According to a new market report by Lucintel, the future of the textured soy protein market looks promising with opportunities in the meat substitutes, dairy alternatives, bakery products, cereals and snacks, and animal feed market. The textured soy protein market is expected to grow with a CAGR of 9% from 2019 to 2024. The major growth drivers for this market are increasing demand for protein-rich food, high nutritional value of soy, being the preferred alternative for meat and dairy products, and a growing health-conscious population.
The textured soy proteins are a rich source of protein with little to no fat content and no cholesterol. In this market, textured soybean protein flour and textured soybean protein concentrate are the major product types. Soybean protein concentrates account for the largest segment.
Soy protein concentrates, soy protein isolates, and soy flour are the major sources of textured soy protein.
North America is the largest market over the forecast period due to increase in demand for textured soy protein in countries such as the US and Canada.

ADM, Cargill, DOW, DuPont, Wilmar International, Victoria Group, Bremil Group, Linyi Shansong Biological Products, Shandong Yuxin Bio-Tech, Crown Soya Protein Group, and Sonic Biochem are among the major manufacturers in the textured soy protein market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the textured soy protein market by product type, source, application, end use industry, and region. Lucintel has prepared a comprehensive research report titled "Textured Soy Protein Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the textured soy protein market by product type, source, application, end-use industry, and region as follows:
By Product Type [$M shipment analysis for 2013 – 2024]:
• Non-GMO
• Conventional
• Organic
By Source [$M shipment analysis for 2013 – 2024]:
• Soy protein concentrate
• Soy protein isolate
• Soy flour
By Application [$M shipment analysis for 2013 – 2024]:
• Meat substitutes
• Dairy alternatives
• Bakery products
• Cereals and snacks
• Animal feed
• Others
By End Use Industry [$M shipment analysis for 2013 – 2024]:
• Food
• Feed
By Region [$M shipment analysis for 2013 – 2024]:
• North America
• United States
• Canada
• Mexico
• Europe
• UK
• Germany
• Italy
• Asia Pacific
• China
• Japan
• India
• Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/textured-soy-protein-market.aspx or [email protected].
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the textured soy protein market by product type (Non-GMO, conventional, and organic), source (soy protein concentrates, soy protein isolates, and soy flour), application (meat substitutes, dairy alternatives, bakery products, cereals and snacks, animal feed), end-use industry (food and feed), and region (North America, Europe, Asia Pacific, Rest of the World)
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting the market dynamics? What are the drivers and challenges of the textured soy protein market?
Q.5 What are the business risks and threats to the textured soy protein market?
Q.6 What are the emerging trends in this textured soy protein market and the reasons
behind them?
Q.7 What are some of the changing demands of customers in the textured soy protein market?
Q.8 What are the new developments in the textured soy protein market? Which companies are leading these developments?
Q.9. Who are the major players in this textured soy protein market? What strategic initiatives are being implemented by key players for business growth?
Q.10.What are some of the competitive products and processes in this textured soy protein area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this textured soy protein market?