The global organic textured soy protein market is expected to grow at a significant CAGR during the forecast period. Soy protein is the cheapest vegan form of dietary protein and has been categorized as a complete protein due to the availability of all necessary amino acids. Soy-based protein is widely used in the fitness sector as a muscle-building supplement. Furthermore, soy protein derived from organic sources is considered to be safer and healthier to consume, and it is believed to enhance bodybuilding without producing any adverse effects. Organic soy protein is widely used and may be found in breakfast cereals, protein and energy bars, and a variety of processed meats and substitutes for improved flavour and texture.
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Consumers’ growing awareness of the availability of low-cost protein is a key element in the global organic texture soy protein industry. Another major element driving up demand for organic textured soy protein in the global market is the expanding vegetarian and vegan population. Individual consumption is another element driving the expansion of a high protein-based food target market. Organic textured soy protein is used as a flavour binder in a variety of meals because it absorbs oil, maintains moisture content, and offers a superior texture, all of which contribute to its popularity in the food industry. The increasing vegetarian population will drive the global organic textured soy protein market.
In January 2018- Canadian Bio-Systems Inc. (CBS Inc.) introduced Feed Check Soy at the International Production and Processing Expo in Atlanta, GA. It is a new technology that enables quick, on-site examination of the quality of soybean meal. Sapporo XT55, a specialized soy protein from DuPont Nutrition and Health, is also a new product in the textured soy protein market.
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Market Coverage
- Segment covered
- Competitive Landscape- Archer Daniels Midland Company, Devansoy Inc., Natural Products Inc., Hodgson Mill, and Agrawal Oil & BioChem, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Organic Textured Soy Protein Market by Segment
By Application
- Food
- Bakery products
- Cereals & snacks
- Dairy alternatives
- Infant nutrition
- Meat substitutes
- Animal Feed
- Others
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