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Textured Soy Protein Ingredient Market Analysis
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.
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 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.
How will food processing sector add to the textured soy protein ingredient industry value?
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.
How big is the textured soy protein ingredient market?
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.
Who are the main contenders in textured soy protein ingredient landscape?
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.
What is the size of the U.S. textured soy protein ingredient market?
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.