According to the research report titled ‘Global Textured Soy Protein Market Size study, by Source Soy Protein Concentrates, Soy Protein Isolates, Soy Flour) By Application (Food, Feed) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global textured soy protein market was worth USD 2.8 billion in 2021 and is slated to expand at 10% CAGR during the forecast period, amassing a valuation of USD 5.5 billion by the end of 2028.

The expansion of global textured soy protein market is driven by numerous variables like surging cultivation of soy crops, coupled with public cognizance of the crop being an inexpensive source of protein.

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For the unaware, textured soy protein is created by processing defatted soy flour into small and big portions.

Besides, changing lifestyle of the people, along with preference for healthy diet are creating lucrative opportunities for the businesses in this line of work through the review period.

Despite the positive outlook, the unpleasant flavor of the product, coupled with the trend toward cholesterol-free eatables are likely to hamper the progress of the business sphere.

For a better overview of the existing situation, the report segregates worldwide textured soy protein market by source and applications. It also includes growth rate estimates for each vertical, delivering stakeholders a complete picture of the financially profitable avenues.

From a regional standpoint, North America market is poised to record significant revenue share during the assessment period, due to shift in consumer preference from meat to plant-based protein.  

Meanwhile, Asia Pacific industry is estimated to retain a substantial growth rate during the projected timeframe, owing to the low carbon footprint, high nutritional value, and relatively inexpensive price of plant protein which is anticipated to create remunerative prospects for soy product manufacturers.

The notable players representing the competitive hierarchy of global textured soy protein industry include names like Crown Soya Protein Group, Sonic Biochem Extractions Ltd., Shandong Yuxin Bio-Tech Co. Ltd., Archer-Daniels-Midland Company, Linyi Shansong Biological Products Co. Ltd., Cargill Inc., Bremil Group, DuPont de Nemours Inc., Victoria Group, and Wilmar International Limited among others.