Market Overview

The Global Textured Soy Protein Market was valued at USD 1,970.3 million in 2023 and is expected to reach USD 3,784.1 million by 2031 while growing at a CAGR of 8.5% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global textured soy protein market growth. Textured Soy Protein (TSP), also known as Texturized Vegetable Protein (TVP), is a versatile protein product derived from defatted soy flour. Widely utilized as a meat substitute or extender, especially in vegetarian and vegan diets, it is also employed in products aiming to decrease meat content.

Increasing demand for plant-based proteins and rising health consciousness drive the textured soy protein market's growth. However, obstacles such as allergen concerns and perception and taste challenges may impede market expansion.

Furthermore, the global textured soy protein industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Type Analysis

The Global Textured Soy Protein Market is segmented among Conventional, and Organic, based on Type. In 2023, Conventional accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Application Analysis

The Global Textured Soy Protein Market is segmented among Food and Beverages, and Animal Feed, based on Application. In 2023, Food and Beverages accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Textured Soy Protein Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are The Archer-Daniels-Midland Company, Cargill, Incorporated, DuPont de Nemours, Inc., Wilmar International Limited, Victoria Group, Crown Soya Protein Group, Bremil Group, Hoya Food, and Sonic Biochem.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Textured Soy Protein Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Textured Soy Protein Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Textured Soy Protein Market Segmentation, By Type  

• Global Textured Soy Protein Market Share Analysis, By Type

• Global Textured Soy Protein Market Growth Analysis, By Type

• Global Textured Soy Protein Market Trends, By Type  

o Conventional

o Organic

6. Global Textured Soy Protein Market Segmentation, By Application

• Global Textured Soy Protein Market Share Analysis, By Application

• Global Textured Soy Protein Market Growth Analysis, By Application

• Global Textured Soy Protein Market Trends, By Application

o Food and Beverages

Ø Meat Substitutes

Ø Dairy Alternatives

Ø Infant Nutrition

Ø Bakery Products

Ø Cereal & Snacks

Ø Other Food Applications

o Animal Feed  

7. Global Textured Soy Protein Market Segmentation, By Region

• Global Textured Soy Protein Market Share Analysis, By Region

• Global Textured Soy Protein Market Growth Analysis, By Region

• Global Textured Soy Protein Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

8. Competitive Landscape

• Archer-Daniels-Midland Company*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Cargill, Incorporated,

• DuPont de Nemours, Inc.

• Wilmar International Limited

• Victoria Group

• Crown Soya Protein Group

• Bremil Group

• Hoya Food

• Sonic Biochem    

 *Similar analysis will be provided for each company listed above.