Market Research Future (Food and Beverages) Textured Soy Protein Market Research Report | Page 3

Textured Soy Protein Market Research Report – Forecast to 2023
2 Market Overview
Global textured soy protein market is expected to grow significantly during the forecast period. Textured soy protein
(TSP) also known as textured vegetable protein (TVP) is a defatted product made from soy flour, soy concentrates,
or soy protein isolates. Textured soy proteins contain at least 52 percent protein on a dry basis due to which it is
considered as a meat analogue or meat extender. It is easy to cook and available as uncoloured or caramel colour.
Due to health issues, such as diabetes and rising cholesterol, there has been a rising demand for textured soy protein
due to low fat and a healthier diet. Textured soy protein is opted by most vegan consumers, around the world, who
strictly avoid all edible products from animal sources that includes meat, eggs, and dairy products. Meat and meat
items are consumed generally for their protein source in a regular meal. Meat alternatives are also becoming a
priority as they deliver similar nutritional value and a low-fat diet as compared to meat and meat items. The growing
demand for a healthier diet, which generally includes limited fat and high carbohydrate content, has boosted the
growth of textured soy protein market. However, more research needs to be done for textured soy products to
become a complete meat substitute in terms of taste and nutrition, which may hamper the growth of the market
during the forecast period.
Segmentation:
The global textured soy protein market has been segmented into type, form, applications, and region.
The market, based on type, has been segmented into conventional and organic.
The market, by form, has been segmented into soy protein concentrates, soy protein isolates, and soy
flour.
The market, by application, has been segmented into meat substitutes, dairy alternatives, infant
nutrition, bakery products, cereals & snacks, and feed.
The market has been segmented, by region, into North America, Europe, Asia-Pacific, and RoW. The
textured soy protein market in North America has further been segmented into the US, Canada, and
Mexico.
The European textured soy protein market has been classified into the UK, Germany, France, Italy,
Spain, and the Rest of Europe.
The textured soy protein market in Asia-Pacific has been segmented into China, India, Japan, Australia
& New Zealand, and the Rest of Asia-Pacific. The textured soy protein market in the Rest of World has
been segmented into South America, the Middle East, and Africa.
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