The Latin America, Middle East and Africa Textured Soy Protein Market would witness market growth of 18.1% CAGR during the forecast period (2023-2029).
The expansion of the market is affected by a wide variety of microeconomic and macroeconomic factors. However, the increasing demand for functional drinks is one recent trend that has been especially effective in driving the growth of the market. This success can be attributed to the fact that this trend is relatively new. Because textured soy protein is an essential component of these beverages, an increase in consumer demand for these beverages directly affects the expansion of the market. In addition, people's hectic and busy lifestyles are helping to drive market growth to newer heights.
As the principal component, textured soy protein is an inexpensive commodity and an option. They are not pricey, and their processing fees are far lower. It allows manufacturers to turn soy into more refined items that are easier to market to customers. In addition, its price is more affordable than meat products and alternatives to meat. The fact that it can be consumed in place of dairy products is another element driving the market. Because lactose intolerance affects many individuals, many consumers are looking for alternatives to traditional milk products. One of the most suitable is soy milk.
Proteins from cereals can be substituted with soybeans because of their distinctive amino acid profile. Soybean meal is utilized by both the animal fodder and human food industries. The rising livestock population, which includes ruminants, cattle, and other animals fed animal feed containing soybean protein, and the health benefits of this protein-rich diet are the primary reasons for the increasing demand for soybeans. The restrictions on slaughterhouse byproducts, which have boosted the market, are the second factor driving the demand for textured soy protein products aiding the market growth in the region. The region's consumption and exports of textured soy protein will expand due to its increased soybean production, boosting the market growth in LAMEA.
The Brazil market dominated the LAMEA Textured Soy Protein Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $51.7 Million by 2029. The Argentina market is exhibiting a CAGR of 18.7% during (2023 - 2029). Additionally, The UAE market would showcase a CAGR of 17.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Textured Soy Protein Market, by Type
1.4.2 LAMEA Textured Soy Protein Market, by Application
1.4.3 LAMEA Textured Soy Protein Market, by Product
1.4.4 LAMEA 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. LAMEA Textured Soy Protein Market by Type
4.1 LAMEA Conventional Market by Country
4.2 LAMEA Organic Market by Country
Chapter 5. LAMEA Textured Soy Protein Market by Application
5.1 LAMEA Food & Beverages Market by Country
5.2 LAMEA Animal Feed Market by Country
Chapter 6. LAMEA Textured Soy Protein Market by Product
6.1 LAMEA Textured Soy Protein Concentrate (TSPC) Market by Country
6.2 LAMEA Textured Defatted Soy Flour (TSF) Market by Country
6.3 LAMEA Textured Soy Protein Isolate Market by Country
Chapter 7. LAMEA Textured Soy Protein Market by Country
7.1 Brazil Textured Soy Protein Market
7.1.1 Brazil Textured Soy Protein Market by Type
7.1.2 Brazil Textured Soy Protein Market by Application
7.1.3 Brazil Textured Soy Protein Market by Product
7.2 Argentina Textured Soy Protein Market
7.2.1 Argentina Textured Soy Protein Market by Type
7.2.2 Argentina Textured Soy Protein Market by Application
7.2.3 Argentina Textured Soy Protein Market by Product
7.3 UAE Textured Soy Protein Market
7.3.1 UAE Textured Soy Protein Market by Type
7.3.2 UAE Textured Soy Protein Market by Application
7.3.3 UAE Textured Soy Protein Market by Product
7.4 Saudi Arabia Textured Soy Protein Market
7.4.1 Saudi Arabia Textured Soy Protein Market by Type
7.4.2 Saudi Arabia Textured Soy Protein Market by Application
7.4.3 Saudi Arabia Textured Soy Protein Market by Product
7.5 South Africa Textured Soy Protein Market
7.5.1 South Africa Textured Soy Protein Market by Type
7.5.2 South Africa Textured Soy Protein Market by Application
7.5.3 South Africa Textured Soy Protein Market by Product
7.6 Nigeria Textured Soy Protein Market
7.6.1 Nigeria Textured Soy Protein Market by Type
7.6.2 Nigeria Textured Soy Protein Market by Application
7.6.3 Nigeria Textured Soy Protein Market by Product
7.7 Rest of LAMEA Textured Soy Protein Market
7.7.1 Rest of LAMEA Textured Soy Protein Market by Type
7.7.2 Rest of LAMEA Textured Soy Protein Market by Application
7.7.3 Rest of LAMEA 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 LAMEA Textured Soy Protein Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Textured Soy Protein Market, 2023 - 2029, USD Million
TABLE 3 LAMEA Textured Soy Protein Market by Type, 2019 - 2022, USD Million
TABLE 4 LAMEA Textured Soy Protein Market by Type, 2023 - 2029, USD Million
TABLE 5 LAMEA Conventional Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA Conventional Market by Country, 2023 - 2029, USD Million
TABLE 7 LAMEA Organic Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA Organic Market by Country, 2023 - 2029, USD Million
TABLE 9 LAMEA Textured Soy Protein Market by Application, 2019 - 2022, USD Million
TABLE 10 LAMEA Textured Soy Protein Market by Application, 2023 - 2029, USD Million
TABLE 11 LAMEA Food & Beverages Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Food & Beverages Market by Country, 2023 - 2029, USD Million
TABLE 13 LAMEA Animal Feed Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Animal Feed Market by Country, 2023 - 2029, USD Million
TABLE 15 LAMEA Textured Soy Protein Market by Product, 2019 - 2022, USD Million
TABLE 16 LAMEA Textured Soy Protein Market by Product, 2023 - 2029, USD Million
TABLE 17 LAMEA Textured Soy Protein Concentrate (TSPC) Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Textured Soy Protein Concentrate (TSPC) Market by Country, 2023 - 2029, USD Million
TABLE 19 LAMEA Textured Defatted Soy Flour (TSF) Market by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Textured Defatted Soy Flour (TSF) Market by Country, 2023 - 2029, USD Million
TABLE 21 LAMEA Textured Soy Protein Isolate Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Textured Soy Protein Isolate Market by Country, 2023 - 2029, USD Million
TABLE 23 LAMEA Textured Soy Protein Market by Country, 2019 - 2022, USD Million
TABLE 24 LAMEA Textured Soy Protein Market by Country, 2023 - 2029, USD Million
TABLE 25 Brazil Textured Soy Protein Market, 2019 - 2022, USD Million
TABLE 26 Brazil Textured Soy Protein Market, 2023 - 2029, USD Million
TABLE 27 Brazil Textured Soy Protein Market by Type, 2019 - 2022, USD Million
TABLE 28 Brazil Textured Soy Protein Market by Type, 2023 - 2029, USD Million
TABLE 29 Brazil Textured Soy Protein Market by Application, 2019 - 2022, USD Million
TABLE 30 Brazil Textured Soy Protein Market by Application, 2023 - 2029, USD Million
TABLE 31 Brazil Textured Soy Protein Market by Product, 2019 - 2022, USD Million
TABLE 32 Brazil Textured Soy Protein Market by Product, 2023 - 2029, USD Million
TABLE 33 Argentina Textured Soy Protein Market, 2019 - 2022, USD Million
TABLE 34 Argentina Textured Soy Protein Market, 2023 - 2029, USD Million
TABLE 35 Argentina Textured Soy Protein Market by Type, 2019 - 2022, USD Million
TABLE 36 Argentina Textured Soy Protein Market by Type, 2023 - 2029, USD Million
TABLE 37 Argentina Textured Soy Protein Market by Application, 2019 - 2022, USD Million
TABLE 38 Argentina Textured Soy Protein Market by Application, 2023 - 2029, USD Million
TABLE 39 Argentina Textured Soy Protein Market by Product, 2019 - 2022, USD Million
TABLE 40 Argentina Textured Soy Protein Market by Product, 2023 - 2029, USD Million
TABLE 41 UAE Textured Soy Protein Market, 2019 - 2022, USD Million
TABLE 42 UAE Textured Soy Protein Market, 2023 - 2029, USD Million
TABLE 43 UAE Textured Soy Protein Market by Type, 2019 - 2022, USD Million
TABLE 44 UAE Textured Soy Protein Market by Type, 2023 - 2029, USD Million
TABLE 45 UAE Textured Soy Protein Market by Application, 2019 - 2022, USD Million
TABLE 46 UAE Textured Soy Protein Market by Application, 2023 - 2029, USD Million
TABLE 47 UAE Textured Soy Protein Market by Product, 2019 - 2022, USD Million
TABLE 48 UAE Textured Soy Protein Market by Product, 2023 - 2029, USD Million
TABLE 49 Saudi Arabia Textured Soy Protein Market, 2019 - 2022, USD Million
TABLE 50 Saudi Arabia Textured Soy Protein Market, 2023 - 2029, USD Million
TABLE 51 Saudi Arabia Textured Soy Protein Market by Type, 2019 - 2022, USD Million
TABLE 52 Saudi Arabia Textured Soy Protein Market by Type, 2023 - 2029, USD Million
TABLE 53 Saudi Arabia Textured Soy Protein Market by Application, 2019 - 2022, USD Million
TABLE 54 Saudi Arabia Textured Soy Protein Market by Application, 2023 - 2029, USD Million
TABLE 55 Saudi Arabia Textured Soy Protein Market by Product, 2019 - 2022, USD Million
TABLE 56 Saudi Arabia Textured Soy Protein Market by Product, 2023 - 2029, USD Million
TABLE 57 South Africa Textured Soy Protein Market, 2019 - 2022, USD Million
TABLE 58 South Africa Textured Soy Protein Market, 2023 - 2029, USD Million
TABLE 59 South Africa Textured Soy Protein Market by Type, 2019 - 2022, USD Million
TABLE 60 South Africa Textured Soy Protein Market by Type, 2023 - 2029, USD Million
TABLE 61 South Africa Textured Soy Protein Market by Application, 2019 - 2022, USD Million
TABLE 62 South Africa Textured Soy Protein Market by Application, 2023 - 2029, USD Million
TABLE 63 South Africa Textured Soy Protein Market by Product, 2019 - 2022, USD Million
TABLE 64 South Africa Textured Soy Protein Market by Product, 2023 - 2029, USD Million
TABLE 65 Nigeria Textured Soy Protein Market, 2019 - 2022, USD Million
TABLE 66 Nigeria Textured Soy Protein Market, 2023 - 2029, USD Million
TABLE 67 Nigeria Textured Soy Protein Market by Type, 2019 - 2022, USD Million
TABLE 68 Nigeria Textured Soy Protein Market by Type, 2023 - 2029, USD Million
TABLE 69 Nigeria Textured Soy Protein Market by Application, 2019 - 2022, USD Million
TABLE 70 Nigeria Textured Soy Protein Market by Application, 2023 - 2029, USD Million
TABLE 71 Nigeria Textured Soy Protein Market by Product, 2019 - 2022, USD Million
TABLE 72 Nigeria Textured Soy Protein Market by Product, 2023 - 2029, USD Million
TABLE 73 Rest of LAMEA Textured Soy Protein Market, 2019 - 2022, USD Million
TABLE 74 Rest of LAMEA Textured Soy Protein Market, 2023 - 2029, USD Million
TABLE 75 Rest of LAMEA Textured Soy Protein Market by Type, 2019 - 2022, USD Million
TABLE 76 Rest of LAMEA Textured Soy Protein Market by Type, 2023 - 2029, USD Million
TABLE 77 Rest of LAMEA Textured Soy Protein Market by Application, 2019 - 2022, USD Million
TABLE 78 Rest of LAMEA Textured Soy Protein Market by Application, 2023 - 2029, USD Million
TABLE 79 Rest of LAMEA Textured Soy Protein Market by Product, 2019 - 2022, USD Million
TABLE 80 Rest of LAMEA 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 LAMEA Textured Soy Protein Market Share by Type, 2022
FIG 3 LAMEA Textured Soy Protein Market Share by Type, 2029
FIG 4 LAMEA Textured Soy Protein Market by Type, 2019 - 2029, USD Million
FIG 5 LAMEA Textured Soy Protein Market Share by Application, 2022
FIG 6 LAMEA Textured Soy Protein Market Share by Application, 2029
FIG 7 LAMEA Textured Soy Protein Market by Application, 2019 - 2029, USD Million
FIG 8 LAMEA Textured Soy Protein Market Share by Product, 2022
FIG 9 LAMEA Textured Soy Protein Market Share by Product, 2029
FIG 10 LAMEA Textured Soy Protein Market by Product, 2019 - 2029, USD Million
FIG 11 LAMEA Textured Soy Protein Market Share by Country, 2022
FIG 12 LAMEA Textured Soy Protein Market Share by Country, 2029
FIG 13 LAMEA Textured Soy Protein Market by Country, 2019 - 2029, USD Million
FIG 14 Recent strategies and developments: Archer Daniels Midland Company