Textured Soy Protein Ingredient Market Size

Textured Soy Protein Ingredient Market Size

Textured Soy Protein Ingredient Market size was valued at USD 469.1 million in 2023 and is estimated to witness 7.1% CAGR from 2024 to 2032. The rise of vegetarian, vegan, and flexitarian diets is driving demand for plant-based protein sources like textured soy protein as a meat alternative. Consumers are seeking healthier food options, and textured soy protein provides a low-fat, cholesterol-free protein source that can replace higher-fat animal proteins.

To get key market trends

  Download Free Sample

Increasing awareness of the importance of protein in the diet is driving demand for protein-enriched products, and textured soy protein offers a versatile protein source. The demand for meat analogues and alternatives, including burgers, sausages, and nuggets, is contributing to the growth of the textured soy protein ingredient market.

Ensuring a consistent and reliable supply of high-quality soybeans for processing into TSP can be affected by factors such as weather conditions and fluctuations in commodity markets. The processing of soybeans into TSP involves specific techniques, and maintaining consistency and quality during processing can be a challenge. TSP may not naturally contain certain nutrients found in animal-based meats, such as vitamin B12 and iron. Thus, the risks associated with textured soy protein ingredient may drive down the acceptance rate, further hampering the business growth.