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Textured Soy Protein Market by Nature and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 4989464
  • Report
  • October 2019
  • Region: Global
  • 210 pages
  • Allied Analytics LLP
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FEATURED COMPANIES

  • Cargill Inc.rporated
  • CHS INC
  • DuPont
  • Gremount International
  • Kellog Company
  • Pacific Soybean & Grain
  • MORE
The global textured soy protein market size was valued at $1.1 billion in 2018, and is projected to reach $2.1 billion by 2026, registering a CAGR of 8.7% from 2019 to 2026. Textured soy protein or textured vegetable protein is obtained from defatted soy flour. Defatted soy flour is made by grinding defatted soy flakes, which is obtain by removing oil from soybeans. Textured soy protein is available in dried chunks, powder, or granular form in the market. It is used as a meat analog or extender, which consists of higher protein content. It has a similar texture to beef meat or other meat products. Textured soy protein acts as an ideal substitute to meat, it is gaining higher traction among consumers who do not consume meat. This fact has driven the growth of the global textured soy protein market.

Moreover, up-surge in vegan population due to an increase in consumer awareness about the health benefits associated with plant-based proteins and rise in awareness about the issues associated with animal slaughter have driven the growth of the global textured soy protein market. However, availability of various substitutes such fava beans, chickpeas, chia, and quinoa offering similar nutritional value as that of textured soy protein is expected to restrict the growth of the market during the forecast period. On the contrary, plant-based products serve as an ideal substitute to dairy products. Thus, an increase in lactose-intolerant population is anticipated to offer immense opportunity for market expansion in the near future.

The global textured soy protein market is segmented into nature, application, and region. On the basis of nature, the market is classified into organic, conventional, and Non-GMO. By application, it is divided into food & beverages industry and feed industry. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the major players in the global textured soy protein industry analyzed in this report include DuPont, Archer Daniels Midland Company, Cargill, Incorporated., CHS INC, Kellog Company, Wilmar International Ltd, Bob’s Red Mill Natural Foods., Gushen Biological Technology Group Co., Ltd, Pacific Soybean & Grain, and Gremount International Company Limited.

KEY BENEFITS FOR STAKEHOLDERS
  • This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global smart sports equipment market from 2019 to 2026 to identify the prevailing market opportunities.
  • The key countries in all the major regions are mapped based on their market share.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global industry.
  • Market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of market players.
  • The report includes the analysis of the regional as well as global market, key players, market segments, application areas, and growth strategies.
KEY MARKET SEGMENTS

By Nature
  • Organic
  • Conventional
  • Non-GMO
By End User
  • Food & Beverages Industry
  • Feed Industry
By Region

North America
  • U.S.
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Cargill Inc.rporated
  • CHS INC
  • DuPont
  • Gremount International
  • Kellog Company
  • Pacific Soybean & Grain
  • MORE
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And Models

Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. Cxo Perspective

Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Parent/Peer Market Overview (2017-18)
3.3. Key Forces Shaping Textured Soy Protein Market
3.3.1. High Bargaining Power of Suppliers
3.3.2. Moderate-To-High Threat of New Entrants
3.3.3. Moderate Threat of Substitutes
3.3.4. Moderate Intensity of Rivalry
3.3.5. Moderate Bargaining Power of Buyers
3.4. Value Chain Analysis
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Rise In Number of Vegan Population
3.5.1.2. Textured Soy Protein As Meat Extender Or Replacer
3.5.1.3. Surging Demand For Textured Soy Protein From The Feed Industry
3.5.2. Restraints
3.5.2.1. Potential Threat of Substitution
3.5.2.2. Formulation Challenges For Textured Soy Protein Products
3.5.3. Opportunities
3.5.3.1. Rise In Number of Millennial Populations
3.5.3.2. Lactose-Intolerant Population Facilitates Opportunity

Chapter 4: Soy Protein Market, By Nature
4.1. Overview
4.2. Organic
4.2.1. Key Market Trends, Growth Factors, And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis By Country
4.3. Conventional
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis By Country
4.4. Non-Gmo
4.4.1. Key Market Trends, Growth Factors, And Opportunities
4.4.2. Market Size And Forecast, By Region
4.4.3. Market Analysis By Country

Chapter 5: Textured Soy Protein Market, By Application
5.1. Overview
5.2. Food And Beverages Industry
5.2.1. Key Market Trends, Growth Factors, And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis By Country
5.3. Feed Industry
5.3.1. Key Market Trends, Growth Factors, And Opportunities
5.3.2. Market Size And Forecast, By Region
5.3.3. Market Analysis By Country

Chapter 6: Textured Soy Protein Market, By Region
6.1. Overview
6.2. North America
6.2.1. Key Market Trends, Growth Factors, And Opportunities
6.2.2. Market Size And Forecast, By Nature
6.2.3. Market Size And Forecast, By Application
6.2.4. Market Analysis By Country
6.2.4.1. U.S.
6.2.4.2. Market Size And Forecast, By Nature
6.2.4.3. Market Size And Forecast, By Application
6.2.4.4. Canada
6.2.4.5. Market Size And Forecast, By Nature
6.2.4.6. Market Size And Forecast, By Application
6.2.4.7. Mexico
6.2.4.7.1. Market Size And Forecast, By Nature
6.2.4.7.2. Market Size And Forecast, By Application
6.3. Europe
6.3.1. Key Market Trends, Growth Factors, And Opportunities
6.3.2. Market Size And Forecast, By Nature
6.3.3. Market Size And Forecast, By Application
6.3.4. Market Analysis By Country
6.3.4.1. Germany
6.3.4.1.1. Market Size And Forecast, By Nature
6.3.4.2. Market Size And Forecast, By Application
6.3.4.3. France
6.3.4.4. Market Size And Forecast, By Nature
6.3.4.5. Market Size And Forecast, By Application
6.3.4.6. UK
6.3.4.7. Market Size And Forecast, By Nature
6.3.4.8. Market Size And Forecast, By Application
6.3.4.9. Italy
6.3.4.10. Market Size And Forecast, By Nature
6.3.4.11. Market Size And Forecast, By Application
6.3.4.12. Spain
6.3.4.13. Market Size And Forecast, By Nature
6.3.4.14. Market Size And Forecast, By Application
6.3.4.15. Rest of Europe
6.3.4.16. Market Size And Forecast, By Nature
6.3.4.17. Market Size And Forecast, By Application
6.4. Asia-Pacific
6.4.1. Key Market Trends, Growth Factors, And Opportunities
6.4.2. Market Size And Forecast, By Nature
6.4.3. Market Size And Forecast, By Application.
6.4.3.1. China
6.4.3.2. Market Size And Forecast, By Nature
6.4.3.3. Market Size And Forecast, By Application
6.4.3.4. India
6.4.3.5. Market Size And Forecast, By Nature
6.4.3.6. Market Size And Forecast, By Application
6.4.3.7. Australia
6.4.3.8. Market Size And Forecast, By Nature
6.4.3.9. Market Size And Forecast, By Application
6.4.3.10. New Zealand
6.4.3.11. Market Size And Forecast, By Nature
6.4.3.12. Market Size And Forecast, By Application
6.4.3.13. Rest of Asia-Pacific
6.4.3.14. Market Size And Forecast, By Nature
6.4.3.15. Market Size And Forecast, By Application
6.5. LAMEA
6.5.1. Key Market Trends, Growth Factors, And Opportunities
6.5.2. Market Size And Forecast, By Nature
6.5.3. Market Size And Forecast, By Application
6.5.3.1. Latin America
6.5.3.2. Market Size And Forecast, By Nature
6.5.3.3. Market Size And Forecast, By Application
6.5.3.4. Middle East
6.5.3.5. Market Size And Forecast, By Nature
6.5.3.6. Market Size And Forecast, By Application
6.5.3.7. Africa
6.5.3.8. Market Size And Forecast, By Nature
6.5.3.9. Market Size And Forecast, By Application

Chapter 7: Company Profiles
7.1. Archer-Daniels-Midland Company (Adm)
7.1.1. Company Overview
7.1.2. Key Executives
7.1.3. Company Snapshot
7.1.4. Operating Business Segments
7.1.5. Product Portfolio
7.1.6. R&D Expenditure
7.1.7. Business Performance
7.1.8. Key Strategic Moves And Developments
7.2. Bob’S Red Mill Natural Foods.
7.2.1. Company Overview
7.2.2. Key Executives
7.2.3. Company Snapshot
7.2.4. Product Portfolio
7.3. Brf Ingredients
7.3.1. Company Overview
7.3.2. Key Executive
7.3.3. Company Snapshot
7.3.4. Product Portfolio
7.4. Cargill Inc.
7.4.1. Company Overview
7.4.2. Key Executives
7.4.3. Company Snapshot
7.4.4. Operating Business Segments
7.4.5. Product Portfolio
7.4.6. Business Performance
7.4.7. Key Strategic Moves And Developments
7.5. Chs Inc.
7.5.1. Company Overview
7.5.2. Key Executives
7.5.3. Company Snapshot
7.5.4. Operating Business Segments
7.5.5. Product Portfolio
7.5.6. Business Performance
7.6. Dupont
7.6.1. Company Overview
7.6.2. Key Executives
7.6.3. Company Snapshot
7.6.4. Operating Business Segments
7.6.5. Product Portfolio
7.6.6. Key Strategic Moves And Developments
7.7. Food Ingredient Technology Co., Ltd.
7.7.1. Company Overview
7.7.2. Key Executive
7.7.3. Company Snapshot
7.7.4. Product Portfolio
7.8. Fuji Oil Asia Pte. Ltd.
7.8.1. Company Overview
7.8.2. Key Executives
7.8.3. Company Snapshot
7.8.4. Operating Business Segments
7.8.5. Product Portfolio
7.8.6. Business Performance
7.9. Kellogg Company
7.9.1. Company Overview
7.9.2. Key Executives
7.9.3. Company Snapshot
7.9.4. Operating Business Segments
7.9.5. Product Portfolio
7.9.6. R&D Expenditure
7.9.7. Business Performance
7.9.8. Key Strategic Moves And Developments
7.10. Wilmar International Ltd
7.10.1. Company Overview
7.10.2. Key Executives
7.10.3. Company Snapshot
7.10.4. Operating Business Segments
7.10.5. Product Portfolio
7.10.6. Business Performance
7.10.7. Key Strategic Moves And Developments

*Full List of Tables and Figures Available on Enquiry.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Cargill Inc.rporated
  • CHS INC
  • DuPont
  • Gremount International
  • Kellog Company
  • Pacific Soybean & Grain
  • MORE
According to the report titled, 'Textured Soy Protein Market by Nature and Application: Global Opportunity Analysis and Industry Forecast, 2019-2026,' the global textured soy protein market size was valued at $1.1 billion in 2018, and is projected to reach $2.1 billion by 2026, registering a CAGR of 8.7% from 2019 to 2026.

Textured soy protein (TSP) is obtained from defatted soy flour, which is produced by grinding defatted soy flakes. Textured soy protein has substantial protein content and fiber with low fat. It is available in dried chunks, powder, or granular form in the market. It has a mild taste, but can be added to the meals to increase their protein content. Moreover, textured soy protein has a similar texture to beef and other meats, and thus are used as a substitute to meat products. In addition, in the view of the fact that plant-based food has less protein content as compared to animal food, textured soy protein is valuable for those consumers who do not consume meat. This fact has majorly drives the global textured soy protein market growth.

The organic segment is anticipated to garner the highest share during the forecast period. This is attributed to rise in health concerns among consumers and their desire to avoid the consumption of food consisting synthetic fertilizers and pesticides for better health are expected to boost the demand for organic soy proteins among consumers, which contributes toward the growth of the textured soy protein market.

Soybean meal is one of the major source of protein sources of feed and is being traded on commercial level on the basis of protein content. Soy protein concentrate (SPC) contains 63-65% of protein, and is the prime raw material in farmed salmon feeds. Textured soy protein is expected to endure significant growth of value sales due to rise in awareness about the higher protein (60-85%) composition of the product among feed formulators.

According to the Food and Agriculture Organization (FAO), soybean remains the most important and preferred source of high-quality vegan protein for animal feed production. This fact has driven the growth of the textured soy protein market. Moreover, India, China and some of the key European countries have witnessed higher number of vegan population in the recent past. This is attributed to rise in awareness about the health benefits associated with consumption of plant-based protein such as textured soy protein. Thus, all these factors are anticipated to boost the growth of the global textured soy protein market in the forthcoming years.

The global textured soy protein market analysis has been studied across nature, application, and region. On the basis of nature, the textured soy protein market is classified into organic, conventional, and non-GMO. By application, it is fragmented into food & beverages industry and feed industry. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings of the Textured Soy Protein Market:
By nature, the conventional segment accounted for the highest textured soy protein share in 2018, growing at a CAGR of 8.3% from 2019 to 2026.
On the basis of application, the food & beverages industry segment accounted for about 89.3% of the textured soy protein market share in 2018, and is expected to experience growth at the highest CAGR of 8.5%.
Region wise, North America accounted for about 36.6% of share in 2018, and is expected to grow at a CAGR of 8.3% during the forecast period.

The key players operating in the textured soy protein industry are DuPont, Archer Daniels Midland Company, Cargill, Incorporated, CHS INC, Kellog Company, Wilmar International Ltd, Bob’s Red Mill Natural Foods., Gushen Biological Technology Group Co., Ltd, Pacific Soybean & Grain, and Gremount International Company Limited.
Note: Product cover images may vary from those shown
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  • DuPont
  • Archer Daniels Midland Company
  • Cargill Inc.rporated
  • CHS INC
  • Kellog Company
  • Wilmar International Ltd
  • Bob’s Red Mill Natural Foods.
  • Gushen Biological Technology Group Co. Ltd
  • Pacific Soybean & Grain
  • Gremount International
Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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