Textured Soy Protein Market Overview, Growth Opportunities & Restraints to 2027
Textured Soy Protein (TSP), is a
vegetable protein processed from soy beans and is available in a fibrous form.
TSP is gaining huge demand since it functions as a meat analogue in a variety
of food items. It is also a low-calorie and low-fat source of vegetable
protein. Global Textured
soy protein market is growing substantially, owing to the
high consumption of meat alternatives and plant sources protein with essential
amino acids and numerous nutrients. Textured soy proteins Market have the
properties of phytochemicals and fibers that improve the digestive system.
Soy beans are processed into textured
soy products by means of extrusion process. Soy beans in the extruder can pass
through a nozzle at a temperature of 150-200 °C, while still hot and gradually
expanding with time. The soy beans are heated so that the heat denatures the
soy beans into a fibrous, insoluble, porous network that can soak up as much as
three times its weight in liquids.
Textured soy protein products are used
to extend or replace meat products in food industry to manufacture meat
substitutes, extenders, and analogues. Soy is grown organically and
conventionally, where organic soy plays an upper hand with beneficial nutritional
properties due to its higher protein content and lower saturated fat levels as
compared to conventional soy.
Key Players
Some of the key players in the global
textured soy protein market are Archer-Daniels-Midland Co. (U.S.), Cargill,
Inc. (U.S.), Dow DuPont (U.S.), Wilmar International Ltd. (Singapore), Victoria
Group (Serbia), Bremil Group (Brazil), Linyi Shansong Biological Products Co.,
Ltd. (China), Shandong Yuxin Bio-Tech Co., Ltd. (China), Crown Soya Protein
Group (China), Sonic Biochem Extractions Ltd. (India), and Hung Yang Foods Co.,
Ltd. (Netherlands).
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Segmentation
The global
textured soy protein market has been segmented into type, form, and
application.
The market on
the basis of type has been segmented into conventional and organic.
The market, by
form, has been segmented into soy protein concentrates, soy protein isolates,
and soy flour.
The market, by
application, has been segmented into meat substitutes, dairy alternatives, infant
nutrition, bakery products, cereals & snacks, and feed.
Regional
Analysis
North America
currently leads the world in soybean production and most of the soybean produce
is crushed to extract oil. The US, Brazil, and Argentina collectively account
for more than 90 percent of world export of soybeans, soybean meal, and soybean
oil. Consumers in developing countries have been observed to change their
dietary patterns with increase in the per capita disposable income. Vegan
consumers are increasing in the US where these people seek for protein source
other than animals. Vegan consumers highly depend on textured soy proteins for
protein in their diet. The US is a matured market with strong economy
contributing heavily towards meat alternatives including textured soy proteins,
thereby giving a scope for manufacturers to be a part of the growing Global textured
soy protein market. Europe has been a steady market for textured soy proteins
owing to the shift towards healthier eating habits. Asia-Pacific is seen to the
fastest growing market for textured soy proteins due to ever-increasing
population, globalization of eating trends, rising per capita disposable income
in developing economies.
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