Global demand for textured soy proteins is expected to grow at a high rate during the period of forecast, 2017-2026, mainly supported by the increasing health trend worldwide.
As awareness regarding healthy lifestyle increases, less fat & less carbohydrate content in food is becoming a major focus in regular diets across all age groups.
Additionally, along with their whey counterparts, soy proteins are preferred by most athletes, being a rich protein source. Textured soy proteins are considered as the best substitutes for meat products.
The rising preference for meat substitutes is therefore expected to directly influence consumption of textured soy proteins, thereby supplementing growth of the market.
As these food items deliver higher amount of nutrition, preference for meat substitutes in diet plans is rising, which is a promising avenue for higher sales of textured soy proteins.
According to Fact.MR’s new insightful report, the global market for textured soy proteins is projected to expand at a value CAGR of 6.9% throughout the period of assessment, 2017-2026 and is estimated to reach a value a little above US$ 3 Bn by end of the year of assessment (2026).
Increasing focus on healthy food and growing vegan population are few of the main aspects driving the global market’s growth.
Demand for Soy Protein Concentrates to Encourage the Growth of the Global Market
Being rich in proteins and fibrous material, soy protein concentrates are a widely used ingredient that enhance the meal nutrition and are largely used in several food products.
The consumption of soy protein concentrates is high among older population, lactating women, pregnant women as well as children.
Their demand is expected to grow at a stellar rate in the coming years owing to their wide adoption in poultry products, where they are used for retention of water.
This further helps in enhancing nutritional value of the food item by providing more protein content and reducing fats.
These factors have spurred the consumption of soy protein concentrates worldwide, whose sales are expected to reach a value of around US$ 2 Bn by end of analysis period.
The increasing sales of soy protein concentrates is poised to largely contribute to the growth of the global textured soy protein market in the coming years.
Know More Details About the Report
The global market for texturized soy proteins is characterized by growing number of regional players as well as presence of international players.
Increasing collaborations with regional players to gain hold in the local market have been observed.
Additionally, regional Asian markets are expected to showcase high growth potential owing to increasing preference for textured soy proteins in the region.
Companies involved in textured so proteins are focusing on grabbing major chunk in these areas thus giving rise to intense competition.
Few of the key players are Archer
- Archer Daniels Midland
- DuPont Nutrition & Health
- The Good Scents Company
- Abbott Nutritionals
- Kerry Group Plc.
- Friesland Campina.
Textured Soy Protein Market Scope Of The Report
Growing demand for nutritional food products is expected to drive the consumption of textured soy proteins in the coming years.
In addition, vegan food products are gaining high visibility due to increasing health awareness and problems associated with meat products.
A large percentage of population in the world is shifting towards vegan food and meat substitutes.
This is expected to spur the consumption of textured soy proteins in the coming years. Moreover, demand for soy protein concentrates is increasing among athletes and young population.
High sale of soy protein concentrates is expected to have high influence on growth of textured soy protein market in the near future.
Other macro factors such as high per capita income and expenditure on health products and high protein content food items is expected to drive the growth of the global textured soy protein market.
Analytical research report on global textured soy protein market by Fact.MR presents a detailed market scenario considering every angle associated with textured soy proteins.
This research report can assist the reader by supporting him in slating key decisions and implementing growth strategies in the years to follow.
In-depth analysis of the global market
The research study on global textured soy proteins market focuses on key trends, opportunities, challenges and drivers influencing the growth of the market.
These factors are scrutinized across key regions in the globe to gain a complete impact analysis on the market’s growth in a particular region.
Moreover, the research report presents an unbiased view of the global market presenting the data in a logical and systematic format.
Moreover, deep diving in the segments involved along with following a strong data mining process enables to sketch the possible future market direction and a complete scenario of the global textured soy proteins market with valuable insights and expert opinions that can deliver need based solutions.
The research report on global textured soy proteins market is carried out using an extensive research methodology that takes the analysis and statistics to a near 100 percent accuracy.
Comprehensive Research Methodology
The research methodology followed by Fact.MR is an extensive process that includes secondary and primary research modules.
Secondary research is carried out at the initial stage of the study which helps in gaining a complete understanding of the market.
Key decision makers, influencers and players are identified and are interviewed to gain incisive insights on every product segment.
The main feature of primary research is the re-evaluation of the gleaned data. At every stage, the data gathered so far is assessed multiple times thus gaining higher accuracy.
This research process enhances the credibility of our research and portrays an accurate market picture in front of the reader.
Complete intelligence package
The research report on global textured soy protein market includes analysis of various key players involved in the manufacturing of the product.
In the section titled competition landscape, the profiles of key players is covered which highlights their product portfolio analysis, pricing strategies, marketing strategies, promotion tactics, expansion plans, geographical spread, recent developments and innovations, mergers and acquisitions, key strategies, revenue, market shares, and other financials.
Main facts and activities of key players is included in this section that can support the reader in planning future moves to gain edge over the competition.
The companies included in this section are those which have enormous hold on the market and studying their tactics can definitely help the upcoming players to move up the ladder uncovering their new milestones.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
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