Textured soy protein (TSP) is sometimes known as textured or textured vegetable protein (TVP), but it is most commonly known as total soy protein (TSP) as it is a soybean derivative. Soybean meal, like soy flour and other soybean derivatives, is a by-product of soybean oil. It is frequently combined with meat. Shaped soy protein is frequently used in place of meat, and it is also used as meat in other circumstances. This is a particular type of ground beef. As a result, it's a great meat alternative in products like tacos, peppers, spaghetti sauce, and hamburgers. TVP can be used to meat meals as a flavour enhancer.

The textured soy protein market is segmented on the basis of type, source and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

• On the basis of type, the textured soy protein market is segmented into non-GMO, conventional and organic and others.
• Based on source, the textured soy protein market is segmented into soy protein concentrates, soy protein isolates and soy flour.
• Based on the application the textured soy protein market is segmented into food, bakery products, cereals and snacks, dairy alternatives, infant nutrition, meat substitutes, feed and others.

In the textured soy protein market, increasing consumer knowledge of low-cost protein availability is a crucial element. Another key element driving up demand for soy protein in the market is the growing vegetarian and vegan population. Furthermore, another reason driving the expansion of a high protein-based food target market is rising individual consumption. Structured soy protein is employed as a flavour binder in a variety of meals because it absorbs oil, retains moisture, and improves texture, all of which contribute to its high demand in the food business. Also, the increase in the health consciousness among consumers will boost the growth of textured soy protein market.

The textured soy protein market is analyses and market size, volume information is provided by country, type, source and application as referenced above.

Asia-Pacific dominates the textured soy protein market and will continue to flourish its trend of dominance during the forecast period owing to the growing demand for demand for textured vegetable protein products in this region. North America is expected to score the highest CAGR due to the increasing number of vegan population in this region.