2023-2029 textured soybean protein market analysis report

 Textured Soy Protein (TVP) is a plant-based protein derived from soybeans used as a meat substitute in vegetarian and vegan diets. It is a nutritious and versatile ingredient that can be used in a variety of food products such as meat substitutes, snacks and bakery products.


Global Market Analysis:

The global soy textured protein market is expected to grow at a significant rate during the forecast period 2021-2026. Growing consumer demand for plant-based protein coupled with growing awareness about the health benefits of soy protein is driving the growth of the global textured soy protein market. Furthermore, increasing vegetarian population and rising disposable income levels are also contributing to the growth of the market.

The global textured soy protein market size is expected to reach USD 3.5 billion by 2026, growing at a CAGR of 8.2% from 2021 to 2026. The Asia-Pacific region is expected to witness the highest growth rate owing to the growing adoption of plant-based proteins and rising demand for meat alternatives in the region.

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