Soy Protein Concentrate Segment Accounted For The Largest Share In The Textured Soy Protein Market

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The market for textured soy protein is estimated at USD 1.73 Billion in 2017 and is projected to grow at a CAGR of 9.5% from 2017 to 2022. The textured soy protein market is segmented on the basis of type, application, source, and region. The types of textured soy protein include non-GMO, conventional, and organic textured soy protein. This market has also been segmented on the basis of application into food which includes meat substitutes, dairy alternatives, bakery products, infant nutrition, cereals & snacks, and feed. The market has been segmented on the basis of source into soy protein concentrates, soy protein isolates, and soy flour. On the basis of key regions, the textured soy protein market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW).

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The soy protein concentrate segment accounted for the largest share in the textured soy protein market in 2016.

the textured soy protein market is broadly segmented into soy protein concentrates, soy protein isolates, and soy ...
... flour. Soy protein concentrates to account for the largest market as they are easily digestible, cheap, and available in granule, flour, and spray-dried forms. They are well-suited for consumers of all age groups, including children, pregnant & lactating women, and the geriatric population. In terms of volume, the soy protein isolates segment was the second-largest owing to its higher protein content (90%). Soy protein isolates are also estimated to be the fastest-growing, during the forecast period, both in terms of value and volume.

Soy protein concentrates are widely used as functional and nutritional ingredients in various food products such as baked products, breakfast cereals, and meat products. They are widely used in meat and poultry products to increase water and fat retention and to improve the nutritional value of the food due to their high protein content. Hence, the demand for soy protein concentrates is high in textured soy protein market.

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The Asia Pacific region is expected to be the fastest growing market for textured soy protein between 2017 and 2022. The food & beverages market in the Asia Pacific region is currently undergoing a significant transformation in response to rapid urbanization and diet diversification. Leading companies such as Cargill (US) have expanded their facilities in Asian countries to meet the increasing demand for textured soy protein.