Global Textured Soy Protein Market to Reach USD 4.1 Billion by 2033, Stimulated by Increasing Vegan Population

January 02, 2025 | Food & Beverages

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According to the latest report by IMARC Group, titled “Textured Soy Protein Market Report by Nature (Organic, Conventional, Non-GMO), Source (Soy Protein Concentrates, Soy Protein Isolates, Soy Flour), Application (Food, Feed), and Region 2025-2033,” the global textured soy protein market size reached USD 2.0 Billion in 2024. Textured soy protein is a processed soy product commonly used as a meat substitute or extender in vegetarian and vegan diets. It is prepared using defatted soy flour or protein isolate and widely available in chunks and granule forms. It is a rich source of iron, dietary fiber, magnesium, phosphorus, copper, thiamin, and folate. It is low in calories and fortified with essential minerals that offer numerous health benefits, such as repairing tissues, healing wounds, and growing muscles. Besides this, as it aids weight loss and helps in reducing cholesterol and triglyceride levels, the demand for textured soy protein is increasing globally.

Global Textured Soy Protein Market Trends:

The rising prevalence of chronic and acute health conditions due to unhealthy dietary patterns and hectic schedules is catalyzing the demand for plant-based nutrition sources. Additionally, increasing awareness among individuals about the health benefits offered by a protein-rich meal and shifting preferences for vegetarian and vegan diets are propelling the demand for textured soy protein worldwide. Apart from this, the easy product availability across online distribution channels at discounted rates is strengthening the market growth. The increasing utilization of textured soy protein in the food and beverage (F&B) industry to prepare burgers, sausages, nuggets, meatballs, and ready-to-eat (RTE) meals is also offering lucrative opportunities to manufacturers. Furthermore, the growing influence of social media platforms and food vlogging channels is creating a positive market outlook. Moreover, advancements in extrusion technology and processing methods are enhancing the quality of textured soy protein. Looking forward, the market value is projected to reach USD 4.1 Billion by 2033, expanding at a CAGR of 7.66% during 2025-2033.

Market Summary:

Based on the nature, the market has been segmented into organic, conventional, and non-GMO. At present, non-GMO represents the largest market segment.
On the basis of the source, the market has been classified into soy protein concentrates, soy protein isolates, and soy flour.
Based on the application, food currently accounts for the largest market share, followed by feed.
Region-wise, the market has been divided into North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. Amongst these, North America enjoys the leading position in the market.
The competitive landscape of the market has also been examined, with some of the key players being Archer-Daniels-Midland Company, Bob's Red Mill Natural Foods, Bunge Limited, Cargill Incorporated, CHS Inc., Crown Soya Protein Group Company, International Flavors & Fragrances Inc., Fuji Oil Holdings Inc., Shandong Yuxin Biotechnology Co. Ltd., Sonic Biochem Extraction Pvt Ltd, and Wilmar International Limited.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Nature, Source, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Archer-Daniels-Midland Company, Bob's Red Mill Natural Foods, Bunge Limited, Cargill Incorporated, CHS Inc., Crown Soya Protein Group Company, International Flavors & Fragrances Inc., Fuji Oil Holdings Inc., Shandong Yuxin Biotechnology Co. Ltd., Sonic Biochem Extraction Pvt Ltd and Wilmar International Limited.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Textured Soy Protein Market to Reach USD 4.1 Billion by 2033, Stimulated by Increasing Vegan Population

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