Although textured or textured vegetable protein (TVP) is another name for textured soy protein (TSP), as it is derived from soybeans, its most frequent name is total soy protein (TSP). Soybean meal is a by-product of soybean oil, just like soy flour and other derivatives. It's usually mixed with meat. In addition to being utilized as meat substitutes often, shaped soy protein can also be employed in other contexts. This kind of ground beef is specific to it. Because of this, it makes a fantastic substitute for meat in dishes like tacos, peppers, spaghetti sauce, and hamburgers. TVP can be used to meat dishes to improve the flavor.
Top Key Players Covered in The Global Textured Soy Protein Market
Archer Daniels Midland Company (US), Cargill Inc. (the US), Bremil Group (Brazil), Shandong Yuxin Bio-Tech (China), DowDuPont Inc(US), Sonic Biochem Extraction Pvt.Ltd (India), Victoria Group A. D. (Serbia), DPS/Dutch Protein & Services B.V. (Netherlands), Linyi Shansong Biological Products Co.Ltd. (China), Wilmar International Ltd (Singapore), Crown Soya Protein Group (China), Sonic Biochem (India), Hung Yang Foods Co.Ltd. (Netherlands) and other major players.
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Introspective Market Research is a globally trusted Market Research partner delivering comprehensive market research studies that provide businesses with invaluable insights and strategic guidance for informed decision-making. Our studies are based on extensive array of primary and secondary sources and ensures the utmost accuracy and reliability in our findings.
At the core of our study is an in-depth analysis of the Textured Soy Protein Market ecosystem, where we thoroughly examine the functions and interdependencies of various market stakeholders. Through our expert utilization of trusted methodologies, including SWOT Analysis, Porter's Five Forces Analysis, and Price Trend Analysis, we offer a comprehensive understanding of both the regulatory landscape and the prevailing trends shaping the industry.
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Segmentation:
By Type
- Non-GMO
- Conventional
- Organic
- Others
By Source
- Soy Protein Isolates
- Soy Protein Concentrates
- Soy Flour
By Application
- Food Products
- Bakery Products
- Cereals & Snacks
- Dairy Alternatives
Key Industry Developments In Textured Soy Protein Market
In July 2021, Global nutrition leader ADM declared that it has signed an agreement to acquire Sojaprotein, a top European supplier of non-GMO soy ingredients. Founded in 1977, Serbia-based Sojaprotein has sales into 65 economies, providing a wide array of non-GMO vegetable protein ingredients for an extensive list of European and global customers in the meat alternative, confectionery, pharmaceutical, pet food, protein bar, and animal feed segments. The company had more than $100 million in sales in 2020.
In September 2019, Bunge, a top player in the global textured soy protein market, declared that the company has agreed to acquire over 30% Agrofel Grãos e Insumos, the Rio Grande do Sul based agricultural inputs reseller. This investment in Agrofel Grãos e Insumos will support Bunge to concentrate more on its core business, and hence strengthening its grain origination position in Brazil.
Key highlights covered in the report -
- Detailed market size forecast and historical data analysis
- Key drivers influencing market growth
- Identification of upcoming trends and potential opportunities in the market
- Analysis of major players strategies, to understand competitive dynamics and market positioning
- Evaluation of regional dynamics
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By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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