Home > Food & Beverages > Proteins > Plant-Based Proteins > Textured Soy Protein Ingredient Market

Textured Soy Protein Ingredient Market Share

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

Download Free Sample

Textured Soy Protein Ingredient Market Share

Some of the major companies operating in the textured soy protein ingredient industry are :

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. These companies focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these companies are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.

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.