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. At present, consumer trend towards choosing plant-based protein products and meat alternatives are resulting in the expansion of textured soy protein market size at a rapid pace.

Key Takeaways
Textured Soy protein application is fastest growing because of its continuous demand for Textured soy protein in numerous Food and Beverages application such as Meat Substitutes, Dairy alternatives, infant nutrition, Bakery products and others.
North America dominates the Textured Soy protein market owing to consumption of soy protein. The Textured Soy protein market is scope for different regions will be provided in final report.
Increasing demand for meat extenders, analogs, and substitutes in global food processing market and increasing demand for high-protein meat alternatives are the important drivers for Textured soy protein market.
Due to increasing concerns towards health these days, there has been demand for soy protein which is low fats and healthier diet. 

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By Geography – Segment Analysis
Based on the geography the Textured soy protein market is covered globally viz North America, South America, Europe, Asia Pacific (APAC) and Rest of World (ROW). Market in North America accounts for major share of 32% in terms of revenue and is projected to maintain its position over the forecast period. Growing adoption of vegan lifestyle, coupled with increasing demand for vegan food products are factors driving growth of the target market in respective countries in these region.

Market Drivers - Textured Soy Protein Market
Increasing demand for High-protein meat alternatives
High nutritional value of soy
 
 Textured Soy Protein Industry Outlook
Product launches, mergers and acquisitions, joint ventures and R&D activities are key strategies adopted by players in the Textured Soy Protein Market. In 2019, Textured Soy Protein market share is consolidated by the top ten players present in the market. Textured Soy Protein Market Top 10 companies include Cargill, Linyi Shansong Biological Products, ADM, Sonic Biochem, Hung Yang Foods, Dutch Protein & Services, DowDuPont, Wilmar International, Victoria Group, Bremil Group etc among others.


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