Textured Soy Protein World Market Report 2022: Impact of Ukraine-Russia War

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The major players in the textured soy protein market are Archer Daniels Midland Company, Bremil Group, Cargill Incorporated, Crown Soya Protein Group, Du Pont De Nemours and Company, Shandong Yuxin Bio-Tech Co ltd.

New York, Nov. 24, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of “Textured Soy Protein Global Market Report 2022: Ukraine-Russia War Impact” – https://www.reportlinker.com/p06365038 / ?utm_source=GNW
Sonic Biochem Extractions Ltd, Wilmar International Ltd., Hung Yang Foods Co. Ltd, Bunge Ltd, Hoya Foods Inc, Solae LLC, Bob’s Red Mill Natural Foods., Fuji Oil Asia Pte. Ltd., Linyi Shansong Biological Products and Food Ingredient Technology Co.Ltd.

The global market for textured soy protein is expected to grow from $2.23 billion in 2021 to $2.52 billion in 2022 at a compound annual growth rate (CAGR) of 13.3%. The war between Russia and Ukraine disrupted the chances of a global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions in several countries, increases in the prices of basic products and disruptions in the supply chain, which has affected many markets around the world. The textured soy protein market is expected to grow to $3.67 billion by 2026 at a CAGR of 9.8%.

The textured soy protein market consists of sales of textured soy protein by entities (organizations, sole traders, and associations) that are used to improve the texture and nutritional content of dishes. Textured soy protein refers to processed food products made from soy proteins and isolates. , with or without added nutritional ingredients, and tablets in granules or pieces.

It is used to improve the texture and nutritional value of foods and is commonly used as a nutrient in baked goods, breakfast cereals, animal feeds, and some meat products.

The main types of textured soy protein are non-GMO, conventional, organic, and other types. Non-GMO is used primarily for human consumption as a meat substitute.

Non-GMO in the textured soy protein market refers to the fact that it is produced without genetic engineering and that its ingredients are not derived from GMOs. It is obtained through a microfiltration process in cold water from non-GMO soybeans.

The main sources of textured soy protein are soy protein concentrates, soy protein isolates, and soy flour. Different applications include food, meat substitutes, dairy alternatives, infant nutrition, bakery, and feed.

North America was the largest region in the textured soy protein market in 2021. Asia Pacific is expected to be the fastest growing region in the forecast period.

Regions covered in Textured Soy Protein market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The increasing demand for protein-rich foods around the world is expected to fuel the growth of the textured soy protein market in the future. High protein foods refer to high protein diets that contain a substantial amount of protein and very little carbohydrate.

A high-protein diet that uses plant proteins, such as textured soy proteins, helps build muscle and improves metabolic health, body composition, and weight maintenance, as they are low in calories and rich in fiber and essential nutrients. For example, in 2019, according to the Plant-Based Foods Association (PBFA), a US-based trade association, retail sales of plant-based foods in the US grew by 11.4%, and the 39% of US consumers eat plant-based foods. . Therefore, the increased demand for protein-rich foods is dictating the market demand for textured soy protein.

Increased investment has become the key trend gaining significant popularity in the textured soy protein market. Major market players are concentrating their efforts on creating innovative products to enhance the flavor and develop the palatable flavor of soy proteins.

For example, in 2022, Archer Daniels Midland, a US-based feed or food processing company, announced a $300 million investment to expand its alternative protein capabilities by establishing a new Innovation Center of Vanguard Proteins in Decatur. The protein innovation center is expected to enhance the company’s ability to meet the demand for innovative products.

It will bring together laboratories, test kitchens and pilot-scale production capabilities to drive new innovations including new and diverse ingredients, unique and differentiated texture, taste, appearance and nutritional solutions.

In November 2021, Archer Daniels Midland, a US-based feed processing company, acquired Sojaprotein for an undisclosed amount. The acquisition was aimed at strengthening and enhancing Archer Daniels Midland’s plant-based protein production capabilities to meet global demands.

Sojaprotein is a Serbia-based non-GMO (Genetically Modified Organism) soybean processing company that produces food for humans and animals.

Countries covered in Textured Soy Protein market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The Textured Soy Protein Market research report is one in a series of new reports providing Textured Soy Protein market statistics, including global market size of the Textured Soy Protein industry, regional shares, competitors with textured soy protein market share, detailed textured soy protein market segments, market trends and opportunities, and any additional information you may need to thrive in the textured soy protein industry. This Textured Soy Protein Market research report provides a well-rounded perspective all you need, with in-depth analysis of current and future industry scenarios.
Read the full report: https://www.reportlinker.com/p06365038/?utm_source=GNW

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