Rising health consciousness among people all over the globe, unmet needs of protein rich diet, increasing demand for organic products and significant focus on development of novel protein rich products are key factors contributing to high CAGR of Textured Soy Protein during forecast period.
New York City, United States – June 24, 2020 /MarketersMedia/ —
According to the current analysis of Reports and Data, the global Textured Soy Protein market was valued at USD 1.81 Billion in 2018 and is expected to reach USD 3.76 Billion by year 2026, at a CAGR of 9.4 %. Soy protein is a defatted soy flour product, commonly known as soy meat, soya chunks or texturized vegetable protein, is a by-product in the process of extracting oil from soybean. This quick to cook product has a meat-like texture, and it is often used as a meat replacement or meat extender. It is available in wide range of products as isolates, concentrates, meal, and flour. Recent emergence of soy protein as dairy product and meat substitute is a major disruptive finding in industry.
This is the latest report covering the current COVID-19 scenario. The coronavirus pandemic has greatly affected every aspect of the worldwide industry. It has brought along various changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact are covered in the research report. The report discusses all the major aspects of the market with expert opinions on the current status along with historical data.
Get a sample PDF copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/2071
Key players mentioned in the research report are:
DowDuPont, Victoria Group, Archer Daniels Midland, Wilmar International, Bremil Group, Shandong Yuxin Bio-Tech, Sonic Biochem, Linyi Shansong Biological Products, Crown Soya Protein Group, and Hung Yang Foods
In terms of applications, the global Textured Soy Protein market can be segmented into:
In terms of types, the global Textured Soy Protein market can be segmented into:
To get a discount on the report, click @ https://www.reportsanddata.com/discount-enquiry-form/2071
For geographical segmentation, regional supply, application-wise, and type-wise demand, key players, and others, this report covers the following regions: North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The report sheds light on the competitive landscape of the market that covers the product offerings, services, market shares, and business overview. This Textured Soy Protein Market research report covers various dynamic aspects like the market drivers, restraints and challenges, and growth prospects. The prominent and leading companies are profiled in the report.
Further key findings from the report suggest
• Textured Soy Protein market is growing at a CAGR of 5 % in Asia Pacific followed by North America and Europe, with 9.3 % and 9.1 % CAGR, respectively. Rising health consciousness is the key factor to accelerate the market growth during forecast period across all regions
• As of 2018, Non-GMO product type segment is the dominating the industry which holds 40.2% of the global industry. North America regional market is the chief revenue generating source for this product segment, followed by Europe and Asia-Pacific regions
• Conventional source type segment was valued at USD 603 million in 2018 and is expected reach USD 1.2 billion by 2026, growing at a CAGR of 9.2 %.
• Organic type segment is expected to be the second fastest growing market segment during forecast period 2019 – 2026 with a CAGR of 9.7 %. However, unpleasant flavors and lack of awareness are major challenge for the industry growth of this segment
• The isolates source type segment was valued at USD 493 million and is expected reach USD 1.01 billion by 2026, growing at a CAGR of 9.2 %.
• Asia Pacific is expected to account for the 19.6 % of the global industry. Developing nations such China, and India are likely to witness high growth
• Europe regional segment was valued at USD 517 million in 2018 and is expected reach USD 1.05 billion by 2026, growing at a CAGR of 9.1 %.
Get the full report description, TOC, Table of Figures, Charts @ https://www.reportsanddata.com/report-detail/textured-soy-protein-market
Thank you for reading our report. For further details or to inquire about customization, please let us know and we will offer you the report as per your needs.
Our in-house experts assist our clients with advice based on their proficiency in the market that helps them in creating a compendious database for the clients. Our team offers expert insights to clients to guide them through their business ventures. We put in rigorous efforts to keep our clientele satisfied and focus on fulfilling their demands to make sure that the end-product is what they desire. We excel in diverse fields of the market and with our services extending to competitive analysis, research and development analysis, and demand estimation among others, we can help you invest your funds in the most beneficial areas for research and development.
Name: John Watson
Email: Send Email
Organization: Reports And Data
Address: 40 Wall St. 28th floor New York City, NY 10005 United States
Release ID: 88965415