Increasing Soybean Production and Consumption in Emerging Markets Driving the Textured Soy Protein Market
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 market is driven by factors such as an increase in demand for protein-rich foods and growing health-conscious population. Download PDF Brochure Changing lifestyles and the shift from processed food to healthy food products has been observed in developing economies over the past decade, leading to the growth in demand for textured soy proteins, not only for food products but also for applications such as animal feed, cosmetics, and personal care products. The demand for textured soy protein is high in developed markets such as the US and Europe. The trend of consumer preference for healthy products is rising, wherein marketing campaigns are planned for highlighting their use and health benefit claims. Developing countries such as China and India are projected to experience an increase in demand for textured soy protein in the coming years f...
