Sales of Textured Soy Protein Is Expected to Witness A CAGR 6.4% By 2032

CITY, Country, 2022-Dec-08 — /EPR Network/ —

Nearly 40% of consumers who participated in the Fact.MR consumer survey said they bought plant-based goods because they thought they were healthier. 25% of people bought items because someone in their family has lactose sensitivity, 35% bought them because they wanted to test them. The market share of plant-based substitutes is lower than that of the original product.

But in recent years, the plant-based segment has grown significantly. There are no indicators that the demand for meals and beverages made from plants will slow down. Retail sales of plant-based foods rose 11.4% in 2019, according to the Plant-based Foods Association (PBFA). The COVID-19 epidemic has not had an impact on sales.

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Key Segments Covered

  • By Product Type

    • Soy Protein Concentrates
    • Soy Protein Isolates
    • Others
  • By Nature

    • Organic Textured Soy Protein
    • Conventional Textured Soy Protein
  • By Form

    • Dry Textured Soy Protein
    • Liquid Textured Soy Protein
  • By Application

    • Meat Substitutes
    • Dairy Alternatives
    • Infant Nutrition
    • Bakery Products
    • Cereals & Snacks
    • Animal Feed
    • Other Applications

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In-depth research of each market participant’s corporate strategy, including mergers, the launch of new products, joint ventures, and partnerships, is included in the Textured Soy Protein Market Report.

The current COVID-19 outbreak has had a substantial detrimental impact on the global market for textured soy protein. The temporary halt of manufacturing operations in all of the major manufacturing hubs has caused a significant delay in production. Demand and purchasing power among consumers are also impacted by COVID-19. It is extremely impossible to predict when and how the market for Textured Soy Protein will reopen given the projected length of the suspension. It is anticipated that Cov-19 will have a significant impact on the market study of Textured Soy Protein.

Key Companies Profiled

  • Archer Daniels Midland
  • DuPont Nutrition & Health
  • The Good Scents Company
  • Abbott Nutritionals
  • Kerry Group Plc.
  • Friesland Campina
  • Cargill Inc.
  • Costantino Special Protein
  • New Alliance Dye Chem Pvt. Ltd
  • Solae LLC
  • Bunge

Among the data used in the research of the global Textured Soy Protein markets are the following facts:

Consumption habits of people around the world are evolving.
The global market for Textured Soy Protein is being driven by a variety of obstacles, opportunities, and considerations.
In a field that is increasingly worldwide, everyone needs new sources of revenue.
Features of participation and level of rivalry among the major companies in the industry
Innovative business strategies and technology advancements that consider COVID-19’s impact on the market and how the pandemic may effect the market’s potential future growth.
The Textured Soy Protein Industry market’s revenue and projected future growth are analysed using geographic segmentation.
Over the previous year, there has been a sharp fall. increased demand in demand for Textured Soy Protein Market detection.

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How Can Fact.MR Help You Reach Strategic Decisions?

The data in the market study on Textured Soy Protein provides in-depth analysis of important market trends. Market participants might use this information to create innovative business plans and produce remarkable revenue in the near future. The study examines pricing trends, a value chain analysis, and various goods offered by industry rivals. The main objectives of this study are to support data-driven decision-making and business planning.

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