Textured Soy Protein Ingredient Market Size - By Product (Isolate, Concentrate, Flour), By Type (Organic, Conventional, Non-GMO), By End-use (Food Processing, Snacks and Cereals, Bakery and Confectionery, Dairy Alternatives, Pet Food) & Forecast, 2024 – 2032

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.

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.