Textured Soy Protein Market is forecast to reach revenue of $3.16 Billion by 2025, growing at a CAGR of 8.45% during the forecast period 2020-2025. Textured soy protein (TSP) is also known as textured or texturized vegetable protein (TVP) but the generic name is total soy protein (TSP), because it contains a derivative of soybeans than vegetables. Soy meat or soya chunks are defatted soy flour product as well as a by-product of soybean oil.
Global Soy Protein Market is estimated to reach $7430 million by 2024 with CAGR of 5.9% between 2016 and 2024. Soy protein is an essential component of soybean and is also an abundant source of dietary proteins.
The global textured vegetable protein market size is estimated at USD 1.4 billion in 2022 and is projected to reach USD 1.9 billion by 2027, at a CAGR of 6.9% from 2022 to 2027. A considerable percentage of the population in western countries has shifted toward a diet with reduced meat consumption, demanding healthy and tasteful meat-free food products. Due to changes in consumption patterns among consumers, food manufacturers are emphasizing on vegetable proteins, such as pulses, wheat gluten, and soy protein, which are processed into meat-like products known as meat analogues. These products mimic certain aesthetic qualities, such as texture, flavor, color, and nutritional characteristics of specific types of meat.
The textured vegetable protein market size is projected to reach USD 2.3 billion by 2029 from USD 1.7 billion by 2024, at a CAGR of 6.8% during the forecast period in terms of value.
The Soy Protein Market stands as a dynamic force within the broader landscape of the food industry, reflecting the evolving preferences of consumers and the increasing prominence of plant-based diets. Derived from soybeans, Soy Protein Market has transcended its traditional role to become a versatile and sustainable source of nutrition, influencing a myriad of food and beverage applications.
Textured Vegetable Protein Market is Segmented by Source (Soy, Wheat, and Pea), Application (Meat Alternatives, Cereals & Snacks), Type (Slices, Chunks, Flakes, and Granules), Form , Nature and Region.
Global soy protein market size is expected to reach $13.7 Bn by 2028 at a rate of 5.5%, segmented as by product type, soy protein concentrates, soy protein isolates, textured soy protein, soy flour
Increasing consumer awareness regarding healthy diet, increasing demand for proteins as nutritional and functional ingredients and growth of the functional food & beverage industry are the key factors contributing to high CAGR of Protein Ingredients market during the forecast period.
According to the latest research report by IMARC Group, The global textured soy protein market size reached US$ 1.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.8 Billion by 2032, exhibiting a growth rate (CAGR) of 8.1% during 2024-2032. More Info:- https://www.imarcgroup.com/textured-soy-protein-market
Global textured vegetable protein market size is expected to reach $10.65 Bn by 2028 at a rate of 53.8%, segmented as by product type, textured soy protein, textured wheat protein, textured pea protein, other product types
Global soy protein market size is expected to reach $13.7 Bn by 2028 at a rate of 5.5%, segmented as by product type, soy protein concentrates, soy protein isolates, textured soy protein, soy flour, grits, and chunks
According to the latest research report by IMARC Group, The global food alternative protein market size reached US$ 19.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 52.3 Billion by 2032, exhibiting a growth rate (CAGR) of 11.1% during 2024-2032. More Info:- https://www.imarcgroup.com/food-alternative-protein-market
The global wheat protein market was bustling with growth in the historical period assessment and growing at a rate of 4.5% between 2018 and 2022. This market value increased and registered the sales of US$ 3,286.1 million in the year 2023.
The global wheat protein market size is anticipated to reach a value of $2.5 billion by 2023 and $3.2 billion by 2028, representing a compound annual growth rate (CAGR) of 4.9% from 2023 to 2028.
Global Soy Protein Market Size is projected to be valued $7.4 Billion by 2024; with a CAGR of 5.8% from 2017 to 2025. Soy protein, generally regarded as the storage protein, is isolated from soybean held in discrete
The global functional proteins market is expected to reach at a CAGR of 5.6% during forecast period, the global market will reach a value of 6.1 BN by 2025. The base value is considered USD 4.6 Bn in 2020.
Soy protein is among the most versatile, nutritious, reliable, and economical sources of plant-based protein, with a broad spectrum of applications across the food and animal feed industries.
Protein Ingredient Market Size By Product [Animal/Dairy proteins (Milk Protein Concentrates/Isolates, Egg Protein, Whey Protein Concentrates, Whey Protein Isolates, Whey Protein Hydrolysates, Casein/Caseinates, Gelatin), Plant Proteins (Wheat, Soy Protein Isolates, Soy Protein Concentrates, Canola, Pea, Textured Soy Protein)],By Application [Infant Formulation, Personal Care & Cosmetics, Food & Beverages, Animal Feed (Pet Food, Aquaculture), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, China, India, Japan, Australia, South Korea, Indonesia, Malaysia, Thailand, Brazil, Saudi Arabia, UAE), Application Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2024
The Plant-based Protein Market is anticipated to witness substantial growth in the coming years. Rise in potential applications and new developments in Food and Beverage industry
The global soy and milk protein ingredients market size reached US$ 12.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 18.7 Billion by 2027, exhibiting a growth rate (CAGR) of 7.8% during 2022-2027. More info: https://www.imarcgroup.com/soy-milk-protein-ingredients-market
Vegetable protein market is expected to be growing at a growth rate of 10.2% in the forecast period of 2021 to 2028. The increase in innovations in the technologies used for extraction of vegetable-based protein will act as a driving factor to the growth of the vegetable protein market.
Soy protein is an essential component of soybean and is also an abundant source of dietary proteins. Soya contains a complete source of dietary protein essential for humans, unlike plant protein; it contains all necessary amino acids and other micronutrients.
[148 Pages Report] Organic Soy Protein Market report categorizes the global market by Type (Concentrates, Isolates, and Flour), Application (Functional Foods, Infant Formula, Bakery & Confectionery, Meat Alternatives, and Dairy Alternatives), Form (Dry and Liquid), and by Region
The pea protein market size is projected to increase due to the rising vegetarian population. Pea protein contains a high nutrional profile and functionality. The emerging markets with increasing demand for pea protein are estimated to generate potential opportunities in the market. See Full Report @ bit.ly/1vZaVct
The Global Meat Substitutes Market is expected to attain a market size of $6.5 billion by 2023, growing at a CAGR of 5.9% during the forecast period. Consuming meat is an essential part of life for many people. Full report: https://kbvresearch.com/global-meat-substitutes-market/
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Plant-based Protein Market by Source (Soy, Wheat, Pea, and Others), Type (Isolate Protein, Textured Protein, and Concentrate Protein), Application (Food and Beverages, Animal Feed, Pharmaceuticals & Nutraceuticals, and Others): Global Market Size Estimates and Forecast (2022–2030)
The report on Soy Protein by Infinium Global Research analyzes the the Soy Protein Market over the period of 2017 to 2023. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in Global Soy Protein Market. It will help a lot of decision makers to develop strategies and find new opportunities in the Global markets of Soy Protein.
The global protein alternatives market is estimated at USD 15.7 billion in 2024; it is projected to grow at a CAGR of 9.9% to reach USD 25.2 billion by 2029. The protein alternatives market has experienced rapid growth and diversification in recent years, driven by increasing consumer demand for sustainable, health-conscious, and ethically produced food options.
The report provides a detailed analysis of the protein ingredients market, which is segmented into animal protein [dairy (milk protein concentrates, whey protein, and casein), egg and gelatin] and plant protein [soy (soy protein isolates, soy protein concentrates, and textured soy protein), wheat, and vegetable proteins]. The market size for protein ingredients is also analyzed for the key regions North America, Europe, Asia-Pacific, and Rest of the World (RoW).
Global plant-based protein market size is expected at $24.89 Bn by 2027 at a growth rate of 11.3% and growth analysis by The Business Research Company.
The food inclusions market size is projected to reach USD 18.7 billion by 2027, recording a CAGR of 6.9%. It was estimated to be valued at USD 13.4 billion in 2022. The changing dynamics, owing to the factors such as the changing consumer requirements, industrial investments, R&D, increasing stringency of food regulations, and a greater urge among industry players to attain the market leadership position, have led to continuous innovations in product offerings by market players, which are aligned with consumer demand.
The Global Soya Flour Market size is estimated to reach $1,350 million by 2027. Furthermore, it is poised to grow at a CAGR of 3.4% over the forecast period of 2022-2027.
The global plant-based meat market is estimated to be valued at USD 7.9 billion in 2022. It is projected to reach USD 15.7 billion by 2027, with a CAGR of 14.7%, in terms of value between 2022 and 2027.
Industry Probe has titled an upcoming report as “Pea Protein Market – Global Industry Dynamics 2019-20, Trends and Forecast, 2021–2028” to its ever-growing database of reports.
Protein Ingredients Market report categorizes the global market on the basis of Application (Pharmaceuticals, Animal Feed, Food & Beverages, and Cosmetics & Personal Care), Form (Dry and Liquid), Source (Plant & Animal) & by Geography (NA, SA, EU, APAC, RoW).
The wheat protein market has been largely driven by the growing demand for bakery products, the increasing popularity of plant-based foods, wheat protein being a suitable alternative for non-animal protein among vegans coupled with nutritional benefits for lactose-intolerant consumers.
Protein Ingredients Market report categorizes the global market on the basis of Application (Pharmaceuticals, Animal Feed, Food & Beverages, and Cosmetics & Personal Care), Form (Dry and Liquid), Source (Plant & Animal) & by Geography (NA, SA, EU, APAC, RoW).
APAC Pea Protein Market size is predicted to exceed USD 95 million by 2026, according to a latest forecast report by Graphical Research. Increase in the awareness about protein-based diets among athletes and millennials has boosted the demand for plant-based proteins as meat alternatives, nutraceutical, and sport supplements. Further, increasing consumer spending on health and wellbeing and shift to vegan diets should stimulate the APAC pea protein market growth.