group, Sonic Biochem, and Hung Yang Foods. These players are focusing on brooding of their portfolio due to varied requirements from consumers. Apart from this, mergers, collaboration and business expansion are the top strategies used by them to tap several opportunities in the textured soy protein market.
The textured soy protein market has been segmented into:
- Soy protein concentrates
- Soy protein isolates
- Soy flour
- Meat substitutes
- Dairy alternatives
- Infant nutrition
- Bakery products
- Cereals & snacks
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