Market Overview:
The global textured soy protein concentrates (TSPC) market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The TSPC market is segmented on the basis of type, application and region. On the basis of type, granules are expected to dominate the TSPC market with a share of more than 50%. Flour is also anticipated to witness significant growth during the forecast period owing to its increasing demand in food industry applications. Asia Pacific is estimated to be the fastest growing region for TSPSC due to rising demand from food and feed industries in countries such as China and India. Some of the key players operating in this market include Archer Daniels Midland Company (U.S.), Bunge Limited (U.S.), Cargill, Incorporated (U.S.), CHS Inc.(U.S.
Product Definition:
Textured soy protein concentrates are a food additive made from defatted soy flour. They are used as a high-protein, low-fat alternative to meat in vegetarian and vegan diets, and as a thickening agent in soups, sauces, and gravies. Textured soy protein concentrates are also an important source of dietary fiber.
Granules:
Granules are the dried, roasted soybeans that look like small peas. Soybean meal and granules are used together in various applications such as ready-to-eat foods, bakery products, meat analogs and textured vegetable protein concentrates (TVP). Granules have a high protein content compared to soybean meal. The concentration of granules is usually higher than that of soybean meal because they are processed at a much larger scale than that of the average home cook.
Flour:
Flour is a vital ingredient in the production of textured soy protein concentrates (TSPC). It aids in providing the desired texture and taste to food products. Soy flour can be used as an alternative to milk, wheat flour, cornflakes and other gluten-free ingredients.
The global TSPC market size was valued at USD 2.5 billion in 2016.
Application Insights:
Food industry was the largest application segment in 2017 and is expected to witness significant growth over the forecast period. The product has a wide range of applications in food processing, including emulsification, foaming, texturing and coating. It is used as an egg alternative in bakery products and confectionery items such as chocolates. Furthermore, it finds application as a meat extender for frozen foods such as pies crusts and quiches filling owing to its high protein content that does not make them soggy or greasy.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a revenue share of over 35%. The region is expected to continue its dominance over the forecast period. This can be attributed to growing population, rising disposable income levels, and increasing awareness about nutritional products. China is one of the largest consumers of textured soy protein concentrates owing to their high demand in food applications as well as animal feed applications.
The Middle East & Africa (MEA) market is anticipated to grow at a significant rate during the forecast period due to rapid development taking place in countries such as Saudi Arabia and UAE. These countries are experiencing an influx of international investors looking at lucrative opportunities offered by these markets along with steady economic growth rates that have been recorded since 2010-11 fiscal year by Dubai’s GDP Growth Commission Report (page 59).
Growth Factors:
- Increasing demand for plant-based meat alternatives: The growing awareness of the health benefits of a plant-based diet is driving the demand for plant-based meat alternatives, which in turn is boosting the growth of the textured soy protein concentrates market.
- Rising popularity of veganism and vegetarianism: Veganism and vegetarianism are becoming increasingly popular, with people becoming more aware of the health and environmental benefits associated with these lifestyles. This is leading to an increase in demand for plant-based foods, including textured soy protein concentrates.
- Growing focus on healthy eating: There is a growing focus on healthy eating among consumers, who are looking for healthier food options that are low in fat and calories but high in nutrients. Textured soy protein concentrates fit this requirement perfectly, making them a popular choice among health-conscious consumers.
- Rising disposable income levels: Disposable income levels are rising steadily around the world as economies continue to grow, providing consumers with more money to spend on food products such as textured soy protein concentrates. This is helping to drive growth in the textured soy protein concentrates market overall . 5) Technological advancements: The development of new processing technologies has helped to make textured soy protein concentrate products more affordable and accessible than ever before, thus boosting their popularity among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Textured Soy Protein Concentrates Market Research Report
By Type
Granules, Flour
By Application
Food Industry, Feed Industry
By Companies
ADM, DuPont, Cargill, CHS, Bunge, Wilmar BioEthanol
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Textured Soy Protein Concentrates Market Report Segments:
The global Textured Soy Protein Concentrates market is segmented on the basis of:
Types
Granules, Flour
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Industry, Feed Industry
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ADM
- DuPont
- Cargill
- CHS
- Bunge
- Wilmar BioEthanol
Highlights of The Textured Soy Protein Concentrates Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Granules
- Flour
- By Application:
- Food Industry
- Feed Industry
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Textured Soy Protein Concentrates Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Textured soy protein concentrates are a type of soy protein that has been ground into a powder. They are often used as an ingredient in food products, such as shakes and bars, because they provide a high level of protein.
Some of the key players operating in the textured soy protein concentrates market are ADM, DuPont, Cargill, CHS, Bunge, Wilmar BioEthanol.
The textured soy protein concentrates market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Textured Soy Protein Concentrates Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Textured Soy Protein Concentrates Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Textured Soy Protein Concentrates Market - Supply Chain
4.5. Global Textured Soy Protein Concentrates Market Forecast
4.5.1. Textured Soy Protein Concentrates Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Textured Soy Protein Concentrates Market Size (000 Units) and Y-o-Y Growth
4.5.3. Textured Soy Protein Concentrates Market Absolute $ Opportunity
5. Global Textured Soy Protein Concentrates Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Textured Soy Protein Concentrates Market Size and Volume Forecast by Type
5.3.1. Granules
5.3.2. Flour
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Textured Soy Protein Concentrates Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Textured Soy Protein Concentrates Market Size and Volume Forecast by Application
6.3.1. Food Industry
6.3.2. Feed Industry
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Textured Soy Protein Concentrates Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Textured Soy Protein Concentrates Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Textured Soy Protein Concentrates Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Textured Soy Protein Concentrates Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Textured Soy Protein Concentrates Demand Share Forecast, 2019-2026
9. North America Textured Soy Protein Concentrates Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Textured Soy Protein Concentrates Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Textured Soy Protein Concentrates Market Size and Volume Forecast by Application
9.4.1. Food Industry
9.4.2. Feed Industry
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Textured Soy Protein Concentrates Market Size and Volume Forecast by Type
9.7.1. Granules
9.7.2. Flour
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Textured Soy Protein Concentrates Demand Share Forecast, 2019-2026
10. Latin America Textured Soy Protein Concentrates Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Textured Soy Protein Concentrates Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Textured Soy Protein Concentrates Market Size and Volume Forecast by Application
10.4.1. Food Industry
10.4.2. Feed Industry
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Textured Soy Protein Concentrates Market Size and Volume Forecast by Type
10.7.1. Granules
10.7.2. Flour
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Textured Soy Protein Concentrates Demand Share Forecast, 2019-2026
11. Europe Textured Soy Protein Concentrates Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Textured Soy Protein Concentrates Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Textured Soy Protein Concentrates Market Size and Volume Forecast by Application
11.4.1. Food Industry
11.4.2. Feed Industry
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Textured Soy Protein Concentrates Market Size and Volume Forecast by Type
11.7.1. Granules
11.7.2. Flour
11.8. BasisPoint Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Textured Soy Protein Concentrates Demand Share, 2019-2026
12. Asia Pacific Textured Soy Protein Concentrates Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Textured Soy Protein Concentrates Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Textured Soy Protein Concentrates Market Size and Volume Forecast by Application
12.4.1. Food Industry
12.4.2. Feed Industry
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Textured Soy Protein Concentrates Market Size and Volume Forecast by Type
12.7.1. Granules
12.7.2. Flour
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Textured Soy Protein Concentrates Demand Share, 2019-2026
13. Middle East & Africa Textured Soy Protein Concentrates Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Textured Soy Protein Concentrates Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Textured Soy Protein Concentrates Market Size and Volume Forecast by Application
13.4.1. Food Industry
13.4.2. Feed Industry
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Textured Soy Protein Concentrates Market Size and Volume Forecast by Type
13.7.1. Granules
13.7.2. Flour
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Textured Soy Protein Concentrates Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Textured Soy Protein Concentrates Market: Market Share Analysis
14.2. Textured Soy Protein Concentrates Distributors and Customers
14.3. Textured Soy Protein Concentrates Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ADM
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DuPont
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Cargill
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. CHS
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Bunge
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Wilmar BioEthanol
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
