The Asia Pacific Textured Soy Protein Market would witness market growth of 13.3% CAGR during the forecast period (2023-2029).
The market is anticipated to be driven by an increase in the demand for food that is high in protein among consumers. As a result of increased awareness of the importance of maintaining a healthy lifestyle, consumers are gravitating toward foods that are low in carbohydrates and fat, which is further driving up market demand. Using textured soy protein as a meat substitute in various culinary products is highly recommended. It can be used as an additive in meat dishes by using it in meat meals. It is frequently utilized in the cafeterias of establishments like schools and jails that do not have adequate financial resources, such as adequate funding for food.
Because of its great nutritional content, soy has become a popular substitute for meat and dairy products, and its use is increasing as the number of people concerned about their health continues to rise. In addition, goods made from non-GMO textured soy proteins have a high protein content, are abundant in dietary fibers and minerals, do not include lactose, cholesterol, or casein, and are free of microbiological contamination.
The increasing preference for convenience foods among the working population, the expansion of the Indian retail chain sector, and the introduction of new products are important growth drivers for the ready-to-eat food industry. Due to their hectic schedules and lack of resources to prepare meals at home, India's working population is becoming increasingly in demand for ready-to-eat food. Due to their hectic lifestyles, many Indians are forced to rely on ready-to-eat items that may be ordered using smartphone applications. These factors are boosting the market growth in the APAC.
The China market dominated the Asia Pacific Textured Soy Protein Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $198.3 Million by 2029. The Japan market is estimated to grow a CAGR of 12.6% during (2023 - 2029). Additionally, The India market would display a CAGR of 14.5% during (2023 - 2029).
Based on Type, the market is segmented into Conventional and Organic. Based on Application, the market is segmented into Food & Beverages and Animal Feed. Based on Product, the market is segmented into Textured Soy Protein Concentrate (TSPC), Textured Defatted Soy Flour (TSF) and Textured Soy Protein Isolate. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Textured Soy Protein Market is Projected to reach USD 1.9 Billion by 2029, at a CAGR of 12.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Archer Daniels Midland Company, Cargill, Incorporated, Bunge Limited, International Flavors & Fragrances, Inc., Wilmar International Limited, Linyi Shansong Biological Products Co., Ltd., Bremil Group, Sonic Biochem Extractions Pvt. Ltd., Shandong Yuxin Bio-Tech Co.,Ltd. and Crown Soya Protein Group Company.
Scope of the Study
Market Segments Covered in the Report:
By Type
By Application
- Food & Beverages
- Animal Feed
By Product
- Textured Soy Protein Concentrate (TSPC)
- Textured Defatted Soy Flour (TSF)
- Textured Soy Protein Isolate
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Archer Daniels Midland Company
- Cargill, Incorporated
- Bunge Limited
- International Flavors & Fragrances, Inc.
- Wilmar International Limited
- Linyi Shansong Biological Products Co., Ltd.
- Bremil Group
- Sonic Biochem Extractions Pvt. Ltd.
- Shandong Yuxin Bio-Tech Co.,Ltd.
- Crown Soya Protein Group Company
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Textured Soy Protein Market, by Type
1.4.2 Asia Pacific Textured Soy Protein Market, by Application
1.4.3 Asia Pacific Textured Soy Protein Market, by Product
1.4.4 Asia Pacific Textured Soy Protein Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition & scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Textured Soy Protein Market
Chapter 4. Asia Pacific Textured Soy Protein Market by Type
4.1 Asia Pacific Conventional Market by Country
4.2 Asia Pacific Organic Market by Country
Chapter 5. Asia Pacific Textured Soy Protein Market by Application
5.1 Asia Pacific Food & Beverages Market by Country
5.2 Asia Pacific Animal Feed Market by Country
Chapter 6. Asia Pacific Textured Soy Protein Market by Product
6.1 Asia Pacific Textured Soy Protein Concentrate (TSPC) Market by Country
6.2 Asia Pacific Textured Defatted Soy Flour (TSF) Market by Country
6.3 Asia Pacific Textured Soy Protein Isolate Market by Country
Chapter 7. Asia Pacific Textured Soy Protein Market by Country
7.1 China Textured Soy Protein Market
7.1.1 China Textured Soy Protein Market by Type
7.1.2 China Textured Soy Protein Market by Application
7.1.3 China Textured Soy Protein Market by Product
7.2 Japan Textured Soy Protein Market
7.2.1 Japan Textured Soy Protein Market by Type
7.2.2 Japan Textured Soy Protein Market by Application
7.2.3 Japan Textured Soy Protein Market by Product
7.3 India Textured Soy Protein Market
7.3.1 India Textured Soy Protein Market by Type
7.3.2 India Textured Soy Protein Market by Application
7.3.3 India Textured Soy Protein Market by Product
7.4 South Korea Textured Soy Protein Market
7.4.1 South Korea Textured Soy Protein Market by Type
7.4.2 South Korea Textured Soy Protein Market by Application
7.4.3 South Korea Textured Soy Protein Market by Product
7.5 Singapore Textured Soy Protein Market
7.5.1 Singapore Textured Soy Protein Market by Type
7.5.2 Singapore Textured Soy Protein Market by Application
7.5.3 Singapore Textured Soy Protein Market by Product
7.6 Malaysia Textured Soy Protein Market
7.6.1 Malaysia Textured Soy Protein Market by Type
7.6.2 Malaysia Textured Soy Protein Market by Application
7.6.3 Malaysia Textured Soy Protein Market by Product
7.7 Rest of Asia Pacific Textured Soy Protein Market
7.7.1 Rest of Asia Pacific Textured Soy Protein Market by Type
7.7.2 Rest of Asia Pacific Textured Soy Protein Market by Application
7.7.3 Rest of Asia Pacific Textured Soy Protein Market by Product
Chapter 8. Company Profiles
8.1 Archer Daniels Midland Company
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Joint Venture:
8.1.5.3 Acquisition and Mergers:
8.1.5.4 Geographical Expansions:
8.2 International Flavors & Fragrances, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segment & Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Product Launches and Product Expansions:
8.3 Bunge Limited
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.4 Wilmar International Limited
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.5 Cargill, Incorporated
8.5.1 Company Overview
8.5.2 Recent strategies and developments:
8.5.2.1 Product Launches and Product Expansions:
8.5.2.2 Acquisition and Mergers:
8.6 Linyi Shansong Biological Products Co., Ltd.
8.6.1 Company Overview
8.7 Bremil Group
8.7.1 Company Overview
8.8 Sonic Biochem Extractions Pvt. Ltd.
8.8.1 Company Overview
8.9 Shandong Yuxin Bio-Tech Co., Ltd.
8.9.1 Company Overview
8.10. Crown Soya Protein Group Company
8.10.1 Company Overview
TABLE 1 Asia Pacific Textured Soy Protein Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Textured Soy Protein Market, 2023 - 2029, USD Million
TABLE 3 Asia Pacific Textured Soy Protein Market by Type, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Textured Soy Protein Market by Type, 2023 - 2029, USD Million
TABLE 5 Asia Pacific Conventional Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Conventional Market by Country, 2023 - 2029, USD Million
TABLE 7 Asia Pacific Organic Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Organic Market by Country, 2023 - 2029, USD Million
TABLE 9 Asia Pacific Textured Soy Protein Market by Application, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Textured Soy Protein Market by Application, 2023 - 2029, USD Million
TABLE 11 Asia Pacific Food & Beverages Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Food & Beverages Market by Country, 2023 - 2029, USD Million
TABLE 13 Asia Pacific Animal Feed Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Animal Feed Market by Country, 2023 - 2029, USD Million
TABLE 15 Asia Pacific Textured Soy Protein Market by Product, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Textured Soy Protein Market by Product, 2023 - 2029, USD Million
TABLE 17 Asia Pacific Textured Soy Protein Concentrate (TSPC) Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Textured Soy Protein Concentrate (TSPC) Market by Country, 2023 - 2029, USD Million
TABLE 19 Asia Pacific Textured Defatted Soy Flour (TSF) Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Textured Defatted Soy Flour (TSF) Market by Country, 2023 - 2029, USD Million
TABLE 21 Asia Pacific Textured Soy Protein Isolate Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Textured Soy Protein Isolate Market by Country, 2023 - 2029, USD Million
TABLE 23 Asia Pacific Textured Soy Protein Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Textured Soy Protein Market by Country, 2023 - 2029, USD Million
TABLE 25 China Textured Soy Protein Market, 2019 - 2022, USD Million
TABLE 26 China Textured Soy Protein Market, 2023 - 2029, USD Million
TABLE 27 China Textured Soy Protein Market by Type, 2019 - 2022, USD Million
TABLE 28 China Textured Soy Protein Market by Type, 2023 - 2029, USD Million
TABLE 29 China Textured Soy Protein Market by Application, 2019 - 2022, USD Million
TABLE 30 China Textured Soy Protein Market by Application, 2023 - 2029, USD Million
TABLE 31 China Textured Soy Protein Market by Product, 2019 - 2022, USD Million
TABLE 32 China Textured Soy Protein Market by Product, 2023 - 2029, USD Million
TABLE 33 Japan Textured Soy Protein Market, 2019 - 2022, USD Million
TABLE 34 Japan Textured Soy Protein Market, 2023 - 2029, USD Million
TABLE 35 Japan Textured Soy Protein Market by Type, 2019 - 2022, USD Million
TABLE 36 Japan Textured Soy Protein Market by Type, 2023 - 2029, USD Million
TABLE 37 Japan Textured Soy Protein Market by Application, 2019 - 2022, USD Million
TABLE 38 Japan Textured Soy Protein Market by Application, 2023 - 2029, USD Million
TABLE 39 Japan Textured Soy Protein Market by Product, 2019 - 2022, USD Million
TABLE 40 Japan Textured Soy Protein Market by Product, 2023 - 2029, USD Million
TABLE 41 India Textured Soy Protein Market, 2019 - 2022, USD Million
TABLE 42 India Textured Soy Protein Market, 2023 - 2029, USD Million
TABLE 43 India Textured Soy Protein Market by Type, 2019 - 2022, USD Million
TABLE 44 India Textured Soy Protein Market by Type, 2023 - 2029, USD Million
TABLE 45 India Textured Soy Protein Market by Application, 2019 - 2022, USD Million
TABLE 46 India Textured Soy Protein Market by Application, 2023 - 2029, USD Million
TABLE 47 India Textured Soy Protein Market by Product, 2019 - 2022, USD Million
TABLE 48 India Textured Soy Protein Market by Product, 2023 - 2029, USD Million
TABLE 49 South Korea Textured Soy Protein Market, 2019 - 2022, USD Million
TABLE 50 South Korea Textured Soy Protein Market, 2023 - 2029, USD Million
TABLE 51 South Korea Textured Soy Protein Market by Type, 2019 - 2022, USD Million
TABLE 52 South Korea Textured Soy Protein Market by Type, 2023 - 2029, USD Million
TABLE 53 South Korea Textured Soy Protein Market by Application, 2019 - 2022, USD Million
TABLE 54 South Korea Textured Soy Protein Market by Application, 2023 - 2029, USD Million
TABLE 55 South Korea Textured Soy Protein Market by Product, 2019 - 2022, USD Million
TABLE 56 South Korea Textured Soy Protein Market by Product, 2023 - 2029, USD Million
TABLE 57 Singapore Textured Soy Protein Market, 2019 - 2022, USD Million
TABLE 58 Singapore Textured Soy Protein Market, 2023 - 2029, USD Million
TABLE 59 Singapore Textured Soy Protein Market by Type, 2019 - 2022, USD Million
TABLE 60 Singapore Textured Soy Protein Market by Type, 2023 - 2029, USD Million
TABLE 61 Singapore Textured Soy Protein Market by Application, 2019 - 2022, USD Million
TABLE 62 Singapore Textured Soy Protein Market by Application, 2023 - 2029, USD Million
TABLE 63 Singapore Textured Soy Protein Market by Product, 2019 - 2022, USD Million
TABLE 64 Singapore Textured Soy Protein Market by Product, 2023 - 2029, USD Million
TABLE 65 Malaysia Textured Soy Protein Market, 2019 - 2022, USD Million
TABLE 66 Malaysia Textured Soy Protein Market, 2023 - 2029, USD Million
TABLE 67 Malaysia Textured Soy Protein Market by Type, 2019 - 2022, USD Million
TABLE 68 Malaysia Textured Soy Protein Market by Type, 2023 - 2029, USD Million
TABLE 69 Malaysia Textured Soy Protein Market by Application, 2019 - 2022, USD Million
TABLE 70 Malaysia Textured Soy Protein Market by Application, 2023 - 2029, USD Million
TABLE 71 Malaysia Textured Soy Protein Market by Product, 2019 - 2022, USD Million
TABLE 72 Malaysia Textured Soy Protein Market by Product, 2023 - 2029, USD Million
TABLE 73 Rest of Asia Pacific Textured Soy Protein Market, 2019 - 2022, USD Million
TABLE 74 Rest of Asia Pacific Textured Soy Protein Market, 2023 - 2029, USD Million
TABLE 75 Rest of Asia Pacific Textured Soy Protein Market by Type, 2019 - 2022, USD Million
TABLE 76 Rest of Asia Pacific Textured Soy Protein Market by Type, 2023 - 2029, USD Million
TABLE 77 Rest of Asia Pacific Textured Soy Protein Market by Application, 2019 - 2022, USD Million
TABLE 78 Rest of Asia Pacific Textured Soy Protein Market by Application, 2023 - 2029, USD Million
TABLE 79 Rest of Asia Pacific Textured Soy Protein Market by Product, 2019 - 2022, USD Million
TABLE 80 Rest of Asia Pacific Textured Soy Protein Market by Product, 2023 - 2029, USD Million
TABLE 81 key Information – Archer Daniels Midland Company
TABLE 82 Key information – International Flavors & Fragrances, Inc.
TABLE 83 Key Information – Bunge Limited
TABLE 84 Key Information – Wilmar International Limited
TABLE 85 Key Information – Cargill, Incorporated
TABLE 86 Key Information – Linyi Shansong Biological Products Co., Ltd.
TABLE 87 Key Information – Bremil Group
TABLE 88 Key Information – Sonic Biochem Extractions Pvt. Ltd.
TABLE 89 Key Information – Shandong Yuxin Bio-Tech Co., Ltd.
TABLE 90 Key Information – Crown Soya Protein Group Company
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Textured Soy Protein Market Share by Type, 2022
FIG 3 Asia Pacific Textured Soy Protein Market Share by Type, 2029
FIG 4 Asia Pacific Textured Soy Protein Market by Type, 2019 - 2029, USD Million
FIG 5 Asia Pacific Textured Soy Protein Market Share by Application, 2022
FIG 6 Asia Pacific Textured Soy Protein Market Share by Application, 2029
FIG 7 Asia Pacific Textured Soy Protein Market by Application, 2019 - 2029, USD Million
FIG 8 Asia Pacific Textured Soy Protein Market Share by Product, 2022
FIG 9 Asia Pacific Textured Soy Protein Market Share by Product, 2029
FIG 10 Asia Pacific Textured Soy Protein Market by Product, 2019 - 2029, USD Million
FIG 11 Asia Pacific Textured Soy Protein Market Share by Country, 2022
FIG 12 Asia Pacific Textured Soy Protein Market Share by Country, 2029
FIG 13 Asia Pacific Textured Soy Protein Market by Country, 2019 - 2029, USD Million
FIG 14 Recent strategies and developments: Archer Daniels Midland Company